Subject: SR-NASD-2004-183
From: B. Michael Muirhead

August 5, 2005

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

Jonathan Katz:

The SEC is one of the most important components in protecting the public against fraud in the securities business. I thank you for the efforts of your organization. It is only through careful oversight that we protect our current reputation and future security for our practices.

I am a licensed insurance professional and variable product salesperson. I am writing to you because the principal review requirements and redundant suitability standards contained in NASD proposed Rule 2821 are unnecessary, will provide no meaningful additional protection to consumers and will adversely impact my business. I urge the SEC to disapprove the proposal.

Please do not allow a few bad examples cause the SEC to duplicate current suitability documents and single out only one of many products available through securities professionals. It would appear from this effort that only insurance people and products are attempting to defraud the public and that is simply not the case.

Thank you for your time and consideration.


B. Michael Muirhead