Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Lorraine Gabriel (Claimant) v. David G. Frey, Somerset Financial Group, Inc., Nicholas Patrick Thompson, Douglas John Toth, Somerset Financial Partners, and VFinance Investments Inc. (Respondents) Case Number: 02-02309 Hearing Site: New York, New York Nature of the Dispute: Customer vs. Members, Non-Member and Associated Persons REPRESENTATION OF PARTIES Claimant Lorr

STIPULATED AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Claimant Robert M. Hamburger V. 02-02302 Denver, Colorado Respondents A.G. Edwards & Sons, Inc. Peter Bolhuis REPRESENTATION OF PARTIES Robert M. Hamburger ("Claimant") was pro se. A.G. Edwards & Sons, Inc. ("A.G. Edwards") and Peter Bolhuis ("Bolhuis") were represented by Michael Naccarato, Esq., of A.G. Edwards & Sons, Inc., St. Louis, Missouri. C

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Names of Claimants Kenneth Waldo and Lilly Waldo and 02-02300 Milwaukee, Wisconsin Names of Respondents Prentice Securities, Inc., Melvyn Eugene Panzer, Marlin G. Molinaro, Louis M. Kornman and Michael E. Tierney REPRESENTATION OF PARTIES Kenneth Waldo ("Mr. Waldo"), and Lilly Waldo ("Ms. Waldo") or ("Claimants") were represented by Peter Richardson, Esq., Mic

01/14/2003 11:56 FAX 6023875001 REGUS BUSINESS CENTRE B)002/0(>5 AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Michael Gizzi and 02-02299 Phoenix, Arizona Name of Respondents JB Oxford & Company Albert Laubenstein REPRESENTATION OF PARTIES Michael Gizzi ("Claimant") appeared pro se. JB Oxford & Company ("Respondent JB Oxford") and Albert Laubenstein ("Respondent Laubenstein") were represe

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Daniel Strasser and Charles R. Cooper (Claimants) v. James B. Rader and Financial Asset Management, Inc. (Respondents) Case Number: 02-02298 Hearing Site: Columbus, Ohio REPRESENTATION OF PARTIES Claimants Daniel Strasser ("Strasser") and Charles R. Cooper ("Cooper"), hereinafter collectively referred to as "Claimants": Paul Giorgianni, Esq., Thompson Mine LLP., Columbus, OH.

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Richard G. Fischer And Name of Respondents SunAmerica Securities, Inc. Dominion Investors Services, Inc. and Joel I Franklin NASD Arbitration Case No. 02-02297 Hearing Location: Dallas, Texas REPRESENTATION OF PARTIES Claimant, Richard G. Fischer ("Claimant") was represented by Bertrand C. Moser and Frank V. Ghiselli, Attorneys at Law, Houston

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimant James Gregory Jolley Name of the Respondent Merrill Lynch Pierce Fenner & Smith Inc. Case Number: 02-02295 Hearing Site: Louisville, Kentucky Nature of Dispute: Customer vs. Member Firm REPRESENTATION OF PARTIES Claimant, James Gregory Jolley ("Jolley") was represented by Michael A. Valenti, Esq., Valenti Hanley & Crooke, PLLC, Louisville, Kentuc

A1 NASD Dispute Resolution In the Matter of the Arbitration Between: Harvey N. and Carole R. Garrott Intervivos Trust, Harvey N. and Carole R. Garrott TTEES, and Harvey N. Garrett, Claimants v. FFP Securities, Inc. and J. Paul Escudero, Respondents Case Number: 02-02288 Hearing Site: San Diego, California REPRESENTATION OF PARTIES i h i For Claimants: Arthur S. Leider Investors Arbitration Specialists, Inc. San Diego, California For

Award NASD Dispute Resolution In the Matter of the Arbitration Between; Gary S. and Mica O. AUalouf, Claimants v. Harris Investorline, Inc., Michael L. Freeman, and Kim A. Torralva, Respondents Case Number: 02-02287 Hearing Site: Honolulu, Hawaii REPRESENTATION OF PARTIES For Claimants: John L. McDermott, Esq. Law Office of John L. McDermott Honolulu, Hawaii For Respondents: Stephen L. Young, Esq. Keesal Young & Logan Long Beach, Cal

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Barry B. Lewis IRA, Claimant v. Morgan Stanley DW, Inc. and Richard A. Stuck, Respondents Case Number: 02-02284 Hearing Site: San Francisco, California REPRESENTATION OF PARTIES For Claimant: Stephen H. Slabach, Esq. Law Offices of Stephen H. Slabach San Mateo, California For Respondents: Boyd C. Sleeth, Esq. Eric G. Wallis, Esq. Oakland, California CASE INFORMATION