AWARD NASD Regulation, Inc. Office of Dispute Resolution- , In the Matter of the Arbitration Between Name of Claimant John S. Lovett and 96-01632 Name of Respondent Investors Associates, Inc. Michael Lomec REPRESENTATION OF PARTIES John S. Lovett ("Claimant") was represented by James F. Roegge, Esq. and Jodi Mandel-Chall, Esq., Meagher & Geer, Minneapolis, Minnesota. Investors Associates, Inc. ("Respondent Investors") was represented by

AWARD MASD REGmATIQM- INC.. OFFICE OP DISPUTE RESOLUTION In the matter of the Arbitration Between Name of Claimant The Vintage Bank Arbitration No. 96-01631 of Respondents and Third-Party Claimants Dain Bosworth Incorporated, Clayton Brown Holding Co., Clayton Brown, and Clayton Brown & Associates Name of Third-Party Respondent Kidder, Peabody & Co. Incorporated REPRESENTATION For Third-Party Claimants: Joan M. Schroeder, Esq., Inter

AWARD NASD Regulation, Inc. Office of Dispute Resolution In the Matter of the Arbitration Between Leonard Nelson Alsfeld, Claimant, and No. 96-01627 Dickinson & Co., T. Marshall Swartwood, Thomas M. Swartwood, Elizabeth R. Ring, and Bradford J. Titus, Respondents. REPRESENTATION OF PARTIES Claimant Leonard Nelson Alsfeld was represented by Russell C. Burk,.Esquire of Denver, Colorado. Respondents Dickinson & Co., T. Marshall Swar

AWARD NASD Regulation, Inc. Office of Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Bernardi Securities, Inc. v. Name of Respondents 96-01626 J. F. Hartfield & Co., Inc.; Paine Webber Incorporated; and Kidder Peabody & Co., Inc. REPRESENTATION OF PARTIES For Claimant: Claimant Bernardi Securities, Inc. ("Bernardi") was represented by Ronald P. Bernardi of Bernardi Securities, Inc. in Chicago, Illinois. For

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Claimant Jay Mark Miller v. Respondent CISC World Markets Corp., D/B/A/ CIBC Oppenheimer Capital, and Oppenheimer Capital Case Number: 01-Q2Q40 Hearing Site: Houston, Texas REPRESENTATION OF PARTIES Claimant Jay Mark Miller hereinafter referred to as "Claimant," was represented by Geraldo Garcia, Esq. of Schwartz, Junell, and Campbell & Oathout LLP, of Houston, Texas.

N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION, INC. In the Matter of the Arbitration Between Name of Claimant Mervin R. Buckwalter 96-01619 Name of Respondents Sovereign Equity Management Corp. Frank Rosso ^" REPRESENTATION Claimant Mervin R. Buckwalter appeared pro se. IJesppndentSovereign.Equity Management Corp. ("Sovereign Equity") was represented]?y Thpmas W. Hands, Sovereign Equity Management Corp.,

N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION, INC. In the Matter of the Arbitration Between Name of Claimant . - Regina T. Heidler 96-01618 Name of Respondents Merrill Lynch Pierce Fenner & Smith, Inc. Robert A. Bowen REPRESENTATION Claimant Regina T. Heidler ("Claimant") was represented by David W. Mersky, Esq., Appel & Yost, Lancaster, PA. Respondents Merrill Lynch Pierce Fenner & Smith ("MLPFS") and

AWARD NASD REGULATION. INC., OFFICE OF DISPUTE RESOLUTION In the matter of the Arbitration Between Name of Claimant Edith L. Lavers v. Name of Respondents Pacific Coast Financial Securities, Inc., Scott A. Presta, Alan Lund, Don Tullio Morandini, and Thomas Cans Arbitration No. 96-01611 REPRESENTATION For Claimant: For Respondent Alan Lund: Paul W. Thomas, Esq. Law Offices of Paul W. Thomas Carlsbad, California Br

yr; •-?/, / / ^ !. .' NASD REGULATION, INC. AWARD Office of Dispute Resolution In the Matter of the Arbitration Between Names of Claimants Louis J. and Lillian Fiorentini 96-01609 Names of Respondents Jeffrey M. Schuler Nico P. Prank Noble Investment Company of Palm Beach For Claimants: Charles J. Kane, Esq., of the law firm of Greenspan & Kane, Boca Raton, FL. For Respondents Noble Investment Company of Palm Beach ("Noble"),

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant E. Boyd Taylor as Trustee for the E, Boyd Taylor Family Trust 96-01605 Name of Respondent Piper Jaffray, Inc. CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on April 12, 1996, Claimant E. Boyd Taylor as Trustee for the E. Boyd Taylor Family Trust ("Claimant"), who appeared Pro Se, al