NASD REGULATION, INC. AWARD OFFICE OF DISPUTE RESOLUTION In the Matter of the Arbitration Between Name of Claimant(s) Martin Hodas 95-05768 Name of ResDondent(s) Hanover, Sterling & Co. Roy Ageloff Michael Ageloff Ronald Cropper Michael Orlino REPRESENTATION For Claimant Martin Hodas ("Claimant") appeared Martin S. Siegel, Esq., of the law office Berlack, Israels & Liberman LLP, located in New York, New York. For Respondents Ro

NASDR AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION, INC In the matter between Nancy C. PhUUps, Claimant, v. Case No, 95-05757 Smith Barney, Harris, Upham & Company, Inc., Respondent. REPRESENTATION OF PARTIES Nancy C Phillips ("Claimant") was represented by Lewis N. Carter, Esquire of Doemer, Saunders, Daniel & Anderson located in Tulsa, Oklahoma. Smith Bamey, Harris, Upham & Company, Inc. ("Respondent") was represented by Mario

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Robert L. and Ruth B. Hazen Revocable Trust 95-05755 Name of Respondent Merrill Lynch, Pierce, Fenner & Smith, Inc. CASE SUMMARY In a claim tiled with the National Association of Securities Dealers, Inc. on December 7, 1995, Claimams Robert L. and Ruth B. Hazen Revocable Trust ("Claimants"), who appeared Pro Se, alleged that Res

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURTTIES DEALERS In the Matter of the Arbitration Between NamRsnf riaimants Sydney Schaller, Saia Jane Schaller, Edward C. Grant, Individually and as Trustee F/B/O Edward C. Grant & Julie B. Grant Trust DTD 2/20/96, Julie B. Grant, Individually and as Trustee F/B/O Edward C. Grant & Julie B. Grant Trust DTD 2/20/90, Stella E. Knebel, Individually and as Tmstee F/B/O Stella E. Knebel living Trust VIA

AWARD NASD Regulation, Inc. Office of Dispute Resolution In the Matter of Arbitration Between Montserrat LL. Izquierdo, Mount Regent Ltd., Tanara Investments Ltd., and Eduardo Mata Productions, Pension Plan, Claimants, and No. 95-05733 MFI Investments Corp., Michael N. Emmons, and Russell Jay Clark, Respondents. REPRESENTATION OF PARTIES Claimants, Montserrat LL. Izquierdo, Mount Regent Ltd., Tanara Investments Ltd., and Eduardo Mata P

NASD Arbitration No. 95-05726 N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS. INC In the matter of the Arbitration Between Name of Claimant fs) Cheryl L. Hogan Dean Witter Reynolds Inc. Barton h. Young REPRESENTATION For Claimant: William Steinmetz, San Francisco, California For Respondents: Janet T. Epstein, Esq., Dean Witter Reynolds Inc., San Francisco, California CASE IITFORMATION Statement of Claim filed: Dece

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Dr. Nicholas G. Mitchell 95-05715 Name of Respondents Smith Barney Shearson, Inc. Robert Karis CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on December 6, 1995, Claimant Dr. Nicholas G. Mitchell ("Claimant"), who appeared Pro Se, alleged that he held account #25364092 with Respondent

N.A.S.D.REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION In the Matter of the Arbitralion Between Name of Claimant Barton L. Halpern Leslie Halpern 95-05706 Name of Respondent High Yield Management Securities, Inc. Philip J. Eitman HYM Financial, Inc. REPRESENTATION Claimants Barton L. Halpern and Leslie Halpern ("Claimants") was represented by Philip J. Murren, Esq., Ball Skelly Murren & Connell, Harrisburg, PA.

NASDR AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION, INC. In the Matter of the Arbitration Between Pmdential Securities Incorporated, Claimant, and CASE No. 95-05638 Marvin W. Cross, II, Respondent. REPRESENTATION OF PARTIES For Claunant: Pmdential Securities Incorporated was represented by Michael A. Kraft, Esq., Gomberg Kane & Fischer, Ltd., 208 South LaSalle Street, Suite 1800, Chicago, Illinois 60604. For Respondent: Marv

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant David Lofthouse 95-05656 Name of Respondents Paragon Capital Corporation Joseph Falcone REPRESENTATION For Claimant David Lofthouse ("Claimant") appeared Robert Cantor, Esq., a sole practitioner, located in New York, New York. For Respondent Paragon Capital Corporation ("Paragon") appeared David Richan, Esq. of Tenzer Gre