NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 03-03750 Pamela E. Stanley IRA, Claimant v. Merrill Lynch Pierce Fenner & Smith Inc. and Gregory B. Gilbert, Respondents. ATTORNEYS: Claimant, Pamela E. Stanley IRA, ("Claimant"), appeared pro se, Livermore, CA. Respondents, Merrill Lynch Pierce Fenner & Smith Inc. and Gregory B. Gilbert, ("Respondents"), appeared through their in-house counsel, Yosef Sinensky, Esq., New York, NY. NATUR

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 03-03749 Maxim Group, LLC, Claimant v. Nick Scarimbolo, Respondent. ATTORNEYS: For Claimant, Maxim Group, LLC, ("Claimant"), appeared Joseph DaProcida, Esq., of the corporation Investec (US) Incorporated, New York, NY. Respondent, Nick Scarimbolo, ("Respondent"), did not enter an appearance in this matter. NATURE OF DISPUTE: Member v. Associated Person DATE FILED: May 22, 2003 CASE SUMM

STIPULATED AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant TOMMY G. MURPHY and Names of Respondents RBC DAIN RAUSCHER, INC., HENRY PATRICK CRAIG, PHILIP JEFFREY BROOKS and DAVID ALLEN SHELLEY Case Number: 03-03744 Hearing Site: Houston, Texas NATURE OF CASE Customer v. Member Firm and Associated Persons REPRESENTATION OF PARTIES Tommy G. Murphy ("Claimant") was represented by Andrew

Award NASD In the Matter of the Arbitration Between: Name of the Claimant Case Number: 01-01354 Paul M. Mitchell Names of the Respondents Hearing Site: Memphis, TN Spelman & Co., Inc. Nancy Regan Wilson John S. Copanos Partnership Marketing Company REPRESENTATION OF PARTIES Paul M. Mitchell, hereinafter referred to as "Claimant", appeared pro se. For TCAdvisors Network, Inc. ("TCA"): Carla B. Minckley, Esq., Birge & Minckley, P.C., D

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Claimants Daniel A. Misali, individually, and as Trustee of the Daniel A. Misali Revocable Trust, and as Trustee of the Daniel A. Misali Irrevocable Trust v. ' 03-03743 Denver, Colorado Respondents Shelman Securities, Inc., SWS Securities, Inc. and Kevin M. Weaver , Nature of Dispute: Customers v. Terminated Member, Member and Associated Person REPRESENTATION OF P

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Citigroup Global Markets, Inc., Claimant v. Jonathan Anhminh Nguyen, Respondent Jonathan Anhminh Nguyen, Third-Party Claimant v. Jack Benjamin Grubman, Third-Party Respondent Case Number: 03-03737 Hearing Site: Los Angeles, California Nature of the Dispute: Member v. Associated Person Associated Person v. Associated Person REPRESENTATION OF PARTIES For Claimant Citigroup

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 03-03734 James J. Close, Claimant vs. Wachovia Securities Financial Network, Inc., Respondent. ATTORNEYS: Claimant, James J. Close, ("Claimant"), appeared pro se, West Yarmouth, MA. Respondent, Wachovia Securities Financial Network, Inc., ("Respondent") appeared through its in-house counsel, David H. Jarvis, Esq., Richmond, VA. DATE FILED: May 21, 2003 CASE SUMMARY: Claimant alleged that Re

Modified Award NASD Dispute Resolution In the Matter of the Arbitration Between: Oppenheimer & Co., A Divison of Fahnestock & Co., Inc. (Claimant) vs. David E. Cundey vs. (Respondent) CIBC World Markets, Corporation (Third-Party Respondent) Case Number: 03-03732 Hearing Site: New York, New York Nature of the Dispute: Initial Claim: Member vs. Associated Person Third-Party Claim: Associated Person vs. Member REPRESENTATION OF PARTIES Claimant Oppenhe

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Oppenheimer & Co., A Divison of Fahnestock & Co., Inc. (Claimant) vs. David E. Cundey vs. (Respondent) CISC World Markets, Corporation (Third-Party Respondent) Case Number: 03-03732 Hearing Site: New York, New York Nature of the Dispute: Initial Claim: Member vs. Associated Person Third-Party Claim: Associated Person vs. Member REPRESENTATION OF PARTIES Claimant Oppenheimer & Co

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Names of the Claimants Robert Klein & Myriam Gluck, JT Tenants Names of the Respondents Janney Montgomery Scott, LLC and Zvi Zim, an individual Case Number: 03-03723 Hearing Site: Boca Raton, Florida Nature of the Dispute: Customer vs. Member and Associated Person. REPRESENTATION OF PARTIES For Robert Klein & Myriam Gluck, JT Tenants, hereinafter collectively ref