Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Names of the Claimants Case Number: 04-03730 Salo Sternhell Sonia Sternhell Names of the Respondents Hearing Site: Boca Raton, Florida Investments By Planners, Inc. David Saginor Gary Saginor Nature of the Dispute: Customer vs. Member and Associated Person. REPRESENTATION OF PARTIES For Salo Sternhell and Sonia Sternhell, hereinafter referred to as "Claima

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 04-03723 Paula A, Ladne, Claimant v. Charles Schwab & Co. Inc. ATTORNEYS: Claimant, Paula A. Ladne, ("Claimant"), appeared pro se, Bellevue, WA. Respondent, Charles Schwab & Co. Inc., ("Respondent")) appeared through its in-house counsel, Janet Epstein, Esq., San Francisco, CA. NATURE OF DISPUTE: Customers vs. Member. DATE FILED: May 21, 2004, CASE SUMMARY: Claimant alleged that she pla

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Nancy Ann Staley IRA, Claimant v. Josephthal & Co., Inc., Adam DeMario, Paul Henry Fitzgerald, Salvatore F. Agosta and Mary Johnstone, Respondents Case Number: 01-00114 Hearing Site: Seattle, Washington REPRESENTATION OF PARTIES For Claimant Nancy Ann Staley IRA: Paul E. Fogerty, Esq. Burkett, Burdette & Van Kampen Seattle, Washington For Respondents Josephthal & Co.,

r Award NASD Dispute Resolution In the Matter of the Arbitration Between: Lana Anderson, Claimant v. Walter Lewis, Lighthouse Capital Corporation, Robert Zamecki, and Mary Dacumos, Respondents i , ( Walter Lewis, Cross-Claimant v. Lighthouse Capital Corporation, Robert Zamecki, and Mary Dacumos, Cross-Respondents Case Number: 04-03722 Hearing Site: San Francisco, California Nature of the Dispute: Customer v. Member and Associated Persons

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 04-03721 Stifel, Nicolaus & Company, Inc., Claimant v. James Gerwin, Respondent ATTORNEYS: For Claimant Stifel, Nicolaus & Company, Inc. ("Claimant") appeared Peter R. Sonderby, Esq., of the firm Ulmer & Berne, LLP, Chicago, IL. Respondent James Gerwin ("Respondent") appeared pro se, Cincinnati, OH. NATURE OF DISPUTE: Member v. Associated Person. DATE FILED: May 24, 2004. CASE SUMMARY

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimant Case Number: 04-03718 Mildred A. Dubinski Name of the Respondent Hearing Site: Tampa, FL National Planning Corporation Nature of the Dispute: Customer vs. Member. REPRESENTATION OF PARTIES For Mildred A. Dubinski, hereinafter referred to as "Claimant": Joel A. Goodman, Esq., Goodman & Nekvasil, P.A., Clearwater, FL. For National Planning Corporation

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimant Debra A. Seiden, individually and on behalf of her Elite Account Names of the Respondents Raymond James Financial Services, Inc. Raymond James & Associates, Inc. William T. Koenig III, individually Case Number: 04-03717 Hearing Site: Boca Raton, Florida Nature of the Dispute: Customer vs. Member and Associated Person. REPRESENTATION OF PARTIE

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Names of the Claimants Robert and Betty Sprague Mary McKinney Dorothy Knox Dorothy C. Gervasi William Harper Name of the Respondent Morgan Stanley DW, Inc. Case Number: 04-03714 Hearing Site: Memphis, TN Nature of the Dispute: Customer vs. Member. REPRESENTATION OF PARTIES For, Robert and Betty Sprague, Mary McKinney, Dorothy Knox, Dorothy C. Gervasi, and

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Names of the Claimants Case Number: 04-03712 Lenore Scheiner Jacob Scheiner Names of the Respondents Hearing Site: Boca Raton, Florida Investacorp, Inc. Walter Priebe Nature of the Dispute: Customer vs. Member and Associated Person. REPRESENTATION OF PARTIES For Lenore Scheiner and Jacob Scheiner, hereinafter collectively referred to as "Claimants": Michael Ki

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Allen A. Jackson and Case Number: 04-03707 Hearing Site: Houston, Texas Names of Respondents UBS Financial Services, Inc., Christopher Montgomery and J. Shayne Berry NATURE OF DISPUTE Customer v. Member Firm and Associated Persons REPRESENTATION OF PARTIES Allen A. Jackson ("Claimant") was represented by Robert A. Kantas, Esq., Sheperd, Smith