N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS Arfaitntlon Nation* Association of Stturttte* Daator*. Inc. On* East Broward Boulevard Suit* 1000 Ft. Uuderdale, Florida 33301 (305) 522-7391 In the Matter of the Arbitration Between William DeRham, et al. Rosa Correia James Edward Craig Elliot B. and Judith S. Rleiman Richard L. and Lanny K. Marks Of rltuntlsl Pension Investors Securities Corporation Pensi

N.A.S.D. A9O8D NKTICNAL ASSOdKEICN OF x la the Matter of the Arbitration Between Katharine Irons, David J. Erickson, and Ken P. Moray o£ Reapondants 90-01275 and 90-01276 with atocntrea Securities Corporation. Michael Kbtt Weinstein For CLainantss Unas E. Dahlk, Esq. of Lieben, DahlJc, Knitted Saughtcn, & Jaba, P.C. Foe Raspoodent Hanaire Laraar: Soott M. Zucfeer, Esq. of Great Neck, Mew Yodc and T. Randy Wright, Esq. of Dim & Pl

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Michael Borkey Kimberly Shaker Claimants vs. AWARD #88-02328 #88-02922 01de Discount Stockbrokers Dale Maruster Respondents Case Summary Claimant Michael Borkey ("Claimant") was trading stock for Kimberly Shaker and dealt with brokers from Olde Discount Corporation ("Olde") alleged that Respondent Dale Maruster ("Maruster") failed to properly

Award NASD Dispute Resolution In the Matter of the Arbitration Between: McMahan Securities Co., L.P. (Claimant) v. Michael Shillan (Respondent) and Michael Shillan (Claimant) v. McMahan Securities Co., L.P. (Respondent) Case Number: 04-05460 Hearing Site: New York, New York (consolidated with 04-05656) Nature of the Dispute 04-05460: Member v. Associated Person Nature of the Dispute 04-05656: Associated Person v. Member REPRESENTATION OF PARTIES

H.A.S.D. AWARD NR3TCNRL ASSOCmTCN OP SBCDBITIES DERXJStS In the Matter of the Arbitration Between v p ,, !TF ,AT10N-CHICAGO Hamette Goldberg 90-03325 Nme of Rpcrmdrnts Otra clftnrintj, Inc. Jersey Capital Markets Group John T. Booth Thorns Martin paollcell-i represented by Ibcnaa P. ft***"", Esq. of Jonas & Keller, Colorcpdo. Respondents Jersey Capital Markets Group, Inc. and John T. Booth represented by Thomas A.

N.A.S.D. SSOHtD In. the Matter of the Alteration Between Ross Macdcoald NgBBofResoondents Wedbush. M"pjm Securities Gerard Kohler NRSD No. 90-03324 For Claimant: Mitcfael Cutler Green, Esq. To** Angeles, Ga For Respondent: FOX Wedbush Margin Securities, Inc. - David A. J< MUbante, STWeed, Hadley & MnCloy - Los Angeles, Ca Gerard Kohler - David C. Hjnnhm*, Esq. of Gansinger, Buckley - las Angeles, Esq. pf Statement of

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between NamgofTTaingnt- 1 c \ Robert L. Rossbach Nicolette D. Rossbach Jt Ten vs. 90-03322 First America Equities " " For Claimants: Robert L. Rossbach of 29451 Vista Plaza Drive, Laguna Niquel, CA 92677 For Respondent: No appearance Statement of claim filed: November 21, 1990 Claimant's Submission Agreement signed on: November 15, 1990 Sta

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of "the Arbitration Between Mariaine L. Johnson 90-03317 of FteBcondentf s) Shearson Lehman Hutton, Inc. Kae Swing Claimant was represented by Ann Anderson, Esq.. Respondents were represented by Terry Ross, Esq.. This matter was initiated by a Statement of Claim filed with the National Association of Securities Dealers, Inc. {"NASD") on November 21, 1990. Claiman

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Manuel Martins, (Claimant) vs. Roan Capital Partners, L.P., (Respondent) Case Number: 99-04032 Hearing Site: New York, New York REPRESENTATION OF PARTIES Claimant, Manuel Martins, hereinafter referred to as "Claimant": John E. Lawlor, Esq., a sole practitioner, Mineola, NY. Previously represented by: Robert C. Hess, Esq. and Alan G. Graffin, Esq., Harold Leib & Associates, P.A

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between ) Jeffrey B. Greene Claimant ) AWARD vs. ) CASE #88-02356 Dania Securities, Inc. Respondent ) SUMMARY OF ISSUES Claimant alleged Respondent breached an; agreement to produce and market an offing memorandum for a limited partnership to be called Pendragon Equine Investment Group. Claimant alleged he paid Respondent in advance for services to be rendered, and