N.A.S.D. AWARD NATIONAL ASSOCIATICK OF SECURITIES DEAIZRS In the Matter of the Arbitration. Between Name of Hauua 91-00709 Mama of Respondent (sL Prudential Securities Inc Ronald Lent IvOTJDa Banna ^*TT^***^'PQ PFO Fbr Respcodeats Prudential Securities, Eoc. ani Rcoald Lent: Patricia Fitzpatricfc, Esq., In-bause r^mff^i fron Prudential Securities, IDC. in New York City. Statement of Ha-im filed: March 22, 1991. Claimant's Subodss

Arbitration N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Jackie Leonard , Individually and as Executor of the Estate of Henry Leonard vs. Name of Respondent Shearson r^hman Brothers, Inc. National Association of Securities Dealers, Inc. NASD Financial Center 33 Whitehall Street New York. N.Y. 10004 FAX (212) 858-4389 Case # 91-00706 For Claima

N.A.S.D. AWARD NATIONAL ASSOCTATICN OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Victor Lo Name of Respondents 91-00705 Shearson Hutton, Inc. (n.k.a Shearson Lehman Brothers, Inc.) Cbet Dudzik For Claimant: Etoard Gould, Esq. of Gross, Minsky, Mogul & Singal, P. A. For Respondents: William A. Hohauser, Associate General Counsel of Shearson Brothers, Inc. Statement of filed: March 5, 1991 Claimant

PUBLIC N.A.S.D. AWARD NATIONAL ASSOdAHCN OF SECURITIES DEALERS " la the Matter of the Arbitration Between Namo Q£ m^-JTppnt Lilly Miller 91-00700 Merrill Lynch, Fierce, Fenner & Snith, Inc. For Lilly Miller ("Claimant"): Raymond H. MiUonan '""" - For Merrill Lynch, Pierce, Fenaer & Snith, Inc. ("Respondent"): Scott Daniel f Esq. of Hilburn, rai>wTn j Harper, Pruniski & rallyYin, Ltd. case Statement of rialjn filed: Ma

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Ameritrade, Inc., Claimant v. Xintian Li, Respondent Xintian Li, Counter-Claimant v. Ameritrade, Inc., Counter-Respondent Case Number: 01-00740 Hearing Site: Honolulu, Hawaii REPRESENTATION OF PARTIES For Claimant: James J. Vihstadt, Esq. Ameritrade, Inc. Bellevue, Nebraska For Respondent: Curtis M. Karn, Esq. Law Offices of Richard Lee Honolulu, Hawaii CAS

N.A.S.D. AHABD NKTICNAL ASSOC1AT1CN OF SECORTTIES In the Matter of the Azbitration Margaret Gerovac, Personal Representative of the Estate of Sara Mae Young and as the Representative for George W. Young, Thonas F. Young, Jr. and Stephen L* Young 91-00695 Name of P**TH ivT< ii Marrill Lynch, Pierce Fenner 6 Smith, Inc. and Alan P. Soberer Claimant was "^rwfntrri by David C, Anson, Esq. of DeOoncini, MdDcnald, Biaumai, YetMln & Lacy, Tu

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES D£AI£RS In ths Matter of the Arbitration Between Mama of , John 0. & Jeanne Kriens 91-00689 of Dain Bosworth Incorporated Charles J. Feenstra For Claimants: Frank J. Susak, Esq. of the Law Offices of Frank J. Susak, Esq. For Respondent Dain Bosworth: Mark Turner, Esq. of Ater, Wynne, Hewitt, Dodson and Sterritt For Respondent Feenstra: Pro per Statement of Claim filed: March 5

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Estate of Blanche Price Nuernberger No. 9100687 Name of Respondent Norstar Brokerage Corporation REPRESENTATION OF PARTIES For Claimant: Robert P. Beilfuss, Esq. of Davis & Cichorski. For Respondent: James Mukoyama, Jr., Branch Manager, Chicago Office, Norstar Brokerage Corporation. CASE INFORMATION Statement of Claim f

N.A.S.D. WARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the totter of the Arbitration Between ArMMton Nfttftoiul Securities of , Inc. NASD Financial Ctnter 33 Whitehall Street New York, New York 10004 Warren and Jean Moore 91-00685 Prescott, Mil & Turben, Inc. Houston Terry Hogle For Claimants: Wesley A. Gersh, Esq., Attorney at Lav/ For Respondents: William H. Falin, Esq. of Arter & Hadden Statanant of Claim

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. CASE #91-00681 AWARD In the Matter of the Arbitration Between Barry S. Birkenholz Claimant vs . Charles Colchamiro Ladenburg, Thalmann & Co., Inc. Respondents CASE SUMMARY Barry S. Birkenholz, in a claim filed with the National Association of Securities Dealers, Inc. on March 4, 1991, alleged that Respondents failed to properly research the credibility of ZZZZ Best Co. before r