Subject: SR-NASD-2004-183
From: Mary Ann Wagner

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 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.

Making a new rule will not prevent unsutiability for clients. Just enforce the rule that is already on the books and continue to emphasize strong (er) ethics in the professional actions of licensed representatives.


Mary Ann Wagner