N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION. INC. CASE; 97-03535 Lawrence H. Adler, claimant vs. Lane Lehrehoff, Robert Lanava, Michael Medder, First Cambridge Securities Corp. and Bear, Stearns Securities Corp., respondents. ATTORNEYS: Claifnant appeared Pro Se. - South Windsor, CT. Respondent Lane Lehrehoff appeared pro se - Hewlett, NY. Respondent Robert Lanava appeared pro se - New York, NY. For Respondent Fir

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of aatTnant/Coiinter-Res^^n(^|.T^; Prudeittial Securities IiKorporated 93-01612 Richard E. Kelly REPRESENTATION For Claimam/Counter-Respondent: Pmdential Securities Incorporated ("Prudential") was originaUy represented by Mark S. Dichter, Esq. and Edward S. Mazurek, Esq. of Morgan, Lewis & Bockius, located in Philadelphia, Pemi^lvama. Thwnas F.

N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION. INC. CASE: 97-03532 Gerald L. Olsen and Denice Olsen, claimants vs. First Hanover Securities, Inc. AKA Lexington Capital Partners and John Michael Barone, respondents. ATTORNEYS: For Claimants appeared Julian D. Jensen, Esq. - Salt Lake City, UT. For Respondents appeared Charles M. O : Rourke, Esq. Garden City, NY. DATE FILED: 7/17/97 CASE SUMMARY: Claimants all

AWARD NASD REGULATION, INC. In the matter of the Arbitration Between Name of Claimant(s) G. John Coppini Name of Respondent(s) RTG Richards, Inc. Louis Pascuzzi WilliamDiNapoli Milton Green Jean Pierre Serena For Claimant: For Respondents: RTG Richards: Louis Pascuzzi: REPRESENTATION Richard Sacks Investors Recovery Service Novato, California No appearance Dan A Druz, Esq. Manasquan, New Jersey Wil

N.A.S.D. REGULATION, INC. AWARD CASE: 97 - 03530 Frank McVerry, claimant vs. Gerry Hershberger and Barbara Walker, respondents. ATTORNEYS: Claimant appeared Pro Se, - Rancho Santa Margarita, CA. For respondents appeared Bob Salvador - Palo Alto, CA. DATE FILED: 7/17/97 CASE SUMMARY: Claimant alleged improper execution of trade. Claim Data Award Data Claim: $9,000.00 Award: $.00 Filing Fees: $.00 Filing Fees: $150.00 Other: $.00 Other: $.00

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Steven A. Sinkin and Case Number: 97-03522 Hearing Site: Houston, Texas Names of Respondents Kenny Securities Corporation, Jeffrey Gelber, and Pauli & Company NATURE OF DISPUTE Customer v. Member Firm, Associated Person and Terminated Member Firm REPRESENTATION OF PARTIES Steven A. Sinkin ("Claimant") was represented by E.B. Barretto, Esq., of

NASD REGULATION, INC. AWARD In the Matter of the Arbitration Between Name of Claimant Ilya Boguslavsky 97-03519 Name of Respondent E*Trade Securities, Inc. REPRESENTATION Claimant Ilya Boguslavsky ("Boguslavsky' 1 ) appeared pro se. For Respondent E*Trade Securities, Inc. ("E*Trade") appeared Mark Drooks, Esq. of the law offices of Bird Marella Boxer Wolpert & Matz located in Los Angeles, California. CASE INFORMATION Boguslav

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name nf the Claimants Case Number 00-02113 1966 Russell Family Trust 1967 Russell Family Trust 1968 Russell Family Trust Douglas Russell Marie-Caroline Russell Name nf the Respondents Hearing Site: Washington, DC Morgan Stanley DW, Inc. f/k/a Dean Witter Reynolds, Inc. Scott Allen Cohen Nature of the Dispute: Customers v. Member and Associated Person. KEPftFS

N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION. INC. CASE: 97-03517 Joseph F. Souza, Trustee, claimant v. Smith Barney Inc. and Darren A. Wald, respondents. ATTORNEYS: Claimant appeared pro se - Atascadero, CA. For respondents appeared Ann Parry, Esq. - New York, NY. DATE FILED: 7/16/97 CASE SUMMARY: Claimant alleged negligence and misinformation in the purchase of common stock. Claim Data Award Data Claim: $

>t N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION. INC. CASE: 97-03516 Erma Jean Humes, claimant vs. Kenneth William Mattson, respondent. ATTORNEYS: Claimant appeared Pro Se, Santa Rosa, CA. For Respondent appeared David D. Hartung, New York, NY, DATE FILED: July 16, 1997. CASE SUMMARY: Claimant alleged that she was not provided with sufficient information regarding fees which resulted in excessive income tax cha