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89-36 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
Previously, Mr. Picard had been appointed Temporary Receiver.