From: Laurence S. Schultz
Sent: May 10, 2006
Subject: File No. SR-NASD-2003-158

Jonathan G. Katz, Secretary
Securities and Exchange Commission
Washington D. C.

Via email

Re: SR-NASD-2003-158

Dear Sir:

On May 4, 2006 the NASD stated on its website that it had filed Amendment No 5 to the code rewrite, Filing 2003-158,

This filing includes substantial changes from the last amendment to the rewrite which will materially affect investors.

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

Laurence S. Schultz

Laurence S. Schultz
Driggers Schultz and Herbst
2600 West Big Beaver Road Ste 550
Troy, Michigan 48084
248 649 6000
fax 649 6442