| Comment Number: | 522418-00107 |
| Received: | 5/31/2006 12:27:56 AM |
| Organization: | Mannatech, Inc |
| Commenter: | Hud Lainson |
| State: | IA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I am against establishing Rule R511993. PLEASE READ MY THOUGHTS. America is a great free enterprise country. It should not be the place of the FTC to establish the proposed "rules" on Direct Selling US companies because we already have the "Direct Selling Association" that does hold companies accountable for good business practices. These "rules" will have a negative impact on the business that we have built over the past 8 years which has given us financial freedom. Our products are needed by every human in the world for good/improved health. Mannatech, Inc is a company of integrity and we do not need legislation by the FTC to be our BIG BROTHER. It is very obvious to me that whoever wrote this RULE has not had an opportunity to be successfull in a direct selling business. Believe me.....it is the best way of making a living because we help people with health and wealth. Mannatech has given me a wonderful retirement plan that is unbeatable by any other company that I have worked for or any of the other 4 businesses that we have owned. By reviewing the proposed rules it appears that these rules come from the mind of a college freshman.....someone that is not well versed in the free enterprise direct selling business system of the USA. For example: 1) 7 day waiting period--This is ridiculous! Consumers can be wise enough to make business decisions without having government intervention. Do you wait 7 days before buying flowers for your spouse? Before buying a house? Before buying a lawn mower? Where does this ridiculousness stop? Maybe we should make political people wait 7 days to see if the general public still wants them in office!!!! 2) Litigation reporting--If you expect Mannatech Associates to keep up on and discuss every piece of litigation then we should require grocery stores, auto dealerships, and medical professionals to post all litigation in open view and discuss the litigation with every person every time they enter the business, call on the phone, write a letter, or send an email. After all....the consumer should have the "right" to know about the litigation. Pretty stupid isn't it. 3) References--Upon reviewing the information put forth about Rule R511993 I do not see mentioned of any references for the people who wrote the proposed rules. How do I know the qualifications of these people. Please provide to me their references!! One more thing.......do you really want me to disclose who I do business with? That could be a breach of trust between me and my downline associates. How about identity theft? Is that why no one has their name on this "rule" draft? The last time you purchased a car did you ask the dealer for 10 references? Would you like to be on a list of references for people to know your business....to know your name.....your phone number.....maybe your address? Thanks for reading and considering my comments. Now it is time for a good word: I love my country. We are a shining example of free enterprise that is envied by many foreigners that visit the US. We have freedom of speech (thank God!!), freedom of worship, and freedom of doing business with others and other nations. We also have the freedom to make dumb choices, fail in business, and make stupid mistakes. This all leads to building character if we learn from our mistakes. I love the way our three branches of government is set up. It provides a wonderful example of accountability. But please do not set forth stupid "rules" or requirements on the greatest business system of any nation......Direct Selling.