4 N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between e of Claimant Janney Montgomery Scott, Inc. 93-04627 Name of Respondent David E. Snyder REPRESENTATION Claimant Janney Montgomery Scott, Inc. ("Janney Montgomery") was represented at the hearing by Mary Ann M. Melchiorre, Esq. of Janney Montgomery Scott, Inc. Respondent David E. Snyder ("Snyder") was represented at the hearing by Barry H.

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants L.E. Hester, Jr. 93-04626 Name of Respondents Smith Barney Shearson, Inc. John M. Capito, Jr. CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on November 8,1993, Claimant L.E. Hester, Jr., who appeared Pro Se, alleged that Respondent John M. Capito, Jr. ("Capita"), who was an account

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Slawomir Sieminski and Barbara Sieminski, Claimants v. Investec Ernst & Company and Regal Discount Securities, Respondents Case Number: 01-02829 Hearing Site: San Francisco, California REPRESENTATION OF PARTIES For Claimants: Slawomir Sieminski Fremont, California For Respondent Investec Ernst & Company: Rita Burghardt McDonough Investec USA Holdings Corp. New York, New

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant(s) Elizabeth Kurfurst Case No. 93-04621 Name of Respondent(s) Smith Barney, Shearson, Lehman, Hutton and Robert Thompson REPRESENTATION For Claimant, Elizabeth Kurfurst ("Kurfurst"): Michael W. Pursley, Arbitration Research Consultants, of Safety Harbor, Florida. For Respondents, Smith Barney, Shearson, Lehman, Hutton and R

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS. INC. In the matter of the Arbitration Between Name of Claimant PaineWebber, Inc. NASD Arbitration No.93-04620 Name of Respondent Jesse Villaieal, Jr. REPRESENTATION For Claimant: Nicholas P. Kapur, Esq., PaineWebber, Inc., Weehawken, New Jersey For Respondent: Robert A. Sacks, Esq., Portland, Oregon CASE INFORMATION Statement of Claim filed: November 5, 1993 Claimant's Su

NASD Arbitration No. 93-04616 N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the matter of the Arbitration Between Name of Claimant(a] C.A. Stief Name of Respondent (s) Smith Barney Shearson, Inc. Edward Moran REPRESENT.ATIQN For Claimant: Bruce R. Safran, Esq., Tarzana, California For Respondents: Paul K. Barenholtz, Esq., Smith Barney, Inc., New York, New York CASE INFORMATION Statement of Claim filed: N

NASD Arbitration #93-04615 N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the matter of the Arbitration Between Na.me_of Claimant The Doris H. Yager Revocable Family Trust vs. Name of Respondents Roger Smith James R. Johnson Joseph B. Nix REPRESENTATION For Claimant: Richard Sacks, Investors Recovery Service, Novato, California For Respondents: Thomas J. LoSavio. Esq., Low, Ball & Lynch. San Francisco, Califor

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Mariynn K. Clayton, ttee. 93-04604 Name of Respondents PaineWebber, Inc. William Blanton REPRESENTATION For Claimant: Gregory Bartko, Esq. of Graham & James, Raleigh, North Carolina. For Respondents: A. Todd Brown, Esq. of Hunton & Williams, Raleigh, North Carolina. CASE INFORMATION Statement of Claim filed: November 3,

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant B. W. Fowler 93-04600 Name of Respondents A.S. Goldmen & Co., Inc.; John Catalano REPRESENTATION For Claimant: B.W. Fowler ("Fowler") was represented by J. Keith Friley, Esq. of Baton Rouge, Louisiana For Respondent: A.S. Goldmen & Co., Inc. ("Goldmen") and John Catalano ("Catalano") were represented by Carole R. Bernst

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants') Edward L. Pascarclla 93-04590 Name of Resoondentf s) Shearson Lehman Brothers, Inc. John J. Flading REPRESENTATION For Claimant Edward L. Pascarella: Jay M. Sawilowsky, Esq., Augusta, GA. For Respondents Shearson Lehman Brothers, Inc. and John J. Flading: Terry R. Weiss, Esq. of the law firm of Long Alridge and Norman, A