N.A.S.D. AWARD NATIONAL ASSOCIATICN OF SECURITIES DEALERS, INC. In tte Matter of tte Arbitration Between Name of Claimant Raymond, James & Associates, Inc. 90-02930 Name of RestxMvtom- Terry R. Donnelly For Claimant: Kevin A. Carreno, Esq. Ite Respondent did not retain counsel. casE TSBcagKFnx statement of Claim filed: October 16, 1990. Claimant's Subnission Agreement signed on: October 10, 1990. The Respondent did not execute a

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter cf the Arbitration Between Emil Serb 3eraidine Serb JT^'JROS Claimants AWARD vs. MASD MO. ?0-02' Michael Roqers Respondent REPRESENTATION Claimants vere represented by William R. .^.aoooort, Zsa. , ."" Bovet Road, Ste. 500, San .Mateo, CA 94402 and^ resoondent bv 3urton M. Senkfor, Esq., 1250 Sixth Street, Suite 401, Santa Monica, CA ?0401. syMWARY OF FACTS

...-...: .-••trtru- lailacnan _-.c: .. ..-_i ... :^.:..;crnai:, T-.7C3 .--SC .-.rritr^.tion rto. '-lo-iy2708 rnneov, .iux: •jawgaananoi :r .-.sstc-cent: :-eorc5 I'.ucper, Zza. "Ag^ rwwrmwfPTfn ".ct3T!ent ."I ~'.~• T! ii_jcii irtcrer .1?0 ...iimant 3 iucmission .-jccreeniBnt signea cv .'nstir. J. Jailaanan ..-: ..j;e . . 1?9C ana by John :i. :.2ilaqnan cn Septemoer 11, .."•PO iiatement cf .^^nswer :ilea cv .='ssDonaent,:-:enneav, Jaoot i Ic. ..-.

N.A.S.D. .;y«JARD lariONAL ASSOCIATiai OF SECURITIES CEALERS :.- the :-!atter of t.he Arbitration 5eo?een :teme of ClaimantfS) John and Judith Purzycki Name of Re?prnrfen^(°) Shearson Lehman Hutton, Inc. Michael Frew 90-02607 ;^:HVO>J'>C< W'^WM(». For Claimant: Anthony M, cytglese, Eeq. for .Respondent: Cameron Stout, Esq. Statement of Claim filed: Septemter 17,1990. Jiaimants Submission Agreement signed on: ^Jove^t)er CO, 1390 St

NATIONAL ASSOCIATION OF SECURITIES DEALERS. INC. James T. Conway Claimant vs, AWARD #90-02248 Theodore Rubin First Fidelity Capital Corp. Donald H. Caban Respondents Heard Before: Robert Seaman Public Arbitrator CASE SUMMARY Claimant, James T. Conway ("JTC"), alleged that Respondent, Donald H. Caban ("DHC"), phoned and told him about a new issue called Resource Network International Inc. ("RNII"). Claimant stated he a

•* .:.A.S.D. .^MARD MATICNAL ASSOCIATICM OF SECLIUriZS CSALERS In t.Te .^latter of tte Arbitraticr. 3er-een H.W. Kane Oean witter aqpaoids, inc. Sears & Roebuck Co. Seare Financial NetHock Sears Liquid Asset Fund, : Jote Wallace 90-02106 ror Claimant: Donald McKay, _jq. "or Respondent! Jay M. Cutler, Isc. Statement of Claim filed: -"viLy ._, 1990 Claimant s Submission Agreanent signed on: March 24, 1989 Joint Statement of Ans

N.A.S.D. AHARD NATZCNAL ASSOCIKTIGN OF SECURITIES DEAI£RS In tte Matter of tte Azbitration Between NtamB of nai^nrr^^ William NBMport 90-02144 Irtvest Financial Carp. ISFA Gozp. Brian DeCanf) Dime Savings Bank of New York For Claimantx Mitchell C. Green, Esq. For Respondent: Eugene B. Kazper, Esq. Statanent of Claim filed: August 7, 199C Claimant's Submission Agreement signed onx JUly 6, 1990 Joint Statement of Answer filed by Re

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter cf laie AroitraLLon Between :^ary Scctt Zlaimanc .-.WARD vs. :iASD =90-02031 Black & Company, I.nc. ana George Scherzer ResDondents REPRESENTATION Ciairnant -./as rnprssen.Gd by ^:. .^^obf?—" ^'~il. "sq. , :3f Stcil Stoil, Berne & Lokting. Respondents were representeo by Barr.s H. Ellis, Esq., :;n Stoii, Rives, Boiey, Jones i 3rey. SUMMARY OF ISSUES Th

N.A.S.D. ANAR D NAnCNAL ASSQCIiOlCN OF SECURITIES DEAI£RS In tte Hatter of tte Azbitration Between Nathaniel B. Kuznick TTEE 90-02083 Bateroan Eichler,i Patrick DlGlaooRD Richards,Inc. For Claimant: Jeff Dennis Ferentz, Esq. of Grconbaun and Feceritz For Respondents: Craig B. Jorgeneen, Esq. of Kindel and Anderson Statonant of Claim filed: July 27, 1990 Claimant's Submission Agzeensnt signed on: Fdbocuazy 1, 1991 Statement of Anewer

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Jeff J. Kudla, individually and on behalf of the Jeff J. Kudla SEP IRA, Stanley Kudla, individually and on behalf of the Stanley Kudla IRA, Jon Kudla, an individual, Karen Kudla IRA, Kelly S. Kudla IRA, and Kirra, Jordan, Kayla Kudla, Claimants v. Raymond James Financial Services, Inc., Josephthal & Co., Inc., Michael Fasciglione, and Bryan G. Patrice, Respondents Case Number: 01-04