N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of C r laimftnt Lawrence C. Hesse 94-00190 fame of Robert W. Baird & Co., Inc. Lewis E. Butler REPRESENTATION For Claimant, Lawrence C. Hess, appeared J. Scott Kramer, Esq. from the law firm of Duane, Morris & Heckscher located in Philadelphia, Pennsylvania. For Respondents, Robert W. Baird & Co., Inc. and Lewis E. Butler, appe

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant James W. Venner 94-00188 Name of Respondents Smith Barney Shearson. Inc. Mitchell Haberman REPRESENTATION For Claimant: David A. Lewis, Esq., Morristown, New Jersey. For Respondent: Douglas C. Wurth of Smith Barney Shearson Inc., New York, New York. CASE INFORMATION Statement of Claim filed: January 14, 1994. Cl

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants George A. and Isabel DeJuan Jocher 94-00184 Name of Respondents Merrill Lynch Pierce Fenner & Smith Inc Barry M. Kornfeld Carl Meyer REPRESENTATION Claimants George A. and Isabel D. Jocher ("Claimants") were represented at the hearing by Donald J. Crawford, Attorney at Law. Respondents Merrill Lynch Pierce Fenner and S

N.A.S.D. STIPULATED ARBITRATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant First Albany Corporation 94-00181 Name of Respondent Charles Zanleoni REPRESENTATION For Claimant: Jack D. Harvey, Esq. of Harvey and Harvey, Harvey & Mumford, Albany, New York. For Respondent: Charles Zanleoni represented himself. CASE INFORMATION Statement of Claim filed: December 28, 1993.

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of Arbitration Between Name of Claimant Jacqueline A. Tosi as Executor of the Estate of Byron G. Tosi 94-00179 Name of Respondents Gruntal &Co., Inc. Milton E. Stanson Peter M. Vita For Claimant Byron G. Tosi ("Claimant") appeared Kevin A. Brousell, Esq., a sole practitioner located in New York, New York. For Respondent Gruntal & Co., Inc., ("GruntaT) appeared Jo

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of die Arbitration Between J.W. Charles Securities, Inc. 95-00173 Robert J. Solt, Jr. CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on January 12, 1995, Claimant J.W. Charles Securities, Inc., ("Claimant"), through its representative and in-house counsel, Charles E. Scarlett, Esq., located in Boca Raton, FL, alleged that Respondent Rober

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS Name of Claimant Interstate/Johnson Lane Corp. 94-00172 Name of Respondent Arthur N. Johnson REPRESENTATION For Claimant Interstate/Johnson Lane Corp. ("Claimant") appeared Pamela P. Wamement, Esq.. Deputy General Counsel of Interstate/Johnson Lane Corp. located in Charlotte, North Carolina. For Respondent Arthur N. Johnson ("Respondent") appeared Carl B. Hubbard, Esq. of the law

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Kenneth and Lillian Lee Case No. 94-00160 Name of Respondents Brokers Investment Corporation Michael Grossman REPRESENTATION For Claimant, Kenneth and Lillian Lee (the "Lees"): Brian J. Sheen of Investment Loss Recovery Services, Inc. of Boca Raton, Florida. For Respondent, Brokers Investment Corporation ("BIG"): pro se (s

f * Award NASD Dispute Resolution COPY In the Matter of the Arbitration Between: Ann Gifford, Claimant v. Raymond James Financial Services, Inc., Paul Hanson, Jr. and Ellen E. Shell, Respondents Case Number: 01-02923 Hearing Site: San Francisco, California Nature of the Dispute: Customer vs. Member and Associated Persons REPRESENTATION OF PARTIES For Claimant: Timothy Canning, Esq. Richard Sacks Novato, California For Respondent

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimantf st Mendel and Sara Bialogorsky Name of RespondentCs) Mark A. Brannigan Schneider Securities, Inc. 94-00158 For Claimants Mendel and Sara Bialogorsky ("the Bialogorskys"): Howard Weinstein, Esq. of the Law Offices of Thomas E. Click, P. A., Miami, FL. For Respondents Mark A. Brannigan ("Brannigan") and Schneider Securities, Inc