From: Anonymous
Sent: Tuesday, August 15, 2006 3:52 PM
To: Rule-Comments
Subject: SR-NASD-2004-183

I am a financial consultant with licenses to sell variable annuities as well as other types of securities. I am wrting regarding the suitability standards and principal review requirements in the prosposed Rule 2821. I urge the SEC to reject this proposal. I have been in this business over 15 years and adhere to strict suitability guidelines in the sale of all securities. There are already adequate suitability and supervision requirements which apply to variable annuities and other securities and these existing rules need only be enforced. I for one, support aggressive prosecution of unethical financial advisors, who choose to ignore the best interests of their clients. However, more and more redundant regulations are not the solution. Furthermore, there is no data from the NASD or SEC showing a problem in this area. As a matter of fact, unsuitable sale of variable annuities accounted for less than 1/2 of 1% of the NASD complaints and disciplinary action over the last five years. Given all the above, I once again urge the SEC to reject the proposed rule 2821.

Sincerely, Lourdes G. Vila