| Comment Number: | 522418-10106 |
| Received: | 7/15/2006 6:28:20 PM |
| Organization: | Colston and Associates |
| Commenter: | Lloyd Colston |
| State: | OK |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I work a "day job" and I also am involved in Multi-Level or Network Marketing. As a Citizen and as an entrepreneur, I am commenting about the proposed rules. While I have experienced hype in marketing (and not just network marketing), I also have encouraged my membership, downline, organization, whatever you wish to call it, to go forward steadily and with purpose. Sometimes, it's hard to make commission. Sometimes it's hard to get an agent to enroll. Sometimes people spend money they don't have "chasing the dream". However, this is a land of freedoms. You have the right to sign up at http://mayescem.ld.net or not. You havfe the freedom to work the program or not. You have the freedom to join some other program or not. As I tell my son, with freedom comes responsibility. The customer has the responsibility of due diligence. Doing their homework will make the customer a better network marketing consumer. Waiting five days to enroll will not make them smarter. IF this rule is enacted to the purpose of hurting an industry, will the Federal Trade Commission enact a rule requiring a five-day wait for buying stocks? After all, I've list more money this year in the stock market than I did in multilevel marketing. I am a proponent of Government governing and not making arbitrary and capricious rules, ex. why five days rather than one or ten. Therefore, while on the surface, you make an effort to protect the Citizen, you place barriers before them that help them never do anything. THAT is a real business killer. Please abstain from this line and focus your attention of more serious items than a $50 kit (my company does not charge a dime to catch the vision). We are already exceeding the letter and intent of your proposal. Nevertheless, the proposal, on the surface, is an effort to protect the Citizen who is too lazy to do due diligence but at it's core is just an attempt to place onerous rules on an entire industry. Thank you for this attention. With regards, Lloyd Colston Colston and Associates