N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants') Carla Fracci 93-01930 Name of RespondentCs*) Shearson Lehman Brothers, Inc. Gerard Celmer For Claimant: William M. Roth, Esq. of New York, NY. For Respondent Shearson Lehman Brothers: Esther Koslow, Esq., in-house counsel at Smith Barney Shearson, Inc. For Respondent Gerard Celmer: Eric W. Berry, Esq. of the law firm of

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant John Madonis 93-01912 Name of Respondents Bear Steams & Company Kevin Charles Haag Jack T. Bayer Steven Benjamin Nakovich REPRESENTATION Claimant John Madonis was represented at the hearing by Peter J. Karabas, Esq. of Abramson & Fox, Chicago, Illinois. Respondents Bear Stearns & Co., Inc., Jack T. Bayer, and Steven

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimantfs^ David W. Jonsson Case No. 93-01860 Name of Resoondentf si Raymond, James & Associates, Inc. Thomas A. James Raymond James Financial, Inc. Lawrence A. Silver Frederick L. Botts Alfred R. Ernst, Jr. Alex J. Sabo, Jimmy Pate, and Herbert Ehlars REPRESENTATION For Claimant, David W. Jonsson ("Jonsson"): Boris J.

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants J.B. Hanauer & Co. 93-01853 Name of Respondents A. Webster Dougherty & Co. Inc. Constantin G. Alio Peter J. Galiano James Dotzman REPRESENTATION For Claimant J.B. Hanauer & Co., Inc. ("Hanauer"): Jeff Wild, Esq. of Lowenstein Sandier Kohl Fisher Boylan of Roseiand, New Jersey. For Respondents A. Webster Dougherty &

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Marilyn Levine, Jason Levine, and The JEK Trust UA DTD 07/30/96, (Claimants) vs. Prudential Securities Incorporated, Charles Anastasiou, and Michael Anastasiou, (Respondents) Case Number: 01-02598 Hearing Site: New York, New York REPRESENTATION OF PARTIES Claimants, Marilyn Levine ("M. Levine"), Jason Levine ("J. Levine"), and The JEK Trust UA DTD 07/30/96 ("JEK Trust"), herei

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Douglas & Billy W. Wilson 93-01829 Name of Respondent Oppenheimer & Co., Inc. For Claimants: Douglas and Billy W. Wilson ("Wilson") was represented by Julia D. Mannix, Esq. of Davis, Mannix & McGrath, located in Chicago, Illinois. For Respondent: Oppenheimer & Co., Inc. was represented by Eugene L. Small, Esq. of Oppenheimer & Co., Inc., located in

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant PaineWebber, Inc. 93-01812 Name of Respondent William Ashby Frayser REPRESENTATION For Claimant PaineWebber, Inc. ("PaineWebber") appeared Lisa Tillem, Esq. in-house counsel for PaineWebber, Inc. Respondent William Ashby Frayser ("Frayser") appeared pro se. CASE INFORMATION The Statement of Claim was filed on April 30,

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Paul R. Kessel 93-01798 Name of Respondent Prudential Securities Incorporated REPRESENTATION OF PARTIES Claimant Paul R. Kessel ("Kessel") was represented at the hearing by Dale West, Esq. of North Little Rock, Arkansas. Respondent Prudential Securities Incorporated ("Prudential") was represented at the bearing by Kevin A.

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Treena Sokol Hans Kaemmlein Ronnie Berger Matthew Matza Michael Kleban Barbara Frank 93-01623 Dennis Schweber 93-01624 H. Thomas Ferstl 93-01628 93-01631 93-01632 93-01633 93-01634 93-01635 Name of Respondents Joseph R. Huard, Jr. Shamrock Partners, Ltd. Brian G. McGowan Craig Medoff

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Prudential Securities Inc 93-01741 Name of Respondent Peter Bernard McCartney REPRESENTATION For Claimant Prudential Securities, Inc.: Gilbert W. Boyce, Esq. of the law firm of Kutak Rock located in Washington, D.C. For Respondent Peter Bernard McCartney : Brian J. Quinn, Esq. of the law firm of Birbrower, Montalbano, Condo