|Received:||7/16/2006 8:20:28 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:This ruling would hamper and discourage a new person trying to get started. A new person does not have 10 references personnally sponsored in their business therefore must rely on their competition for a good reference. This is unfair and not competitive. A new person who wants to get into business does not want to wait 7 days to get started. People want to get started when they are excited and ready. Waiting 7 days will cause the person to loose their excitement and original reason for getting started in their business. What significance does prior litigation have to do with a business unless convicted of a crime. There are today many false claims made against business whether corporate or private. Just look it up on the internet. Having to show every litigation on any business will hamper and create an atmosphere of mistrust therefore creating unfair competition. Why would I disclose how much money I earn to a prospect using what forms as evidence of this? What does it matter? People in business today do not disclose earnings. A person getting started verses one who has built the business has different earnings therefore more or less credibility in the business. This is why the playing field should and must be level in regards to how much money can be earned generally at different levels within the business. This basically means the bigger the business the more that is earned and those figures are readily available. Everyone in business earns more or less money. If someone gets into a business of this type there must be a cancellation policy at any time. I have kept my comments short and hopefully to the point so you can read and quickly understand how this new rule would hamper, create unfair competition and keep people from getting involved in their own business. This rule would take away the opportunity for people to have their own business. I agree that the frauds should be caught and prosecuted to the fullest extent of the law however not at the expense of the good business owner. We must find a happy medium where the frauds can be caught and prosecuted while the good business owners can prosper within the boundaries of the law.