From: Joseph C. Peiffer
Sent: May 15, 2006
Subject: File No. SR-NASD-2003-158

To whom it may concern:

I am writing to urge the SEC to reject the NASD's request for "Acclerated Approval" of Rule Filing SR-NASD-2003-158 and publish the NASD's proposal for public comment.

Thank you for your time.


Joseph C. Peiffer
Correro Fishman Haygood Phelps
Walmsley & Casteix, L.L.P.
201 St. Charles Ave.
46th Floor
New Orleans, LA 70170-4600
(504) 586-5259 (direct)
(504) 586-5250 (fax)