New York Stock Exchange In the Matter of Arbitration Between 1/ NYSE Case: Robert Maltz v. Morgan Stanley and Dan Ritchie Attnmeys: For Clalniant(s): Brian J. Neville Esq. - New Yorit. NY For Respondent(s): Thomas Keen Esq. - New York, NY F/^V Date Filed: 11/01/2002 First Scheduled: 08/05/2003 Decided: 03 Case Summary: Customer v. Member Finn and Registered Representative alleges unsuitable recommendations, failure to supen/i

/ New York Stock Exchange in the Matter of Arbitration Between V NYSE Case: Cynthia Hunt v. Scott & Stringfellow, Inc. Attorneys: For Cialniant(s): Morgan W. Bentley Esq. - Newart(, NJ For Respondent(s): Alex W. C. Cecil Esq. - Richmond, VA Date Filed: 10/22/2002 First Scheduled: 03/13/2003 Decided: p/fe//c^ Case Summary: The statement of Claim alleges unauthorized transactions were made in her account. Product: EQU l\/la

New York Stock Exchange .n the Matter of Arbitratioii Between ly NYSE Case: John J. Boretti v. Nomura Securities Intemational, Inc., Nomura Asset Management USA, Inc. and Nomura Asset Management Co. Ltd. (Japan) .'•\ttomeys: For Claimant(s): John D. Rapoport Esq. - White Plains, NY For Respondent(s): Marc L. Silvennan Esq. - New York, NY Date Filed: 10/28/2002 First Scheduled: 06/17/2003 Decided: ^ / a^ Case Summary

• NYSE New York Stock Exchange In the Matter of Arbitration Between Case: Henry Kaminski, individually, and as Beneficiary of the Henry Kaminski Individual Retirement Account v. Salomon Smith Barney, Inc. and Lisa W. Fouraker Attorneys: For Claimant(s): Henry Pass - Bala Cynwyd, PA For Respondent(s): Joseph Sack - New York, NY Date Filed: 10/18/2002 First Scheduled: 4/22/2003 Decided: / ^ / / c / < ^ ^

I NYSE yj New York Stock Exchange In the Matter of Arbitration Between Case: Lorie Alber and J. David Aiber vs. Morgan Stanley DW, Inc. Attorneys: For Claimant(s): Erwin Shustak - San Diego, CA For Respondent(s): Gilbert Serota - San Francisco, CA Date Filed: 10/23/2002 First Scheduled: 12/1/2003 Decided: 12/5/2003 Case Summary: Customers vs. Member Firm alleging professional negligence, misrepresentations, securities fraud,

(" • NYSE New York Stock Exchange In the Matter of Arbitration Between Case: Salomon Smith Bamey v. Stephen Palmer Docket Number: 2002-010867 Attomeys: For CIaJniant(s): Jennifer Woods Burke - Cranford, NJ For Respondent(s): Stephen Palmer - Boca Raton, FL Date Filed: 10/7/2002 First Scheduled: 04/13/2004 Decided: 5/10/2005 Case Simimaiy: Member firm claimant alleges breach of contract and non-payment of Promissory Note.

i NYSE New York Stock Exchange In the Matter of Arbitration Between Case: J. William Phillippi and Eve T. Phillippi v Morgan Stanley and/or Morgan Stanley Dean Witter 8i Co. Services and/or Morgan Stanley DW Inc. and Kurt Kuhlman Attorneys: For Claimant(s}: Rachel Friedman - Cherry Hill, NJ For Respondent(s): David Travin - New York, NY Howard Sendrovitz - New York, NY Date Filed: 9/20/2002 First Scheduled: 10/28/2003 Decided

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Jeffrey S. Borosund, Claimant vs. Morgan Stanley Dean Witter and Steve Walter, Respondents Case Number: 01-03756 • Hearing Site: Portland, Oregon REPRESENTATION OF PARTIES For Claimants: Jeffrey S. Borosund In Propria Persona Tigard, Oregon For Respondents: Christine A. Kendrick, Esq. Morgan Stanley Dean Witter San Francisco, California CASE INFORMATION Statement

Vew York Stock Exchange NYSE In the Matter of Arbitration Between Case: waiter and Patricia Kuzmak v Bear Steams & Co. and David Aoler Attorneys: For Clalmant(s): Envin Cohn Esq. - Chicago, IL For Respondent(s): Andrew B. David Esq. - Chicago, IL Date Filed: og/10/2002 First Scheduled: O6/10/2003 Decided: »/ f o / _ 3 Case Summary: Walter and Patricia Kuzmal< filed a claim against David L. Adler and Bear Steams and Company fbr events related to an

New York Stock Exchange In the Matter of Arbitration Between NYSE Case: Fred I. Posner vs. Merrill Lynch Pierce, Fenner & Smitti and Barbara 8. Gleason Attorneys: For Claimant(s): Steven B. Caruso Esq. - New Yori< , NY For Respondent(s): Ted Snyder Esq - New York, NY Date Filed: 09/06/2002 First Scheduled: 06/10/2003 Decided: 09/02/2003 Case Summary: Claimants, a customer, has alleged ttiat respondents engaged in unsuitable biding and