From: Adam R. Stevens
To: Rule Comments
Sent:July 12, 2006
Subject:Proposed changes - File Number SR-NASD-2004-183

I sell insurance and investment products for a living and am concerned about the suitability standard and principal review requirements pertaining to the sale of variable annuities contained in NASD proposed Rule 2821. I think it is important to help protect consumers from the bad practices of some professionals in our industry. It seems that these changes create a detriment to those who need the products and services we offer. The additional requirements imposed by the rule hurts my clients by discouraging the activity I am trying to instill in them, to save more and be better prepared for the future. It seems odd that this rule would be put in place in regards to the sale of a product for which the SEC already provides guidance and oversight, adding an extra layer of unneeded supervision discouraging their sale. If the purpose of this is to discourage the sale of these variable product sales to my clients who need them, you are doing a great disservice to my clients. I urge the SEC to disapprove NASD proposed Rule 2821. Thank you for your consideration of my views on this matter.

Adam R. Stevens
Financial Representative
1201 Troy Schenectady Road Suite #120
Latham, NY 12110
Telephone (518)785-4141
Northwestern Mutual Financial Network is the marketing name for the sales and distribution arm of The Northwestern Mutual Life Insurance Company, Milwaukee, WI (NM) and its subsidiaries and affiliates. Financial Representative is an agent of NM (life insurance, annuities, and disability income insurance) and Northwestern Long Term Care Insurance Company, Milwaukee, WI (long term care insurance), a subsidiary of NM. Securities are offered through Northwestern Mutual Investment Services, LLC, 1201 Troy Schenectady Road Latham, NY 12110 (518)785-4141, which is wholly owned by NM and a member of the NASD and SIPC. There may be instances where agents of NM represent companies other than NM or its affiliates.

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