| Comment Number: | 522418-12575 |
| Received: | 7/17/2006 10:57:40 PM |
| Organization: | |
| Commenter: | Karen Hurd |
| State: | VA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
To Whom it may Concern: RE: Business Opportunity Rule, Matter No. R511993 I have been in Network Marketing since 1988. The proposed rules would so severely hamper my business that I would have to consider closing my business. It would stifle further development and force me to go back to traditional employment. The proposed rules violate the privacy of those whose names would be disclosed without their permission. They impede the decision making process. They create fear and suspicion where none is required. They add unnecessary burdens to me and to NEW distributors who do not have established businesses. Network marketing is an $80 billion dollar industry. It has been around longer than franchising. It affords many people the opportunity to have their own business with minimal financial investment. Network marketing allowed me to stay at home and raise my children, working part-time and generating "full-time" income. Are franchises required to follow these rules? Ironically, the proposed rules will hurt established and responsible companies. Scammers and con artists will find new loopholes. And the new rules do NOTHING to stop foolish people who want to believe ridiculous claims, and who have a "lotto mentality". The proposed rules are onerous to legitimate business developers like myself. Business Opportunity Rule, Matter No. R511993 is over-regulation that penalizes honest business people. Sincerely, Karen Hurd