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): August 20, 2008

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 5.02 Departure / Appointment of Officers.

On August 20, 2008, the Board of Directors of Investors Capital Holdings, Ltd. (“ICH”) elected Timothy B. Murphy as President and Chief Executive Officer of ICH. Theodore E. Charles, who had been serving as President and Chief Executive Officer, will continue as Chairman of the Board of Directors.

Age 43, Mr. Murphy has served as a director of ICH since July 1995. A founder of ICH, he has served as executive vice president, treasurer and chief financial officer of ICH since its inception, and as president of its subsidiaries, ICC and Eastern Point Advisors, since their respective inceptions. He entered the securities industry in 1991 as an operations manager in the Boston regional office of Clayton Securities. By 1994, he was serving as compliance officer of Baybanks Brokerage and a vice president of G.R. Stuart & Company, another brokerage firm. Mr. Murphy holds various securities licenses including series 4, 7, 24, 27, 53, 63 and 65.

Pursuant to ICH’s By-Laws, all ICH officers serve as such at the pleasure of the Board of Directors.

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/ Timothy B. Murphy                              
                                                                                                              Timothy B. Murphy, President and CEO

Date: August 21, 2008