N.A.S.D. AWARD ^PR ? 3199! NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Lewis E. Henderson 90-00945 Name of Merrill Lynch Pierce Fenner & Smith p Inc. In a Claim filed with the National Association of Securities Dealers, Inc. ("NASD") on or about March 30, 1990, Claimant Lewis Henderson ("Henderson") alleged that Respondent Merrill Lynch Pierce Fenner & Smith, Inc. ("Marrill

NASID N.A.S.D. AWARD NAUXUftL ASSOCIATION OF SBOKTEIES DEMURS Arbitration National Association of Securities Dsaisrs, Inc. NASD Rnancial Center 33 Whitehall Street New York, New York 10004 In the Matter of the Arbitration Between Walter F. Stuhldreher vs Case f 90-00936 Dean Witter Reynolds, Inc. Claimant, Walter F. Stiihldreher, a i 11o y an that he sold his shares in Southern Go* to purchase shar

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the totter of the Arbitration Between ) ) Name of (71 a i mantis! ) ) Sandra F. Borchers ) ) Case No. 90-00931 Name of Respondent^ ) ) Smith Barney Harris Upham & Co., Inc. ) James Strainer ) Mark D. Gilbert ) Heard before the members of the Arbitration Panel: Randy R. Freedman, Esq. Public Harold Alenick Public Lionel P. Greenbaum Industry Claimant, Sandra

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Aldis Browne in and Maria Munroe Browne, Trustees f/b/o The Browne-Munroe Family Trust^ Claimant v. Morgan Stanley Dean Witter, Inc., James Luke Patterson, Martin W. "Bud" PernoUV and William E. Smith, Respondents Case Number: 00-04712 Hearing Site: Los Angeles, California REPRESENTATION OF PARTIES For Claimant The Browne-Munroe Family Trust: For Respondents Morgan Sta

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of August C. & June Simons 90-00928 nf Butcher & Singer, Inc. Stuart M. Hamnerle Howard Butcher III Wheat First Securities For Claimants: Marc E. Levitt, Esq. of Eugene A. Specter & Associates, P.C. For ail Respondents: Michael N. Qnufrak, Esq. of White and Williams. Statement of Claim filed: March 30, 1990; Submission Agreemen

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Mary Tucker McCall Claimant(s) ARBITRATION VS. AWARD 90-00926 Bane One Securities, Inc. and Thomas J. Flood Respondent(s) NOTICE OF CASE SUMMARY Claimant(s) Mary Tucker McCall alleged that Respondent(s) Bane One Securities, Inc. and Thomas J. Flood misrepresented material facts as to Claimant's investment made through Respondents. Respondent(s)

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Gnniscreen, Inc. 90-00925 Name of london Zurich Securities Gary Alan Scharf f Stuart J. Thorn HxLs case was filed with the National Association of Securities Dealers, Inc. ("NASD") on March 29 , 1990. Claimant alleged that Respondents agreed to raise funds via "private placement" for Claimants' medical company. Claimant further

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between) Name of Clalmantfs) ) Joseph and Patricia Russo ) ) Case No. 90-00921 Name of Respondentfsl ) ) Prudential-Bache Securities Inc. ) G.K. Scott & Co., Inc. ) Heard before the members of the Arbitration Panel: Stephen A. LeClair, Esq. Leslie Bishop Harry Polansky CASE SOUAR? This claim was filed with the NASD, Inc., on March 29, 1

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between N. Malte Molin Margaret W. Molin vs. Shearson Lehman Hutton r Inc. Charles Cabrera Don Dalis Claimants ) AWARD ) NASD NO. 90-00920 Respondents SUMMARY OF ISSUES This case was filed with the National Association of Securit ies Dealers , Inc. {"NASD") on March 29, 1990. Claimant alleged the unauthorized purchase of Lord Abbett mutu

Arbitration N.A.S.D. AWARD NKTICKAL ASSOCIOTCN OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant/ si Frank A. and Marie A. Modesto 90-00914 Butcher & Conpany Wheat First Securities William Taylor National Assoctatton o* Socuritte* Doalora, Inc. NASD Financial Center 33 Whitehall Street New York, New York 10004 Ftar Clairantss Marc E. Levitt, Esq., of Eugene A. Spector & Associates, P.C- Itesp