From: Rhonda Matthews
Sent: June 30, 2006
Subject: File No. SR-NASD-2004-183

I am a member of FSI, I have worked in the securities industry since 1992. My current firm is RaymondJames Financial Services, this firm and myself are very concerned about the new proposal for monitoring/ruling Variable Annuity sales.

Creating new rules, new books and more unnecessary overnight is just going to complicate the problem. The fact that it is thought that a whole separate suitability be provided for VAs is outrageous. The only other investments that requires this additional set or rules are things like futures and commodities!!!!

Why not just enforce the current rules? The current rules are adequate, some firms have not done a good job of following them and more oversight on these current rules would solve 90% of the problems that the government thinks needs a whole new set or rules going!

I am a series 24 branch manager, I have worked in this industry long enough to know that these extra steps never work, just enforce what we have!

Thanks for your time.

Rhonda Matthews