From: Heather L. Shick
Sent: June 30, 2006
Subject: File No. SR-NASD-2004-183

Dear Nancy:

I am writing this email in opposition to proposed NASD rule 2821. I feel it will have a negative impact and unintended consequences on my business as an investment advisor representative, and the industry of financial planning as a whole. I feel there are currently adequate suitability rules in rule 2310 and creating another practice in that regard would be inefficient and redundant. This increased compliance takes my time away from making suitable recommendations to my clients.

I am also concerned that this rule will limit my clients options to utilize the benefits a VA offers. This rule will also be confusing to myself and my clients.

I urge you to not support this rule, and encourage the draft of a rule that will work well for both advisors and clients for suitability purposes.


Heather L. Shick
Investment Adviser Representative
Woodbury Financial Services, Inc.

Phone: (707) 349-1550
Fax: (707) 264-6555
P.O. Box 576
Lakeport, CA 95453