02/06/2004 16:08 FAX NASD REGULATION 1005 NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 03-03608 UBS PaineWebber, Inc., Claimant v. Chad Brown, Respondent. ATTORNEYS: For Claimant, UBS PaineWebber, Inc., ("Claimant"), appeared Lisa A. Catalano, Esq., Northvale, NJ. Respondent, Chad T. Brown, ("Respondent"), did not respond to the Statement of Claim. NATURE OF DISPUTE: Member v. Associated Person DATE FILED: May 16, 2003 CASE SU

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Jorge Montane, Montane Family LLC, Theodore Okazaki, Kazuyo Okazaki, Ronald Fair, and Diane Fair, Claimants v. Morgan Stanley Dean Witter (n/k/a Morgan Stanley DW Inc.), UBS Painewebber Inc. (n/k/a UBS Financial Services Inc.), and Steven A. Hild, Respondents Case Number: 03-03604 Hearing Site: San Francisco, California Nature of the Dispute: Customers v. Members and Associated Person

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Charles E. Dunbar and Lynda N. Dunbar, Claimants \. Morgan Stanley DW Inc. and Kirk F. Stauffer, Respondents Case Number: 03-03603 Hearing Site: San Francisco, California Nature of the Dispute: Customers v. Member and Associated Person REPRESENTATION OF PARTIES For Claimants: Mitchell S. Ostwald, Esq. Law Offices of Mitchell S. Ostwald Sacramento, California F

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the f!1flfmants Gary M. Stewart Christopher R. Stewart Robert Stewart Name nf the Wachovia Securities Financial Network, Inc. fk/a First Union Securities Financial Network, Inc. Pass Number- 03-03602 Hearing Site: Richmond, Virginia Nature of the Dispute: Associated Persons vs. Member. RFPKFSFNTATTON OF PAKTTRS Claimants, Gary M. Stewart, Christopher

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name nf the Tlai'mant Case Number: 03-03600 Verne M. Keefer, individually and on behalf of Verne M. Keefer, IRA Names nf the Respondents Hearing Site: Norfolk, Virginia FFP Securities, Inc. First Financial Planners, Inc. FFP Advisory Services, Inc. Tracy Whited Ronald Whited Nature of the Dispute: Customer v. Member, Non-Members and Associated Persons.

Award NASD Dispute Resolution In the Matter of the Arbitration Between: George Sinel and Bonnie Sinel (Claimants) v. Morgan Stanley DW, Inc. and Jason Mininger (Respondents) Case Number: 03-03597 Hearing Site: New York, New York Nature of the Dispute: Customers v. Member and Associated Person REPRESENTATION OF PARTIES Claimants George Sinel ("G. Sinel") and Bonnie Sinel ("B. Sinel") hereinafter referred to as "Claimants": Wayne M. Josel, Esq., Kaufm

Stipulated Award NASD DISPUTE RESOLUTION In the Matter of the Arbitration Between: Names of the Claimants Case Number: 03-03592 Sonja Brandon, Individually and on behalf of her IRAs, Mary Ann Willis, Individually and on behalf of her IRAs, Theodore Willis HI, Jennifer Brandon-McMahon, Timothy McMahon, Margaret Brandon and Wendy Brandon Names of the Respondents Hearing Site: Little Rock, AR Dane Dulaney Fulmer Tonya Gay Fulcher Melissa Ladonn

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Names of Claimants Teresa Perches Alexander and Letede, S.A. de C.V. and Case Number: 03-03586 Hearing Site: Houston, Texas Names of Respondents Merrill Lynch Pierce Fenner & Smith, Inc., John K. Hawley, and Herbert Paul NATURE OF DISPUTE Customers v. Member Firm and Associated Persons REPRESENTATION OF PARTIES Teresa Perches Alexander and Letede, S.A. de C.V.

AWARD NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between Name of Claimant Mark Procunier, Trustee of the MBP Trust and 01-01326 Phoenix, Arizona Name of Respondents Fiserv Correspondent Services, Inc. Hampton-Porter Investment Bankers Andrew S. Louis Gregory DuBois Walker REPRESENTATION OF PARTIES Mark Procunier, Trustee of the MBP Trust ("Claimant") was represented by David R. Jordan, Esq. and Christopher D.

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 03-03585 Charles Schwab & Co., Inc., Claimant v. Richard C. Hearing & Jane E. Nearing, Respondents. ATTORNEYS: For Claimant, Charles Schwab & Co., Inc., ("Claimant"), appeared Richard A. Karoly, Esq., San Francisco, CA. Respondents, Richard C. Nearing & Jane E. Nearing, ("Respondents"), did not submit an answer to the Statement of Claim. NATURE OF DISPUTE: Member v. Customers DATE FILED