N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name n Theodore W. Dick 93-00693 Name of Respondent Kober Financial Corp. CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on February 25, 1993, Claimant Theodore Dick, who appeared Pro Se," alleged that he made an original investment of $4,968.00 on September 24, 1991 with Respondent Kober Financial Corp.

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Coral Wavro 93-00691 Name of Respondents Gruntal & Co., Inc. Steven Racher REPRESENTATION For Claimant, Coral Wavro ("Wavro"): Adam Smith of Investors Arbitration Services, Inc. For Respondents, Gruntal & Co., Inc. ("Gruntal") and Steven Racher ("Racher"): Kimberly Unger, Esq. of Gruntal & Co., Inc. CASE INFORMATION

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION. INC. CASE:01-00933 Researched Roofing Systems, Inc. and Robert LoCoco, claimants vs. George Patrick Ford Jr., Monroe Parker Securities, Inc., and John P. Clancy, respondents. ATTORNEYS: For Claimant Researched Roofing Systems, Inc. appeared Robert LoCoco, President, Orland Park, IL. For Respondent George Patrick Ford, Jr., appeared Marc J. Ross, Esq., and William Byers, Jr., Esq., of the firm Si

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS Name of Claimant Cowen construction, inc. NO. 93-00688 Name of Respondents Stratton oakmont, inc. Howard Scott ceifand REPRESENTATION OF PARTIES For Claimant: Barry K. Beaslev, Esq. and J. Clark Kendall II, Esq., of Huffman Arrington Klhle Gaberino & Dunn, Tulsa,pklahoma. For Respondent: Norman B. Arnoff, Esq., of capuder & Arnoff, New York, New York, and William B. Federman, Esq.

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Estate of Joseph Wohl } D.D.S. and Marcia Wohl IRA Account vs. 93-00687 Name of Respondents Monaco Securities, Inc. First Radnor Equities, Inc. Charles L. Gorenberg John J. Fischer Denise R. McGann Richard L. Breyley Seymour Frank Asset Allocations Advisors, Inc. REPRESENTATION For Claimants

PUBLIC N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Judith Brighton 93-00683 Name nf Ideal Securities, Inc. Donald R. Tyner, Jr. Gregory Alan Reed Michael Lincicome Hi-Tech Resources, Inc. CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on February 24,1993, Claimant Judith Brighton who appeared Fro Se, alleged that Respondents Ideal Secu

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Ngme of Claimant Eart R, Crouch 93-00358 ffame of Rpsoondenp Brokers Exchange, Inc. John K. Zimmerman REPRESENTATION For Claimant Earl R. Crouch ("Claimant"); Gerard J. Roerty, Jr., Esq. of the law firm of Mays & Valentine, For Respondents Brokers Exchange, Inc. ("Brokers Exchange") and John K. Zimmerman ("Zimmerman"}: Joseph Kaestner,

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants James C. and Mary Murphy 93-00356 Name of Respondents Invest Financial Corp. David Grimaldi REPRESENTATION For Claimants, James C. Murphy and Mary Murphy ("Claimants") James S. Brewer, Esq., of the law firm of James S. Brewer. For Respondents, Invest Financial Corporation ("Invest") and David Grimaldi ("Grimaldi"), Eug

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants) William P. Butler 93-00347 Name of Respondent(s) Bear Stearns & Company Robert Soifer REPRESENTATION For Claimant: Richard S. Wayne, Esq. of Strauss & Troy. For Respondents: Daniel S. Taub, Esq. of Bear, Stearns & Company, Inc. CASE INFORMATION Statement of Claim filed: January 29, 1993. Claimant's Submission Agre

H.A.2.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS Name of Claimants Casimir J. Dzialo Bernice J. Dzialo No. 93-00340 Name of Respondents Bear Stearns & Company, Inc. Ronald M. Herman REPRESENTATION OF PARTIES For Claimants: Arne R. Rode, Esq., Chicago, Illinois. For Respondent: William C. Mallory, Esq., Bear Stearns & Company, Inc., New York, New York. CASE INFORMATION Statement of Claim filed on or about: January 29, 199