. 14. 1998 8: 18GM NASD REGULATION FL HO. 465 P. 2/5 AWARD NATIONAL ASSOCIATION OP SECURITIES DEALERS REGULATION, INC. In the Matter of the Arbitration Between Michael Wright 96-02527 Smith Barney, Inc. REPRESENTATION For Claimant Michael Wright ("Wright"): Debra Raskin, Esq. of Vladeck, Waldman, Elias & Engelhard, P.O., New York, New York, For Respondent Smith Barney, Inc. ("Smith Barney"): Michael W. Casey, HI, Esq. of Muller, Miutz, Komri

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Prudential Securities, Inc. 96-02524 Name of Respondent Richard H.H. Cheong CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on June 12, 1996, claimant Prudential Securities, Inc. ("claimant") through its representative, Linda Gallagher, Esq., of the law firm of Gomberg Kane & Fisher, Ltd.

NASD REGULATION, INC. AWARD OFFICE OF DISPUTE RESOLUTION In the Matter of the Arbitration Between Name of Claimant L.T. Lawrence & Co., Inc. 96-02523 Name | of Respondent Michael lacono REPRESENTATION For Claimant L.T, Lawrence & Co., Inc. ("LTL") Michael F. Bachner, Esq. located in New York City, NY. For Respondent Michael lacono ("lacono") Andrew L. Jaloza, Esq. located in New York City, NY (appeared with Respondent at the 2nd

N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION, INC. In the Matter of the Arbitration Between Name of Claimant Carmen Cossentino 96-02520 Name of Respondents Alex Brown & Sons, Incorporated Jon D. Kurzmann REPRESENTATION Claimant Carmen Cossentino ("Claimant") was represented by David H. Zirnmer, Esq., Potomac, MD. Respondents Alex Brown & Sons, Incorporated ("Alex Brown") and Jon D. Kurzmann ("Kurzmann")

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Kevin W. Kelley, Claimant v. U.S. Bancorp Piper Jaflray, Inc. and Cydney Crampton, Respondents Case Number: 01-02110 Hearing Site: San Francisco, California REPRESENTATION OF PARTIES For Claimant: Stephen H. Dye, Esq. Schnader Harrison Segal & Lewis San Francisco, California ! For Respondents: Kelly J. Moynihan, Esq. Keesai, Young & Logan San Francisco, Ca

AftARD HASP RBGOIATIQN. IMC.. QFFICg OF DISPUTE RBSQIttlTIQN In the matter of the Arbitration Between Name of Claimant(s) Patrick S. Nelson Arbitration No- 96-02517 Name of Respondent: (a \ Charles Schwab & Co., Inc. John Williams SBPRBflgNTATIOM For Claimant: Jeffrey L, Silvestrini, Esq., Cohne, Rappaport & Segal, P.C., Salt Lake City, Utah For Respondents: Steven Lanum, Esq., Charles Schwab & Co., Inc., San Francisco, Californi

AWARD NASD REGULATION, INC.. OFFICE OF DISPUTE RESOLUTION In the matter of the Arbitration Between Name of Claimant David Martinez v. Arbitration No 96-02515 Name of Respondents CAI Securities Corporation Lawrence J. Lucas Ernest V. Lavagetto Brian C. Tarbox REPRESENTATION OF PARTIES David Martinez ("Claimant") was represented by Richard Sacks and Invin Stein, Investors Recovery Service, Novato, California. CAI Securities Cor

AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between Names of Claimants Michael and Lorraine O'Connell NASD Case Number 96-02514 Names of Respondents Merrill Lynch, Pierce, Fenner & Smith, Inc. Arthur Barzilay REPRESENTATION Claimants Michael and Lorraine O'Connell ("the O'ConneUs") appeared pro se. For Respondents Merrill Lynch, Pierce, Fenner & Smith, Inc. ("Merrill") and Arthur Barzilay ("Bar

NASD REGULATION, INC. AWARD In the Matter of the Arbitration Between Name of Claimant Robert L. Young vs. Case No. 96-02505 Name of Respondents The Prudential Insurance Company of America, Inc., individually and as Administrator of the Prudential Disability Benefits/Group Insurance, Plan REPRESENTATION For Claimant Robert L. Young ("Claimant") appeared Lawrence P. Cohen, Esq. and Kevin M. Halm, Esq., of the firm Courier, Kobert, Lauf

Arbitration & Mediation Nnrioiwl AuHtciatinn "f' S^urities Dealers.lnc. * NASD Financial Center * 33 Whitehall Street * New Y-rk.NY 10004 * Fax 212-858-4.129 Washington DC Satellite office «t: 1735 K Street. NW * Washington, DC 20006 * Fax 202-728-6952 N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant George W. Morris 96-02504 Name of Respondent Marco Fiore CASE SUMMARY In