Exhibit 32.2



                                  Exhibit 32.2

                                  CERTIFICATION


I, Timothy B. Murphy,  certify that this report on Form 10-Q 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: August 12, 2005

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