| Comment Number: | 522418-07578 |
| Received: | 7/11/2006 11:04:37 AM |
| Organization: | |
| Commenter: | Cookingham |
| State: | MI |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
To whom it may concern, In regards to your proposed "Business opportunity rule" I have some concerns. First, I would like to applaud your efforts to help protect consumers from "get rich quick" schemes. However some legitimate busniess opportunities will be hurt by this ruling. I believe that a level playing field should be created by requiring clear, simple, and standardized income disclousures that apply to all direct sellers. Also there should be a reasonable cancellation policy for each business opportunity. I don't believe that there should be a seven-day waiting period befrore someone can be registered into an opportunity. Independant business owners should not be required to provide references to prospects or to disclose past litigations. Along these lines I also believe that financial records should be disclosed to prospects. Our forefathers came to this land with not much more than Dreams for an opportunity to become whatever they decided that they could be. Where would this country be without the free-enterprise opportunity provided by legitamate direct sellers.Let us keep our DREAMS alive for a brighter future for America and the world. Thank you in advance for the opportunity to exress my thoughts on this subject. Keep up the good work. Jeff Cookingham