From: Stuart Meissner Esq.
Sent: May 15, 2006
Subject: File No. SR-NASD-2003-158

I hereby file my objection to the accelerated approval of the 5th amended filing by the NASD without public comment. As an arbitration practitioner and a former regulator I submit that such important changes to the procedural rules of NASD arbitration should be subject to public comment before any approval.

Stuart Meissner Esq.

The Law Offices of Stuart D. Meissner LLC.,
1372 Broadway, Suite 1402, New York, N.Y. 10018, Phone-212-764-3100, Fax-212-398-8835