N. A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Michael Brooks Zajaczkowski 93-02055 Name of Respondents Portfolio Asset Management/USA Financial Group Ronald S. Combs CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on May 24, 1993, Claimant Michael Brooks Zajaczkowski, who appeared Pro Se, alleged that Respondents Portfolio Asset

NASD AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between Name of Claimant Joseph Trupiano, Jr. and Patrizia Trupiano and 93-02049 Name of Respondents Olde Discount Corporation and Thomas Brehm REPRESENTATION OF PARTIES Joseph Trupiano, Jr. and Patrizia Trupiano ("Claimant") were represented by Joseph H. Spiegel, Esq., Southfield, MI. Olde Discount Corporation ("Olde") and Thomas Brehm, ("Brehm")(co

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Philo Finch and Fern Finch 93-02047 Name of Respondents The Bradbury Financial Group, Inc.; Randall Earl Bradbury; Securities America, Inc. REPRESENTATION For Claimants: Philo Finch and Fern Finch ("Finch") were represented by Eric S. Richards, Esq. of Warner, Norcross & Judd, located hi Grand Rapids, Michigan. For Res

JUL-13-9S 14.43 FROM = NASD REGULATION ID. onr-o n Jf , "Mlafc 2/B N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION, INC. In the Matter of the Arbitration Between Name of Claimant Thomas V. Grohraaim 93-02043 -of Respondents James Sculkn Janes Coutlakis REPRESENTATION Claimant Thomas V. Grohmarm ("Claimant") was represented by Jeffrey P. Bloom, Esq., Duane Morris and Heckseher, Washington, D.C.

N.A.S.D. AWARD NATIONAL ASSOrJATTON OF SECURTTTRS DEALERS. INC. In the matter of the Arbitration Between Name of Claimants Charles E. Rowland and Bette Ann Rowland v. NASD Arbitration No. 93-01938 Name of Respondents Drake Capital Securities and Greg Norlander REPRESENTATION For Claimants: Dennis G. Merenbach, Esq. and J. Leo Fedennan, Investors Rights Association, Santa Barbara, California For Respondent Drake Capital Securities ("D

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Nasheng Lin 93-01931 Name of Respondents David Chen Yu Quest Capital Strategies, Inc. Paulson Investment Co. Chiseng Lin CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on May 13, 1993, Claimant Nasheng Lin, through her counsel Howard D. Hall, Pettis, Tester, Kruse & Krinsky,

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants') Carla Fracci 93-01930 Name of RespondentCs*) Shearson Lehman Brothers, Inc. Gerard Celmer For Claimant: William M. Roth, Esq. of New York, NY. For Respondent Shearson Lehman Brothers: Esther Koslow, Esq., in-house counsel at Smith Barney Shearson, Inc. For Respondent Gerard Celmer: Eric W. Berry, Esq. of the law firm of

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant John Madonis 93-01912 Name of Respondents Bear Steams & Company Kevin Charles Haag Jack T. Bayer Steven Benjamin Nakovich REPRESENTATION Claimant John Madonis was represented at the hearing by Peter J. Karabas, Esq. of Abramson & Fox, Chicago, Illinois. Respondents Bear Stearns & Co., Inc., Jack T. Bayer, and Steven

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimantfs^ David W. Jonsson Case No. 93-01860 Name of Resoondentf si Raymond, James & Associates, Inc. Thomas A. James Raymond James Financial, Inc. Lawrence A. Silver Frederick L. Botts Alfred R. Ernst, Jr. Alex J. Sabo, Jimmy Pate, and Herbert Ehlars REPRESENTATION For Claimant, David W. Jonsson ("Jonsson"): Boris J.

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants J.B. Hanauer & Co. 93-01853 Name of Respondents A. Webster Dougherty & Co. Inc. Constantin G. Alio Peter J. Galiano James Dotzman REPRESENTATION For Claimant J.B. Hanauer & Co., Inc. ("Hanauer"): Jeff Wild, Esq. of Lowenstein Sandier Kohl Fisher Boylan of Roseiand, New Jersey. For Respondents A. Webster Dougherty &