Arbitration N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Betwsen Thomas & Nacmi Bailey vs. Name of Respondents Titan/Value Equities Group, Inc. N. Phillip Mayeux National Association of Securities Dealers, Inc. NASD Financial Center 33 Whitehall Street New York, New York 10004 90-01191 For Claimant: Steven J. Card, Esq., Page & Bacek. For Respondents: Terry R. Weiss, Esq. Smit

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between )" Name of f!laimant(sj ) Shirley J. Mason ) ) Case No.90-01190 Name of Integrated Resources Equity Corp. ) Security Service Corp. ) Lyle Robert Howie ) Ekistic Securities Corp. ) ) Heard before the members of the Arbitration Panel: John P. Cullem, Esq. Public Regar Mickler Industry Robert M. Shavick Public Claimant was repr

N.A.S.D, AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the totter of the Arbitration Between ) ) Name of Arbitration National Association of Securities Dealers, Inc. One East Broward Boulevard Suite 1000 Ft. Lauderdale, Florida 33301 (305) 522-7391 Cheryl Petrulis Case No. 90-01186 Shearson Letiran Hutton, Inc. Desmond Judge Tfonas Vietzke Heard before the members of the Arbitration Panel: James R. Kennedy,

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Carol & Reue Verbus 90-01185 Name of Shearson Lehman Hutton, Inc. Prudential-Bache Securities Ire, Howard M. Russell In a claim filed with the National Association of Securities Dealers, Inc. ("NASD") on or about April 26, 1990, Carol and Reue Verbus ("Claimants') alleged that Howard M. Russell ("Russell"), Prudential-Bache Securities, Inc*

NATIONAL ASSOCIATION OF SECURITIES DEALERS r INC. In the Matter of the Arbitration Between Gopesh K. Sharma Claimant vs . CASE# 90-01179 Trust Bank Securities Brokerage, Inc. Richard W. Mussmon Respondents Heard before: Perry E. Wallace, Jr., Esq. Public Arbitrator Marshall Passman Public Arbitrator K. Douglas Potter Industry Arbitrator CASE SUMMARY In a cli'im filed with the National Association of Securities Dea

Arbitration . National Association of NATIONAL ASSOCIATION OF SECURITIES DEALERS 33 Whitehall Street In the Matter of the Arbitration Between New York, New York 10004 Name of Claimant(s) Gisela Alkhafaji 90-01175 Matthew Kelly Heard before the Arbitrator: Name Public/Industry Professor Arnold Goren Public This matter was initiated by a Statement of Claim filed with the National Association of Securities Dealers, Inc. {"NASD") on

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SH.TJR1T1ES DEALERS In the Matter of the Arbitration Between tfame pf na-l-ncmt Steven F. Isenberg, M.D. 90-01174 p£ John Fink* Gregory Fisher? Jeffrey Fisher; Robert Fisher; Richard Fisher; William Scott; and Claimant was TBpmaiaani-ari by Francis E. Peoningtoa, Esq. of Green, Hbffman & Dankenhriag, St. Louis, Missouri. Respondent, John Fink was originally represented by Jay L. Levitch,

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between Intercredit, S.A. Claimant Award vs. Bear Stearns & Co., Inc. and Carlos Otalvaro Respondents Case #90-01172 Heard before: Allen Kilik Public Arbitrator Henry McCoy, II, Esq. Public Arbitrator Catherine Ladnier Industry Arbitrator CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on April 24, 199

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between Angelo Karakasis FFP Group, Inc. Nicholas G. Zoubroulis Theodore Zoubroulis Case Nos. 01-00645 01-00646 01-00647 01-00648 DiMedio Kirchhoff & Company, Inc. Thomas H. King, Sr. Hearing Site- Philadelphia, PA RF.PPFSFNTATTON OF PAPTTF.S Claimants, Angelo Karakasis ("Karakasis"), FFP Group, Inc. ("FFP"), Nicholas G. Zoubroulis, and Theodore Zoubroul

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Betvreen Olga Butcher 90-01168 Name of Prudent. i a 1-Bache Securities Inc. Robert Venezia This case was filed with the National Association of Securities Dealers, Inc. ("NASD") on April 24, 1990* Claimant, Olga Butcher, (Butcher) alleges that Respondent, Robert Venezia, (Venezia), while employed by Respondent, Prudential-Bache Securities, Inc. (PB