NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between[ Roy Stripe Claimant(s) vs. 89-01121 Guardian International Securities Corp. Respondent(s) NOTICE OF ARBITRATION AWARD CASE SUMMARY Claimant(s) Roy Stripe alleged that Respondent(s) Guardian International Securities Corp. failed to disclose material facts as to Claimant's investment with Respondent. Respondent(s) denies Claimant's allegations.

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Victor and Stephanie Balavram Claimant(s) vs. 89-01120 Wall Street Clearing Co. Respondent(s) NOTICE OF ARBITRATION AWARD CASE SUMMARY Claimant(s) Victor and Stephanie Balavram alleged that Respondents) Wall Street Clearing Co. sold shares below order price. Respondent(s) maintain that it sold the shares pursuant to orders. RELIEF REQUESTED

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between ) ) Name Of Broker-Centro, Ltd. ) Case Ho. 83dUlI2~ Broker-Centre, U.S.A., Inc. } Case No. 89-01113 Consulting Centro, Ltd. ) Case Nb. 89-01114 Invest-Centro, Ltd. } Case No. 89-01115 Shearson Lehman Hutton, Inc. ) Orlando Mirillo ) Alejandro Lacayo ) Heard before the members of the Arbitration Panel: Steven Ainbinder, Esq. Craig Ed

10 N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Doris Kahn Case No. 89-01111 Name of Respondent Smith Barney Harris Upham & Co., Inc. REPRESENTATION For Claimant, Doris Kahn ("Kahn"): Robert Dyer, Esq. of Allen, Dyer, Doppelt, Franjola & Milbrath, P.A., of Orlando, Florida. For Respondent, Smith Barney Harris Upham & Co., Inc. ("Smith Barney"): Paul K. Barenholtz,

NATIONAL ASSOCIATION OF SECURITIES DEALERS. INC. IN THE MATTER OF THE ARBITRATION BETWEEN Robert J. Smyth Claimant vs. Sherwood Capital, Inc., J.T. Moran & Co., Inc. and Scott Toohey Respondents Case #89-01110 AWARD CASE SWfMRY Claimant Robert J. Smyth ("Smyth") alleged that the Respondent Scott Toohey ("Toohey"), a former employee of Respondent Sherwood Capital, Inc. ("Sherwood") and Respondent J.T. Moran & Co., Inc. ("J.T. Moran"),

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Robert M. Cooper Claimant(s) vs. 89-01109 Fidelity Investments Respondent(s) NOTICE OF ARBITRATION AWARD CASE SUMMARY Claimant(s) Robert M. Cooper alleged that Respondent(s) Fidelity Investments failed to execute trade orders on a timely basis. Respondent(s) denies Claimant's allegations. RELIEF REQUESTED Claimant(s) Robert M. Cooper requested

NATIONAL ASSOCIATION OF SECURITIES DEALERS. INC. IN THE MATTER OF THE ARBITRATION BETWEEN Esther S. Hirshberg Claimant vs. Case *89-01108 AWARD Legg Mason Wood Walker, Inc. Respondent CASE SUMMARY Claimant Esther Hirshberg alleged that the Respondent Legg Mason Wood Walker, Inc. ("Legg Mason"), through its former employee, Michael B. Chamberlain, breached its fiduciary obligation and was negligent in advising the Claimant to purchase

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between Name of Claimant George S. Newman, fbo Bloomin Newman's and Nathan Newman, minor child vs. Case No. 99-02642 Name of Respondents The First American Investment Banking Co. Earl Edward Van Landingham REPRESENTATION OF PARTIES Claimant, George S. Newman, on behalf Bloomin Newman's and Nathan Newman, a minor, hereinafter referred to as "Claimant" appeared pro se.

Stipulated Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between; Name of Claimant: Ruth S. Chenoweth, Individually and as Trustee of the Ruth S. Chenoweth Trust U/A dtd 10/21/94 Case No: 00-01030 Names of Respondents: S.G. Cowen Securities Corporation and Edward Ian Herbst Hearing Site: Boca Raton, Florida REPRESENTATION OF PARTIES For Ruth S. Chenoweth, Individually and as Trustee of the Ruth S. Chenoweth Tru

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant./a| Edward A. Weiler 89-01107 The Robinson-Hunphrey Company Lawrence L. Orr, III William Effinger Heard before: Name Public/Industry Christopher J. tferan, Jr., Esq. Public Arbitrator Claimant Edward A. Weiler appeared pro se. Respondents The Robinson Humphrey Company, Lawrence L. Orr, III, and William Ef finger were re