The following Letter Type B, or variations thereof, was submitted by individuals or entities.

Letter Type B:

Secretary
Securities and Exchange Commission
Washington D. C. Via email _rule-comments@sec.gov
Re: SR-NASD-2003-158

Dear Sir:
On May 4, 2006 the NASD stated on its website that it had filed Amendment No. 5 to the code rewrite, Filing 2003-158. The NASD has requested accelerated approval by the SEC.

This filing includes substantial changes from the last amendment to the rewrite which will materially affect investors.

This is an area of great concern to the public. Investors have virtually no choice other than to arbitrate their disputes with brokers and broker-dealers before the NASD or the NYSE, both of which are industry organizations. To the extent the SEC provides some oversight, it should allow the opportunity for meaningful public comment. I therefore ask that the SEC commence a new comment period to allow public input on this important new filing.

Thank you for your consideration.

http://www.sec.gov/rules/proposed/s70306/nasd2003158typeb.htm