Subject: File No. SR-NASD-2004-183
From: Ann L Ainsworth
Affiliation: McFarland Associates, Vice President

August 11, 2005

I am opposed to the Proposed SR-NASD-2004-183 because it would be overly burdensome to administer and serve no purpose. We already have strict suitability requirements for placing ANY investor in ANY investment.

As long as there is a documented need and the client will be in a better financial condition be it cash flow, risk or tax advantage and we have documented why this is the best investment to meet this clients need, the NASD should not need anything more.

The suitability criteria in this proposed rule do not fit every client. Each individual investment should be judged on its own merit and as part of the clients entire holdings. One Size does not fit all.

If we have to meet these proposed suitability criteria in this proposed rule, it WILL NOT be in the clients best interest because it may preclude them from investing in a vehicle that would be the best fit for their need.

It is impossible to legislate integrity, honesty or common sense.

I urge you NOT to adopt Proposed Rule SR-NASD-2004-183