TO: All NASD Members

ATTN: Operations Officer, Cashier, Fail-Control Department

On January 23, 1984, the United States District Court for the Southern District of New York appointed a SIPC Trustee for the above captioned firm.

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.

I M P O R T A N T

Officers * Partners * Proprietors

TO: All NASD Members and Other Interested Persons

During the past year, the Association has taken an active role in attempting to assist members in their obligation to comply with the complex requirements imposed by both the Tax Equity and Fiscal Responsibility Act of 1982 ("TEFRA") and the Interest and Dividend Tax Compliance Act of 1983 (the "Act").

I M P O R T A N T

OFFICERS, PARTNERS AND PROPRIETORS

TO: All NASD Members and Other Interested Persons

SUMMARY

TO: ALL NASD MEMBERS

ATTN: Operations Officer, Cashier, Fail-Control Department

On January 31, 1984, the United States District Court for the District of New Jersey appointed a Temporary Receiver for the above captioned firm.

Court order permits firm to settle open contracts with other broker-dealers. All inquiries regarding the firm should be directed to the Temporary Receiver, as noted below:

Temporary Receiver

TO: ALL NASD MEMBERS

ATTN: Operations Officer, Cashier,, Fail-Control Department

On January 31, 1984, the United States District Court for the Central District of California appointed a SIPC trustee for the above captioned firm.

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:

TO: All NASD Members and Municipal Securities Bank Dealers

ATTN: All Operations Personnel

TO: All NASD Members

ATTN: Operations Officer, Cashier, Fail-Control Department

On February 1, 1984, the United States District Court for the Southern District of New York 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)(iv) provides that members may use the above procedures to close-out transactions in municipal securities.

Questions regarding the firm should be directed to:

TO: All NASD Members and Other Interested Persons

Following is a list of NASD Notices to Members issued during the second quarter of 1983. Requests for copies of any notice should be accompanied by a self-addressed label and may be directed to: NASD Administrative Services, 1735 K Street, N.W., Washington, D.C. 20006.

TO: All NASD Members

Attention: Registration and Trading Departments

TO: All NASD Members

ATTN: Operations Officer, Cashier, Fail-Control Department

On February 13, 1984, the United States District Court for the District of New Jersey appointed a SIPC Trustee for the above captioned firm. Previously, a temporary receiver had been appointed for the firm on January 31, 1984.