N.A.S.D. NKTICNRL ASSOCIATION OF SECURITIES DERLERS In the Matter of the Arbitration. Between Q£ Sam Kumar Gupta 91-00182 Name of Sesnonrlpnta Vautraln Nelson Lef evre Endsley & Durham Lynn D. Vautrain HEHnBg agra TT T ?T OF Claimant did not appear. Respondent Lynn D. Vautrain appeared pro se* case iHpgamnQg The Statement of m^m was filed en. or about January 15, 1991. Claimant's Submission Agreement signed, en. J

N.A.S.D. AWARD NMTCMAL ASSOCIATION OF SBCORITXES DEALERS In the Matter of the Arbitration Between Robert J. Glynn Mazy A. Glynn NASD Arbitration vs. No. 91-00178 Dean Witter Reynolds, Inc. and Paul Roye For Claimant: David Hayes, Esq. of Glynn & Harvey. For Respondent: Eric Wallis P Esq. of Crosby, Beaf ey, Roach and May CftSS Statement of ma-i™ filed January 16, 1991. Claimant's Submission Agreement signed on: March IS, 1991

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION, INC. CASE: 00-04939 First Union Securities Incorporated, claimant vs. Sarah Jane Hawthorne, respondent. ATTORNEYS: For Claimant appeared, James A. Vollins, Esq., Vice President and Associate Counsel, Charlotte, NC. Respondent did not respond to the Statement of Claim. DATE FILED: November 7, CASE SUMMARY: Claimant alleged that respondent failed to repay a debit in her securities account.

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the ttotter of the Arbitration Between I 1 Name of Claimant (s) *- Joe Jay Clonts, III Name of First American National Securities, Inc. 91-00176 For Claimant: Joe Jay Clonts III appeared pro se. For Respondent: First American National Securities, Inc. was represented by Edwin L. Bsffiman, Esq. of First American National Securities, Inc., Duluth, Georgia. Statement of Clajjn

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between James W. & June K. Churchman Claimant vs. Merrill Lynch. Pierce. Fenner & Smith, Inc vs . Linda H. Francis Respondents CASE #91-00173 AWARD CASE SUMMARY James W. and June K. Churchman, in a claim filed with the National Association of Securities Dealers, Inc. on January 16, 1991, alleged that they were purposely misled by the information

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between e of Claimant Marcia M. Roubik NoT 91-00169 of Respondents Merrill Lynch, Pierce, Fenner & Smith, Inc. Thomas R. Valaika Larry H. Lovitsch REPRESENTATION OF PARTIES For Claimants: Paul D. Carrier, Esq. of Fishman & Merrick, Chicago, Illinois. For Respondents: Peter A. Cantweil, Esq, and Steve Boulton, Esq. of Cantwell & Cantweil, Chicag

Mfift-24-1993 17:31 FROM ADMIN. SUCS. MD TO P.02 PUBLIC AWARD ASSOCXAXXCT CF MHf.im'mfc{ In the Matter of the ArfaitzatioQ Arbitration National Aiftocfcition of SteurttiBB Ottfer*, Inc. NASD Financial Center 33 Whitehall Slreet New YOTK N.Y. 10004 FAX (212) 858-4389 P. staofcl 31-00157 tfane of Ecppccdcptg Sbearaczi, LabBsa Brothers, Inc. Daniel L. For P. Stecfclxw ("Oaiaant") : Tiactfiy J- Kocai, a sola

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SaUUKlTlfcS DEALERS In the Matter of the Arbitration Between Name o£ Claimant Donald I. Burdick, DEM 91-00156 Name of Respondent First of America Brokerage Service, ""Inc, Claimant Donald I. Burdick appeared pro se. Respondent First of America Brokerage Service, Inc. was represented by Mark A. Davis, Esq. of Howard & Howard Attorneys, P.C* of Kalamazoo, Michigan. case The Statement of Claim was file

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. CASE #91-00152 AWARD In the Matter of the Arbitration Between Dr. Samuel Schur Claimant vs, Shearson Lehman Hutton, Inc. n/k/a Shearson Lehman Brothers, Inc. Norman Masri Respondents CASE SUMMARY Pro Se Claimant Dr. Samuel Schur, in a claim filed with the National Association of Securities Dealers, Inc. on January 14, 1991, alleged that Respondent Norman Masri, acting on behalf of

NASD N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the iMatter of the Arbitration Betv^en Name of Claimant: David Schneider 91-00148 Name of Respondent Sononfeld Securities, Inc. Arbitration National Association of Securities Dealers, Inc. NASD Financial Center 33 Whitehall Street New York. New Vork 1000 For Claimant: Eric H. Moss, Attorney at Law. For Respondent: Bill T. Singer, Esq. of the firm Noah, Sing