Subject: SR-NASD-2004-183
From: Harold Johnson
Affiliation:

August 4, 2005

Jonathan G. Katz
Secretary, Securities and Exchange Commission
Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549-9309

Jonathan Katz:

I am a licensed insurance professional. I believe the suitability standards contained in NASD proposed Rule 2821 are necessary, will provide meaningful additional protection to consumers . I urge the SEC to approve the proposal.

I firmly believe that people who engage in misleading sales practices should be aggressively prosecuted and subject to appropriate sanctions.

NASD rules already contain suitability requirements that apply to all sales of securities, including variable annuities. A suitability disclosure at the point of sale should be the step in the regulatory process.

These suitability standards should be for all sales of equity products such as variable life insurance, mutual funds, limited partnerships and similar equity investments.

For these reasons, I urge the SEC approve NASD proposed Rule 2821. Thank you for your consideration of my views on this matter.

Sincerely,

Harold Johnson