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Q Did you suggest that your clients consult with
others who were plastics experts?
A No. I told them that I was investing and that it
seemed like a sound investment to me, and if they were
interested they could participate as well.
Q Did you recommend the investment?
A To the extent that I just stated.
Feinstein was asked what his recollection was regarding the
nature "of the recommendation and how it was presented by Mr.
Alter". He replied: "It is my recollection and based on how I
was and he was with clients, that it was a possible investment.
He thought it would work for them and would work as an investment
with no--no pressure at all. * * * Most certainly not
pressure."
Just as Alter mentioned but did not "recommend" the Plastics
Recycling transactions to his clients, there is no showing in
docket No. 6302-89 that any of the Shea & Gould partners
recommended or advised that Alter invest in Poly Reclamation.
Feinstein claimed that he came to a positive conclusion with
respect to the soundness of the Plastics Recycling transactions
and that he communicated this conclusion to Alter. Yet, as Alter
well knew, Feinstein did not personally invest in a Plastics
Recycling transaction, nor did his friend Lauren.
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