Award NASD Dispute Resolution COPY In the Matter of the Arbitration Between: Barbara T. Morseth and Barbara T. Morseth. IRA. Claimants v. Steve W. Panter, Veritrust Financial, LLC f7k/a Aragon Financial Services, Inc. and Aragon Financial Services, Inc., Respondents Case Number: 03-06830 Hearing Site: Portland, Oregon Nature of the Dispute: Customer v. Associated Person and Members REPRESENTATION OF PARTIES For Claimants: For Respondents

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimant Jonathan Joseph Clements Case Number- 03-06829 Name of the Respondents Stifel, Nicolaus & Co., Inc., Century Securities Associates, Inc. and Andre Peter Faron Hearing Site- St. Louis, Missouri MATI IPF OF ITF Customer vs. Member Firms and Associated Person RFPRFMTATinM David Kreuter, Esq. of the law firm Kreuter & Gordon, P.C., locate

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name nf the Claimant Casa Nirniter 03-06823 Yvonne Smith Names nf the Respondents Hearing Site* Philadelphia, PA Debra Barker, Morgan Stanley n/k/a Morgan Stanley DW, Inc., Bruce Noll Williams, John P. Caven, PatKlocand Compliance Officers Nature of the Dispute: Customer vs. Member, Associated Persons and Non-Members REPRESENTATION OF PARTTFS Claimant, Yvonne

Award NASD Dispute Resolution In the Matter of the Arbitration Between: E*Trade Securities, LLC (Claimant) v. Shan Shakil (Respondent) Case Number: 03-06822 Hearing Site: New York, New York Nature of the Dispute: Member v. Customer. REPRESENTATION OF PARTIES Claimant E*Trade Securities, LLC ("E*Trade") hereinafter referred to as "Claimant": JohnBersin, Esq., E*Trade Securities, LLC, Rancho Cordova, CA. Respondent Shan Shakil ("Shakil") hereinafter r

AWARD NASD Regulation, Inc. In the Matter of the Arbitration Between Name of Claimant Peter G. Frederickson Trust and 97-03803 Name of Respondent Coma Company Coma Securities, Inc. Christopher Coma REPRESENTATION OF PARTIES Peter G. Frederickson Trust ("Claimant") was represented by Earle R. Frost, Jr., Esq., Frost & Danchak, Columbus, Ohio. Coma Company ("Respondent Coma Co."), Coma Securities, Inc. ("Respondent Coraa Sec") and C

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimant Case Number: 03-06821 Pan-American Financial Advisers Name of the Respondent Hearing Site: New Orleans, LA Thomas Wayne McLain Nature of the Dispute: Member vs. Associated Person. REPRESENTATION OF PARTIES For Pan-American Financial Advisers ("PAFA"), hereinafter referred to as "Claimant": Daniel LaGrone, Counsel, PAPA, New Orleans, LA. Thomas Wayne

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Names of the Claimants Case Number: 03-06820 Alveno Pereiro and Joyce Pereiro, individually and on behalf of their IRA Accounts Name of the Respondent Hearing Site: Tampa, Florida Morgan Stanley Dean Witter Nature of the Dispute: Customer vs. Member. REPRESENTATION OF PARTIES For Alveno Pereiro and Joyce Pereiro, individually and on behalf of their IRA Accounts,

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Names of Claimants William and Joyce McNeely, Jointly, Individually and for their IRAs and Case Number: 03-06818 Hearing Site: Houston, Texas Names of Respondents Citigroup Global Markets, Inc., and George E. Russell NATURE OF DISPUTE Customers v. Member Firm and Associated Person REPRESENTATION OF PARTIES William and Joyce McNeely, Jointly, Individually and f

Sti]Hdafed-Award- NASD Dispute Resolution In the Matter of the Arbitration Between; Names of the Claimants Case Number: 03-06817 John A. Kivlen Margaret Anne Kivlen Names of the Respondents Hearing Site: Tampa, Florida Morgan Stanley DW Inc. Alan Kinney REPRESENTATION OF PARTIES For John A. Kivlen and Margaret Anne Kivlen, hereinafter collectively referred to as "Claimants": E. Pomeroy Williams, Esq. and Corinne E. Anderson, Esq., Bouhan,

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Ross E. Pell (Claimant) v. Morgan Stanley DW, Inc. and Robert Spina (Respondents) Case Number: 03-06811 Hearing Site: New York, New York Nature of the Dispute: Customer v. Member and Associated Person. REPRESENTATION OF PARTIES Claimant Ross E. Pell ("Pell") hereinafter referred to as "Claimant": Anthony M. Abraham, Esq., New York, NY. Respondents Morgan Stanley DW, I