Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Paul Wiebel (Claimants) vs. Salomon Smith Barney, Inc. and George Feneis (Respondents) Case Number: 02-07073 Hearing Site: New York, New York Nature of the Dispute: Customer vs. Member and Associated Person. REPRESENTATION OF PARTIES Claimant Paul Wiebel hereinafter referred to as "Claimant": David L. Johnson, Esq., Morris, Downing & Sherred, LLP, Newton, NJ. Resp

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 06-03443 Daunne and Dean Fraley, (Claimants) vs. Paul McDonald and Charles Schwab & Co., Inc., (Respondents) ATTORNEYS: Claimants appeared pro $e, Camarillo, CA. For Respondent Charles Schwab & Co., Inc. appeared in-house counsel Sean Meehan, Esq.. San Francisco, CA. Respondent Paul McDonald did not submit an Answer to the Statement of Claim. NATURE OF DISPUTE: Customers v. Member and A

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 06-03400 Wells Fargo Investments, LLC, (Claimant) vs. William E. Rice, (Respondent) ATTORNEYS: For Claimant appeared Diane C. Fischer, Esq., of the firm Kane & Fischer, Ltd., Chicago, IL. Respondent did not submit an Answer to the Statement of Claim. NATURE OF DISPUTE: Member v. Associated Person DATE FILED: July 19, 2006 CASE SUMMARY: Claimant alleged that Respondent breached a contrac

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 06-03342 Lynn A. Abbate, as Executrix for the Estate of Sargent R. Tarzy, (Claimant) vs. Westrock Advisors, Inc., (Respondent) ATTORNEYS: For Claimant appeared David A. Gehn, Esq., of the firm Gusrae, Kaplan, Brung & Nusbaum, PLLC, New York, NY. For Respondent appeared in-house counsel Andrew Shapiro, Esq., New York, NY. NATURE OF DISPUTE: Customer vs. Member DATE FILED: July 17, 2006

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 06-02972 Janney Montgomery Scott, LLC, (Claimant) vs. Michael T. Widlake, (Respondent) ATTORNEYS: ~~ For Claimant appeared in-house counsel Carrie L. Chelko, Esq., Philadelphia, PA, Respondent did not submit an Answer to the Statement of Claim. NATURE OF DISPUTE: Member v. Customer DATE FILED: June 20, 2006 CASE SUMMARY: Claimant alleged that Respondent breached a contract by fa

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 06-02643 Liliana Bravo, (Claimant) vs. Guido Jorge Alvarez and Morgan Stanley DW, Inc., (Respondents) ATTORNEYS: For Claimant appeared Richard S. Frankowski, Esq., of the firm Whatley Drake, LLC, Birmingham, AL. For Respondents appeared in-house counsel Jeffrey Wade, Esq., Purchase, NY. NATURE OF DISPUTE: Customer v. Member and Associated Person DATE FILED: May 30, 2006 CASE SUMMARY

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Michael Bergin, Robert Setteducati, Thomas Parigian, and Equity National Capital LLC (Claimants) v. National Securities Corporation (Respondent). Case Number: 06-00588 . Hearing Site: Newark, New Jersey Nature of the Dispute: Associated Persons vs. Member REPRESENTATION OF PARTIES Claimants Michael Bergin ("Bergin"), Robert Setteducati ("Setteducati") Thomas Parigian ("Parigan")

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Alan L. Finkel and Michelle Finkel (Claimants) vs. Andrew Mayer and WJ Nolan & Company (Respondents) Case Number: 05-06623 Hearing Site: New York, New York Nature of the Dispute: Customers vs. Associated Person and Member. REPRESENTATION OF PARTIES Claimants Alan L. Finkel ("A. Finkel") and Michelle Finkel ("M. Finkel") hereinafter collectively referred to as "Claiman

N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION, INC. CASE: Jan L. Bowers, Claimant vs. T.R. Winston & Company, Inc., Brookstreet Securities, Corp. and Jeffrey A. Kahn, Respondents. ATTORNEYS: For Claimant Jeff Dennis Ferentz, Esq. Greenbaum & Ferentz, LLP Newport Beach, California For Respondent T.R. Winston & Company, Inc. John W. Galuchie, Jr. Esq. T.R. Winston & Company, Inc. Bedminster, New Jersey

Award NASD Dispute Resolution In the Matter of the Arbitration Between: McDonald Investments, Inc. (Claimant) vs. Daly Holdings, Inc. d/b/a/ Tower Hill Holdings, Event-Driven Value Inc., and Sean M. Daly (Respondents) Case Number: 05-06562 Hearing Site: Cleveland, Ohio Nature of the Dispute: Member vs. Customers REPRESENTATION OF PARTIES Claimant McDonald Investments, Inc., hereinafter referred to as "Claimant": Scott C. Matasar, Esq., Calfee, Halte