Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Merrill Lynch, Pierce, Fenner & Smith, Inc. and Kevin Murphy (Claimants) v. Alen Warner and Valerie Warner (Respondents) Case Number: 05-06269 Hearing Site: New York, New York Nature of the Dispute: Member and Associated Person vs. Customers REPRESENTATION OF PARTIES Claimants Merrill Lynch, Pierce, Fenner & Smith, Inc. ("Merrill Lynch") and Kevin Murphy ("Murphy") he

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Jerry L. Kallerman and Linda K. Kallerman, Claimants v. Merrill Lynch, Pierce, Fenner & Smith Incorporated, Robert W. Zawilski, and Christian E. Choi, Respondents Case Number: 05-06209 Hearing Site: Seattle, Washington Nature of the Dispute: Customers v. Member and Associated Persons REPRESENTATION OF PARTIES For Claimants: Justin D. Park, Esq. Romero Montague, P.S. Bellevue

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 05-06201 Kent He, (Claimant) vs. Charles Schwab, Co., Inc., (Respondent) ATTORNEYS: " Claimant appeared pro se, Phoenix, AZ. For Respondent appeared Brandon K. Hemley, Esq., San Francisco, CA. NATURE OF DISPUTE: Associated Person vs. Member DATE FILED: November 16, 2005 CASE SUMMARY: Claimant alleged wrongful termination, breach of contract and libel or slander on Form U-5. Claimant mai

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 05-06179 Taylor Meirotto, (Claimant) vs. TD Waterhouse Investor Services, Inc., (Respondent) ATTORNEYS: Claimant appeared pro se, Judson, TX. For Respondent appeared in-house counsel Janis Campanella, Esq., Boca Raton, FL. NATURE OF DISPUTE: Customer vs. Member DATE FILED: November 19, 2005 CASE SUMMARY: Claimant alleged that Respondent breached its fiduciary duty and misrepresented and

Award NASD Regulation, Inc. In the Matter of the Arbitration Between: Robert W. Baird & Co., Inc. v. Remtech Environmental Services, Inc., and John J. Matouk Case Number: 99-3433 Hearing Site: Detroit Michigan REPRESENTATION OF PARTIES Claimant, Robert W. Baird & Co., Inc. ("Baird"), hereinafter referred to as "Claimant": Michael Coakley, Esq., and Kristen L. Isaacson, Esq., Miller, Canfield, Paddock & Stone, P.L.C., Detroit, Michigan. Respondents,

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimants Case Number: 05-06041 Robert C. Humphrey and Patricia C. Humphrey Name of thfi Respondent Hearing Site: Dallas, Texas J.P. Morgan Securities, Inc., successor to Hambrecht & Quist LLC. NATURE OF THE DISPUTE Public Customers v. Member Firm REPRESENTATION OF PARTIES Claimants Robert C. Humphrey and Patricia C. Humphrey, hereinafter collectively

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Milestone Financial Services, Inc. (Claimant) vs. Adam Sclafani (Respondent) Case Number: 05-06030 Hearing Site: New York, New York Nature of the Dispute: Member vs. Associated Person REPRESENTATION OF PARTIES Claimant Milestone Financial Services, Inc., hereinafter referred to as "Claimant": Barry R. Lax, Esq., The Lax Law Firm, New York, NY. Respondent Adam Sclafani, hereinaft

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 05-06022 Barbara J. Roberts, (Claimant) vs. John Benton Evans II, (Respondent) ATTORNEYS: Claimant appeared pro se, Atlanta, GA. Respondent appeared pro se, Atlanta, GA. NATURE OF DISPUTE: Customer vs. Associated Person DATE FILED: November 23, 2005 CASE SUMMARY: Claimant alleged that Respondent made unsuitable recommendations and unauthorized trades in her account. Claimant maintained

Award NASD Dispute Resolution Dr. Paul Rankin vs. Brundyn Securities, Inc., James Caricola and Peter Mirenda Case Number: 05-05922 Hearing Site: Pittsburgh, Pennsylvania Nature of the Dispute: Customer vs. Member and Associated Persons. REPRESENTATION OF PARTIES Claimant Dr. Paul Rankin, Inc. ("Rankin"), hereinafter referred to as "Claimant" was represented by Peter McClenahan, Esq., Streib & McClenahan, Pittsburgh, Pennsylvania. Respondent Brundyn

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Nicolette Brown and Daphne Domingo (Claimants) vs. Nevil Lloyd Denton (Respondent) Case Number: 05-05866 Hearing Site: New York, New York Nature of the Dispute: Customer vs. Associated Person. REPRESENTATION OF PARTIES Claimants Nicolette Brown ("Brown") and Daphne Domingo ("Domingo") hereinafter collectively referred to as "Claimants" appeared pro se. Respondent Nevil Lloyd Den