| Comment Number: | 522418-00118 |
| Received: | 5/31/2006 4:03:38 PM |
| Organization: | |
| Commenter: | Nicole Kroeger |
| State: | TX |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear Sir: I am writing because I am very concerned about the proposed Business Opportunity Rule R511993. I believe that it is well-intentioned but would inadvertently destroy my business and that of many other good and honest people. This would also hurt our customers as it would unnecessarily delay their orders and create a huge burden where there is no need for one. Perhaps there are a few deceptive people out there who abuse the current system, but most of us are very hard working and take good care of our customers. The worst part for the business is the 7 day waiting period to enroll new people in a membership. It is a terrible hardship to a business and very inconvenient for the buyer. People can spend a lot more money on some very questionable purchases and they do not have to wait seven days. This rule would give a terrible impression of something wrong, like people having to wait to buy a gun! This proposed rule also calls for the release of any information regarding lawsuits about deceptive practices, not distinguishing between false claims or true ones but lumping them all together, which could be used by a competitor to seriously hurt a company that had done nothing wrong. Also the rule requires the disclosure of 10 or more prior purchasers nearest to the prospective purchaser. I am happy to give references, but giving out personal information on inidividuals without their approval to total strangers would be very unethical and dangerous with the scare of identity theft or the misuse of that information. Surely you would not allow this to happen! I have been a Mannatech associate for 3 years and have made many wonderful new friends in my customers. They all trust me and appreciate my services to them. I have never had a complaint against me nor do I know anyone in my area association having a complaint against them. I appreciate the desire of the FTC to protect consumers from deceptive practices but this plan would wipe out scores of good business people along with the few bad ones. I feel sure that the FTC could find an alternative to this proposed rule in order to achieve its purposes. Thank you for your time to hear my concerns, Nicole Kroeger