NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 06-02004 Royal Alliance & Associates, Inc., (Claimant) vs. Christopher Reagan, (Respondent) ATTORNEYS: For Claimant appeared in-house counsel Alyson R. Kest, Esq., New York, NY. Respondent appeared pro se, New York, NY. NATURE OF DISPUTE: Member v. Associated Person DATE FILED: April 19, 2006 CASE SUMMARY: Claimant alleged that Respondent breached a contract by failing to repay moni

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 06-01962 Ryan Beck & Co., Inc., (Claimant) vs. Eric Betancourt, (Respondent) ATTORNEYS: For Claimant appeared in-house counsel, Jeffrey C. Primiano, Esq., Livingston, NJ. Respondent appeared pro se, Bayside, NY. NATURE OF DISPUTE: Member v. Associated Person DATE FILED: April 17, 2006 CASE SUMMARY: Claimant alleged that Respondent breached an employment contract pursuant to the terms of

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Brian Gayman (Claimant) vs. Oppenheimer & Co., Inc., Josephthal & Co., Inc Fahnestock & Co., Inc., and Michael Fasciglione (Respondents) Case Number: 06-01431 Hearing Site: New York. New York Nature of the Dispute: Customer vs. Members and Associated Person REPRESENTATION OF PARTIES Claimant Brian Gayman hereinafter referred to as "Claimant": Carlton R. Asher, Jr., Esq., Law Off

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 06-01398 James R. Groner, (Claimant) vs. Morgan Stanley DW, Inc., (Respondent) ATTORNEYS: For Claimant appeared George W. Healy, IV, Esq., of the firm George W. Healy, IV & Associates, Gulfport, MS. For Respondent appeared in-house counsel Roderick Chin, Esq., Purchase, NY. NATURE OF DISPUTE: Customer vs. Member DATE FILED: March 16, 2006 CASE SUMMARY: Claimant alleged that Respondent b

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Robert W. Despres (Claimant) vs. William Fellows and Morgan Stanley DW, Inc. (Respondent) Case Number: 06-01004 Hearing Site: Montpelier, Vermont Nature of the Dispute: Customer vs. Associated Person and Member REPRESENTATION OF PARTIES Claimant Robert W. Despres hereinafter referred to as "Claimant" appeared pro-se. Respondents William Fellows ("Fellows") and Morgan Stanley DW,

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Patricia L. Coughlin Individually and on behalf of the Patricia L. Coughlin Rollover IRA (Claimants) vs. Legg Mason Wood Walker, Inc. (Respondent) Case Number: 05-05632 Hearing Site: Providence, Rhode Island Nature of the Dispute: Customers vs. Member. REPRESENTATION OF PARTIES Claimants Patricia L. Coughlin Individually ("Coughlin") and on behalf of the Patricia L. Coughlin Rol

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Nutmeg Securities, Ltd. (Claimant) v. Utendahl Capital Partners, L.P. (Respondent) Case Number: 01-03004 Hearing Site: New York, New York Nature of the Dispute: Member vs. Member. REPRESENTATION OF PARTIES Claimant Nutmeg Securities, Ltd. ("Nutmeg") hereinafter referred to as "Claimant": Richard J. Babnick, Jr., Esq., Sichenzia, Ross & Friedman, LLP, New York, NY. Respondent Ute

*-.ward NASD Dispute Resolution In the Matter of the Arbitration Between: Erica Chigounis (Claimant) vs. Citigroup Global Markets, Inc. (Respondent) Case Number: 05-01613 Hearing Site: New York, New York Nature of the Dispute: Associated Person v. Member. REPRESENTATION OF PARTIES Claimant Erica Chigounis hereinafter referred to as "Claimant": Anne L. Clark, Esq., Vladeck, Waldman, Elias & Engelhard, P.C., New York. Respondent Citigroup Global Marke

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Jan Arnett (Claimant) vs. Whale Securities Co. L.P., Sands Brothers & Co., Carl Garceran, and SG Cowen Securities Corp. (Respondents) Case Number: 04-07257 Hearing Site: New York, New York Nature of the Dispute: Customer vs. Members and Associated Person. REPRESENTATION OF PARTIES Claimant Jan Arnett hereinafter referred to as "Claimant" appeared pro se. Respondent SG Cowen Secu

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Paul Steiner (Claimant) vs. Smith Barney, Inc., n/k/a Citigroup Global Markets, Inc. (Respondent) Case Number: 03-09224 Hearing Site: Newark, New Jersey Nature of the Dispute: Associated Person vs. Member. REPRESENTATION OF PARTIES Claimant Paul Steiner hereinafter referred to as "Claimant": Bruce Nagel, Esq., Nagel Rice & Mazie, LLP, Roseland, NJ. Respondent Smith Barney, I