N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In che Matter of ths Arbitration Between - - Name of Claimants Ruth Butler and Gregory Butler and 91-02966 Name of Respondents - •«-- Shearson Lehman Brothers, Inc. and Scott Sinclair REPRESENTATION OP PARTIES Claimants were represented by Timothy J. Schutz, Esq., of Hanes & Schutz, Colorado Springs, Colorado. Respondent Shearson Lehman Brothers, Inc. was represented by

Arbitration ® National Association of N.A.S.D. AWARD Securities Dealers, Inc. NASD Financial Center NMTCNBL ASSOdMTICN OP SELX1K1T1ES DEALERS 33 Whitehall Street New York, N.Y. 10004 FAX (212) 858-4389 In the Matter of the Arbitration Between Q£ Steven M. anrl Rebecca A. Schneider 91-02965 Name of Respondents Merrill Lynch Pierce Fenner & Smith Inc Keith A. Myers For Claimants; Michael C. Lemfce, Esq. of the law firm of MEYER, JE

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Boston International Student Services, Inc., (Claimant) vs. Whitehorae & Co., Ltd. and Alan H. Davidson, (Respondents) Case Number: 00-00498 Hearing Site: Boston, Massachusetts REPRESENTATION OF PARTIES Claimant, Boston International Student Services, Inc., hereinafter referred to as "Claimant": James L. Ackennan, Esq., Wadland & Ackerman, Andover, MA. Respondents, Whiteho

&«&.£oD* AWARD NATIONAL ASSOCTAT1CN OF SECURITIES DEALERS In the Matter of the Arbitration. Between of Albert & Alfhild Buctmarm 30-02246 ARBITRATION-CHICAGO NanoeofRe^DGixtents Securities Inc. and Bruce Scott For Claimant: Frank Lewis, Esq. of langeonan, Begam, Lewis & Marks, Arizcca. For Respcndents: Jesse B. Sinpscn, Esq. of Lewis and Boca, Phoenix, Arlzovu IliKJMBiTiJUM Statement of ClalTn filed: August 15, 1990. fln>iiri

N.A.S.D. AWARD NATIONAL ASSCCIATICN OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants John C. and Joan Lewis vs. NASD #90-02241 Name of Resnnnrjpnta Wedbush Morgan Securities Gary Feldman Joseph De Beaucbamp For Claimants: M. Nelson Segel, Esq., Las Vegas, Nevada For Respondents Wedbush Morgan Securities *nri Gary Feldman; Marie Kaftan, Wedbush Morgan Securities, Los Angeles, California. For Respondent

N.A.S.D. AWRRD NATIONAL ASSOCIATION OF SECURITIES DEALERS In -the Matter of the Arbitration Between Angelo & Lina Aquino 90-02237 Name of Dean Witter Reynolds, Inc. H. L. Glenn Chuck Strocnberg Brian Bower CP UAH 1 ! 1 ! Hfi Angelo and Lina Aquino were represented by Thomas L* Stahl, Esq. of Rodney, Dickason, Sloan, Akin & Rofcb, P.A., Albuquerque, NM. Dean Witter Reynolds, Inc., H.L. Glenn, Chuck Strcnfcerg, and Bria

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: John. R. Rohner and Joan R. Rohner Trust A, John R. Rohner and Joan R. Rohner Trust B, John R. Rohner IRA, and Barbara M. Rohner, Claimants v. Miller & Schroeder Financial, Inc. and Mark Augusta, Respondents Case Number: 00-04825 Hearing Site: San Diego, California REPRESENTATION OF PARTIES For Claimants: Arthur S. Leider Investors Arbitration Specialists, Inc. San

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC CASE 190-02231 AWARD In the Matter of the Arbitration Between Nathaniel S. Pirchesky Claimant vs . Timothy Notaro Respondent CASE SUMMARY Nathaniel S. Pirchesky, in a claim filed with the National Association of Securities Dealers, Inc. on August 9, 1990, alleged that Respondent Timothy Notaro recommended an unsuitable investment that was not according to his expressed objectives. H

N.A.S.0. AWARD NRTICNRL ASSOdATICN OF SECURITIES DEALERS In the Matter of the Arbitration Between ) ) Wan* of Cl a-brant (a) ) ) J. dark Hamilton, LOS ) dark Hamilton, D.D.S., P.A. ) ) ) Case No. 90-02227 ) Name of Respondent (s? } ———— fc —— ) Prudential-Bache Securities Inc. ) Quentin G. Biscboff } KBflagagf.ua.-JXM For Claimants, J.dark Hamilton ("Hamilton") and dark Hamilton, D.D.S., P.A. ("Hamilton P.A.")

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC, CASE #90-02223 AWARD In the Matter of the Arbitration Between Robert A. Burgess Claimant vs. Shearson Lehman Hutton, Inc. Respondent CASE SUMMARY Robert A. Burgess, in a claim filed with the National Association of Securities Dealers, Inc. on August 14, 1990, alleged that Respondent made an unauthorized purchase for his account which resulted in a debit balance therein. Respondent,