New York Stock Exchange In the Matter of Arbitration Between NYSE Case: Daniel R. Randjelovich vs. Lehman Brothers and Frank Rocclsano Attorneys: For Clalmant(s): Ralph A. Gant Esq. - New Yori< . NY For Respondent(s): John C. Crowe Esq. - New York. NY Date Filed: 05/21/1998 First Scheduled: 10/02/1998 Decided: 10/30/1998 Case Summary: Customervs. Member Firm and Registered Rep alleging misrepresentetions about ttie riskiness of Investment

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Names of Claimants and Case Number: 01-04073 Hearing Site: Troy, Michigan Names of Respondents Merrill Lynch Pierce Fenner & Smith, Inc. Sean C. Jordan REPRESENTATION QF PARTIES Fazal Ahmad and Nasreen Ahmad ("Claimants") were represented by Ralph R. Safford, Esq., and Mary Ann Hart, Esq., Safford & Baker, PLLC, Bloomfield Hills, Michigan. Merrill Lynch Pierce Fenner

.< 7ew York Stock Exchange In the Matter of Arbitration Between NYSE Case: Daniel Pettiy and Cheryl Pettry v. Dean Wider Reynolds Ina and Byron E. Boothe. II. Attorneys: For Clalmant(s): Charles C. Mlhaiek Esq. - Lexington, KY For Respondeni(s): Denise H. McClefland Esq. - Lexington, KY James O. Yellen Esq. - New York, NY Date Filed: 12/30/1997 First Scheduled: 08A>4/1998 Decided: 10-26-1998 Case Summary: The customers atege that

New York Stock Exchange In the Matter of Arbitration Between NYSE Case: Bear Steams & Co., Inc. vs. Morgan Stanley Dean Witter & Co. Attorneys: For Claimant(s): Marc D. Fink Esq. - New York, NY For Respondent(s): Soo-Mi Lee Esq. - New York. NY Date Filed: 05/22/1998 First Scheduied: 09/28/1998 Decided: 09/28/1998 Case Summary: Member Fimi vs. Member Firm alleging a Registered Rep with Claimant firm stole money from customer accounts and

New York Stock Exchange In the Matter of Arbitration Between NYSE Case: Peter and DIanna Koziol v Jose Iglesias and WaterhouseSecurities, Inc. Attorneys: For Claimant(s): Peter and DIanna Koziol - Murray Hill, NJ For Responclent(s)'. Janis Campanella Esq. - New York, NY Date Filed: 05/04/1998 First Scheduled: 08/06/1998 Decided: 8/24/98 Case Summary: The customer alleges that he cancelled a sell order on the firm's intemet trading system

'ew York Stock Exchange In the Matter of Arbitration Between NYSE Case: Prudential Securittes Inc. v. Kenneth Kline Attomeys: For Claimant(s): Bruce J. Kahne Esq. - New Yoric, NY For Respondent(s): Steven R. Relninger Esq. - Miami, FL Date Filed: 05/01/1998 First Scheduled: io/i5/i998 Decided: 12/15/1998 Case Summary: Memberfirm cteimant alteges breach of emptoyment agreementand nonpaymentof promissory note. Product: PROMISSORY NOTE

New York Stock Exchange NYSE In the Matter of Arbitration Between Case: Eric MoskowHz v AG. Edwards Iw. Attorneys: For ClalnMiil(s): Eric C. MoskowRz - Merrick, NY For Ra«pandafit(s): Ctey L Grumke Esq. - St Loute, MO Date FHed: owrnsaa First Scheduled: 09^3/1998 Decided: 10^8/1998 Case Summary: Oalnwnt a puMc caatomar, alegos ihat them was a datay in oxecuUng hte oidertD sel expiring options. Product: OPT Market Claim Data A

.w York Stock Exchange In the Matter of Arbitration Between Case: Susan Sillman v. Salomon Smith Bamey Attorneys: For Claimant(s): Howanl SINerman Esq. - Bridgewater, CT For Reapondent(s): Edward Turan Esq. - New Yoric, NY Date Filed: 04/03/1996 First Scheduled: 06/09/1996 Case Summary: Customer against member firm tor failure to furnish an accounting. NYSE Decided: lyiJTi Product: Market: Claim Data Claim: $0.00

New York Stock Exchange In the Matter of Arbitration Between NYSE Case' Sarab Zavaieta ^ Smith Bamey, Inc Attomeys: For Claimant(s): Sarab Zavaieta - New Yori(, NY For Respondent(s): Ann Parry V.P. - New Yoric, NY Date Filed: 04/07/1998 First Scheduled: 07/i7/i99B Decided: 9/28/1998 Case Summary: Customer against member tirrn for misrepresentatten in connection with purchase of Broderbuno Software. Product: EQU Market: NASD

New York Stock Exchange In the Matter of Arbitration Between NYSE Case: Rena S. Lockwood vs. Merrill Lynch, Inc. Attorneys: For Claimant(s): Rena S. Lockwood - Danville. KY For Respondents): Christopher D Cavuoti Esq. - New Yori< , NY Date Filed: 04/03/1998 First Scheduled: 06/17/1998 Decided: 7-11-1998 Case Summary: The Claimant alteges that the fimfi recommended an unsuitable investment in the Hyperion 1997 Tenn Trust Product: M