From: Steven Sherman
Sent: May 15, 2006
Subject: File No. SR-NASD-2003-158

Dear Sir/Madam:

I write to request the SEC reject the NASD's request for accelerated approval of the above-mentioned proposed rule. Members of the public should be given an opportunity to comment on the proposed rule. Thank you.

Steven Sherman

Law Offices of Steven M. Sherman
220 Montgomery Street, Suite 1500
San Francisco, CA 94104
Tel: 415/403-1660
Fax: 415/397-1577