PUBLIC AssoaancN op b N.A.S.D. AWARD OERLERS zie Matter of the Arbitration Between Mane of Clainanca Lester R. and Gerda K. Angevme 91-02159 PaineWettocr, Inc. William R. Via Arortrarjon National Association of Securities Dealer*, inc. NASD Fnanciai Center 23 Whitenail Street New /orx. N.Y. "OOOt -*X 1212! 858-4389 Claizancs Lester R. and Garda K. Angevtne ( "CLainanca" ) were represented by Bradley P. Marrs, Esq.

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Stanley E. Williams Grayce Williams 96-02246 Name of Respondent Piper Jaffray Inc., CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on May 28, 1996, Claimant Stanley E. and Grace Williams ("Claimants), who appeared Pro Se, alleged that Respondent Piper Jaffray, Inc. ("Respondent") did

AWARD NASD Regulation, Inc. Office of Dispute Resolution In the Matter of the Arbitration Between Laslaw Rogalski and Wanda R. Rogalski Claimants, v. No. 96-05683 Gilford Securities Incorporated and Pawel Mosakowski. Respondents. REPRESENTATION OF PARTIES Claimants Laslaw and Wanda Rogalski ('Claimants") were represented by Thomas P. Ward, Esq. of McBride, Baker & Coles located in Chicago, Illinois. Respondent Gilford Securities Inco

NASD REGULATION, INC. AWARD In the Matter of the Arbitration Between Name of Claimant A.G. Edwards & Sons, Inc. vs. Case No. 97-02726 Name of Respondent James C. Burns REPRESENTATION For Claimant A.G. Edwards & Sons, Inc. ("Claimant") appeared Catherine Hope Johnson, Esq., in-house counsel at A.G. Edwards & Sons, Inc., located in St. Louis, Missouri. For Respondent James C. Burns ("Respondent") appeared Frank Bersani, Jr., Esq., located

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Prudential Securities, Inc. 95-01898 Name of Respondent Greg Viola REPRESENTATION For Claimant appeared Christopher Freeze, Esq., in-house counsel at Prudential Securities, Inc. Respondent appeared Pro Se. CASE INFORMATION The Statement of Claim was filed on April 17, 1995. Claimant's Submission Agreement was signed on

NASD REGULATION, INC. AWARD In the Matter of the Arbitration Between Name of Claimant GKN Securities Corporation 97-02799 Name of Respondent Brian Frey REPRESENTATION For Claimant GKN Securities Corp. ("Claimant") appeared Katherine Nathan, Esq., of the firm GKN Securities Corp. located in New York, New York. Respondent Brian Frey ("Respondent") did not enter an appearance in this matter. CASE INFORMATION Statement of Claim was filed

N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION T INC. CASE:97-03198 Zhichuan Zhao, claimant vs. Perpetual Securities, Inc., respondent. ATTORNEYS: Claimant appeared Pro Se, Ocean, NJ. Respondent appeared Pro Se, through its Compliance Officer, Cathy Huang, New York, NY. DATE FILED: June 21, 1997. CASE SUMMARY: Claimant alleged that respondent charged excessive commissions and misinformed him about the executi

AWARD NASD Regulation, Inc. In the Matter of the Arbitration Between Name of Claimant Bradley Franzen and 98-00105 Name of Respondent Investors Associates, Inc. Joseph J. Mandaro REPRESENTATION OF PARTIES Bradley Franzen ("Claimant") was represented by Bradley J. Schmidt, Esq., Schmidt, Thompson, Johnson & Moody, Wilmar, Minnesota. Investors Associates, Inc. ("Respondent Investors") did not appear at the hearing. Joseph J. Mandaro ("

STIPULATED AWARD NASD Regulation, Inc. In the matter of the Arbitration between: Name of Claimant Patrick Manna 98-01346 Name of Respondents OLDE Discount Corporation and Victor Katis, / REPRESENTATION For Claimant: James J. Eccleston, Esq. of Eccleston & Associates, P.C., Chicago, Illinois. For Respondents: Howard M. Klausmeier, Esq. and Kurt W. Lofgren, Esq. of Olde Discount Corporation, Detroit, Michigan. CASE INFORMATION

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Jerry Deruelle and Carol DerUelle, (Claimants) vs. Everen Securities, Inc. and Samuel Paul, (Respondents) Case Number: 99-02242 Hearing Site: Cleveland, Ohio REPRESENTATION OF PARTIES Claimants, Jerry Deruelle ("J. Deruelle") and Carol Deruelle ("C. Deruelle"), hereinafter collectively referred to as "Claimants**: James B. Davis, Esq., Attorney at Law, Newbury, OH. Previously re