Subject: File No. SR-NASD-2003-158
From: William B. Young, Jr.
Affiliation: Attorney, Hooper Weiss, LLC

May 18, 2006

To Whom it May Concern:

Please accept this email comment as my formal request that the SEC reject the NASD's request for "Acclerated Approval" of Rule Filing SR-NASD-2003-158 and instead publish the NASD's proposal for public comment.

This proposed Rule change will have a major impact on countless investors. As such, any proposed change to the Code of Arbitration should be open to comment from those most affected...the investing public.

Thank you for your consideration.