NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. in the Matter of the Arbitration Between) Philip Beitpolice ) Claimant ) ) AWARD vs. ) } NASD #90-01800 Merrill Lynch, Pierce, ) Fenner & Smith, Inc. ) Respondent } SUMMARY OF ISSUES Claimant alleged unauthorized trading, breach of fiUm.ia.cy duty, churning, lack of suitability, fraud, RICO violations and emotional distress arising from options trading in his account. Responden

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between ) ) Marc W. Fevers ) Claimant ) ) AWARD vs. ) ) NASD #90-01792 M.L. Stern & Co., Inc. ) Gustavo Spoliansky ) Respondents ) ) SUMMARY OF ISSUES Claimant alleged that Respondents intentionally misrepresented the risks and suitability for his portfolio of an investment in senior notes of Southmark Corporation. Claimant also alleged

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the .Hatter of the Arbitration Between ; Beatrice H. Lui Claimant ) j AWARD VS . : NASD =90-01741 Dean Witter Reynolds, Inc. Donna Atherton Respondents REPRESENTATION Claimant was represented by Anthony M. Englese, Esq. of San Francisco, California. Respondents were represented by Richard Rogoff, Esq. of Dean witter Reynolds, San Francisco, California. SUMMARY OF ISSUES

N.A.S.D. AWARD NATICNRL ASSCdAIIQN OF SECDRITIES DEALERS In the Matter of the Arbitration Between Name of Shirley Cordasoo Gcaig Goocdasoo Kevin Cordasco Klstoerly The Cordasoo 1985 Family Trust vs. NASD Arbitration No. 90-01693 Mane of Respondents Shearson T.a>»mT^ Brothers, Inc. La Vcnna DOSS Allen Levitt tuafjusiaerLfimCK For Claimant: J. Thomas Cairns, Jr. Esq. - TVPiLiinn, Frppimn & Smiley - For Respondent: Neal

N.A.S.D. AWRRD ASSOCXATXCN OP SEJCDRTTIES DEMERS In the Matter of tba Arbitration Between Walter A. and Marie T. Ungehajer v 90-01453 Drake retail Securities diaries Monica For Claimant: Jamas C. Krause, Esq. - Reniche & Xrause For Respondents Drake Capital Securities - Michael D. Drrahne - Sbaub, Williams, Regan & Walls For Respondentt Charles Monica - In Fro Se CJtfB TWfl Statement of Claim filet M»y 22, 1590 Statement of Answer fi

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS. INC. In the matter of the Arbitration F..-'tween IJame of Claimant (s) Steven I. Friedman Nancy A. Friedman NASD Arbitration No. 93-00866 Name of Respondent. (s) Shearson Lehman HUE.LUU, Inc. Kenneth South For Claimants: Paul N. Young, Securities Arbitration Group, Inc., Marina del Rey, California For Respondents: Stephei; Y~""o. Esq. ana William J. Bridgen, Esq., Keesal,

—__ N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Harv L. Jeppsen vs. NASD #93-01030 of Respondents Piper, Jaffray & Hopwood, Inc. Don J. Laiidn George A. Barker For Claimant: David W. Scofield, Esq., Parsons, Davies, Kinghom & Peters of Salt Lake City, Utah For Respondents: Donald L. Dalton, Esq., Van Cott, BagJey, Cornwall & McCarthy of Salt Lake City, Utah CASE INFORMATION S

N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION, INC. CASE: 99-02253 Michael R. Hensley, claimant vs. E*Trade Securities, Inc., respondent. ATTORNEYS: For Claimant, Michael R. Hensley ("Claimant"), appeared Tracy Pride Stoneman, Esq. of the firm Tracy Pride Stoneman, P.C., Colorado Springs, CO. For Respondent, E*Trade Securities ("Respondent"), appeared Bob Salvador, in-house counsel for E*Trade Securities, Palo Alto, CA.

N . A . S . D . AWARI? NATIONAL ASSOCIATION OF SECURITIES DEALERS. INC. In the matter of the Arbitration Between of Gopalakrishnasastry Balasubramani Lai it ha Balasubramani Krishna Balasubramani NASD Arbitration No. 93-04017 Name of Respondent Cs) Fidelity Investments REPRESENTATION For Claimants: Gopalakrishnasastry, Lalitha and Krishna Balasubramani, Temecula, California For Respondent: James T. Hannink, Esq., Gray Gary Ware &

NATIONAL ASSOCIATION OF SECURITIES DEALERS AWARD In the Matter of the Arbitration Between GERTRUDE SIE, GERTRUDE SIE, TRUSTEE, GERTRUDE SIE LIVING TRUST; WILLY DE BOER, and WILLY DE BOER, TRUSTEE, WILLY DE BOER LIVING TRUST, Claimant*, v. NASD No. 93-1665 MERRILL LYNCH PIERCE FENNER & SMITH. INC., and ASHBY JONES. Respondents. Representation For Claimants: Jeff. Ferentz, Esq., Keith Hollis, Esq. and Richard Nervig, Esq. of Greenb