SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) JUNE 4, 2003
DETWILER, MITCHELL & CO.
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(Exact name of registrant as specified in its charter)
DELAWARE 0-12926 95-2627415
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(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification No.)
incorporation or
organization)
225 FRANKLIN STREET
BOSTON, MA 02110
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 617-451-0100
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ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE
Effective June 4, 2003, National Financial Services ("NFS"),
the clearing agent for Fechtor, Detwiler & Co., Inc., principal
wholly owned subsidiary of Detwiler, Mitchell & Co., reduced the
net capital NFS requires from $750,000 to $500,000 for all
periods subsequent to June 4, 2003.
According to its last Focus Report filed with the National
Association of Securities Dealers, Fechtor Detwiler had net
capital of $926,000 at April 30, 2003, an increase of $131,000 or
16%, from the reported net capital at March 31, 2003.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
DETWILER, MITCHELL & CO.
(Registrant)
June 6, 2003 /s/ James K. Mitchell
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Date James K. Mitchell
Chairman and Chief Executive Officer
June 6, 2003 /s/ Stephen D. Martino
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Date Stephen D. Martino
Chief Financial Officer and
Principal Accounting Officer
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