N.A.S.D. AMMO) ttAXXOHAL ASSCdATICN OP SBCOHITTBS la cba Matter of ta» Arfaitratim Naaa of Jay Kopf George Levien 91-01747 consolidated w/91-01839 Otra Securities Group Inc. First Pideltiy capital Ted Rubin Claimants Jay Kopf and George Leviea ("Claimants") were represented by Jacob Zamansky, Esq. of Hisckley & Silbert, P.C. Respondent Otra Securities Group, Inc. ("Otra") was represented by Scott Monaco, Esq. of Otra Securities G

N.A.S.D, AMRED NATXCOTL ASSOCXMJKU OF SBCOHITISS DEALERS In t±a Hatter of the Arbitration Between Q£ Karen. Jean Hale NASD Arbitration. Nb.91-01609 NmeofRgsQandgats r IOC. For Claimant: James C. Krause, Esq. and M. Fariz Ovais For Respondent: B4«rd S. SanacD, Esq. - Pxurtmtlal Securities Inc. Statement of nalm filed: May 23, 1991 n aHTtBOTT|i-]j' < aiv«Trigj;4i«ir\ Agreoneats signed oat May 13, 1991 Joint Statement of r>iin»mi fil

N.A.S.D. AWARD AssociancN OF SECGRITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Lola Fana Jean Lee NASD Arbitration No. 91-01363 of Ssrriyncnerce, Fanner & Sndth, Inc. William B. Linas Tedfozxi L. Wbodard For dainant: Lionel Z. Clancy, Esq. For Respondent: V. Janes Mum, Esq. - Merrill Lynch, Pierce, Fencer & Smith Statement of Halm filed.: April 30, flp'tmanfrg* fltdHiri «MH nr\ Agreement signed on

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of Arbitration Between Name of Claimant Sherwood H. Brieloff vs. T Case#: 91-01315 Name of Respondent Herzog Heine Geduld. Inc. and Abe Bramnik REPRESENTATION For Claimant: Steven Wilk, Esq., New York, New York. For Respondent: Herzog, Heine Geduld. Inc.: William A. Jacobson, Esq. of Miller & Wmbel, PC. Providence, Rhode Island. For Respondent Abe Bramnik: Robert

N.A.S.D. AWRRD NRTIQNRL ASSOdATICN 0? fig^jy I 'I'nas In the Matter of tba Arbitration Between. Q£ n Roger Marsfautz, Trustee for Roger Marshutz Ratixeaent and Profit fih«T-foj Flan NASD #91-01222 Smith Barney, Harris Dpham & Co., Inc. Say Shuwarger Fear daisant: Lionel Z. Glancy, Esq., Beverly Hills, California For Respondents: Scott E. Kreach, Esq., StaLth Bazney, Harris Djpbm & Go,. lac., Hew York, New York Statement of r***™ file

BEFORE NASD DISPUTE RESOLUTION, INC. In the Matter of the Arbitration between: GARY NEIDERT and JOHANNA NEIDERT Claimants, and NASD Arbitration No. 00-01053 Hearing Location: Milwaukee, Wisconsin INSTITUTIONAL EQUITY CORPORATION F/K/A REDSTONE SECURITIES, INC. and PETER A. BOUDOUVAS Respondents. AWARD REPRESENTATION OF THE PARTIES Claimants Gary Neidert and Johanna Neidert were represented by Michael H. Schaalman, Esq.* Quarles & Bra

N.A.S.D. AWARD NKTICHAL ASSOdRnCH OP SBCDR1T1ES DEALERS In the Matter of the Arbitration Between Name of Claimants J.J. Ccnsulting Corporation vs. Name of Respondent/ Batecoan p."t< *m«*r t Hill Richards, Inc. vs. NASD Arbitration Mo. 91-01194 Lee Edgar HUd.es Mark Richard Miller Poor f r ta< '"»ii* i *tt Haory N. Janool^ Esq., T^M« Ancfeles r For Respondent: Jon L. EawinaJci, Esq., yindel & Anderson, Lo

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between BVin Kelson, Aldo H. & n>n™ c . Nelson and Hazed H. Bappe Claimants Case #91-00782 Award Edwin Nelson v. Securities v. - CM* #91-00868 Award Aids H. & HrHrvi C. Nelson v. Landed Securities v. Allan Happe Landed Securities v. Cas«f*M-Q1100 Hftzel M. Kappe v. Allan Bappe Landed Securities la a --i«-»n» < m«* w

N.A.S.D. AWARD ASSOCIATICK OF SECURITIES DEALERS in the Matter of the Arbitration Between Dorothy Day Otis MASD Arbitration vs Mo. 91- 01060 Gregory Kovner ?or Claimant: Mr. Michael L. Paule - Investors Artoitranico. Services, lac. For Respondent: Mo Appearance Statement of < "i*->™ filed: April 4, 1991 Claimant'a Submission Agreement signed on: March 22, 1391 No Statement of Answer filed by Respondent, Gregory Kovner No Submission Agreem

N.A.S.D. AWARD >WTICNAL ASSOCIATION OF SECURITIES DEMURS In the Matter of the Arbitration Between Namg nf ClaJnaTTf I $ } Leonard Gerstei Sheila Garstel vs. ^gQ^^jJJ'vCtonsolicLated w j.th 90-03215 of Rp«nnnrtont-,g> Prudent- -inl-Pur-ho £at~irrj1-if»m t Inc. Filip isack For Claiinanta: Leonard Gerstei of 591 Cervantes Drive, Green Valley, NV 89014 For Respondents: Christopher P. Trapani, Esq. of Prudential-Bache