New York Stock Exchange in the Matter of Arbitration Between NYSE Case: Susan Munzer v. Merrill Lynch Pierce Fenner & Smith, Inc. and Merrill Lynch & Co.,Inc. Attomeys: For Claimant(s): Kevin Love Esq. - Coral Gables, FL For Respondent(s): Frances Chlapowski Esq. - New York, NY 1^17^ Date Filed: 11/02/2001 First Scheduled: 03/07/2002 Decided: Case Summary: Claimant alleges that Merrill Lynch Pierce Fenner & Smith, Inc. and Merrill Ly

New York Stock Exchange In the Matter of Arbitration Between y NYSE Case: Thomas Turner v. Memll Lynch Pierce Fenner & Smitti,lnc. and Merrill Lynch & Co.,lnc. Attorneys: For Claimant(s): Kevin Love Esq. - Coral Gables, FL For Respondent(s): Frances Chlapowski Esq. - New Yori< , NY Date Filed: 11/02/2001 First Scheduled: 04/05/2002 Decided: 10-21-02 Case Summary: Claimant alleges ttiat Merrill Lynch Pierce Fenner & Smitti, Inc. an

New York Stock Exchange In the Matter of Arbitration Between y^ NYSE Case: Mary Drysdale V. Merrill Lynch Pierce Fenner & Smitti, Inc. and Merrill Lynch & Co.,lnc. Attorneys: For Claimant(s): Kevin Love Esq. - Coral Gables, FL For Respondent(s): Frances Chlapowski Esq. - New York, NY Date Filed: 11/02/2001 First Scheduled: 02/25/2002 Decided: 3/14/2002 Case Summary: Claimant alleges ttiat Merrill Lynch Pierce Fenner & Smith, Inc.

New York Stock Exchange In the Matter of Arbitration Between NYSE Case: Llly Cates v. Merrill Lynch Pierce Fenner & Smith,lnc and l\terrill Lynch & Co.Inc. Attorneys: For Claimant(s): Kevin Love Esq. - Coral Gables, FL For Responderit(s): Frances Chlapowski Esq. - New York, NY Date Filed: 11/02/2001 First Scheduled: 02/25/2002 Decided: 4/2/2002 Case Summary: Claimant alleges ttiat Menill Lynch Pierce Fenner & Smith, Inc. and Merrill

ew York Stock Exchange In the Matter of Arbitration Between NYSE Case: Barbara Novovitch v. Merrill Lynch Pierce Fenner & Smith,lnc and Merrill Lynch & Co.,Inc. Attorneys: For Claimant(s): Kevin Love Esq. - Coral Gables, FL For Respondent(s): Frances Chlapowski Esq. - New York, NY Date Filed: 11/02/2001 First Scheduled: 8/14/2002 Decided: 12/17/2002 Case Summary: Claimant alleges ttiat Merrill Lynch Pierce Fenner & Smitti, Inc. a

ew York Stock Exchange In the Matter of Arbitration Between y NYSE Case: Alice Kessler v. Merrill Lynch Pierce Fenner & Smitti, Inc. and Merill Lynch & Co.,lnc. Attorneys: For Claimant(s): Kevin Love Esq. - Coral Gables, FL For Respondent(s): Frances Chlapowski Esq. - New York, NY Date Filed: 11/02/2001 First Scheduled: 09/17/2002 Decided: 12-27-2002 Case Summary: Claimant alleges that Merrill Lynch Pierce Fenner & Smitti, Inc. a

New York Stock Exchange In the Matter of Arbitration Between NYSE Case: William T. Cone and John T. Cone vs. Morgan Stanley & Co., Inc., James Runde and Ray Smesko Attorneys: For Claimant(s): Jack D. Ballard Esq. - Houston, TX For Respondent(s): David Steriing Esq. - Houston, TX Date Filed: 10/26/2001 First Scheduled: 01/20/2003 Decided:o2/20/2003 Case Summary: Claimante, registered representatives, allege breach of contract, quantum mer

New York Stock Exchange .n the Matter of Arbitration Between y NYSE Case: Offit, Michael R. and Mitchell, Dara J. (JTWROS) v. Moran Stenley Dean Witter, Inc., Morgan Stenley Dean Witter Trust and Dean Witter (L.A.) Inc. Attorneys: For Clalmant(s): Michael R. Offit - New York, NY For Respondent(s): Keith Guilfoyte Esq. - New Yori< , NY Date Filed: 10/24/2001 First Scheduled: O6/21/2002 Decided: 09/12/2002 Case Summary: Cushxners v.

ew York Stock Exchange In the Matter of Arbitration Between y NYSE Case: George Rooks v. Merrill Lynch Pierce Fenner & Smith,lnc. and Merrill Lynch & Co.,lnc Attorneys: For Claimant(s): Kevin Love Esq. - Coral Gables, FL For Respondent(s): Frances Chlapowski Esq. - New Yori< , NY Date Filed: 11/02/2001 First Scheduled: 09/17/2002 Decided: 12/9/02 Case Summary: Claimant alleges that Merrill Lynch Pierce Fenner & Smith, Inc. and Mer

Award NASD In the Matter of the Arbitration Between: Name of the Claimant Case Number: 01-03834 Steve Culbertson Names of the Respondents Hearing Site: Atlanta, Georgia AFS Equities, Inc. Trava Lance Williams Joshua Slade Anderson REPRESENTATION OF PARTIES For Steve Culbertson, hereinafter referred to as "Claimant": James W. Fuhrmeister, Esq., Allison, May, Alvis, Fuhrmeister, Kimbrough & Sharp, L.L.C., Birmingham, Alabama. For AFS E