N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Jerine D. Schoenwaid NASD Arbitration N< K 91-02660 Name of Respondent Sutro & Co., Inc. REPRESENTATION For Claimant: Archibald M. Mull, Esq., Sacramento, California. For Respondent: Douglas A. Kuber, Esq., Jones, Day, Reavis & Pogue, Los Angeles, California CASE INFORMATION Statement of Claim filed: August 22, 1991 Claim

M.A.S.D. JWAKD AssociKncii OP SHCUI^ IT * ^ DEALERS In the Matter cf the Arisitratioa Between Ruth E. Davidson, ind/atty-in-fact C/b/o Clyde and Margaret Creal 91-02592 Name of BeHpmrienta ^ Traub & Company, Inc. Steven A. Heao WilllanxR. VanDeman claimants j Mark E. Maddcoc, Esq. of Cncnn & Saint, For KaqpaodantS! Soott E. Tarter, Eaq. of Henderson, Daily, Wi throw & DeVbe, Statement of fi«-ii« filed August 21, 1991. ' dainant'a Sub

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of (Claimant George C. Messenger, Individually and DBA. Ronda Fund, Dargon Fund, Crystal Fund and Tasman Fund NASD Arbitration No. 91-02537 Name of Respondents First Options Bateman Eichler, Hill Richards, Inc. REPRESENTATION For Claimant: Michael L. Maduff, Esq. - Chicago, Illinois For Respondent: First Options - Marshall E. H

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant(s) Joan Ross Murphy Joanie Castle NASD Arbitration No. 91-02508 Name of Respondents') Gruntal & Co., Inc. Milton Stanson Peter Vita Jay Gurley Maurice Conn REPRESENTATION For Claimants: Lionel Z. Clancy, Esq., Beverly Hills, California For Respondents: Eric S. Hutner, Esq., Gruntal & Co., Inc., New York, New

N.A.S.D. AWARD NATICNAL ASSOdMTCN OP SECURITIES DEALERS Tn bha Matter of Hya Name of Rcbert E. White, Individually and on behalf of the estate of K. White NASD Arbitration No. 91-02420 Of Assocxaced Planners Securities Corporation. Private Ledger Financial Services Harry Bartolonei For Claimants: Janes J. Sullivan, Esq., F&*i Francisco, For Respondents: Associated Planners Securities ^"juc^iat j T* a nd Sury ^Ttiolfnf

Arbitration N.A.S D. AWARD National Association of Securities Dealers. Inc. ,^.^-^.T., , n ,w~r»,mv» ™, . -^ . ......... -. Tsr^rr-w,,, NASD Financial Center NATICNAL ASSOdATICN OF SECURITIES DEALERS 33 Whitehall Street _ New York. N.Y. 10004 In the Matter of the Arbitration Between ^AX (212)858-4389 Name of Claiman Richard St 91-02294 Name of Respondent (sL Dean Witter Reynolds Inc. John For Claimant: Andrew Miller, Esq. of

N.A.S.D. AWARD ASSOCiancN OF SBmm'i'iKg HEALERS In t±ie Matter of the Arbitration Between Jin L. Laura 0. George S. Sapp, Jr 91-01367 For Claimant: Jacob X. Clifton, Jr., Eaq., Johnson, Cliftco, Laraca fe P.C., ~ For Raapccdaat: Cbarlec D. Dsvldson, Bvq., Garwsy Schubert & Barer, Portland, Sfcatoneat of Claim flledt May 1, 1991 1 aimisaioa AqreniHnt sigaad oat JVme 3, 1991 Joint Stat«Hnt of JtoMMT fHad by Raapond«nt« McKaewr

N.A.S.D. AWARD NATIONAL ASSOCTATICK OF SECURITIES DEALERS In the Matter of the Arbitration Between Suzanne Cbarney vs. NASD #91-02007 Name of Respondents Bmfhorra, Inc. Ron Ma am For Claimant: John Lawrence Allen, Esq. / f^»T-i qharf f Ceilifoamia For Respcodeats: Timothy N. Will, Esq., Keesal, Ycwng & Logan, Tcng Beach, California. Statement of CHatm filed: Jlma 27, 1991 daixDBnt'8 *^ ii '^* | Ttgf | ^ c*

N.A.S.D. AWARD ASSOCIKnOT OP SBCCRnTES DEALERS In the Matter of the Arbitration Between. Leonard Wend vs. 91-01345 McRaever Securities, Inc. For dainant: Leonard Wend, las Vegas, Nevada For Respondents: Charles D. Davidson., Esq., Garvey, Schubert & Barer, Portland, Oregon. Statement of Hnim filedt June 24, 1391 dadmnt's 1 Q"}^'^ °g j < TP Asreesieat signed QUJ June 18, 1991 Statement of Ansnnji- filed by Respondent on: August 2, 1391

N.A.S.D. AWRSD ASSOdATicN OF sEComrns DEALERS In the Matter of the Arbitration Between, Kevin Jenkins, Trustee of the Jenkins Family Trust, U/D/T dated October 2, 1385 Claimant CASES vs. HMD #91-01714 NASD #91-01724 Bear Stearns & Co., Inc. Kayne, Anderson & Co. Respondents AND Sakarin Van Suwexmukul, Trustee for Suwennukul Family Trust vs. Bear Steams & Co., Inc. Kayne, Anderson. & Co. Fez- Claimants: Edward