Subject: File No. SR-NASDAQ-2006-013
From: Donald J Alschuler, CPA
Affiliation: Board Member of serval Non-Profit organizaions

December 21, 2006

The changes proposed will reduce the transparancy of what is taking place. This change will work to the disavantage of the small investor and work to the advance of the big investment houses.The big houses will make more money on the spreads to the disavantage of others.

Less transparency will subject small investors and direct on line investors to dealing blindly.

This is bad policy.

Thank you