Award NASD In the Matter of the Arbitration Between: Name of the Claimant Kovack Securities, Inc. Name of the Respondent Scott C. Boncaro Case Number: 02-04398 Hearing Site: Orlando, Florida REPRESENTATION OF PARTIES For Kovack Securities, Inc. ("Claimant")": Brian Kovack, Esq. with Claimant, Fort Lauderdale, Florida. Scott C. Boncaro ("Respondent") appeared pro se. CASE INFORMATION Statement of Claim filed on or about: July 26, 2002