r STIPULATED AWARD AND ORDER OF EXPUNGEMENT NASD REGULATION, INC. In the Matter of the Arbitration Between BOBBY LUCE, Claimant v. PENNSYLVANIA MERCHANT GROUP, LTD. and TRAUTMAN KRAMER & COMPANY and MICHAEL BERNARD BEVILACQUA and CHAD AARON DUBIN, Respondents. Case No. 98-03829 For Claimant: For Respondents: Representation of Parties Brett Alcala, Esquire Birnbaum, Umeda & Alcala, LLP 733 Woodside Road, Suite 210 Redwood City, CA

Award NASD Regulation, Inc. In the Matter of the Arbitration Between: Richard D. Schoenberg, Claimant v. Rochdale Investment Management, Inc., James C. Audley, and E. Bradley Bruce, Respondents Case Number: 98-03820 Hearing Site: Los Angeles, California REPRESENTATION OF PARTIES For Claimant: For Respondents Rochdale Investment Management, Inc., James C. Audley, and E. Bradley Bruce: John Ohashi, Esq. Ohashi & Priver El Segundo,

DEC.15.1998 9:i9ftM ISftSD REGULflTION FL N0 . 315 p _ 21 NASD REGULATION, INC. AWARD NASD RRation, Inc., Office of Dispute Resolution In the MiHtsr of the Arbitration Between Name of Claimant Morgan Kcegan & Company, Inc. 98-03818 Names Q? Respondents Hugh Scott Anterson Sterne, Agee & Leach, Inc. REPRESENTATION For Claimant Shepherd D. Tate, Esq. of the !aw firm of Tare, Lazarini & BeaU, PLC, Memphis, Tennessee,

N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION, INC. CASE: 98-03801 Summit Discount Brokerage, claimant vs. David J. Ferren, respondent. ATTORNEYS: Claimant appeared through firm member Christopher T. Maurer, Bethlehem, PA. Respondent did not respond to the Claimant's Statement of Claim. DATE FILED: 10/13/98 CASE SUMMARY: Claimant alleged that on June 16, 1997, Respondent sold 1000 shares of Proctor & Gamble for $138

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between: Names of Claimants George Salemo and George and Jeffrey Salemo TLC vs. Case Number: 06-02568 Hearing Site: Dallas, Texas Name of Respondent E*Trade Securities, LLC NATURE OF THE DISPUTE Customers vs. Member REPRESENTATION OF PARTIES George Salemo ("G. Salemo") and George and Jeffrey Salemo TLC ("J. Salemo"), hereinafter collectively referred to as "Claimants,

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: William R. Clubine, John Clubine, Michael Brunet. Kirk Hochrcin, and HHo Scarponi, (Claimants) vs. Southwest Securities, Inc., Fox & Company Investments, Inc., James E. Moldermaker, and David Gwynn, (Respondents) Case Number: 98-03778 Hearing Site: Buffalo, New York REPRESENTATION OF PARTIES Claimants, William R. Clubine ("W. Clubine"). J« n n Clubine ('J. Clubine"J, M

Award NASD Regulation, Inc. In the Matter of the Arbitration Between: Gary Krauser, (Claimant) vs. Seafirst Investment Services, Inc. and B.A. Investment Services, Inc., (Respondents). Case Number: 98-03774 Hearing Site: Seattle, Washington. REPRESENTATION OF PARTIES Gary Krauser hereinafter referred to as "Claimant": H. Troy Romero, Esq., Vance, Romero & Montague, Bellevue, Washington. Seafirst Investment Services, Inc. and B.A. Investment Services

N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION. INC. CASE: 98-03770 Grant Hoshisaki, claimant vs. E*Trade Securities, Inc., respondent. ATTORNEYS: Claimant Grant Hoshisaki ("Claimant"), appeared Pro Se., Sunnyvale, California. For Respondent E*Trade Securities, Inc. ("Respondent"), Bob Salvadore, Compliance Analyst, E*Trade Securities, Inc., Palo Alto, California. DATE FILED: 10/12/1998 CASE SUMMARY: Claimant alleged

AWARD NASD Regulation, Inc. In the Matter of the Arbitration Between Name of Claimant NBC Capital Markets Group, Inc. 98-03766 Names of Respondents Dain Rauscher Incorporated H.T. Simonton REPRESENTATION For Claimant NBC Capital Markets Group, Inc. ("NBCCMG"): Christopher G. Lazarini, Esq. of Tate, Lazarini & Beall, PLC of Memphis, TN. For Respondents Dain Rauscher, Inc. ("Dain") and H.T. Simonton ("Simonton"): Christopher J, Barber,

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Robert L. Clark, Claimant v. National Securities Corporation, The Boston Group, L.P., Robert DiMinico, and Edwin Quinones, Respondents Case Number: 98-03754 Hearing Site: Los Angeles, California REPRESENTATION OF PARTIES For Claimant Robert L. Clark: For Respondents The Boston Group, L.P and Robert DiMinico: ^ "' For Respondent Edwin Quinones: Kenneth J. Catanz