SENT BY: 6-28-98 ;12:18PM ;NASD ARBITRATION DPT- 12122087561;# 2/13 N.A.S.D. AWARD NATION AT. ASSOCIATION OF SHCURITIHS DEALERS. INC. In the matter of the Arbitration Between Name of Michael C. Laugen NASD Arbitration No. 95-03968 Naipg pf RcspQiy* ents Stratton Oakmont, Inc. and Samuel R, Weber For Claimant: Robot A. Uhl, Esq. Aidikoff&Kesiuk Los Angeles, California For Respondents: Michael P. Gilmore Wexicr & Burkhart M

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS Mary Jane Estes and Janie L. Beatty, Claimants, v. No. 95-03966 S. Gregory Smith Capital Investment Managers, Inc. Pershing Division of Donaldson Lufkin & Jenrette and Donaldson Lufkin & Jenrette Securities Corporation, Respondents. REPRESENTATION OF PARTIES The Claimants Mary Jane Estes and Janie L. Beatty ("Claimants") were represented Ronald L, Wilkinson, Esq. of Dallas, TX

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Charles T. and Alice B. Radcliff 95-03965 Name of Respondents Stratton Oakmont, Inc. Stephen G. Buxton CASE SUMMARY tn a claim filed with the National Association of Securities Dealers, Inc. on August 17, 1995, Claimants Charles T. and Alice B. Radcliff ("Claimants"), who appeared Pro Se, alleged that Respondents Stratton

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Stellar Pharmacal Corporation 95-03960 Name of Respondent Merrill Lynch Pierce Fenner & Smith, Inc. REPRESENTATION For Claimant, Stellar Pharmacal Corporation ("Stellar 11 ); Paul J. Robinson, Esq., of Robinson* and Marks, P.A., of North Miami Beach, Florida. For Respondent, Merrill Lynch, Pierce, Fenner & Smith, Inc. (

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Cornelius and Cynthia Tooson, Claimants Vs. JJ.B. Milliard, W.L. Lyons, Inc., Bryan S. Lamers, and Steven J. Harrell, Respondents. Case Number: 01-01046 Hearing Site: Cincinnati, Ohio REPRESENTATION OF PARTIES Cornelius Tooson of Cincinnati, Ohio, represented Claimants Cornelius and Cynthia Tooson ("the Toosons"), hereinafter referred to as "Claimants".

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between © Naiional Association Name of Claimants Securities Dealers, IFK Daniel Phillips Ail Rights Reserved Maria Phillips 95-03957 Name of Respondent Smith Barney Shearson, Inc. REPRESENTATION Claimants Daniel and Maria Phillips ("Claimants") were represented by David F. Albright, Esq. and Cynthia E. Rodgers-Waire, Esq., Albright, Brown, & Ca

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Namejjf Claimant Steven K. Lee 95-03955 Kerry S. Brecker Howard Geifand CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on August 16, 1995, Claimant Steven K. Lee ("Claimant"), who appeared Pro Se, aJleged that in May of 1995, Gregory Welch ("Welch") of Stratton Oakmont ("SO"), contacted him via telephone

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant PaineWebber, Inc. 95-03953 Name of Respondent Michael NovieJii CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on August 16, 1995, Claimant PaineWebber, Inc. ("Claimant"), through its representative and in-house counsel, Evan Charkes, Esq., alleged that Respondent Michael Novielli ("Respo

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant James \V. Iddings 95-03952 Name of Respondents Wheat First Securities, Inc. Vanguard Marketing Corporation CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on August 16, 1995, Claimant James W. Iddings, who appeared Pro Se, alleged that Respondents Wheat First Securities, Inc. ("WFSI")

N.A.S.D. AWARD NATIONAL ASSOCIATION OP SECURITIES DEALERS In the Matter of the Arbitration Between Narne of Claimant Kent Smith 95-03951 Name of Respondent PaineWebber, Inc. REPRESENTATION For Claimant Kent Smith appeared Steven A. Goldfarb, Esq. of the law firm HahnLoeser Parks located in Cleveland, Ohio. For Respondent PaineWebber, Inc. appeared Walter Reynolds, Esq. of the law firm Porter, Wright, Morris & Arthur located in Dayton, Oh