From: Jeremy B. Chalmers
Sent: May 16, 2006
Subject: File No. SR-NASD-2003-158

Dear Sirs:

I write to respectfully object to the NASD's request for Accelerated Approval of Rule Filing SR-NASD-2003-158.

An informed decision on a significant rule change requires all available information. A public comment period would provide a great deal of information.

Jeremy B. Chalmers
Mars, Mars and Chalmers
507-A Center Avenue
Post Office Box 612
Philadelphia, MS 39350
Phone: 601-656-2152
Fax: 601-656-1186