LOM asks Bermuda court to rule on client confidentiality

By David Marchant

19 years ago

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Keywords

Brian Lines HiEnergy Technologies Lines Overseas Management Scott Lines Sedona Software Solutions

SHEP Technologies

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A hearing is scheduled to take place at Bermuda Supreme Court on Friday to determine whether offshore stockbroker Lines Overseas Management Ltd. is allowed to release client records to the SEC in the United States.
The expedited hearing was requested by the LOM group on January 9, 2006 in what appears to be a last-ditch attempt to avoid complying with SEC enforcement subpoenas that were served on it as long as 22 months ago concerning investigations into alleged securities fraud involving shares issued by Sedona Software Solutions Inc. and SHEP Technologies Inc., both of Vancouver, Canada, and HiEnergy Technologies Inc., of Irvine, California.

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