N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between of PI a i mants Richard P. Wolsfeld, Jr. 90-00050 Name of Respondent^ Piper, Jaffray & Hopwood, Inc. Warren Michael Adams Case Sunmry Richard P. Wblsfeld ("Claimant") alleged that Warren Michael Adams ("Adams"), a registered representative of Piper, Jaffray, & Hopwood, Inc. ("Piper") (Adams and Piper are collectively referred to herein as "

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Eugene W. Gabriel Claimant(s) vs. 90-00049 Hibbard Brown and Joseph Chester Respondent(s) NOTICE OP ARBITRATION AWARD CASE SUMMARY Claimant(s) Eugene W. Gabriel alleged that Respondent(s) Hibbard Brown and Joseph Chester misrepresented material facts as to Claimant's investment with Respondent. Respondent(s) deny Claimant's allegations.

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. / In the Matter of the Arbitration Between ) Dorothy Clark ) Claimant ) ) AWARD vs. ) ) NASD NO. 90-00048 Alex Brown & Sons, Inc. } Robert Dietrich ) Respondents ) SUMMARY OP ISSUES This case was filed with the National Association of Securities Dealers, Inc. ("NASD") on January 2, 1990. Claimant alleged: 1. churning; 2. breach of fiduciary duty;^3.^ unsuitability; 4. misre

Award NASD Dispute Resolution In the Matter of the Arbitration Between: The Helen Tenenholtz Revocable Trust dated 12/8/94, Claimant v. Morgan Stanley DW Inc., Morgan Stanley & Co., Incorporated, Morgan Stanley Trust, and Morgan Stanley, Respondents Case Number: 04-08835 Hearing Site: San Diego, California Nature of the Dispute: Customer v. Members and Non-Members REPRESENTATION OF PARTIES For Claimant the Helen Tenenholtz Revocable Trust dated

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Virgie Hyle and Beverly Bamhart v. Legacy Financial Services, Inc. and Joseph R. Karsner, IV. Case Number. 04-08296 Hearing Site: Washington, DC Nature of the Dispute: Customers vs. Member and Associated Person. REPRESENTATION OF PARTIES Claimants, Virgie Hyle and Beverly Barnart, hereinafter collectively referred to as "Claimants", were represented by William B. Youn

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 04-08055 National Securities Corporation (Claimant) v. Sunny Dcwue (Respondent) ATTORNEYS: For Claimant National Securities Corporation ("Claimant") appeared Michael S. Colombo, President, Streetwide Asset Recovery Group, Inc., New York, NY. Respondent Sunny Ikwue ("Respondent") did not submit a Statement of Answer in this matter. NATURE OF DISPUTE: Member v. Associated Person. DATE FILED

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION. INC. CASE: 01-03109 Richard E. Antkowiak, Claimant vs. E*Trade Securities, Inc., Respondent. ATTORNEYS: Claimant, Richard E. Antkowiak, appeared pro se, Auburn, MA. For Respondent, E*Trade Securities, Inc., appeared Colleen Wink, Compliance Analyst, of E*Trade Securities, Inc., Rancho Cordova, CA. DATE FILED: June 12, 2001 CASE SUMMARY: Claimant alleged that respondent was negligent in providing

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Vinoy Sood and Krishna Sood (Claimants) vs. UBS Financial Services, Inc., Successor in Interest to PaineWebber, Inc., Peter Cleary, William R. Lee and Michael O'Neil (Respondents) Case Number: 04-07938 Hearing Site: Cleveland, Ohio Nature of the Dispute: Customers vs. Member and Associated Persons REPRESENTATION OF PARTIES Claimants Vinoy Sood ("V. Sood") and Krishna

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Claimants Robert Lynn Pourchot, Trustee of the Robert Lynn Pourchot Trust; Donald W. Orr, Trustee of the Pork Chop Trust; The Will Foundation; Pourchot Investments LP; Phillip M. Pourchot, Trustee of the Phillip M. Pourchot Revocable Trust and Robert L. Talley and Pamela J. Talley and Case Number: 04-07933 Hearing Site: Oklahoma City, Oklahoma Respondents AXA Advisors

NASD DISPUTE RESOLUTION'A WARD NASD DISPUTE RESOLUTION CASE: 04-07847 Iris Asbury, (Claimant) vs. UBS Financial Services, Inc., (Respondent) ATTORNEYS: For Claimant appeared William J. King, Esq., of Law Offices of William J. King, Irvine, CA. For Respondent appeared in-house counsel Ted W. Lieu, Esq., Los Angeles, CA. NATURE OF DISPUTE: Customer vs. Member DATE FILED: November 15,2004 CASE SUMMARY: Claimant alleged that Respondent breached thei