Stipulated Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Name of Claimant: Norman R. Spicer Trustee, Norman R. Spicer Rev. Trust, Case No: 00-04922 Names of Respondents: American Express Financial Advisors, Inc., Mark Ryan and Brenda Martin. Hearing Site: Boca Raton, Florida REPRESENTATION OF PARTIES For Norman R. Spicer Trustee, hereinafter referred to as "Claimant": John T. Morrison, Esq., Boca Raton

N.A.S.D. AWARD NKTICNAL ASSOdKTICN OF SECURITIES DEALERS In the Matter of the Arbitration Between* Name of Clalmnt(s) Rollis L. Friend Mary Viola Friend vs. 91-00358 Name of Respondent (s) Shearson Tehran Brothers, Inc. Michael R. tfcore For rna-iTna-n.ts; Leonard Herr, Esq. , Kahn, Scares & Convey, Visalia r California For Respondents: Robert L. Gonser, Esq., Keesal, Young & Logan, San Francisco, California QMSB IKECBiKEICH

NATIONAL ASSOCIATION OP SECURITIES DEALERS, INC. In the Matter of the Arbitration Between : •• Dean Wittw, Reynolds f Inc. : vs, Marie Elaina and Lawrence Filetti Respondents : CASE SUMMARY Dean Witter Reynolds, Inc. by its counsel, Dominick J. Dorata, Esq., in a claim filed with the National Association of Securities Dealers, Inc. on February 1, 1991, alleged that Respondents Marie Elaina and Lawrence Filetti have failed to pay

H.A.S.D. NAUCNKL ASSOCTATICK OF SECOKmES DERU3RS In the Matter of the Arbitration Between, of Wallace BoMard Clayton & Muriel Clayton. of Merrill Lynch, Pierce Fenner & Smith "IncH Anne M. Cook 91-00347 For daisont: Bruce R, Heurlin Clayton and Muriel daytcn. were represented by Esq. of O'Ccomor, Cavanagh, Anderson, Westover, Killingsworth & Besbears, P.A., in Tucson, Arizona. Foe Respandentst Mecrill Lynch, Pierce, Feoner & Smit

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between '" Name of Claimant Gale Bailey 91-00345 Name of Respondents Creative Equity Resources, Sheila Field, Field Financial Services, and Thorn Berkowitz. RKPRESgHTATION~~ For Claimant at the hearing: Margaret K. Savage, Esq., Minneapolis, Minnesota. For Respondent, Creative Equity Resources, Inc. at the hearing: Peter J. Tinroons, Saq. o

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between John w. & Barbara Ann Wall Claimants v. Case No. 91-00-344 AWARD G.K. Scott & Co., Inc. Michael Roberts Philip C, Mullan Respondents This matter was heard in Columbus r Ohio, on December 12, 1991. The Claimants appeared pro se; Respondent G.K. Scott & Co., Inc., was represented by Harold I. Geringer, Esq.; Respondent Michael S. Roberts par

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. CASE #91-00329 AWARD In the Matter of the Arbitration Between Dean Witter Reynolds, Inc. Claimant vs. Gregory Shepis Respondent CASE SUMMARY Dean Witter Reynolds, Inc. by its counsel Dominick J. Dorata, Esq., in a claim filed with the National Association of Securities Dealers, Inc. on January 30, 1991, alleged that Respondent Gregory Shepis has failed to pay a debit balance in his Act

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Daniel Leone, (Claimant) vs. Josephthal Lyon & Ross, Inc. and Timothy Stratford, (Respondent) Case Number: 00-04919 Hearing Site: Boston, Massachusetts REPRESENTATION OF PARTIES Claimant, Daniel Leone, hereinafter referred to as "Claimant": John D. Leone, Esq., Leone & Leone, Arlington, MA. Previously represented by: Robert F. Van der Waag, Esq., Law Offices of Amrod & Van der

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC, In the Matter of the Arbitration Between Mark A. Strutner vs. Claimant Jonathan Alan and Company, Inc. Alex Brown and Sons, Inc. Respondents Case #91-00311 AWARD CASE SUMMARY Pro Se Claimant, Mark A. Strutner,* in a claim filed with the National Association of Securities Dealers, Inc. on January 30, 1991, alleged that Respondent Jonathan Alan and Company, Inc. failed to transfer hi

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. CASE #91-00305 AWARD In the Matter of the Arbitration Between Michael R, Lackner Claimant vs. Gruntal & Co., Inc. Respondent CASE SUMMARY Pro Se Claimant Michael R. Lackner, in a claim filed with the National Association of Securities Dealers, Inc. on January 29, 1991, alleged that Respondent Gruntal & Co., Inc. failed to properly credit his account with interest from 1981-1988 on his