From: Erwin Cohn
Sent: May 16, 2006
Subject: File No. SR-NASD-2003-158

Secretary, Securities and Exchange Commission
Washington DC

The NASD has filed its fifth amendment to the proposed CAP and has requested accelerated approval. This proposed CAP will obviously impact millions of investors and it is, therefore, imperative that the public have an opportunity to carefully review and comment on the proposed CAP prior to any action taken by the SEC. It is my understanding that you have already received scores of comment letters. To file the proposed CAP without adequate investor input would deprive the public and cause irreparable harm to millions of investors who would be effected. I ask that the SEC commence a new comment period to allow public input on this important new filing.

Thank you for your consideration.

Very truly yours,

Erwin Cohn

Cohn & Cohn
77 W. Washington, Suite 1422
Chicago, IL 60602