Subject: File No. SR-NASD-2003-158
From: David P. Meyer, Esq.
Affiliation: Principal, David P. Meyer Associates, Co. LPA

May 16, 2006

To the Securities and Exchange Commission:

I ask the SEC to reject the NASD's request for "Acclerated Approval" of Rule Filing SR-NASD-2003-158. The NASD's proposal should be published for public comment. It is inappropriate for NASD to attempt to bypass the public and, in effect, to amend its prior rule proposal by way of "explanatory text." Such explanatory text is nothing more than a disguised definitional section intended to suggest the meaning of terminology used in the proposed rule. Material of that type is sufficiently important to warrant feedback from those who may have an interest.

Sincerely,

David P. Meyer

David P. Meyer Associates., Co. LPA
401 North Front Street, Suite 350
Columbus, Ohio 43215
(614) 358-3283 (direct)
1-866-827-6537 (toll-free)
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dmeyer@dmlaws.com
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