From: Steve Buchwalter
Sent: May 15, 2006
To: rule-comments@sec.gov
Subject: File No. SR-NASD-2003-158

I am an attorney who represents public investors in NASD arbitration cases. I have noticed that the NASD has requested accelerated approval for Rule Filing SR-NASD-2003-158.

This is a very important amendment and the persons affected (the public) should have an opportunity to respond.

I urge you to allow public comment on the proposed rule change.

Very truly yours,

Steve Buchwalter
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Steve Buchwalter
Law Offices of Steve A. Buchwalter, P.C.
16133 Ventura Blvd., Ste 560
Encino, CA 91436

(818) 501-8987 Phone
(818) 501-0980 Fax