Award NASD In the Matter of the Arbitration Between: Christe Arvanitis, Claimant v. First Union Brokerage Services, Inc., Respondent Case Number: 02-01681 Hearing Site: Boca Raton, Florida REPRESENTATION OF PARTIES For Christe Arvanitis, hereinafter referred to as "Claimant": Matias R. Dorta, Esq., Tew Cardenas Rebak Kellogg Lehman DeMaria Tague Raymond & Levine, LLP, Miami, FL. For First Union Brokerage Services, Inc., hereinafter referred to as "Respo

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Cecilia Bookman (Claimant) v. Morgan Stanley Dean Witter, Inc. and Greg Welz (Respondent) Case Number: 02-01678 Hearing Site: New York, New York Nature of the Dispute: Customer vs. Member and Associated Person REPRESENTATION OF PARTIES Claimant Cecilia Bookman ("Bookman") hereinafter referred to as "Claimant": Madelyn Spatt Shulman, Esq., Madelyn Spatt Shulman, P.C., Jericho, NY

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Michael J. O'Connor, Claimant v. Merrill Lynch Pierce Fenner & Smith, Inc., Daniel Pantucci, C.E, Unterberg, Towbin, Respondents Case Number: 00-02631 Hearing Site: Los Angeles, California REPRESENTATION OF PARTIES For Claimant: Michael J. O'Connor In Pro Per Silverado, California For Respondents Merrill Lynch Pierce Fenner & Smith, Inc. and Daniel Pantucci: Jay D.

Award NASD Dispute Resolution In the Matter of the Consolidated Case entitled "Jacobs Consolidated Case": Consolidated Case Number: 02-01675 George A. Jacobs, Claimant v. A.G. Edwards & Sons, Inc., Respondent A.G. Edwards & Sons, Inc., Third-Party Claimant v. Wendy Feldman Punier, Third Party Respondent Case Number: 02-01675 Nature of Claims: Customer v. Member Member v. Associated Person George A. Jacobs, Claimant v. Morgan Stanley DW Inc., Bog

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant(s) UBS PaineWebber, Inc. and 02-01672 Dallas, Texas Name of Respondents) Raymond James & Associates, Inc. William E. Riley, Jr. REPRESENTATION OF PARTIES UBS PaineWebber, Inc. ("PaineWebber") was represented by Lee H. Zell,Esq., of Blach &Bingham LLP, Dallas, Texas Raymond James & Associates, Inc. ("Raymond James") and William E. Riley, Jr. ("Rile

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 02-01668 UBS PaineWebber Inc., Claimant vs. David Mahanna, Respondent. ATTORNEYS: For Claimant appeared Romaino L. Gardner, Esq., Staten Island, NY. For Respondent appeared Irwin M. Roitman, P.C., St. Louis, MO. DATE FILED: March 20, 2002 CASE SUMMARY: Claimant alleged that Respondent was unjustly enriched when Claimant erroneously redeemed bonds at a higher par than it had been previously

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Lori Flanagan (Claimant) vs. Westrock Advisors, Inc., Sandgrain Securities, Inc. and Facundo Rodrigo " Franklin" Ponce (Respondents) Case Number: 02-01666 Hearing Site: New York, New York REPRESENTATION OF PARTIES Claimant, Lori Flanagan ("Flanagan"), hereinafter referred to as "Claimant": Mitchell Cohen, Esq., Wechesler Bursky & Cohen, LLP. New York, NY. Respondents, Sandgrain

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimants Elliott J.Alpher, DOS Rosa Lee Alpher Case Number- 02-01664 (Master Case) Name nf the Respondents Prudential Securities, Inc. David Herman Marx Hearing Site: Washington, DC In the Matter of the Arbitration Between: Name of the Claimants Elliott J. Alpher, DDS.P.C.P/S Retirement Fund Joan Meyer Case Number- 02-01665 (Subordina

Award NASD Dispute Resolution In the Matter of the Arbitration Between; " 02-01659 ' Dallas, Texas William L. Anton; and, Davona Anton Ferris, Baker Watts, Inc.; Charles Wayne Holton; and, Charles Jessie Hull Customer v. Member and Associated Persons Claimants William L. Anton ("W. Anton") and Davona Anton ("D. Anton"), hereinafter collectively referred to as "Claimants"; David B. Dyer, Esq. of the firm of Secore & Waller, L.L.P. loc

AWARD NASD DISPUTE RESOLUTION In the Matter of the Arbitration Between: Fifth Third Bank, Successor Trustee Case Number: 02-01658 (Claimant) S.G. Cowen Securities Corporation Hearing Site: Cincinnati, Ohio Nicholas G. Michael (Respondents) REPRESENTATION OF PARTIES Claimant, Fifth Third Bank, Successor Trustee, hereinafter referred to as "Claimant": Stephen L. Black, Esq., Graydon Head & Ritchey, LLP, Cincinnati, OH. Respondents, S.G. Cowen