N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Jfatter of the Arbitration Between ) ) Namaof Chris ffottram Kashner Davidson Securities, Inc. Case No. 90-03290 For Claimant, Chris Mottram ("Jtottraro"): A. Grant Bohl of D.B. Managanent. For Respondent, Kashner Davidson Securities, Inc. ("Kashner"): William T. Kirtley, Esq. of William T. Kirtley, P.A. Statement of Claim filed: on November 20, 1990 and amended on December 17,

NATIONAL ASSOCXAHCN OF SJJJIJkiTJJES HEATERS [y ! \ FEB 2 61992 In the Matter of the Arbitration Between ; \. Gary Tnieret 90-03289 Mama of Respondent SSooith Barney Harris D^bam & Co., Inc. Claimant Gary Ihieret was represented by William F. Meehan, Esq. of Carbcoodale, Illinois. Respondent Sooith Barney, Harris,, qpham, & Co., Inc. was represented by H. Tbdd Iveson, Esq. of Green, Hoffmann & Dankenbring, St. Louis, Missouri. CASE

N.A.S.D. AWARD NAHCNAL ASSOCEATICN OF SECORITIES DEALERS In the Matter of the Arbitration Between Q£ Elizabeth B. Sutphln 90-02662 Name Of P**ppnnHont Securities IDC. Claimant was represented by Richard Mdttsnus, Esq., Denver, Colorado. Respondent was represented by Herbert J. Marefc, Esq* of Prudential Securities, Inc. , New York, New York. Statenent of riaim filed on or about September 25, 1590. daimant f s Submission Agreement

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Jfatter of the Arbitration Between ) ) Name of Claimantfs^ ) ) Henry F. Hill ) ) ) Name of RognnnHianf (« ^ ) ) Pershing Financial Group ) Inga M. Werlitz ) Werlitz Securities, Inc. ) U.S. Clearing Corp. ) Case No. 90-02661 For Claimant, Henry F. Hill ("Hill"): Robert L. Byman, Esq. of Jenner & Block. For Respondents, Inga M. Werlitz ("Wsrlitz") and

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between Bruce and Rebecca Yordy American Express Financial Advisors, Inc. IDS Life Insurance Company Jerome L. Stachura Ryan D. Murray In the Matter of the Arbitration Between nf Plaimnnt Lorraine Yordy American Express Financial Advisors, Inc. IDS Life Insurance Company Jerome L. Stachura Ryan D. Murray Hearing Site: Philadelphia, PA Case No. 00-04890 (

Arbitration National Association of N.A.S.D. AWARD Securities Dealers. Inc. NASD Financial Center NATIONAL ASSOCIATION OF SECURITIES DEALERS 33 Whitehall Street New York, N.Y. 10004 FAX (212) 858-4389 In the Matter of the Arbitration Between of Claimant Walter S. Grossman 90-02658 Name of Respondent Charles Bolanis, II For Claimant ("Claimant") : Gregory A. Santarelli, a sole practitioner. For Respondent ("Respondent") : William

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the totter of the Arbitration Between Name of riaimantf s^ F. Paul Mulligan 90-02644 Name of PaineWebber, Inc . Jtorard Redgate Heard before: Name Public/Indus try Cornelius J. IfcAuliffe, Esq. Public Arbitrator Julien F. Begien, Esq. Public Arbitrator Theodore R. Turner, Jr., Esq. Industry Arbitrator Claimant F. Paul Mulligan was represented by Michael Collora, Esq. of

N.A.S.D. AWARD >:3TICNRL ASSOCIATION OF SECURITIES DEMURS In the Matter of the Arbitration Between NELL GKUBB Claimant No. 90-02639 and MERRILL LYNCH, PIERCE, FENNER & SMITH, INC. Respondents Nell Grubb was represented by Lawrence L. Msaler, Esq., Dallas, Texas* Merrill Lynch, Pierce, Fenner & Smith, Inc. was represented by Donald L. Littlefield, Esq. of Geary, Stahl & Spencer, Dallas, Texas. In a statement of claim filed with the Nation

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between x x Ralph and Jane Nicholls, x Claimants, x x CASE NO. vs. x 90-02637 x William J. Leahey, and x AWARD Smith Barney, Harris Upham & Co., Inc., x x Respondents. x ___ x CASE SUMMARY Claimants, Ralph and Jane Nicholls ("Claimants"), alleged that Respondent William J. Leahey's ("Leahey"), an employee of Respondent Smith Barney, Harr

N.A.S.D.JMARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Daniel and Elaine DeAngelo 90-02636 Name Of Jesup, Josephthal &,Co., Inc. For Claimant: Appeared pro se. For Respondent: Donald V. Hanson, Esq., in-house counsel. Statement of Claim filed: September 20, 1990. Claimant's Submission Agreement signed on: September 17, 1990. Statement of Answer filed: December 21, 1990. Respondent di