AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimants W. Eddie and Rita C. Raymer, tenants in common; W. Eddie Raymer, IRA and Rita C. Raymer, IRA (W. Eddie Raymer and Rita C. Raymer) and 02-03324 Louisville, Kentucky Name of Respondents Merrill Lynch Pierce Fenner & Smith Inc. Carol L. Heil Keith A. Myers Nature of the Dispute: Customer vs. Member and Associated Person REPRESENTATION OF PARTIES

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Amado Lopez and Maria T. Lopez, (Claimants) vs. Lehman Brothers Inc. and Mariano Robles, (Respondents) Case Number: 00-00304 Hearing Site: New York, New York REPRESENTATION OF PARTIES Claimants, Amado Lopez and Maria T. Lopez, hereinafter collectively referred to as "Claimants": Fred Van Remortel, Esq., Conway & Conway, New York, NY. Respondents, Lehman Brothers Inc. ("Leh

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Claimants Stephen and Gaynelle Tellman v. 02-03323 Denver, Colorado Respondents Morgan Stanley Dean Witter, Inc. and John G. Widmer Nature of Dispute: Customer v. Member and Associated Person REPRESENTATION OF PARTIES Stephen and Gaynelle Tellman ("Claimants") were represented by Brian Q. Carmichael, Esq., of Locke, Liddle, & Sapp LLP, Houston, Texas. Morgan Stanl

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Russell Piccoli and 02-03321 Phoenix, Arizona Name of Respondents A.G. Edwards & Sons, Inc. Daniel L. Christy, m Nature of the Dispute: Customer vs. Member and Associated Person. REPRESENTATION OF PARTIES Russell Piccoli ("Claimant") was represented by Otto K. Hilbert, H, Esq., Robinson Waters & OTDorisio, P.C., Denver, Colorado. A.G. Edwards

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Names of Claimants P.E.M. Tooling, Inc. Employees' Pension Plan, Acting Through Its Co-Trustees, Peter Jones and Margaret Jones, and P.E.M. Tooling, Inc. and Case Number: 02-03320 Hearing Site: Houston, Texas Names of Respondents Morgan Stanley DW, Inc., Roger D. Bourland and Ronnie L. Houston NATURE OF DISPUTE Customers v. Member Firm and Associated Person

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimant Case Number: 02-03315 Morgan Stanley DW, Inc. Name of the Respondent Hearing Site: Orlando, Florida Brett Brenner REPRESENTATION OF PARTIES For Morgan Stanley DW, Inc., referred to as "Claimant MSDW": Thomas A. Volz, Esq. and Diane C. Fischer, Esq., Kane & Fischer, Ltd., Chicago, Illinois. Brett Brenner, referred to as "Respondent", appeared p

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Names of the Claimants Case Number: 02-03313 Dr. Walter Avdaloff and Tamara Avdaloff Names of the Respondents Hearing Site: Boca Raton, Florida Merrill Lynch and Sebastian Undurraga Nature of Dispute: Customer vs. Member and Associated Person. REPRESENTATION OF PARTIES For Dr. Walter Avdaloff and Tamara Avdaloff, hereinafter collectively referred to as "Cl

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimant Maurice Sykes Name of the Respondents Salomon Smith Barney, Inc., n/k/a Citigroup Global Markets, Inc., and Michael Christmas Case_Number: 02-03306 Hearing Site: Chicago, Illinois NATURE OF THE DISPUTE Customer v. Member Firm and Associated Person REPRESENTATION OF PARTIES Gregory Friedman, Esq., and John Feigen, Esq., of the firm Friedma

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Greg Thomas O'Brien and Tamma C. O'Brien (Claimants) vs. Merrill Lynch, Pierce, Fenner & Smith Inc., Kevin J. Donovan and Virginia Syer Genereux ( Respondents) Case Number: 02- 03304 Hearing Site: New York, New York Nature of the Dispute: Customer vs. Member and Associated Persons. REPRESENTATION OF PARTIES Claimants Greg Thomas O'Brien ("G. O'Brien") and Tamma C. O'Brien ("T. O'Bri

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Carlo and Kathleen Sabetti, (Claimants) vs. Kimberly Securities, Inc., Kimberly Jean Misaraca, Shane Anderson Chambers, Howard Braff and Dorothy Carrella (Respondents) Case Number: 02-03303 Hearing Site: Boston, Massachusetts REPRESENTATION OF PARTIES Claimants, Carlo & Kathleen Sabetti, hereinafter collectively referred to as "Claimants": Joan A. Markey, Esq., New York, NY. Res