ÿþ<html> <head> <title>NEBS Financial Trustee - Liquidation Information</title> <link rel="stylesheet" href="nft.css" type="text/css"> <meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1"></head> <!-- #6699cc --> <body> <div align="center"> <table width="600" cellpadding="10" cellspacing="0" border="0" bgcolor="#ffffff"> <tr><td class="text"> <h2>NEBS Financial Trustee, Inc. - Liquidation Information</h2> <!--<p>test data here NEBS Financial Services, Inc. ("NEBS Financial" or the "Debtor") was a broker/dealer that administered 401(k) and 403(b) plan contributions received from participants, and directed those funds to the investment providers chosen by the participants. The Debtor was headquartered in Cleveland, Ohio. NEBS Financial was a registered broker-dealer with the Securities and Exchange Commission and a member of the Securities Investor Protection Corporation ("SIPC"), the non-profit corporation created to protect customers to the extent permitted by the federal Securities Investor Protection Act ("SIPA").</p>--> <!--<p>On November 30, 2004, the Debtor and companies affiliated with the Debtor, namely, NEBSOnline, Inc., NEBS Agency, Inc., and National Employee Benefit Services, Inc., filed voluntary petitions for relief under chapter 7 of the federal Bankruptcy Code. Lauren A. Helbling is chapter 7 trustee for the estates of NEBSOnline, NEBS Agency, and National Employee Benefit Services.</p>--> <!--<p>When a brokerage firm is closed due to bankruptcy or other financial difficulties, SIPC intervenes and works to return customers' cash, stock, and other securities within statutory limits specified under SIPA. Accordingly, shortly after NEBS Financial filed for bankruptcy protection, it was placed in liquidation under SIPA. Donald H. Messinger is the trustee appointed by the Court (the "SIPA Trustee") to administer the liquidation of NEBS Financial. Beginning on the date of his appointment, the SIPA Trustee began an investigation into the facts and circumstances leading to the failure of NEBS Financial.</p>--> <!--<p>On August 20, 2008, the SIPA Trustee filed his investigatory and final report and account (the "Final Report") outlining the results of his investigation into the failure of NEBS Financial. The <a href="http://www.nebsfinancialtrustee.com/8-20 Trustee's Final Report.pdf">Final Report</a> describes the major events occurring during the administration of the Debtor's estate. It provides a detailed account of the SIPA Trustee's investigation of the Debtor, including the Debtor's business operations and the events leading to its failure and liquidation. The report also discusses the principal actions taken by the SIPA Trustee to liquidate the Debtor and details the assets collected by the SIPA Trustee during the course of the liquidation. The SIPA Trustee sets forth remaining matters of estate administration that require completion prior to the time he is discharged and the case is closed.</p>--> <p>NEBS Financial Services, Inc. ("NEBS Financial" or the "Debtor") was a broker/dealer, headquartered in Cleveland, that administered 401(k) and 403(b) plan contributions received from participants, and directed those funds to the investment providers chosen by the participants. NEBS Financial was a member of the Securities Investor Protection Corporation ("SIPC"), the non-profit corporation created to protect customers to the extent permitted by the federal Securities Investor Protection Act ("SIPA").</p> <p>On November 30, 2004, the Debtor and its affiliated companies filed voluntary petitions for relief under chapter 7 of the federal Bankruptcy Code. Lauren A. Helbling is chapter 7 trustee for the estates of NEBSOnline, Inc., NEBS Agency, Inc., and National Employee Benefit Services, Inc.</p> <p>Shortly after NEBS Financial filed for bankruptcy protection, it was placed in liquidation under SIPA. Donald H. Messinger was appointed by the Court to serve as trustee (the "SIPA Trustee") for the administration of the liquidation of NEBS Financial. As of February 5, 2009, NEBS Financial s liquidation proceeding has been fully administered.</p> <p>On August 20, 2008, the SIPA Trustee filed his investigatory and final report and account (the "Final Report") outlining the results of his investigation into the failure of NEBS Financial. On February 5, 2009, the United States Bankruptcy Court for the Northern District of Ohio entered its final Order discharging the SIPA Trustee and closing the case.</p> <!--<h3>Customer Claims</h3> <p>In September 2007, the SIPA Trustee completed and closed the claims determination and satisfaction process. During the NEBS Financial liquidation proceeding, the SIPA Trustee paid a total of $953,622.10 to 1,382 claimants from across the nation with funds advanced by SIPC. The statutory deadline for submitting claims was September 7, 2005, and neither the SIPA Trustee nor the Court has any ability to grant extensions to file a claim beyond that deadline.</p> <p>For more information on SIPA coverage limits, please see the website of SIPC, particularly the following link:</p> <p><a href="http://www.sipc.org/how/covers.cfm">http://www.sipc.org/how/covers.cfm</a></p> <strong>If I need to communicate with the SIPA Trustee, how may I do so?</strong> <p>All inquiries and correspondence should be directed to the SIPA Trustee?s mailing address, which is as follows:</p> <p>SIPA Trustee for the Liquidation of NEBS Financial Services, Inc.<br> 3900 Key Center<br> 127 Public Square <br> Cleveland, OH 44114-1291 </p> <p><strong>How may I learn of further developments?</strong></p> <p>The SIPA Trustee will update this website as appropriate, and he will communicate all important developments, court decisions, and deadlines in a timely manner. In addition, if you have specific questions, you may call the SIPA Trustee&rsquo;s hotline at <strong>216.566.5667</strong>. Please leave a message, and we will return your call at our earliest opportunity.</p> --> <h3>Court Filings and Orders</h3> <p><a href="http://www.nebsfinancialtrustee.com/8-20 Trustee's Final Report.pdf">Trustee's Final Report August 20, 2008 (PDF)</a></p> <p><a href="http://www.nebsfinancialtrustee.com/FinalOrderClosingCaseFebruary5_2009.pdf">Final Order Closing Case February 5, 2009 (PDF)</a></p> <!--<p><a href="http://www.nebsfinancialtrustee.com/8-20-08 Final Motion.pdf">Final Motion August 20, 2008 (PDF)</a></p> <p><a href="http://www.nebsfinancialtrustee.com/SIPA6.pdf">Sixth Interim Report of SIPA Trustee for the Period from May 9, 2006, through November 9, 2007 (PDF)</a></p> <p><a href="http://www.nebsfinancialtrustee.com/SIPA5.pdf">Fifth Interim Report of SIPA Trustee for the Period from November 8, 2006, through May 8, 2007 (PDF)</a><br> <br> <a href="http://www.nebsfinancialtrustee.com/SIPA4.pdf">Fourth Interim Report of SIPA Trustee for the Period from May 7, 2006, through November 7, 2006 (PDF)</a><br> <br> <a href="http://www.nebsfinancialtrustee.com/SIPA3.pdf">Third Interim Report of SIPA Trustee for the Period from November 6, 2005, through May 6, 2006 (PDF)</a><br> <br> <a href="http://www.nebsfinancialtrustee.com/SIPA2.pdf">Second Interim Report of SIPA Trustee for the Period from May 5, 2005, through November 5, 2005 (PDF)</a><br> <br> <a href="http://www.nebsfinancialtrustee.com/SIPA.PDF">First Interim Report of SIPA Trustee for the Period from December 3, 2004, through May 4, 2005 (PDF)</a><br> <br> <a href="http://www.nebsfinancialtrustee.com/ORDER.PDF">Order Appointing Donald H. Messinger as Trustee (PDF)</a> <br> <br> Click to download the latest version of <a href="http://www.adobe.com/products/acrobat/readstep2.html">Adobe Acrobat Reader</a>.</p> <h3>Other Items</h3> <p><a href="http://www.nebsfinancialtrustee.com/publishednoticecommencement.pdf">Published Notice of Commencement of Liquidation Proceeding (PDF)</a> - March 7, 2005 <br> <br> <a href="http://www.nebsfinancialtrustee.com/press_release.pdf">Press Release (PDF)</a> - February 1, 2005<br> <br> Click to download the latest version of <a href="http://www.adobe.com/products/acrobat/readstep2.html">Adobe Acrobat Reader</a>.<br> <br> Other pleadings involving NEBS Financial Services can be accessed from the website of the U.S. Bankruptcy Court for the Northern District of Ohio by performing a case search under adversary proceeding number 04-1648. <a href="http://www.ohnb.uscourts.gov">http://www.ohnb.uscourts.gov/</a> (see case information &gt; public access)<br> <br> As noted above, Lauren A. Helbling has been separately appointed as the Chapter 7 Trustee for the consolidated bankruptcy cases of National Employee Benefit Services, Inc., NEBSOnline, Inc., and NEBS Agency, Inc., in case number 04-25216.</p> <h3>Further Information</h3> <p><strong>About the Trustee</strong> <p>Donald H. Messinger is the SIPA Trustee appointed by the U.S. Bankruptcy Court for the Northern District of Ohio to conduct the liquidation of NEBS Financial Services, Inc. Messinger is a partner in the law firm of <a href="http://www.thompsonhine.com">Thompson Hine LLP</a>. He practices in the firm's Corporate Transactions &amp; Securities practice group, focusing on matters of public and closely held businesses, mergers and acquisitions, public offerings of securities, finance, leveraged buyouts, and nonprofit corporations. Don has been a member of the firm's Executive Committee and before that served as Partner-In-Charge of the firm's Cleveland office. <p><strong>About the</strong> <a href="http://www.sipc.org">Securities Investor Protection Corporation</a></p> <!--<p>When a brokerage firm is closed due to bankruptcy or other financial difficulties, the Securities Investor Protection Corporation steps in as quickly as possible and, within certain limits, works to return cash, stock and other securities to those having valid claims against the firm. Without SIPC, investors at financially troubled brokerage firms might lose their securities or money forever or wait for years while their assets are tied up in court.<br> <br> From its creation by Congress in 1970 through December 2004, SIPC has advanced $570 million in order to make possible the recovery of $14.2 billion in assets for an estimated 624,000 investors.&nbsp; Although not every investor is protected by SIPC, the vast majority of persons who are eligible have been made whole in failed brokerage firm cases to date.</p>--> <h3>Further Information</h3> <p>When a brokerage firm is closed due to bankruptcy or other financial difficulties, the Securities Investor Protection Corporation steps in as quickly as possible and, within certain limits, works to return cash, stock and other securities to those having valid claims against the firm.</p> Click to view a brochure issued by the SIPC, entitled <a href="http://www.nebsfinancialtrustee.com/SIPC_Brochure.pdf">How SIPC Protects You (PDF)</a> or to access the site in <a href="http://www.sipc.org/espanol">Spanish (Espanol)</a>. <p>For more information on SIPA coverage limits, please see the website of SIPC, particularly the following link:</p> <a href="http://www.sipc.org/how/covers.cfm">http://www.sipc.org/how/covers.cfm</a> </table> </div> <script src="http://www.google-analytics.com/urchin.js" type="text/javascript"> </script> <script type="text/javascript"> _uacct = "UA-383239-3"; urchinTracker(); </script> </body> </html>