N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION. INC. CASE: 98-00201 Gary R. and Nancy June Nichols, Nancy June Nichols, IRA and Gary Robert Nichols, claimants vs. Merrill Lynch, respondent. ATTORNEYS: For claimants appeared Jane E. Marchand and Gary Robert Nichols - Jacksonville, FL. For respondent appeared Maura Kelly, Esq. - New York, NY. DATE FILED: 1/15/98 CASE SUMMARY: Claimants alleged failure to follow instruc

AWARD NASD Regulation, Inc. In the Matter of Arbitration Between Douglas Kahn, Claimant, and No. 98-0195 Southwest Securities, Inc. Respondents. REPRESENTATION OF PARTIES Claimant, Douglas Kahn, ("Claimant") was represented by Dean Carltan, Esquire of Fiedler, Adkin, Frank & Carlton P.C located in Dallas. Respondent, Southwest Securities, Inc. was represented by Corbet Bryant, Esquire of Carington Coleman Sloman & Blumenthal located in D

N.A.S.D. REGULATION AWARD , NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION, INC, CASE: 98-00190 James A. Scruggs, claimant vs. A.S. Goldmen & Co. Inc., respondent. ATTORNEYS: Claimant appeared Pro Se, Fresno, CA. For Respondent appeared Carole R. Bernstein, Esq., Norwalk, CT. DATE FILED: January 14, 1998 CASE SUMMARY: Claimant alleged that respondent failed to execute his sell orders according to his instructions, failed to provide a prospect

N.A.S.D. REGULATION, INC. AWARD CASE: 98 - 00184 Salseth Living Trust, claimant vs. Enerco Securities Corp., Mike Reno and Patrick W. Maloy, respondents. ATTORNEYS: For claimant appeared G. Mark Brewer, Esq. - La Jolla, CA. Respondents did no appeared. DATE FILED: 1/14/98 CASE SUMMARY: Claimant alleged breach of fiduciary duty, negligence, unsuitability. Claim Data Award Data Claim: $10,000.00 Award: $10,000.00 Punitive: Requested Punitive

N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION. INC. CASE: 98-00183 Richard Armerding, claimant vs. A.G. Edwards & Sons, Inc., respondent. ATTORNEYS: Claimant appeared Pro Se. - Rohnert Park, CA. For respondent appeared Norman Buckvar, Esq. - St. Louis, MO. DATE FILED: 1/14/98 CASE SUMMARY: Claimant alleged failure to execute. Claim Data Award Data Claim: $4,145,00 , Award: $4,000.00 Punitive: $.00 Punitive

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between Name of Claimant Sang Bok Chung Sang Bok Chung, IRA Case No. 01-01771 Names of Respondents White Discount Securities a/k/a Thomas F. White & Company, Inc. Claude Tillman Bo Flanders Hearing Site: Atlanta, Georgia REPRESENTATION OF PARTIES For Sang Bok Chung and Sang Bok Chung, IRA ("Chung"), hereinafter referred to as "Claimant": Alexander W, Jones,

NASD REGULATION, INC. FINAL ORDER In the Matter of the Arbitration Between Name of Claimant Steven A. Pfeifer 98-00181 Name of Respondent PaineWebber, Inc. REPRESENTATION For Claimant Steven A. Pfeifer ("Claimant") appeared Neal Brickman, Esq., a sole practitioner with offices located in New York, New York. : oAV es :.. For Respondent PaineWebber, Inc. ("Respondent") appeared Michael P. Enright, Esq. Assistant General Counsel and Corpora

mv.i7.i9S9 38 AWARD NASD Regulation, Inc. In the Matter of the Arbitration Between Name of Claimant Mary Margaret Hanes 98-00178 Names of Respondents Merrill Lynch, Pierce, Fenner & Smith, Inc. John Mark Wallach Richard Lede Marilyn O'Leary Crown Financial Associates, Inc. REPRESENTATION For Claimant: Russell L. Forkey, Esq. of Russell L, Forkey, P.A., Ft, Lauderdale, FL. For Respondent MerriJ Lynch, Pierce, Fenner & Smit

AWARD NASD Regulation, Inc. In the Matter of the Arbitration Between Names of Claimants Cecil O. Harrelson, Cecil O. Harrelson, IRA Betty S. Harrelson and Betty S. Harrelson, IRA 98-00175 Names of Respondents Aragon Financial Services, Inc. Clarence Lee Brown REPRESENTATION For Claimants: Jeffrey P. Coleman, Esq. of Coleman Law Firm, Clearwater, Florida. For Respondent Aragon Financial Services, Inc. ("Aragon"): Scott L. Warfman, Esq. of

Award NASD Regulation, Inc. In the Matter of the Arbitration Between: George Fassuliotis and Helen Fassuliotis, (Claimants) vs. Monroe Parker Securities, Inc., Alan Lipsky, Bryan Herman, Ralph Angeline, Richard S. Levitov, Steven Kiront, Dan Gillen, and Eric Gelfand, (Respondents) Case Number: 98-00174 Hearing Site: Charlotte, North Carolina REPRESENTATION OF PARTIES Claimants, George Fassuliotis and Helen Fassuliotis, hereinafter collectively referred