N.A.S.O. AHftRD NATIONAL ASSOCIATION OF SECURITIES DEALERS Arbitration National Association of Securities Dealers, Inc. One East Broward Boulevard Suite 1000 R. Lauderdale, Rorida 33301 (305) 522-7391 In the Matter of the Arbitration Between: Name of Claimantfs^ First Union Brokerage Services, Inc. Name of Respondent's^ Rebecca Silbovitz CASE 188-00109 Heard before the members of the Arbitration Panel: Mean Dell Rothman T

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between FIRST UNION DISCOUNT BROKERAGE SERVICES, INC., vs. GEORGE SCHACHTER, Claimant, Respondent. Case 188-00106 Award Heard before the members of the Arbitration Panel: Arnold Y. Steinberg, Virginia Rhyne Douglas Delanoy, Jr. Esq. CASE SUMMARY This claim was filed with the NASD. Inc. on January 12. 1988. The hearing was conducted in Fo

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between MICHAEL S. FLEISHER vs. BROOKS, WEINGER, ROBBINS & LEEDS, INC. Claimant Respondent ) ) Case #88-00101 Award On April 11, 1989, the undersigned arbitrators heard the controversy between the parties as set forth in submissions to arbitration signed by Claimant, Michael S. Fleisher on January 8, 1988. Brooks, Weinger, Robbins & Leeds, Inc. did not

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between ) Frederick and Margaret Armellino, JTTEN, ) Claimants ) Case #88-00081 vs. ) } Award Andrew Peck Associates, Inc., ) Respondent ) CASE SUMMARY Claimant, Frederick and Margaret Armellino, alleged that Respondent, Andrew Peck Associates, Inc., charged them a higher price to purchase 1,000 shares of Arrow Electronics, Inc. than the market price for th

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between Howard Nesse Claimant vs. Merrill Lynch, Pierce, Fenner Respondents & Smith, Inc. and John P. Cody AWARD CASE NO. 88-00075 SUWARY OF ISSUES Claimant Howard Nesse filed this claim on January 12, 1988 against Merrill Lynch, Pierce, Fenner & Smith, Inc. and Account Executive John P. Cody. Claimant alleged damages incurred in his commodities-trading account

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between ) Ray W. and-Barbara B. Phillips Claimants ) ) vs. ) CASE NO. 88-00073 ) Prudenti al-Bache Securities and Respondents ) Stan Brown ) SUMMARY OF ISSUES The claim in this matter was filed on December 14, 1987. Claimants Ray Phillips and Barbara Phillips alleged that Respondent Stan Brown, a representative of Respondent Prudenti al-Bache Securities, Inc.,

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of Arbitration Between ) ) GOLAM QM & KAMRUN CHOWDHURY ) Claimants ) NASD NO. 88-00070 v. ) FIDELITY BROKERAGE SERVICES, INC. ) Respondents ) CASE SUMMARY In a claim filed with the NASD on or about January 9 , 1988 Claimants Golan QM & Kamrun Chovdhury ("Claimants") alleged that Respondent Fidelity Brokerage Services* Inc. ("Respondent") misrepresented his financial position

NATIONAL ASSOCIATION or SECURITIES DEALERS In the Matter of the Arbitration Between Richard G. Synder vs. Claimant Ted Altenburg & PaineWebber, Inc. Respondents Award #87-00636 The undersigned, being the Arbitrator selected to review and determine a matter in controversy between (he above-mentioned Claimant and Respondents, set forth in submissions to arbitration signed by the parties on February 17, 1987, July 10, 1987 and July 14, 1987

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between Bear Stearns & Co., Inc. vs. Robert Kuhn Claimant Respondent CASE #87-00669 AWARD CASE SUMMARY Claimant Bear Stearns & Co., Inc. alleged that Respondent Robert Kuhn placed an order to purchase 100 OEX puts. Claimant alleged that these putswere sold leaving a debit balance in Respondents account. Claimant alleged that this debit balance remains d

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between ) Philip A. Haigh ) Claimant ) ) Case #87-00496 vs. ) Award L.F. Rothschild, Inc. ) William H. Carney ) Respondents ) ) CASE SUMMARY Claimant states that Respondents L. F. Rothschild and William Carney violated the Securities Act of 1933 and Securities and Exchange Act of 1934 as well as the Securities and Exchange Commission regulation and the