Stipulated Award NASD Dispute Resolution In the Matter ot the Arbitration between: Name of the Claimant Case Number: 03-01427 Clark D. Richey Names of the Respondents Hearing Site: Boca Raton, Florida Sterling Financial Investment Group, Inc. Gregory Roth Nature of the Dispute: Customer vs. Member and Associated Person. REPRESENTATION OF PARTIES For Clark D. Richey ("Richey"), hereinafter referred to as "Claimant": Richard H. Levenstein, Esq

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimant Lotha Kilgore, individually and on behalf of his commercial money market account Names of the Respondents Merrill Lynch, Pierce, Fenner & Smith, Inc. John Niedergeses Case Number: 03-01425 Hearing Site: Atlanta, Georgia Nature of the Dispute: Customer vs. Member and Associated Person. REPRESENTATION OF PARTIES For Lotha Kilgore, indiv

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimants Robert Craig and Christine A. Hamilton and 03-01420 Phoenix, Arizona Name of Respondents Morgan Stanley DW Inc. Nature of the Dispute: Customers vs. Member. REPRESENTATION OF PARTIES Robert Craig and Christine A. Hamilton ("Claimant") was represented by Rosemary J. Shockman, Esq., Shockman Law Office, Scottsdale, Arizona. Morgan Stanley DW Inc. (

Award NASD Dispute Resolution In the Matter of the Arbitration Between: F. Philip Kessler, Jr., d/b/a P.P. Kessler, Jr. & Associates and New England Securities Corporation (Claimants) vs. Garry R.M. Payne (Respondent) Case Number: 03-01413 Hearing Site: Buffalo, New York Nature of the Dispute: Associated Person and Member vs. Associated Person. REPRESENTATION OF PARTIES Claimants F. Philip Kessler, Jr., d/b/a F.P. Kessler, Jr. & Associates ("Kessler") a

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: rinimftiitg fW Niimher- 03-01404 Michael R. Deutschman , Michael R. Deutschman IRA Lynn S. Deutschnian, Lynn S. Deutschman IRA Lynn S. Deutschman, cust. for Emily Deutschman, UGMA Lynn S. Deutschman, cust. for Christopher Deutschman, UGMA Max Basen Irrevocable Trust f.b.o. Barry H. Deutschman Max Basen Irrevocable Trust £b.o. Michael Deutschman Arthur Wasserraan

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: First Union Securities, Inc. f/k/a Everen Securities, Inc. and Bradley E. Wheeler, Claimants v. U.S. Bancorp Piper Jaffray, Inc., Respondent Case Number: 00-04461 Hearing Site: Seattle, WA REPRESENTATION OF PARTIES For Claimants: Christopher B. Wells, Esq. Lane Powell Spears Lubersky, LLP Seattle, WA For Respondent: Steven Phillips, Esq. Fruth & Anthony 3750 ID

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Ronald D. Smith, Claimant v. Salomon Smith Barney, Inc. nka Citigroup Global Markets, Inc., and Philip J. Cunningham, Respondents Case Number: 03-01399 Hearing Site: San Francisco, California Nature of the Dispute: Customer v. Member and Associated Person REPRESENTATION OF PARTIES For Claimant: For Respondents: Mitchell S. Ostwald, Esq. The Law Offices of

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimant Case Number: 03-01398 Joshua D. Wilson Names of the Respondents Hearing Site: Orlando, FL Morgan Keegan & Company, Inc. Christopher A. Booze Nature of the Dispute: Customer vs. Member and Associated Person. REPRESENTATION OF PARTIES For Joshua D. Wilson, hereinafter referred to as "Claimant": Kenneth P. Hazouri, Esq., de Beaubien, Knight, Simmons, Ma

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Edward I. Gersh, individually and as Trustee of the Edward I. Gersh Rev. Trust, and Hollise B. Gersh (Claimants) vs. Anthony B. Javarone, Greg Torretta, and Salomon Smith Barney, Inc. n/k/a Citigroup Global Markets, Inc. (Respondents) Case Number: 03-01396 Hearing Site: New York, New York Nature of the Dispute: Customers vs. Associated Persons and Member REPRESENTATION OF PARTIES

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Names of the Claimants Peter and Patricia Leonetti Revocable Living Trust, Patricia M, Leonetti, IRA Peter A. Leonetti (variable annuity) and Peter and Patricia Leonetti Revocable Living Trust, IRA Names of the Respondents InterSecurities, Inc. and Garyn I. Angel Case Number: 03-01394 Hearing Site: Tampa, Florida Nature of the Dispute: Customer