UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 44418 / June 13, 2001
Administrative Proceedings
File No. 3-10150
_________________________________________________________________
In the Matter of
ALL-TECH DIRECT, INC., f/k/a ALL-TECH
INVESTMENT GROUP, INC.,
HARRY LEFKOWITZ, MARK SHEFTS,
LISA ESPOSITO, RALPH ZULFERINO,
DAVID WALDMAN, ADAM LEEDS, and
BARRY PARISH
Respondents.
_________________________________________________________________
ORDER MAKING FINDINGS
IMPOSING REMEDIAL
SANCTIONS AND ISSUING
CEASE-AND-DESIST ORDER
AGAINST LISA ESPOSITO
I.
On February 22, 2000, the Securities and Exchange Commission
("Commission") instituted public administrative and cease-and-desist
proceedings pursuant to Sections 15(b) and 21C of the Securities
Exchange Act of 1934 ("Exchange Act") against All-Tech Direct, Inc.
f/k/a All-Tech Investment Group, Inc. ("All-Tech"), Harry Lefkowitz
("Lefkowitz"), Mark Shefts, Lisa Esposito ("Esposito"), Ralph
Zulferino ("Zulferino"), David Waldman ("Waldman"), Adam Leeds
("Leeds"), and Barry Parish.
II.
Esposito has submitted an Offer of Settlement ("Offer"), which the
Commission has determined to accept. Solely for the purpose of these
proceedings and any other proceeding brought by or on behalf of the
Commission, or in which the Commission is a party, and without
admitting or denying the findings contained herein, except for the
jurisdiction of the Commission over her and over the subject matter of
SNIPPETS:
SECURITIES AND EXCHANGE COMMISSION
ALL-TECH DIRECT, INC., f/k/a ALL-TECH
INVESTMENT GROUP, INC., HARRY LEFKOWITZ, MARK SHEFTS, LISA ESPOSITO, RALPH ZULFERINO,
ORDER MAKING FINDINGS IMPOSING REMEDIAL SANCTIONS AND ISSUING CEASE-AND-DESIST ORDER AGAINST
On February 22, 2000, the Securities and Exchange Commission instituted public administrative
On the basis of the foregoing, Respondent Esposito hereby
Esposito, 34, is, and was during the relevant period, employed by All-Tech Direct, Inc. f/k/a
All-Tech, is, and was during the relevant period, a broker-dealer registered with the
All-Tech offers day-trading services to customers through its principal office and twenty-one
Shefts owns two percent of All-Tech directly and another 48 percent indirectly through his
Throughout 1998, when the equity in certain margin accounts held by day-trading customers
The customers who received these loans could not otherwise cover the margin calls issued by
Regulation T prohibited All-Tech from supplying those customers with additional extensions of
Before making any loans from the Waldman or Z-Tech accounts, All-Tech required each customer
Rule 10b-16 promulgated under the Exchange Act by directly or indirectly extending credit in
the balance at the beginning of the period; the date, amount and a brief description of each
Q. By reason of the foregoing, Esposito willfully aided and abetted, and was a cause of,
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