Award NASD Regulatioii, Inc. In the Matter of the Arbitration Between Sheron F. Thomas Sigurd Hoyer-EUe^n Case No. 98-02963 l^ames of Respondents Gruntal & Co., L.L.C. Rees Ghennan Phillip Randall Semenick REPRESENTATION OF PARTIES For Claimants Sheron F. Thomas and Sigurd Hoyer-EIlefsen, hereinafter collectively referred to as "Claimants": Mitchell T. McRae, Esq., Boca Raton, Florida, For Respondents Gnmtal & Co., L.L.C. ("Gruntal")

STIPULATED AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Sean Guidry and Case Number: 01-05050 Hearing Site: Houston, Texas Names of Respondents Stephens, Inc., and Brent Yarbrough NATURE OF CASE Customer v. Member and Associated Person REPRESENTATION OF PARTIES Sean Guidry ("Claimant") was represented by Annette M. Henry, Esq., Houston, Texas. Stephens, Inc., ("Stephens") and Brent Yarbr

N.A.S.D. ANARD NKnmXL ASSQCXA3XCN OF SBCDRITZES DEAZSBS In tte Mattsr of tte Aabltzatlon Bet MOKwa Yoaig Mtaizeani xatfalssn 91-00612 Seeuzitias, Sac. Mitber BaynnldB, ms. and Pyk For daiiaanti 1003 For H. Pfls^Hn, Beq. of Taiaedga Fxli I, P.O. aCK 955, Mdklltao, Ml 98275 & Qitlar, 1 Madbuab Morgan Sacurities, Loe. ' Marie B. Baton, Esq., SBoadtiBB, Sto., 1000 miahixe Blvd., P.O. Boa 30014, , A 90030 18 Dsen N

N.A.S.D. .AWARD NACTTCNAL ASSOCXALTICH OF SECURITIES DEALERS In tte Matter of tte Arbitration BetweEi mf\ nf nninHntiini Rujean Feldnan Glikanan Securitiee Corp. Harry Glikanan 91-00494 For Claimant: Michael Paule, of Investors Arbitration Services For Reepondent Glikanan Securitiee Oorp.: Rosemary Shannon For Bespondent Harry GliJcaman: Alyse Glikamen Statenent of Claim filedt Februazy 14, 1991 Claimant's Subnission Agreaaant signed on

NJLS.D. NAbTOMAL ASSOClAfflCN GF SUJJRLTUS DBOSS In tte Hstter of tte Azbltzauw of I. Nail a Paula N. Turley 91-00439 of MedbuBh Morgea Saouzitiaa mc. agicb Secuzitiee, Ibe. J. Far daiasntat Stepfaan A. Zvaida, lAc. of Bright Zraoda a Dana, rfcimWi— City« Ftar Reeprwrienf NhftuBh Morgan Sacisltiss, Ine.: Mneia Baton, Baq. of Mbrgan Ssoadtias, Ibe., Los Angaisa, Califiamia. For Rsipcnfilanta London Zozlcb Seeuzitiea, Ibe. end Stosrt J

N.A.S.D. ANABD NAIia>;riL, r..oOClAIIGN OF SECURITIES C£AI£RS In ttie Mat^ier of the Arbitzation Between odrr.' L. Rosenblatt 91-00373 >&::::-:. _ Lynch, Pierce Fenner & anith Inc Sau'jr: -re Colunbus, NA For ClzU'-'-nzi Eleanor L. Blais, Esq. - Hazrigan, Ru£-J ';>der & Sbazdellati For RtispL7...c3nts: V. Jamss Mann, Esq. - Macrill Lyn;:: Pierce, Fenner and 9nith I.'-JC. Statement ci Claim filed: Febcuary 5, 1991 daimanca suteission Agze

^r.A.S.D. JUORD iOSiaiAL ASSOdaSTCK OF SBCDKZTXES DEALESS la cte Matter of tte Azisitzaticn Betwen Slgne M. Meodss V 91-00236 J. AleoaBder Securities, me. AiKtarewB. Maber Foe daisant: Olena P. Scott, Heg. of Avamie, Suite 300, Lee Angelas, A 90071 Itoss & Scott, 520 South Grand For Ssepcndaitsi Ralph B. Pstzy, IIZ, Eeq. of Graven Petzy Block Brody & Quails, 523 TCMt Sixth Street, Suite 1130, Pacific Mitual Building, Loa Alleles, CA 9001

N.A.S.D. ASOBD NATICiaL ASSQClAntS CF SBCDB^^ES nia>Tf!PP m tbe Matter of the Axbitzatlon Edalatpour Medical Corp. RetlraBsat Fund 91-00132 of JtBrr""*^*-*'} nnxlaitial-BBebe Secuzities mc. t, Jt, For daiaant: lAzk S. Flynn, Esq. and JBBM G. Kay, Esq. of mtan and TUdosr For RsapoDdaott Ttaxy Ross, Esq. of Xeesal, Ybong and Logsn StatanKb of Claim filedt Anazy^ 10,, 1991 Claiaant's Suladssiaa Agtenaeot signed cat FAzuary 14, 1991

M.A.3.D. AWAR D MATICNAL ASSXIATICN OF SECURITIES DEALERS I.i zrs Matter cf 'zive Arbitracicn =ec*«en" Richard M. Berionan 50-03293 :tame of Remondenrfsi Dean Witter Reynolds, Inc. .^an Whit3nan Claimant 'was represented by Michael L. Paule. .-Responoents were repre:3eiii:ed by ViencY ^- I^obinscn. nwRfinawHT This matter •'ma i.iitiatea '=y a Stateroent ct Claim ziied with -i'^ National Association of Securities' Dealers, Inc

N.A.S.D. AHARD NAXICNKL ASSOCIATICN OF SECURITIES VEOFgS In the Matter of the Arbitration Bebweoi Ttrm nf n]nlinnpt(fi) Eric Paris Indiv., as cust. & as trustee 90-02996 ijBBjf nrvrnnnlFBtttai Bear Steams 6 Gcnciany Dean Fbr rAMimmmfM/rnyit'ftrii^^^vyrtitmtst Dovid N. Mahler of Mahler and Associates For Respondaits/Counterclaimants: Kurt A. Franke, Esq. of Keesal, Young and Logan Statement of CI aim filed: October 24, 1990 Amende