Subject: File No. SR-NASD-2007-023
From: MICHAEL JORDAN
Affiliation: CONTROL OFFICER / SECURITIES INDUSTRY

April 4, 2007

I OPPOSE THIS RULE CHANGE IN IT'S PRESENT STRUCTURE, AS IT IS UNFAIR TO SMALLER NASD MEMBERS. ADDITONALLY, AT LEAST SOME VOTES NECESSARY TO COMPLETE THIS TRANSACTION WERE OBTAINED IN A "RUSHED," AND "HIGH PRESSURE" CAMPAIGN. FINALLY AT LEAST ONE LAWSUIT HAD BEEN FILED TO HALT THIS TRANSACTION.