Subject: File No. SR-NASDAQ-2006-040
From: David H Chun
Affiliation: CEO, Equilar, Inc.

December 8, 2006

I am the CEO of Equilar, a leading provider of executive compensation research solutions. We work with many Nasdaq-listed companies and offer complementary services to those offered by Nasdaq. Based on our discussions with issuers, we hear many positive comments on the services that Nasdaq offers and expect this to enhance competition in the marketplace and lead to an overall positive experience for issuers.