From: Robert K. Savage, Esq.
Sent: May 16, 2006
Subject: File No. SR-NASD-2003-158

Re: SR-NASD-2003-158

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.
I refer to Filing 2003-158.

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.
The Savage Law Firm, P.A.
633 North Franklin Street, Suite 501
Tampa, FL 33602
813.251.4890 phone
813.354.4561 fax email