|Received:||7/11/2006 7:14:35 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I strongly oppose the proposed action 16 CFR Part 437. It is targeted against self-employed entrepreneurs many of whom own and operate legitimate business that provide valuable services to many people. The regulations would impose expenses that exceed profits for many businesspeople, forcing them to abandon their businesses and abandon their customers. I do not believe we need more governmental intervention to "protect" us from business opportunities. Many great products are only available through becoming a distributor for these products, and tens of thousands of people have benefited financially by becoming distributors -- if for no other reason than having the opportunity to purchase these products at wholesale prices. To make this opportunity more cumbersome and difficult is unreasonable. The consumer ultimately has the responsibilty to investigate the business he or she is considering becoming involved with. If the consumer is not satisfied with the information presented, they have the freedom to decline the opportunity and move on. Reputable and ethical companies tend to have a researchable history, listing with the Better Business Bureau and a long list of satisfied customers and distributors. Anyone investing or becoming involved with a business opportunity must take the initiative to seek out this information. Otherwise, the credo remains, "Buyer Beware". The Federal Trade Commission cannot legislate intelligence or lack thereof. Nor should it attempt to.