N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Incarnate Word Hospital, Inc. 93-04498 Name of Respondents Westcap Government Securities, Inc. Jeff Riesenfeld For Claimant: Incarnate Word Hospital, Inc. ("Claimant") was represented by Raymond W. Henney, Esq. of Honigman Miller Schwartz & Cohn, located in Detroit, Michigan. For Respondents: Westcap Government Securities, Inc.

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Tucker Anthony Incorporated 93-04483 Name of Respondent Michael Doane-Dodge REPRESENTATION For Claimant, Tucker Anthony, Inc.("Claimant"), John Hannon located in New York, New York. Respondent, Michael Doane-Dodge ("Respondent"), did not appear at the hearing. CASE INFORMATION Statement of Claim filed: October 26, 1993.

NATIONAL ASSOCIATION OF SECURITIES DEALERS AWARD In the Matter of the Arbitration Between ROYALLENSTEIN, Claimant, v. NASD No. 93-04482 KEMPER SECURITIES and LANCE KOENNECKER, Respondents. Representation For Claimant: Shirley Smith, Esq. of Marina Del Ray, California For Respondent Kemper Securities: A. Brad Busscher, Esq. of Kemper Securities, Chicago, Illinois For Respondent Lance Koennecker: Lance Koennecker, pro se Case Infor

N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION, INC. In the Matter of the Arbitration Between Name of Claimant Bear Stearns & Company 93-04479 Name pf Respondent Peter Gallo REPRESENTATION For claimant Bear Stearns & Co., Inc. ("claimant") appeared William T. Marshall, Jr., Esq., of the law firm Sullivan & Marshall located in New York, New York. Respondent Peter Gallo ("respondent") did not appear at the evid

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS SETS Investment Group, Inc., and Schneider Securities, Inc. Claimants, V. No. 93-04476 Joel Preston, and Steven Varasteh Respondents REPRESENTATION OP PARTIEg Claimants SETS Investment Group, Inc. and Schneider Securities, Inc. ("Claimants") were represented by Robert D. Mitchell, Esq., of the Law Offices of Robert D. Mitchell, P.C., Scottsdale, Arizona. Respondent Steven Vara

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Robert L. Teitelbaum 93-04473 Name of Respondents Advanced Equity Group, Inc. Allied Capital, Inc. Donald Hector Caban John Joseph Puglisi Craig Medoff For Claimant Robert Teitelbaum ("Teitelbaum") appeared Gregory Herbert, Esq. of the firm Satterlee Stephens Burke & Burke located in New York City, New York. For Res

Arbitration & Mediation N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant John G. O'Brien 93-04465 Names of Respondents Robert Todd Financial Corporation, Frank Zangara, Robert B. Fallah, and Todd M. Spehler REPRESENTATION Claimant, John G. O'Brien was represented by William H. O'Brien. Respondent, Robert Todd Financial Corporation did not appear at the hearing.

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Helen Czemowski 93-04448 Names of Respondents Dean Witter Reynolds, Inc. Thomas M. Vaughan REPRESENTATION For Claimant, Helen Czemowski ("Czemowski"): Dyanne E. Feinberg, Esq. of Gilbride, Heller & Brown, P.A., Miami, FL. For Respondents,: Dean Witter Reynolds, Inc. ("DWR") and Thomas M. Vaughan ("Vaughan"): Elizabeth T

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Keith S. Grover 93-04447 Name of Respondents Barrett Day Securities, Inc. Bruce Michael Rothman For Claimant Keith S. Grover ("Claimant") appeared Evynne Grover, Esq., a sole practitioner located in Melville, New York. For Respondent Barrett Day Securities, Inc. ("Barrett Day") appeared David Berger, President of Barrett Da

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between Name of Claimant Peter Koehler 93-04440 Names of Respondents William Blair & Co. and Edward Dellin REPRESENTATION Claimant, Peter Koehler ("Koehler") was represented at the hearing by J. William Holland, Esq. of Holland & Holland, Chicago, Illinois. Respondents William Blair & Co. ("Blair") and Edward Dellin ("Dellin") were represented at