NASD REGULATION, INC. AWARD In the Matter of the Arbitration Between Name of Claimants Michael D. and Margaret K. Schall Name of Respondent and Third Party Claimant Case No. 97-00931 Merrill Lynch Pierce Fenner & Smilh Inc Name of Third Party Respondent Martin H. Maghakian REPRESENTATION For Claimant Michael D. and Margaret K. Schall ("Claimant"): Andrew K. Epting, Jr., Esq. of the law firm of Pratt-Thomas, Pearce, Epting & Walker, Charleston, S

N.A.S.D. AWARD NASD Regulation, Inc. Office of Dispute Resolution In the Matter of the Arbitration Between Name of Claimants William Gillan, Shirley Gillan, Sam Migliaccio and Lidja Migliaccio 97-00923 Name of Respondents Equity Securities Trading Co., Inc. Nathan Newman REPRESENTATION For Claimants: Kevin W. Rouse, Esq., Minneapolis, MN, and Allan J. Fedor, Esq., Largo, FL. For Respondents: Vincent D, Louwagie, Esq. of the Law Offices o

OCT.17.1998 5:i4PM NPSD REGULfiTION FL NO.984 P.7 N.A.S.D. REGULATION, INC. AWARD NASD Regulation, Inc. Office of Dispute Resolution In the Matter of the Arbitration Between Name* Robert Hugh Stanley, n and Sally B. Stanley 97-40918 Names of Respondents Toluca Pacific Securities, Inc. Michael LaVffle REPRESENTATION For Claimants; Robert Hugh Stanley, fl, pro &e< For Respondent Toluwt Pacific Securities, Inc.: Walter Hendricks, Senior

AWARD NASD Regulation, Inc. In the Matter of the Arbitration Between George Drewry, Oconto Veterinary Services Ltd., Employee Retirement Plan and Trust, George Drewry, Trustee, Claimants, v. No. 97-00916 Meyers Pollock Robbins, Inc., Scott Shay, Nelson Gomez, David Dudkin., Bear Stearns Securities Corporation, Schroder Wertheim Company, Toiuca Pacific Securities, and Jerold Judkowitz,- Respondents. REPRESENTATION OF PARTIES C

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimants Donald Hughes, Limited Guardian of the Estate of David Rasmussen and Mary Rasmussen and Case Number: 03-03301 Hearing Site: Chicago, Illinois Name of Respondent Merrill Lynch Corporation, Peter J. Nazos David E. Bruun, and Lynette Borders NATURE OF DISPUT^, Customer v. Member. Donald Hughes. Limited Guardian of the Estate of David Rasmu

Award NASD Regulation, Inc. In the Matter of the Arbitration Between: Robert R. Klingman, Robert Kilngman IRA, Napa Valley Cardiac Thoracic Money Purchase Plan, Janine M. Klingman, Roy Eisiminger, William Berry, John McMahon, Kevin Murphy, Alan Tabor, Joe Martinez, Kenneth Kleven, Juliana Kleven and Paul E. Smith, Claimants vs. Everen Securities, George Moskowite and Mark Davidson, Respondents. Case Number: 97-00915 Hearing Site: San Francisco, CA REPRE

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Raymond Ceranowicz (Claimant) v. Denise Delrossi (Respondent) Case Number: 97-00911 Hearing Sue Buffalo. Neu > ^rk Nature of the Dispute: Customer vs. Associated Person REPRESENTATION OF PARTIES Claimant Raymond Ceranowicz ("Ceranowicz'') hereinafter referred to as "Claimant" appeared pro se. Respondent Denise Delrossi ("Delrossi") hereinafter referred to as "Respondent". David

AWARD OF DISMISSAL NASD Regulation, Inc. In the Matter of the Arbitration Between Name of Claimants Joseph and Madelaine Cavegn Alexander and Pascale Cavegn vs. Arbitration 97-00797 Consolidated with 97-00910 Name of Respondents Royal Alliance Associates, Inc. Gary W. Krat vs. Third Party Respondent Donald Denton REPRESENTATION Claimants Joseph Cavegn, Madelaine Cavegn, Alexander Cavegn, and Pascale Cavegn (collectively "

NASD Regulation, Inc., Award In the Matter of Arbitration Between H.J. Meyers & Co., Claimant, and No. 97-00905 Van Skwara, Respondent. REPRESENTATION OF PARTIES Claimant, H.J. Meyers & Co. ("HJ Meyers") was represented by Steven E. Feder, Esquire of Pirrello, Personte & Feder located in Rochester, New York. Respondent, Yan Skwara ("Skwara") was represented by David A. Zisser, Esquire at Berliner Zisser Walter & Gallegos located in Denver, C

AWARD NASD Regulation, Inc. In the Matter of the Arbitration Between Name of Claimant William Dan Corzine 97-00904 Names of Respondents Gilford Securities, Inc. Nicholas Calapa REPRESENTATION For Claimant William Dan Corzine ("Corzine"): James E. Blount, HI, Esq., of the Blount Law Firm, Memphis, TN. For Respondent Gilford Securities, Inc. ("Gilford"): Joel Levinson, Esq., Gilford Securities, Inc., New York, NY. For Respondent Ni