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To whom it may concern: I oppose the prososal put forth by the NASD for an additional regulatory requirement for the sale of variable annuities. It is my understanding that unsuitable variable annuity sales account for less than .5% of the NASD's disciplianry actions over the last five years. This proposal clearly is unwarranted and shows bias against the use fo these products at a specific point in history where theire usefulness and need is greater than ever, in my opinion. Let the NASD spend it's time adding additional regulation to areas of concern vis a vis historical sales and product misuse and abuse. Very truly yours,
Frank Lavin ********************************************************************** Confidentiality Note: This message and any attachments may contain legally privileged and/or confidential information. Any unauthorized disclosure, use or dissemination of this e-mail message or its contents, either in whole or in part, is prohibited. If you are not the intended recipient of this e-mail message, kindly notify the sender and then destroy it. ********************************************************************** |