Award NASD Dispute Resolution In the Matter of the Arbitration Between: Robert C. Ghioldi, Claimant v. Morgan Stanley DW Inc. and David A. Dyck, Respondents Case Number: 05-01771 Hearing Site: San Francisco, California Nature of the Dispute: Customer vs. Member and Associated Person REPRESENTATION OF PARTIES For Claimant: R. Ernest Montanari, Esq. Musacchio & Montanari, p.C. Walnut Creek, California For Respondents: Melissa M. Maccarone, Esq

Award NASD Dispute Resolution In the Matter of the Arbitration Between: •*" ' . A.G. Edwards & Sons, Inc., Claimant v. Christopher L. Pope, Respondent i Case Number: 04-08475 Hearing Site: Los Angeles, California Nature of the Dispute: Member v. Associated Person REPRESENTATION OF PARTIES For Claimant: Nancy A. Tayborn, Esq. A.G, Edwards & Sons, lnc r St. Louis, Missouri For Respondent: Christopher L. Pope In Propria Persona Sant

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Mark B. Frost and 04-05192 Nashville, Tennessee Name of Respondent Westcott Securities, LLC Nature of the Dispute: Associated Person vs. Member. REPRESENTATION OF PARTIES Mark B. Frost ("Claimant") was represented by Timothy L. Warnock, Esq. and Amy E. Neff, Esq., Bowen Riley Warnock & Jacobson, PLC, Nashville, Tennessee. Westcott Securities, LLC

STIPULATED AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Claimant Maryneli Foran and Case Number: 04-05028 Hearing Site: Chicago, Illinois Respondents Morgan Stanley DW, Inc., and Steven Daugherty NATURE OF DISPUTE Customer v. Member and Associated Person REPRESENTATION OF PARTIES Maryneli Foran ("Claimant") was represented by Martin Q. Ryan, Esq. and Alec J. Miller, Esq., Mora, Baugh, Waitzman & Under, L

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimant Francoise Arnal Names of the Respondents Morgan Stanley DW Inc., a New York corporation Caroline T. Mellema, an employee/agent of Morgan Stanley and authorized to conduct business in Florida Case Number: 03-01488 Hearing Site: Boca Raton. Florida Nature of the Dispute: Customer vs. Member and Associated Person. REPRESENTATION OF PARTIE

Amended Award NASD Dispute Resolution In the Matter of the Arbitration Between: Jack Nelson, as trustee of the Jack Nelson IRA, Cathy Nelson, as trustee of the Cathy Nelson IRA, Cathy Nelson as trustee of the Jack Nelson 99 Charitable Remainder Trust, Jack Nelson and Cathy Nelson, as trustees of the Nelson Family Trust, Claimants v. Self Trading Securities, Inc., John B. Pearson, Eric P. Weschke, and John L. McArdle, Respondents Case Number: 02-05635 He

Stipulated Award NASD In the Matter of the Arbitration Between: Name of the Claimant Case Number: 01-02286 Raymond James & Associates, Inc. Name of the Respondent Hearing Site: Stephen E. Ridgely, Jr. Boca Raton, FL REPRESENTATION OF PARTIES For Raymond James & Associates, Inc., hereinafter referred to as "Claimant": Christopher G. Lazarini, Esq., Tate, Lazarini & Beall, PLC, Memphis, TN. For Stephen E. Ridgely, Jr., hereinafter referred to as "

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Vanessa Lee (Claimant) v. Vanguard Capital, Inc. and Dimitri Gaspard (Respondents) Case Number: 05-05121 Hearing Site: New York, New York Nature of the Dispute: Customer v. Member and Associated Person REPRESENTATION OF PARTIES Claimant Vanessa Lee hereinafter referred to as "Claimant": John E. Lawlor, Esq., Attorney at Law, Mineloa, NY. Respondent Vanguard Capital, Inc. hereina

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimants Case Number: 05-03203 Jerry W. and Frances B. Sather Name of the Respondent Hearing g'rte: Dallas, Texas Michael Vincent Valle NATURE OF THE DISPUTE Public Customer vs. Associated Person REPRESENTATION OF PARTIES Claimants Jerry W. and Frances B. Sather, hereinafter collectively referred to as "Claimants": Frances W. Sather of Clifton, Texas. Re

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Claimant Paul C. Spoelstra and Respondents Daniel J. Healy and Paula Kay Clum Case Number: 05-02931 Hearing Site: Southfield, Michigan NATURE OF DISPUTE Associated Person v. Associated Persons REPRESENTATION OF PARTIES Paul C. Spoelstra ("Claimant") was represented by Anthony Paduano, Esq., and Willard Knox, Esq., Paduano & Weintraub LLP, New York, New Yor