From: Jorge A. Lopez, Esquire
Sent: May 15, 2006
Subject: File No. SR-NASD-2003-158

Securities and Exchange Commission

Washington D. C.

Re: SR-NASD-2003-158

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

Dear Sirs,

I understand that On May 4, 2006 the NASD filed its 5th amendment to the proposed Code of Arbitration Procedure, Filing 2003-158, and that it has requested expedited (accelerated) approval. This filing includes substantial changes from the last amendment to the rewrite which will materially affect all investors. In view of the substantial numbers of investors this Proposed Code of Arbitration Procedure might impact, it is absolutely imperative that the public have an ample opportunity to carefully review it and comment on it, prior to SEC taking any action. To deprive the public of this opportunity would be totally unacceptable. The attempt on the part of the NASD to "ram this through" without allowing for comment underscores their disregard for true "Investor Protection" Based on the scores of comment letters already received on the rewrite it is clear that this is an area of great concern to the public. I therefore ask that the SEC commence a new comment period to allow public input on this important new filing.

Thank you for your consideration

Very truly yours,

Jorge A. Lopez, Esquire
Jorge A. Lopez, P.A.
1500 San Remo Avenue
Suite 290
Coral Gables, Florida 33146
Telephone: 305-669-3959
Facsimile: 305-669-3954
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