Fed. Sec. L. Rep. P 99,039

76 F.3d 388 Fed. Sec. L. Rep. P 99,039 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. SECURITIES INVESTOR PROTECTION CORPORATION, Plaintiff, and Eugene W. Bell, Trustee for the Liquidation of Joseph Sebag, Inc., & Nicholas E. Christian * , Second Successor Trustee for the Liquidation of First State Securities Corporation, Plaintiffs-Appellants, v. Robert G. HOLMES, Jr.; Aero Systems, Inc.; Habers, Inc.; Haberico Inc.; Habers, Inc. Defined Benefit Pension Trust, Defendants-Appellees, and Seymour Vigman & Nettie Vigman; Martin Blumenthal, Defendants. 1 No. 94-56468. 2 United States Court of Appeals, Ninth Circuit. Argued and Submitted Dec. 12, 1995. Decided Jan. 23, 1996. 3 Before: FARRIS and RYMER, Circuit Judges, and SINGLETON, District Judge ** 4 MEMORANDUM *** 5 Eugene W. Bell and Nicholas E. Christian, as Trustees of First State Securities Corp. (FSSC) and Joseph Sebag, Inc. (Sebag) pursuant to the Securities Investor Protection Act (SIPA), 15 U.S.C.…