Subject: SR-NASD-2004-183
From: John Downing

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 and variable product salesperson. I feel that the proposed Rule 2821 would add an unnecessary obstacle for those in this business to clear in order to best serve the needs of our customers. Of course, I believe that people who engage in misleading sales practices should be aggressively prosecuted and subject to appropriate sanctions. It appears that this proposed additional rule would duplicate requirements that are already in place. Perhaps appropriate enforcement of the existing suitability rule rather than adopting a new rule is the answer.

For these reasons, I urge the SEC to disapprove NASD proposed Rule 2821.

Thank you for your consideration of my views on this matter.


John Downing