N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Michael Stefaniak 95-04534 Name of Respondents Marsh Block and Co. John A very t REPRESENTATION For Claimant Michael T. Stefaniak appeared Anthony J. Horn, Esq., Philadelphia, PA. For Respondent Marsh Block & Co. appeared David W. Parsons, Marsh Block & Co., Inc., New York, NY. Respondent John Averyt appeared David W. P

AWARD NASD REGULATION, INC, OFFICE OF DISPUTE RESOLUTION _ In the matter of the Arbitration Between Name of Claimant Norman Zalben v. Arbitration No. 95-0452? Name of Respondents Kent Perkers, William Lawrence Securities, Inc., and Bruce Clark • REPRESENTATION For Claimant: Daniel O'Connel, Esq. CU::r Prince, Heuer & O'Connei Los Angeles, California For Respondents: Raymond Niesslein William Lawrence Securities Inc.

NASD AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between Anthony J. Parisi, Claimant, t v. No. 95-04522 Ji ** . - . , « • - T € N ' lli °n»l Association of ^Prudential Securities, Inc., Stx untie* Oemer*. i nc Respondent - All Ri£te Reserved REPRESENTATION OF PARTIES Anthony J. Parisi ("Claimant") was represented by Michael Salcido, Esq., Scot

N.A.S D AWARD NAIIQNAI. ASSOCIATION OF SECTJRTTIES DEALERS. INC. In the matter of the Arbitration Between Naqie of Claimants Fenix Research Group, Inc. and Ira S. Lifland Name of Respondents Robert F. Smith, Daniel M. Porush, and Stratton Oakmont, Inc. For Claimant: For Respondent: REPRESENTATION Brian K. Lowe " " " Invesitors Arbtotipn .pervices, Inc. ; Woodland Hills, California , Einhom Los Angeles, California CASE INF

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Michael and Annie Beilenson 95-04515 Name of Respondents Seaborad Securities Inc. Angelo Gibilsco Sergio Urratia ~~ ' > CASE SUMMARY * * [a a claim filed with the National Association of Securities Dealers, Inc. on September 25, .1995 Claimants Michael and Annie Beilenson ("Claimants"), who appeared Pro Se, alleged

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Stephen H. Rosenoff Name of Respondent First Securities, Inc. 95-04510 © National Association of Securities Dealers, Inc. All Rights Reserved REPRESENTATION Claimant Stephen H. Rosenoff ("Claimant") was represented by David A. Furrow, Esq., Rocky Mount, Virginia, Respondent Wheat First Securities, Inc. ("Respondent'

AWARD NASD Regulation,'Inc. Office of Dispute Resolution In the Matter of Arbitration Between William Fox, Claimant, and No. 95-04506 Gruntal & Co., Inc., Oppenheimer & Co., Inc. and Richard Lynch, Respondents. REPRESENTATION OF PARTIES Claimant William Fox was represented by Thomas A. Hargett, Esquire of Maddox, Koeller & Hargett, located in Indianapolis, Indiana. Respondent Gruntal & Co., Inc. was represented by Harry D. Frisch

AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION, INC In the Matter of the Arbitration Between Earl L. Lester, Claimant, v. Prudential Securities, Inc. and Anne Davidson, Respondents. REPRESENTATION OF PARTIES CASE No. 95-04503 © National Association o Securities Deatr*' *-»c. •"^ 100/i All Rights Resewed Claimant, Earl L. Lester was represented by Kevin S. Fiur, Esquire and Christopher Norton, Esquire of Brist

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. AWARD In the matter of the Arbitration Between Name of Claimant(s) Andrew G. & Antoinette Seroka Andrew G. Seroka, Trustee of Estate of Marie Sanson NASD Arbitration v. No. 95-04009 Name of Respondent(s) Cruttenden & Co. Charles Gray REPRESENTATION For Claimants: J. Leo Federman, Investors Rights Association, Santa Barbara, California For Respondents: Elizabeth A. Kendrick, Esq

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Number: 01-01054 Cathy A. Shankle : f^f thfi Res:nnfif|p:n^r'm^ptpr-r < 1a^j]Q^]^ Hearing-Site: St. Louis, Missouri UMB Bank/Scout Brokerage Services, Inc n Claimant/Counter-Respondent Cathy A. Shankle ("Shankle") was represented by Clyde E. Craig, Esq., located in St. Louis, Missouri. Respondent/Counter-Claimant UMB Bank/Scout Brokerage Services, Inc. ("UMB") was