NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. ~n the Matter of the Arcitration Between Kyohei and Michie Murakami Claimants , AWARD vs. ) ) NASD *90-03620 PaineWebber, Inc. & j Vincent Serhan ) Respondents ) ' ) REPRESENTATION Claimants were represented by David N. Mahler, a representative of Mahler & Associates, Newport Beach, California. Respondents were represented by Scott .1. Ratcnicx, Esq., PaineWebber, Inc., Los

N.A.S.D. AWARD NATKMBL ASSOdftTlCH OF SECURITIES la the Matter of the Arbitration Between Hsne Of f r l*4i**mt'** 2ye Surgery Associates, Ltd. at al. . . Maria & Kathy Foamier John & Harry Fburnier 90-03617 Name of Respondents BnvienHnl -Bacbe Securities Inc. Robert SJdpton Claimants were represented by Howard J. Stein, Bag. of Bolleb & Gbff, Chicago, XlllnQis. Respondents ware rBpCTwntflri by William A. Bealy, Esq. of Pruden

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Anthony Lekkos, (Claimant) v. Morgan Stanley & Company Inc. (Respondent). Case Number: 99-02939 Hearing Site: Houston, Texas. REPRESENTATION OF PARTIES Claimant, Anthony Lekkos ("Lekkos"): Brett B. Stalcup, Esq. of Dallas, Texas. Respondent Morgan Stanley & Company ("Morgan Stanley"): David J. Beck, Esq of the law firm of Beck, Redden & Secrest, located in Houston, Texas.

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION, INC. CASE: 00-01048 PaineWebber Incorporated, claimant vs. Gregory S. Crowley, respondent. ATTORNEYS: For Claimant, PaineWebber Incorporated, appeared Joel E. Davidson, Esq., and Lisa Catalano, Esq. of the Law Offices of Joel Davidson, Park Ridge, NJ. Respondent, Gregory S. Crowley, did not respond to the Statement of Claim. DATE FILED: March 9, 2000. CASE SUMMARY: Claimant alleged that Responde

Arbitration N.A.S.D. ANARD NATICNAL ASSOdKTICN OP SBCnRITTES DEALERS la the Matter of the Arbitration Between Name of fn^jTHarft'* E&axd & Maureen Kachinski 90-03616 \ Name of Donald and Go. Securities John. Sweeney National Association of Securities Dealers, Inc. NASD Financial Center 33 Whitehall Street New York. N.Y. 10004 FAX (212) 858-4389 For Claimants B&ard 6 Maureen Kachinski ("Claimants' 1 ): William

Arbitration N.A.S.D. AWARD NKTIONftL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Hugo Pezotti Arthur Goldstein Damon 0. Ttestawerde National Association of Securities Dealers, Inc. NASD Financial Center 33 Whitehall Street New York, N.Y. 10004 FAX (212} 858-4389 Case # 90-03612 For daiaant: Pro se. However, Claimant appeared at the bearing with his without objection fron Respondents. For

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Betvosn ) EDWARD and DIANA ANDERSON ) ) Claimant and ;CASE NO. 89-03473 ROBERT RACUSEN and SHEARSON LEHMAN HUTTON, INC. Respondents CASE SUWARY In a Statement of Claim filed with the NASD on or about December 5, 1989. Claimants Edmrd and Diana Anderson ("the Andersons') alleged that they purchased two col lateralized mortgage obligations (CMDs) for

NATIONAL ASSOCIATION OF SECURITIES DEALERS •*- In the Matter of the Arbitration Between Phyllis Shubak Claimant(s) vs. 89-03472 Richard Morris & Carlos Guavara Respondent(s) NOTICE OP ARBITRATION AWARD CASE SUMMARY Claimant(s) Phyllis Shubak alleged that she was charged an early withdrawal fee and did not receive an income dividend on an investment purchased through Respondents. Claimant states that one respondent paid her an

N.A.S.D. AWARD NATIONAL ASSQCIATICM OF SECURITIES DEALRRg_^ In the Matter of the Arbitration Between Name of C!laimanti(s} Freddy Wong 89-03469 Shearson Lehman Hutton, Inc. Joseph J. Ulloa Fred Lee Heard before: Name Public/Industry Wayne E. Gallop, Esq Public/Chair__ Eugene Kramer Securities Ruth G. Lavell Public This matter was initiated by a Statement of Claim filed with the National Association of Securities Dealers, Inc.

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Jay Nathan Claimant(s) vs. 89-03465 Alan Bush Brokerage Co., Carol Whelpley, J.W. Charles Bush and Michael A. Solomon Respondent(s) NOTICE OF ARBITRATION AWARD CASE SUMMARY Claimant(s) Jay Nathan alleged that Respondent(s) Alan Bush Brokerage Co., Carol Whelpley, J.W. Charles Bush and Michael A. Solomon negligently mishandled Claimant's ac