Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Flint Card, Claimant v. U.S. Bancorp Piper Jaflray, Inc. and John H. Gonnason, Respondents Case Number: 01-03128 Hearing Site: Seattle, Washington REPRESENTATION OF PARTIES For Claimant: Frank W. Birkholz, Esq. Law Offices of Frank W. Birkholz Seattle, Washington For Respondents: Lisa M. Bertain, Esq. Keesal, Young, & Logan San Francisco, California Statem

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Jon W. Salmanson, Lawrence H. Margolis, Bennett Mostel, Charles H. Wocdworth, Howard S. Klar, Frank M. Cordovano, Lawrence S. Loughlin, Stuart Solomon, and Roger W.A. Spillman (Claimants) vs. Prudential Securities Incorporated (Respondent) Case Number: 02-00641 Hearing Site: New York, New York Nature of the Dispute: Associated Persons vs. Member. REPRESENTATION OF PARTIES Claima

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 06-02078 Lillian Irvin and Lillian Irvin, IRA, (Claimants) vs. Janney Montgomery Scott, LLC, (Respondent) ATTORNEYS: For Claimants appeared Jean P. Hanna, Esq., of the firm Law Offices of McCausland, Keen & Buckman, Radnor, PA. For Respondent appeared in-house counsel Carrie L. Chelko, Esq., Philadelphia, PA. NATURE OF DISPUTE: Customers vs. Member DATE FILED: April 21, 2006 CASE SU

NASD REGULATION NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 06-01157 Floyd Anthony Williams, (Claimant) vs. Legg Mason Wood Walker, Inc. and Paul J. Higgins, (Respondent) ATTORNEYS: Claimant appeared pro se, Salem, VA. For Respondents appeared in-house counsel Gretchen L. Klebasko, Esq., Baltimore, MD. NATURE OF DISPUTE: Customer v. Member and Associated Person DATE FILED: March 7, 2006 CASE SUMMARY: Claimant alleged that

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 06-00902 GunnAllen Financial, Inc., (Claimant) vs. Lawrence Helbringer, (Respondent) ATTORNEYS: For Claimant appeared Michael S. Colombo, President and CEO of the firm StreetWide Asset Recovery Group, Inc., Lyndhurst, NJ. Respondent did not submit an Answer to the Statement of Claim. NATURE OF DISPUTE: Member v. Associated Person DATE FILED: February 21, 2006 CASE SUMMARY: Claimant alle

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Helen Elliott Family Irrevocable Trust, Richard D. Wallace, Trustee (Claimant) vs. UBS Financial Services, Legg Mason Wood Walker, Christopher J. Roering and Mark Cote (Respondents) Case Number: 06-00441 Hearing Site: Boston, Massachusetts Nature of the Dispute: Customers vs. Members and Associated Persons. REPRESENTATION OF PARTIES Claimant Helen Elliott Family Irrevocable Trus

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Morgan Stanley DW, Inc. (Claimant) vs. Jason Briggs (Respondent) Case Number: 05-05985 Hearing Situs: New York, New York Nature of the Dispute: Member vs. Associated Person. REPRESENTATION OF PARTIES Claimant Morgan Stanley DW, Inc., hereinafter referred to as "Claimant": Phillip J. Campisi, Esq., Westerman Ball Ederer Miller & Sharfstein, Mineola, NY. Respondent Jason Briggs he

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Morgan Stanley DW Inc. (Claimant) vs. Daniel V. Scouler (Respondent) Case Number: 05-05372 Hearing Site: New York, New York Nature of the Dispute: Member vs. Associated Person REPRESENTATION OF PARTIES Claimant Morgan Stanley DW Inc. hereinafter referred to as "Claimant": Robert C. Scremin, Esq., Diane C. Fischer, Esq., Michael Schmiege, Esq., and Thomas Voltz, Esq., Kane & Fisc

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Joseph Sabbagh (Claimant) vs. UBS Financial Services, Inc. (Respondent) Case Number: 05-05060 Hearing Site: New York, New York Nature of the Dispute: Associated Person vs. Member REPRESENTATION OF PARTIES Claimant Joseph Sabbagh hereinafter referred to as "Claimant": Dean G. Yuzek, Esq., Ingram Yuzek Gainen Carroll & Bertolotti, LLP, New York, NY. Respondent UBS Financial Servic

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Christine D. Memet (Claimant) vs. Invest Financial Corporation, Ruth Burgess and Richard Morris (Respondents) Case Number: 05-03701 Hearing Site: Newark, New Jersey Nature of the Dispute: Associated Person vs. Member and Associated Persons. REPRESENTATION OF PARTIES Claimant Christine D. Memet hereinafter referred to as "Claimant": Kenneth B. Falk, Esq., Jaffe & Falk, LLC, Woodb