N.A.S.D. AWARQ NATIQNAL ASSOCIATION OF SECURITIES DEALERS. INC. In the matter of the Arbitration Between Name of Claimant(s) Vernon and Isabelle Elstad, as Trustees of the Elstad Family Trust NASD Arbitration No. 93-03296 Name of Respondent(s) Royal Alliance Associates, Inc. Gary W. Sherwold REPRESKMTATIQN For Claimants: Paul N. Young, CEO, Securities Arbitration Group, Inc., Marina del Rey, California For Respondents: Robert M.

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Caryn Descombes 93-03295 Name of Respondent Christopher A. Westerfield CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on August 23, 1993, Claimant Caryn Descombes, who appeared Pro Se, alleged that she loaned $4000.00 to Respondent Christopher Westerfield in the form of a promissory

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Marguerite D. Burgess 93-03291 of Respondents Advantage Capital Corp. William N. Cadden & Co., Inc. William M. Leeb REPRESENTATION Claimant Marguerite D. Burgess ("Burgess") was represented at the hearing by William N. Butler, Esq. of the law firm of Howard, Butler & Melfa, Towson Maryland. Respondents Advantage Capital

N.A.S.D. AMENDED AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Commonwealth Associates, Inc. 93-03290 Nanieof ResBpndent Lew Lieberbaum & Co., Inc. Name of Third-Patty Respondents Michael Falk Kerry J. Dukes REPRESENTATION For Claimant and Third-Party Respondents: Sandra D. Grannum, Esq. of Tenzer, Greenblatt, Fallen & Kaplan located in New York, New York. For Responden

>f N.A.S.D. AWARD Til 1 100 NATIONAL ASSOCIATION OF SECURITIES DEALERS I In the Matter of the Arbitration Between Name of Claimant Chester P. Rosen 93-03289 Names of Respondents Shearson Lehman Hutton, Inc. William Haas REPRESENTATION For Claimant, Chester P. Rosen ("Rosen"): Chandra L. Parker and Mitchefi Perlstein of Parker Perlstein & Co., Boca Raton, FL. For Respondents, Shearson Lehman Hutton, Inc., ("Shearson") and

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS • i. In the Matter of the Arbitration Between Name of Claimants Roger A. Madden « • r 93-03347 Name of Respondents Hibbard Brown & Company, Inc. Dennis Lomax Timothy A. Walter CASE SUMMARY In a claim Filed with the National Association of Securities Dealers, Inc. on August 24,1993, Claimant Roger A. Madden, who appeared Pro Se, alleged that he told Respondent Timothy Walte

N.A.S.D. STIPULATED AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant PaineWebber, Inc. vs. 93-03288 Name of Respondent James P. Maloney WHEREAS, Claimant PaineWebber Incorporated ("PaineWebber") and Respondent James P. Maloney ("Maloney") entered into a promissory note (No. 2645 dated April 16, 1990 (the "Note"), whereby Maloney promised to pay certain sums of money to PaineWebber if

A „ ORIGINAL Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: First Western Advisors, Claimant v. Steven A. Reber, Respondent Steven A. Reber, Coimterclaimant v. First Western Advisors, Counter Respondent Steven A. Reber, Third-party Claimant v. Donaldson, Lufkin & Jenrette Securities Corp. and Brian Kasteler, Third-party Respondents Case Number: 01-02668 Hearing Site: Salt Lake City, Utah For Claimant/Counter Respon

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant PaineWebber Incorporated 93-03280 Name of Respondent Lambert Peterson CASE SUMMARY In a claim tiled with the National Association of Securities Dealers, Inc. on August 20, 1993, Claimant PaineWebber, Inc., through its in-house counsel, Garry J. Stegeland, Esq. alleged that Respondent Lambert Peterson had a margin account with a

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claiman^ PaineWebber, Inc. 93-03278 Name of Respondent Richard S. Gobroski CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on August 20,1993, Claimant PaineWebber, Inc. through its in-house counsel Garry J. Stegeland, alleged that Respondent Richard S. Gobroski failed to pay a debit balance create