N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Christine M. Schupbach 93-01754 Name of Respondent Prudential Securities Inc REPRESENTATION For Claimant: Shannon Antle Hamilton and James D. Moyer from the law firm of Stites & Harbison located in Louisville, Kentucky. For Respondent: David B. Sandier from the law firm of Westfall, Talbott & Wood located in Louisville, Ken

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Teal Traina 93-01748' Name of Respondents i Fahnestock & Co., Inc. John Moore REPRESENTATION Claimant Teal Traina ("Claimant") was represented by John E. Lawlor, Esq., Attorney at Law, Garden City, New York. Respondents Fahnestock & Co., Inc. ("Fahnestock") and John Moore ("Moore") were represented by Charles E. Pad

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Treena Sokol Hans Kaemmlein Ronnie Berger Matthew Matza Michael Kleban Barbara Frank 93-01623 Dennis Schweber 93-01624 H. Thomas Fersti 93-01628 93-01631 93-01632 93-01633 93-01634 93-01635 Name of Respondents Joseph R. Hoard, Jr. Shamrock Partners, Ltd. Brian G. McGowan Craig Medoff

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Morgan Stanley Dean Witter, Inc. (t/a Morgan Stanley), Claimant v. Delon Bradley, Joseph Manos, Rebecca Saxton, and First Union Securities, Inc., Respondents Case Number: 01-02592 Hearing Site: Las Vegas, Nevada REPRESENTATION OF PARTIES For Claimant: Patrick J. Folan, Esq. St. John, Wallace, Brennan & Folan LLP Torrance, California For Respondents: William D. Nels

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Treena Sokol Hans Kaemmlein Ronnie Berger Matthew Matza Michael Kleban Barbara Frank 93-01623 Dennis Schweber 93-01624 H. Thomas Ferstl 93-01628 93-01631 93-01632 93-01633 93-01634 93-01635 Name of Respondents Joseph R. Huard, Jr. Shamrock Partners, Ltd. Brian G. McGowan Craig Medoff

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Treena Sokol Hans Kaemmlein Ronnie Berger Matthew Matza Michael Kleban Barbara Frank 93-01623 Dennis Schweber 93-01624 H. Thomas Ferstl 93-01628 93-01631 93-01632 93-01633 93-01634 93-01635 Name of Respondents Joseph R. Huard, Jr. Shamrock Partners, Ltd. Brian G. McGowan Craig Medoff

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant John R. Pepe 93-00516 Name of Respondents Emanuel & Company Eric D. Emanuel REPRESENTATION For Claimant John R. Pepe ("Claimant") appeared Stafford W. Thompson, Esq., a sole practitioner located in Red Bank, New Jersey. For Respondent Emanuel & Company and Respondent Eric D. Emanuel (collectively referred to as "Respond

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Treena Sokol Hans Kaemmlein Ronnie Berger Matthew Matza Michael Kleban Barbara Frank 93-01623 Dennis Schweber 93-01624 H. Thomas Ferstl 93-01628 93-01631 93-01632 93-01633 93-01634 93-01635 Name of Respondents Joseph R. Huard, Jr. Shamrock Partners, Ltd. Brian G. McGowan Craig Medoff

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Treena Sokol Hans Kaemmlein Ronnie Berger Matthew Matza Michael Kleban Barbara Frank 93-01623 Dennis Schweber 93-01624 H. Thomas Ferstl 93-01628 93-01631 93-01632 93-01633 93-01634 93-01635 Name of Respondents Joseph R. Huaid, Jr. Shamrock Partners, Ltd. Brian G. McGowan Craig Medoff

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Treena Sokol Hans Kaemmlein Ronnie Berger Matthew Matza Michael Kleban Barbara Frank 93-01623 Dennis Schweber 93-01624 H. Thomas Ferstl 93-01628 93-01631 93-01632 93-01633 93-01634 93-01635 Name of Respondents Joseph R. Huard, Jr. Shamrock Partners, Ltd. Brian G. McGowan Craig Medoff