N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Prudential Securities, Inc. 95-05303 Name of Respondent Azar Sangochian CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on November 9, 1995, Claimant Prudential Securities, Inc. ("PSI"), through its representatives and in-house counsel, Steven P. Gomberg, Esq. and Michael A. Kraft, Esq.,

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant David Knobbe and Names of Respondents W.J. Nolan & Company, Inc. and Bradley Evan Parker Case Number: 01-01096 Hearing Site: Omaha, Nebraska REPRESENTATION OF PARTIES David Knobbe ("Claimant") was represented by David Liebrader, Esq., David Liebrader, Inc., Las Vegas, Nevada. W.J. Nolan & Company, Inc. ("WJN") was represented by Brian A. Carli

Award NASD Dispute Resolution In the Matter of the Arbitration Between: David Schwartz (Claimant) v. Kurz-Liebow & Company, Inc. (Respondent) Case Number: 95-05297 Hearing Site: New York, New York Nature of the Dispute: Customer vs. Member. REPRESENTATION OF PARTIES Claimant David Schwartz ("Schwartz") hereinafter referred to as "Claimant": Richard Sacks, Investors Recovery Services, Novato, CA. Respondent Kurz-Liebow & Company, Inc. ("Kurz") herein

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Mfatter of the Arbitration Between Name of Claimant Norma J. Niehoff 95-05296 Name of Respondents Thomas E. O'Connor Mario J. Gabelli Gabelli-O'Connor Fixed Income Management Co. Gabelli-O'Connor Mutual Funds Management Co. REPRESENTATION For Claimant appeared Robert J. Engling, Esq. of Rosenman & Colin, LLP. For Respondents Thomas E. O'Connor (O'Connor), Mario J. Gabel

AWARD NASD, Regulation, Inc., Office of Dispute Resolution In the matter of the Arbitration Between NASD Regulation, Inc. No. 95-05280 Raj Vadhera, Personal Representative of the Estates of Navrata Ram Vij and Guaran Devi Vij, Deceased Claimant vs. Smith Barney, Inc. William Johnson Jack Frager Respondents REPRESENTATION OF PARTIES For Claimant: Stephen P. Oggel, Esq., San Diego, California For Respondents: Paul Giappone,

AWARD NASD Regulation, Inc. Office of Dispute Resolution In the Matter of the Arbitration Between Gustavus Adolphus College, Claimant, v. No. 95-05278 Craig-Halkun, Inc., and Hamilton Investments, Inc., Respondents. REPRESENTATION OF PARTIES Claimant Gustavus Adolphus College was represented by Stephen P. Kelly, Esquire and Denis E. Grande, Esquire of Mackall Crounse & Moore PLC located in Minneapolis, Minnesota. RespondentsCraig-Hallum,

AWARD NASD Regulation, Inc. Office of Dispute Resolution In the Matter of Arbitration Between John McKittrick, Claimant and Counter-Respondent, and No. 95-05274 HJ. Meyers & Co., Inc., Respondent and Counter-Claimant. REPRESENTATION OF PARTIES Claimant, John McKittrick, was represented by Bruce M. Daniel, Esquire of Daniel & Daniel, located in Houston, Texas. Respondent HJ. Meyers & Co., Inc., was represented by Stephen C. Voris, .Esquire of

N.A.S.D. REGULATION AWARD 1 NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION In the Matter of the Arbitration Between Name of Claimant Alfreda Catalano by POA/Dennis Catalano Name of Respondents Dean Witter Reynolds Inc. Eugene J. Pessecow Advantage Capital Corporation 95-05272 REPRESENTATION For Claimant Alfreda Catalano POA/Dennis Catalano ("claimant") appeared David Silverberg, Esq., of the law firm Silverberg, Yood, Sellers

AWARD NASD Regulation, Inc. In the Matter of the Arbitration Between Name of Claimant Devon Reiff 95-05270 Name of Respondents Alex Brown & Sons Incorporated Mark Branigan Robert Oram REPRESENTATION Claimant Devon Reiff ("Claimant") was represented by Kevin P. Conway, Esq., Conway & Conway, New York, NY. Respondent Alex Brown & Sons, Inc. ("Alex Brown") and Robert Oram ("Oram") were represented by Daniel J. Donovan, Esq., Alex Br

Stipulated Award NASD Regulation, Inc. In the Matter of the Arbitration Between: Felicia Sager, Stuart Sager, and Judith Beroza, (Claimants) vs. Americorp Securities Inc. and Marc Wein, (Respondents) Case Number: 95-05268 Hearing Site: New York, New York REPRESENTATION OF PARTIES Claimants, Felicia Sager, Stuart Sager, and Judith Beroza, hereinafter collectively referred to as "Claimants": Richard Hendler, Esq., New York, New York. Respondent, Ameri