From: Robert K. Savage, Esq.
To Whom It May Concern:
The NASD earlier this month indicated on it website that it requested accelerated approval by the SEC of its Amendment No. 5 to the code rewrite.
Because the nature of the NASD's filing includes significant changes that will impact investors in a very real way I ask that the NASD's request for accelerated approval be denied.
Due to the nature of new account agreements with broker-dealers, public investors are unable to have their disputes resolved other than through NASD or NYSE arbitration each of which is an industry organization that may not have the public investor's interests at heart.
Public comment on the NASD's proposed amendment is vital for the SEC before any decision is made to approve or disapprove the proposed amendment.
As such, I hereby request that the SEC establish a comment period that will give the public investor the chance to give their input to Filing 2003-158.
Robert K. Savage, Esq.