SIPC Trustee Appointed for Investors Center, Inc.

*These are suggested departments only. Others may be appropriate for your firm.

On March 7, 1989, the United States District Court for the Eastern District of New York appointed a SIPC Trustee for:

Investors Center, Inc.
110 Ricefield Lane
Hauppauge, NY 11788

Members may use the "immediate close-out" procedures provided for in Section 59(i) of the NASD's Uniform Practice Code to close out open OTC contracts with this firm. Also, Municipal Securities Rulemaking Board Rule G-12(h)(iv) provides that members may use identical procedures to close out transactions in municipal securities.

Questions should be directed to the SIPC Trustee:

Irving R. Picard, Esq.
Olshan Grundman & Frome
505 Park Avenue, 16th Floor
New York, NY 10022
(212) 753-7200

Previously, Mr. Picard had been appointed Temporary Receiver.