Exhibit 32.2

                                  CERTIFICATION


I, Timothy B. Murphy, certify that this report on Form 10-K fully complies with
the requirements of section 13(a) or 15(d) of the Securities Exchange Act of
1934 and that information contained in this report fairly presents, in all
material respects, the financial condition and results of operations of
Investors Capital Holdings, Ltd.


Date: June 29, 2005

By: /s/ Timothy B. Murphy
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Timothy B. Murphy, Executive Vice President,
Treasurer, Chief Financial Officer and Director