| Comment Number: | 522418-08906 |
| Received: | 7/13/2006 5:06:30 PM |
| Organization: | |
| Commenter: | Gloria Gilstad |
| State: | MN |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I am concerned about the proposed business opportunity rules. I am a full time repesentative of Goldshield Elite Products. The seven day waiting period would give the impression that my profession is someone suspect. In the 21 years that I have been involved in this industry, I have found that the people who need more time to review the information take the time and those that are ready to purchase are satified with their decision. My biggest concern is about the proposed rule that calls for the release of information about 10 prior purchasers nearest to the prospective purchaser. Customers today are fearful of identify theft and would be very offended when they find out that their information is being given out without their knowledge. I don't see the advantage to the buyer and a big possible problem to others. I do not know of any other industry that has anything like this. I have been in the direct selling industry for over 21 years. This is our full time profession and we are proud of the opportunity of small business that we can offer others. These type of rules would deeply affect my business in the future and would put a cloud of doubt around our professionalism. We hold to the highest ethical standards and we expect the same from our company headquarters. There has to be a way to eliminate the problem companies and reps without affecting those that are up front and honest with their customers. I do appreciate the work of the FTC to protect consumers from dishonest business, but these rules seem to make the assumption that all are dishonest and need to be suspected. Please do not put these unnecessary burdens on us. Thanks much, Gloria Gilstad