N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION, INC. In the Matter of The Arbitration Between Name of Claimant Harvey & Company, Inc. 95-03603 Name of Respondents Eli Dror Biltmore Securities, Inc. REPRESENTATION Claimant Harvey & Company, Inc. ("Claimant") was represented by Janet K. DeCosta, Esq., Law Offices of Janet K. DeCosta, P.C., Washington, D.C. Respondents Biltmore Securities, Inc. ("BiltmoTe")

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Robert S. & Patricia Davis 95-03601 Name of Respondents The Wellington Group, Inc. Vision Investment Group, Inc. Alex Lemberg Kevin Kading REPRESENTATION For claimants Robert S, and Patricia Davis ("claimants") appeared David Crystal, II, Esq., of Gilbride, Tulsa, Last & Spellane LLC, located in New York, New York.

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant(s) Sharif Amanat, Custodian/Omar Amanat 95-03599 Name of Respondent's) H. J. Meyers & Co., Inc. Rizwan Mahmood REPRESENTATION For Claimant, Sharif Amanat, Custodian/ Omar Amanat ("Claimant"), appeared Henry K. Becker, Esq. of the law firm Henderson & Becker located in Chicago, Illinois. For Respondent H.J. Meyers & Co., Inc

AWARD NASD REGULATION, INC. In the Matter of the Arbitration Between Name of Claimant David E. Warwick Case No. vs. 95-03594 Name of Respondents Steven R. Cloyes Robert Todd Financial Corp. REPRESENTATION For Claimant, Javid E. Warwick ("Claimant"), Jack Bryan Little, Esq. from the Law Offices of Jack Bryan Little, P.C,, located in Boston, Massachusetts. Respondent, Robert Todd Financial Corporation ("Robert Todd"), did not appear at

NASDR ARBITRATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION In the Matter of the Arbitration Between Name of Claimant Gayle Z. Herskovitz 95-03586 Name of Respondents Ferris Baker & Watts, Inc. David F. Pac REPRESENTATION Claimant Gayle Z. Herskovitz ("Claimant") was represented by David H. Zimmer, Attorney at Law, Potomac, Maryland. Respondents Ferris, Baker Watts, Inc. ("FBW") and David F. Pac ("Pac") were represented

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Edith Blatt 95-03582 Name of Respondents Merrill, Lynch, Pierce, Fenner & Smith, Inc. Aquatia L. Owens CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on July 24, 1995, Claimant Edith Blatt ("Claimant"), through her representative, David Lazer, Esq., of Lazer, Aptheker, Feldman, Rosel

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS Kantilal P. Desai, Claimant, v. No. 95-03580 Merrill, Lynch, Pierce Fenner & Smith, Respondent. REPRESENTATION OF PARTIES The Claimant, Kantilal P. Desai, {"Claimant")/ was represented by John A. Koepke, Esq. of Looper, Reed, Mark & McGraw located in Dallas, Texas. The Respondent, Merrill Lynch Pierce Fenner & Smith Incorporated ("Respondent") was represented by Anne D. Whitney, E

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS James Kaster, Michael, Phil & Nick Colich, Jr., Paul Schneck, Mary Ann Boda, Mark Wernick, Gary Berg, Stephen Levine, Duane L. Graff, John Maas, Claimant, v. NO. 95-03572 R.J, Steichen & Co., Respondent. REPRESENTATION OF PARTIES Claimants James Kaster, Michael, Phil & Nick Colich, Jr., Paul Schneck, Mary Ann Boda, Mark Wernick, Gary Berg, Stephen Levine, Duane L. Graff, J

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Tiffany L. Smith v. Credit Suisse First Boston, Vincent Bartolotta and Paul Checketts Case Number: 01-01921 Hearing Site: Los Angeles, California REPRESENTATION OF PARTIES For Claimant: Robert A. Uhl Law Offices of Aidikoff & Uhl Los Angeles, California For Respondents: Credit Suisse First Boston Elizabeth H. Lindh Keesal, Young & Logan Long Beach, California Vin

NASD AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS. INC. In the Matter of the Arbitration Between Prudential Securities Incorporated, Claimant, -and- No. 95-03565 Christopher Wilson, Respondent. REPRESENTATION OF PARTIES The Claimant Prudential Securities, Incorporated ("Prudential") was represented by Steven P. Gomberg,Esq., Gomberg Kane & Fischer, Ltd., 208 South LaSalle Street, Suite 1800, Chicago, Illinois 60604. The Respondent Ch