|Received:||7/15/2006 11:39:49 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I'll admit, there are many business opportunity scams online and offline, so the FTC is correct in trying to protect consumers and prevent them from getting duped. However, they are going about it in completely the wrong fashion. The people who are scamming aren't going to care about the regulations above anyway, and the average prospect won't even know about these regulations - so the only thing this ANTI-BUSINESS rule would accomplish is squashing the "good" network marketers. And there are MANY other discrepancies and even safety issues involved with this clueless proposal. Giving a prospect a sheet with all the information you request would kill our businesses. I owned a 'bricks and mortar' business that went bankrupt, businesses fail all the time - don't squash the good MLM businesses just because you have painted them all with the same scammers label. Reconsider this proposal.