NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Robert G. Frey Claimant(s) vs. 90-00123 Cecelia Carter and Blinder, Robinson & Co., Inc. Respondent(s) NOTICE OF ARBITRATION AWARD CASE SUMMARY Claimant(s) Robert G. Frey alleged that Respondent(s) Cecelia Carter and Blinder, Robinson & Co., Inc. executed an unauthorized transaction in Claimant's account. Respondent Blinder, Robinson & Co.

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Heiti Kotkas Claimant(s) NOTICE OF ARBITRATION vs. AWARD 90-00122 First Albany Corporation and Gene Altntan Respondent(s) CASE SUMMARY Claimant(s) Heiti Kotkas alleged that Respondent(s) First Albany Corporation and Gene Altman made an improper liquidation. Respondent(s) answered contending that they acted in good faith on the directions given by Clai

N.A.S.D. AWARD ASSOCIATION OF SECURITIES DEALERS la the Matter of the Arbitration Between ) ) Name of Claimant (s) ) *-«»»«««»,»_ } George ) CWe Mb. 90-00117 Name of Respondent (s) ) :=_»__**» ) Morgan ffUyWnr"* Holding Corp. ) Morgan Gladstone & Co., lac. ) Richard Gladstone ) Kerry For Claimant, George Doehring ("Doehring"): Ehilip Snyderburn, Esq. of Snyderburn, Rlshoi & Swam. For Respondents, Muivwi 1 iriM

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between") ) JtomgofC^iaanti^ ) ) Alexander 6. Rappaport ) ) ) Case No. 90-00116 ) NmBofjtesrontentfsl ) ) First Union Brokerage Services, Inc. ) Heard before the markers of the Arbitration Panel: George S. Colt, Jr., Esq. Public Eugene B. Harper Industry Joseph A. Vfeston Public This matter was initiated by a Statement of Claim

I I N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the totter of the Arbitration Between Phyllis Price 90-00114 Rotan Moale Inc. John Nadlenan CASE SOMKr In a claim filed with the NASD on or about January 8, 1990 Phyllis Price ("Claimant") alleged that John Nadleman and Rotan Masle Inc. (collectively "Respondents"): 1) engaged in a scheme to induce borrowing by misrepresenting and failing to disclose material information co

N.A.S.D. AWARD NftTICNAL ASSOdATICK OF Sa.UKi'1'lES DEALERS In the Matter of the Arbitration Between T ) Name of daiaantts) ) *—— -^-^ ) Louis Kramer ) ) ) Case No. 90-00112 Name of Marrill Lynch Pierce Fanner & Smith IDC } D. *•* yrfrfriqyf fT" } For Claimant, Louis Kramer ("Krascner") s John P. Mmrinelli, Bvq. of the Law Offices of John P. Marinelli, P.A. For Respondents, Merrill Lynch Pierce Famer & Snith, inc. (•Merri

NATIOHAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between ) Kathleen Lea Lanier, ) Marion Lee Dowell and ) Leta E. Dowell ) Claimants ) ) AWARD VS. ) ) NASD #90-00047 Shearson Lehman Hutton, Inc., and ) RusBell A. Beck ) Respondents ) __ ) SUMMARY QF ISSUES This case was filed with the National Association of Securities Dealers, inc., ("NASD") on January 2, 1990. Claimants alleged v

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Technical Specialty Systems, Corp. and Names of Respondents American General Securities, Inc. Dennis T. Siamis Case Number: 01-03117 Hearing Site: Omaha, Nebraska REPRESENTATION OF PARTIES Technical Specialty Systems, Corp. ("Claimant") was represented by John D. Hudson, Esq., Williams, Blackburn, Hudson & Maharry, Des Moines, Iowa. American G

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS ~In the Matter of the Arbitration Between Name of Claimant; (s j Ella Turk 90-00042 Name of Respondent/s) Boenning & Scattergood vs. Francis Simola Martin W. Dowdell Heard before: Name Public/Industry Richard B. Laden, Esq. Public Arbitrator Harold Stein Public Arbitrator Allen Lang Industry Arbitrator This matter was initiated by a Statement of Claim filed with th

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between Nick Yie-Ming Hsieh Lisa Li-Hsia Hsieh Claimants vs. Shearson Lehman Brothers, Inc. Harold Lau ) ) AWARD ) NASD No. 90-00040 Respondents SUMMARY OF ISSUES This case was filed with the National Association of Securities Dealers, Inc. ("NASD") on January 2, 1990. Claimants alleged misrepresentation and lack of suitability in the trading