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IN RE FIRST INTERREGIONAL EQUITY CORP.

Adversary No. 97-2165.

218 B.R. 731 (1997)

In re FIRST INTERREGIONAL EQUITY CORPORATION, Debtor.

United States Bankruptcy Court, D. New Jersey.

November 10, 1997.

Attorney(s) appearing for the Case

McCarter & English by Hayden Smith, Jr., Newark, NJ, for Richard W. Hill, SIPA Trustee for First Interregional Equity Corp.

Securities Investor Protection Corporation by Stephen P. Harbeck, Washington, DC, for Securities Investor Protection Corporation ("SIPC").

Sills Cummis Zuckerman Radin Tischman Epstein & Gross, P.A. by Jack M. Zackin, Andrew H. Sherman, Newark, NJ, for Harrison J. Goldin, Chapter 11 Trustee of First Interregional Advisors Corp.

Cole, Schotz, Meisel, Forman & Leonard, P.C. by Stuart Komrower, Hackensack, NJ, for Official Committee of Unsecured Creditors of First Interregional Advisors Corporation.

Rabinowitz, Trenk, Lubetkin & Tully, P.C. by Jonathan I. Rabinowitz, West Orange, NJ, for Thomas Hessert, Marilyn Hessert, TJH Investment Corporation and TJ Hessert Construction Salaried Employees Trust.

OPINION

ROSEMARY GAMBARDELLA, Bankruptcy Judge.

Presently before this Court are the Motions of both the Chapter 11 Trustee of First Interregional Advisors Corporation ("FIAC") and FIAC's Unsecured Creditors' Committee to intervene in the Security Investors Protection Act of 1970 ("SIPA") proceedings of First Interregional Equity Corporation ("FIEC") with respect to all matters pertaining to the status, allowability, or validity of the claims of investors...

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