From: Stephen David Murakami, Esq.
Sent: May 16, 2006
Subject: File No. SR-NASD-2003-158

Dear Sirs:

This is to register my request that the SEC unequivocally reject the NASD’s request for an Accelerated approval of Rule Filing SR-NASD 2003 158 and publish the NASD’s proposal. Your approval of the NASD’s request would cause a most grave injustice to the Investing Public that the SEC is charged with protecting.

Thank you.

Stephen David Murakami, Esq.

Stephen David Murakami, Esq.
50 Jericho Turnpike, Suite 201
New York, New York 11753
Tel: (516) 876-4213
Fax: (516) 876-6906