Award NASD Regulation, Inc. In the Matter of ths Arbitration Between: Bomi M. Zarolig, Sherry ZaroHa, Bern! Zarolia IRA, Sherry Zarolia IRA, the Yaamin Zarolia IRA and Katy Zarolia IRA (Claimants) vs. Morgan Stanley Witter, inc. and Edward H. Savitz, (Respondents). CaseNumber 99-03276 Hearing Site: Houston, Texas REPRESEfATION OF Claimants, Bomi M, 2arolia, Sherry Zaro!ia T Bomi ZaroUa IRA, Sherry IRA» Yasmin Zarolta IRA and Katy Zarolia IRA

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Warner C. Lusardi vs. NASD #92-02583 Name of Respondent Randy Schxoeder For Claimant: James A. Testa, Esq. of Testa & Grady, Vista, California For Respondent: Roland C. Colton, Esq. of Colton & Fuller, Del Mar, California CASE INFORMATION Statement of Claim filed: August 4, 1992 Claimant's Submission Agreement signed: May 1

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURTTTFS DEALERS In the Matter of the Arbitration Between Name of Claimant(s) Patricia Pinell Name of Respondents) Ben Tidhar NASD Arbitration No. 92-02582 For Claimant: Patricia Pinell, San Francisco, California For Respondent: Janet T. Love, Esq., Dean Witter Reynolds, Inc., San Francisco, California CASE INFORMATION Statement of Claim filed: August 3, 1992 Claimant's Submission Agreemen

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS. INC. In the Matter of the Arbitration Between Name of Claimant Raymon and Linda Thomason and Cattle Call. Inc. and 92-02576 Name of Respondent Merrill Lynch. Pierce. Fenner & Smith. Inc. OF PARTIES Claimants Raymon and Linda Thomason and Cattle Call, Inc. were represented by Wayne M. Whitaker. Esq. of Gaudy Michener Swindle & Whitaker, L.L.P., Fort Worth, Texas. Respondent Merril

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECLTUTIES DEALERS In the Matter of the Arbitration Between Name of Claimants Walter F. and Doris V. O'Loughlin 92-02573 Name of Respondents Lew Lieberbaum & Co., Inc. David L. Weintraub For Claimants Walter F. and Doris V. O'Loughlin ("Claimants"): Charles Bagtey IV, Esq. of the law firm of Council, Baradel, Kosmerl & Nolan, P.A. For Respondent Lew Lieberbaum & Co., Inc. ("LLC"): Jay Marc Israel, C

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant C. Stedman Morris IH 92-02570 Najne of Respondents J. Lee Peeler & Co., Inc. Jonathan Peeler REPRESENTATION For Claimant, C. Stedman Morris m ("Morris"): James Luke, CFA and Paul P. Hinkle, Esq. For Respondents, J. Lee Peeler & Co., Inc. ("Peeler & Co.") and Jonathan Peeler ("Peeler"): Paul K. Sun, Jr., Esq. of Smith, H

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS in tne Matter ot the Arbitration Between Name of Claimant Abe Al-Zokm Case* v. 92-02569 Name of Respondents Cantella& Co., Inc. Tanveer Ahmad George Rosen REPRESENTATION For Claimant: Abe Al-Zokm appeared pro se. For Respondents: Cantella & Co., Tanveer Ahmad, and George Rosen: Ruthann G. Niosi, Esq. CASE INFORMATION Statement of Claim filed: August 4, 1992. Claima

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS. INC. In the matter of the Arbitration Between Nani" or Claimants Joanne, Rose and Charles Galloshian NASD Arbitration No. 92-02567 Name of Respondents Gilford Securities, Inc. Marvin H. Ingram REPRESENTATION For Claimants: H Thomas Fehn, Esq., Fields, Fehn £ Sherwin, Los Angeles, California For Respondent Gilford Securities: Timothy D. McGonigle, Esq., Ruben, Crispi & McG

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants MDM Construction Co.. Inc. Pension Plan, and Ferdinand and Marsha Marchese. individually and as Trustees of MDM Construction Co.. Inc. Pension Plan No. 92-02566 Name of Respondent Stratton Oakmont. Inc. Casey Karry Richard Branson ~~ ^PRESENTATION OF FARTHER For Claimants: Ronald P. Kane. Esq., and Diane C.

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matier of the Arbitration Between Mame of Claimant(s) Arthur G. Miliigan Chester W. Miliigan. Individually and as Personal Representatives of the Estate of Gertrude H. Miliigan Case No. 92-02563 Name of Respondent^ A.G. Edwards & Sons, Inc. Walter Wanvig REPRESENTATION For Claimants. Arthur G. Miliigan (" A. Miliigan") and Chester W. Miliigan ("C. Miliigan"), Indivi