NASD AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between Name of Claimant Fidelia W. Alexander, DVM and Case Number 95-00560 Names of Respondents PaineWebber, Incorporated, John Paul Godchaux and Robert Emmett Kennedy CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. ("NASD") on or about January 30,1995 and amendment submitted on or about November 13, 1995,

NASD AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between Name of Claimant Jack J. Grynberg and 95-00559 Name of Respondent A.S. Goldmen & Co., Inc. REPRESENTATION OF PARTIES Jack J. Grynberg ("Claimant") was represented by Neil E. Ayervais, Esq., Lohf, Shaiman & Jacobs, P.C., Denver, Colorado. A.S. Goldmen & Co., Inc. ("Respondent") was represented by Robert J. Hausen, Esq., Chadbourne & Parke,

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Ramin Pourteymour, Claimant v. Merrill Lynch, Pierce, Fenner & Smith, Inc., Respondent Case Number: 00-03831 Hearing Site: San Diego, California REPRESENTATION OF PARTIES For Claimant: James R. Baliard, Esq. Schwartz Semerdjian & Haile, LLP San Diego, California For Respondent: Thomas L. Taylor, III, Esq. Marcela L. Cuadrado, Esq. Morgan, Lewis & Bockius Los Angeles,

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS. INC. In the matter of the Arbitration Between Name of Claimant Inez McBride NASD Arbitration No.95-00558 Name of Respondent Associated Securities Corp. Robert Scott Securities Russell Young REPRESENTATION For Claimant: Eileen L McGeever, Esq., Rushall & McGeever, Carlsbad, California For Respondent Associated Securities Corp.: David Markun, Esq., Zelle & Larson, San Franc

NASD Arbitration No. 95-00557 M.A.S.P. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the matter of the Arbitration Between Name of Claimant(si Willis and Mary Short Name of Respondent fs) Kemper Securities, Inc. Kemper Securities Group, Inc. Bateman Eichler, Hill Richards Division William L. Notrica REPRESENTATION For Claimants: Scott L. Metzger, Esq. and Leslie S. Akins, Esq., Duckor & Spradling, San Diego, Californi

NASD AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. in the Matter of the Arbitration Between Name of Claimant Kemper Securities, Inc. and 95-00555 Name of Respondent Robert F, Krause REPRESENTATION OF PARTIES Kemper Securities, Inc. ("Claimant") was represented by Renan I. Sugarman, Esq., Kemper Securities, Inc., Chicago, Illinois. Robert F. Krause ("Respondent") did not appear at the hearing. CASE INFORMATION The Statement o

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant^ R.A. Blass, P.H- Lawrence & M.P, Podber 95-00553 Name of Respondent^) Josephthal Lyon & Ross Inc. REPRESENTATION The Claimants appeared pro se. For Respondent Josephthal Lyon & Ross, Inc.: Robert E. Murphy, Esq., in-house counsel at Josephlhal Lyon & Ross, Inc. CASE INFORMATION Statement of Claim filed: February 2, 199

N-A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS. INC. In the matter of the Arbitration Between Name of Claimant(s) David Michan Cheren, Trustee Trust No. 1987-1, Dated April 9, 1987 NASD Arbitration No. 95-00549 Name of Respondentfsl Olde Discount Corporation Thomas Kelly REPRESENTATION For Claimant: Dennis J. Wickham, Esq., Seltzer Caplan Wilkins & McMahon, San Diego, California For Respondents: David T. Doyle, Esq., O

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimantfs) Jong Kung Su 95-00548 Name of Respondent(s) Investors Associates Inc. Nick Hua REPRESENTATION The Claimant, Jong Kung Su ("Claimant"), appeared Pro Se. For Respondent, Investors Associates, Inc. ("Investors"), Lawrence R. Gelber, Esq. of the firm Beigel Schy Lasky Rifkind Goldberg Fertik & Gelber, located in New York, N.

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Donald R. Sutherland 95-00546 Name of Respondents Paul Johnson Thomas James Associates, Inc. CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on January 30, 1995, Claimant Donald R. Sutherland ("Sutherland"), who appeared Pro Se, alleged that Respondent Paul Johnson ("Johnson") while e