FINRA Manual: Contents
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92-44 Appointment of a SIPC Trustee for Two Firms
Legal & Compliance
*These are suggested departments only. Others may be appropriate for your firm.
On July 6, 1992, the Securities Investor Protection Corporation (SIPC) instituted a Direct Payment Procedure for:
Alison Baer Securities, Inc.
Boca Raton, FL 33481-1015.
Questions regarding the firm should be directed to SIPC:
Securities Investor Protection Corporation
805 15th Street, NW, Suite 800
Washington, DC 20005-2207
On July 9, 1992, the United States District Court for the Southern District of New York appointed Lee S. Richards, III, Esquire, Richards Spears Kibbe & Orbe Trustee for:
W.H. Farr & Co., Inc.
20 Exchange Place New York, NY 10005.
Questions regarding the firm should be directed to SIPC Trustee:
Lee S. Richards, III, Esquire
Richards Spears Kibbe & Orbe
New York, NY 10005
Members may use the "immediate close-out" procedures as provided in Section 59(i) of the NASD's Uniform Practice Code to close out open over-the-counter contracts. Also, Municipal Securities Rulemaking Board Rule G-12(h) provides that members may use above procedures to close out transactions in municipal securities.