NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 06-01705 Lisa Hansman Executor of the Estate of lola J. Cran, (Claimant) vs. Raymond James & Associates, Inc., Douglas E. Allen and Linsco/Private Ledger Corp., (Respondents) ATTORNEYS: For Claimant appeared Todd A. Strother, Esq., of the firm Bradshaw, Fowler, Proctor & Fairgrave, P.C., Des Moines, IA. For Respondents Douglas E. Allen and Linsco/Private Ledger Corp. appeared in-house couns

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 06-01610 Vlad J. Novotny, (Claimant) vs. Newbridge Securities Corporation and Danard Warthen Brown, (Respondents) ATTORNEYS: For Claimant appeared Michelle S. Novotny, Campbell, CA. For Respondent Newbridge Securities Corporation appeared in-house counsel Gregg Breitbart, Esq., Fort Lauderdale, FL. For Respondent Danard Warthen Brown appeared Charles M. O'Rourke, Esq., of the firm Charl

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Alwyn Hislop and Claire Hislop (Claimants) vs. Maxim Group, LLC and Allan Carlyle Murray (Respondents) Case Number: 05-06319 Hearing Site: New York, New York Nature of the Dispute: Customers vs. Member and Associated Person. REPRESENTATION OF PARTIES Claimants Alwyn Hislop ("A. Hislop") and Claire Hislop ("C. Hislop"), hereinafter collectively referred to as "Claimants": Vincent

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION .CASE: 05-06090 David Lerner & Associates, Inc., (Claimant) vs. Michael Persico, (Respondent) ATTORNEYS: For Claimant appeared in-house counsel Joseph C. Pickard, Esq., Syosset, NY. Respondent did not submit an Answer to the Statement of Claim. NATURE OF DISPUTE: Member v. Associated Person DATE FILED: November 22, 2005 CASE SUMMARY. Claimant alleged that Respondent breached an employment con

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimant Case Number: 01-02407 Yvonne C. Kendrick Names of the Respondents Hearing Site: Atlanta, Georgia Morgan Stanley Dean Witter, Inc. Karen Hartman REPRESENTATION OF PARTIES For Yvonne C. Kendrick, hereinafter referred to as "Claimant": Richard Allan Kaye, Esq., Smith Moore LLP, Atlanta, Georgia and Steven J. Card, Esq., Gard Smiley Bishop & Dovin, LLP,

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Virginia Cilny-Swick (Claimant) vs. Frank C. Scarito and Lombard Securities Incorporated (Respondents) Case Number: 03-03326 Hearing Site: Boston, Massachusetts Nature of the Dispute: Customer vs. Associated Person and Member REPRESENTATION OF PARTIES Claimant Virginia Cilny-Swick hereinafter referred to as "Claimant": Matthew J. Turtle, Esq., and Harry S. Miller, Esq., Burns &

Award NASD Dispute Resolution In the Matter of the Arbitration Between: John David McBride (Claimant) vs. XCU Capital Corp., Inc. (Respondent) Case Number: 05-06019 Hearing Site: Buffalo. New York Nature of the Dispute: Associated Person vs. Member REPRESENTATION OF PARTIES Claimant John David McBride hereinafter referred to as "Claimant": David K. Silverberg, Esq., Silverberg, McGorry, Sellers & Silverberg, Buffalo, NY. Respondent XCU Capital Corp.

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Audrey Shaps Revocable Trust dtd 9/5/91, Claimant v. Albert D. Adam, Respondent Case Number: 06-00971 Hearing Site: Los Angeles, California Nature of the Dispute: Customer v. Associated Person REPRESENTATION OF PARTIES For Claimant: Audrey Shaps In Propria Persona Thousand Oaks, California For Respondent: Judy Louie, Esq. Wachovia Securities, LLC Pasadena, California

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Beagle, Burke & Associates as Guardian for James F. Hazel, Claimant v. A.G. Edwards & Sons, Inc. and Dean G. Alsup, Respondents Case Number: 05-03739 Hearing Site: Portland, Oregon Nature of the Dispute: Customer v. Member and Associated Person REPRESENTATION OF PARTIES For Claimant: Gary M. Berne, Esq. Joshua L. Ross, Esq. Stoll Stoll Berne Lotking & Schlachter Port

Award NASD Dispute Resolution In the Matter of the Arbitration Between: James Rau and Joyce Rau, Claimants v. Stipek Securities, LLC, Leslie C. Stipek, Stipek Financial Services LLC, Sunshine Ventures 1 LLC, Roanoke Equities LLC, and Virginia Equities, Inc., Respondents Case Number: 05-02261 Hearing Site: Los Angeles, California Nature of the Dispute: Customers v. Member and Associated Person REPRESENTATION OF PARTIES For Claimants: Richard Bryson,