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85-65 R. H. Stewart & Co., Inc. 1975 E. Sunrise Blvd., #817 Fort Lauderdale, Florida 33304
TO: All NASD Members
ATTN: Operations Officer, Cashier, Fail-Control Department
On September 30, 1985, the United States District Court for the Southern District of Florida, Miami Division, appointed a SIPC Trustee for the above-captioned firm.
Members may use the "immediate close-out" procedures as provided in Section 59(1) of the NASD's Uniform Practice Code to close out open OTC contracts. Also, MSRB Rule G-12 (h)(iii) provides that members may use the above procedures to close out transactions in municipal securities.
Questions regarding the firm should be directed to:
John R. Camp, Jr., Esquire
Blackwell Walker Gray Powers
Flick and Hoehl
2400 Amerifirst Building
One Southeast Third Avenue
Miami, Florida 33131
Telephone: (305) 358-8880