AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimants Tim A. Freese and Kimberlee A. Freese, Trustees of the Freese Family Trust, Timothy Allen Freese, Trustee Mechanical Design Inc. Pension Plan dated December 28,1994, and Mechanical Design Inc. Profit Sharing Plan dated January 18, 1995, Tim A. Freese, Trustee. and 01-03111 Phoenix, Arizona Name of Respondents Morgan Stanley DW Inc. William H. Pluchel

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between Name of Claimant Joseph G. Truhan Case No. 00-00942 Names of Respondents Barron Chase Securities, Inc. Conrad Hugh Lantz Hearing Site: Tampa, Florida REPRESENTATION OF PARTIES For Joseph G. Truhan, hereinafter referred to as "Claimant": Patrick A. Davis, Esq., Clearwater, FL. For Respondent Barron Chase Securities, Inc. ("BCS"): Howard Feinmel, Chief Complia

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC, In the Matter of the Arbitration Between Peter Geran and Charlotte Geran Claimants vs. #90-00058 Shearson Lehman Button, Inc. Respondent AWARD CASE SUMMARY Claimants, Peter and Charlotte Geran ("Geran"), alleged that Respondent, Shearson Lehman Button, Inc. ("Respondent") disregarded Claimants•investment needs so that Respondent could profit. Claimants alleged that Respondent made unsu

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between John N. Taylor, Jr. on behalf of Margaret Helen Taylor Claimant(s) vs. 90-00055 Prudential-Bache Securities, Inc. Respondent(s) NOTICE OF ARBITRATION AWARD CASE SUMMARY Claimant(s) John N. Taylor, Jr. on behalf of Margaret Helen Taylor alleged that Respondent(s) Prudential-Bache Securities, Inc. failed to advise Claimants prior to executin

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Robert Koening et al. Claimant(s) vs. 90-00054 Olde Discount Corporation Respondent(s) NOTICE OF ARBITRATION AWARD CASE SUMMARY Claimant(s) Robert Koening et al. alleged that Respondent(s) Olde Discount Corporation should share at least one-half of the loss experienced by Claimant from following Respondent's instructions to mail a stock certif

N.A.S.D. JWRD NKFKNRL ASSOdKETCN OF SECURITIES DEAUERS In the Matter of the Arbitration Between Mama of Stanley & Helen Fbfod, J1WRDS 90-00051 Oorna and Co., Inc. Richard Martyui Claimants ail^gpd that Respondents misrepresented the price of stock that he purchased causing hi* to overpay $8,100.00 in his purchaae. Respondents naintained that the price of the camcn stock was appropriate at the tiny* it was offered to the CLaimants and denied

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between of PI a i mants Richard P. Wolsfeld, Jr. 90-00050 Name of Respondent^ Piper, Jaffray & Hopwood, Inc. Warren Michael Adams Case Sunmry Richard P. Wblsfeld ("Claimant") alleged that Warren Michael Adams ("Adams"), a registered representative of Piper, Jaffray, & Hopwood, Inc. ("Piper") (Adams and Piper are collectively referred to herein as "

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Eugene W. Gabriel Claimant(s) vs. 90-00049 Hibbard Brown and Joseph Chester Respondent(s) NOTICE OP ARBITRATION AWARD CASE SUMMARY Claimant(s) Eugene W. Gabriel alleged that Respondent(s) Hibbard Brown and Joseph Chester misrepresented material facts as to Claimant's investment with Respondent. Respondent(s) deny Claimant's allegations.

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. / In the Matter of the Arbitration Between ) Dorothy Clark ) Claimant ) ) AWARD vs. ) ) NASD NO. 90-00048 Alex Brown & Sons, Inc. } Robert Dietrich ) Respondents ) SUMMARY OP ISSUES This case was filed with the National Association of Securities Dealers, Inc. ("NASD") on January 2, 1990. Claimant alleged: 1. churning; 2. breach of fiduciary duty;^3.^ unsuitability; 4. misre

Award NASD Dispute Resolution In the Matter of the Arbitration Between: The Helen Tenenholtz Revocable Trust dated 12/8/94, Claimant v. Morgan Stanley DW Inc., Morgan Stanley & Co., Incorporated, Morgan Stanley Trust, and Morgan Stanley, Respondents Case Number: 04-08835 Hearing Site: San Diego, California Nature of the Dispute: Customer v. Members and Non-Members REPRESENTATION OF PARTIES For Claimant the Helen Tenenholtz Revocable Trust dated