N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant(s) Slater Financial Corp. Howard Slater 95-05701 Name of Respondents) Smith Barney, Inc. f/k/a Smith Barney Shearson, Inc. Gwen C. Smith REPRESENTATION For Claimants, Howard Slater ("Slater") and Slater Financial Corporation ("SFC"): Charles P. Randall, Esq., Boca Raton, Florida. For Respondents, Smith Barney, Inc.

Arbitration & Mediation National Association of Securities Dealers, Inc. * NASD Financial Center * 33 Whitehall Street * New York, NY 10004 * Fax 212-858-4429 Washington DC Satellite office at: 1735 K Street, NW - 10th Floor * Washington, DC 20006 * Fax 202-728-6952 N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant W. Knight Fairchild 95-05700 Name of Respondent Edwin Bell CAS

AWARD NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between Name of Claimant Warren L. Scott IRA Account and 01-01108 Houston, Texas Name of Respondents Morgan Stanley DW Inc. f/k/a Dean Witter Reynolds Inc. Cheryl Black Taylor Robert Gehring REPRESENTATION OF PARTIES Warren L. Scott IRA Account ("Claimant") was represented by Warren L. Scott. Morgan Stanley D W Inc. f/k/a, Dean Witter Reynolds Inc. ("Respondent Morg

AWARD NASD Regulation, Inc. Office of Dispute Resolution In the Matter of the Arbitration Between Claimant Eleanor J. Mishel, and 95-05699 Respondents Bear Stearns & Company, Inc.; and William D. Hirsh. REPRESENTATION OF PARTIES For Claimant: Eleanor J. Mishel ("Mishel") was represented by Barry S. Rosen, Esq. of Sachnoff & Weaver, Ltd., located in Chicago, Illinois. For Respondents: Bear Stearns & Company, Inc. ("Bear Stearns") and Will

NASD REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS Name of Claimant Michael J. Babcock * 95-05691 Jason MacKenzie Securities, Inc. Andrew Cinman William Jackob, Jr. REPRESENTATION Claimant Michael J. Babcock ("claimant") appeared pro se. Respondent Jason MacKenzie Securities, Inc. ("Jason MacKenzie") did not appear at the hearing in this matter. Respondent Andrew Cinman ("Cinman") did not appear at the hearing in this matte

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant^) John and Ann Watson Name Raymond, James & Associates, Inc. Investment Management & Research Inc. Charles Brashier 95-05684 REPRESENTATION For Claimants John and Ann Watson ("Claimants"): W. Ronald Waldrop, Esq. of Vestavia Hills, Alabama. For Respondents Raymond James & Associates, Inc. ("Raymond James") and Investmen

NASD REGULATION, INC. AWARD In the Matter of the Arbitration Between Name of Claimant Lombard Securities Incorporated Case No. 95-05679 Name of Respondents Thomas F. White & Co., Inc. Lombard Institutional Brokerage, Inc. REPRESENTATION Lombard Securities, Inc. ("Claimant") was represented by Robert W. Keene, Jr. Esq. of the law firm of Miles & Stockbridge, Rockville, Maryland. Lombard Institutional Brokerage, Inc. and Thomas F. White &

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Mario Denardi 95-05675 Name of Respondents Jonathan Alan & Co. Joseph Agugliaro CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on December 4, 1995, claimant Mario Denardi ("claimant"), who appeared Pro Se, alleged that respondents Jonathan Alan & Co. ("JAC") and Joseph Agugliaro ("Ag

NASD REGULATION AWARD NASD REGULATION, INC. In the Matter of the Arbitration Between Name of Claimant Marian Mancusi Q5-05672 Name of Respondents Smith Barney Shearson, Inc. Stephen A. Renaud REPRESENTATION For Claimant appeared Tedd Belcliti, Esq. a sole practioner located in New York, New York. For Respondents appeared Nicole L. Felton, Esq. of Smith Barney, Inc. located in New York, New York. CASE INFORMATION Statement of Clai

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Jay A. Soncrant 95-05671 Name of Respondents Bear, Stearns & Co, Inc. Josephthal, Lyon & Ross, Inc. CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on December 4, 1995, Claimant Jay A. Soncrant ("Claimant"), who appeared Pro Se, alleged that Respondent JosephthaJ, Lyon & Ross, Inc. ("