N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS. INC. In the marter of the Arbitration Between of Claimants Jeanne Bode' Groeper NASD Arbitration No. 92-02214 Name of Respondents Yaeger Securities, Inc. Norma Yaeger Jack Halpern REPRESENTATION For Claimant: Carroll R. Melton, Arbitration Consultants, Inc., Woodland Hills, California For Respondents: Yaeger Securities and Norma Yaeger: David Mahler, Yaeger Securities, Inc.,

N'.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name or Claimant Frank J. Lockwood Case # vs. 92-02213 Name of Respondents Donald & Co. Securities. Inc. Stephen Blum Peter Guardino Anthony Pontecorvo Walter Wright Courtland R. Michaels REPRESENTATION For Claimant, Frank J. Lockwood ("Claimant") John P. Clone, Esq. For Respondents, Donald & Co., Securities, Inc., Stephen

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES!DEA!$RS In the Matter of the Arbitration Between * Name of Claimant Betty Braselton 92-02211 Name of Respondents Dreher & Associates. Inc. Fred Mohl For Claimant, Betty Braselton at the hearing: Scott Levin, Esq. of Levin, McParland, Phillips, Leydig, & Haberkora, Chicago, Illinois. For Respondents, Dreher & Associates, Inc. and Fred Mohl at the hearing: Thomas P. Ward, Esq. of McBrid

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Gilford Securities Incorporated (Claimant) vs. Joseph Secreti, (Respondent) Case Number: 99-03225 Hearing Site: New York, New York REPRESENTATION OF PARTIES Claimant, Gilford Securities Incorporated, hereinafter referred to as "Claimant": Norman S. Lawi, Esq., Special Counsel, Gilford Securities Incorporated, New York, NY. Respondent, Joseph Secreti, hereinafter referred to as

N.A.S.D. AVv/vRD NATIONAL ASSOCIATION OF SECURITIES DEALERS In tne Matter of the Arbitration Between Name of Claimant/Counter-Respondent Control Specialties Inc. 92-02210 Name of Respondents/Counter- and Third-Party Claimants First City Brokerage Company; First City, Texas-Houston N.A. Third-Party Respondent R. R. Pennington, Jr. REPRESENTATION For Claimant/Counter-Respondent: Control Specialties Inc. was represented by Brent Spivey,

N.A.S.D. AWARD NATIONAL ASSOCIATION (OF SECURITIES DEALERS In the Matter of the Arbitrate* Between Bert and Roberta Hoffman 92-02206 Name of Reapo-adents Shearson Lehman Brothers. lot., f/k/a Shearson Lehman Huttoo. Inc.,, a/k/a/ Lehman Brothers; Nick DiMinfco For Claimants: Roberta and Btrt E. Hoffman (collectively "Hoflman") were represented by Morris Tabak. Esq. of Frank Shaw & Associates, in Houston, Texas. For Respondents: Shearson

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Texas First Securities Corporation 92-02205 Name of Respondent Texas Enfield. Inc. REPRESENTATION For Claimant: Texas First Securities Corporation was represented by James R. Snell, Esq. of Liddeil, Sapp, Zivley, Hill & Laboon, L.L.P., located in Houston, Texas. For Respondent: Texas Enfield, Inc. was represented by Robert Kell

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Anne, Louis, Louis V. & Michael Mazzella 92-02200 Name of Respondents Dean Witter Reynolds Inc. Paul Cantatore REPRESENTATION For Claimant: Joseph R. Gagliano, Jr., Esq. of Squadron, Ellenoff, Plesent, Sheinfeld & Sorkin, LLP located in New York, New York. For Respondents: John M. Vassos, Esq. of Morgan, Lewis & Bockius lo

N' A 5 D A'vV.ARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In me Matter or :ne Aroitraciun Between Name or Claimant N'eena Rani Gupta 92-01199 Name of Respondents Nf ay fair Securities. Limited Marcus Figuetrado Jack Maddock REPRESENTATION For Claimant. Meena Rani Gupia ("Gupta"): Mark A. Tepper. Esq. of the law office of Mark A. Tepper. Hollywood. Florida. Respondents. Mayfair Securities. Limited ("Mayfair"), Marcus Figueirado

PUBLIC N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Michael L. Carroll 92-02191 Name of Respondents Hibbard Brown & Co.. Inc. Daniel K. Kaye CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. en July 2, 1992, Claimant Michael L. Carroll, who appeared Pro Se, alleged that he became involved with Respondent Hibbard Brown & Co., I