Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Robert M. Wren, Claimant v. Morgan Stanley DW, Inc. and Clarke E. Hamilton, Respondents Case Number: 01-02456 Hearing Site: Salt Lake City, Utah REPRESENTATION OF PARTIES For Claimant: Eric R. Clark, Esq. Pedersen, Clark and Jackson Twin Falls, Idaho For Respondents: Gary Jackson, Esq. Morgan Stanley DW Inc. New York, New York CASE INFORMATION Statemen

NASD AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS Name of Claimants Brooks Holladay, Attorney-in-Fact for Donald Holladay, TTE Donald Holladay TTE No. 92-03174 Name of Respondents Prudential Securities, Incorporated Steve Wilhite Peter Lynch REPRESENTATION OF PARTIES For Claimants: Don Maddox. Esq. and Paul Pusateri, Esq. of the Maddox Law Firm, Hobbs, New Mexico. For Respondents: Gabriel Loubier, Esq., Prudential Securities,

N.A.S.D. AWARD _, 711 L.J "* . . .» ^*f 1_ „ NATIONAL ASSOCIATION OF SECURITIES DEALERS. ING/ 1 -tC ( » i In the Matter of the Arbitration Between '_ _ ; Name of Claimant Kenneth E. Houghtelling and Sonya Houghtelling and 92-03170 Name of Respondent Consolidated Investment Services. Inc. REPRESENTATION 7 OF PARTIES Kenneth E. Houghtelling and Sonya Houghtelling ("Claimants") were represented by William D. Nelson,

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants First Hanover Securities. Inc. The Chicago Corporation Name of Respondents Investors Choice Securities. In Berkley C. Badger David A. Yunekau REPRESENTATION For Claimants, First Hanover Securities. Inc. and the Chicago Corporation, at the hearing: Frank E. Pasquesi. Esq. of Coffield Ungaretti & Harris, Chicago, Illinoi

PUBLIC N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Emily Giovagnoii 92-03166 Name of Respondents Shearson Lehman Brothers, Inc. Robert Bradley Frederickson CASE SUMMARY In a claim filed with the National Association of Securities Deafen, IDC. on September 21,1992, Claimant Emily Giovagnoii, through her counsel, Walter I. Middtecamp, Jr., Esq. of Portland, OR, all

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Narne of Claimant Robert Maciej 92-03147 Name of Respondents Cohig & Associates. Inc. Leon Cisneros For Claimant at the hearing: Pro Se. For Respondents at the hearing: Jeffrey J. Scott, Esq. of Krys, Boyle, Goltz, Reich & Freedman, Denver, Colorado. CASE INFORMATION Statement of Claim filed: October 6, 1992. Claimant's Submission Agree

PUBLIC N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant . • Gregory R. Gibson. Custodian tor Eric P." Gibson U/MAS/GTM 92-03146 Name of Respondent Josephthal Lyon & Ross. Inc. CASE SUMMARY In a claim filed with the National Association of Securities Dealers. Inc. on September 18. 1992. Claimant Gregory R. Gibson. Custodian for Eric P. Gibson, who appeared Pro Se, alle

N.A.S.D. AWARD j p NATIONAL ASSOCIATION OF SECLTUTTES DEALERS In the Matter of the Arbitration Between Mame of Claimant Memll Lynch. Pierce. Fenner & Smith, Inc. 92-03143 Name of Respondent MSD International, Inc. For Claimant: Merrill Lynch. Pierce, Fenner & Smith, Inc. was represented by Grant J. Harvey, Esq. of Gibbs & Ratiiff, L.L.P. For Respondent: MSD International, Inc. did not appear. CASE INFORMATION Statement of Claim filed: Se

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Trujillo-O'Kieffe M.D. P.C. Trust Employee Benefit Trust Margaret Elizabeth Woods and Dr. Nelson P. Trujillo 92-03142 Smith Barney Harris Upham & Co., Inc. J. Frank Joyce, III REPRESENTATION Claimants Trujillo-O'Kieffe M.D. P.C. Employee Benefit Trust ("Trust") and Margaret Elizabeth Woods ("Woods") and Dr. Nelson P. Trujillo

N . A . S . D . AWARD NATIQffAL ASSOCIATION OF SECURITIES DEALERS, T NC. In Che matter of the Arbitration Between Name of Claimant (s) George A. Johnston Madelin L. Johnston CONSOLIDATED CASES .93^033^, and 92-03393 Name of Respondent ( Kendall W. Cameron For Claimants: Steven C. Frol, Esq., Metz, Frol & Jorgensen, P.S., Seattle, Washington For Respondent: No appearance by Kendall W. Cameron CASE TMPOBMVTTQM 92-03389 Stat