N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Stanley F. and Margaret Jaros 92-02761 Name of Respondents Merrill Lynch Pierce Fenner & Smith Inc Sam M. AJberico REPRESENTATION For Claimants: Roger W. Van Deusen, Esq., of Gaines & Stem Co., L.P.A. For Respondents Merrill Lynch Pierce Fenner & Smith Inc. ("Merrill") and Sam M. AJberico ("Alberico"): Byron Krantz, Esq.,

N.A.S.D. AWARD • NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Alan and Maria Benedict Westchester Funeral Home. Inc. Westchester Funeral Home Inc Pension Tr 92-02755 Name of Respondents The Concord Group of Princeton. LTD. Scott Santin Christopher Cahill For Claimants. Alan Benedict. Maria Benedict. Westchester Funeral Home. Inc., and Westchester Funeral Home. Inc. Pension

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS. INC. In the matter of the Arbitration Between Name of Claimant (s) Merrill Lynch, Pierce, Fenner & Smith, Inc. NASD Arbitration No. 92-02753 e of Respondent f 3) Steven 0. Sparks REPRESENTATION For Claimant: Thomas L. Taylor, Esq. and Victoria S. Shabanian, Esq., Jones, Bell, Simpson & Abbott, Los Angeles, California For Respondent: H Thomas Fehn, Esq., Fields, Fehn & Sherwin

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In die Matter of the Arbitration Between Name of Claimanttsi George R. and Dorothy K. Williges 92-02752 Name of Respondents) A.G. Edwards & Sons. Inc. Charles A. Pascarella Gus Giviskos John E. Pascarella Patrick O. Pascarella REPRESENTATION The Claimants appeared pro se. For Respondents: M. Jane Matoesian in-house counsel at A.G. Edwards & Sons, Inc. CASE INFORMATION

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION. INC. CASE: 01-02431 Stanley C. Howard and Joycelyn R. Howard, Claimants vs. Corporate Investments Group, Inc., Andrew W. Lam and Frederick Banyon, Respondents. ATTORNEYS: For Claimants, Stanley C. and Joycelyn R. Howard, appeared Romaine L. Gardner, Esq., Director, BLS Legal Services Corp. For Respondents, Corporate Investments Group, Inc. and Andy Lam, appeared Andy Lam, President and Chief Com

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between NajneofClainiants John C. and Lois Stegeman 92-02751 f Respondents Kidder, Peabody & Co., Incorporated James I. Tribblc For Claimants, John C. and Lois Stegeman: Daniel J. Stephenson, Esq. of Dykema Gossett. For Respondents, Kidder, Peabody & Co., Incorporated and James I. Tribbte: Richard Kelly, Esq. of Kidder, Peabody & Co., Incorporated.

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Frank G. Culkar, Jr. 92-02746 Name of Respondents Dean Witter Reynolds Inc. Robert Brennan Claimant Frank G. Culkar, Jr. ("Claimant") represented himself. For Respondents Dean Witter Reynolds Inc. ("DWR") and Robert Brennan ("Brennan"): David P. Restaino, Esq. of DWR. CASE INFORMATION Statement of Claim filed: August 14, 1992. Reply to

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between Name of Claimants Robert Hayutin Estate, by Gary A. Pashel, Personal Representative; The Robert Hayutin Insurance Trust, by Gary Pashel, Co-Trustee; The Pashel Family Trust, by Gary Pashel, Co-Trustee; Mae Louise Pashel; and Gary A. Pashel and 92-02745 Name of Respondents Smith Barney, Harris, Upham & Co., Inc. REPRESENTATION OF PARTI

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Zouheir Beidoun 92-02743 Name of Respondents GKN Securities Corporation Carl Wiseman Bear Stearns Securities Corporation REPRESENTATION For Claimant, Zouheir Bedouin ("Claimant"), Christopher Lovell, Esq. located in New York, New York. For Respondents, GKN Securities Corp., ("GKN"), Carl Wiseman ("Wiseman") and Bear

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In tne Matter of the Arbitration Between Name of Louis A. Salinas 92-02741 Name of Respondents J.W. Gant and Associates, Inc.; Kober Financial Corp.; Edward L. Roweil; Christopher Thomas; James Price REPRESENTATION For Claimant: Louis A. Salinas was represented by Victor N. Makris, Esq. of Makris Attorneys and Counselors, located in Houston, Texas. For Respondents: J.W