New York Stock Exchange In the Matter of Arbitration Between NYSE Case: Daniel C. Mine and Dianne Mine vs. Cowen & Company and Karen Btendo Attorneys: For Claimants): Dantel C. Mine - New York, NY Fbr Respondents): Peter Byer Esq. - New York, NY Date Filed: 12/24/1996 First Scheduled: 04/01/1997 Decided: 06/27/1997 Case Summary: customers vs. Member Firm and Registered Rep aUegrng misrepresentattons and seeking damages for ttiree transac

y' New York Stock Exchange In the Matter of Arbitration Between NYSE Case: Olde Discount Corp. v Manrin H. Mersack and Elaine B. Mersack Attorneys: For Cteimanl(s): Steven D. Carby Esq. - Detroit. Ml Fbr Respondent(s): Man/In & Elaine Mersack - Port Washington, NY Date Filed: 11/29/1996 First Scheduled: Decided: Case Summary: Cteimant, a member firm, has alleged that respondent failed to pay for a debit balance In the account resulti

/ • / New York Stock Exchange In the Matter of Arbitration Between NYSE Case: Norman E. Danella vs. Olde Discount Corporatton Attorneys: For Cteimanrs): Philip J. Snyderburn Esq. - Winter Park, FL For Respondents): Ina N. otto Esq. - Detroit, Ml Date Fiied: 12/19/1996 First Sctieduled: 05/13/1997 Decided: 08/22/1997 Case Summary: customer vs. Member Firm alleging unsuitabte transactions and margin trading, chuming, self deali

New York Stock Exchange In the Matter of Arbitration Between NYSE Case: Bruce & Susan Roman v. Dave Cawtey & Olde Discount Corp. Attorneys: For Clainiant(s): Mark S. Keenheel Esq. - Phitedelphte, PA Fbr Respondents): DonaM P. Wray Jr. - Detroit, Ml Date Filed: 11/29/1996 First Scheduled: 05/20/1997 Decided: 7-16--1997 Case Summary: claimants allege that the registered representative indiicnri them to sell Bay Networks and purchase DS

New York Stock Exchange In the Matter of Arbitration Between NYSE Case: Smith Barney, Inc. v. Mark S. Raymond Attorneys: For Cteimant(s): Davkl B. Klafler Esq. - New York, NY Fbr Respondeni(s): Mark S. Raymond - Costa Mesa, CA Date Filed: 12/05/1996 First Sctieduled: 05/21/1997 Decided: 5/30/1997 Case Summary: Member firm against customer for failure to pay firm for check erroneously issued for sale of stock not owned by respondent.

Z ^ " New York Stock Exchange In the Matter of Arbitration Between NYSE Case: Prudential Securittes Inc. v. Neil Rook Attorneys: For Claimanl(s): /Vrthur Baumgartner Esq. - New York, NY Fbr Respondenl(s): Neil Rook - Setaukel, NY Date Filed: i2/i3/i996 First Sctieduled: 03/29/1997 Decided 05«)5/1997 Case Summary: Member firm against former registered representative for breach of contract, batence due on a promissory note, $20

New York Stock Exchange In the Matter of Arbitration Between NYSE Case: Rose Lopardj v. Dean Witter Reynokls, Inc. & Davki Calametti Attorneys: For Claimanl(s): Rosa Lopardi - Miami, FL For Raspondent(s): Debra A. Roth Esq. - New York, NY Date Filed: 12/02/1996 First Sctieduled: 06/10/1997 Decided: 6/13/97 Case Summary: Customer claimant alleges misrepresentatton regarding purchase of U.S. government securities trust. Product: OT

New York Stock Exchange In the Matter of Arbitration Between NYSE Case: Prudential Securities Incorporated v. Jonathan Bleier Attorneys: For Claimants): GaiY Saretsky - Blocmfield Hills, MI For Respondents): Jonathan Bleier - Aventura, FL Date Filed: I2A)3/1996 First Sctieduled: O6/12/1997 Case Summary: Member firm claimant alleges breach of emptoyment agreement and non agreements with respondent's clients. Product: OTHER Decided

Amended Final Order NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Kenneth Hoffman and Irene Hoffman, (Claimants) vs. GBI Capital Partners, Inc. and Nicholas W. Spampanato, (Respondents) Case Number: 01-04124 Hearing Site: Boston, Massachusetts REPRESENTATION OF PARTIES Claimants, Kenneth Hoffman ("K. Hoffman") and Irene Hoffman ("Hoffman"), hereinafter collectively referred to as "Claimants": Brad lacobs, Esq., Perkins, Smith &

New York Stock Exchange In the Matter of Arbitration Between NYSE Case: Pmdential Securities Incorporated v. Craig A. Statler Attorneys: For Clainanl(s): Steven P. Gomberg Esq. - Chtoago, IL Fbr RespondanHs): Davto E. Robbins Esq. - New Yoric, NY Date Filed: 12/03/1996 First Sctieduled: 04/24/1997 Decided: 9/26/97 Case Summary: Member firm claimant alteges breach of emptoyment agreement and non-payment of promissory note. Product: PR