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IN RE FITZGERALD, DE ARMAN & ROBERTS, INC.

Bankruptcy No. 88-01859-W (SIPA), Adv. No. 90-0045-W.

129 B.R. 652 (1991)

In re FITZGERALD, De ARMAN & ROBERTS, INC., Debtor. P. David NEWSOME, Jr., Trustee for the Liquidation of Fitzgerald De Arman & Roberts, Inc., Plaintiff, v. Charles P. CULP, Defendant.

United States Bankruptcy Court, N.D. Oklahoma.

July 16, 1991.

Attorney(s) appearing for the Case

J. Denny Moffett, Conner & Winters, Tulsa, Okl., for trustee.

Charles P. Culp, pro se.

Theodore H. Focht, Gen. Counsel, Securities Investor Protection Corp., Washington, D.C., for SIPC.

ORDER GRANTING PARTIAL SUMMARY JUDGMENT

MICKEY DAN WILSON, Bankruptcy Judge.

Upon consideration of the record in the above-styled adversary proceeding, and in Case No. 88-01859-W In re Fitzgerald, De Arman & Roberts, Inc., the Court determines, concludes and orders as follows.

On June 28, 1988, the Securities Investor Protection Corporation ("SIPC") filed its application for a protective decree, commencing

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