From: Elizabeth Zeck
Sent: May 16, 2006
Subject: File No. SR-NASD-2003-158

Re: Proposed Code of NASD Arbitration Procedure & Opportunity to Comment

I understand that NASD has filed its 5th amendment to the proposed Code of Arbitration Procedure, and that it has requested expedited (accelerated) approval. In view of the millions of investors this Proposed CAP could impact, it is ABSOLUTELY imperative that the public have an opportunity to carefully review it and comment on it, prior to SEC taking any action. Depriving the public of an opportunity to participate in the rule-making process could cause irreparable harm to the millions whom this CAP might affect and would be totally unacceptable

Please note that effective 5/1/2006 our address has changed to 930 Richland Street, Columbia, SC 29201. Our telephone number will remain 803 252-3300. My primary fax number will be (803) 771-2410.

Elizabeth Zeck, Esquire
Willoughby & Hoefer, P.A.
930 Richland Street
Post Office Box 8416
Columbia, South Carolina 29202
Telephone #: (803) 252-3300
Facsimile #: (803) 256-8062 / 771-2410
E-mail address: