NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Lorraine M. Olson Claimant(s) vs. 89-01955 Dain Bosworth and Everett and Elizabeth Thompson Respondent(s) NOTICE OF ARBITRATION AWARD CASE SUMMARY Claimant(s) Lorraine M. Olson alleged that Respondent(s) Dain Bosworth and Everett and Elizabeth Thompson misrepresented material facts as to Claimant's investment with Respondents. Respondent (s) d

Arbitration National Aaaodation of Securitto Deafen, Inc. NASD Financial Center NATIONAL ASSOCIATION OF SECURITIES DEALERS 33 Whitehall Strew New York. New YorK ICO In t]s totter of the Arbitration Between Roger J; Pasquarella 89-01954 Mams of Respondent [sj Advest, Inc. Raymond Fazzalaro CASE StMOVRY Claimant alleged that Respondents, after Claimant purchased a life insurance policy and placed additional monies with Respondents

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Southwest Securities, Inc. Claimant(s) vs. 89-01950 Stephen L. Hodge Respondent(s) NOTICE OF ARBITRATION AWARD CASE SUMMARY Claimant(s) Southwest Securities, Inc. alleged that Respondent(s) Stephen L. Hodge was overpaid on a securities transaction. Respondent(s) has not answered Claimant's allegations. RELIEF REQUESTED Claimant(s) Southwest Se

AWARD NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between Name of Claimants Estate of Clele J. Joseph, Judith Ann Joseph Trust and Joanne Milakovic Trust and 99-02723 Indianapolis, Indiana Name' of Respondents Bear Stearns Securities Corp. Dennis Zator REPRESENTATION OF PARTIES Estate of Clele J. Joseph, Judith Ann Joseph Trust and Joanne Milakovic Trust (collectively as "Claimants") were represented by Thomas

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Kenneth J. Reefer Claimant(s) vs. 89-01948 Ron Smith and First Hontauk Securities Corp. Respondent(s) NOTICE OF ARBITRATION AWARD CASE SUMMARY Claimant(s) Kenneth J. Keefer alleged that Respondent(s) Ron Smith and First Montauk Securities Corp. failed to execute orders made by Claimant. Respondent(s) deny Claimant's allegations. RELIEF REQUEST

N.A.S.D. AWARD NKTICNRL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Sara L. Satin & Ruthann B Satin 89-01947 Name of Merrill Lynch, Pierce Fanner & Smith Inc Richard T. Descano For Claimant: David M. Greenberg, Esq. For Respondent: Cameron Stout, Esq. Statement of Claim filed: July 10, 1989 Claimant's Submission Agreement signed on: June 16, 1989 Statement of Answer filed by Respondents on: September 8, 198

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Irmgard Seebauer Claimant(s) vs. 89-01946 Graystone Nash, Inc., Tom Ackerly and Dennis Williams Respondent(s) NOTICE OF ARBITRATION AWARD CASE SUMMARY Claimant(s) Irmgard Seebauer alleged that Respondent(s) Graystone Nash, Inc., Tom Acker ly and Dennis Williams made misrepresentations and alleges insider trading. Respondent(s) deny any allegations

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Yun Cheng Wu Claimant(a) vs. 89-01944 Lin-Wen Ten Respondent(B) NOTICE OF ARBITRATION AWARD CASE SUMMARY Claimant(s) Yun Cheng Wu alleged that Respondent(s) Lin-Wen Ten was supposed to cancel a transaction and Claimant was only supposed to be liable for a $45.00 penalty fee. The sale went through and now the clearing agent is trying to collect

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between MADELINE OATES vs. POWER SECURITIES CORP., GREG LEIBENGUTH and MICHAEL RIORDEN. Claimant, Respondents. Heard before the members of the Arbitration Panel: Roger C. Benson James F. Turner III Arthur De Stefano Case 139-01939 Award CASE SUMMARY This claim was filed with the NASD, Inc. on July 7, 1989. The hearing was conducted in Tampa,

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between Regina and Peter Longo Claimant vs. Case 189-01937 AWARD Anthony Ferrone and Thomson McKinnon Securities, Inc. Respondents CASE SUMMARY Claimants Regina and Peter Longo alleged that Respondent Anthony Ferrone made misrepresentations and unsuitable investment recommendations to them. Specifically, the Claimants alleged that the recommendation of