N.A.S.D. AWARD NA'nONAL ASSOCIA'nON OF SECURITIES DEALERS In the Matter of the Arbitration Between Douglas B. Misantoni 94-03152 NameofResDondentfg^ D. Blech & Co DavidABlech REPRESENTATION \ For Claunant, Douglas Misantoni ("Misantoni"): Lloyd R. Sdiwed, Esq. of Heitz, Schram & Saretsky, P.C. in West Palm Beach, Florida. For Reqxmdrats, D. Blech & Co., Inc. ("DBCI") and David Blech ("Blech"): L. Van Stillman, Esq: of the Law Off

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Wendy L. Clark and Reino F. Clark 94-03151 Name of Respondents A.G. Edwards & Sons, Inc.; Mark G. May For Claimants: Wendy L. Clark and Reino F. Clark ("Clark") appeared pro se. For Respondents: A.G. Edwards & Sons, Inc. ("A.G. Edwards") and Mark G. May ("May") were represented by William S. Port, Esq. of A.G. Edwards & Sons,

NASD. AWARD NATIONAL ASSOCUTION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Arthur E. Rochau, Trustee of the Arthur E. Rochau Trust No. 1 dated 6/6/90 94-03147 Hanover, Steriing & Co., Ltd. Boris Poleschuk Paul S. Medaglia CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on August 8, 1994, Claimant, Arthur E. Rochau, Trustee of the Arthur E. Rochau Trust No. 1 dat

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Franklin D. and Barbara S. Ellis 94-03685 Name of Respondents Merrill Lynch, Pierce, Fenner & Smith, Inc. Cecil C. Loyd, m Kevin Daly CASE SUMMARY Claimants Franklin D. and Baibara S. Ellis, who appeared Pro Se, alleged that alleged Respondents Merrill Lynch, Pierce, Fenner & Smith, Inc., Cecil C. Loyd, m and Kevm Daly

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITTFii DEALERS. INH In the matter of the Arbitration Between Name of Claimants Wallace and Barbara Ferentz, Co-Trustees FBO Ferentz Family Trust NASD Arbitration No. 94-03680 Name pf Respondents Gene Morgan Financial, Gene R. Morgan, Clifton Investment Company and Roger J. Clifton For Claimants: REPRESENTATION Edward Russey, Esq. Law Offices of Jeff Dennis Ferentz Newport Beach, Califomia

N.A.S.D. AWARD NA-nONAL ASSOCIA'nON OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Robert Leland 94-03674 M. Rimson & Co., Inc. Igor Shekhtman REPRESENTA-nON For Claimant Robert Leland ("Leland") appeared Michael E. ScuUin, Esq. of the law firm Monteverde & Hemphill located in Philadelphia, Pennsylvania. For Respondents M. Rimson & Co. ("Rimson") and Igor Shekhtman ("Shekhtman") appeared Leon B. Lipkin, E

Amended Award NASD Dispute Resolution In the Matter of the Arbitration Between: Lillian A. Strang, Trustee of the Lillian A. Strong 1994 Trust U/A dated August 22,1994, Claimant v. PaineWebber, Inc. n/k/a UBS PaineWebber, Inc., First Union Securities, Inc. and Glenn J. Fama, Respondents Case Number: 01-05146 Hearing Site: San Francisco, California REPRESENTATION OF PARTIES For Claimant: Anthony M. Englese, Esq. Law Offices of Anthony M. Englese

N.A.S.D. AWARD NATIONAL ASSOCIA'nON OF SECURIHES DEALERS .> In the Matter of the Arbitration Between Nancy Rosenbaum as Trustee of her IRA and of the Nan^ Rosenbaum Revocable Trust Prudential Securities, Inc. Ronald Walcrstein 94-03670 For Qaimant Nancy Rosenbaum Trustee of the Nancy Rosenbaum IRA and N. Rosenbaum lYust appeared Mare J. Ross Esq. of Bernstein & Wasserman, New York Chy, New York. For Respondents Prudential Securities

NASD AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between William D. Smith, Claimant, Lowell D. Friend, and Edward D. Jones & Co., Respondents. No. 94-03669 REPRESENTATION OF PARTIES William D. Smith ("Claimant") was represented by Rhonda W. Harris, Esq., Memphis, Tennessee. Lowell D. Friend ("Friend") and Edward D. Jones & Co. ("EDJ") Qointly referred to as "Respondents") were represented by He

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Theodore Keaton 94-03665 Name of Respondents Smith Barney Shearson, Inc. n/k/a Smith Barney, Inc. CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on September 8, 1994, Claimant Theodore Keaton, who appeared Pro Se, alleged that Respondent Smith Barney Shearson, Inc. n/k/a Smith Barney