Stipulated Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between Name Molly Koupal Scoval Case No. 00-01500 INVEST Financial Corp.; Gary L. Collier; First American National Bank; and Robert R. Blagojevich aring Site: Nashville, Tennessee HTT PAPTTF. Claimant: Molly Koupal Scovel (hereinafter referred to as " Ms. Scovel" or "Claimant'*), represented by Kenneth R. Jones, Jr., The Jones Law Firm, PLC, Nashville,

STIPULATED AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Names of Claimants Erma Taylor, Individually and as Beneficiary of the Estate of Roy Taylor under Texas Probate Code § 89(c) and Case Number: 03-06963 Hearing Site: Houston, Texas Names of Respondents Merrill Lynch Pierce Fenner& Smith, Inc., and Sally L. Kline NATURE OF DISPUTE Customers v. Member Firm and Associated Person REPRESENTATION OF PARTIE

r Award NASD Dispute Resolution In the Matter of the Arbitration Between: nf thp Claimant Pagf. Nnmfrftr- 03-06962 Mike Shurbet p. nf the Kespnnffents Hearing Site* Albuquerque, New Mexico Western International Securities, Inc. and Ronny D. Bradley \TATTTRF O Customer vs. Member Firm and Associated Person i i , i OF Paul N. Young, of Securities Arbitration Group, Inc., located in Los Angeles, California represented Cl

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Names of Claimants Linda Galayda and 7-7 Family Limited Family Partnership vs. Case Number: 03-06961 Hearing Site: Houston, Texas Names of Respondents Merrill Lynch, Pierce, Fenner & Smith, Inc., Mark E. Reichek and Mark B. Gladstein NATURE QF CASE Customers vs. Member Firm and Associated Persons REPRESENTATION QF PARTIES Linda Galayda and 7-7 Fami

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between ' Name of Claimant/Counterclaim Respondent David R. Friedman and 03-06959 Chicago, Illinois Name of Respondent/Counterclaim Claimant Certes Capital Securities, LLC Nature of the Dispute: Associated Person vs. Member. ( REPRESENTATION OF PARTIES Claimant/Counterclaim Respondent David R. Friedman, ("Claimant/Counterclaim Respondent"), or, ("Friedman")* was represent

Award NASD Dispute Resolution In the Matter of the Arbitration Between: David Lebovitz and Abraham B. Paskesz (Claimants) v. Metropolitan Life Insurance Company (Respondent) Case Number: 03-06952 Hearing Site: New York City, New York Nature of the Dispute: Associated Persons v. Member REPRESENTATION OF PARTIES Claimants David Lebovitz ("Lebovitz") and Abraham B. Paskesz ("Paskesz"), hereinafter collectively referred to as ("Claimants"): Steven G. St

Award NASD Dispute Resolution In the Matter of the Aibitration Between: NaTn^ftftViffriflimante PawNiimhw Ql -04488 Marc and Maila Alaia Nnmft nf ttw PpgpnnHentg Hftwring Rite- Pittsburgh, PA Merrill Lynch, Pierce, Fenner & Smith, Incorporated Jack Cully Timothy P. Miller Nature of the Dispute: Customer vs. Member and Associated Persons. RFPRFSFNTATTON OF PAPTTffig Claimants, Marc and Maria Alaia, hereinafter collectively referred to as "

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimants JAD Holdings LLC and James W. Davis and Alice I. Davis Trust a/k/a Davis Family Trust Dtd 1989, James W. Davis and Alice I. Davis, Trustees and 03-06951 Phoenix, Arizona Name of Respondents Financial Network Investment Corp. Nature of the Dispute: Customer vs. Member. REPRESENTATION OF PARTIES JAD Holdings LLC and James W. Davis and Alice I. Davi

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 03-06949 M. Elizabeth Payne, Claimant v. Merrill Lynch, Pierce, Fenner & Smith, Inc., Respondent ATTORNEYS: For Claimant M. Elizabeth Payne ("Claimant") appeared Wm. Jemison Minis, Jr., Esq., of the firm Levin, Papantonio, Thomas, Mitchell, Echsner & Proctor, P.A., Pensacola, FL. For Respondent Merrill Lynch, Pierce, Fenner & Smith, Inc. ("Respondent") appeared Julie L. Wilson, Esq., of the fir

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Raymond James Financial Services, Inc., (Claimant) v. Francis Patrick Gemino, Stanley L. Minch, and Igor Chernyak (Respondents) Case Number: 03-06948 Hearing Site: New York, New York Nature of the Dispute: Member vs. Associated Persons REPRESENTATION OF PARTIES Claimant Raymond James Financial Services, Inc. ("Raymond James") hereinafter referred to as "Claimant": Michael Schwar