Stipulated Award NASD DISPUTE RESOLUTION In the Matter of the Arbitration Between: Names of the Claimants Case Number: 03-03592 Sonja Brandon, Individually and on behalf of her IRAs, Mary Ann Willis, Individually and on behalf of her IRAs, Theodore Willis HI, Jennifer Brandon-McMahon, Timothy McMahon, Margaret Brandon and Wendy Brandon Names of the Respondents Hearing Site: Little Rock, AR Dane Dulaney Fulmer Tonya Gay Fulcher Melissa Ladonn

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Names of Claimants Teresa Perches Alexander and Letede, S.A. de C.V. and Case Number: 03-03586 Hearing Site: Houston, Texas Names of Respondents Merrill Lynch Pierce Fenner & Smith, Inc., John K. Hawley, and Herbert Paul NATURE OF DISPUTE Customers v. Member Firm and Associated Persons REPRESENTATION OF PARTIES Teresa Perches Alexander and Letede, S.A. de C.V.

AWARD NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between Name of Claimant Mark Procunier, Trustee of the MBP Trust and 01-01326 Phoenix, Arizona Name of Respondents Fiserv Correspondent Services, Inc. Hampton-Porter Investment Bankers Andrew S. Louis Gregory DuBois Walker REPRESENTATION OF PARTIES Mark Procunier, Trustee of the MBP Trust ("Claimant") was represented by David R. Jordan, Esq. and Christopher D.

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 03-03585 Charles Schwab & Co., Inc., Claimant v. Richard C. Hearing & Jane E. Nearing, Respondents. ATTORNEYS: For Claimant, Charles Schwab & Co., Inc., ("Claimant"), appeared Richard A. Karoly, Esq., San Francisco, CA. Respondents, Richard C. Nearing & Jane E. Nearing, ("Respondents"), did not submit an answer to the Statement of Claim. NATURE OF DISPUTE: Member v. Customers DATE FILED

AWARD NASD DISPUTE RESOLUTION In the Matter of the Arbitration Between: UBS PaineWebber, Inc. n/k/a UBS Financial Services, Inc., (Claimant) vs. Matthew Christopher Abel, (Respondent) Case Number: 03-03581 Situs: Cincinnati, Ohio Nature of the Dispute: Member v. Associated Person. REPRESENTATION OF PARTIES UBS Paine Webber, Inc. n/k/a UBS Financial Services ("UBS") hereinafter referred to as "Claimant": Deborah H. Gottlieb, Esq., Davidson, Manch

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant UBS Financial Services, Inc. and Name of Respondent Collin Evans Case Number: 03-03578 Hearing Site: Houston, Texas NATURE OF DISPUTE Member Firm v. Associated Person REPRESENTATION OF PARTIES UBS Financial Services, Inc. ("Claimant" or "UBS Financial") was represented by Brent A. Burns, Esq., of Davidson, Manchel & Brenhan, of Northvale, New

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant UBS PaineWebber, Inc. n/k/aUBS Financial Services, Inc. and 03-03577 Phoenix, Arizona Name of Respondents David William Block Nature of the Dispute: Member vs. Associated Person. REPRESENTATION OF PARTIES UBS PaineWebber, Inc. n/k/a UBS Financial Services, Inc. ("Claimant") was represented by Deborah H. Gottlieb, Esq., Davidson, Manchel & Brennan, LLP

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Norman W. Fishman, Individually and as TTEE for Ari Fishman and Case Number: 03-03575 Hearing Site: Chicago, Illinois Name of Respondent Wachovia Securities. LLC. f/k/a First Union Securities, Inc. NATURE OF DISPUTE Customer v. Member. REPRESENTATION OF PARTIES Norman W. Fishman, individually and as TTEE for Ari Fishman ("Claimant") or ("Fishm

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimant Case Number: 03-03573 Howard Elliot Name of the Respondent Hearing Site: Boca Raton, Florida Merrill Lynch, Pierce, Fenner & Smith, Inc. Nature of the Dispute: Customer vs. Member. REPRESENTATION OF PARTIES For Howard Elliot, hereinafter referred to as "Claimant": William Jemison Mims, Jr., Esq., Levin, Papantonio, Thomas, Mitchell, Echsner & Proctor, P.

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Names of the Claimants Case Number 03-03569 George N. Foudos and Helen G. Foudos Names of the Respondents Hearing Site: Baltimore, Maryland Merrill Lynch, Pierce, Fenner & Smith Incorporated Sandra I. Liotta Nature of the Dispute: Customer v. Member and Associated Persons. REPRESENTATION OF PARTIES Claimants, George N. Foudos and Helen G. Foudos, hereinafter colle