N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Napie nf Claimant Nadler Holding Co., Ltd. Case Number 94-02197 of Rsnnndents Greenway Capital Corporation Mayer Amsel EEESENIATN For Claimant Nadler Holding Co., Ltd. ("claimant") appeared Bruce S. Schaeffer, Esq., New York City, New York. For Respondent Greenway Capital Corporation ("Greenway") appeared Ruthann Niosi, Esq. , New York

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimants Ronald S. and Annetta Essary and 01-03158 Kansas City, Missouri Name of Respondents Marion Bass Securities Corporation, Marion Frederick Bass, Jr., Marion Bass Investments Group, Gregory Lowe, Mark Fitzgerald Bass, Robert James Brietz, Sr., Gerald Paul Chandik, Randolph McCraven Nash, and Robert Harold Reber, Jr. Josephthal & Co.,

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant James W. Givens 94-02195 Name of Respondents Lovett Underwood Neuhaus & Webb, Inc. Buddie C. Ballard CASE SU]VtMARY In a claim filed with the National Association of Securities Dealers, Inc. on June 10, 1994, Claimant James W. Givens ("Givens"), through his representative Paul N. Young of Securities Arbitration Group, Inc.

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Pauline J. Watson 94-02194 Name of Respondents') Smith Barney, Harris Upham & Co., Inc. Joseph R. Kelley CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on June 10, 1994, Claimant Pauline J. Watson, who appeared Pro Se, alleged that Respondents Smith Barney, Harris Upham & Co. Inc., (

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Bert Engel 94-02190 Name of Respondents Mark D. Baldinger CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on June 9, 1994, Claimant Bert Engel, who appeared Pro Se, alleged that Respondent Mark Baldinger ("Baldinger") purchased 1700 Information Management Technologies, Inc. warrants

NASD REGULATION, INC. AWARD In the Matter of the Arbitration Between Name of Claimants Juliette Kleinman and Justin Kleinman vs. Case No. 94-02241 Consolidated with Name of Respondents Case No. 94-04250 Gruntal & Co. and Donald Giantonio REPRESENTATION For Claimants Juliette Kleinman ("Ms. Kleinman") and Justin Kleinman ("Mr. Kleinman") (collectively "Claimants"), Harold I. Geringer, Esq. from the law of Geringer & Dolan located in New Y

NASD REGULATION, INC. AWARD In the Matter of the Arbitration Between Name of Claimants Juliette Kleinman and Justin Kleinman vs. Case No. 94-02241 Consolidated with Name of Respondents Case No. 94-04250 Gruntal & Co. and Donald Giantonio REPRESENTATION For Claimants Juliette Kleinman ("Ms. Kleinman") and Justin Kleinman ("Mr. Kleinman") (collectively "Claimants"), Harold I. Geringer, Esq. from the law of Geringer & Dolan located in New Y

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between David K. Hayes 94-02189 Name of Respondents Franklin-Lord. Inc. Robert Arthur Bradley T. Shaw CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on June 10, 1994, Claimant David K. Hayes, who appeared Pro Se, alleged that Respondents Bradley T. Shaw ("Shaw"), Robert Arthur ("Arthur") and Franklin-Lord, I

PUBLIC N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants) Adol Theo Owen-Williams, Jr 94-02187 Name of Respondent^ Merrill Lynch Pierce Fenner & Smith Inc REPRESENTATION The Claimant appeared pro se. For Respondent Merrill Lynch, Pierce, Fenner and Smith, Inc. ("Merrill Lynch"): Kathleen Pontone, Esq. of the law firm of Miles and Stockbridge, Baltimore, MD. CASE INFOR

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Robert E. Burke 94-02174 Name of Respondent^ Lew Lieberbaum & Co. Christopher McMurray Sheldon Lieberbaum CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on June 9, 1994, Claimant Robert E. Burke, Who appeared Pro Se, alleged that Respondents Lew Lieberbaum & Co., Inc. ("LLC"), Ch