N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Kimberly R. Stefanik, Patricia Bailey Donald Bailey and Robert Bailey 93-04872 of Resondents Gregory Charles Spangler, Spangler Insurance & Investments and Clearing Services of America, Inc. REPRESENTATION For Claimants Kimberly R. Stefanik, Patricia Bailey Donald Bailey and Robert Bailey (collectively referred to as "

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Plaimant Pflgp NumhfM" 01-02841 Edward B. Bellman, IRA ig Sit**- Pittsburgh, PA Parker/Hunter, Inc. Leo T. Krantz RFPRFSFNTATTOlVf OF PAPTTES Claimant, Edward B. Bellman, IRA ("Bellman"), hereinafter referred to as "Claimant": Darren C. Blum, Esq., Law Offices of Darren C. Blum, P.A., Plantation, FL. Respondents, Parker/Hunter, Inc. ("Parker") and Leo T. Krantz ("Krantz"

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant MacKenzie Specified Income Fund, L.P. 93-04871 Name of Respondent NAPEX Financial Corporation CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc., November 24, 1993, Claimant, MacKenzie Specified Income Fund, through its representative, C.E. Patterson, alteged that Respondents, Napex Financia

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between Name j?f Scott Shriver, IRA and Paula A. Shriver, IRA 93-04868 of Respondents A.G. Edwards, & Sons, Inc. and Daniel Wayne Roepke OF TI Claimants Scott Shriver, IRA and Paula Shriver, IRA ("Claimants") were represented at the hearing by Larry E. Meyer, Esq. of Pohl, Bennet & Matthews, L.L.P., Houston, Texas. Respondent, A.G. Edward

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name pf Claimants Matthew & Sally Stump Jtten et al. 93-04860 Name of Respondents Brown (Alex) & Sons Incorporated Stephen Gritzan REPRESENTATION Claimants Matthew and Sally Stump appeared at the hearing prose. Respondent Alex Brown & Sons Incorporated ("Alex Brown") was represented at the hearing by Robert E. Patterson, Esq. of Alex Brown

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant James £. Zimmer 93-04856 Name of Respondents PaineWebber Incorporated; David Grosshans REPRESENTATION For Claimant: James E. Zimmer ("Zirnmer") was represented by D. Michael Kratchman, Esq. of Southfield, Michigan. For Respondent: PaineWebber Incorporated ("PaineWebber") was represented by Alice K. Jump, Esq. of PaineWe

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Marc J. Mallis 93-04855 Name of Respondent Raymond, James & Associates, Inc. Name of Thjfd Par^y Respondent Lee Rosen For Claimant: Michael D. Blutrich, Esq. of the law firm of Blutrich & Herman, LLP, New York, New York. For Respondent: Charles P. Pillans, Esq. of the law firm of Bedell, Dittmar, DeVault & Pillans, P. A

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Sam Drew 93-04854 Name of Respondents Schneider Securities, Inc. Paul Pinholster CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on November 22, 1993, Claimant Sam Drew, who appeared Pro Se, alleged that Respondent Schneider Securities, Inc. ("Schneider") mistakenly sold out 350

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Harold W. Chatterton 93-04852 Name of Respondents A.G. Edwards & Sons, Inc. William O. Hammerbeck CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on November 23,1993, Claimant Harold W. Chatterton, who appeared Pro Se, alleged that Respondents A.G. Edwards & Sons, Inc. and William O.

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of John B. Price NASD Arbitration No. 93-04851 Name of Respondents') Smith Barney Shearson, Inc., and David R. Burks REPRESENTATION For Claimant: In Propria Persona For Respondent Smith Barney Shearson, Inc.: Ann Parry, Esq., Vice President, Associate General Counsel, Smith Barney Shearson, Inc., New York, New York For Respondent David