N.A.S.D. STIPULATED AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant PaineWebber, Inc. 95-04062 Name of Respondent Joseph D. Preziosi REPRESENTATION For Claimant, PaineWebber ("PW"): Melanie S. Cherdack, Esq., Coiporate counsel, Fort Lauderdale, Florida. For Respondent, Joseph D. Preziosi ("Preziosi"): Howard A. Tescher, Esq. of Kipnis Tescher Lippman Valinsky & Kain, Fort Lauderd

NASD AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between Name of Claimant Olde Discount Corporation and NASD Case Number. 95-04055 Name of Respondent The Huntington Investment Company REPRESENTATION OF PARTIES Claimant Olde Discount Corporation ("Claimant" or "Olde") was represented by Francis R. Ortiz, Esq. of Dickinson, Wright, Moon, Van Dusen & Freeman located in Detroit, Michigan. Respondent Th

Award NASD Regulation, Inc. In the Matter of the Arbitration Between: David and Elizabeth Ma, ("Claimants") vs. Ladenburg, Thalmann & Co., Inc. and Ted Shen, ("Respondents") Case Number: 99-02876 Hearing Site: New York, NY REPRESENTATION OF PARTIES Claimants David and Elizabeth Ma, hereinafter collectively referred to as "Claimants": Marc Bogatin, Esq., a sole practitioner, New York, NY. Respondents Ladenburg, Thalmann & Co., Inc. ("Ladenburg Thalma

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Robert E. Lawlor 95-03962 Name of Respondents Nick Giandomenico John Oehl CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on August 17, 1995, Claimant Robert E. Lawlor ("Claimant"), through his representative, John K. Lawlor, Esq., of Fort Lauderdale, Florida, alleged that he held acc

NASD AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between Names of Claimants Ray Cloer, Lu-Ray Petroleum, Incorporated and Cloer Equipment Company and 95-03716 Names of Respondents Merrill Lynch, Pierce Fenner & Smith, Incorporated, Charles Mugg and Timothy Patterson REPRESENTATION OF PARTIES Ray Cloer, Lu-Ray Petroleum, Inc. and Cloer Equipment Co. ("Claimants") were represented by Jan

NASD Arbitration NO. 95-03574 N.A.S.D. AWARD NATIQflTAL ASSOCIATION OF SECURITIES DEALERS. INC. In the matter of the Arbitration Between Name of Claimant(s) Henry E. Lawrence Name of Respondent (s) E*Trade Securities, Inc. REPRESENTATION For Claimant: Henry E. Lawrence, Menlo Park, California For Respondent: David M. Greenberg, Esq., San Francisco, California CASE INFORMATION Statement of Claim filed: July 20, 1995 Claimant's

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between John A. Foster Claijnant(s) vs. 89-02675 Amerimutual Corp. Respondent(s) NOTICE OP ARBITRATION AWARD CASE SUMMARY Claimant(s) John A. Foster alleged that Respondent(s) Amerimutual Corp. made misrepresentations. Respondent maintains that the Claimant's allegation that he was sold worthless stock is blatantly unfounded. RELIEF REQUESTED

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Joseph M. & Pauline A. Apichella 95-03471 Name of Respondents Robert Dacunto Michael Dacunto REPRESENTATION Claimants Joseph M. and Pauline A. Apichella ("Claimants") appeared pro se. Respondents Robert Dacunto and Michael Dacunto ("Respondents") were represented by M. David Sayid, Esq., Sayid and Associates, Hackensack, N

NASD Arbitration No. 95-03390 N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS. INC. In the matter of the Arbitration Between Name of Claimant (s) Sutro & Co. Incorporated Name of Respondent (s) James E. Louderback REPRESENTATION For Claimant: David H.S. Commins, Esq., Crosby, Heafey, Roach & May, Oakland, California For Respondent : No Appearance by James E . Louderback CASE INFORMATION Statement of Claim filed: June 25

NASD AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between Name of Claimant Henry C. King, Jr. and Case Number 95-03123 Names of Respondents Hanover Sterling & Co., Ltd., Mark V. Antonucci, Gene Phillips a/k/a Eugene Filippino, Lowell Schatzer, Joseph Belcastro and Thomas E. La Rossa REPRESENTATION OF PARTIES Claimant, Henry C. King, Jr. was represented by Jan P. Garvin, Esq. of Pratt Fin