Award NASD In tne Matter 01 the Arouration between: Names of the Claimants Case Number: 01-03120 John M. Lyon HI and Carla F. Lyon as Trustees of the John M. Lyon HI and Carla F. Lyon Living Trust Names of the Respondents Hearing Site: Boca Raton, Florida Jefferson Pilot Securities Corp. Stanley Rosenthal REPRESENTATION OF PARTIES For John M. Lyon El and Carla F. Lyon as Trustees of the John M. Lyon IE and Carla F. Lyon Living Trust ("Ly

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Arthur Evans Claimant(s) vs. 90-00133 Spencer Winston Securities, Inc. Respondent(a) NOTICE OF ARBITRATION AWARD CASE SUMMARY Claimant (s) Arthur Evans alleged that Respondent(s) Spencer Winston Securities, Inc. violated the terms of a short sale transaction. Respondent(s) maintain that the Claimant never informed them of his intention to

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Harvey Resnik et al Clairaant(s) vs. 90-00132 Shearson Lehman Button, Inc. and Robert B. Gillen Respondent(s) NOTICE OF ARBITRATION AWARD CASE SUMMARY Claimant (s) Harvey Resnik et al alleged that Respondent (s) Shearson Lehman Button, Inc. and Robert B. Gillen caused Claimant to suffer a loss by failing to advise Claimant of a call for redemp

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Charles E. Januschka 90-00124 f Respondent s Evan Ryan J.B. Sterling Corp. Dick Gilson In a claim filed with the NASD on or about January 9, 1990, Charles E. Januschka ("Claimant") alleged that Respondents Evan Ryan, J. B. Sterling Corp. and Richard Gilson failed or refused to execute an order to sell 8000 shares of TVCN stock. In their

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Robert G. Frey Claimant(s) vs. 90-00123 Cecelia Carter and Blinder, Robinson & Co., Inc. Respondent(s) NOTICE OF ARBITRATION AWARD CASE SUMMARY Claimant(s) Robert G. Frey alleged that Respondent(s) Cecelia Carter and Blinder, Robinson & Co., Inc. executed an unauthorized transaction in Claimant's account. Respondent Blinder, Robinson & Co.

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Heiti Kotkas Claimant(s) NOTICE OF ARBITRATION vs. AWARD 90-00122 First Albany Corporation and Gene Altntan Respondent(s) CASE SUMMARY Claimant(s) Heiti Kotkas alleged that Respondent(s) First Albany Corporation and Gene Altman made an improper liquidation. Respondent(s) answered contending that they acted in good faith on the directions given by Clai

N.A.S.D. AWARD ASSOCIATION OF SECURITIES DEALERS la the Matter of the Arbitration Between ) ) Name of Claimant (s) ) *-«»»«««»,»_ } George ) CWe Mb. 90-00117 Name of Respondent (s) ) :=_»__**» ) Morgan ffUyWnr"* Holding Corp. ) Morgan Gladstone & Co., lac. ) Richard Gladstone ) Kerry For Claimant, George Doehring ("Doehring"): Ehilip Snyderburn, Esq. of Snyderburn, Rlshoi & Swam. For Respondents, Muivwi 1 iriM

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between") ) JtomgofC^iaanti^ ) ) Alexander 6. Rappaport ) ) ) Case No. 90-00116 ) NmBofjtesrontentfsl ) ) First Union Brokerage Services, Inc. ) Heard before the markers of the Arbitration Panel: George S. Colt, Jr., Esq. Public Eugene B. Harper Industry Joseph A. Vfeston Public This matter was initiated by a Statement of Claim

I I N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the totter of the Arbitration Between Phyllis Price 90-00114 Rotan Moale Inc. John Nadlenan CASE SOMKr In a claim filed with the NASD on or about January 8, 1990 Phyllis Price ("Claimant") alleged that John Nadleman and Rotan Masle Inc. (collectively "Respondents"): 1) engaged in a scheme to induce borrowing by misrepresenting and failing to disclose material information co

N.A.S.D. AWARD NftTICNAL ASSOdATICK OF Sa.UKi'1'lES DEALERS In the Matter of the Arbitration Between T ) Name of daiaantts) ) *—— -^-^ ) Louis Kramer ) ) ) Case No. 90-00112 Name of Marrill Lynch Pierce Fanner & Smith IDC } D. *•* yrfrfriqyf fT" } For Claimant, Louis Kramer ("Krascner") s John P. Mmrinelli, Bvq. of the Law Offices of John P. Marinelli, P.A. For Respondents, Merrill Lynch Pierce Famer & Snith, inc. (•Merri