FINRA Manual: Contents
|View Whole Section||Text only||Print Manager||Link|
83-71 Hanover Square Securities Group Inc. 5 Hanover Square New York, New York 10004
TO: ALL NASD MEMBERS
ATTN: Operations Officer, Cashier, Fail-Control Department
On December 15, 1983, the United States District Court for the Southern District of New York appointed a SIPC trustee for the above captioned firm. Previously, a temporary receiver had been appointed for the firm on December 8, 1983.
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 OTC contracts. Also, MSRB Rule G-12 (h)(iv) provides that members may use the above procedures to close-out transactions in municipal securities.
Questions regarding the firm should be directed to:
James W. Giddens, Esquire
Hughes Hubbard & Reed
One Wall Street
New York, New York 10005
Telephone: (212) 943-6500