Award NASD Dispute Resolution In the Matter of the Arbitration Between: Kelsey Phipps Living Trust Dated June 7, 2000, Claimant v. Morgan Stanley DW Inc., Respondent Case Number: 04-03137 Hearing Site: San Francisco, California Nature of the Dispute: Customer vs. Member REPRESENTATION OF PARTIES For Claimant: Thomas D. Mauriello, Esq. Law Offices of Thomas D. Mauriello San Francisco, California For Respondent: Kevin H. Lewis, Esq. Howard

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Harry and Helen Herman, Claimants Case Number:- 04-03014 v. Hearing Site: Milwaukee, Wisconsin Morgan Stanley DW, Inc. and Pamela K. Grether, Respondents. NATURE OF THE DISPUTE Customer vs. Member Firm and Associated Person REPRESENTATION OF PARTIES Harry and Helen Herman (the "Hermans"), hereinafter collectively referred to as "Claimants": Thomas W. Kyle, Esq

REVISED STIPULATED AWARD NASD Dispute Resolution In the Matter of Arbitration Between: Name of Claimant JAMES M. PEDERSON and Case Number: 04-02906 Names of Respondents Hearing Location: Houston, Texas WASHINGTON SQUARE SECURITIES, INC. and JAYKABAD NATURE OF CASE Customer v. Member and Associated Person REPRESENTATION OF PARTIES James M. Pederson ("Claimant") was represented by Brian E. Bro, Esq., The Law Offices of Brian Bro, H

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimant Case Number: 04-02111 Morgan Keegan & Co., Inc. Name of the Respondent Hearing Site: New Orleans, LA Michael J. Pagan, Sr. Nature of the Dispute: Member vs. Associated Person. REPRESENTATION OF PARTIES For Morgan Keegan & Co., Inc. ("Morgan"), hereinafter referred to as "Claimant": Shea O'Brien Hicks, Esq., Staff Attorney, Morgan, Memphis, TN. Michae

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 04-01899 UBS Financial Services, Inc., Claimant v. Reginald Burt, Respondent ATTORNEYS: For Claimant UBS Financial Services, Inc. ("Claimant") appeared Laura Martin, Esq., of the firm Davidson & Grannum, LLP, Northvale, NJ. Respondent Reginald Burt ("Respondent") did not file a Statement of Answer in this matter. NATURE OF DISPUTE: Member v. Associated Person. DATE FILED: March 19, 2004.

Award NASD Regulation, Inc. In the Matter of the Arbitration Between: John E. Anderson v. Joseph A. Lamothe, Jr., Lawrence I. Kravetz, Fiserv Correspondent Services, Inc. and Lumiere Securities, Inc. Case Number: 99-2332 Hearing Site: Omaha, Nebraska REPRESENTATION OF PARTIES Claimant, Party Name ("Anderson"), hereinafter referred to as "Claimant": David E. Vohs, Esq., Sioux City, Iowa. Respondent, Joseph A. Lamothe, Jr. ("Lamothe") a/k/a Jody Lamot

Modified Award NASD Dispute Resolution In the Matter of the Arbitration Between: Purshe Kaplan Sterling Investments (Claimant) v. Oppenheimerfunds Distributor, Inc. (Respondent) Case Number: 04-00412 Hearing Site: Albany, New York Nature of the Dispute: Member vs. Member. REPRESENTATION OF PARTIES Claimant Purshe Kaplan Sterling Investments ("PKS") hereinafter referred to as "Claimant": David M. Purcell, Esq., Purshe Kaplan Sterling Investments, Alb

Award NASD Dispute Resolution In the Matter of the Arbitration Between: William S. Reyner (Claimant) v. Goldman, Sachs & Co. (Respondent) Case Number: 03-08771 Hearing Site: New York, NY Nature of the Dispute: Associated Person vs. Member. REPRESENTATION OF PARTIES Claimant William S. Reyner ("Reyner") hereinafter referred to as "Claimant": John F. Duane, Esq., New York, NY. Respondent Goldman, Sachs & Co. ("Goldman") hereinafter referred to as "Res

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Cole T. Coffer (Claimant) v. ICAP/Investment Services and Trading, LLC and Syndicate Trading, LLC (Respondents) Case Number: 03-08475 Hearing Site: New York, New York Nature of the Dispute: Associated Person v. Member and Non-Member. REPRESENTATION OF PARTIES Claimant Cole T. Coffer ("Coffer") hereinafter referred to as "Claimant": Scott Browning Gilly, Esq., Thompson Wigdor & G

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Names of Claimants Barbara Gerard and Cyril H. Gerard, Individually and as Trustee of the Cyril H. Gerard Rev. Living Trust and Case Number: 03-07745 Hearing Site: Detroit, Michigan Names of Respondents Magellan Securities, Inc., Larry T. Woods, and Terry Laymon NATURE OF DISPUTE Customers v. Member and Associated Persons REPRESENTATION OF PARTIES Barbara