|Received:||7/17/2006 7:46:59 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:My response, as a retiree, in reference to the PROPOSED Business Opportunity Rule reflects the necessity to sustain honest and forthright governing; however, not limiting the saleability of a free enterprise competitive business to allow each individual contact the opportunity to make a responsible personal choice to participate or not participate. Overregulation drives irresponsibility. My concerns are: 1. SEVEN DAY WAITING PERIOD. Time and energy are hugh elements in building a viable business. Contacts by appointment with a well laid out program would be placed in limbo and effectively dead. If a participant determines an incorrect choice after registeration, a refund guarantee seems appropriate. 2. REFERENCES. The merits of business involvement are through developing personal relationships with other associates. Appointments can be scheduled around group participation with contacts. The need to PROVIDE a list of names, addresses and phone numbers prior to registration will require nonproductive timeframes, privacy issues and other possible problems. 3. LITIGATIONS. This is vague as to who, whom, how long and validity of case. Could be very complicated. Detrimental to a growing business if updates not regularly documented. Time consuming. 4. SPECIFIC EARNINGS DISCLOSURE. Yes, we are building business for our futures. What governing purpose can be essential to speculate on earnings, when it is individual driven and dependent on effort and time spent?. One just does not show up for duty on a daily basis. 5. FINANCIAL. Do any hiring facilities arbitrarily provide personal open wage scales to potential employees? What reasoning would FTC have to regulate such information be made available to prospective business associates? If communication and discussion for the business presentation is open and honest, interaction will gleen this information without being REQUIRED to provide.