STIPULATED AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Names of Claimants Charles and Marian Roelent and Case Number: 03-05747 Hearing Site: Detroit, Michigan Names of Respondents McDonald Investments, Inc., Charles W. Rashid, and Ronald P. Rashid NATURE OF CASE Customers v. Member and Associated Persons REPRESENTATION OF PARTIES Charles and Marian Roelent ("Claimants") was represented by Anthony V. Tro

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 03-05744 Tom C. Schock Roth IRA, Claimant v. U.S. Bancorp Piper Jaffray, Inc., Respondent. ATTORNEYS: Claimant, Tom C. Schock Roth IRA, ("Claimant"), appeared pro se, Mahtomedi, MN. Respondent, U.S. Bancorp Piper Jaffray, Inc., ("Respondent"), appeared through their in-house counsel, Mark S. Reed, Esq., Minneapolis, MN. NATURE OF DISPUTE: Customer v. Member DATE FILED: August 6, 2003 CA

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: H&R Block Financial Advisors } Inc., Claimant v. Kevin M. Reed, Respondent Case Number: 03-05742 Hearing Site: Los Angeles, California Nature of the Dispute: Member v. Associated Person REPRESENTATION OF PARTIES For Claimant: For Respondent: CASE INFORMAT Timothy N. Will, Esq. A ~ &Will,LLP ice, California opria Persona Statement of

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION. INC. CASE: 01-01610 Drew Bagdasarian, Claimant vs. Ted Miller and Wells Fargo Securities, Inc. Respondents. ATTORNEYS: Claimant, Drew Bagdasarian, ("Claimant"), appeared Pro Se., San Francisco, CA. For Respondents, Ted Miller and Wells Fargo Securities, Inc. (Collectively "Respondents"), appeared Robert T. Sullwold, Esq., of the firm Sullwold & Hughes, San Francisco, CA. DATE FILED: March 30, 2001

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimant Kelly Ott Names of the Respondents Wachovia Securities, LLC and First Clearing Corp. Case Number: 03-05730 Hearing Site: Atlanta, Georgia Nature of the Dispute: Associated Person vs. Member. REPRESENTATION OF PARTIES Kelly Ott, hereinafter referred to as "Claimant", appeared pro se. For Wachovia Securities, LLC ("Wachovia") and First Clearing

Award NASD Dispute Resolution In the Matter of the Arbitration Between: John K. Wright and Carol A. Wright, Claimants v. Mark H. Workman and Morgan Stanley DW Inc., Respondents Case Number: 03-05723 Hearing Site: Portland, Oregon Nature of Dispute: Customers v. Associated Person and Member Firm REPRESENTATION OF PARTIES For Claimants: Jeffrey S. Salisbury, Esq. Law Office of Jeffrey S. Salisbury Eugene, Oregon For Respondents: Helene Jepson,

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Lamon & Stem, Inc., John Q. Bahrenburg, Geoffrey A. Garbacz and James B. Robinson, Claimants v. Capstone Investments, Inc., Respondent Case Number: 03-05719 Hearing Site: San Diego, California Nature of the Dispute: Member and Associated Persons v. Member REPRESENTATION OF PARTIES For Claimants: Randall R. Rainer, Esq. Wollmuth Maher & Deutsch LLP New York, New York For

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Names of Claimants Carol J. Reynolds, Estate of Charles Lee Reynolds, Jr., and Charles L. Reynolds, Jr., M.D. Profit Sharing Plan vs. 03-05718 Oklahoma City, Oklahoma Name of Respondent Citigroup Global Markets, Inc. f/n/a Salomon Smith Barney Inc. Nature of the Dispute: Customers vs. Member Firm REPRESENTATION OF PARTIES Carol J. Reynolds, Estate of Charles L

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Names of Claimants Javad Bonakchi and Bonakchi Import/Export, Inc. and Case Number: 03-05711 Hearing Site: Houston, Texas Name of Respondent Morgan Stanley DW, Inc. NATURE OF DISPUTE Customers v. Member Firm REPRESENTATION OF PARTIES Javad Bonakchi and Bonakchi Import/Export, Inc. ("Claimants") were represented by Alex Katzman, Esq., Katzman & Katzman, San Ant

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 03-05708 Elisabeth Ehrman, Claimant v. Merrill Lynch Pierce Fenner & Smith, Inc., Respondent. ATTORNEYS: For Claimant, Elisabeth Ehrman, ("Claimant"), appeared Wm. Jemison Mims, Jr., Esq., of the firm Levin, Papantonio, Thomas, Mitchell, Echsner & Proctor, P.A., Pensacola, FL. For Respondent, Merrill Lynch Pierce Fenner and Smith, Inc., ("Respondent"), appeared A. Inge Selden HI, Esq., of the f