N.A.S.D. AWARD NASD Regulation, Inc. Office of Dispute Resolution In the Matter of the Arbitration Between Name of Claimant William Jaseph 96-02802 Name of Respondent Gruntal & Co., Inc. Brock A. Malky REPRESENTATION Claimant William Jaseph ("Claimant") was represented by John P. Connolly, Esq., Alexandria, VA 22314. Respondent Gruntal & Co., Inc. ("Gruntal") was represented by Emilia M, DeMeo, Esq., Gruntal & Co., Inc., New York, NY

N.A.S.D. REGULATION ORDER NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION, INC. In the Matter of the Arbitration Between Name of Claimant Ernestine P. Young 96-02801 ORDER OF DISMISSAL Name of Respondent Edward D. Jones & Co. REPRESENTATION For Claimant Ernestine P. Young: Claimant appeared pro se. For Respondent Edward D. Jones & Co.: Lisa A. Nielsen, Esq., Greensfelder, Hemker & Gale, St. Louis, MO. , CASE INFORMATION Sta

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Thomas R. Clements 96-02797 Name of Respondent Piper Jaffray Inc. CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on June 28, 1996, claimant Thomas R. Clements ("claimant"), who appeared Pro Se, alleged that respondent Piper Jaffray, Inc. sold him an investment to his detriment. Claimant

N.A.S.D. AWARD In the Matter of the Arbitration Between Name of Claimant Claude R. Breese 96-02796 Name of Respondent Investors Associates, Inc CASE SUMMARY In a case filed with National Association of Securities Dealers Regulation, Inc. on June 28, 1996, claimant Claude R. Breese ("claimant") who appeared Pro Se, alleged that respondent Investor:; Associates Incorporated ("Investors") fraudulently represented that he had purchased 2,000 shares

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Fui-Lai Lai, Hsieh-Chiao Lai, Kent M. Lai, and Jim M. Lai, Claimants v. Merrill Lynch, Pierce, Fenner & Smith, Inc., Evan Fuwen Ling, and Jessica Huang Wong, Respondents Case Number: 00-05094 Hearing Site: Los Angeles, California REPRESENTATION OF PARTIES For Claimants: Douglas J. Rovens, Esq. Rovens, Lamb & Gase LLP Los Angeles, California For Respondents: Stan Blumenfeld,

N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION, INC. In the Matter of the Arbitration Between Name of Claimant Tom Friendly 96-02795 Name of Respondent Investors Associates, Inc. f/k/a Vision Investment Group REPRESENTATION For claimant Tom Friendly ("claimant") appeared his representative Joel C. Seltzer, Esq., a sole practitioner located in Union, New Jersey. Respondent Investor Associates, Inc. did not app

AWARD NASD Regulation, Inc. Office of Dispute Resolution In the Matter of the Arbitration Between Kim D. Pavlik, Claimant, and No. 96-02786 ^Nationwide Securities Corp., Southwest Securities, Inc., Peter C. Restivo, Thomas DeCeglie, Kevin B. Williams, Joseph R. Huff, Respondents. ^________ * REPRESENTATION OP PARTIES • ' : ' • • • • • ' . . • \ , • . .

-LA AWARD NASD Regulation, Inc. Office of Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Precision Associates, Inc. and 96-02782 Name of Respondent John G. Kinnard and Company, Inc. Lehman Brothers, Inc. REPRESENTATION OF PARTIES Precision Associates, Inc. ("Claimant") vvasrepresenteftfey Mark J. Briol, Esq., Bnol & Associates^ Minneapolis,Minnesota. , : ,s, i; x?, John G. Kinnard and Com

N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION, INC. In the Matter of the Arbitration Between Name of Claimants Anna M. and Anthony T. Perna 96-02771 Name of Respondents Nicholas P. Barbieri Quick & Reilly, Inc. REPRESENTATION Claimants Anna M. And Anthony T. Perna ("Claimants") were represented by Anthony J. Horn, Esq., Philadelphia, PA. Respondents Nicholas P. Barbieri ("Barbieri") and Quick & Reilly, I

NASD REGULATION, INC. OFFICE OF DISPUTE RESOLUTION ARBITRATION AWARD NASD REGULATION. INC. - OFFICE OF DISPUTE RESOLUTION In the matter of the Arbitration Between Name of Claimants Sholom and Jeanie Joshua, JTWROS NASD Regulation, Inc. Office of Dispute Resolution Arbitration No. 96-02770 Name of Respondents Quick & Reilly, Inc., Robert W. Bayliff, Steven Parker, David T. Hoppers, Javier Reyes REPRESENTATION For Claimants: Sholom Jos