AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Claimant Dorothy M. Mechenberg v. 04-07986 Denver, Colorado Respondent Multi-Financial Securities Corporation, as Successor in interest to Vestex Corporation Nature of Dispute: Associated Person v. Member REPRESENTATION OF PARTIES Dorothy M. Mechenberg ("Claimant") was represented by Stuart N. Bennett, Esq., and Patrick Compton, Esq., of Lindquist & Vennum, PLLP,

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 04-07985 Greg Jordan, Parent and Custodian for Jonathan Jordan, a Minor Child, Claimant v. Morgan Stanley DW, Inc., Respondent ATTORNEYS: For Claimant Greg Jordan, Parent and Custodian for Jonathan Jordan, a Minor Child ("Claimant") appeared J. Benton Stewart, II, Esq., The Stewart Law Group, P.L.L.C., Tampa, FL. For Respondent Morgan Stanley DW, Inc. ("Respondent") appeared Harrison Kaufma

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Sam Zullo (Claimant) v. First Montauk Securities Corp. fka Montauk Financial Group, Gerald Sharpe, Thomas Fallon, and Nick D'Amico (Respondents) Case Number: 04-07983 Hearing Site: Cleveland, Ohio Nature of the Dispute: Customer v. Member and Associated Bersons REPRESENTATION OF PARTIES Claimant Sam Zullo, hereinafter referred to as "Claimant": James S. Jones, Esq., Poland, OH.

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Names nf the Claimants i , Case Number! 04-07976 Ruth Teresa Tyson William Tyson & Ann Marie Tyson, JTWROS Names of the Respondents Hearing Site! Raleigh, North Carolina Citigroup Global Markets, Inc. Jack B. Grubman Nature of the Dispute: Customers vs. Member and Associated Person. REPRESENTATION OF PARTIES Claimants, Ruth Teresa Tyson and William Tyson & Ann Marie Tyso

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 04-07965 Westpark Capital, Inc., (Claimant) vs. Michael Edward Carbone, (Respondent) ATTORNEYS: For Claimant appeared Westpark Capital in-house counsel Anthony C. Pintsopoulos, Los Angeles, CA. Respondent did not file a Statement of Answer in this matter. NATURE OF DISPUTE: Member v. Associated Person DATE FILED: November 4,2004 CASE SUMMARY: Claimant alleged that Respondent has failed

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Steven L. Moldane, Claimant v. Princor Financial Services Corporation f/k/a Principal Financial Services Corporation, Linda R. Gordon, and Craig G. Bolanos, Jr., Respondents Case Number: 04-07961 Hearing Site: Seattle, Washington Nature of the Dispute: Customer v. Member and Associated Persons REPRESENTATION OF PARTIES For Claimant: For Respondent Princor Financial Services

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 04-07954 Suzanne Lacey, (Claimant) vs. Merrill Lynch, Pierce, Fenner & Smith, Inc., (Respondent) ATTORNEYS: Claimant appeared pro se, Folsom, CA. For Respondent appeared in-house counsel Brett D. Sherman, Esq., New York, NY. NATURE OF DISPUTE: Customer vs. Member DATE FILED: November 9, 2004 CASE SUMMARY: Claimant alleged that Respondent placed her in investments, which were unsuitable

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Anthony Fabbri, Claimant v. TD Waterhouse Investor Services, Inc., Respondent Case Number: 04-07951 Hearing Site: Los Angeles, California Nature of the Dispute: Customer v. Member REPRESENTATION OF PARTIES For Claimant: Anthony Fabbri In Propria Persona Hollywood, California For Respondent: Brian G. Mulherin, Esq. Jones, Bell, Abbott, Fleming & Fitzgerald L.L.P. Los

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Marvin Pheffer, Claimant v. Mercury Securities, Respondent Case Number: 04-07937 Hearing Site: San Francisco, California Nature of the Dispute: Associated Person vs. Member REPRESENTATION OF PARTIES For Claimant: David M. Greenberg, Esq. Larkspur, California For Respondent: Maia McGehee Mercury Securities San Rafael, California CASE INFORMATION Statement of Claim

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION. INC. CASE:01-00368 Maroun and Nassif Boumoussa, claimant vs. Sharpe Capital, Eduard Mosionzhnik a/k/a Ed Moss, Gregory R. Traina, and Kurt T. Switala respondents. ATTORNEYS: For Claimant appeared John T. McGuire, Esq., New York, NY. For Respondent Sharpe Capital appeared Michael C. Simon, Esq., in-house counsel, New York, NY. Respondents Eduard Mosionzhnik ("Ed Moss"), Gregory R. Traina and Kurt