Award NASD Dispute Resolution In the Matter of the Arbitration Between: Jeff Fiedler, Claimant v. Morgan Stanley Dean Witter, Inc., Respondent Case Number: 01-05642 Hearing Site: San Diego, California REPRESENTATION OF PARTIES For Claimant: For Respondent: G. Mark Brewer, Esq. Brewer & Carlson, LLP La Jo Ha. California Christine A. Kendrick, Esq. Morgan Stanley Dean Witter, Inc. San Francisco, California CASE INFORMATION

In the Matter of the Arbitration Between: Thomas Trobiano, Sr. and Dorothy Trobiano, (Claimants) vs. First Montauk Securities Corp., Carlos A. Garceran, and Schroder & Co., Inc., (Respondents) Case Number: 00-01464 Hearin£_Site: New York, New York Claimants, Thomas Trobiano, Sr. and Dorothy Trobiano, hereinafter collectively referred to as "Claimants": David M. Sobel, Esq., The Goldstein Law Group, P.C., New York, NY. Respondents, First Montauk Securities Corp.

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between Names of Claimants Robert Jackson and Laura Ziegler Case No. 00-00154 Hearing Site: Boca Raton, Florida Names of Respondents John R. Byrne Gregory S. Baird NationsBanc Investments, Inc. John J. McKenna Charles Perry Holland REPRESENTATION OF PARTIES For Robert Jackson and Laura Ziegler ("Zieglers") hereinafter collectively referred to as "Claimants"

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Sutro & Co., Incorporated, Claimant v. Thomas F. Gallaher, Respondent Case Number: 01-05635 Hearing Site: San Francisco, California REPRESENTATION OF PARTIES For Claimant: Allison C. Templeton, Esq. San Francisco, California For Respondent: Thomas F. Gallaher Tiburon, California CASE INFORMATION Statement of Claim filed on or about: October 19, 2001 Claimant Sutro &

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Donna E. Sundquist, TTEE, The Donna Sundquist Living Trust, Claimant v. WM Financial Services, Inc. and Dawn Elizabeth Torres, Respondents Case Number: 01-05632 Hearing Site: Los Angeles, California REPRESENTATION OF PARTIES For Claimant: Arthur S. Leider Investors Arbitration Specialists, Inc. San Diego, California For Respondents: Richard B. Davis, Esq. Washington Mutu

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name nf the Claimant Esther E. Clokey Case Number: 01-05631 Names of the Respondents Morgan Stanley Dean Witter Inc. James C. Williams Rearing Site: Washington, B.C. RF.PKF.SF.NTATTON OF PARTIES Claimant, Esther E. Clokey ("Clokey"), hereinafter referred to as "Claimant", was represented by Nelson Deckelbaum, Esq. and Jason W. Henderson, Esq., Deckelbaum,

NASD Regulation, Inc. Omcc of DIkpule RcMludon VA E-oac S^••t" SeUi ftso: * *rt¥i 'ok *.C 1C3iJ4-;-S j - ii J-^L-5-**» • r-iik j-7 AM^SPP N.A.S.D. RGGLLATION AWARD NA'ilONAL ASSQClATrON OF SKCCRITIKS DEALERS REGI.I.ATION. INC. C'ASF.-. 9»-U338(» Sevriuiur Kerzer. claimani vs. Robert Mouailcn. VTR Capiuij Irii:.. and Bear Stearns Securities. Corp.. icspondcnts. AITORNnVS: Claimant Seyiiumr Kerzer appeared Pro Se.. Boynton Beach. FL. hor Ropondcrit Bea

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name nf thft Claimant James J. Schaming Namft nf the. Responrtent Parker/Hunter Incorporated agfi Number 01-05630 Hearing Site: Pittsburgh, Pennsylvania RF.PRF.SFNTATTON OF PARTIES Claimant James J. Schaming, hereinafter referred to as "Claimant", was represented by Patrick Sorek, Esq., Law Offices of Patrick Sorek, Pittsburgh, Pennsylvania. Respondent Parker/Hunter

NASD REQULATION, INC. AWARD Office of Dispute Resolution In the Matter of the Arbrtratlon Between Mama of Claimant Kerrean L. Salter, Esq. Nam^ of ResDondenta Michael S. Nabi Robert F, Kuhling Case No. 96-04643 HEPHgfieMrrATOii OF PARTIES For Claimant Lawrence L Klayman, Esq. of the law firm of Lawrence L Klayman, P.A., Boca Raton, Rorida. For Respondent Robert F, Kuhling: Brian D. Ellas, Esq. of the law firm of Fowler. White, Burnett

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECLTWTIES DEALERS in the Matter of the Arbitration Between Name of Claimant Donald W. Michlin 94-05443 Names of Respondenis D. Blcch&Co., Inc. David Blech REPRESENTATION For Claimant, Donald W. Michlin ("Michlin"): Michael E. Wargo, Esq. of Rutherford. Mincriey & MuIhalK Boca Ratun, Florida. For Respondent. D. Blech & Co., Inc. ("DBC"): L. Van Stillman. Esq., Boca Raton. Florida. For Respondent, Dav