New York Stock Exchange In the Matter of Arbitration Between NYSE Case: dig Frtodman. Sunn Friedman A Ectomrd Friedman v Smith Bamey Haris a Upham and Pnidantial Bache and Soott capuio Attorneys: hrCWiMniM: RwKiay Hantoy Eaq. - W. Patot BaM:h. FL For RsapDndaiti^): Morgwi W. Bentiey EM). - Newark, NJ Bennett Falk Eiq. - Mami. FL Edward G. Turwi Esq. - New York, NY Date Filed: oi/2S«i First Schaduied: 03/24/9i Deckied: 12A)7/D2 Ca

New York Stock Exchange In the Matter of Arbitration Between NYSE Case: Elizabeth McDoweH vs. Smith Barney Harris & Upham Attorneys: For Claimant(8): Carl I. Kaminsky Esq. - New York, NY For Respondent(8): Larry H. Irom Esq. - New York, NY Date Filed: io/04/gi First Scheduled: 03/11/92 Decided: 06/I6/92 Case Summary: customer vs. Member Firni altoging unsultabto and unauthorized transacttons, churning, breach of fkluotory duty and failur

New York Stock Exchange In the Matter of Arbitration Between NYSE Case: Richard J. Rynn v KkMer, Peabody & Co., Inc. Attorneys,: For Clatowuit(s): Shekion E. Goldstein P.C. - New York, NY Fbr Respondent(s): Rtohard Kelly Esq. - New York. NY Date Filed: 09/04/91 First Scheduled: O8/18/92 Decided; 09/17/92 Case Summary: Clalmam established positions in Strkie Ride Corp. options. Ctoimant attempted to sell some of the calls but was informed

r r New York Stock Exchange In the Matter of Arbitration Between NYSE Case: Harry Corson v Shearson Lahman Brottwr and Tarry CBrian Attorneys: For Ctafaninl(t): Harry Corson - Saaltia, WA For naipondont(s): Theodore Krebsbach > New York. NY Tarry CBrton - New Yorit, NY Date Fiied: 09n3/9i Rrst Scheduled: 01/17/92 Case Summary: Claimant altoges tiiat Respondent disobeyed his trwltog ordon i.e. rwultingtoatosof$5.131. Produ

New York Stock Exdiange In the Matter of Arbitration Between Case: Legg Mason Wood Walker Inc. V. John P. Hoefltog NYSE Attomeys: Fer rtolBiaiti(^i John R. GBrw Esq. - Baltimore, MD For RiipoiidsniM: John P. Hoalina > Fafli Church, VA Date Filed: 080091 First Scheduled: OJOBM Deckjed: 7^28-92 Case Summary: Member Flmi V. Curiamw - Ctotoiant alagw tint le^wndent has taM to p^ debit batonce to Cash Recane Manageinant Aooount resiiktog

New York Stock Exchange In the Matter of Arbitration Between y NYSE Case: Frank Competielto and Eleanor Fatoone Competielto v McLaughlin, Piven, Vogel Securities Inc.; U.S. Clearing Corp Inc.; and Anttiony McGee Attorneys: For Clatoiant(s): Joseph F. Keenan Esq. - New Yoric, NY For Respondent(s): Thomas English - New Yori(, NY Anthony MoGee - Chtoago, IL Rtohard E. Orie - New Yorit, NY Date Filed: 09/06/91 First Scheduled: 03/10/92

New York Stock Exchange NYSE In the Matter of Arbitration Between Case: noger Krtote vs. Frank Maratoano and Paine Webber, toe. Attorneys: For aabnant(B): Haivey J. Goldstein Esq. - Milwaukee, Wl For neeportdent(s): Ivan . Charkes Esq. - Wsahewken, NJ Date Filed: 08/14/91 First Scheduled: 05/20/92 Decided: , / 1^ Case Summary: Customer against member firm fOr loss caused by mlsreprasentation In connection with purchase of Eastern Atrtine stock.

New York Stock Exchange In the Matter of Arbitration Between y NYSE Case: Robert and Anna. Bariow vs. Oean Witter Reynokls, toe., Wiliam Smitti, Roy Sotomon Attorneys: For Clatonnl(s): Robert Bartow - Del Mar, CA For Respondent(s): Hallto Matson Esq. - San Francisco, CA Date Filed: 07/29/91 First Scheduled: 12/12/91 Decided: 12/12/92 Case Summary: customer against member firm and registered representatives for failure to timely trans

New York Stock Exchange NYSE in the Matter of Arbitration Between Case: Randall Umbs vs. Blunt, Ellis & Loewi, a Oiv. of Kemper Securities, Group, Inc., James Hayett & Gary Ford Attorneys: For Clainiant(s): Herbert L Usow Esq. - Milwaukee, Wl Fbr Respondent(s): Michael H. Schaalman Esq. • Milwaukee, Wl Date Filed: 09/20/91 First Scheduled: ^/^ < > /' ^ 0. Decided: 5"(2. / /7 3L Case Summary: Customer against former registered representative for

IN ARBITRATION Before NASD REGULATION, 1NC.-OISPUTE RESOLUTION DIVISION Expedited Arbitration Pursuant To §10335 Of The NASD Code Of Arbitration Procedure UBS PAINEWEBBER INC., Claimant, vs, JAMES J. ENGLAND and INVESTORS CAPITAL CORP., NASD Arbitration No. 01-04883 STIPULATED AWARD Respondents. Agreement The parties have settled their differences. All issues submitted for determination in this proceeding have been resolved b