Award NASD Dispute Resolution In the Matter of the Arbitration Between: Stan Collins, Sherrie Collins, and Michael Collins, (Claimants) vs. SG Cowen Securities Corp. and Nicholas Michael, (Respondents) Case Number: 01-01873 Hearing Site: Columbus, Ohio REPRESENTATION OF PARTIES Claimants Stan Collins, Sherrie Collins, and Michael Collins ( U M. Collins"), hereinafter collectively referred to as "Claimants": Kevin R. McDermott, Esq., Schottenstei

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between . Name of Claimants') Ezra Johnson 92-00545 Name of Respondents) Shearson Lehman Brothers. Inc. The Robinson Humphrey Company. Inc. William L. Effinger. m' Oscar Ayala REPRESENTATION For Claimant Ezra Johnson: Raymond Moss, Esq. and Gregory J. Digel, Esq. of the law firm of Branch. Pike, Ganz & O'CaHaghan. Respondent Oscar Ayala did

N.A.S.D. AWARD ASSOCIATION OF SECORTTXES DEALERS In the Hatter of the Arbitration Between Name of Claimant Paul D. Beernm NftSD Arbitration Mo. 92-00544 Name of Respondents Shearson Lphmnti Brothers, Inc> David. Serxato For Claimant: Richard Sacks, Investors Recovery Service For Respondents : Kathryn L . Krebs , Esq . , Keesal , Young & Togan, Long Roarh California Statement of Claim filed: February 13, 1392 Claimant's Submission

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between T ) Name of Claimant (a) ) === a « 8 == ftBSfe } Charles N. Zalis ) ) Cane No. 92-00540 ) Name of Respondent (s) ) . ) Prudential Securities Inc. ) For Claimant, Charles N. Zalis ("Zalis") : gro se. For Respondent, Prudential Securities, Lac. fka Prudential -Bache Securities, Inc. ("PSI"): Charles T. Richard, Esq

N.A.S.D, AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant(s) Joshua Dwork Name of Respondents) Michael Ehrlich APR 12 ^993 Case No. 92-00539 REPRESENTATION For Claimant, Joshua Dwork ("Dwork' 1 ): pro sg. For Respondent, Michael Ehrlich ("Ehrlich"); pro sg-See Other Issues. CASE INFORMATION Statement of Claim filed: February 13, 1992. Claimant's Submission Agreement si

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Gregg and Melanie Linn 92-00536 Name of Respondents Prudential Securities Inc Hank Mark Werner REPRESENTATION For Claimant: Martin Jay Siegel, Esq. a sole practitioner. For Respondents, Prudential Securities, Inc. and Hank Mark Werner: Gerard Kowalski, Esq. of Prudential Securities, Inc. CASE INFORMATION Statement

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Jeffrey Rayden Edward Rayden NASD Arbitration No. 92-00532 Name of Respondent Kober Financial Corp. REPRESENTATION For Claimants: Larry D. Wayne, Esq. - Sherman Oaks, California For Respondent: Rick J. Rouse - Vice President/Compliance - Kober Financial Corp. CASE INFORMATION Statement of Claim filed: February

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant^ Ron Zimmerman 92-00530 Name of Resoondentfs) Dean Witter Reynolds Inc. Nickolas J. Sigalos Derek M. Denhard REPRESENTATION For Claimant Ron Zimmerman: Alexander J. Repasky, Esq. For Respondents Dean Witter Reynolds Inc. and Nickolas J. Sigalos: Paul Stivers, Esq. of the law firm of Rogers & Hardin. For Respondent D

NOU-17-19S3 16 = 08 FROM NPGD-flRBITRATION-CNICfiGO TO 121 .££584141 N.A.S.D.'AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between "~~ James Robinson 92-00528 Name of ftesoondenf jj Rauscher Pierce Refsnes, Inc.; Gaystone Nash, IDC.; Kober Financial Corporation; Finn One; Boucher Oefamke & Quinn; JoeDiPalma; Anthony Casacci For Claimant; James Robinson was represented by A. Bentiey Nettles, Es

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between Inez M. Conley Claimant CASE #92-00526 AWARD vs . Henry Fenlon William Lang Respondents CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on February 11, 1992, Claimant Inez M. Conley who appeared Pro Se, alleged that Respondents Harry Fenlon & William Lang of the firm Lang & Co. failed to inform her