AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Claimants Carolyn J. Newkirk, Individually, John B. Newkirk, Individually, and John J. Newkirk, Individually, and as Trustee of the JBN Charitable Lead Annuity Trusts Nos. 1,2,3, and 4 and as Trustee of the Newkirk 1995 Irrevocable Life Insurance Trust v. 02-07121 Denver, Colorado Respondents UBS PaineWebber, Inc., Bruce L. Fleet and John Lester Nature

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Edward Bartolett and Jean Bartolett (Claimants) v. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Saul Herbst (Respondents) Case Number: 03-01653 Hearing Site: New York, NY Nature of Dispute: Customers v. Member and Associated Person REPRESENTATION OF PARTIES Claimants Edward Bartolett ("E. Bartolett") and Jean Bartolett ("J. Bartolett") hereinafter collective

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Kevin S. Flannery, (Claimant) vs. Solid ISG Capital Markets, LLC and Solid Capital U.S., (Respondents) Case Number: 00-03633 Hearing Site: New York, New York REPRESENTATION OF PARTIES Claimant, Kevin S. Flannery, hereinafter referred to as "Claimant", appeared pro se. Respondent, Solid ISO Capital Markets, LLC ("Solid ISG"): Louis F. Burke, Esq., Louis I. Burke, P.C., New

Stipulated Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Stephen L. Schloss, Barbara Schloss, Jeffrey Schloss, Michael Schloss, Richard Schloss and Robin L. Cohen, (Claimants) v. Salomon Smith Barney Inc. and David Trautenberg, (Respondents) Case Number: 00-05429 Hearing Site: New York. New York BEERESENTAT1ON OF PARTIES Claimants Stephen L. Schloss, Barbara Schloss, Jeffrey Schloss, Michael Schloss, Richard Schloss a

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Deolinda Fernanadez (Claimant) v. Edward Sadowski, Multi-Financial Securities Corp., and Royal Alliance Associates, Inc. (Respondents) Case Number: 01 -04295 Hearing Site: New York, New York Nature of the Dispute: Customer v. Members and Associated Person REPRESENTATION OF PARTIES Claimant Deolinda Fernandez ("Fernandez") hereinafter referred to as "Claimant": Richard D. DeVita,

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between: Names of Claimants Steven A. Kushner and Rebecca Kushner vs. Names of Respondents Prudential Equity Group, LLC, Wachovia Securities, LLC, and Marvin G. Zucker Case Number: 05-06322 Hearing Site: Southfield, Michigan NATURE OF THE DISPUTE Customers vs. Members and Associated Person REPRESENTATION OF PARTIES Steven A. Kushner and Rebecca Kushner ("Claimants

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 01-06977 Investec Ernst & Company, claimant vs. Rafael Klein, respondent. ATTORNEYS: For Claimant appeared Michael S. Colombo, President, Streetwide Asset Recovery Group, Inc., New York, NY. Respondent appeared pro se, New York, NY. DATE FILED: December 24, 2001 CASE SUMMARY: Claimant alleged thai respondent failed to repay monies owed under the terms of the Promissory Note and Letter/E

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Steven G. Roberts and Gloria Roberts (Claimants/CounterRespondents) vs. American Express Financial Advisors, Inc., Anthony R. Ridgel, and Lorenzo R. Wilson (Respondents/CounterClaimants) Case Number: 99-03357 Hearing Site: Chicago, Illinois REPRESENTATION OF PARTIES Claimants/CounterRespondents Steven G. Roberts and Gloria Roberts ("Roberts"), hereinafter collectively

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 01-06978 eBontrade LLC, claimant vs. J.P. McGowan & Company, Inc., respondent. ATTORNEYS: For Claimant appeared Terri McKee, of Ebondtrade LLC, Walnut Creek, CA. For Respondent appeared John P. McGowan, President, J.P. McGowan & Co.. Inc. Philadelphia, PA. DATE FILED: December 24, 2001 CASE SUMMARY: Claimant alleged that respondent entered an order to purchase 1,000,000 Erie PA SCH DIST

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Steven Messina, Brian Kelly, and Thomas Messina (Claimants) vs. A.B. Watley, Inc. (Respondent) Case Number: 02-04649 Hearing Site: New York, New York Nature of the Dispute: Associated Persons vs. Member REPRESENTATION OF PARTIES Claimants Steven Messina ("S. Messina") and Thomas Messina ("T. Messina"): Steven D. Oppenheim, Esq., and Philip di Domenico, Esq., Faust, Rabbach, & Op