From: Steve Buchwalter
Sent: July 13, 2005
Subject: File No. SR-NASD-2005-079

Please accept this as my comment on the NASD's proposed code revision.

My name is Steve Buchwalter. I am an attorney at the Law Offices of SteveBuchwalter, P.C. and have represented parties in over 500 NASD proceedings.

I have read the PIABA comment letter and support it's position.


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