UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 42765 / May 8, 2000
Administrative Proceedings
File No. 3-10150
__________________________________________
In the Matter of
ORDER MAKING FINDINGS,
ALL-TECH DIRECT, INC., f/k/a ALL-TECH IMPOSING REMEDIAL
INVESTMENT GROUP, INC., SANCTIONS AND ISSUING
HARRY LEFKOWITZ, MARK SHEFTS, CEASE-AND-DESIST ORDER
LISA ESPOSITO, RALPH ZULFERINO, DAVID AGAINST BARRY PARISH
WALDMAN, ADAM LEEDS, and
BARRY PARISH,
Respondents.
__________________________________________
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., Harry Lefkowitz, Mark Shefts,
Lisa Esposito, Ralph Zulferino, David Waldman, Adam Leeds, and Barry
Parish ("Parish").
II.
Parish 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 him and over the subject matter of
these proceedings, which are admitted, Parish consents to the entry of
the findings, a cease-and-desist order, and the imposition of the
remedial sanctions set forth herein.
III.
On the basis of this Order and the Offer submitted by Parish, the
Commission finds that
SNIPPETS:
SECURITIES AND EXCHANGE COMMISSION
ALL-TECH DIRECT, INC., f/k/a ALL-TECH IMPOSING REMEDIAL
LISA ESPOSITO, RALPH ZULFERINO, DAVID AGAINST BARRY PARISH
On February 22, 2000, the Securities and Exchange Commission instituted public administrative
Solely for the purpose of these proceedings and any other proceeding brought by or on behalf
, 46, resides in San Diego, California and was the branch manager of All-Tech Direct, Inc.,
All-Tech offers day-trading services to customers through twenty-one branch offices
UNLAWFUL EXTENSION OF MARGIN CREDIT
Throughout 1998, when the equity in certain customer margin accounts fell below the minimum
All-Tech should not have supplied those customers with additional extensions of credit.
Specifically, from in or about April through September 1998, while Leeds was an associated
By reason of the foregoing, All-Tech willfully violated Section 7of the Exchange Act in that
On the basis of the foregoing, the Commission deems it appropriate and in the public interest
Parish cease and desist, pursuant to Section 21C of the Exchange Act, from causing any
Parish shall, within thirty days of the entry of this Order, pay a civil money penalty in the
Such payment shall be made by United States postal money order, certified check, bank
r letter and money order or check shall be sent to Mark Danzi, Staff Attorney, Northeast Regional
Parish be, and hereby is, suspended from association with any broker or dealer for a period
Parish be, and hereby is, suspended from association in a supervisory capacity with any
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