The NASD has been greeted with another round of letters criticizing its proposals to raise the suitability requirements for those who sell deferred variable annuities. According to Investment News, the agency was bombarded with letters when it first announced the proposals more than 18 months ago. Then in May the NASD filed amendments with the Securities and Exchange Commission, which issued the proposed changes for comment. While the modifications answered some of the criticism of the original amendments, the comment letters received up to the July 19 deadline suggested the NASD hadn’t quite dealt with the concern that the agency already has rules to cover annuities. “We don’t think there’s a need shown for this,” Senior Counsel Gary Sanders of the National Association of Insurance and Financial Advisors told IN.