| Comment Number: | 522418-02123 |
| Received: | 6/14/2006 12:23:06 PM |
| Organization: | Mannatech Inc. |
| Commenter: | Larry Kowallis |
| State: | CA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Larry Kowallis June 14, 2006 Dear Sir/Madam: I am writing this letter because I am very concerned about the proposed Business Opportunity Rule R511993. I believe that in its present form, it might prevent me from continuing my current business as a distributor for Mannatech Inc.. In your efforts to protect the public from those dishonest and fraudulent opportunists you may be damaging important sources of income for people like me. I have been a part-time direct seller for thirty years and have needed that income to support my family of 5 kids. I am especially concerned with the 7 day waiting period. The products I currently sell often cost only a couple hundred dollars a month while cars and other costly items don’t require this waiting period. It seems grossly unfair. Another area of grave concern for me is the requirement to disclose all lawsuits against the company. Any competitor can file a lawsuit, with or without merit to slow down or crush their competition. It is unfair to require us to disclose lawsuits that we have won as well as those we may have lost. Do large corporations have to disclose their lawsuits before they sell products? This is an undue burden. Finally the requirement to provide 10 nearby references is extremely dangerous. First, they will be hard to find requiring an unfair amount of time. Second, providing this information invades someone else’s privacy. Would you want people calling you all the time because you purchased a particular product? Who is it that is driving this witch hunt? Is big business trying to limit its competition? Small businesses drive our economy. They help lower as well as middle class families survive in a world were corporate greed often leads to massive layoffs. Please vigorously prosecute those who defraud their customers with wild promises but, don’t punish the rest of us who provide quality service and products. Sincerely, Larry Kowallis