Award NASD Dispute Resolution In the Matter of the Arbitration Between: Gilford Securities, Inc., (Claimant) vs. Kevin Sylla, (Respondent) Case Number: 00-05144 Hearing Site: New York, New York REPRESENTATION OF PARTIES Claimant, Gilford Securities, Inc., hereinafter referred to as "Claimant": Michael Kalmus, Esq. Attorney at Law, New York, NY. Previously represented by: Norman S. Lawi, Esq., General Counsel, Gilford Securities, Inc., New York, NY.

Stipulated Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between Names of Claimants Robert H. Mobley, III Lindsay Mobley Williams Case No. 00-00522 Names of Respondents Salomon Smith Barney, Inc. The Robinson-Humphrey Company, LLC Paul Dennis Way REPRESENTATION OF PARTIES For Robert H. Mobley, III and Lindsay Mobley Williams, hereinafter collectively referred to as "Claimants": T. English McCutchen, III, Esq. o

AWARD NASD Regulation, Inc. In the Matter of the Arbitration Between Name of Claimants Marc Attar Nina Attar Hazelnut Health & Diet Foods, Inc. Def. Case No. 96-03240 Name of Respondents Dan Glass William C. Gerhauser William H. Gerhauser Rothschild Global Investments Inc. REPRESENTATION Marc Attar, Nina Attar, and Hazelnut Health & Diet Foods, Inc. Def. (collectively "Claimants") were represented by Dan A. Druz, Attorney

N.A.S.D. AWARD NASD REGULATION, INC., OFFICE OF DISPUTE RESOLUTION In the Matter of the Arbitration Between Name of Claimant/Counter-Respondent Michael G. Sammon 96-03235 Name of Respondents/Counter-Claimants Pierce & Company L.P.; Wayne L. Pierce; Pierce Financial Inc.; and Pierce Capital, Inc. REPRESENTATION For Claimant/Counter-Respondent: Michael G. Sammon ("Sammon") appeared pro se. For Respondents/Counter-Claimants: Pierce & Co

AWARD NASD REGULATION. INC.. OFFICE OF DISPUTE RESOLUTION In the matter of the Arbitration Between Name of Claimants Bernard and Lenore Rapkin, and Bernard Rapkin as Co-Trustee of the account of Bernard and Lillian Rapkin v. Arbitration No. 96-03232 Name of Respondents Smith Barney, Inc., Oppenheimer & Co., Inc., Lee A. West REPRESENTATION For Claimants: For Respondents Smith Barney, Inc. and Lee A. West: For Respondents Oppe

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant/Counterclaim Respondent Raymond, James & Associates, Inc. 96-03229 Name of Respondent/Counterclaimant/ Third Party Claimant Erik Papenfuss Names of Third Party Respondents Bill J. Short II Stephen Trigg Kuhn Joseph Tuorto REPRESENTATION For Claimant Raymond, James & Associates, Inc. ("Raymond James 11 ) and

AWARD NASD REGULATION, INC., OFFICE OF DISPUTE RESOLUTION In the matter of the Arbitration Between Name of Claimant Stephen Patterson and Albert A. Pansi v. Arbitration No. 96-03222 Name of Respondent Kensington Wells, Inc., Salvador Tacher, Steven Vornea, and Adam Levy REPRESENTATION For Claimant: Leonard Steiner Steiner & Libo Beverly Hills, California For Respondent Salvador Tacher: Michael A. Bertz, Esq. Attorney at Law

AWARD NASD Regulation, Inc. Office of Dispute Resolution In the Matter of the Arbitration Between Michael Zinger Claimant, v. Case Number 96-03221 Ceres Securities, Inc. Respondent. REPRESENTATION OF PARTIES Claimant Michael Zinger ("Claimant") appeared pro se. Respondent Ceres Securities, Inc. ("Respondent" or "Ceres Securities") was represented by Mary K. Fay, President of Ceres Securities, Inc. Respondent was previously represented by Pat

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Bret Cipes 9643214 Vanguard Brokerage Services For Claimant: Stephen Murphy, Esq. of the law firm of Pino & Dicks, P.C., Longwood, Florida, For Respondent: Pauline C. Scalvino, Esq. of The Vanguard Group, Valley Forge, Pennsylvania. CASE INFORMATION Statement of Claim filed on: My 29, 19%. Claimant's More Definitive Statement of Claim filed

NASD REGULATION AWARD NASD REGULATION, INC. In the Matter of the Arbitration Between Name of Claimant Elizabeth D. Karl 96-03205 Name of Respondents A.G. Edwards & Sons, Inc. First Albany Corporation Franklin L. Grey REPRESENTATION For Claimant, Elizabeth D. Karl ("Claimant"), appeared Michael P. DeGroat, Esq., of the law firm Eaton, Griffith, DeGroat & Northrup located in Walton, New York. For Respondent A.G. Edwards & Sons, Inc. ("