From: Wayne M. Josel
Sent: May 15, 2006
To: rule-comments@sec.gov
Subject: File No. SR-NASD-2003-158


I am writing to request that the SEC request the NASD’s request for “Accelerated Approval” of the above-reference rule filing.

As an attorney whose practice is concentrated in representing parties in securities arbitrations, it is simply unacceptable that the SEC would consider granting approval to something as important as a new Code of Arbitration Procedure without affording those affected by it an opportunity to comment on the merits of the proposals.

Wayne M. Josel

KAUFMANN, FEINER, YAMIN,
GILDIN & ROBBINS, LLP
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