AWARD NASD REGULATION. INC. OFFICE OF DISPUTE RESOLUTION In the matter of the Arbitration Between Spehnan & Co., Inc. v. N^Pff flf Respondent Ronald Henry DeJong Arbitration No. 97-05754 Por Claimant For Respondent: REPRESENTATION Houston Goddard Spelman & Co., Inc. San Diego, California Ronald Henry DeJong In Pro Per Encinitas, California CASE INFORMATION Statement of Claim filed: December 5,1997 Claimant

N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION. INC. CASE: 99-02894 Robert E. Freeman, claimant vs. Robert C. Skalski and Vanguard Marketing Corporation, respondents. ATTORNEYS: Claimant Robert E. Freeman ("Claimant"), appeared Pro Se., Green Valley, AZ For Respondents Robert C. Skalski and Vanguard Marketing Corporation (collectively "Respondents"), Pauline C. Scalvino, Esq. of the Vanguard Group, Vorge Valley, PA.

AWARD NASD Regulation, Inc. In the Miner of the Arbitration Between Shikhar C. Iain tod Archana Iain 97-05749 Investor* Associates, Lie For Claimants; Shikhar C. Jain and Archana Jain ("Iain") were represented by James A. McGurk, Esq., located in Chicago, Illinois. For Respondent: Investors Associates, Inc. ("Investors") did not appear. Statement of Claim filed: December 9,1997. Claimant's Submission Agreement signed on: December 4.1997. Res

AWARD NASD REGULATION. INC.. OFFICE OF DISPUTE RESOLUTION In the matter of the Arbitration Between Dale R. Terwedo Claimant v. Arbitration No. 97-05698/97-05719 Lutheran Brotherhood Securities Corporation Respondent Lutheran Brotherhood Securities Corporation Claimant v. Dale R. Terwedo Respondent REPRESENTATION For Dale R. Terwedo: Scott D. Stechman, Esq., Smith Campbell & Paduano, New York, New York. For Lutheran Brothe

NASD REGULATION, INC. AWARD In the Matter of the Arbitration Between Name of Claimant Jeffrey Greenip 97-05674 Name of Respondents Cambridge Partners, L.L.C. Cambridge Holdings, L.L.C. John J. McFadden, III Bjorn Aaserod REPRESENTATION For Claimant Jeffrey Greenip ("Claimant") appeared Robert M. Bursky, Esq., of the law offices Wechsler & Bursky, L.L.P., located in New York, New York. For Respondents Cambridge Partners, L.L.C. ("

NASD REGULATION, INC. AWARD In the Matter of the Arbitration Between Name of Claimant Alexander J. Gibbons vs. Case No. 97-05205 Name of Respondent Merrill Lynch Pierce Fenner & Smith, Inc. REPRESENTATION For Claimant Alexander J. Gibbons ("Claimant") appeared Michael J. McAllister, Esq. of the law firm Satterlee Stephens Burke & Burke, LLP, located in New York, New York. For Respondent Merrill Lynch, Pierce, Fenner & Smith, Inc. ("Respo

NASD REGULATION, INC. AWARD In the Matter of the Arbitration Between Name of Claimant John Diaz Case No. vs. 97-04335 Name of Respondents D.H. Blair & Co., Inc., Kenton E. Wood William Badinelli and Elliott Polatoff REPRESENTATION For Claimant John Diaz ("Claimant"), Susan F. Drogin, Esq., located in Boston, Massachusetts. For Respondents D.H. Blair & Company ("D.H. Blair"), Kenton E. Wood "(Wood"), and William Badinelli ("Badinelli"

Award NASD Regulation, Inc. In the Matter of the Arbitration Between: Peter Maksymuk, III and Siglinde Maksymuk, ("Claimants") vs. Pacific Brokerage Services, Inc., ("Respondent") Case Number: 97-02440 Hearing Site: New York, NY REPRESENTATION OF PARTIES Claimants, Peter Maksymuk, III and Siglinde Maksymuk, hereinafter collectively referred to as "Claimants": Christine Cole, Esq., Slater & Cole, LLP, New York, NY. Respondent, Pacific Brokerage Servi

NASD REGULATION, INC. AWARD In the Matter of the Arbitration Between Name of Claimant Robert Lichtenstein 97-01828 Name of Respondents William Saydein George Swan Cygnet Securities, Inc. REPRESENTATION For Robert Lichtenstein ("Lichtenstein") appeared Matthew S. Levine, Esq. of the firm Singer Frumento LLP, located in New York, New York. Prior to the hearing in this matter Lichtenstein assigned his claim to John J. Gibbons as Trustee

Stipulated Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between Names of Claimants Morris Eisinger Beatrice Eisinger Case No. 99-02888 Names of Respondents Jay M. Dugan First Associated Securities Group, Inc. First Securities USA, Inc. REPRESENTATION OF PARTIES For Morris Eisinger and Beatrice Eisinger, hereinafter collectively referred to as "Claimants": Brenda M. Combs, Esq., Williams Schifino Mangione & Ste