AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Claimant Samuel Posner v. Respondents Raymond James & Associates, Inc. & Associates, Inc. James M. Buehler 00-04373 Southfield, Michigan Counterclaimant James M. Buehler v. Counter-Respondent Samuel Posner Third-Party Claimant James M. Buehler v. Third-Party Respondent Augusta Shanker REPRESENTATION OF PARTIES Claimant/Counter-R

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Stanley Grant HI, Claimant v. UBS Financial Services Inc. (f/k/a UBS PaineWebber Inc.), Respondent Case Number: 03-00703 Hearing Site: Seattle, Washington Nature of the Dispute: Customer v. Member REPRESENTATION OF PARTIES For Claimant: For Respondent: Lawrence L. Klayman, Esq. Steven D. Toskes, Esq. Klayman & Toskes, P.A. Boca Raton, Florida ShontE. Mill

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Margaret Tackbary, individually and Rosemary Spahn, individually, and Margaret Tackbary and Rosemary Spahn as Trustees of theWilliam I. Tackbary Trust U/A 3/30/90 (Claimants) vs. Cantella & Co., Ilicob Sales Corp. and Peter Aleksandrowicz (Respondents) Case Number: 03-00695 Hearing Site: Buffalo, New York Nature of the Dispute: Customers vs. Members and Associated Person REPRESENTAT

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 03-00694 Joann Perry, Claimant vs. SG Cowen Securities Corporation and John Laney, Respondents. ATTORNEYS: Claimant, Joann Perry, appeared pro se., Alexandria, VA. For Respondent, SG Cowen Securities Corporation appeared in-house counsel, Steven P. Heineman, Esq., New York, NY. Respondent, John Laney appeared pro. se., Chicago, IL. DATE FILED: January 29, 2003. CASE SUMMARY: Claimant al

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Names of the Claimants Marc Cinello and Daniele M. Legoff, individually and as trustee for Dominique Legoff Names of the Respondents Morgan Stanley DW, Inc. Caroline T. Mellema Case Number: 03-00692 Hearing Site: Boca Raton, Florida Nature of the Dispute: Customer vs. Member and Associated Person. REPRESENTATION OF PARTIES For Marc Cinello and Daniele

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimant Gayle A. Fernandez Names of the Respondents Robert W. Baird & Co. Incorporated Hibernia Investments, Inc. Case Number: 03-00690 Hearing Site: New Orleans, Louisiana Nature of the Dispute: Customer vs. Member. REPRESENTATION OF PARTIES For Gayle A. Fernandez, hereinafter referred to as "Claimant": L. Jerome Stanley, Esq., Law Office of L. Jero

Award NASD DISPUTE RESOLUTION In the Matter of the Arbitration Between: Name of Claimant Case Number: 03-00686 Samuel J. Luchsinger Names of Respondents Hearing Site: Tampa, FL American Express Financial Advisors, Inc. Michael Williams Nature of Dispute: Customer vs. Member and Associated Person. REPRESENTATION OF PARTIES Samuel J. Luchsinger, hereinafter referred to as "Claimant", appeared pro se. For Respondents American Express Financial

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimant Kaye Berzon Names of the Respondents Merrill Lynch, Pierce, Fenner & Smith, Inc, Glen Mahnken Case Number: 03-00684 Hearing Site: Boca Raton, Florida Nature of the Dispute: Customer vs. Member and Associated Person. REPRESENTATION OF PARTIES For Kaye Berzon, hereinafter referred to as "Claimant": Mark D. Gilwit, Esq., Gilwit & Associat

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 03-00669 Clark Family Trust, claimant vs. Berthel Fisher & Co. Financial Services and Thomas V. Kozlowski, respondents. ATTORNEYS: Claimant appeared pro se through Harriet Clark, Trustee, Hazen, ND. For Respondents appeared Vincent D. Louwagie, Esq., of the firm Anthony Ostlund & Baer, P.A., Minneapolis, MN. DATE FILED: January 24, 2003 CASE SUMMARY: Claimant alleged that respondents pl

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Ruth Bennison Bothweil and Stephen F. Bothwell, Co-Trustees of the Ruth Bennison Bothwell Inter Vivos Trust, Claimants v. Prudential Securities, Inc. nka Prudential Equity Group, LLC, Mark A. Tabit, and Donald T. Ballard, Respondents Case Number: 03-00664 Hearing Site: Los Angeles, California Nature of the Dispute: Customers v. Member and Associated Persons REPRESENTATION OF PARTIES