N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION- INC. CASE: 97-00472 Harvey A. Helms, claimant v. San Clemente Securities, Inc. and Peter Liounis, respondents. ATTORNEYS: For Claimant appeared Bradley S. Pauley, Esq. - Los Angeles, CA. Respondent Peter Liounis appeared through his attorney, Michael F. Bachner, who latter withdrew. The action against San Clement Securities, Inc. was settled by the parties. DATE FILED

AWARD NASD REGULATION. INC.. OFFICE OF DISPUTE RESOLUTION In the matter of the Arbitration Between Name of Claimant Atara Mont, IND & TTEE/Atara Mont Family Trust v. Arbitration No. 97-00471 Name of Respondents Bear Steams & Co., Doron Kochavi, Andrew Haas, Ronald Fox, and Marc Lehman REPRESENTATION For Claimant: Matthew Rutherford, Esq. Law Offices of Matthew R. Rutherford, Esq. San Diego, California For Responde

N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION, INC. CASE: 97-00470 John W. Walmsley, claimant v. Hackett Associates, Inc., respondent. Claimant appeared Pro Se - Bristol, PA. Respondent appeared Pro Se through its Vice President, David M. Hackett - Wyomissing, PA DATE FILED: 1/29/97 CASE SUMMARY: Claimant alleged misappropriation of funds by licensed, bonded and insured respresentative of respondent and failure to super

AWARD NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between Name of Claimant Dain Rauscher Incorporated and Name of Respondent Kenneth J. Murphy 00-01758 Scottsdale, Arizona REPRESENTATION OF PARTIES Dain Rauscher Incorporated ("Claimant") was represented by Ashleigh E. Varley, Esq., Dorsey & Whitney, LLP., Minneapolis, Minnesota. Kenneth J. Murphy ("Respondent") appeared pro se. CASE INFORMATION The Statemen

AWARD NASD Regulation, Inc. Office of Dispute Resolution In the Matter of the Arbitration Between Robert J. Robichaux, and Robert J. Robichaux IRA, Claimants, v. No. 97-00469 Stratton Oakmont, Inc., Daniel M. Porush, and Michael Adelstein, Respondents. REPRESENTATION OF PARTIES Claimants Robert J. Robichaux and Robert J, Robichaux IRA ("Claimants") were represented by Robert J. Rofaichaux. * Respondent Stratton Oakmont, Inc.

JflN. 6.1999 IS'llPM NASD REGULflTION PL .- ISO.768 P.8 N.A.SJX REGULATION, INC. AWARD NASD Regulation, Inc., Office of Dispute Resolution In the Matter of the Arbitration Between Louis F. Powell, individual and on behalf of Louis F. Powell Defined Contribution Pension Flan and the Louis F. Powell Defined Benefit Pension Plan 97-00467 Name nf Begpnndent W.S. Griffith & Co., Inc. REPRESENTATION For Claimant: Guy Bums, Esq. of Johnson, Blakely

N.A.S J>. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DRIERS REGULATION. INC. CASE: 97-00466 Olde Discount Corporation, claimant v. Laura P. Owen, respondent. ATTORNEYS: For Claimant appeared Steven D. Carby, Esq. - Detroit, MI. For Respondent appeared Stephen M. Bailey, Esq. - Denver CO. DATE FILED: 1/29/97 CASE SUMMARY; Claimant alleged respondent's check for purchase of stock was returned tor lack of funds. Claim Data Award Data C

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name _of _C1 aimant Wendy Kirchner Case No. 97-00461 Names of Respondents Baraban Securities, Inc. Bruce Edwin Graham Samuel Jerome Erez Michael Leslie Wolfe Lombard Institutional Brokerage, Inc. REPRESENTATION For Claimant Wendy Kirchner ("Kirchner"): Neal J. Blaher, Esq. of Orlando, Florida and Thomas F, Shine, Esq. of Melbourne,

N.A.S-D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURTTnr.S HFAf F.RS REGULATION. INC. Case: 97-00459 The Grigg Declaration of Trust, claimant v. Norfolk Securities Corp. and Ian R. Hosang, respondents. ATTORNEYS: For Claimant appeared William I. Grigg - Brockton, MA. Respondents did not appear. DATE FILED: 1/28/97, CASE SUMMARY: Claimant alleged: Failure to pay interest due, breach of professional conduct; negligence and criminal behavior and

NASD REGULATION. INC. AWARD Case No. 97-00454 In the Matter of the Arbitration Between Name of Claimant Dean Witter Reynolds, Inc. Name of Respondent Robert I. Smerling REPRESENTATION For claimant Dean Witter Reynolds, Inc. ("claimant") appeared Brian Cullen, Esq. of the law offices Bingham, Dana & Gould, LLP located in Boston* Massachusetts. For respondent Robert I. Smerling ("respondent") appeared John J. Kuzinevich, Esq. of the law of