N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEfcLERS In the Hatter of the Arbitration Between Roy V. McDonald 90-02707 of Deem Witter Reynolds, Inc. Par Claimant: Phillip R. JfcDomld - Attorney at Law. For RfcjspotjttenJLi BfoacU W. Leorkin, Esq. of Dean Wittw Reynolds. JJg ™" mi " Statement of Claim filed: September 29, 1990. Claimant's Submission Agreement signed ont September 14, 1990. of Answer filed by Respondent,

N.A.S.D. AWftRD MATICNAL ASSQdKFIOt OF SECURITIES DEALERS In the Matter of the Arbitration Between Grace E. Mertzler 90-02684 Shearson Lehman Mutton, Inc. Sheldon T. Lenahan Foe Claimant: Michael E. Storck, Esq. of Blair & Roach. For Respondents; Jeffrey A. Sellers, Esq. of Silverberg, Yood, Sellers & McGorry. Statement of Claim filed: September 25, 1990. Joint Statement of Answer filed by Respondents: February 4, 1991. Submission Agreem

N.A.S.D. AWARD NATICNHj ASSOCIflTICN OF HHLW'l in8iS DEALE3ZS In the Matter of the Arbitration Between tarns of Claimant (s) Robert T. Provost 90-02670 PUBLIC no? For Claimant: Steven M. Melley, Esq. of Rhinebeck. New York. Respondent James Morrill was pro se. case Statement of Claim filed: Septentoer 24, 1590. Claimant's Submission Agreement signed on: September 20, 1990. Submission Agreement of Respondent James Morrill sign

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Mat_ter of the Arbitration Be_tween James 5 . and Florence A. Charles Claimants ) AWARD vs. ) ) NASD #90-02614 Shearson Lehman Button, Inc. ) and Paul Garvey ) Respondents ) SUMMARY OF ISSUES This case was filed with the National Association of Securities Dealers, Inc. ("NASD") on September 18, 1990. Claimants alleged that Respondents effected unauthorized trades, ch

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant (s± Gus Wolff CASE* 90-02537 Name of Respondent _(_s) Leonard Neuhaus The Stuart James Company, Inc. First Interregional Equity Corporation REPRESENTATION For Claimant: Gus Wolff was represented by Mort M. Horowitz, Esq. For Respondent: Respondent Leonard Neuhaus did not attend the hearing. Respondent The Stuart James Company, Inc

N.A.S.D. AWARD NOTIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of C. Taj mantis Donald W. Earle Theresa M. Sarie, JTWROS vs. 90-02517 Name of Respondent Gene I. Soss For Claimants: Claimants represented themselves. For Respondent: L. Louis Raring, Esq., Raring & Lipoff, Newport Beach, California. Statement of Claim filed: September 10, 1990. Claimants' Submission Agreement signed: August 28, 1

N.A.S.D. AWARD ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Betveen Name of Claimantfsl James A. Dunne 90-02493 Shearson Lehman Hutton, Inc. John Harrison Arthur A. Gerone For Claimant: Michael L. Paule For Respondents: T.iiy^ A. Loftus, Esq. Statement of Claim filed: Septanber 6, 1990 Claimant's Submission Agreement signed on: August 28, 1990 '.tatement of Answer filed by Respondents on: December 21 , 1990

Arbitration N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS in the Matter of the Arbitration Between ) Henry Gottlieb Raymond, Janes & Associates, Inc. National Aaaoclation of Securities D*«Jer». Inc. One East Broward Boulevard Suite 1000 Ft. Uuderdate. Florida 33301 (305) 522-7391 Case No. 90-02424 Heard before the members of the Arbitration Panel: Joseph L. Bernstein, Esq. Sidney M. Dubbin, Esq. Thomas J. Boyl

:i.A.S.D. AWARD riATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the ArCLtratirn Seoreen Bernard B. Friedland 90-02418 Securities Inc. Frank Gleeccn Jerry Gettinger Claimant was represented by William F. Davis, Esq. . Respondents were represented by Samuel Reesai, Esq. , Robert Logan, Ssq, and Timothy Will, Esq.. This matter was initiated by a Statement of Claim filed with the Mationai Association of Securities Dealers, Inc.

ASASO Arbitration H.A.3.D. MRIICHAL ASSCCIATICN OF SiXJUHITIES DEftLHIS In the Matter of the Arbitration Between Name cf Claimant John Graef 90-02330 Name of Respondents Stratton Oakmont Inc. Jordan Bellfort National Association ot Securities Oesiers. Inc. NASD Financial Center 33 Whitenail Street New I'orx. New VorK 1000- For Claimant, John Graef ("Claimant") : John Graef, who is not an attorney. For Respondents, Str