AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Claimants Randy Pentel and R.P. Air, Inc. v. 03-05950 Minneapolis, Minnesota Respondents U.S. Bancorp Piper Jaffray, Inc., and Hany Mosad Nada Nature of Dispute: Customers v. Member and Associated Person REPRESENTATION OF PARTIES Randy Pentel and R.P. Air, Inc., hereinafter referred to as "Claimants," were represented by Ted S. Meikle, Esq., of Meikle & Taylor, P. A.,

04/19/2005 09:16 FAX 213613267? NASD-O.R. ®OQ2/Q15 Stipulated Award COPY NASD Dispute Resolution In the Matter of the Arbitration Between: David A. Bessey IRA, Claimant v. Donna L. Opitz f/Wa Donna Stolle and Citigroup Global Markets, Inc. f/Jc/a Salomon Smith Barney, Inc., Respondents Case Number: 03-05943 Hearing Site: Portland, Oregon Nature of the Dispute; Customer v. Member and Associated Person REPRESENTATION OF PARTIES For Claimant; Jeffrey S

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Heritage Income Partners, LP, Claimant v. Imperial Capital, LLC. Respondent Case Number: 03-05942 Hearing Site: Los Angeles, California Nature of the Dispute: Customer v. Member REPRESENTATION OF PARTIES For Claimant: Jerry D. Smith Heritage Income Partners, LP Irvine, California For Respondent: Timothy N. Will, Esq. Albert & Will, LLP Torrance, California CASE I

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Maxine A. Lehn, individually and as Trustee for the Maxine A. Lehn Trust, Claimants v. Morgan Stanley DW Inc., Stephen A. Winslow and Frances M. Williams, Respondents Case Number: 03-05938 Hearing Site: Seattle, Washington Nature of the Dispute: Customer v. Member and Associated Persons REPRESENTATION OF PARTIES For Claimants: Keith D, Petrak, Esq. Byrnes & Keller, LL

A d COPY Award NASD Dispute Resolution In the Matter of the Arbitration Between: Daniel J. Capon, M.D., Claimant v. Christopher R. Greenwell, Neil D. Dabney, Michael A. Sanchez, First Allied Securities, Inc., Round Hill Securities, Inc, and Dabney Group LLC/Dabney Flanigan, LLC, Respondents Case Number: 03-05937 . HearingSite: San Francisco, California Nature of the Dispute: Customer vs. Members and Associated Persons REPRESENTATION OF PARTIES

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimant Case Number: 03-05936 Mary Bailey Names of the Respondents Hearing Site: Boca Raton, FL Kovack Securities, Inc. Veravest Investments, Inc. Nature of the Dispute: Customer vs. Member. REPRESENTATION OF PARTIES For Mary Bailey ("Bailey"), hereinafter referred to as "Claimant": Chandra Parker Doucette, Esq., Boca Raton, Florida. For Respondent Kovac

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Herbert E. Gleicke Trust v. Morgan Stanley Dean Witter and John M. Grazioli Case Number: 01-01621 Hearing Site: Los Angeles, California REPRESENTATION OF PARTIES For Claimant: Herbert E. Gleicke Trust For Respondents: Morgan Stanley Dean Witter Inc. John M. Grazioli Morse Taylor, Esq. Taylor & Miller Santa Monica, California Kevin Fitzgerald, Esq. Jon

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimant Case Number: 03-05935 Mary Bailey Names of the Respondents Hearing Site: Boca Raton, Florida K.W. Brown Investments Directed Services, Inc. Katy L. Talton Nature of the Dispute: Customer vs. Member and Associated Person. REPRESENTATION OF PARTIES For Mary Bailey (Bailey), hereinafter referred to as "Claimant": Chandra Parker Doucette, Esq., Boca

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Names of the Claimants Leon Silverberg, individually and as trustee of the Miriam Silverberg Rev. Trust U/A DTD 3/13/97 Miriam Silverberg, individually and as trustee of the Miriam Silverberg Rev. Trust U/A DTD 3/13/97 Names of the Respondents Asset Management Securities Corp. Barry Financial Group Case Number: 03-05933 Hearing Site: Boca Raton, Florida

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimant Case Number: 03-05930 Alejandro Hernandez Name of the Respondent Hearing Site: Boca Raton, Florida Inigo, S.A. Nature of the Dispute: Associated Person vs. Customer REPRESENTATION OF PARTIES For Alejandro Hernandez, hereinafter referred to as "Claimant": Michael D. Wallander, Esq., Greenberg Traurig, P.A., West Palm Beach, Florida. For Ini