Award NASD Dispute Resolution In the Matter of the Arbitration Between: The Estate of Michael W. Glancy, Claimant v. Merrill Lynch, Pierce, Fenner & Smith, Inc. and Sunhye Lee, Respondents Case Number 02-02710 Hearing Site: Portland, Oregon For Claimant: For Respondents: REPRESENTATION OF PARTIES Jay R. Chock, Esq. Dunn Carney Alien Higgins & Tongue, LLP Portland, Oregon Thomas C. Sand, Esq. Julie Bardacke Haddon, Esq. Miller

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimants William Abts, Wayne Rasmuss, Charles Poore, and John Trecek and 02-02707 Omaha, Nebraska Name of Respondent William R. Hough & Company Nature of the Dispute: Associated Persons vs. Member REPRESENTATION OF PARTIES William Abts, Wayne Rasmuss, Charles Poore, and John Trecek ("Claimants") were represented by Daniel J. Epstein, Esq., Cassem, Tierney, Ad

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 02-02702 Caryl K. Arckey, claimant vs. David William Beckwith, respondent. ATTORNEYS: Claimant appeared pro se, Naples, FL. For Respondent appeared in-house counsel from Morgan Stanley DW, Inc., Keith Guilfoyle, Esq., New York, NY. DATE FILED: May 9, 2002 CASE SUMMARY: Claimant alleged that respondent negligently failed to execute claimant's sell order. Claimant maintained that due to r

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Ameritrust Financial Group, Inc. and J.L. Llavina, Claimants v. Round Hill Securities, Inc., Bear, Stearns Securities Corp., Justin C. Jensen, Robert J. Holub, Thomas J. Sboto, Terry L. Emfinger and Robert S. Minka, Respondents Case Number: 02-02701 Hearing Site: Salt Lake City, Utah Nature of Dispute: Customer v. Member and Associated Persons REPRESENTATION OF PARTIE

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Ernest Knotts and Mona Knotts and Case Number: 02-02697 Hearing Site: Houston, Texas .s of Respondents; Merrill Lynch, Pierce, Fenner & Smith, Inc., and Brian Timken NATTHF. OF PTSPT7TE Customers vs. Member Firm and Associated Person Claimants, Ernest and Mona Knotts, hereinafter referred to as ("Claimants") were represented by Douglass D. Hearne, Esq.

Award NASD Dispute Resolution In the Matter of the Arbitration Between: McDonald Investments Inc. (Claimant) vs. George Sloan (Respondent) Case Number: 02-02689 Hearing Site: Boston, Massachusetts REPRESENTATION OF PARTIES Claimant, McDonald Investments Inc., hereinafter referred to as "Claimant": Matthew J. Morelli, Esq., Ulmer & Berne, Cleveland OH. Respondent, George Sloan hereinafter referred to as "Respondent": did not enter an appearance in th

Award NASD In the Matter of the Arbitration Between: Name of the Claimant John J. Hunter Name of the Respondent Morgan Stanley DW, Inc. Case Number: 02-02687 Hearing Site: Tampa, Florida REPRESENTATION OF PARTIES For John J. Hunter ("Claimant"): Robert Persante, Esq., Persante & McCormack, P.A., Clearwater, Florida. For Morgan Stanley DW, Inc. ("Respondent Morgan Stanley"): Allison Barry Doneghey, Esq. with Respondent Morgan Stanley, Sar

Award NASD DISPUTE RESOLUTION In the Matter of the Arbitration Between: Name of Claimant Case Number: 02-02685 Heather Ancona Names of Respondents * Hearing Site: Tampa, FL Dean Witter Reynolds, Inc. David C. Brown REPRESENTATION OF PARTIES For Heather Ancona, hereinafter referred to as "Claimant": William Klein, Esq., W.R. Klein, P.A., Sarasota, FL. For Respondent Dean Witter Reynolds, Inc. ("DWR") and Kenneth H. Kubik ("Kubik"): Lisa B. Do

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Barbara Plein a/k/a Barbara Plein-Gelman, Claimant v. Merrill Lynch, Pierce, Fenner & Smith Incorporated and John Geoffrey Grant, Respondents Case Number: 02-02680 Hearing Site: Los Angeles, California Nature of the Dispute: Customer v. Member and Associated Person REPRESENTATION OF PARTIES For Claimant: Douglas J. Rovens, Esq. Zelle Hermann Voelbel Mason & Gette

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 02-02672 Jack Smolen and Shirley Smolen, claimant vs. UBS PaineWebber Inc., and Charles Cox, respondents. ATTORNEYS: " For Claimants appeared Howard Smolen, Esq., Great Neck, NY. For Respondents appeared in-house counsel, Kenneth G. Crowley, Esq., New York, NY. DATE FILED: May 7, 2002 CASE SUMMARY: Claimants alleged that respondents made misrepresentations and omitted facts regarding in