From: Anonymous
Sent: Tuesday, August 15, 2006 3:54 PM
To: Rule-Comments
Subject: SR-NASD-2004-183

I am a licensed insurance professional and variable product salesperson. I am writing to you concerning the suitability standard and principal review requirements pertaining to the sale of variable annuities contained in NASD proposed Rule 2821.

I firmly believe people who engage in misleading sales practices should be aggressively prosecuted and subject to appropriate sanctions. However, in over 20 years in the insurance business, I have only met one (1) person who warranted sanctions. And he got them.

Approving the NASD proposal would be just another step further down the road which has already started in this country:

Everyone in business is bad.
Everyone else is so dumb that he/she has to be protected.

I hope that you will not approve the NASD proposal.