N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between ° Harry A. and Joan M. Schmidt 90-03646 Maine f SCT Blunt Ellis & Loewi Incorporated Jacque Maad I ii Claimants, Harry A. Schmidt and Joan M. Schmidt, appeared pro se. Respondents Blunt Ellis & Loewi and Jacque Mead were represented by Timothy E. Hays, Esq. In a statement of claim filed with the National Association of Securities

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between Name of Claimant Georgia Capital Partners, Inc. d/b/a Traders Advantage Case No. 99-02945 Name of Respondent Francis J. McMahon, Jr. REPRESENTATION OF PARTIES For Claimant Georgia Capital Partners, Inc. d/b/a Traders Advantage ("Traders") hereinafter referred to as "Claimant": Jeffrey W. Willis, Esq. of the law firm of Rogers & Hardin LLP, Atlanta, Georgia.

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Hatter of the Arbitration Between Milan E. Chilla Claimant vs. Piper, Jaffray and Hopwood, inc. and John L. Brown Respondents Case #90-03644 Award CASE SUMMARY Milan E. Chilla, Pro Se Claimant, in a claim filed with the National Association of Securities Dealers, .Inc. on December 28, 1990, alleged that Respondents, Piper, Jaffray and Hopwood, Inc. and John L. Brown, provide

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Matthew and Mante Yedlin vs. NASD Arbitration No. 90-03638 Olde Discount Corporation victoria Black For Claimant: Michael L. Paule of Investors Arbitration Services, Inc. For Respondent: Julie D. Reed, Esq. of Olde Discount Corporation CRSP Statanent of Claim filed: June 28, 1990 Claimants' Submission Agreement signed on Decanter 17, 1990

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Judith I. Brunton No. 90-03635 Name of Respondents Anchor National Financial Services, Inc. Frank G. Kelbel REPRESENTATION OF PARTIES For Claimants: James A. Bolt, Esq. For Respondents: Thomas R. Schrimpf, Esq. of Hinshaw and Gilbert son. CASE INFORMATION Statement of Claim filed: December 21, 1990. Claimant's S

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between Frank Montfort and Janis Montfort Claimants Award vs. Fidelity Brokerage Services, Inc. Respondents Case #90-03634 Robert E. Warner Public Arbitrator CASE SUMMARY Frank and Janis Montfort, in a claim filed with the National Association of Securities Dealers, Inc. on December 6, 1990, alleged that Respondent Fidelity Brokerage Services, Inc., fai

N.A.S.D. AWARD NATICKAL ASSOCIATION OF SEXHRITISS DEMJSRS la tbe Matter of the Arbitration Between. Nma of! Claimant (a) Sonalcl Plotldii vs. 90-03631 Claries Pankey For r ' 1j>< if"T*f T M^rb**! Paule, Investors Arbitration Services, Inc., Woodland HillSf < ^T ^ ft ft lit It , For Eimpmrlffnfc Kbber Financial Corp.: Dennis A. Graham, Esq., Hopper and Respondents *< nj jmH paokey represented thaaselves Stateoeat of n«im filedt

N.A.S.D. AWftBD NRTIQtBVL ASSOCIATION OF SECURITIES DEALERS in the Matter of the Arbitration Between o claimant Michael M. Ochsenschlager 90-03626 Merrill Lynch, Fierce Fanner & Smith Inc. and Frank T. Santana Michael M. Ochsenachlager was represented by Joel H Gceenburg, Esq., Chicago, IL. Merrill Lynch, Pierce Fanner & 3nith Inc. and Frank T. Santana ware sented by Arthur H. Sobel, Esq. of Marr-m Lynch, Fierce Fenner & Smith, M«M.* •**

>I.A.S.Q. ~i-< ARD '1ATICNAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between~ Stephen and Patricia Kerch 90-03624 Name of Respondents Donald Gregory King For Claimant: Howard S. Eilen, Esq. of Bloom & Eilen. For Respondent: Did not appear at the hearing. Statement of Claim filed: December 26, 1990. Claimants' Submission Agreement signed: December 18, 1990. No Statement of Answer nor Submission Agreement was filed by

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. - In the Matter of the Arbitration Between Name of Claimants David Pease and 90-03623 Name of Respondents Merrill Lynch, Fierce, Fenner & Smith, Inc. and Gerald A. Kearns REgaESENTRTTON OF PARTIES Claimant, David Pease was represented by David M. Foster, Esq. of David M. Foster, P.c. of Farmington Hills, Michigan and Anthony V. Trogan, Esq. of Weisman, Trogan, Young & Schlos