Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimant C.^e Number: 01-04000 Denny A. Brown Name of the Respondents) Hearing Site: Washington, D.C. Janney Montgomery Scott, LLC Murray Carter REPRESENTATION OF PARTTFS Claimant, Denny A. Brown, hereinafter referred to as "Claimant", was represented by Judy K. Smith, Esq., Attorney at Law, College Park, Maryland. Respondents, Janney Montgomery Scott, LLC ("

New York Stock Exchange In the Matter of Arbitration Between NYSE Case: Charles Schwab & Company, Inc. vs. Rakesh Wahl. MD f " —1 Attorneys: For Claimant(s): Richard A. Karoly Esq. - San Francisco, CA For Respondent(s): Vicki Kuftk: Home Esq. - Pittsburgh, PA Date Filed: 02/17/1999 First Scheduled: 05/19/1999 Decided: 05/22/2000 Case Summary: Member Firm vs. Customer seeking to recover Respondent'sdebit account balance allegedly

New York Stock Exchange In the Matter of Arbitration Between NYSE Case: Bear Stearns & Co.. Inc. vs. Stuart and Deborah Lauren Kaufman Attorneys: For Claimantls): Ronald Shindler Esq. - Miami, FL For Respondent(s): C. Philip Campbell Esq. - Tampa, FL Date Filed: 02/12/1999 First Scheduled: 07/07/1999 Decided: 03/08/2000 Case Summary: Member Finn vs. Customers alleging Respondents reneged on the sale of 60,000 shares of Inktomi stock. /\s

New York Stock Exchange In the Matter of Arbitration Between NYSE Case: Daniel A. Trznadel v. Lehman Brothers, Inc. Attorneys: For Claimant(s): Garrett L. Gray Esq - New York. NY For Respondent(s): William Oishan Esq. - New York, NY Date Filed: oi/26/i999 First Scheduled: 07/i4/i999 Decided: 4-4-2000 Case Summary: Daniel Trznadel, a former associate in the investment banking division of Lehman Brothers, alleges the fimri wrongfully r

*NYSE New York Stodc ExdungiE &L ijie Matter of Arbitmifm Between Cass: Karl Yon Eiizen v. Menill Lyndi, Piercse, Fenner & Smith, Inc. and Merrill Lyndi 6r Ca.» loc Dodcet Kun^ber. 2004-0X5805 AROBieye For OaimantCs); Kevin Lore - Coral GaUes, FL For Bespandent(s}: Bonnie Ahro - New York. Ni r$ai»Klab 11/2/2004 f^Sdiednled.- 01/12/2005 Dedded: Case SdaunaxT: Customer daimant aUeges breadu of contract, &ilure to comply with diveisit/

New York Stock Exchange In tbe Matter of Arbitratioii Between y NYSE Case: Michad ChakHn v vutteitiouse Securities, inc. Attomeyc: For Clairttont(B): Steven B. Camso Eiq. - New Vorfc. NY Per RespondenKs): Uam O'Brien Esq. - New York, NY 'M Date Filed: oe/02ACOi First Scheduled: 12/11/2001 Decided: c32- Case Summery: Cuslamer against member flnn ftx unsuiteble naigin purchssas, chuming. Product: Market: aaim Data

.ew York Stock Exchange In the Matter of Arbitration Between NYSE Case: Robert J. Ljebenson v. Sakimon Smith Bamey Inc. Attomeys: For Cisimantts): Jefli«y L Liddle Esq. - New Yoilc, NY For Rsspandsnt(s): MarelB S. MIniz Esq. - New York, NY Date Filed: 03/05ns99 First Scheduled: oasi/isss Decided: 05/24/2002 Case Summary: Claimant, a registerad representative, alleges breach of contract, fraud, negligent iriisrepiesenBtion, defamsiion, vi

New York Stock Exchange In the Matter of Arbitration Between NYSE Case: Mesirow Financial, Inc. v Keith Mills Attorneys: Fair Claimants): Randall Miller Esq. - Chicago, IL For Respondent(s): Keith Mills - Delray Beach, FL ': 3~|TY1?T Date Filed: 12/16/1998 First Scheduled: Decided: Case Summary: Memberfirm againstfomner registered representetivefor breach of a settlement agreemenL Product: Maricet: Claim Data Claim: $

New York Stock Exchange In the Matter of Arbitration Between NYSE Case: Charies Schwab & Company Inc. v. Erwin Tonch and Bartiara Tonch Attomeys: For Claimants): Rk:haTd A Karaly Esq. - San Francisco, CA For RespondentCs): Anthony V. Trogan Esq. - Bingham Fanns, Ml Date Filed: 12/15/1998 First Scheduled: 07/15/1999 Decided: 08/02/1999 Case Summary: Claimant, a member firm, has alleged that respondentowes money as a result of a feQure to

New York Stock Exchange In the Matter of Arbitration Between NYSE Case: Jardy S. Jones v. Paul T. Lebel and Gmntel & Company Attomeys: For Claimant(s): Jaidy S. Jones-Chama, NM For Respondant(s): Peter Vaughan Esq. - New Yori(. NY Date Filed: 12/21/1998 Case Summary: First Scheduled: 06/18/1999 Decided: Claixriant «d.Ieges ttnisuitable and vmauthorized traiding on Product: OTHER 06/18/1999 margin. Market: NYSE Cla