From: Joel Davidson [JDavidson@davidsonfirm.com]
Sent: Friday, May 21, 2004 7:31 PM
To: rulecomments@sec.gov
Subject: SR NASD-2003-163

I am in favor of the proposed rule. I believe it will expedite and simplify the 
process.  Many pre-hearing conferences are aborted because papers submitted by 
one party are not received by the Panel.  The new rule would limit this problem 
and/or permit faxing of a missing document to the panel or the person on the 
panel missing the document, saving everyone time and money.

Thank you for the opportunity to comment on this rule.



Joel E. Davidson, Esq.

DAVIDSON & GRANNUM, LLP

207 Washington Street

Northvale, NJ 07647



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