From: Elena Ling
Sent: August 9, 2005
To: rule-comments@sec.gov
Subject: File No. SR-NASD-2004-183


Elena Ling
23504 Ridge Line Rd
Diamond Bar, CA 91765

August 9, 2005

Jonathan G. Katz

Secretary, Securities and Exchange Commission Securities and Exchange Commission 100 F Street, NE Washington, DC 20549-9309

Jonathan Katz:

I would like to urge the SEC to disapprove NASD proposed Rule 2821. I am a licensed insurance professional and also in marketing of variable products. I considerl the principal review requirements and redundant suitability standards contained in NASD proposal Rule 2821 are unnecessary. It will provide no meaningful additional protection to consumers and will adversely impact my business. I have strong belief that people who do misleading sales practices should be prosecuted and subject to appropriate sanctions. However, proposed Rule 2821 duplicates requirements that are already in place. If regulators really want to protect consumers, enforcement of the existing suitability rule rather than adding a new rule is the answer. I have learned that there are over 95 percent of the comments received by the NASD regarding the proposal opposed the new rule and the NASD has not adequately responded to the concerns raised by the vast majority of commentators. I think NASD should look at this proposal seriously. Once again I urge the SEC to disapprove NASD proposed Rule 2821. Thank you for listening.

Sincerely,

Elena M. Ling, CLU, ChFC, CSA