From: Al Van Kampen
Sent: May 15, 2006
To: rule-comments@sec.gov
Subject: File No. SR-NASD-2003-158


Ladies and Gentlemen:

This filing includes substantial changes from the last amendment to the Code or Arbitration Procedure rewrite which will materially affect investors. It is imperative that the SEC deny the NASD's request for accelerated approval without any opportunity for real pubic comment to the new proposal.

Thank you for your consideration.

Al Van Kampen

Al Van Kampen
Rohde & Van Kampen PLLC
1001 Fourth Avenue, Suite 4050
Seattle, Washington 98154
tel: (206) 441-1121
fax: (206) 405-2825
avk@rohdelaw.com