From: James A. Sigler
Sent: May 15, 2006
Subject: File No. SR-NASD-2003-158

I am writing with respect to the NASD request for Accelerated Approval of its Rule Filing, SR-NASD-2003-158.

This proposed rule affects all public investors, and a comment period is essential.

James A. Sigler

10727 White Oak Ave., Suite 114
Granada Hills, CA 91344