Arbitration N.A.S.D. AWARD NftTICNAL ASSOCIMTCN OF SECURITIES DFMfiRS In the Matter of the Arbitration Between~ Name ot^ Claimmt Robert Suskr> 92-00068 National Association of Securities Dealers, Inc. NASD Financial Center 33 Whitehall Street New York, N.Y. 10004 FAX (212) 858-4389 Pacific Southern Securities Inc. Edgel Groves For Claimant: For Respondents: Allan P. Harris, Esq. of the law firm of Harris, Van Geld

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant]^ Howard Fames 92-00066 Name of Resoondentfs) M&T Discount Brokerage Services, Inc. REPRESENTATION For Claimant Howard Fames: Steven G. Storch, Esq. of the law firm of Storch Amini and Munves, P.C. For Respondent M&T Discount Brokerage Services, Inc.: Charlotte Moses Fischman. Esq. of the law firm of Kramer, Levin, Nessen,

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Martin and Sally Coffter NASD Arbitration No.92-0112 Name of Respondents Merrill Lynch, Pierce, Fenner & Smith, Inc. Ron Visconti For Claimants: Bruce R. Safran, Esq., Encino, California For Respondents: Robert Goldberg, Esq., Merrill Lynch, Pierce, Fenner & Smith, Inc., New York, New York CASE INFORMATION Statemen

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Katherine G. Baker . - The Katherine Baker Trust The Triple B Corp. Defined Benefit Pension Plan and Trust and 92-00109 Name of Respondents Bekhor Securities Corporation First Affiliated Securities. Inc. J. Pat Bonn REPRESENTATION The Claimants were represented by Jerry S. Harris, Esq. of Harbour Kenley Boyland

\ N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between PUBLIC Arnold S. Lincow, TTE, Medical Management, inc. Defined Cont. Corp. Plan 92-00102 Janney Montgomery Scott, Inc. J. Klatz et al. For Claimant Arnold S. Lincow, TTE, Medical Management, Inc. Defined Cont. Corp. Plan: Anthony Horn, Esq. of the law firm of Hwong & Nix. For Respondents Janney Montgomery Scott, Inc. J. Klatz et al.

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Pax Options, (Claimant) vs. Sander Gerber, (Respondent) vs. S & S Securities (Third-Party Respondent) Case Number: 99-02962 Hearing Site: New York, New York REPRESENTATION OF PARTIES Claimant, Pax Options, hereinafter referred to as "Claimant": Max Folkenflik, Esq., Folkenflik & McGerity, New York, NY. Previously represented by: Andrew P. Weiss, Esq., a sole practitioner,

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant W.A.W. VanLimburg Stirum Case* vs. 92-00099 Name of Respondents Shearson Lehman Brothers, Inc. Theodore Peck For W.A.W. VanLimburg Stirum ("Claimant"), Robert J. Lane, Jr., Esq. of Hodgson, Ross, Andrews, Woods & Goodyear. For Shearson Lehman Brothers, Inc. ("Shearson") William Olshan, Esq., in-house counsel. For Theodo

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. in the Manor of the Arbitration Between Name of Claimant Richard L. Hawley and 92-00098 Name of Respondents Southwest Securities, Inc. Alphonso Ragtand REPRESENTATION OF PARTIES Claimant Richard L. Hawley was represented by Coyt Randal Johnston, Esq. of Johnston & Budner, Dallas, Texas. Respondents Southwest Securities, Inc. Alphonso Ragland were represented by Robert Wr

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of che Arbitration Between Name of Claimant Georgia Colonias 92-00097 Prudential Securities Inc Gary Fox REPRESENTATION For Claimant Georgia Colonias ("Claimant") : Anthony J. Horn, a sola practitioner. For Respondents Prudential Securities Inc. ("PSI") and Gary Fox -("Fox"): Brian F. Amery, of Brassier, Amery et al. CASE INFORMATION Statement of Claim filed: January 10, 1992.

N.A.S.D. JOHD ASSOdftTICN OF SU.mUT.lES In the Matter of the Arbitration Janes R. Shaw vs. NMD #92-00091 Barry W. Itepby & Co., Inc. Barry w. ttxrpby For Claimant: daivant represented himself For Respondents: Barry W. Uophy, Boston MundbnuMtta Statement of Claim fil«ds January 9, 1992 CHadannt's Sitsd&slCB. JAgtBenent: gijnyJT DeovdMT 27/ 1991 Joint Statement of Anmmrr filed: J\joe 22, 1992 ReBpondacts* Subnlsfflca ngroammti flijnffd