Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: MICHAEL A. BARBER and CHRISTINE M. BARBER, -against- Case Number: 02-01375 DANA DEWITT SCOTT, FIRST ALLIED Hearing Site: Buffalo, NY SECURITIES, INC., MICHAEL KRANITZ and KRANITZ SCOTT & ASSOCIATES, INC., REPRESENTATION OF PARTIES Claimants, MICHAEL A. BARBER and CHRISTINE M. BARBER, hereinafter collectively referred to as the "Claimants": Paul K. Stecker, Phi

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Barbara Van Sack vs. Merrill Lynch, Pierce, Fermer & Smith, Inc., and Robert A. Vogel, Sr. Case Number: 02-01374 . Hearing Site: New York, New York REPRESENTATION OF PARTIES Claimant, Barbara Van Sack, hereinafter referred to as "Claimant": Mark D. Schorr, Esq., Sterns & Weinroth, Trenton, NJ. Respondents, Merrill Lynch, Pierce, Fenner & Smith, Inc., ("Merrill") and Robert A

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Charles V. Marais, (Claimant) vs. Barclays de Zoete Wedd, Inc. and Barclays Capital, Inc. a/k/a BZW Securities Inc. a/k/a Barclays de Zoete Wedd Securities, (Respondents) Case Number: 00-02520 Hearing Site: New York, New York REPRESENTATION OF PARTIES Claimant, Charles V. Marais, hereinafter referred to as "Claimant": Jeffrey L. Liddle, Esq., Liddle & Robinson, L.L.P., New York, NY.

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Jay Mann, Gerald Mann, Carla Mann individually and as custodian for Danielle Mann, and the Gerald Mann IRA, (Claimants) vs. Somerset Financial Group, Inc. and David Velinsky, (Respondents) Case Number: 02-01372 Hearing Site: New York, New York REPRESENTATION OF PARTIES Claimants, Jay Mann ("J. Mann"), Gerald Mann ("G. Mann"), Carla Mann individually and as custodian for Danielle

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 02-01371 Mary Maxine Gray, claimant vs. First Union Securities, Inc. and Anita Williams, respondents. ATTORNEYS: Claimant appeared pro se, Pasadena, CA. For Respondents appeared Michael A. Gross, Esq., of the firm Ulmer and Berne LLP, Cleveland, OH. DATE FILED: March 8, 2002 CASE SUMMARY: Claimant alleged that respondents made intentional misrepresentations regarding investments made in

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Jack Feiner, Jordan Feiner, Sorin Anne Feiner, and Capital Trading Consultants, Inc. (Claimants) v. Raymond James and Associates, Inc. and Greg Caputo (Respondents) Case Number: 02-01368 Hearing Site: New York, New York Nature of the Dispute: Customers vs. Member and Associated Person. REPRESENTATION OF PARTIES Claimants Jack Feiner ("Jack Feiner"), Jordan Feiner ("Jordan Feiner"),

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Saverina Dia, TTEE of The Liborio Dia and Josephine Dia Trust, Claimant v. Merrill Lynch, Pierce, Fenner & South, Inc. and Stephen P. Whitman, Respondents Case Number: 02-01366 Hearing Site: San Diego, California REPRESENTATION OF PARTIES For Claimant: Erwin J. Shustak, Esq. Shustak Jalil & Heller San Diego, California For Respondents: James P. Delphey, Esq. Seltzer Capl

Award NASD Dispute Resolution COPY In the Matter of the Arbitration Between: Arsalan Darmal and Laila Darmal, Claimants v. Merrill Lynch, Pierce, Fenner & Smith, Inc. and Darrell A. Meister, Respondents Case Number: 02-01363 Hearing Site: Honolulu, Hawaii REPRESENTATION OF PARTIES For Claimants: Michael A. Lilly, Esq. Ning Lilly & Jones Honolulu, Hawaii For Respondents: Jeffrey S. Portnoy, Esq. Theodore D.C. Young, Esq. Cades Schutte

NASD DISPUTE RESOLUTION MODIFIED AWARD NASD DISPUTE RESOLUTION CASE: 02-01358 Leo H. Kulla, claimant vs. Drake Capital Securities, Inc., d/b/a Drake & Co., Inc., and Zaim Jim Hajdarevic, respondents. ATTORNEYS: For Claimant appeared Stephanie Korenman, Esq., of the firm Duane Morris, New York, NY. For Respondent Drake Capital Securities, Inc. d/b/a Drake & Co., Inc., appeared, Michele Wessel, Compliance Director, New York, NY. Respondent Zaim Jim Ha

k ^L~* Award NASD Dispute Resolution In the Matter of the Arbitration Between: William C. Binnig (Claimant) v. CIBC Oppenheimer Corp., Michael J. Richards, and Richard W. Hartnett (Respondents) Case Number: 02-01357 Hearing Site: Boston, Massachusetts Nature of the Dispute: Customer vs. Member and Associated Persons. REPRESENTATION OF PARTIES Claimant William C. Binnig ("Binnig") hereinafter referred to as "Claimant": Paul G. Boylan, Esq., D