NASD REGULATION AWARD NASD REGULATION, OFFICE OF DISPUTE RESOLUTION In the Matter of the Arbitration Between Name of Claimant Kenneth N. Porterfield Name of Respondents Smith Barney Shearson, Inc. The Estate of Stephen J. Schappell Mercer Securities, LTD Mercer Securities, Inc. Lawrence G. Stevens William Boyd, HI NASD Regulation Case No. 95-05559 BEFORE: Theodore M, Simon, Esq., Public Arbitrator, Chair Mr. Frank T. Sale

NASD Regulation, Inc. AWARD NASD Regulation, Inc. In the Matter of the Arbitration Between Name of Claimant(s) Raymond James & Associates, Inc. Brent E. Peoples Mark G. Thompson Robert W. Fritz The Estate of William C. French 95-05555 Name of Rcspondcnt(s) Smith Barney Shearson, Inc. Marileigh Fay Hensley REPRESENTATION Claimants Raymond James & Associates, Inc. ("RJA"), Brent E. Peoples ("Peoples"), Mark G. Thompson ("Thomps

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS. INC. In the matter of the Arbitration Between Name of Claimants Lawrence Tabak and Vitalife, Inc. v. NASD Arbitration No. 95-05547 Name of Respondents H.D. Brous and Company Inc., Howard D. Brous, Angelo Paul Koupas and David Soiferman REPRESENTATION For Claimants: H. Thomas Fehn, Esq. Fields, Fehn & Sherwin Los Angeles, California For Respondents: Keith Olin, Esq. Morgan

NASD REGULATION, INC, AWARD • NATIONAL ASSOCIATION OF SECURITIES DEALERS [n the Matter of the Arbitration Between Name of Claimant Ruth W. Rosenfield 95-05501 Name of Respondents A.J. Michaels & Co., Ltd. Andre Korogodon Robert Murphy REPRESENTATION For Claimant Ruth W. Rosenfield ("Claimant") appeared Louis W. Bauman, Esq., of the law firm of Mazzanti, Maron & Bauman, LLP located in Scarsdale, New York. For Respondents AJ. Micha

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS. INC In the matter of the Arbitration Between Name of Claimant(s) Harvey Collins and Harold Tennan Name of Respondents) M.L. Stern & Co., Inc. NASD Arbitration No. 95-05487 REPRESENTATION For Claimant: For Respondent: Statement of Claim filed: James Jordan, Esq. Solish, Jordan, Arbiter & Weiner Los Angeles, California James Portman, Esq. M.L. Stern & Co., Inc.

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Romel J. and Barbara Mackelprang, Claimants v. Stratton Oakmont, Inc., Andrew S. Friedman and Richard A. Miller, Respondents Case Number: 95-05484 Hearing Site: Salt Lake City, Utah REPRESENTATION OF PARTIES For Claimants: Delano S. Findlay, Esq. Salt Lake City, Utah For Respondent Andrew S. Friedman: Andrew S. Friedman, pro se Plain view, New York For Respondent R

AWARD NASD REGULATION. INC.. OFFICE OF DISPUTE RESOLUTION In the matter of the Arbitration Between Name of Claimant Winifred Frances Brown as Trustee FBO the Brown Trust v. Arbitration No. 95-05476 Name of Respondents Pacific Coast Financial Securities, Inc., Robert Krakower, David C. Erickson, Don Tullio Morandini, Thomas Gans, Kirt Ashman, Scott Presta, Beacon Income Funds I, L.P. through XXX, L.P., Beacon Acquisition Corp. and Beacon Energy,

AWARD NASD REGULATION. INC.. OFFICE OF DISPUTE RESOLUTION In the matter of the Arbitration Between Name of Claimant Neil R. Haas v. Arbitration No. 95-05471 Name of Respondents Ian Hosang and Norfolk Securities Corporation REPRESENTATION For Claimant: In Pro Per For Respondents: No appearance CASE INFORMATION Statement of Claim filed: November 20, 1995 Claimant's Submission Agreement signed: November 2, 1995 Respondent Ian Ho

AWARD NASD REGULATION. INC., OFFICE OF DISPUTE RESOLUTION In the matter of the Arbitration Between Name of Claimant(s) Warren Hicks and Georgene K. Waterman, formerly Georgene K. Hicks Arbitration No. 95-05470 Name of Respondent(s) Sutro & Co., Incorporated REPRESENTATION For Claimants: Philip M. Aidikoff, Esq., Aidikoff & Uhl, Beverly Hills, California For Respondent: Gilbert R. Serota, Esq., Howard Rice Nemerovski Canady Fa

AWARD NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between Investln Securities Corp. and 01-1101 Southfield, Michigan Castle Mountain Group, L.L.C. REPRESENTATION OF PARTIES Investln Securities Corp. ("Claimant") was represented by Jim Cott, Investln Securities, Group, Dallas, Texas. Claimant appeared at hearing by telephone. Castle Mountain Group, L.L.C. ("Respondent") was represented by K. Alexander, Esq., Alexander & Ass