Stipulated Award NASD Dispute Resolution hi the Matter of the Arbitration Between: R NnmViM" 01-03492 Timothy B. Wolcale Namp rvf fog RpgprmHpnt Hearing Site: Houston, Texas The Penn Investment Group, Inc. pin>iiy.sF.NTATTfw OF PARTIFS Claimant, Timothy B. Wolfcale hereinafter referred to as "Claimant": Donald R. Taylor, Taylor & Dunham, L.L.P., located in Austin, Texas. Respondent, The Penn Investment Group, Inc., hereinafter referred to as "Re

• NYSE Regulation P'SE Regulation 1 ae Matter of Arbitration Between Case: Charanjit Sahni, Harpreet Sahni, Nasimang Enterprises Aw/Nasimang Trust by Nand Sahni and Charanjit Sahr Charanjit Sahni Custodian Angad Sahni UTMA, and Charanjit Sahni Custodian Simran Sahni UTMA v. Prudential Securities Inc., Stuart Sklar, Martin Kennedy, Andrea Klein, and Ash Rajan Docket: 2002-010156 Attomeys: For Claimant(s): John W. Moscow - New York, NY Thomas R. Ajami

1 CIKV. 1 UI ^ • NYSE Regulation ( SE Regulation In the Matter of Arbitration Between Case: Cynthia Scheider vs. Morgan Stanley and WiUiam Fox Docket: 2004-015705 Attomeys: For Claimant(s): Adam S. HaU - Miami, FL For Respondent(s): Laura J. Starr - Boca Raton, FL Peter J. Aldrich - Palm Beach Gardens, FL Date Ffled: 8/25/2004 First Scheduled: 05/03/2005 Dedded: 5/19/2006 Case Summary: Customer claimant aUeges fraudulent misrepresentation, b

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Crawford A. Muschott and Case Number: 01-03491 Hearing Site: Southfield, Michigan Names of Respondents Royal Hutton Securities Corp. Clark Street Capital, inc. Vincent P. Rossetti, Jr., and Michael F. Dobbs REPRESENTATION OF PARTIES Crawford A. Muschott ("Claimant") was represented by Anthony V. Trogan, Esq., West Bloomfield, Michigan. Roy

• NYSE Regulation NYSE Regulation i le Matter of Arbitration Between Case: Stephen McGarry and Christine McGarry v Salomon Smith Barney, Alan M. Rizzuto, Erich Frank, Michael R. Doran, David M. Rose, Laurie Mittman, Jerry Ferrante, Leonard Cohen, and UBS PaineWebber, et al. Docket 2004-015098 Attomeys: For Qaunant(s): Edward V. Sapone - New York, NY For Respondent(s): David L. Goldberg - New York, NY Jay Feldman - Randolph, NJ Jonathan C. Thau -

• NYSE Regulation NYS^Regulation In th^^tter of Arbitration Between Case: ^-^ Citigroup Global Markets Holdings, Inc. v. Jason Benito Ibarra Docke|^004-015888 cn Attorn^ FalEClaimant(s): W. Jerad Rissler Gregory R. Crochet - Atianta, GA For Respondent(s): Paul C. Munger - Atianta, GA Date Ffled: 12/10/2004 Fhst Scheduled: 03/07/2006 Dedded: 5/I8/20O6 Case Summary: Qaimant member firm aUeges former employee/registered representative breached

f ' NYSE Regulation NYSE Regulation In the Matter of Aibitration Between Case: Melba Fiorentino, IndividuaUy, and on behalf of Melba Fiorentino IRA rollover v. Quick 8c ReiUy, Inc. and Brian P. Scott Docket 2004-014914 Attorneys: For Claiinant(s): Herbert Deutsch Seth Lipner - Garden City, NY Peter L, Jacobs - New York, NY For Respondent(s): Brian F. McDonough - New York, NY Brian P. Scott - McDonough, GA Date Ffled: 1/6/2004 First Sched

( ' NYSE Regulation NYSE Regulation In the Matter of Arbitration Between Case: Linda M. Lehrer vs. Salomon Smith Bamey, Inc. Docket 2004-015280 Attomeys: For Claimant(s): Debra B. Hayes - Kingwood, TX For Respondent(s): Ann Parry - New York, NY DateFiled: 4/13/2004 First Scheduled: 08/29/2005 Dedded: 5/2/2006 Case Stunmary: Claimant, a public customer aUeges violations of SRO mles and securities laws, negligence, misrepresentation, unsuitabl

• NYSE Regulation NYSE Regulation {^ le Matter of Aibitration Between Case: Larry Norman Palmer and Larry Norman Palmer SSB SAR-SEP IRA Custodian U/P/0 K. Enterprises, Inc. v. Salomon Smith Barney, Citigroup, Citigroup Global Markets, Inc. and Donald Coulter Docket 2004-015139 Attomeys: For Claimant(s): Alois Lemke - Santa Cruz, CA For Respondent(s): Julie Kole - San Francisco, CA Date Ffled: 3/3/2004 First Scheduled: 08/08/2005 Dedded: 5/17/2006

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between; John Alotis, Claimant v. La Jolla Securities, Corp. n/k/a Centex Securities, Inc., Respondent Case Number: 00-01221 Hearing Site: Los Angeles, California REPRESENTATION OF PARTIES For Claimant: Richard A. Hofman, Esq. Law Office of Richard A. Hofman Woodland Hills, California For Respondent: Craig M. Biddick Centex Securities, Inc. La Jolla, California CASE