STIPULATED AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Jesse C. Sachan and 03-00630 Kansas City, Missouri Name of Respondents Merrill Lynch Pierce Fenner & Smith, Inc. Scott V. Babcock Nature of the Dispute: Customer vs. Member and Associated Person. REPRESENTATION OF PARTIES Jesse C. Sachan ("Claimant") was represented by Jeffrey S. Kruske, Esq., Overland Park, Kansas. Merrill Lynch Pier

NASD REGULATION, INC. AWARD In the Matter of the Arbitration Between Name of Claimants Steven E. & Mary M. Yarmosky 97-02852 Name of Respondents Sterling Foster T: Company Frank Gerard Duffy, HI James Richard Buschle, Jr. Craig Lawrence Kellerman Frank J. Monroig Adam Richard Lieberman REPRESENTATION For Claimants Steven E. & Mary M. Yarmosky ("Claimants") appeared David E. Shellenberger, Esq., a sole practitioner with office

NASD Regulation, Inc. AWARD In the Matter of the Arbitration Between Name of Claimant David A. Thorsness and 97-02847 Name of Respondent Sterling Foster & Co., Inc. Adam Lieberman Frank Monroig Doug Magnuson REPRESENTATION OF PARTIES David A. Thorsness ("Claimant") was represented by Mark J, Briol. Esq., Briol & Associates, Minneapolis, Minnesota Sterling Foster & Co., Inc. ("Respondent Sterling Foster") and Adam Lieberman ("Responde

Modified Award NASD Dispute Resolution In the Matter of the Arbitration Between: Citigroup Global Markets Holdings Inc. (Claimant) v. Richard N. Blackwood (Respor.dent) Case Number: 05-04803 Hearing Site: Boston, Massachusetts Nature of the Dispute: Non-Member vs. Associated Person. REPRESENTATION OF PARTIES Claimant Citigroup Global Markets Holdings, Inc. hereinafter referred to as "Claimant": Kenneth O'Connor, Esq., Lubiner & Schmidt, Cranford, NJ.

NASD REGULATION, INC. AWARD In the Matter of the Arbitration Between Name of Claimant Preston A. Burns 97-02844 Name of Respondents Jon Dixon Meyers Pollock Robbins, Inc. REPRESENTATION For Claimant Preston A. Burns ("Burns") appeared H. Patrick Taylor, Jr., Esq., a private practitioner with law offices located in Wadesboro, North Carolina. For Respondent JoruDixon ("Dixon") appeared Leslie K. Case, of the law office Gersten, Savage,

NASD Dispute Resolution, lac. In the Matter of the Arbitration Between Name of Claimant R.J. Steichen & Company Case No. 00-02032 Names of Respondents Infinity Advisors, Inc. Mark Duane Kroeger REPRESENTATION OF PARTIES For R.J. Steichen & Company ("R.J. Steichen"), hereinafter referred to as "Claimant": F. Chet Taylor, Chief Litigation Counselor, R.J. Steichen, Minneapolis, Minnesota. For Infinity Advisors, Inc. ("Infinity") and Mark Duane

NASD Regulation, Inc. Award NASD Regulation, Inc. Office of Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Stephen L. Brown, Sr, c vi _ and * » Name of Respondent Morgan Keegan Company, Inc., and Jack Pedigo REPRESENTATION OF PARTIES Stephen L. Brown, Sr. ("Claimant") was represented by Jane L. Stafford, Esq., of Spencer Fane Britt & Browne, LLP, Kansas City, Missouri. Morgan Keegan Company, Inc.

NASD REGULATION, INC. , AWARD In the Matter of the Arbitration Between Name of Claimants Hyacinth Simms Anna Simms Claire Reid 97-02835 Name of Respondents L.T. Lawrence & Co., Inc. Myke Eze Ekenyere REPRESENTATION Hyacinth Simms ("H. Simms"), Ama Simms ("A. Simms"), and Claire Reid ("Reid") (hereafter referred to collectively as "Claimants") were represented by John E. Lawlor, Esq., from the law office of John E. Lawlor, Esq., l

AWARD NASD Regulation, Inc. Office of Dispute Resolution In the Matter of the Arbitration Between Name of Claimant ND Holdings, Inc. and 97-02833 Name of Respondents "Waterford Financial, Inc. Richard Andolshek Mary Powers Everest Securities, Inc. REPRESENTATION OF PARTIES ND Holdings, Inc. ("Claimant") was represented by Gordon Dihle, Esq., Denver, Colorado. Waterford Financial, Inc. ("Respondent Waterford"), Richard Andolshek ("Res

ARBITRATION AWARD NASD REGULATION, INC., OFFICE OF DISPUTE RESOLUTION In the Matter of the Arbitration Between Name of Claimant Patricia S. Murawski 97-02831 Name of Respondents Principal Financial Securities; and Kenneth Mannino REPRESENTATION For Claimant: Patricia S. Murawski ("Murawski") was represented by Donald C. Shine, Esq. of Nisen & Elliot, located in Chicago, Illinois. For Respondents; Principal Financial Securities, Inc. ("Pr