NASD REGULATION, INC. AWARD In the Matter of the Arbitration Between Name of Claimants Gruntal & Co., Incorporated 97-02699 Name of Respondents HWC Ltd. REPRESENTATION For Claimant Gruntal & Co., Incorporated ("Gruntal") appeared Richard I. Janvey, Esq. of the law firm Janvey, Gordon, Herlands, Randolph, Rosenberg & Cox, LLP located in New York, New York. For Respondent HWC Ltd. ("HWC") appeared John E. Lawlor, Esq., a private practi

AWARD NASD Regulation, Inc. In the Matter of the Arbitration Between Timothy S. Figley and Champion Investments, Inc. dba Shamrock Inn v. 97-2751 Merrill Lynch Fenner & Smith, Inc., and Frank Ambrosia REPRESENTATION OF PARTIES Claimants Timothy S. Figley and Championlnvestmentsjnc. dba Shamrocklnn ("Claimants") were represented by William Hawal, Esq., of Spangenberg, Shibley & Liber, located in Cleveland, Ohio. Merrill Lynch Fenner& Smith, I

NASD REGULATION, INC. AWARD In the Matter of the Arbitration Between Name of Claimant Kenneth Atlas 97-02743 Name of Respondents Merrill Lynch, Pierce, Fenner & Smith, Inc. Merrill Lynch & Co., Inc. REPRESENTATION For Claimant Kenneth Atlas ("Atlas") appeared Susan B. Ratner, Esq., of the law firm Haftel & Silverman, P.C., located in New York, New York. For Respondents Merrill Lynch, Pierce, Fenner & Smith, Inc. ("MLPFS") and Merrill Lyn

Award NASD Regulation, Inc. In the Matter of the Arbitration Between Name of Claimants Ian & Rita Crossley Case No. 97-02742 Hearing Location: New York, NY Name of Respondents Bear, Stearns & Co., Inc. Frank J. Monroig Adam R. Lieberman Bear, Stearns Securities Corp. REPRESENTATION OF PARTIES Ian and Rita Crossley ("Claimants") were represented by George L. Mahr, Esq. of Madison, New Jersey. Respondents Bear, Stearns & Co., I

N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION. INC. CASE: 97-02736 Karen O'Brien Smith & Charles L. O'Brien, claimants v. Rauscher Pierce Refsnes, Inc. William H. Biegel , respondents. ATTORNEYS: For Claimants appeared Wallace G. Malone, Esq. - Houston, Texas For Respondents appeared James T. Ritt - Dallas, Texas DATE FILED: 06/02/97 CASE SUMMARY: Claimant alleged unsuitability and misrepresentation. Claim Data

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION. INC. CASE: 00-02026 The Estate of Emma L. Strahs, claimant vs. Legg Mason Wood Walker, Inc., respondent. ATTORNEYS: For Claimant appeared David L. Anderson, Esq., New Port Richey, FL. For Respondent appeared in-house counsel, Sheila Mosmiller Vidmar, Baltimore, MD. DATE FILED: May 16, 2000 CASE SUMMARY: Claimant alleged respondent failed to liquidate the account in a timely manner causing a loss

UE.C-03-98 16 = 25 FROM: IDl PAGE NASD AWARD NASD Regulation, Inc. _^ In the Matter of the Arbitration Between Name of Claimant Estate of Rocco E. CardacI . Case Number and 97-02728 Name of Respondents Philip Contino Lew Lieberbaum & Co., Inc. REPRESENTATION OF PARTIES For Estate of Rocco E. Cardaci ("Claimant") appeared Andrew Giles Freda, Esq., of Freda & Druz, L.L.C., located in Teaneck, New Jersey. For Philip Contino

Regulation, Inc. STIPULATED AWARD *- NASD Regulation, Inc. Office of Dispute Resolution In the Matter of the Arbitration Between Name of Claimants) Kenneth Fogleman 97-02727 Name of Respondent^ Olde Discount Corporation Russell Stonework REPRESENTATION For Claimant: William S. Shepherd of William S. Shepherd & Associates located in Houston, Texas. For Respondent: ina N. Otto of Olde Discount Corporation located in New York, NY. CASE

AWARD NASD REGULATION, INC. In the Matter of the Arbitration Between Name of Claimant Icik Meizlik & Rozalia Meizlik Case Number and 97-02721 Name of Respondent Anthony Dunston May, Davis Group REPRESENTATION OF PARTIES For Icik Meizlik & Rozalia Meizlik ("Claimants") appeared Jacob Meizlik. For Anthony Dunston ("Dunston") appeared Alan Goldberg, Esq., of May Davis Group, located in New York, New York. For May, Davis Group ("May

*t ARBITRATION AWARD NASD REGULATION, INC., OFFICE OF DISPUTE RESOLUTION In the Matter of the Arbitration Between Name of Claimant Prudential Securities Incorporated 97-02711 Name of Respondent Larry Pressl REPRESENTATION For Claimant: Prudential Securities Incorporated ("Prudential") was represented by Norman L. Ashkenas, Esq. of Prudential Securities Incorporated, located in New York, New York. For Respondent: Larry Pressl ("Pressl") w