Appointment Of A SI PC Trustee

On January 31, 1994, the Securities Investor Protection Corporation (SIPC) instituted a direct payment procedure for:

McCarley and Associates, Inc.
242A South Pleasantburg Drive
Greenville, SC 29606

Questions regarding the firm should be directed to SIPC:

Securities Investor Protection Corporation
805 Fifteenth Street, N.W.
Ste. 800
Washington, DC 20005-2207
(202) 371-8300

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 the above procedures to close out transactions in municipal securities.