Award NASD Dispute Resolution In the Matter of the Arbitration Between: John E. Armstrong, Claimant v. Glol)al Equities Group, Inc., Hanifen, Imhoff Clearing Corp. a/k/a Fiserv Correspondent Services, Inc., Tasin & Conq)any, Inc., Michael Smith, Mizanul Kabir, Thomas Gay, Aleksandr Shvarts, Micliael H. Christ, and Thomas L. McDermott, Re^ondents Tasin & Conqiany, Inc., Cross-Claimant v. Michael Smith and Thomas Gay, Cross-Respondents Case Number: 98-04804 H

AWARD NASD REGULATION, INC, OFFICE OF DISPUTE RESOLUTION In the Matter of the Arbitration Between Name of Claimant Daniel Suflivan 97-00565 Name of Respondents First Colonial Investment Services, Inc.; Gina Butler; Gary Watson; rirst Bank of Illinois REPRESENTATION For Claimant: Daniel Sullivan ("Sullivan") was represented by John O'Donnell, Esq. of Buikema Hiskes Dillner O'Donnell Marovic, located in Orland Park, Illinois. For R

NASD Regulation, Inc. Award NASD Regulation, Inc. Office of Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Evelyn A. Melnicki and 97-00563 Name of Respondents First Asset Management Inc., f/k/a Lew Lieberbaum, Inc., William Romeo, Jane Doe Romeo, Paul Reinholtz, and Jane Doe Reinholtz REPRESENTATION OF PARTIES Evelyn A. Melnicki ("Claimant") was represented by John J. Nicgorski, Esq., of Mohr, Hacket

STIPULATED AWARD ARBITRATION BEFORE THE NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC, MITCHELL HARDER, Claimant, v. SAN CLEMENTE SECURITIES, INC,, PETER LIOUNIS, JOHN DOES, Controlling Persons, and LA JOLLA CAPITAL CORPORATION, Respondents. CASE NO- 97-00559 For Claimant: For Respondent: For Respondent: For Respondent: REPRESENTATION OF PARTIES H Thomas Fehn, Esq. and Elizabeth Lowery, Esq. FIELDS, FEHN & S

AWARD NASD Regulation, Inc. Office of Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Earl Fuechtmann and 97-00556 Name of Respondent Keith Densing REPRESENTATION OF PARTIES Earl Fuechtmann ("Claimant") appeared pro se. Keith Densing ("Respondent") did not appear at the hearing. CASE INFORMATION The Statement of Claim was filed on or about February 3,1997. Submission Agreement of Claimant Earl Fuechtmann

N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION. INC. CASE: 97-00552 Milton Ehrlich, claimant v. Charles Schwab & Company, Inc., respondent. ATTORNEYS: For claimant appeared Scott K, Rohring, Esq. - Albany, NY. For Respondent appeared Gregory M. Scanlon, Esq. - San Francisco, CA. DATE FILED: 1/31/97 CASE SUMMARY: Claimant alleged loss from failure to execute sell order of Zoltek Company stock. Claim Data Award Dat

NASD REGULATION AWARD In the Matter of the Arbitration Between Name of Claimant Letitia Fabiani 97-00546 of Respondents Merrill Lyuch, Pierce, Fenner & Smith Inc. John A. Busco REPRESENTATION For claimant Letitia Fabiani ("claimant") appeared Theresa M. Simonson, Esq., with law offices located in Whiting, New Jersey. For respondents Merrill Lynch, Pierce, Fenner & Smith, Inc. ("Merrill Lynch") and John A. Busco ("Busco") appeared Howard

N.A.SJX REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REOTTTJVTION. INC. CASE: 97-00544 Scott Q'Malley, claimant v. Ron Hosang, respondent. ATTORNEYS: For Claimant Claimant appeared pro se - Nonvalk, CT. Respondent failed to appear. DATE FILED: 1/31/97 CASE SUMMARY: Claimant alleged unauthorized trading of stock. Claim Data Award Data Claim: $1,737.50 Award: $1,737.50 Punitive: $.00 Punitive: $.00 Atty Fees: $.00 Atty F

N.A.S.D, REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION. INC. CASE: 97-00541 William R. Bohl, M.D., claimant v. Investors Associates, Inc and Coleman Flaherty, respondents. ATTORNEYS: For Claimant Claimant appeared pro se - Shaker Hts., OH. For Respondents appeared David Sayid, Esq. Hackensack, NJ. DATE FILED: 1/31/97 CASE SUMMARY: Claimant alleged unauthorized trades and failure to follow instruction in trades of sto

NASD REGULATION. INC. AWARD In the Matter of the Arbitration Between Names of Claimants Ben and Lisa Marie Pcnncita vs. 97-00540 Names of Respondents Okie Discount Corporation John Inferrera REPRESENTATION For Claimants Ben and Lisa Marie Pennetta ("Claimant") appeared Douglas A. Foss. Esq. of the firm Harris Beach and Wilcox located in Rochester, New York, For Respondents Olde Discount Corporation ("Olde") and John Inferrera ("Inferrera"),