NASD AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. — In the Matter of the Arbitration Between Name of Claimant Walter L. Schmelzel and 93-05034 Name of Respondent Richard W. Rogers Multi-Financial Securities Corporation REPRESENTATION OF PARTIES Walter L. Schmelzel ("Claimant") was represented by Jeffrey J. Scott, Esq., Krys Boyle Golz Reich Freeman & Scott, Denver, Colorado. Richard W. Rogers ("Respondent Rogers") was represent

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants) Case No. Prudential Securities Inc. vs 93-05033 Name of Respondent Gary S. Isaacs REPRESENTATION For Claimant, Prudential Securities Incorporated ("PSI"), appeared Gilbert W. Boyce, Esq. of Kutak Rock. For Respondent, Gary S. Isaacs,("Isaacs") appeared Jeffrey L. Liddle, Esq. of Liddle, Robinson & Shoemaker. CASE

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name, nf the. Claimant Morgan Stanley DW Inc. (formerly Dean Witter Reynolds, Inc.), Name of the Kevin Sorrels, Case Number- 01-02865 Hearing Site: Houston, Texas ttFPttF< gFATATTOSJ O Claimant, Morgan Stanley DW Inc., hereinafter referred to as "Claimant," was represented by Diane C. Fischer, Esq. of Kane & Fischer, Ltd located in Chicago, Illinois.

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Shawn Hull 93-05084 Name of Respondents Franklin-Lord, Inc. Timothy E. Young CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on December 8, 1993, Claimant Shawn Hull, through his representative, Robert M. Roth and Associates, Appleton, WI, alleged that Respondents Franklin-Lord, Inc.

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Clai Richard G. Gibby 93-05083 Name of Respondents Timothy E. Young Franklin Lord, Inc. CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on December 8, 1993, Claimant Richard G. Gibby, through his representative Robert M. Roth, alleged that he had no investment experience prior to opening an

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS. INC. In the matter of the Arbitration Between Name of Claimant Margery F. Binch NASDArbitration No. 93-05079 Name of Resondents Gruntal 8c Co., Inc. Ronald Shoen REPRESENTATION For Claimant: Reed H. Bement, Esq. - San Francisco, California For Respondents: Donald N. Cohen, Esq. - Gruntal & Co., Inc. - New York, N. Y. CASE INFORMATION Statement of Claim filed: December 8,1

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Robert B. Gecker 93-05071 Name of Respondents Ron Combs CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on December 7, 1993, Claimant Robert B. Gecker, who appeared Pro Se, alleged that Respondent Ron Combs, while Chief Executive Officer at Portfolio Asset Management, Inc., wrote and

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant/Counter-Respondent The Principal/Eppler, Guerin & Turner 93-05070 Name of Respondent/Counter-Claimant Wayne A. Mclntosh Claimant Principal/Eppler, Guerin & Turner ("P/EGT" or "Claimant") was represented by Joel P. Hoxie, Esq. and Brian I. Campbell, Esq., of Snell & Wilmer, Phoenix, Arizona. Respondent Wayne A. Mclntosh ("Mclntosh"

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Dorothy A. DaPonte 93-05068 Name of Respondent Fidelity Investments CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on December 8, 1993, Claimant Dorothy A. DaPonte, who appeared Pro Se, alleged that Respondent Fidelity Investments, through its broker, Tammy Eikenhorst, failed to follow h

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Frederick W. Wall 93-05067 Name of Respondents Thomas F. White & Co., Inc. Lombard Institutional Brokerage White Discount Securities Thomas F. White Robert Angle Linda Wong Anne Huang Yvette DeLozada CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on December 8, 1993,