N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS. T/.C. In the matter of the Arbitration Between Name of Claimant Andrew Jacobson Name of Respondent Rocky Mountain Securities &. investments Inc. NASD Arbitration No. 94-03529 REPRESENTATION For Claimant: Claimant represented himself. For Respondent: Dennis A. Graham, Esq., Hopper & Kanouff, Denver, Colorado. CASE INFORMATION Statement of Claim filed: August 29, 1994 Claim

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Names of the Claimants Case Number: 01-05129 Norma Jean Beinhauer, individually Norma Jean Beinhauer, as Trustee and Beneficiary for the Beinhauer Family Trust dated 01/01/98 J. Steven Beinhauer, individually J. Steven Beinhauer, as Trustee and Beneficiary for the Beinhauer Family Trust dated 01/01/98 J. Steven Beinhauer, as successor Trustee and Beneficiary of the Beinh

N.A.S.D. ORDER ASSBSSIMQ FORTTM FEES NATIONAL ASSOCIATION OF SECURITIES DEALF.RS. IMC. In the matter of the Arbitration Between Name of Claimant: fa) Steinberg Family Trust NASD Arbitration No. 94-03524 Name of Respondentfs) Shearson Lehman Brothers, Inc. Eugene Field RBPRHSENTATTOK For Claimant: Steven M. Goldberg, Esq., McCambridge, Deixler, Marmaro & Goldberg, Los Angeles, California For Respondents: John P. Bevilacqua, Esq., Smit

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECVRITIES DEALERS In the Matter of Aztntralion Between Name of Claimant Kennetli S. Felix V. 94-03207 NprneofRMOondent Ctiarles A. Bowman REPRESENTATION For Claimant: Leon I. Kurland, Esq. from the law Hnn of Leon Kurland. P.A., Parsippany, NJ For KspaadM: Donald 3 Williamson, Bsq., of the law flnn of Williamson and Rehtll, Westwood, NJ CASEPCTttWMATTnM Statement of Claim filed: August IS, 1994

Award NASD Dispute Resolution In the Matter of the Arbitration Between: p nf fop r.lqjrpfWt P^QP )< f-nrnV)fir- 01 -OS 196 Robert Mclntyre p of the KfigpnnHp.nt Jfoaripg Sit.fi! Houston, Texas Merrill Lynch, Pierce Fenner & Smith, Inc., Claimant, Robert Mclntyre, hereinafter referred to as "Claimant": Annette M. Henry, Esq., located in Houston, Texas. Respondent Merrill Lynch, Pierce Fenner & Smith, Inc., ("Merrill Lynch"), hereinafter referred to

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name, of the Claimant Jay Savrin Name, nf the Respondents Janney Montgomery Scott LLC and James Kilbride Case Number: 01-05122 Hearing Site: Philadelphia, Pennsylvania RF.PRRSF.NTATTON OF PARTTFS Claimant Jay Savrin, trustee of the Diane Savrin Revocable Trust, hereinafter referred to as "Claimant" was represented by Benjamin L. Winderman, Attorney at Law, Philadelph

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Cindy Lou Thomas, (Claimant) vs. David Lerner Associates, Inc. and Richard Levy, (Respondents) Case Number: 01-05118 Hearing Site: New York, New York REPRESENTATION OF PARTIES Claimant, Cindy Lou Thomas, hereinafter referred to as "Claimant": Mitchell H. Cobert, Esq., a sole practitioner, Morristown, NJ. Respondents, David Lerner Associates, Inc. ("DLA") and Richard Levy ("Levy"

N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION In the Matter of the Arbitration Between Name of Claimant Cowen & Company 95^)5326 t^ame of Respondent Fred E. Balser REPRESENTATION Claimant Cowen & Co. ("Claimant") was represented by Peter Byer, Esq., Cowen & Co., New York, NY. Respondent Fred E. Balser ("Respondent") appeared ;7ro se. CASE INFORMATION The Statement of Claim was filed November 9, 1995.

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECLKITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Alex .Miksanyan 95-00840 Mitchell Frank REPRESENTATION For Claimant. Alex Aliksanyan ("Claimant"), appeared Anthony J. Ferrara, Esq. of the law firm of Polstein. Ferrara & Dwyer located in New York, New York. For Respondent, Mitchell Frank ("Respondent*), appeared Michael A. Saffer, Esq. of the law firm of Chapman. Henkorr, Kes

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Hatter of the Arbitration Between Barbara Braden Robert Senif£ Charles Hulse Claimants vs. CASE* 84-00147 AWARD P & I Equities, Inc. Robert w. Johnson Respondents CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on January 21, 1984, Claimants Barbara Braden, Robert Seniff and Charles Hulse alleged Respondents P & I Equities, Inc