Complaint: Lawrence D. Isen
All of the SHEP shares Isen held were restricted, because Isen had received them fkom SHEP affiliates in unregistered transactions. Lawrence D. Isen, age 54, resides in San Diego, California. In or around early February 2003, Isen met with two individuals to negotiate an agreement whereby Isen would begin coverage of SHEP in his OTC Journal. The two Affiliates acted on behalf of SHEP in negotiating the agreement with Isen. 9. Isen received the 100,000 SHEP shares into his MarketByte brokerage account on or around that same day. On February 21,2003, Isen published his initial profile on SHEP in the OTC Journal. On February 26,2003, Isen published his second favorable SHEP report, and thereafter, Isen published approximately nine additional positive reports on SHEP in his OTC -4- In these reports, Isen often advised his readers to buy and hold SHEP shares. In the OTC Journal's March 29 report, Isen stated, "[SHEP] is a must own for all microcap investors.
Section: Litigation | Size: 483 kb | Type: pdf | Date: December 19, 2007
sec.gov |
