Subject: File No. SR-NASD-2006-113
From: James J Pope
Affiliation: Project manager, telecommunications industry

February 24, 2007

I believe this rule change is ill-advised and will have long-term negative consequences for capital formation, small business start-up funding and the free-flow of investment information for individual investors and venture capital firms.
Please do not implement this rule before submitting it to a panel of small business experts and academics specialized in small business formation. Such an in-depth analysis and recommendation can more clearly identify and assess the risk to USA economic fdevelopment.

Thank you.