N.A.S.D. STIPULATED AWARD NASD Regulation, Inc. Office of Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Evelyn Grossman 97-04214 Prudential Securities, Inc. John Pavlus LannyLeff For Claimant: Gary A. Feder of Feder A. Dunn, P. A., Decrfield Beach, Florida. For Respondents: Craig D. Stein, Esq. of Stein, Rosenberg & Winikoff, Fort Lauderdale, Florida. CASE INFORMATION Statement of Claim filed: August 22, 19

AWARD NASD Regulation, Inc. In the Matter of the Arbitration Between of Claimant Alan King 97-02752 Names of Respondents Charles Schwab & Company, IDC. James Singer REPRESENTATION For Claimant: Patrick A. Davis, Esq. of Patrick A. Davis, P. A., dearwater, Florida. For Respondents: Steven Lanum, Esq. of Charles Schwab & Company, Inc. ("Schwab"), San Francisco, California. CASE INFORMATION Statement of Claim filed: June 3, 1997.

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Names of the Claimants Case Number: 03-04155 Homer A. Whittington, Jr. as Trustee for the (consolidated with 05-05437) Homer A. Whittington, Jr. Revocable Trust Edwin Dodd Douglas Packer Robert G. Germany C.Victor Welsh, III Crymes M. Pitmann Lucy P. Culver Jeffrey L. Smith Yerger Properties, LP Lyndel B. Smith and Shirley E. Smith as Trustees

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between: Name of Claimant Mark Van Deusen vs. Case Number: 04-08683 Hearing Site: Chicago, Illinois Name of Respondent Dickinson & Co. NATURE OF THE DISPUTE Associated Person vs. Terminated Member REPRESENTATION OF PARTIES Mark Van Deusen ("Claimant") was represented by Otto K. Hilbert, II, Esq., Robinson Waters & O'Dorisio, P.C., Denver, Colorado. Dickinson & Co. ("R

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between: Name of Claimant Bright Trading, LLC vs. Case Number: 05-05353 Hearing Site: Dallas, Texas Name of Respondent Penson Financial Services NATURE OF THE DISPUTE Customer vs. Member REPRESENTATION OF PARTIES Bright Trading, LLC ("Claimant") was represented by Debra G. Speyer, Esq., Law Offices of Debra G. Speyer, Bala Cynwyd, Pennsylvania and T. Michael Kennedy, Esq.

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between: Name of Claimant Southwest Securities, Inc. vs. Case Number: 05-00100 Hearing Site: Dallas, Texas Name of Respondent First Southwest Company NATURE OF THE DISPUTE Member vs. Member REPRESENTATION OF PARTIES Southwest Securities, Inc. ("SWS") was represented by David S. Dyer, Esq., Secore & Waller, L.L.P., Dallas, Texas. First Southwest Company ("First Southwe

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between: Name of Claimant Paul Wiegmann vs. Case Number: 98-00115 Hearing Site: Chicago, Illinois Name of Respondent Lanny T. Fried NATURE OF THE DISPUTE Customer vs. Associated Person REPRESENTATION OF PARTIES Paul Wiegmann ("Claimant") appeared pro se. Lanny T. Fried ("Respondent") was represented by Michael Utilla, Esq., Attorney at Law, Brooklyn, New York. CAS

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Names of the Claimants Case Number: 04-08483 Michael J. Baumgardner William Fraser Name of the Respondent Hearing Site: Boca Raton, Florida Jacob Feldman Nature of the Dispute: Associated Person vs. Associated Person. REPRESENTATION OF PARTIES Claimant Michael J. Baumgardner ("Baumgardner") and Claimant William Fraser ("Fraser"), hereinafter collectively referred to as "

Amended Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between Name Q| Claimant Merrill Lynch Pierce Fenner & Smith, Inc. Case No. 01-01822 Names of Respondents UBS PaineWebber, Inc. Dennis V. Coleman REPRESENTATION OF PARTIES For Merrill Lynch Pierce Fenner & Smith, Inc., hereinafter referred to as "Claimant": Mark L. Prior, Esq. and M. Dawes Cooke, Jr., Esq., Rubin & Associates, Inc., Paoli, Pennsylvania. For UBS

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION, INC. CASE: 99-03185 ! Warren E, and Freada Kumm, claimant vs. Saperstoa Financial Inc. and La Salle Securities, Inc., respondents. ATTORNEYS: j For claimant Warren E. and Freada Kutnm, appeared John W. Dorn, Esq., of the firm, Nesper, Ferber & DiGiacomo, LLP, Amherst, NY : i For respondent Saperston Financial Inc., appeared Patrick G. Finegan, Jr. Esq., Washington, DC [ For respondent La