NASD Dispute Resolution Arbitration No. 01-00908 Award Page 1 of 8 Award NASD Dispute Resolution In the Matter of the Arbitration Between: Wedbush Morgan Securities, Inc. (Claimant) v. Avraham Nissanian (Respondent) Case Number: 01 -00908 Hearing Site: New York, New York REPRESENTATION OF PARTIES Claimant, Wedbush Morgan Securities, Inc., hereinafter referred to as "Claimant": Jerry S. Phillips., Esq., Richman Mann Chizever Phillips & Duboff, Be

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant PaineWebber, Inc. 92-01853 Name of Respondent/Counterclaimant Elton Stanford Stevens For Claimant, PaineWebber, Inc. ("PW"): Steven M. Greenbaum, Esq. of PaineWebber, Inc. For Respondent/Counterclaimant, Elton Sanford Stevens ("Stevens"): I. Jeffrey Pheterson, Esq. of Schmidt & Pheterson. CASE INFORMATION Statement of C

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between n) Name of Claimant! s) \ ' Samuel Lorber 92-01852 Name of Respondent(s) Shearson Lehman Brothers, Inc. Cary Sprung REPRESENTATION For Claimant Samuel Lorber: Jack Balan. Esq. sole practitioner. For Respondents Shearson Lehman Brothers. Inc. and Cary Sprung: John E. Jenkins. Esq., in- house counsel at Shearson Lehman Brothers, Inc.

ROM IHC. P. 15 N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Tom Forsythe Case 1*>. 92-01851 Mama of ItenxMutentf a^ JRAS Securities Inc. Ray Ditto For Claimant, Tom Forsythe ("Forsythe*): JU2 fife. For Respondents, RAS Securities Coip. ("HAS") and Ray Dfita ("Dirts"): Theresa I. Yard, Bsq, of Kelley, Di-ye and Warren. ^SR TNIHORMATION I Statement of Cl

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant(s) Thomas M. Roberts vs. . 92-01847 Name of Respondent! s) World Invest Corporation Pershing/Division of Donaldson. Lufkin & Jenrette Robert McConnack CASE SUMMARY In a claim filed with the National Association of Securities Dealers. Inc. on June 02, W2. Claimant Thomas M. Roberts who appeared pro se. alleged that Responden

t N.A.S7D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Werner & Cynthia Endriss et al Award vs. #92-01845 Name of Respondents Josephthal & Co., Inc. Jesup, Josephthal & Co Inc. Bernard Kauderer JJC Securities Co. Inc. Josephthal Lyons & Ross, Inc. REPRESENTATION For Claimants, Werner Endriss, Cynthia Endriss, individually and as custodian for Deborah Endriss

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between N^me of Claimant Sue A. Smoot _- 92-01842 Name of Respondents Shearson Lehman Brothers, Inc.; Carl Weiner REPRESENTATION For Claimant: Sue A. Smoot was represented by John S. Campbell, Esq. of J.S. Campbell & Associates, P.A., located in Albuquerque, New Mexico. For Respondent: Shearson Lehman Brothers, Inc. and Carl Weiner were represented

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Alfred Mannella 92-01835 Name of Respondents Shearson Lehman Brothers, Inc. Erwin J. Riven Steven Knapp REPRESENTATION For Claimant Alfred Mannella ("Claimant"): Eliot Gersten, of Gersten & Clifford. For Respondents Shearson Lehman Brothers, Inc. ("Shearson"), Erwin J. Riven ("Riven") and Steven Knapp ("Knapp"): John Be

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Bernard L. Maizlish 92-01834 Name of Respondents Paine Webber, Inc. Gerald M. Rashbaum REPRESENTATION For Claimant Bernard L. Maizlish ("Claimant"): Frederick C. Leiner, Esq. of the law firm Tydings & Rosenberg For Respondents Paine Webber, Inc. and Gerald M. Rashbaum ("Respondents"): Thomas M. Mierswa, Jr., Senior Liti

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS, In the Matter of the Arbitration Between iy Name of Claimant _! \j Donald W. Douthit and 92-01824 Name of Respondents The Principal/Eppler Guerin & Turner, Inc. and Tom E. Sears, III REPRESENTATION OF PARTIES Claimant Donald W. Douthit was represented by Joe B. Abbey, Esq. of Dallas Texas. Respondents The Principal/Eppler Guerin & Turner, Inc. and Tom E. Sears, III were repre