Securities and Exchange Commission v. American Capital Investments, Inc. Stephen J. Murphy Kenneth A. Sorensen Richard D. Otto Adfin Corporation Aci Investors Protective Association, and Approximately 127 Aci (American Capital Investments) Investors, William Shaw v. Richard G. Shaffer, Court Appointed Receiver For

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NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel.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, v. AMERICAN CAPITAL INVESTMENTS, INC.; Stephen J. Murphy; Kenneth A. Sorensen; Richard D. Otto; Adfin Corporation; ACI Investors Protective Association, and approximately 127 ACI (American Capital Investments) Investors, Defendants. William SHAW, Appellant, v. Richard G. SHAFFER, Court Appointed Receiver for Defendant, Appellee. No. 95-55385. 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 ** Appellant William Shaw ("Shaw") appeals from the order of the district court denying him leave to record a grant deed of a fee interest in real property included within an SEC receivership estate ("Reconsideration Order"). We affirm. BACKGROUND Shaw is one of the victims of the fraudulent real estate investment…