NASD N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Arbitration National Association of Securities Dealers, Inc. NASD Financial Center 33 Whitehall Street New York, New York 10004 90-02635 Name of Respondent Smith Barney, Harris, Upham and Company, Inc, For Claimants: Marc A. White, Esq. of the Law Offices of Marc A. White. For Respondent: Edward G. Turan,

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEAI£RS In the Matter of the Arbitration Between Name of Claimant(s\ Sydney S. & Regina K. Osten JT TEN 90-02626 Name of Ftogpnrv-tont./ s\ Robert Eisenberg Linsco/Private Ledger Corp. Claimants Sydney and Regina Osten ware represented by Frederick S>*/ Cassman, Esq. Respondents Robert Wisenberg and Linsco/Private Ledger Corp. were represented by Roland Santoni f Esq. CASE SUMMRHY

FEB-24-1995 11 = 21 FROM NPSD-PRBITRflTICN-CNICftGO TO 1 212 858 4389 P.02 N.&.S.D, NKTICNHL ASSOCIATION OF SECURTTIES DEALERS In the Matter of the Arbitration Between of Claimant fs^ Janet Beck Saigh Grantor & TTEE 90-02624 Stifoir Nicolaus & Cocrpany, Incorporated K* norland & GO. Annin t. Stucte Clafenant Janet Beck Saigh appeared ggj sg. awpondent Stifel, Nicolaus & co. f lie* was represented fcy Forzsst H. anith, Seq., vice Prof

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the totter of the Arbitration Between Name of Mildred Nicholson & Jtoyna Hudgen 90-02622 Name of Respondent^ s) Steve H. Sharps Paulson Investment Company Inc. In a Statement of Claim filed with the NASD on September 17, 1990, Claimants Mildred Nicholson and fltoyna Hudgen alleged that Respondents Steve H. Sharpe and Paulson Investment Company, Inc. misrepresented the tax consequen

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between Gerald P. Bellizzi Case No. 00-04889 Royal Hutton Securities, Coip. John Vazaios, Jr. Richard A. Scarsella Hearing Site: Philadelphia, PA PFPRFSFNTATTrW HP PARTTFR Claimant, Gerald P. Bellizzi ("Claimant"): Nicholas-J. Guiliano, Esq. and Steven M. Dranoff, Esq., Law offices of Dranoff-Perlstein Associates, Philadelphia, PA. Respondent, Royal Hutton Securities, C

Stipulated Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Leon Friedman and Jeanette Friedman, (Claimants) vs. PaineWebber Incorporated and Robert Child, (Respondents) Case Number: 00-00501 Hearing Site: Albany, New York REPRESENTATION OF PARTIES Claimants, Leon Friedman and Jeanette Friedman, hereinafter collectively referred to as "Claimants": Ronald S. Kossar, Esq., a sole practitioner, Middletown, NY. Respondent, P

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Thonas Kaufman 90-02597 Name of Respondents J.W. Cant and Associates, Inc. Jonathan White 1 PAR •'••*>* Thomas Kaufman was represented by Sheldon E. Friedman, Esq. of Cortez & Friedman, P.C,, Denver, CO. J.W. Gant & Associates, Inc. and Jonathan White were represented by Dean Aarestad, Esq. and Tamara R. Walters, Esq. of Aarestad & Dihl

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Name of Donald E. Rodin, II 90-02596 Name of Myron Brosnahan Invest Financial Corporation For Claimant: Charles Ferguson, Esq. For Respondents: Eugene B. Harper, Esq. Statement of Claim filed: September 17, 1990 Claimant's Submission Agreement signed on: August 23, 1990 Statement of Answer filed by Respondent, Invest Financial Corporation o

N.A.S.D. AWARD ASSOCIATICN OF SBCDRITIES DEALERS In the Matter of the Arbitration Between Name of Claimant(s) Donald B. and Kathryn M. Riibin 90-02594 Name of Respondent (a) Smith Barney Harris Upham & Co./ Inc. Jeremiah Burns For Claimants; Cynthia M. Clarke, Esq. of the law firm of Sullivan & Worcester For Respondents; Paul K. Barentoltz, Esq. case Statement of Claim filed; September 14, 1990. Claimants ' Submission Agreements

JVASO N.A.S.D. AWARD Arbitration ^•i^»^™««^^^™^ National Association of Securities Dealers, Inc. NASD Financial Center 33 Whitehall Street New York, New York 10004 NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between Name of Claimant-. Norman E. Holly vs. 90-02588 Name of ReapoivjgntS Johnston, Lemon & Co., Inc. Nathan K. Yu For Claimant: For Respondents: John P. Connolly,