Securities and Exchange Commission, and John P. Shelton, Esq. Approximately 156 Aci Investors Aci Investors Protective Association William Shaw v. American Capital Investments, Inc.

99 F.3d 1146 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. SECURITIES AND EXCHANGE COMMISSION, Plaintiff, and John P. Shelton, Esq.; Approximately 156 ACI Investors; ACI Investors Protective Association; William Shaw, Appellants, v. AMERICAN CAPITAL INVESTMENTS, INC., Defendant-Appellee. No. 95-56705. United States Court of Appeals, Ninth Circuit. Argued and Submitted Aug. 6, 1996. Decided Oct. 22, 1996. Before: FLETCHER and TASHIMA, Circuit Judges, and RESTANI, * Court of International Trade Judge. MEMORANDUM ** This is an appeal from an order refusing to disqualify a receiver and, purportedly, to terminate and wind up a district court receivership proceeding ("Disqualification Order"). The receivership was part of an SEC civil enforcement action. Appellants are defrauded investors ("appellants" or "Investors") in the receivership defendant, American Capital Investments, Inc. ("ACI"). Appellee was Richard G. Shaffer ("Shaffer"), the court-appointed receiver for ACI…