Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Mojgan Fajiram, Mogen Monahemi, Jacob Monahiem, Sara Khakshouri, and Dr. Pourrat Monahemi (Claimants) v. Merrill Lynch, Pierce, Fenner & Smith, Inc. and Kuosen Fung (Respondents) Case Number: 02-03279 Hearing Site: New York, New York Nature of the Dispute: Customers v. Member and Associated Person. REPRESENTATION OF PARTIES Claimants Mojgan Fajiram ("Fajirani"), Mogen

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 02-03278 American Express Financial Advisors, claimant vs. Justen Michael Stepka, respondent. ATTORNEYS: For Claimant appeared Anthony Gericke, Minneapolis, MN. Respondent did not respond to the Statement of Claim. DATE FILED: June 4, 2002 CASE SUMMARY: Claimant alleged that respondent failed to repay the debit balance incurred on his account. Claim Data Award Data Claim: $6,021.30

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 02-03277 Roy Martin and Rhonda Martin, claimants vs. L.H. Ross & Company, Inc., respondent. ATTORNEYS: For Claimants appeared Joseph W. Caldwell, Esq., of the firm Caldwell & Riffee, Charleston, WV. For Respondent appeared Alan P. Fraade, Esq., of the firm Mintz & Fraade, New York, NY. DATE FILED: June 4, 2002 CASE SUMMARY: Claimants alleged that respondent sold shares of Pfizer, Inc., and

BEFORE THE NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. X In the Matter of the Arbitration Between NASD Case No. 00-02713 JANE H. BOCA; MICHAEL BOCA; SANDRA TOCCO; THE BOCA FAMILY LIMITED PARTNERSHIP; and MICHAEL BOCA TRUSTEE MICHAEL BOCA 1994 REVOCABLE TRUST, BENNIE FORD; LORETTE FORD; MONTE and DEBRA FORD Claimants, -against - CANTELLA & CO., INC., BRUCE PORTER; and GERALD PORTER, Respondents. STIPULATED AWARD -

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 02-03267 Sheila Kelly, claimant vs. Morgan Stanley Dean Witter, respondent. ATTORNEYS: Claimant appeared pro se, Brooklyn, NY. For Respondent appeared in-house counsel, Keith Guilfoyle, Esq., New York, NY. DATE FILED: June 4, 2002 CASE SUMMARY: Claimant alleged that respondent failed to timely transfer her accounts as requested. Claimant maintained that due to respondent's actions, the acco

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Lynne A. Layber and 02-03259 Milwaukee, Wisconsin Name of Respondent Merrill Lynch, Pierce, Fenner & Smith Nature of the Dispute: Customer vs. Member. REPRESENTATION OF PARTIES Lynne A. Layber ("Claimant") or ("Layber") was represented by Mark E. Sanders, Esq., of Hailing & Cayo, located in Milwaukee, Wisconsin. Merrill Lynch, Pierce, Fenner & Smi

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimant Pas^ Nmnher 02-03254 National Black Nurses Association, Inc. Names of the Respondents ff earing Site: Washington, D.C. Raymond, James & Associates, Inc. Sofia Khan McGuire Raymond James Financial Services, Inc. Names of the ThirH-Party Respondents Betty Smith Williams Linda Bumes Bolton Bettye Davis Lewis Hilda Richards Deidre Walton

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimant Raymond James & Associates, Inc. Name nf the Respondent Len R. Holliday Case Number: 02-03253 Rearing Site: Charlotte, North Carolina RFPRFSFNTATTON OF PAKTTP.S Claimant Raymond James & Associates, Inc., hereinafter referred to as "Claimant", was represented by Rick A. Buchwalter, Esq., Raymond James & Associates, Inc., St. Petersburg, Florida.

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Claimant Pase Number- 02-03250 Derrick H. Richardson n f th p respondents Hearing Site* Washington, D.C. Intersecurities, Inc. Western Reserve Life Assurance Company of Ohio AUSA Life Insurance Company, Inc. Diversified Investment Advisors AEGONUSA,Inc. OF PAPTTF.S Claimant, Derrick Richardson, was represented by Steve Larson- Jackson, Esq., Law Firm of

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Names of the Claimants Case Number: 02-03245 The Harry E. Hein Intervivos Trust and The Dorothy D. Hein Intervivos Trust, by and through their trustee, Dorothea D. Hein Names of the Respondents Hearing Site: Boca Raton, Florida Sean Monahan, an individual Morgan Stanley Dean Witter f/k/a Dean Witter Reynolds, Inc. Nature of the Dispute: Customer vs. Member and Ass