NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between William and Yolanda Williams Claimants vs. PaineWebber, Jackson & Curtis, Inc. and David Sturgis Respondents Case #88-01493 AWARD CASE SUMMARY Claimants, William and Yolanda Williams alleged Respondents, PaineWebber, Jackson & Curtis, Inc. knowingly and intentionally recommended and purchased unsuitable securities for Claimants account. Claimant

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between x x Gerald Scher, x Claimant, x x CASE NO. vs. x 90-00269 x Bear Stearns & Co., Inc., and x AWARD Lawrence Friedlander, x Respondents. x . x CASE SUMMARY Claimant, Gerald Scher ("Scher"), alleged that the Respondents, Lawrence Friedlander ("Friedlander") and -Bear Stearns & Co., Inc. ("Bear Stearns"), churned, executed unauthorized t

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Frank J. Roberts III tte Bette A. Roberts vs. Claimant(s) 90-00268 Merrill Lynch, Pierce, Fanner & Smith, Inc. Respondent(s) NOTICE OF ARBITRATION AWARD CASE SUMMARY Claimant(s) Frank J. Roberts III tte Bette A. Roberts alleged that Respondent(s) Merrill Lynch, Pierce, Fenner & Smith, Inc. sold through misrepresentation an investment which

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Cj 1 aJjffB\t($) William T. Sisson 90-00267 R n d t f s Rauscher Pierce Refsnes, Inc. Douglas W. Norsten Simeon R. Trotter Harry Ballard Claire Lewis Heard before: Marc C. Scott, Jr. Public Chairman Steven K. Lura Public Michael L. Diersen Industry This matter was initiated by a Statement

N.A.S.O. AWARD NATIONAL ASSOCIATION OF SECURITIES DEAI£RS In the Matter of the Arbitration Between Alice Van Kirk Claimant 90-00263 and Jon Johnson Respondent Third-Fart/ Claimant and Dain Bosworth Incorporated Third-Party Respondent Claimant was represented by: Frank McAnulty, Esq. of O'Brien, Shriek, Wolf, Deaner & Downing, Rochester, Minnesota. — c Third-Party Claimant, Jon Johnson was represented by: John Warchol,

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Malireddy R. Reddy and Usha M. Reddy, Claimants v. Waterhouse Securities, Inc., Frank J. Petrilli and Joseph Armellino, Respondents Case Number: 01-03245 Hearing Site: Los Angeles, California REPRESENTATION OF PARTIES For Claimants: Steven B. Caruso, Esq. Maddox, Koeller, Hargett & Caruso New York, New York April M. Chung, Esq. Theodore A. Kresbsbach & Associates

N.A.S.D. AWARD NfiTICNAL ASSOCIATION Or SECURITIES DEALERS ~ln the Matter of the Arbitration Between Mane of Claimants\ Atkins Realty, Inc. 90-00260 Name of Respondent^) PaineWebber, Inc. Robert J. Bukowski In a Statement of Claim filed with the National Association of Securities Dealers, Inc. ("NASD") on January 24, 1990, Claimant Atkins Realty, Inc. alleged that Respondent Robert J. Bukowski, while acting as an agent or employee of Res

N.A.S.D. AWARD NATIONAL ASSOCIATICN OF SECURITIES DEALERS In the Matter of the Arbitration Between John T. Kartesz 90-00257 Name of Remnrytant" ( s ) Kennedy, Cabot & company David Paul Kane Don Wascher Heard Before: Industrv Francis 0. Spalding Public_ John J. Flynn Public_ Anne Hennegar Industry^ This matter was initiated by a Statement of Claim filed with the National Association of Securities Dealers, Inc. ("NASD") on Jan

HaTIONAL ASSOCIATION OF SECURITIES DEALERS, IHC. In Che Matter of the Arbitration Between/Among Judy Kaszas Claimanc Award vs. Rosenkrantz Lyon & Ross and John Haisey Respondents Case #90-00256 CASE SUNMtftT In a claim filed by the Claimant on January 23, 1990, Claimant Judy Kaszas ("Claimant") alleged that Respondent Rosenkrantz Lyon & Ross ("Rosenkrantz") and John Haisey ("Haisey") placed her in unsuitable investments. Clai

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Rosemary E. Lindquist Claimant(s) ARBITRATION vs. AWARD 90-00254 Curtis Coleman and Les Livingston Respondent(s) NOTICE OP CASE SUMMARY Claimant(s) Rosemary E. Lindquist alleged that Respondent(s) Curtis Coleman and Les Livingston made unsuitable stock purchases and, against her instructions, also bought for her account on margin. Claimant den