N.A.S.D. ANARO NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between: Name of Claimants L.W. Llewellyn IND & TTEE/Llewellyn Charitable Remainder Unitrust & O'Arlene B. Llewellyn 92-02452 Name of Respondents Shearson Lehman Hutton, Inc. Hugh S. Hill John Lineweaver REPRESENTATION For Claimants, L.W. Llewellyn IND & TTEE/Llewellyn Charitable Remainder Unitrust & D'Arlene B. Llewellyn ("The Llewellyns"):

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Joshua Sky Barrow (Claimant) vs. Merrill Lynch, Pierce, Fenner, & Smith, Inc., John J. O'Connor III, and Paul L. Roche III (Respondents) Case Number: 05-03319 Hearing Site: Boston, Massachusetts Nature of the Dispute: Customer vs. Member and Associated Persons REPRESENTATION OF PARTIES Claimant Joshua Sky Barrow hereinafter referred to as "Claimant": Derek Y. Brandt,

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Gary D. Sprague, Gary D. Sprague IRA, Nancy K. Sprague, Nancy Sprague IRA (Claimants) v. Royal Alliance Associates, Inc. (Respondent) Case Number. 05-02940 Hearing Site: Columbus, Ohio Nature of the Dispute: Customers vs. Member. REPRESENTATION OF PARTIES Claimants Gary D. Sprague ("G. Sprague"), Gary D. Sprague IRA (G. Sprague IRA"), Nancy K. Sprague ("N. Sprague"),

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Joseph Stevens & Company, Incorporated (Claimant) vs. Vincent Charles Armato, David I. Carter, Dori Jack Dashti, Paul D. Marquardt, Radion Felitnich Medvedovsky, Everton Alexander Murdock, Jonathan W. McHale, Frank Joseph Parascondola, Richard Joseph Perlongo, Brian Scerbo, Joseph Varvara, Keith Thomas Williams and Vincent John Zerbo (Respondents) Case Number: 06-01803 Hearing Site

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION. INC. CASE: 99-03269 Andrew Skurowitz and Ariva Skurowitz, Claimants vs. National Discount Brokers, Respondent. ATTORNEYS: Claimants, Andrew Skurowitz and Ariva Skurowitz, ("Claimants") appeared Pro Se, Stamford, CT. For Respondent, National Discount Brokers, ("Respondent") appeared Douglas P. Lobel, Esq. of the firm, Kelley Drye & Warren LLP, Washington, DC. DATE FILED: July 19, 1999 CASE SU

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS 1 ''" -0 In the Matter of the Arbitration Between Name of Claimant Cindy R. Davis 94-01064 of Respondents Shearson Lehman Brothers, Inc. Glenn Elliott Dropkin For Claimant, Cindy R. Davis ("Davis"): Don L. Horn, Esq. of Gallwey Curtis Vento & Horn P.A., Miami, Florida. For Respondents, Shearson Lehman Hutton, Inc. ("Shearson") and Glenn Dropkin ("Dropkin"): Gavin S. Appleby, Esq.

NASD REGULATION, INC. AWARD Office of Dispute'Resof ution In the Matter of the Arbitration Between Neale W.Sanchez Marie A. Sanchez Case No. 94-05535 Namqe ^Respondents Shearson Lehman Brothers, Inc. Joseph Malamey Thomas Paulus REPRESENTATION OF PARTIES For Claimants: Monica I. Sate, Esq. of the law firm of Monica I. Sails, PA, Fort Lauderdate, Florida. For Respondents Shearson Lehman Brothers, Inc. n/k/a Salomon Smith Barney, Inc.

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Kevin B. Murphy (Claimant) vs. Merrill Lynch, Pierce, Fenner & Smith, Inc. (Respondent) Case Number: 05-02481 Hearing Site: New York, New York Nature of the Dispute: Associated Person vs. Member. REPRESENTATION OF PARTIES Claimant Kevin B. Murphy ("Murphy") hereinafter referred to as "Claimant": Jacob H. Zamansky, Esq., Zamansky & Associates, LLC, New York, NY. Respondent Me

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Schonfeld Securities, LLC and Spectrum Capital Partners, LLC (Claimants) v. Mark Kim, Xiang Chen, and Claire Young Park (Respondents) Case Number: 03-04395 Hearing Site: New York, New York Nature of the Dispute: Member and Non-Member vs. Associated Persons. REPRESENTATION OF PARTIES Claimants Schonfeld Securities, LLC ("Schonfeld") and Spectrum Capital Partners, LLC ("Spectrum")

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Kenneth Kaplan and Lois Kaplan (Claimants) vs. Merrill Lynch Pierce Fenner & Smith, Inc., Audrey Kurtzman, George Sula, and David April (Respondents) Case Number: 04-05839 Hearing Site: New York, New York Nature of the Dispute: Customers vs. Member and Associated Persons REPRESENTATION OF PARTIES Claimants Kenneth Kaplan ("K. Kaplan") and Lois Kaplan ("L. Kaplan"), herein