UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 44415 / 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, ISSUING
CEASE-AND-DESIST ORDER
AND ORDERING COMPLIANCE
WITH UNDERTAKINGS
AGAINST ALL-TECH DIRECT,
INC., f/k/a ALL-TECH
INVESTMENT GROUP, INC.
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 ("Shefts"), Lisa Esposito ("Esposito"),
Ralph Zulferino ("Zulferino"), David Waldman ("Waldman"), Adam Leeds
("Leeds"), and Barry Parish.
II.
All-Tech has submitted an Offer of Settlement ("Offer"), which the
Commission has determined to accept. Solely for the purpose of these
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, ISSUING CEASE-AND-DESIST ORDER AND
On February 22, 2000, the Securities and Exchange Commission instituted public administrative
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 fourteen
Shefts works in All-Tech's headquarters in Montvale, New Jersey, and resides in Tuxedo Park,
Harry Lefkowitz, 43, is, and was during the relevant period, Vice-President of Operations for
H. 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
The uncollateralized loans that All-Tech made in 1998 from the Z-Tech, Waldman and Leeds
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
All-Tech cease and desist, pursuant to Section 21C of the Exchange Act, from committing or
Within 60 days of the date of this Order, the Commission will select an independent
practices, and procedures designed to achieve compliance with such Margin Regulations;
and, within 120 days of the date the Independent Consultant is retained by All-Tech, the
To further ensure the independence of the Independent Consultant, for the period of
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