ROBERT KRESSEL, Bankruptcy Judge
This matter came on for hearing on April 27, 2005, on the Eleventh Application for Interim Compensation and Reimbursement of Expenses for Services Rendered (the "Eleventh Application") of James P. Stephenson, as trustee (the "Trustee") for the liquidation of MJK Clearing, Inc. The Court has jurisdiction over the Eleventh Application pursuant to 15 U.S.C. §§ 78eee(b)(5). Appearances, if any, were as noted on the record. Based upon the Eleventh Application, responsive pleadings, if any, the arguments of counsel, and the record in this case, the Court's findings of facts and conclusions of law, if any, being stated on the record in open court:
IT IS HEREBY ORDERED THAT:
(1) The Trustee is allowed compensation for fees incurred for all matters for the period from November 1, 2004, through February 28, 2005, in the amount of $37,647.00.
(2) The Trustee is authorized to pay himself $33,882.30, which amount represents 90% of the total fees awarded to the Trustee pursuant to the Eleventh Application.
(3) The Trustee shall reserve payment for the remaining $3,764.70 of unpaid total fees awarded to the Trustee pursuant to the Eleventh Application. The Trustee may seek payment of the $3,764.70 holdback at a later time subject to the approval of SIPC.