Award NASD Dispute Resolution In the Matter of the Arbitration Between: Jay Farber and Russ Farber, Claimants v. Charles Schwab & Company, Inc. and Morgan Stanley DW Inc., Respondents Case Number: 01-03017 Hearing Site: Los Angeles, California REPRESENTATION OF PARTIES For Claimants Jay Farber and Russ Farber: Timothy D. McGonigle, Esq. Law Offices of Timothy D. McGonigle Los Angeles, California For Respondent Charles Schwab & Company, Inc.

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant James F. Miglian 94-01632 Name of Respondents Biltmore securities Inc. Philippe Steinitz CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on May 2, 1994, Claimant, James F. Miglian ("Claimant"), who appeared Pro Se, alleged that on or about October 15, 1992, he placed an order with

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Maner of the Arbitration Between Name of Claimants Randy and Ursulla L. Rodman 94-01626 Name of Respondents Olde Discount Corporation Tony Arko CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc; on May 3, 1994, Claimants Randy and Ursulla L. Rodman, who appeared Pro Se, alleged that Respondents Olde Discount Corporation ("Olde") and Tony

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Jack and Anne Stratton 94-01622 Name of Respondents Robert Thomas Securities, Inc. Charles Moore Sharon Moore Charles Boyd REPRESENTATION For Claimants Jack and Anne Stratton ("Claimants"): Grant S. Palmer, Esq. of the law firm of Blank, Rome, Comiskey & McCauley, Philadelphia, PA For Respondents Robert Thomas

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Mildred Askins 94-01619 e oftespondents Emanuel & Company Neal Scott CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on May 2, 1994, Claimant Mildred Askins, wjjo appeared Pro Se, alleged that Respondents Emanuel & Company ("Emanuel") and Neal Scott ("Scott") made misrepresentations a

NATIONAL ASSOCIATION OF SECURITIES DEALERS AWARD In the maner of the Arbitration Between Alice A. Koenig Claimant NASD Arbitration No. 94-01613 v. Financial Network Investment Corporation Roy F. Johnson P.espondents REPRESENTATION For Claimant: Dennis R. Villavicencio, Esq., and John Lawrence Allen, Esq., Carlsbad, California For Respondents: Michael Kirby, Esq., and Mary Waltari, Esq., Post Kirby Noonan & Sweat, San Diego, Californi

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between KEMPER SECURITIES, INC. and NASD Case No. 94-01611 GREGORY M. KUSS and GREGORY KNAFELC REPRESENTATION OF PARTIES Claimant, Kemper Securities, Inc. was represented by Diane Fischer of Gomberg Kane & Fischer, Ltd., Chicago, Illinois. Respondent, Gregory M. Kuss was represented by J. Jerome Olitt of Arbitration and Mediation Specialists, inc., S

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of James R. Cassettari 94-01649 Name of Respondent^ s) Fidelity Brokerage Services, Inc. For Claimant, James R. Gassetari ("Cassettari"): £02 Ss, Fort Lauderdale, FL. For Respondent, Fidelity Brokerage Services, Inc. ("Fidelity"): Ann Marie Dever, Esq. of Fidelity, Boston, MA and Larry Goldstein of Fidelity, Fort Lauderdale, FL. CASE INFOR

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Yehoshua S. & Frcida Hecht, JT TEN 94-01646 Name of Respondents Shearson Lehman Brothers, Inc. n/k/a Smith Barney Inc. Y. Asher Goodman CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Ino-. on May 3, 1994, Claimants Yehoshua S. and Freida Hecht, who appeared Pro Se, alleged that Responden

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS. INC, In the matter of the Arbitration Between Name of Claimant(s) Frank Monachello Name qf Responde.pt (a) Olde Discount Corporation James Duncan NASD Arbitration No. 94-01643 For Claimant: Gary R. Mitchell, Esq., Los Angeles, California For Respondents; -Karen L. Brink, Esq., Olde Discount Corporation, Detroit , Michigan CASE INFORMATION Statement of Claim filed: May 2,