N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant^ Alberta Foreman 93-01423 Name of Resoondentf s) Prudential Securities Inc Edward B. Dugan REPRESENTATION For Claimant Alberta Foreman: Gerald B. Kline, Esq., Atlanta, GA. For Respondents Prudential Securities, Inc. and Edward B. Dugan: William J. Holley, Esq. of the law firm of Parker, Hudson, Rainer and Dobbs, Atlanta, GA

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between Name of Rakesh Mehra 93-01406 Name of Respondent David A. Noyes & Company REPRESENTATION OF PARTIES Claimant Rakesh Mehra ("Mehra") was represented at the hearing by Donald H. Segal, Esq., of Segal & Segal, Chicago, Illinois. Respondent, David A. Noyes & Company ("David Noyes") was represented by Robert Cram, Esq. of David A. Noyes &

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant PaineWebber, Inc. 93-01400 Name of i Respondent Roberto O Murillo REPRESENTATION For Claimant, PaineWebber, Inc ("P.W."): Sergio Alvarez-Mena, HE, Esq. of Morgan, Lewis & Bockius, Miami, Florida. For Respondent, Robert O. Murillo ("MuriUo"): George M. Evans, Esq., of Koppen, Watkins, Partners & Associates, Miami, Florida. CASE INF

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant PaineWebber, Inc. 93-01391 Name of Respondent Martin J. Rabovich REPRESENTATION For Claimant PaineWebber, Inc. appeared Lisa Catalano Tillem of PaineWebber, Inc. 's in-house counsel. For Respondent Martin J. Rabovich appeared Don Panush, Esq. of Jacoby & Meyers. CASE INFORMATION The Statement of Claim was filed on March

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant(s) U.K. & General Securities PLC Phillip F.X. Fernandes Brian S. Hershon Melvyn P. Lesser William F. Watson Saaed Younis 93-01389 Name of Resoondentf s) Merrill Lynch Pierce Fenner & Smith Inc Jeffrey C. Thompson For Claimants: Daniel H. Greenberg, Esq., New York, NY and William Pepper, Esq., United Kingdom.

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Berto Lopez 93-01348 Name of Respondents National Financial Services Corp. Financial Securities Network Inc. Michael P. Hegarty Jeremiah H. Hegarty Hyanis Trading Advisors REPRESENTATION Claimant, Berto Lopez ("Lopez") was represented by Jane A. Srrak, Esq. of West Palm Beach, FL. Respondent, National Financial

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS. INC. In the matter of the Arbitration Between Name of Claimant Howard Saari v. NASD Arbitration No. 93-01336 Name of Respondent Smith Barney, Harris Upham & Company, Inc. REPRESENTATION For Claimant: Mark T. Quigley, Esq., Greene, Broiilett, Taylor & Wheeler, Santa Monica, California For Respondent: David Levy, Esq., Smith Barney, Inc., New York, New York CASE INFORMATION

AWARD NASD Regulation. Inc. Office of Dispute Resolution In the Matter of the Arbitration Between Harold Jandreski. Claimant. v. Case Number 93-01331 Prudential Securities. Inc., Respondent. REPRESENTATION OF PARTIES Claimant Harold Jandreski ("Claimant") appeared pro se. Claimant was previously represented by Morgan W. Bentley, Esq. of Newark. New Jersey and Jeffry M. Bauer. Esq. of Gross Pointe, Michigan. Respondent Prudential Securiti

NASD AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between Name of Claimant Norman E. Peterson and 93-01330 Name of Respondent Merrill Lynch Pierce Fenner & Smith, Inc. Thomas E. Gregory REPRESENTATION OF PARTIES Norman E. Peterson ("Claimant") was represented by John L. Conklin, Esq., Tilly & Graves, Denver, Colorado. Merrill Lynch Pierce Fenner & Smith, Inc. ("Respondent Merrill Lynch") and Tho

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Aleks Horvat and Michel Horvat, Claimants v. Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Case Number: 01-02577 Hearing Site: Los Angeles, California REPRESENTATION OF PARTIES For Claimants: Robert A. Uhl, Esq. Aidikoff&Uhl Beverly Hills, California For Respondent: Thomas L. Taylor, III, Esq. Morgan, Lewis & Bockius, LLP Los Angeles, California