|Received:||7/16/2006 2:43:23 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:On the surface the Proposed Business Opportunity Rule appears to be an effort to protect eager entrepreneurs from scams. I suspect that, like with so many laws, there is a deeper political motive. Since multi-level marketing, MLM, or network marketing, pays a large share of the profit to the people who are using the products instead of to a retail outlet, it seems likely that large retailers are behind the law. If passed, the PBOR may save a few people from being scammed, but I am sure if you put it to a vote, most people would say, "Leave us free to take our chances." All business involves risk, and, indeed, the vast majority of brick-and-mortar retail businesses do not last past a few years. The two saddest things about this bill is its gross infringement upon the privacy of MLM participants, and the fact that the most conciencious companies are the ones that will try to comply. I say, "try to comply" because I do not believe any company can withstand the burden that this bill imposes. And back to my origional observation.....I believe that is the true intention. Please do not pass the FTC's proposed new rule, 16 CFR Part 4370!!