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

I write in reference to rule filing SR-NASD-2003-158, to urge the SEC to reject the NASD request for accelerated approval of extensive changes to the proposed amendments to the arbitration code. The proposed changes are not insignificant corrections, but represent significant changes that deserve public comment. Indeed the changes are significant enough that a lack of public comment would raise significant concern about the fairness and intent of their adoption.

Kurt Arbuckle
Kurt Arbuckle, P.C.
2700 Post Oak Blvd., Suite 950
Houston, TX 77056
voice: (713) 961-5353
fax: (713) 961-5236