From: Royal Lea
August 4, 2005
Jonathan G. Katz
I have been an insurance professional for 42 years, a CLU and ChFC, a life member of the MDRT, a member of the Society of Financial Services Professionals, and a registered representative since 1969. I subscribe to the highest standards of integrity and professionalism in the insurance business and securities. I deplore dishonesty and self serving in our business as much as anyone. However, I believe that the proposed Rule 2821is inappropriate for the following reasons: 1. Existing procedures are adequate to regulate the sale of deferred variabe annuities. 2.
For these reasons, I urge the SEC to disapprove NASD proposed Rule 2821.
David M. Fickett, CLU, ChFC