STIPULATED AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Charles R. McClelland and 02-01989 Phoenix, Arizona Name of Respondents Merrill Lynch Pierce Fenner & Smith, Inc. Kirk J. Gill John S. Simonson Nature of the Dispute: Customer vs. Member and Associated Persons. REPRESENTATION OF PARTIES Charles R. McClelland ("Claimant") was represented by David C. Anson, Esq. of Anson, Lammers and

STIPULATED AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Albert and Elise Baker, Claimants, And Merrill Lynch Pierce Fenner & Smith, Inc, 02-01108 Kirk J. Gill and John Simonson, Phoenix, Arizona Respondents REPRESENTATION OF PARTIES Albert and Elise Baker were represented by David C. Anson, Esq. of Anson, Lammers and Barkley, Tucson, Arizona. Merrill Lynch Pierce Fenner & Smith, Inc.was represented by ToddD. Bro

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 02-01101 The Estate of Barbara C. Duckworth, claimant vs. Morgan Stanley DW, Inc., respondent. ATTORNEYS: For Claimant appeared Neal J. Blaher, Esq., Orlando, FL. For Respondent appeared in-house counsel, Thomas Croke, Esq., New York, NY. DATE FILED: February 25, 2002 CASE SUMMARY: Claimant alleged that respondent failed to timely liquidate the AIM Euroland Growth Fund as requested. Claiman

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 02-01100 InvestPrivate, Inc., claimant vs. Brian Leider, respondent. ATTORNEYS: For Claimant appeared Michael S. Colombo, StreetWide Asset Recovery Group, Inc., New York, NY. Respondent did not respond to the Statement of Claim. DATE FILED: February 25, 2002 CASE SUMMARY: Claimant alleged that respondent failed to repay monies owed on a promissory note upon termination of his employment

Stipulated Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between Robert A. Bochner ("Claimant") v. Tucker Anthony Inc., RBC Dain Rauscher Inc. (successor- by-merger to Tucker Anthony Inc.), Michael H. Rakowsld and Stephen H. Stark NASD Arbitration No. 02-01098 REPRESENTATION OF PARTIES Claimant, Robert A. Bochner, was represented by Nicholas J. Guiliano, Esq. of the Law Offices of Nicholas J. Guiliano. Respondents Tucker Antho

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Brenda M. Emmett and Brenda M. Emmett IRA, Claimants v. The Retirement Group, Frank A. Cuenca, Timothy C. Sullivan, FSC Securities Corporation, a subsidiary of Financial Service Corporation, Financial Service Corporation, Pershing Division of Donaldson, Lufkin & Jenrette Securities Corporation aka Donaldson, Lufkin & Jenrette Securities Corporation, Respondents Case Numbe

STIPULATED AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Claimants Doris Maceroni and Laura Trombley and Case Number. 02-00267 Hearing Site: Detroit, Michigan Respondents Leonard & Company, James W. McLellan and McLellan Capital NATURE OF DISPUTE Customers v. Member and Non-Member REPRESENTATION OF PARTIES Doris Maceroni and Laura Trombley ("Claimants") were represented by Anthony V. Trogan, Esq., and Lys

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Shelia Gay Bixsen, et al. v. Morgan Stanley Dean Witter and Heather Downs Case Number: 02-00190 Hearing Site: Los Angeles, California REPRESENTATION OF PARTIES For Claimants: Shelia Gay Bixsen Jonathan W. Evans, Esq. Shelia Gay Bixsen Retirement Plan Trust Law Offices of Jonathan Shelia Gay Bixsen IRA W. Evans & Associates Los Angeles, California For Respondents: Michael

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Joseph P. Bourdeau and Sandra K. Bourdeau as Trustees for the Bourdeau Family Revocable Living Trust, Claimant v. A.G. Edwards & Sons, Inc., Respondent Case Number: 01-03079 Hearing Site: San Francisco, California Nature of the Dispute: Customer vs. Member REPRESENTATION OF PARTIES For Claimant: Kevin J. Mirch, Esq. Mirch & Mirch Reno, Nevada For Respondent: Matthew Sala

Award NASD Dispute Resolution In the Matter of the Arbitration Between: . nf the Claimant Pase Nnmhpr- 02-00147 Briolette Investment, Ltd. Respondents Hfflring Sitf Philadelphia, PA James W. O'Connor First Liberty Investment Group, Inc. Fiserv Correspondent Services, Inc., n/k/a Fiserv Securities, Inc. n Claimant, Briolette Investment, Ltd. ("Briolette"), hereinafter referred to as "Claimant", was represented by John E. Lawlor, Esq., Attorne