N.A.S.D. .AMID NATIONAL ASSOCIATION OF bfcUUKlTlJfif DEAI£RS In tha Matter of the Arbitration Between Kenneth B. & Sheryl Sands '^f • I 11 and 89-011437^^^fTf^^-^^^J I Graystone Nash, Inc. ^***"'*^*^^ i> ^ **' C HlCAr* Arthur Espinoza ^^^"*«»^ ^**GO RRH Clainants were pro se. Respondent. Graystone Nash, Inc. was represented by Lester Morse, Esq., Great Neck, New York. Respondent Arthur Espinoza was represented by All*

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between Paul A. Clark Claimant CASE #89-01142 vs: Merrill Lynch, Pierce, Fenner & Smith, Inc. Respondent AWARD Case Summary Claimant alleged that Respondent improperly sold stock in his cash management account and failed to reinstate his account to its position prior to the sale upon his request. Respondent maintained that Respondent's broker made recom

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between GARRETT F.X. BEYRZNT, vs. OPPENHEIMER 5, CO., INC., Claimant, Respondent, vs. RHONDA FORD, PROFESSIONAL BROKERAGE SERVICES, and DOUGLAS BREMEN & CO., Third Party Respondents. Heard before the members of the Arbitration Panel: William A. Fleck, Esq. Mr. Harold Kramer Mr. Edward S. Boslow III Case #89-01140 Final Order CASE SUMMARY

M.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Russell Wayne Lee 89-01136 Shearson Lehman Button, Inc. In a claim filed by Russell Wayne Lee ("Claimant") on or about April 16, 1989, Claimant alleged that Shearson Lehman Hutton ("Respondent") falsely stated and omitted to state material facts in connection with transactions conducted in Claimant's account; failed to advise Claimant of the risks

NATIONAL ASSOCIATION OF SECURITIES DEALERS. INC. In the Matter of the Arbitration Between EASSA PROPERTIES, A FLORIDA GENERAL PARTNERSHIP, vs. SHEARSON LEHMAN. MICHAEL W. SWOFFORD and TERRY W. BISHOP Claimant, Respondents. Heard before the members of the Arbitration Panel: Arthur J. Leibell, Esq. Harry Polansky Anthony S. Paetro, Esq. Case 189-01125 Award CASE SUMMARY This claim was filed with the NASD, Inc. on April 14,

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant fs| Rick and Jane Cochran 89-01133 Nare of Respondent(5) Sherwood Capital Inc. Matthew Wochele Albert Pierantozzi Claimants Rick and Jane Cochran alleged that Respondents Sherwood Capital, Inc., Matthew Wbchele, and Albert Pierantozzi misrepresented securities to the Claimants and failed to qualify the Claimants for the

Award NASD Regulation, Inc. In the Matter of the Arbitration Between: Gregory H. Madding and Murray G. Bodine, (Claimants) vs. First Security Van Rasper, Inc. and First Security Corporation, (Respondents). Case Number: 99-02645 Hearing Site: San Francisco, California. REPRESENTATION OF PARTIES Gregory H. Madding and Murray G. Bodine hereinafter collectively referred to as "Claimants": Jeffrey R. Chanin, Esq., Keker & Van Nest, San Francisco, California.

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Paul and Barbara Voitko Claimant(s) vs. 89-01132 Graystone Nash, Inc. and Cutwater & Wells, Inc. Respondent(s) NOTICE OP ARBITRATION AWARD CASE SUMMARY Claimant (s) Paul and Barbara Voitko alleged that Respondents) Graystone Nash, Inc. and Outwater & Wells, Inc. provided misleading information to Claimants in order to induce the belief that ce

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Kiamichi Enterprises, Inc. Claimant(s) vs. 89-01129 Debra A. Body and Power Securities Corp. Respondent(s) NOTICE OF ARBITRATION AWARD CASE SUMMARY Claimant(s) Kiamichi Enterprises, Inc. alleged that Respondent(s) Debra A. Body and Power Securities Corp. fraudulently misrepresented material facts as to Claimant's investments with Respondents.

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between John and Sharon Messarian Claimants vs. Shearson Lehman Hutton and William James Respondents : AWARD I 89-01122 Case Summary Claimants, John and Sharon Messerian (Claimants), alleged that Respondents, Shearson Lehman Hutton ("Shearson") and William James ("James"), the account executive which handled the Claimants' account, recommended to the