N.A.S.D. i^WARD NftnCNRL ASSOCIATICN OF SECORITIES tfSNJEBS In the Matter of the Arbitration Betv^een Name of Cl«iTw>Tii-|.-!\ waddell & Reed, Inc. 90-01881 Jatnes A* Ryan p^- ^ CO In a claim filed with the National Association of Securities Balers Inc. C'NASP") on or atout July 5, lyyu, Ciaimant wac3d©ll h Feed, inc. ("wacfclell k Raed'*) allegGd that Respcndent Jams A. Ryan ("Ri^") engaged in a schene to enhance his managerial canpensation by

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between Fred Parkinson Claimant vs . Merrill Lynch, Pierce, Fenner & Smith, Inc. Respondent CASE #90-01873 AWARD CASE SUMMARY Fred Parkinson, in a claim filed with the National Association of Securities Dealers, Inc. on July 2, 1990, alleged that Respondent made an improper transfer of an IRA account, held at Michigan National Bank, before the CD maturity

O^OGO NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between Bekhor Securities Corporation, d/b/a First Affiliated Securities, Inc. Rogers & Woolsey John J. Kenny Claimants vs . Cantor Fitzgerald, Inc. Cantor Fitzgerald & Co., Inc. Cantor Fitzgerald Securities Corp. Respondents AWARD NASD #90-01730 REPRESENTATION Claimants were represented by Frank Susman, Esq., and Mark H. Kruger, Esq

N.A.S.D. AWARD NATIONAL ASSOCIATICN OF SECURITIES DEALERS In the ixfetlier of the Arbitration Between Name of rlainv|n1-|g\ Kenneth A. Merena^ Name of Rpsnnnricml-^«| Shearson Lelman Button^ Inc. 90-01635 Claimant was represented by Dennis K. Perm, Esq. Respondent \Nas represented by Patrick Jones, Esq, fin This matter was initiated by a Statanent of Claim filed -.virh the National Association of Securities Dealers, Inc. ("NASD

NASD. ANRRD NKnOffiL ASSOCimCN OF SECURITIES DERLERS In the Matter of the Arbitration Betweai ll^nB_af G2J^^» Dean Witter Rsynolds, Ih:. and 90-01595 Connie Nidhaus For Claimant: J. Eugene Clements, Esq. of Porter & Clarents, Houston, For Re^xandent Ronald R. Niehaus of Cage, Mil & Niehaus, Houston, TX Statement of Claim filed: June 6, 1990. Claimant's Suhnission Agreement signed on: June 4, 1990 by Shan J. Levitan. Statarent of Ansvrer fil

N.A.S.D. AWARD NATICNAL ASSOCIAnON OF SECURITIES DEALERS In the ixfetter of the Arbitration Betweeii Stephanie BrokcMsky vs. 90-01531 Nam ftf RBHHtian^(al Batanan Eichler, Hill Richards, Inc. For Claimant: Cliff Palefsky, Esq. and Keh Ehonan, Esq. of McGuinn, Hillsraan & Palefsky, 535 Pacific Avenue, San Francisco, California 94133 For Respondent: Paul J. Coady, Esq. and S. Shane Sagheb of Kindel (t Anderson, P.C, 555 South Flower Street, 29th

NASD REGULATION, INC. AWARD In the Matter of Arbitration Between Stephen Fletcher and Juliana Fletcher, Claimants,. and Case No. 98-00589 Merrill Lynch, Pierce, Fenner. & Smith, Inc., Dean Witter Reynolds, Inc. and Penne Stafford, Respondents. REPRESENTATION OF PARTIES Stephen Fletcher and Juliana Fletcher (hereafter collectively referred to as "Claimants") were represented by Richard Flowers, Jr., Esquire of McEvily & Flowers, located i

NASD. AltARD NATICNAL ASSOCIATICN OF SECDRITIES DEALERS In tbe Matter of the Arbitratioa Betwaen NiamB of CTIalmmt (s) 90-01526 Mame of Respnodent (s) SSSS^SSer^^ScT" For daJjoant: Michael P. Ring, Esq. Fbr Reqpopdent; Jbfan R. Loftus, Esq., of Keesal, Young & Logan Stateamt of daim filed: May 29, 1990 dainant's Sufcmissloa Agreemsat signed ca: Hsy 14, 1990 Statanent of Answer filed by Respcodefit cn: October 18, 1990 Ba^pcodent's Subodssi

N.A.S.D. AWARD NATIGNAL ASSOCimGN CP SECURITIES DEALERS In the Matter of the Arbitration Betwe^ taBB.of aauwint(9) Roswita Pellowsld., individually and as Custodian far Olivia M. Foster \\0Mo Carloe Benhamu Case No. 90-01478 Heard before the arbitrator: Robert Wayne Pearce, Esq. Public iMs claim »os initmted ty a Statement of Claim filed with the National Association of SecLxiies Dealers^ Inc. ("NASD") cn May 24, 1990. Claimant, Ro

'Hi 005^ N.A.S.D. imSD NKTIONAL ASSOCIATION CF SECURITIES DEALERS ' in the Ts/felfer of the Arbitration Betvre^ BLUMT ELLIS & LOEWI, INC. Claimant and 90-01400 WILLIAM ROSS Respondent Claimant was represented by John G. Shannon, Esq. of O'Neill, SchinraBl, Quixk & Carroll, S C. , Milwaukee, Wisconsin. Respondent was represented by Brian C. Cahill, Esq. of Kravit, LaimtLinan & DeBruin, Milwaukee, Wisconsin. In a Statement of Claim filed wit