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Technology Stocks : shopping.com (IBUY)

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To: Arcane Lore who wrote (89)	5/14/1999 8:29:00 AM
From: Arcane Lore	Read Replies (3) of 435

Judge Finds Ex-Brokerage Chief Manipulated Shopping.com Stock By a WALL STREET JOURNAL Staff Reporter LOS ANGELES -- A federal judge found that a former brokerage-firm president, Cery B. Perle, manipulated the stock of one of his firm's clients, Shopping.com, an Internet retailer. The ruling by Judge Dickran Tevrizian came in response to a suit filed by the U.S. Securities and Exchange Commission against Mr. Perle, who was president and part owner of the now-defunct Irvine, Calif., brokerage firm Waldron & Co. The judge issued an injunction against Mr. Perle and imposed $110,000 in penalties. Mr. Perle Thursday denied any wrongdoing. He said he hadn't had adequate funds to defend himself against the SEC charges and plans to appeal the judge's decision. ... Thursday, SEC attorney Clifford Hyatt said the investigation is continuing. ... interactive.wsj.com

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