AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Rita Ulrikson and 04-08288 Kansas City, Missouri Name of Respondents Invest Financial Corporation Barbara A. Kay Nature of the Dispute: Customer vs. Member REPRESENTATION OF PARTIES Rita Ulrikson ("Claimant") was represented by Barry D. Estell, Esq., Mission, Kansas. Invest Financial Corporation ("Respondent Invest Financial") and Barbara A. Kay (

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Lloyd H.Wright and Name of Respondent Merrill Lynch Pierce Fenner & Smith, Inc. Case Number: 04-08283 Hearing Site: Houston, Texas NATURE OF DISPUTE Customer v. Member REPRESENTATION OF PARTIES Lloyd H. Wright ("Wright" or "Claimant") was represented by Celeste M. Chiaramonte, Esq., Woska & Hayes, LLP, Kingwood, Texas. Merrill Lynch Pierce

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 04-08256 Raymond James Financial Services, Inc.., (Claimant) vs. Theodore Pena, (Respondent) ATTORNEYS: For Claimant appeared in-house counsel Leslie A. Reese, Esq., St. Petersburg, FL. For Respondent appeared Robert C. Scrivo, Esq., of the firm McElroy, Deutsch, Mulvaney & Carpenter, LLP, Morristown, NJ. NATURE OF DISPUTE: Member v. Associated Person DATE FILED: November 24, 2004 CASE

In the Matter of the Arbitration Between: Wachovia Securities, LLC, (Claimant) vs. Richard Andrew Baker (Respondent) Case Number: 04-08254 SITUS: Philadelphia, Pennsylvania. NATURE OF DISPUTE: Member v. Associated Person. REPRESENTATION OF PARTIES Wachovia Securities, LLC ("Wachovia"), hereinafter referred to as "Claimant": Jonathan E. Levine, Esq., Law Office of Daniel S. Fiore, Arlington, Virginia. Respondent did not enter an appearance in this matter

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Claimant Janet Dykshoorn v. 04-08248 Minneapolis, Minnesota Respondents Wells Fargo Investments, LLC and Shawn Dunnigan Nature of Dispute: Customer v. Member and Associated Person REPRESENTATION OF PARTIES Janet Dykshoorn ("Claimant") was represented by Charles L. Chapman, Esq., of Chapman & Chapman, P.C., Bismarck, North Dakota until on or about December 23, 2004

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Joseph W. Rader and Mildred A. Rader, both Individually and as Trustees of their Respective Trusts, Claimants, v. Merrill Lynch, Pierce, Fenner & Smith, Inc. and Raymond James Financial Services, Inc., Respondents. Case Number: 04-08240 Hearing Site: Indianapolis, Indiana Nature of the Dispute: Customers vs. Member Firm REPRESENTATION OF PARTIES Joseph W.

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Renzo Pedrazzi and Jean Pedrazzi (Claimants) vs. Merrill Lynch, Pierce, Fenner & Smith, Inc., Shaun Paul Golden, Corey Ira Stein, Daniel Maurice Maniscalco, and Paul David Annunziato (Respondents) Case Number: 04-08236 Hearing Site: New York, New York Nature of the Dispute: Customers vs. Member and Associated Persons. REPRESENTATION OF PARTIES Claimants Renzo Pedrazzi ("R. Pedra

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Dr. Habib Monas, (Claimant) vs. Merrill Lynch, Pierce, Fenner & Smith, Inc. and Kuosen Fung, (Respondents) Case Number: 01-00375 Hearing Site: New York, New York REPRESENTATION OF PARTIES Claimant, Dr. Habib Monas, hereinafter referred to as "Claimant": Pinchus Raice, Esq., Raice Paykin Krieg & Schrader LLP, New York, NY. Respondents, Merrill Lynch, Pierce, Fenner & Smith, Inc.

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Joseph R. Cingel (Claimant) vs. A.G. Edwards & Sons, Inc. (Respondent) Case Number: 04-08235 Hearing Site: Cleveland, Ohio Nature of the Dispute: Customer vs. Member REPRESENTATION OF PARTIES Joseph R. Cingel hereinafter referred to as "Claimant": James A. DeRoche Esq., Garson & Associates Co., Cleveland, OH. A.G. Edwards & Sons, Inc. hereinaiter referred to as "Respondent": Jon

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Bernard R. Kennedy and 04-08231 Chicago, Illinois Name of Respondents UBS Financial Services Inc. VHnance Investments, Inc. Frank Porporino, Jr. Richard Anthony Campanella Nature of the Dispute: Customer vs. Members and Associated Persons. REPRESENTATION OF PARTIES Bernard R. Kennedy ("Claimant") was represented by Peter Marks, Princeton, New