Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Name of the Claimant Case Number: 01-03028 Alton T. Davis, Jr. Name of the Respondents Hearing Site: Chicago, Illinois Salomon Smith Barney, Inc. and William Lee REPRESENTATION OF PARTIES Claimant Alton T. Davis, Jr. ("Davis"), hereinafter referred to as "Claimant," was represented Bradley P. Nelson, Esq. of the firm Schopf & Weiss located in Chicago, Illinois. Respond

NASD AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between Elbert Derrick and 94-01347 Shearson Lehman Brothers, Inc. and Jack Pausman REPRESENTATION OF PARTIES Claimant, Elbert Derrick, was represented by Mark Larson, Esq. of Dommermuth, Brestal, Cobine & West, Ltd., Naperville, Illinois. Respondents, Shearson Lehman Brothers, Inc. and Jack Pausman, were represented by Ann Parry, Esq. of Smith Barne

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant George R. Hammer 94-01336 Name of Respondents Edward D. Jones & Co. Brian T. Duffy CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on April 8, 1994, Claimant George R. Hamrtler, who appeared Pro Se, alleged that Respondents Edward D. Jones & Co. and Brian Duffy overcharged him for the

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Ronald J. Abbott 94-01322 Name of Resnonden^ PaineWebber Incorporated REPRESENTATION For Claimant: Ronald J. Abbott ("Abbott") was represented by Susan Mumane, Esq. of Chirco, Herrinton, Runstadler & Thomas, located in Troy, Michigan. For Respondent: PaineWebber Incorporated ("PaineWebber") was represented by Michael P. Coa

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS. INC. In the matter of the Arbitration Between Name of Claimant Taira Nagasawa, Custodian for Lucy H. Nagasawa NASD Arbitration #94-01392 vs. Name ot Respondents Cowen & Company Whale Securities Co., L.P. Calvin Mees Reynolds Kendrick Stratton, Inc. Robert A. Williky William R. Page REPRESENTATION For Claimant: Morton Levy, Investor Advocates, Emeryville, Californi

Award NASD In the Matter of the Arbitration Between: Name of Claimant James and Tammie Baxley Name of Respondent Morgan Stanley DW Inc. Case Number: 01-03026 Hearing Site: New Orleans, Louisiana REPRESENTATION OF PARTIES For James and Tammie Baxley ("Claimant"): L. Jerome Stanley, Esq., L. Jerome Stanley, P.C., Baton Rouge, Louisiana. For Morgan Stanley DW Inc. ("Respondent"): David D. Sterling, Esq., Baker Botts, L.L.P., Houston, Texas.

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant John N. Sias Award No. vs. 94-01376 Name of Respondent Lionel Bonrassa REPRESENTATION Claimant, John N. Sias, ("Claimant"), represented himself at the hearing. For Respondent, Lionel Bonrassa, ("Respondent"), Bryan Killian, Esq. from the law firm of Sherin & Lodgen, located in Boston, Massachusetts. CASE INFORMATION

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Karen Nelson No. 94-01366 Name of Respondents Dain Bosworth, Inc. Noah Eisenberg OF PARTIES Claimant, Karen Neilsen ("Claimant") was represented at the hearing by Linda Ojala, Esq. of Kurzman Grant & Ojala, Minneapolis, Minnesota. Respondents, Dain Bosworth, Inc. ("Dain") and Noah Eisenberg ("Eisenberg") were represent

NASD Arbitration No. 94-01308 N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS. INC. In the matter of the Arbitration Between Name of Claimant(s) Grace L. Allen Name of Respondent(a) Robert Deutsch RBPRESENTATIQN For Claimant: Grace L. Allen, Mountain View, California For Respondent: Ann Parry, Esq., Smith Barney Shearson Inc., New York-, New York ^ CASE INFORMATION Statement of Claim filed: February 2, 1994 Addition

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant(s) Edward and Diane Loeb 94-01302 Name of Respondents') John Hurley Thomas James Associates, Inc. CASE SUMMARY In a claim filed with National Association of Securities Dealers, Inc. on April 6, 1994, Claimants, Edward and Diane Loeb, who appeared Pro Se, alleged that Respondents, John Hurley and Thomas James Associates, can