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  • 86-8 Brittenum & Associates, Inc. Lafayette Building 525 Louisiana Little Rock, Arkansas 72201

    TO: All NASD Members

    ATTN: Operations Officer, Cashier, Fail-Control Department

    On January 30, 1986, the United States District Court for the Eastern District of Arkansas appointed a SIPC Trustee for the above-captioned firm. Previously on January 28, Richard Smith, Esquire had been appointed a Trustee under Chapter 7 of the Bankruptcy Act.

    Members may use the "immediate close-out" procedures as provided in Section 59(i)(2) 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:

    SIPC Trustee

    James Dowden, Esquire
    Arnold & Grobmyer
    1 Union National Bank Bldg.
    P. O. Box 70
    Little Rock, Arkansas 72203
    Telephone: (501) 376-1171