Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Patricia Greenstein, Claimant v. McDonald Investments, Inc., and Matthew G. Presjak, Respondents Case Number: 03-09010 Hearing Site: Portland, Oregon Nature of the Dispute: Customer v. Member and Associated Person REPRESENTATION OF PARTIES For Claimant: Per C. Olson, Esq. Hoevet & Boise, P.C. Portland, Oregon For Respondents: Justin C, Sawyer, Esq. Miller

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the. Claimant Helen M, Janis r 03-09002 Names nf the Respondents Capitol Securities Management, Inc. William RStade, Jr. Gregory V. Clarke Joseph Aristotle Jianos Johann Nanayakkara Hearing Site: Washington* DC Nature of the Dispute: Customer vs. Member and Associated Persons. REPRESENTATION OF PARTIES Claimant, Helen M. Janis ("Claimant"), was re

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION. INC. CASE: 00-01722 Richard H. Read and Carol R. Read, Claimants vs. Torrey Pines Securities, Inc., Leonard Velis and William Fred Gunderson, Respondents. ATTORNEYS: For Claimants Richard H. Read and Carol R. Read, ("Claimant"), appeared G. Mark Brewer, Esq., of The Brewer Law Firm, La Jolla, CA. For Respondents, Torrey Pines Securities, Inc., William Fred Gunderson and Leonard Velis (collective

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Names of the Claimants Case Number 03-08999 Vincent V. & Josephine L. Drago, JTWROS nf the Respondents Hearing Site- Philadelphia, PA PNC Investments C.Stephen Watts, Jr. J.J.B. Milliard, W.L. Lyons, Inc. BHC Securities, Inc. Nature of the Dispute: Customers vs. Members and Associated Person REPRESENTATION OF PARTIES Claimants, Vincent V. and Josephine L. Drago, JTWR

Award NASD Dispute Resolution In the Matter of the Arbitration Between: f!ase Number- 03-08998 Robert W. Patterson frg of the Respondents Hearing Site- Philadelphia, PA Morgan Stanley Dean Witter n/k/a Morgan Stanley DW, Inc., William C. Martindale, and M&T Bank Corp. Nature of the Dispute: Customer vs. Member, Associated Person and Non-Member REPRESENTATION OF PARTTKS Claimant, Robert W. Patterson, hereinafter referred to as "Claimant",

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: ) Hector Yapor, Personal Representative of ) Case Number:- 03-08989 the Estate of Oscar Yapor, ) Claimant, ) v- ) ) Merrill Lynch, Pierce, Fenner & Smith, Inc., ) Hearing Site: Albuquerque, New Mexico David Alvarez, Cathy Hernandez and ) Martin Nesbitt, ) Respondents. j NATURE OF THE DISPUTE Customer vs. Member Firm and Associated Persons REPRESENT

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Wanxiang America Corporation and Highland Ventures International Ltd. and 03-08986 Chicago, Illinois Name of Respondents Corporate Investments Group, Inc. Andy W. Lam Edward P. Green Nature of the Dispute: Customers vs. Member and Associated Persons. REPRESENTATION OF PARTIES Wanxiang America Corporation and Highland Ventures International Ltd

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 03-08984 Mihaly Bacsami Claimant v. Quick & Reilly, Inc., Respondent. ATTORNEYS: For Claimant, Mihaly Bacsami ("Claimant") appeared Wm. Jemison Mims, Jr., Esq., of the firm Levin, Papantonio, Thomas, Mitchell, Echsner & Proctor, P.A. Pensacola, FL. Respondent, Quick & Reilly, Inc., ("Respondent") appeared through it in-house counsel, Peter Byer, Esq., New York, NY. NATURE OF DISPUTE: Custom

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Sol Kraiern and Marilyn Kraiem (Claimants) v. U.S. Securities Int'i. Corp. (Respondent) Case Number: 03-08979 Hearing Site: New York, New York Nature of the Dispute: Customers vs. Member. REPRESENTATION OF PARTIES Claimants Sol Kraiem ("S. Kraiem") and Marilyn Kraiem ("M. Kraiem") hereinafter collectively referred to as "Claimants": Benjamin Lapin, Stock Market Recovery Consultants,

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Kathleen Wehner (Claimant) v. Morgan Stanley Dean Witter n/k/a/ Morgan Stanley DW, Inc. (Respondent) Case Number: 03-08978 Hearing Site: Newark, New Jersey Nature of the Dispute: Customer v. Member REPRESENTATION OF PARTIES Claimant Kathleen Wehner ("Wehner") hereinafter referred to as "Claimant": Robert S. Moraff, Esq., Robert S. Moraff, P.C., Wayne, NJ. Respondent Morgan S