From: Scott Lynn Fagin
Sent: August 5, 2005
Subject: File No. SR-NASD-2004-025

I write to oppose allowing the NASD to discipline under the minor rules violation for Rule 3110--Failure to keep and conformance with...statements of policy...and with NASD Rules.

Beauty is in the eye of the beholder. This is an overly broad invitation to fine. The commission should consider this rule carefully.

Scott Lynn Fagin
The Jeffrey Matthews Financial Group,LLC
284 Millburn Avenue
Millburn, NJ 07041