Subject: File No. SR-NASD-2005-101
From: Sergey Rumyantsev
Affiliation: President CEO, NevWest Securities Corporation

December 12, 2006

SR-NASD-2005-101 will hurt more than a few OTC market makers. Do not hesitate to spell this out as your goal.

Consider nationalizing the securities industry.

The burden of compliance with multitude of rules that the regulators enforce arbitrarily and capriciously already seems to outweigh any negative consequences of a state-run monopoly.