CASE 97-05422 NASD AWARD NASD Regulation, Inc. Office of Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Patrick J. Sharkitt Name of Respondents J.W. Barclay &Co., Inc. David Giordano John Bruno REPRESENTATION Claimant Patrick J. Sharkitt ("Claimant") was represented by Edward E. Sharkey, Esq., Gebhardt and Smith, Baltimore, MD. Respondent J.W. Barclay & Co., Inc. ("JWB") was represented by John Bruno

Award NASD Regulation, Inc. In the Matter of the Arbitration Between: Raymond Lincoln lacobacci, Claimant vs. Global Equities Group, Inc., Marcial F. Chiong, Adam Townsend, Aleksandr Shvarts, Michael Christ, Damiano Coraci, Vadim Zelster, Aleks Paul, Steven Z. Hellman, Wayne Wichert, Martin Wegard, and Craig Balsam, Respondents. Case Number: 97-05421 Hearing Site: New York, New York OF For Claimant Raymond Lincoln lacobacci ("Claimant"), appeare

NASD REGULATION, INC. AWARD In the Matter of the Arbitration Between Name of Claimant Raymond D. Gmndeman vs. Case No. 97-05420 Name of Respondents Kensington Wells Inc. Robert Seropian James Kimberly REPRESENTATION For Claimant Raymond D. Gmndeman ("Claimant") appeared Adolph D. Seltzer, Esq., with law offices in New York, New York. Respondent Kensington Wells, Inc. ("Kensington") filed for bankruptcy and, therefore, all claims

Arbitration No. 97-05419 AHAffi NASD REGULATION. INC. __ In the matter of the Arbitration Between Name of Claimantfs) Jack Dixon Name jpf Respondent f a 1 Investors Associates Incorporated REPRESENTATION For Claimant: Graham Daniel Mottola, Esq., Lowenthal & August, Wailuku, Maui, Hawaii For Respondent: Bridget Montalvo, Investors Associates Incorporated, Hackensack, New Jersey CASE INFORMATION Statement of Claim filed: Novem

NASD REGULATION, INC. AWARD In the Matter of the Arbitration Between Name of Claimant Peter J. Calderon Case No. vs. 97-05417 Name of Respondents Jordan Ross Belfort, Adam Friedland, Robert Lewin & Daniel Porush REPRESENTATION For Claimant Peter J. Calderon ("Claimant"), Joseph Calderon, Esq. from the law firm of Deutsch, Klagsbrun & Blasband located in New York, New York. Respondent Jordan Ross Belfort ("Belfort"), who is located in

Award NASD Regulation, Inc. In the Matter of the Arbitration Between Name of Claimant Howard W. Friedrichs, IRA Trustee Case No. 97-05416 Names of Respondents K.W. Brown Investments Co., Inc. Kenneth W. Brown Third-Party Respondents Fixed Income Securities, Inc. M.J. Whitman, Inc. REPRESENTATION OF PARTIES For Claimant Howard W. Friedrichs, IRA Trustee ("Claimant*): Eugene Michael Kennedy, Esq. of the Law Office of Eugene Michael

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Rose S. Lentini, Philomena Bombino, and Pasquale Bombino, (Claimants) vs. Frank J. Fasano, SFI Investments, Inc., Pershing Clearing Corp., Karen J. Ritter, Barbara D. Halpern, Arthur B. Bahlav, Robert Fitzpatrick, Jeffrey A. Olweean, Kevin M. Smith, Mark A. Singerman, and Co wen & Co., Inc., (Respondents) Case Number: 97-05412 Hearing Site: New York, New York REPRESENTATION OF

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Maurice Eugene Geiger, Claimant v. US Bancorp Piper Jaffray, Inc., Steven Berglund and Scott Matthewson, Respondents. Case Number: 00-02354 Hearing Site: Seattle, WA For Claimant: John A. Bender, Jr., Esq. Weiss Jensen Ellis & Howard 520 Pike Street 2600 Pike Tower Seattle, WA 98101 For Respondents: Brian S. Hellberg, Esq. Piper Jaffray, Inc. n/k/a US Banco

AWARD NASD REGULATION, INC.. OFFICE OF DISPUTE RESOLUTION In the matter of the Arbitration Between Name of Claimants Edward C. Brumleu v. Name of Respondent Charles Schwab & Co., Inc. Arbitration No. 97-05409 For Claimant: For Respondent: Statement of Claim filed: REPRESENTATION Edward Bmmleu In Pro Per Villa Park, California Rhonda Jones, Esq. Charles Schwab & Co., Inc. San Francisco, California CASE INFO

N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION. INC. CASE: 97-05408 Elizabeth D. Thompson, claimant vs. Merrill Lynch, Pierce, Fenner & Smith, Inc., respondent. ATTORNEYS: For Claimant appeared Joseph Sadow, Esq., New York, NY. For Respondent appeared in-house counsel, Peter Bon Viso, Esq., New York, NY. DATE FILED: November 17, 1997. CASE SUMMARY: Claimant alleged that she was pressured into selling her shares of Mi