NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. CASE #91-01648 AWARD In the Matter of the Arbitration Between PaineWebber, Inc. Claimant vs . Michael Scott Davis Respondent CASE SUMMARY PaineWebber, Inc. by its attorney Garry J. Stegeland, Weehawken, NJ, in a claim filed with the National Association of Securities Dealers, Inc. on May 29, 1991, alleged that Respondent Michael Scott Davis has failed to satisfy a debit balance in

N.A.S.D. AWARD NKCXGKAL ASSOCTATICN OF SBCDRITIES DEftLERS In the Hatter of the Arbitration Between Name of Claimant Yvcnne F. Thede 91-01647 Malcne & Associates, Inc. Rdbert 6* Malone Robert HoGee Claimant was represented by Richard T. Webrle, Esq., Denver, Colorado and Russell K. Bean, Esq. of Krys, Boyle, Golz, Reich & Freedman, Denver, Colorado. Respcandents Malone & Associates, Inc. and Rdbert G. Malcne were represented by Rober

N.A.S.D. AWARD NKTICNAL ASSOCIATION OF SECURITIES DEAIZRS In the Matter of the Arbitration Between Mama Ralph A. Mill 91-00270 of espondent ) U.S. Bancorp Brokerage KK^M^^ For Claimant: John M. Keefe r Esq. For Respondent: Richard L. Caswell, Esq., of U.S. Bancorp Statement of n*im filed: January 25 r 1991 First Anandad Claim filed: April 12, 1991 Claimant's Submission Agreement signed om January 21, 1991 Statemen

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEMURS In the Matter of the Arbitration Between Name of Claimant: (s} Robert S. Peterson Name of Resnon PaineVfebber Incorporated Alan Siegel 91-00269 For Claimant: Robert S. Peterson appeared pro se. For Respondents: PaineWebter Incorporated and Alan M. Siegel were represented by Joseph. A. Vallo, Esq. of PaineWebber Incorporated, Vfeehawken, Mew Jersey. Statement of Claim filed: Jan

Arbitration National Association Of Securities Dealers, hie. _ NASD Financial Center OP SEUURITlbtf CBhlfRS 33 Whitehall Street New York, N.Y. 10004 la the Hatter of the Aibitration BetNeea FAX (21 2) 858-4389 Name of Iheresa R. Gregorian 91-00267 £ p< Ma a • vlont-fl Shearscn ii^man Brothers, IDC* Donna M. BloriH For Claimant Theresa R* Gragcxrlch ("Claimant") : George L. MoGaugbey, of McDonald, Hopkljis et al- For Respondent

M.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Wane of _ClaimantH Richard and Mary Virgile 91-00265 Name of Respondents Richard A. Chennisi Steven Stil Robert R. Sfcoff John Moran Edward Gonzales RKPRBSKHTATIOH For Claimants Richard and Mary Virgile ( "Claimants •) : Richard Virgile. For Respondent Richard A. Chennisi ( 'Chennisi") : Jeffrey B. Hulae, Esq.. For Respondent St

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the totter of the Arbitration Between Amie L.F. Tippett 91-00261 Name of Respondents W.H. Newbold's Sons & Co., Inc. John M. Duffin Gordan Wright For Claimant: Drew S. Dorfman, Esq. of Krimstock & Dorfman. For Respondent: Phillip D. Berger, Esq. of Klehr, Harrison, Harvey, Branzberg & Ellers. Statement of Claim filed: January 24 , 1991. Joint Statement of Answer filed by an

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: nf-lhp P]^|pant Cfl^ NlUTlb^T 00-04942 Michael D. Whitfield HftflrJTig $itg' Baltimore, MD Prudential Securities, Inc. Charles Toadvine Claimant, Michael D, Whitfield ("Whitfield"), hereinafter referred to as "Claimant": William S. Heyman, Esq., Tydings & Rosenberg, Baltimore, Respondent, Prudential Securities, Inc. ("PSI") hereinafter referred to as ''Respondent PSI"

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Virginia I. McCoskrey No. 91-00 Name of Respondent(s) Jerald R. Carey -'• *"• The Carey Company REPRESENTATION OF PARTIES For Claimant: Douglas P. McLeod, Esq. and Karl Zobrist, Esq. of Blackwell Sanders Matheny Weary & Lombardi. For Respondents: Ron Hollinger, Esq. of Boland, McQuain, Block, DeHardt & Rosenbloom.

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration. Between Name of Claimant (s) Elisa H. Lucksinger 91-00249 Name of Respondent (a) Rauscher Fierce Refsnes, Inc. John M. Tim: For Claimant: Elisa H. Lucksinger was represented by Lisa D. Schafroth, Esq. and Steven H* Bowers, Esq. of Winstead, Sechrest & Minick, Austin, Texas. FOOT Respondents: Rauscher Fierce Resfnes, Inc. was represented by Scott M.