M a Q n Arbitration NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Jtatter of the Arbitration Between Name of Claimant J. Stephen Ivey vs of National Association of Securities Dealers, Inc. NASO Financial Center 33 Whitehall Street New York, New York 10004 90-01851 Prudential -Bache Securities Inc. Stuart M. Kosloff Heard before the members of the Arbitration Panel: Name James R. Marietta, Esq. Fred A. Till

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between ) ) Shearson Lehman Hutton, Inc. ) Claimant & ) Counter-Respondent ) AWARD vs. ) ) NASD #90-01839 Lee Terrell ) Maria Terrell ) Respondents & ) Counter-Claimants ) ) SUMMARY OF ISSUES Claimant alleged failure to pay an unsecured debit balance in Respondents' account arising from losses incurred in short sales of OEX options contr

Stipulated Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Louise McCoy and Hans Franke, Claimants v. Prudential Securities, Inc., James Murray, Joseph Kehoe and Robert Jordan, Respondents Case Number: 00-04799 Hearing Site: San Francisco, California REPRESENTATION OF PARTIES For Claimants: Jeff D. Ferentz Greenbaum & Ferentz LLP Newport Beach, California For Respondents James Murray and Joseph Kehoe: Ben Suter Kees

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: William E. Harris, Claimant v. Tasin & Co., Inc., Thomas J. Mullaly, and Thomas M. Giugliano, Respondents Case Number: 00-00497 Hearing Site: Los Angeles, California REPRESENTATION OF PARTIES For Claimant: William F. Davis, Esq. Attorney at Law Los Angeles, California For Respondent Tasin & Co., Inc.: Salvatore Sapienza. Tasin & Company, Inc. Hauppauge, New Yor

Arbitration N.*N«IA»oetotlon«l - NATICNRL ASSOCIATION OF SECURITIES DEAIERS NASD RnanctelCenter _ 33 Whitehall Street In the Matter of the Arbitration Between New York, New York 10004 Name nf riaiman1-/g] Carmen Richard & Jeannette Roy 90-01831 *|g"g_Q L f_|teflUtl)dsnt', f fi y First Investors Corporation Heard before the Arbitration Panel: - Wane Public/Industry Robert Seaman, Esq. Public/Chairman Henry H. Baiter Public

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants si William H. Lipschultz 90-01830 Name of Respondent (j_), Piper, Jaffray & Hoprood Incorporated Richard Li For Claimant: William H. Lipschulz was represented by David P. Pearson, Esq. of Winthrop & Weinstine, St. Paul, Minnesota. For Respondent: Piper, Jaffray & Hopwood Incorporated and Richard Li were represented by Jeff

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Bruce McDonnell vs. PaineWebber , inc . and Sean Hanlon Arbitration Between Claimant Respondents X X X X X X X X X X X CASE NO. 90-01829 AWARD CASE SUMMARY .Claimant, Bruce McDonnell ("McDonnell"), alleged that Respondent Sean Hanlon ("Hanlon"), employed by Respondent PaineWebber, inc. ("PaineWebber"), purchased a

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. CASE #90-01828 In the Matter of the Arbitration Between Raffoul Y. and Mary W. Assiiy JTWROS Claimants vs. Shearson Lehman Button, Inc. n/k/a Shearson Lehman Brothers, Inc. and Robert Buschur Respondents CASE SUMMARY Pro Se Claimants Raffoul Y. and Mary W. Assiiy, in a claim filed with the National Association of Securities Dealers, Inc. on June 28, 1990, alleged that Respondent Robert

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between Gay Klein Claimant vs. Dean Witter Reynolds, Inc, Respondent Case #90-01826 AWARD CASE SUMMARY Gay Klein, Pro Se Claimant, in a claim filed with the National Association of Securities Dealers, Inc. on June 28, 1990, alleged that Respondent Dean Witter Reynolds, Inc. "failed to timely pay an NASD, Inc* arbitration award causing Claimant to be unable

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SBCDRTTIES DEALERS In the Matter of tbe Arbitration Between o£ William A. and Elsie Sanchez vs. 90-01825 Merrill Lynch, Pierce, Fenner & Smith, Inc. Merrill Lynch Futures, Inc. Merrill Lynch Gcomodities, Inc. Michael C. Bayer For Claimants: James Paul Green, Esq. For Respondents: Janes Braden, Esq. Statement of Claim filed: OUne 28, 1990 dainBnt*s Submission Agreement signed en: Jtoe 25, 1990