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83-9 Bell & Beckwith 234 Erie Street Toledo, Ohio

TO: All NASD Members

ATTN: Operations Officer, Cashier, Fail-Control Department

On Thursday, February 10, 1983, the United States District Court for the Northern District of Ohio, Western Division, appointed a SIPC Trustee for the above-captioned firm. Previously, a temporary receiver had been appointed for the firm on February 5, 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:

SIPC Trustee

Patrick A. McGraw, Esquire
Fuller & Henry
P.O. Box 1956
Toledo, Ohio 43603
Telephone: (419) 255-8220

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