AWARD NASD REGULATION. INC.. OFFICE OF DISPUTE RESOLUTION In the matter of the Arbitration Between Name of Claimant David R. Laur v. ' 'Arbitration No. , 96-02464 Name of Respondents Merrill Lynch, Pierce, Fenner & Smith, Inc. and Jeffrey Davis REPRESENTATION For Claimant: J. Leo Federman Investors Rights Association, Inc. Santa Barbara, California For Respondents: Joycelyn E. McGeachy, Esq. Merrill, Lynch Litigation Department

•06/15/98 MON 11:30 FAX NASD REGULATION Si 010 NASD Regulation, Inc. Award In the Matter of Arbitration Between Tommy Thompson, Individually and as Executor of the Estate of Aileen Thompson, Claimants, and Meyers Pollock Robbins, Inc., D.H. Blair & Company, HJ. Meyers & Company, Inc., Stephen Carrella, Michael Phillips, Ted Vaughart, Thomas Meehan, Michael Mullins, Schneider Securities, Inc., and International Ass

AWARD NASD Regulation, Inc. Office of Dispute Resolution In the Matter of the Arbitration Between Archie A. Van Elslander, and Mary Ann Van Elslander, Claimants v. Case Number 96-02455 John Winans, 4Smith Barney, Inc., and Dean Witter Reynolds, Inc., Respondents. REPRESENTATION OF PARTIES Claimants Archie A. Van Elslander and Mary Ann Van Elslander ("Claimants") were represented by Marjorie L. Kolin, Esq. of Keywell and Rosenfeld loc

AWARD NASD Regulation, Inc. In the Matter of the Arbitration Between Name of Claimant S. Robert Kovac and 96-02454 Name of Respondents A. G. Edwards & Sons, Inc., Pauli & Company, and Schneider Securities, Inc. and Third Party Claimants A. G. Edwards & Sons, Inc., Pauli & Company, and Schneider Securities, Inc. and Third Party Respondent Stephen Kovac REPRESENTATION OF PARTIES S. Robert Kovac ("Claimant") was

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Robert K. Smith, (Claimant) vs. Bear Steams Securities Corp. and Ronald Heineman, (Respondents) Case Number: 96-02452 Hearing Site: New York, New York REPRESENTATION OF PARTIES Claimant, Robert K. Smith, hereinafter referred to as "Claimant", appeared pro se, Respondent, Bear Stearns Securities Corp. ("BSSC'): Arthur D. Felsenfeld, Esq., Andrews & Kurth L.L.P., New York, NY. Pre

N.A.S.D. AWARD NASD REGULATION, INC., OFFICE OF DISPUTE RESOLUTION In the Matter of the Arbitration Between Name of Claimant Community Church of Barrington 96-02448 Name of Respondents John Dawson; John Dawson & Associates REPRESENTATION For Claimant: Community Church of Barrington ("Church") was represented by Randall L. Mitchell, Esq. of Adducci, Dorf, Lehner, Mitchell & Blankenship, P.C., located in Chicago, Illinois. For Respondents

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between David M. Gilson Case No. 01-02107 Name Josephthal & Co., Inc. Hearing Site- Washington, D.C. OF P4RTTFS Claimant, David M. Gilson ("Gilson"), hereinafter referred to as "Claimant": Thomas A. Guidoboni, Esq., Crowell & Moring LLP, Washington, D.C. Respondent, Josephthal & Co., Inc. ("Josephthal"), hereinafter referred to as "Respondent": John Bersin, Esq., Joseph

N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants! Irving Davis 96-02443 Name of Respondent(s) JPR Capital House Paul Umansky Robert Zuckerman REPRESENTATION For Claimant Irving Davis ("Claimant") appeared Ira J. Furinan, Esq;* a sole-practitioner, located in Freeport, New York. '' For Respondents Paul Umansky ("Umansky"), Robert Zuckerman ("Zuckerman") and

I f NASD Regulation, Inc. STIPULATED AWARD l In the Matter of the Arbitration Between Name of Claimant Jonathan Kord Lagemann v 96-02438 Name of Respondent Thomas F. Leahy REPRESENTATION Claimant Jonathan Kord Lagemann, Esq. ("Claimant") appeared Pro Se. Respondent Thomas F. Leahy ("Respondent") appeared Pro Se. CASE INFORMATION Statement of Claim filed: June 5, 1996. Claimant's Submission Agreement signed on: June 5, 1996.

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS Hi the Matter of the Arbitration Between Name of Claimant Olde Discount Corporation 96-02435 Name of Respondent Kambiz Bazazi CASE SUMMARY In a case filed with the National Association of Securities Dealers Regulation, Inc. on June 7, 1996, claimant Olde Discount Corporation ("Olde") through its representative and in-house counsel Robert S. Anderson, Esq., alleged that respondent Kamb