Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Estate of Aimer L. Anderson Case Number: 03-02782 Claimant Stifel Nicolas & Co. and Hearing Site: Milwaukee, Wisconsin Robert S. Qmelina, Jr. Respondents TYPE OF CONTROVERSY Customer v. Member Firm and Associated Person REPRESENTATION OF PARTIES Claimant was represented by Stephen L. Morgan, Esq., located in Madison, Wisconsin. Respondents Stifel Nicolaus

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimant Case Number: 03-02780 Annabelle Haupt Names of the Respondents Hearing Site: Tampa, Florida Salomon Smith Barney Inc. Jeffrey McDonald Jack B. Grubman Nature of the Dispute: Customer vs. Member and Associated Person. REPRESENTATION OF PARTIES For Annabelle Haupt, hereinafter referred to as "Claimant": William Young, Esq., Hooper & Weis

Amended Award NASD Dispute Resolution, Inc. in the Matter ot me Arbitration between: Names of the Claimants Cyril and Willena Burke, Individually and as Joint Tenants With Right of Survivorship, Cyril Burke as owner of the Cyril Burke Roth Rollover IRA, Willena Burke as owner of the Willena Burke Roth Rollover IRA and Albert Raoul Barsion, as Attorney-in- Fact for Albert Barsion under Power of Attorney Dated 09/01/98 and as Successor

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimant Case Number: 03-02775 Nancy L. Gimson Names of the Respondents Hearing Site: Tampa, Florida Merrill Lynch, Pierce, Fenner & Smith, Inc. Scott A. Geric Nature of the Dispute: Customer vs. Member and Associated Person. REPRESENTATION OF PARTIES For Nancy L. Gimson, hereinafter referred to as "Claimant": Michael J. Stanton, Esq., James, Hoyer,

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 03-02774 Robert E. Washington, Claimant v. Quest Capital Strategies, Inc. and David Chen Yu, Respondents. ATTORNEYS: Claimant, Robert E. Washington, ("Claimant"), appeared pro se, Washington, DC. For Respondents, Quest Capital Strategies, Inc. and David Chen Yu, ("Respondents"), appeared David Bolton, Esq., of the Law Offices of David Bolton, Esq., Garden City, NY. NATURE OF DISPUTE: Associ

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimant Case Number- 03-02773 Alexander Vishnevsky Name of the. Respondents Henri ng Site- Philadelphia, PA FSC Securities Corporation Lincoln Financial Advisors Corporation and Lee A. Finkelstein Nature of Dispute: Customer v. Members and Associated Person REPRESENTATION OF PARTIES Claimant, Alexander Vishnevsky, hereinafter collectively referred to as

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Jeffrey A. Guthrie, Claimant v. Morgan Stanley DW Inc., Respondent Case Number: 03-02767 Hearing Site: Los Angeles, California Nature of the Dispute: Customer v. Member REPRESENTATION OF PARTIES For Claimant: Michael Huberman, Esq. Seth Huberman, Esq. Huberman & Associates La Quinta, California For Respondent: David Seide, Esq. Morgan Stanley DW Inc. Los Angeles,

NA^D DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 03-02761 Robert and Barbara Grim, claimants vs. Salomon Smith Barney Inc. and David Swank, respondents. ATTORNEYS: For Claimants appeared James Richard Hooper, Esq., of the firm Hooper & Weiss, L.L.C., Orlando, FL. For Respondents appeared in-house counsel Ann Parry, Esq., New York, NY. DATE FILED: April 14, 2003 CASE SUMMARY: Claimants alleged that respondents failed to properly handle

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 03-02758 RoseMarie Aridas, Claimant vs. American Express Financial Advisors, Inc., Respondent. ATTORNEYS: Claimant, RoseMarie Aridas, ("Claimant"), appeared pro se, Laramie, WY. For Respondent, American Express Financial Advisors, Inc., ("Respondent") appeared Gary R. Irwin, Esq., of the Law Offices of Nash, Edgerton & Irwin, Minneapolis, MN. DATE FILED: April 14, 2003 CASE SUMMARY: Claiman

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name nf the Claimant PasfiTsTmnher: 03-02432 Edgar Moser, Jr. Names nf the Respondents Rearing Site: Raleigh, NC Fahnestock & Co., Inc. Gruntal & Co., LLC Fred H. Johnson, HI Lee Fensterstock Albert G. Lowenthal Nature of the Dispute; Customer v. Member, Non-Member and Associated Persons. RF.PUKSENTATION OFPARTTKS Claimant, Edgar Moser, Jr., hereinafter referred