NASD REGULATION, INC. AWARD Office of Dispute Resolution In the Matter of the Arbitration Between Names of Claimants Robert and Natalie Manners 97-00863 Name of Respondents Shochet Securities, Inc. Gary Selkowitz Henry Neifeld L. Donald Yarkin REPRESENTATION OF PARTIES For Claimants: Richard E. Brodsky, Esq. and Margaret S. Brodsky, Esq. Miami, FL. For Respondents Shochet Securities, Inc. ("Shochet"), Gary Selkowitz ("Selkowitz"),

NASD REGULATION, INC. In the matter of the Arbitration Between Name of Claimantf s) Allen J. Sheerin Arbitration No. 97-00862 Name of Respondentfs) Black & Company, Inc. Jeffrey L. Salzwedel Herbert D. Black Ronald A. Sauer Dennis B. Reiter Theresa C. Duffy William E. Frerichs REPRESENTATION For Claimant: Jeff Dennis Ferentz, Esq., Greenbaum & Ferentz LLP, Newport Beach, California For Respondents Black & Company, Inc

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: David Lawler, Claimant v. Dain Rauscher, Inc. and Paul Grutzner, Respondents Case Number: 00-01805 Hearing Site: Seattle, Washington REPRESENTATION OF PARTIES For Claimant: John A. Bender, Jr., Esq. Weiss Jensen Ellis & Howard Seattle, WA For Respondents; Martin Crowder, Esq. Karr, Tuttle, Campbell Seattle, WA CASE INFORMATION Statement of Claim filed: May

AWARD NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between Name of Claimant E*Trade Securities, Inc. and 00-00217 Kansas City, Missouri Name of Respondents Thomas C. Tran and Ann T. Nguyen REPRESENTATION OF PARTIES E*Trade Securities, Inc. ("Claimant") was represented by Robert McGahan, Esq., Bird, Marella, Boxer & Wolpert, Los Angeles, California. Thomas C. Tran and Ann T. Nguyen ("Respondents") were represented by B.

AWARD NASD REGULATION. INC.. OFFICE OF DISPUTE RESOLUTION In the matter of the Arbitration Between Name of Claimant Jasmine and Mitchel Keolian As co-Trustees of the Jasmine and Mitchel Keolian Revocable Trust dated 1-30-88 v. Arbitration No. 97-00861 Name of Respondents Schneider Securities, Inc., and Olsen Payne and Company REPRESENTATION For Claimant: Jeffrey L. Gaffhey, Esq. Law Offices of Jeffrey L. Gaffney San Diego

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Leo L. and Adair Davis Trust and Leo Davis Inc., Claimants v. Joseph Roberts & Co., Inc., First Southwest Co., Mark McCIain, Randy Syrop, Joel Nazareno, John Curran, Joseph DeSanto, Robert DiMarco and Brian E. Baginski, Respondents Case Number: 97-00856 Hearing Site: San Francisco, California REPRESENTATION OF PARTIES For Claimants: Russell J. Callison, Esq. Lewis, D'Amato, Br

AWARD NASD Regulation, Inc. In the Matter of the Arbitration Between Name of Claimant J.C. Stewart Memorial Trust 97-00848 Name of Respondent LT Lawrence & Co., Inc. Benjamin Conde Manuel Bello REPRESENTATION Claimant J.C. Stewart Memorial Trust ("Claimant") was represented by Theodore L. Mast, Esq., Hoyert & Yoho, Lanham, MD. Respondent LT Lawrence & Co., Inc. ("LTL") was represented by Ruthann G. Nisoi, Esq., New York, NY.

NASD REGULATION, INC. AWARD *% k ^-\ /""^ r^ o ' Office of Dispute Resolution D) r *C \ in the Matter of the Arbitration Between Names of Claimants -1 \ L / Martin L. Leibenguth Virginia C. Leibenguth 97-00843 Names of Respondents Smith Barney. Inc. fka Smith Barney Shearson, Inc. Jay Abrahamovich John Trimpe DEC ; 3 1997 REPRESENTATION OF PARTIES For Claimants: Richard C. Migliaccio, Esq. of the (aw f

N.A.S J>. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION. SVC. CASE: 97-00838 Olde Discount Corporation, claimant v. Fredrick A. & Denise M. Webster, respondents. ATTORNEYS: For Claimant appeared Steven D. Carby, Esq. - Detroit, MI. Respondents appeared pro se - Nashville, TN. DATE FILED: 2/18/97 CASE SUMMARY: Claimant alleged breach of contract and failure to deliver shares of common stock. Claim Data Award Data Clai

NASI) Rl-XJULATION'. INC AWARD In the Matter of the Arbitration Between Names of Claimants Ralph M. Rienzie Nora L. Rienzie 97-00833 Names of Respondents Jeffrey S. Szur Richard Gambale REPRESENTATION Claimants Ralph M. and Nora L. Rion/ic (collectively referred to as "Claimants") appeared pro se. Respondent Jeffrey S. Szur ("Szur") did not enter an appearance in this matter. Respondent Richard Gambale ("Gambale") appeared pro sc