NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 05-00715 Donald E. Crotts, (Claimant) vs. PFS investments, Inc., (Respondent) ATTORNEYS: For Claimant appeared Debra Brewer Hayes, Esq., of the firm Woska & Hayes, LLP, Kingwood, TX. For Respondent appeared Lindsey R. Trowell, Esq., of the firm Fowler White Boggs Banker, P.A., Tampa, FL. NATURE OF DISPUTE: Customer vs. Member DATE FILED: February 4, 2005 CASE SUMMARY: Claimant alleg

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 05-00714 Jack and Modelle West, (Claimants) vs. Merrill Lynch, Pierce, Fenner & Smith, Inc., (Respondent) ATTORNEYS: For Claimants appeared Debra Brewer Hayes, of the firm Woska & Hayes, LLP, Kingwood, TX. For Respondent appeared in-house counsel David E. Bamberger, Esq., New York, NY. NATURE OF DISPUTE: Customers v. Member DATE FILED: February 3, 2005 CASE SUMMARY: Claimants alleged th

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Lona and Jimmy Brown (Claimants) v Morgan Stanley Dean Witter, Inc. (Respondent) Case Number: 05-00690 Hearing Site: Cleveland, Ohio Nature of the Dispute: Customers vs. Member and Associated Person REPRESENTATION OF PARTIES Claimants Lona and Jimmy Brown ("J. Brown"), hereinafter collectively referred to as "Claimants": Celeste M. Chiaramonte, Esq., Woska & Hayes, LLP, Kingwood, TX

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 05-00684 National Securities Corporation, (Claimant) vs. William Jones, (Respondent) ATTORNEYS: For Claimant appeared Michael S. Colombo, President and CEO of Street Wide Asset Recovery Group, Inc., Lyndhurst, NJ. Respondent appeared pro se, Plainfield, NJ. NATURE OF DISPUTE: Member v. Associated Person DATE FILED: February 3,2005 CASE SUMMARY: Claimant alleged that Respondent breached

Award NASD Dispute Resolution In the Matter of the Arbitration Between: GKN Securities, Inc. (Claimant) vs. Michael Philip Eaton, (Respondent) Case Number: 01-00469 Hearing Site: New York, NY REPRESENTATION OF PARTIES Claimant, GKN Securities, Inc. ("GKN"), hereinafter referred to as "Claimant": Kenneth O'Connor, Esq., Lubiner & Schmidt, Cranford, NJ. Respondent, Michael Philip Eaton ("Eaton"), hereinafter referred to as "Respondent" appeared pro se

Award NASD Dispute Resolution In the Matter of the Arbitration Between: John Procopion (Claimant) vs. Instinct Group Incorporated (Respondent) Case Number: 05-00683 Hearing Site: New York, New York Nature of the Dispute: Associated Person vs. Non-Member. REPRESENTATION OF PARTIES Claimant John Procopion hereinafter referred to as "Claimant": William M. Pinzler, Esq., New York, NY. Respondent Instinct Group Incorporated hereinafter referred to as "Re

Award NASD Dispute Resolution In the Matter of the Arbitration B etween: Names nf the Claimants rase Number 05-00680 LeRoy Hoyer and Anna Hoyer individually & as Trustees for Danielle Hoyer, Justin Hoyer, and Jayson Hoyer. Names nf the Respondents Rearing Site! Washington, DC Merrill Lynch, Pierce, Fenner & Smith, Inc. Gregory Benedict Popera John Vincent Greco Kent Weston Overholt Pam Murphy Nature of the Dispute: Customers vs. Memb

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Claimant Wachovia Securities, LLC v. 05-00672 Denver, Colorado Respondent Steve Quinn Nature of Dispute: Member v. Associated Person REPRESENTATION OF PARTIES Wachovia Securities, LLC ("Claimant") was represented by Renan L Sugarman, Esq., of the Law Offices of Renan I. Sugarman, P.C., Chicago, Illinois. Steve Quinn Walter ("Respondent") appeared pro se. CASE

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimants Lynn and Sharon Leazer and 05-00669 Kansas City, Missouri Name of Respondent Merrill Lynch Pierce Fenner & Smith Nature of the Dispute: Customer vs. Member. REPRESENTATION OF PARTIES Lynn and Sharon Leazer ("Claimants") were represented by Jeff Musselwhite, Esq. and Darrell Steidley, Esq., Woska & Hayes, LLP, Kingwood, Texas. Merrill Lynch Pierce

STIPULATED AWARD NASD Dispute Resolution In the Matter of the Arbitration Between: Names of Claimants Mack D. Yoakum and Vermeil Yoakum and Names of Respondents Morgan Stanley DW, Inc. and Constance Carpeno Paddock Case Number: 05-00667 Hearing Site; Houston, Texas NATURE OF DISPUTE Customers vs. Member and Associated Person REPRESENTATION OF PARTIES Mack D. and Vermeil Yoakum, hereinafter collectively referred to as "Claimants,"