Award NASD Dispute Resolution In the Matter of the Arbitration Between: Bill Houda and Tara Levine Houda, Claimants v. First Canterbury Securities, Inc., Raymond Ellis Jennison, Jr. and Patrice Jennison, Respondents Raymond Ellis Jennison, Jr., Counter-Claimant v. Bill Houda, Counter-Respondent Case Number: 06-03648 Hearing Site: Dallas, Texas Nature of the Dispute: Customers v. Member, Associated Person and Non-Member Associated Person v. Customer

Award NASD Dispute Resolution In the Matter of the Arbitration Between: John F. Tobin Family Trust and Emily E. Tobin Trust, Emily E. Tobin and John S. Tobin, Trustees (Claimants) vs. Janney Montgomery Scott LLC and John Lennon (Respondents) Case Number: 04-05132 Hearing Site: Boston. Masachusetts Nature of the Dispute: Customer vs. Member and Associated Person. REPRESENTATION OF PARTIES Claimants John F. Tobin Family Trust and Emily E. Tobin Trust,

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Ronald Rommeney and Philomena Rommeney (Claimants) vs. Morgan Stanley DW, Inc., and Roxann G. Romano (Respondents) Case Number: 06-00401 Hearing Site: New York, New York Nature of the Dispute: Customer vs. Member and Associated Person. REPRESENTATION OF PARTIES Claimants Ronald Rommeney ("R. Rommeney") and Philomena Rommeney ("P. Rommeney") hereinafter collectively referred to a

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Raymond David McElfish and McElfish & Associates (Claimants) vs. Merrill Lynch, Pierce, Fenner, & Smith, Inc., Ilicia Pamela Silverman and Jonathan Eric Wolfe (Respondents) Case Number: 03-02452 Hearing Site: New York, New York Nature of the Dispute: Customers vs. Member and Associated Persons REPRESENTATION OF PARTIES Claimants Raymond David McElfish ("R. McElfish")

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Salvatore Trovato, (Claimant) vs. Kern, Suslow Securities, Inc., David J. Levenson, Fleet Securities, Inc., and Arthur Kern, (Respondents) Case Number: 99-03708 (Consolidated w/99-04188) Hearing Site: New York, New York REPRESENTATION OF PARTIES Claimant, Salvatore Trovato, hereinafter referred to as "Claimant": Ira Lee Sorkin, Esq., Squadron, Ellenoff, Plesent & Sheinfeld, LL

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 06-05415 BBVA Securities of Puerto Rico (Claimant) vs. Javier E. Pascual (Respondent) ATTORNEYS: For Claimant appeared Sonia Marbarak, Chief Compliance Officer of BBVA Securities of Puerto Rico, San Juan, PR. For Respondent appeared Miguel A. Cuadros, Esq., San Juan, PR. NATURE OF DISPUTE: Member v. Associated Person DATE FILED: December 29, 2006 CASE SUMMARY: Claimant alleged breach of

Award NASD Dispute Resolution In the Matter of the Arbitration Between: RBC Dain Rauscher Inc. (Claimant) vs. Mark T. Whaley, David D'Arcangelo, and Bear Stearns & Co., Inc. (Respondents) Case Number: 05-04493 Hearing Site: Newark, New Jersey Nature of the Dispute: Member vs. Associated Persons and Member. REPRESENTATION OF PARTIES Claimant RBC Dain Rauscher Inc. hereinafter referred to as "Claimant": Gary W. Garner, Esq., and Terri L. Ahrens, Esq.,

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 07-00124 A.G. Edwards & Sons, Inc. (Claimant) vs. Michael S. Gluck (Respondent) ATTORNEYS: For Claimant, A.G. Edwards & Sons Inc. appeared Daryl S. Landy, Esq., of the law firm of Morgan, Lewis & Bockius LLP, San Francisco, CA and Co-counsel, Dennis J. Capriglione in-house counsel of A.G. Edwards & Sons Inc., St. Louis, MO. Respondent did not submit an Answer to the Statement of Claim. NATU

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Steven Mezzacappa, Skender Derti, Derek Pines, and Matthew Craffey (Claimants) vs. Heartland Securities Corp., Randolph Lee Hill, Lee Maschler, Barn/ Schwarz, and Michael McCarthy (Respondents) Case Number: 05-05725 Hearing Site: New York, New York Nature of the Dispute: Associated Persons vs. Member and Associated Persons. REPRESENTATION OF PARTIES Steven Mezzacappa, Skender De

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 06-04740 Wachovia Securities, LLC, (Claimant) vs. Bonnie Lange d/b/a The Truth Seeker Foundation, (Respondent) ATTORNEYS: ~~~ For Claimant appeared Timothy N, Will, Esq., of the firm Albert & Will, LLP, Torrance, CA. Respondent appeared pro se, Escondido, CA. NATURE OF DISPUTE: Member vs. Customer DATE FILED: October 24, 2006 CASE SUMMARY. Claimant alleged that Respondent breached a