NATIONAL ASSOCIATION CT SECURITIES DEALERS, INC. N THE MATTER OF THE ARBITRATION BETWEEN Perry Kotzker Stephen Kaufman : Case #88-00906 Claimants ,88-01454 (consol idated) vs. AWARD Gladstone Securities, Inc. Mizabeth Bamberg and Barton Bereck Responden/5 CASE sjmm Claimants Perry Kotzker and Stephen B. Kaufman alleged that Respondent Elizabeth Bamberg, a partner of Respondent Gladstone Securities, Inc., purchased 500 shares of United

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between ) DONALD GRENDAHL, MARK GRENDAHL, 1 THOMAS LEMORANDE, CON YAGODZINSKI, aYDE TRUDEAU, RAY FORMANEK, VIRGINIA RIUTTA, RUSSELL AND FLORENCE GRENDAHL, BETTY HANSON, PHILLIP AND DEBRA GRENDAHL. SANDI GOETZE, KEITH OLSON Claimants and CONSaiDATED CASE NOS. 90-00495, 90r0fi&72. 90-00673, 90-00674, JJOZHH!] 88-02472, 88-02473, 88-02469, 88-02475,

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between ) DONALD GRENDAHL, MARK GRENDAHL, 1 THOMAS LEMORANDE, CON YAGODZINSKI, aYDE TRUDEAU, RAY FORMANEK, VIRGINIA RIUTTA, RUSSELL AND FLORENCE GRENDAHL, BETTY HANSON, PHILLIP AND DEBRA GRENDAHL. SANDI GOETZE, KEITH OLSON Claimants and CONSaiDATED CASE NOS. 90-00495, 90r0fi&72. 90-00673, 90-00674, JJOZHH!] 88-02472, 88-02473, 88-02469, 88-02475,

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between ) DONALD GRENDAHL, MARK GRENDAHL, 1 THOMAS LEMORANDE, CON YAGODZINSKI, aYDE TRUDEAU, RAY FORMANEK, VIRGINIA RIUTTA, RUSSELL AND FLORENCE GRENDAHL, BETTY HANSON, PHILLIP AND DEBRA GRENDAHL. SANDI GOETZE, KEITH OLSON Claimants and CONSaiDATED CASE NOS. 90-00495, 90r0fi&72. 90-00673, 90-00674, JJOZHH!] 88-02472, 88-02473, 88-02469, 88-02475,

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between ) DONALD GRENDAHL, MARK GRENDAHL, 1 THOMAS LEMORANDE, CON YAGODZINSKI, aYDE TRUDEAU, RAY FORMANEK, VIRGINIA RIUTTA, RUSSELL AND FLORENCE GRENDAHL, BETTY HANSON, PHILLIP AND DEBRA GRENDAHL. SANDI GOETZE, KEITH OLSON Claimants and CONSaiDATED CASE NOS. 90-00495, 90r0fi&72. 90-00673, 90-00674, JJOZHH!] 88-02472, 88-02473, 88-02469, 88-02475,

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between ) DONALD GRENDAHL, MARK GRENDAHL, 1 THOMAS LEMORANDE, CON YAGODZINSKI, aYDE TRUDEAU, RAY FORMANEK, VIRGINIA RIUTTA, RUSSELL AND FLORENCE GRENDAHL, BETTY HANSON, PHILLIP AND DEBRA GRENDAHL. SANDI GOETZE, KEITH OLSON Claimants and CONSaiDATED CASE NOS. 90-00495, 90r0fi&72. 90-00673, 90-00674, JJOZHH!] 88-02472, 88-02473, 88-02469, 88-02475,

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between ) DONALD GRENDAHL, MARK GRENDAHL, 1 THOMAS LEMORANDE, CON YAGODZINSKI, aYDE TRUDEAU, RAY FORMANEK, VIRGINIA RIUTTA, RUSSELL AND FLORENCE GRENDAHL, BETTY HANSON, PHILLIP AND DEBRA GRENDAHL SANDI GOETZE, KEITH OLSON Claimants and CONSaiDATED CASE NOS. 90-00495, 90r0fi&72. 90-00673, 90-00674, JJOZHH!] 88-02472, 88-02473, 88-02469, 88-02475, 8

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between ) DONALD GRENDAHL, MARK GRENDAHL, 1 THOMAS LEMORANDE, CON YAGODZINSKI, aYDE TRUDEAU, RAY FORMANEK, VIRGINIA RIUTTA, RUSSELL AND FLORENCE GRENDAHL, BETTY HANSON, PHILLIP AND DEBRA GRENDAHL SANDI GOETZE, KEITH OLSON Claimants and CONSaiDATED CASE NOS. 90-00495, 90r0fi&72. 90-00673, 90-00674, JJOZHH!] 88-02472, 88-02473, 88-02469, 88-02475, 8

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between ) DONALD GRENDAHL, MARK GRENDAHL, 1 THOMAS LEMORANDE, CON YAGODZINSKI, aVDE TRUDEAU, RAY FORMANEK, VIRGINIA RIUTTA, RUSSELL AND FLORENCE GRENDAHL, BETTY HANSON, PHILLIP AND DEBRA GRENDAHL SANDI GOETZE, KEITH OLSON Claimants and CONSaiDATED CASE NOS. 90-00495, 90r0fi&72. 90-00673, 90-00674, JJOZHH!] 88-02472, 88-02473, 88-02469, 88-02475, 8

NASD REGULATION, INC. AWARD In the Matter of the Arbitration Between Name of Claimant Carolyn Williams and . Case Number 98-00606 Names of Respondents Prudential Securities, Inc. and Paul R. "Duke" Soule REPRESENTATION OF PARTIES Carolyn Williams (hereafter referred to as "Claimant") was represented by Clark Phipps, Esq. of Atkinson, Haskins, Nellis, Boudreaux, Holeman, Phipps & Brittingham, located in Tulsa, Oklahoma. Prudential Securit