NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 02-00568 Edward F. Dalton Marital Trust, Judith A. Martin Successor Co-Trustee, claimant vs. Merrill Lynch, Pierce, Fermer and Smith, Inc., and Merrill Lynch Trust Company, respondents. ATTORNEYS: For Claimant appeared Robert J. Scafuri, Esq., of the firm Scafuri, Mattoni and Monicatti, Troy, MI. For Respondents appeared in-house counsel, Bryan I. Reyhani, Esq., New York, NY. DATE FILED: Ja

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION, INC. CASE: 02-00565 John Early IRA, claimant vs. First Union Securities, Inc., respondent. ATTORNEYS: Claimant appeared pro se, Clemento, NJ. For Respondent appeared Michael A. Gross, Esq. of the firm Ulmer & Berne LLP, Cleveland, OH. DATE FILED: January 30, 2002 CASE SUMMARY: Claimant alleged respondent advised claimant to invest in PSINET INC. Senior Notes, investments that were unsuitable

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 02-00564 ' National Art Interior, Inc., claimant vs. David P. Samuels, Jennifer L. Phelps and Benjamin Brooks, respondents. ATTORNEYS: For Claimant appeared Nicholas D. Thomas, Esq., Raleigh, NC. For Respondent Benjamin Brooks appeared Jeffrey M. Gershon, Esq., of the firm Wyrick Robbins Yates & Ponton, LLP, Raleigh, NC. Respondent Jennifer Phelps appeared pro se, Raleigh, NC. Responden

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION, INC. CASE: 02-00561 Seaboard Securities, Inc., claimant vs. Bruce J. Moschella, respondent. ATTORNEYS: For Claimant appeared in-house counsel, Sonya T. Still, Esq., Florham Park, NJ. Respondent did not respond to the Statement of Claim. DATE FILED: January 30, 2002 CASE SUMMARY: Claimant alleged that respondent failed to repay funds advanced to him upon termination of his employment. Claimant ma

CASE: 02-00560 Prime Charter Ltd., Inc. and Fahnestock & Co., Inc., claimants vs. Kevin Girard, respondent. ATTORNEYS: For Claimant appeared in-house counsel, Eric J. Shames, Esq., New York. Respondent did not respond to the Statement of Claim. DATE FILED: January 30, 2002 CASE SUMMARY: Claimant alleged that respondent, upon termination of his employment, failed to repay advances received against his monthly commissions pursuant to a promissory note. Cl

Stipulated Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between Name of Claimant James & Margaret Wilson Case No. 00-02455 Names of Respondents Dean Witter Reynolds, Inc. n/k/a Morgan Stanley DW, Inc. Alan David Katz REPRESENTATION OF PARTIES For James & Margaret Wilson, hereinafter referred to as "Claimant": Harold H. Martin, Esq. Brown & Associates, PLLC, Charlotte, North Carolina. For Dean Witter Reynolds,

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Names of the Claimants Case Number: 02-00559 Richard J. Roy Mary Jo Roy Names of the Respondents Hearing Site: Tampa, Florida Morgan Stanley DW, Inc. William Rick Worley REPRESENTATION OF PARTIES For Richard J. Roy and Mary Jo Roy, collectively referred to as "Claimants": Stephen D. Spivey, Esq., Law Office of Stephen D. Spivey, P.A., Ocala, Florida, and Robert E. Landt,

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Bernard S. Gutow IRA and Gutow Family Trust DTD 10/28/91, Claimants v. UBS Financial Services Inc., Robert G, Whelan and James D. Klein, Respondents Case Number: 02-00557 Hearing Site: San Francisco, California Nature of the Dispute: Customers vs. Member and Associated Persons REPRESENTATION OF PARTIES For Claimants: Michael Harrington, Esq. Law Offices of James Jay Seltzer

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Michael E. Kelly and Teresa A. Kelly (Claimants) v. CIBC Oppenheimer Corp., a Division of CIBC World Markets Corp., Michael J. Richards, and Richard W. Hartnett (Respondents) Case Number: 02-00551 Hearing Site: Boston, Massachusetts Nature of the Dispute: Customers vs. Member and Associated Persons. REPRESENTATION OF PARTIES Claimants Michael E. Kelly ("M. Kelly") and Teresa A. Kell

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of Claimant Alan R. Arnold, Individually and as Custodian for the Alan Arnold IRA Names of Respondents First Union Securities, Inc., J.C. Bradford & Co., Lewis Butler and Scott Spang Case Number: 02-00549 Hearing Site: Boca Raton, Florida REPRESENTATION OF PARTIES For Alan R. Arnold, Individually and as Custodian for the Alan Arnold IRA, hereinafter r