UNITED STATES
                       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): April 27, 2007


                        Investors Capital Holdings, Ltd.
             (Exact name of registrant as specified in its charter)



         Massachusetts                1-16349                04-3284631
 (State or Other Jurisdiction       (Commission            (IRS Employer
       of Incorporation)            File Number)         Identification No.)



                                230 Broadway East
                               Lynnfield, MA 01940
               (Address of Principal Executive Offices) (Zip Code)

       Registrant's telephone number, including area code: (800) 949-1422



Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] (Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)

[ ] (Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[ ] (Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

[ ] (Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))





Item 2.02  Results of Operations and Financial Condition.

On April 27, 2007 the Registrant issued a press release, a copy of which is set
forth in Exhibit 2.02 hereto, announcing information concerning performance of
the Registrant's Investors Capital Advisory Services division for the fiscal
quarter and year ended March 31, 2007.


                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                         Investors Capital Holdings, Ltd.

                                         By: /s/ Ted Charles
                                             -----------------------------------
                                             Ted Charles, President

Date:  May 1, 2007