STIPULATED AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant ' ' ' . . • • Stifel, Nicolaus & Company, Inc. and . • 04-07851 ' • ' • - Kansas City, Missouri Name of Respondent • Richard P. Stem • . Nature of the Dispute: Member vs. Associated Person. REPRESENTATION OF PARTIES Claimant, Stifel, Nicolaus & Company, Inc. ("Stifel" or."Claimant") was represented by Richard H. Kuhlman, Esq., Eric D. Marti

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimant Case Number: 04-07848 James T. Keefe Jr. IRA Names of the Respondents Hearing Site: Boca Raton, Florida Merrill Lynch Pierce Fenner & Smith, Inc. Anthony Francis Hartigan William Wright Bourbeau Nature of the Dispute: Customer vs. Member and Associated Person. REPRESENTATION OF PARTIES For James T. Keefe Jr. IRA, hereinafter referred to as

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Scott C. Williams, Claimant v. Bane of America Investment Services, Inc. and Marty Leclerc, Respondents Bane of America Investment Services, Inc., Counter-Claimant v. Scott C. Williams, Counter- Respondent Case Number: 04-07830 Hearing Site: San Francisco, California Nature of the Disputes: Associated Person v. Member and Associated Person Member v. Associated Person REPRESE

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Stafford Reynolds v. Brown & Company Securities Corporation n/k/a J.P. Morgan Investment, LLC Case Number: 04-07823 Hearing Site: New York, New York Nature of the Dispute: Customer vs. Member REPRESENTATION OF PARTIES Stafford Reynolds hereinafter referred to as "Claimant" appeared pro se. Brown & Company Securities Corporation ("Brown & Co.") n/k/a J.P. Morgan Investment, LLC

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION. INC. CASE:01-00366 Milton Hardis, Claimant vs. Jerry A. Wolff and James D. Edge, Respondents. ATTORNEYS: Claimant appeared Pro Se, Deeifield Beach, FL. For Respondents appeared Nuviah Shirazi, Esq., in-house counsel for A.G. Edwards, St. Louis, MO. DATE FILED: January 23, 2001 " "~ CASE SUMMARY: Claimant alleged that Respondents failed to timely execute a sell order of Auto Nation as request

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Jo Ann Ray, Claimant, Case Number: 04-07806 Hearing Site: St. Louis, Missouri v. Merrill Lynch, Pierce, Fenner & Smith, Inc., A.G. Edwards & Sons, Inc., Edward D. Jones & Co., Polly S. Jones, James D. Maher and Jeff G. Pratl, Respondents. Nature of the Dispute: Customer vs. Members and Associated Persons REPRESENTATION OF PARTIES Jo Ann Ray ("Ray 1

Award NASD Dispute Resolution In the Matter of the Arbitration Between: GAL Corporation, Claimant v. Scottrade, Inc., Respondent Case Number: 04-07802 Hearing Site: Los Angeles, California Nature of the Dispute: Customer v. Member REPRESENTATION OF PARTIES For Claimant: Ron A. Auren GAL Corporation Palm Springs, California For Respondent: Dena L. Narbaitz, Esq. Curiale Dellaverson Hirschfeld & Kraemer San Francisco, California CASE I

NASfi DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 04-07782 Brochet Capital Partners, LP, (Claimant) vs. Terra Nova Trading, L.L.C., (Respondent) ATTORNEYS: For Claimant appeared in-house Managing Partner, Brooks B. McFeely, Washington, DC. For Respondent appeared in-house Compliance Director, Dave Persenaire, Chicago, IL. NATURE OF DISPUTE: Customer vs. Member DATE FILED: November 5, 2004 CASE SUMMARY: Claimant alleged that Respondent exe

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 04-07781 Thomas Biskup, (Claimant) vs. Morgan Stanley DW Inc., Austin L. Palmer, Richard H. Gross and Guy S. Gentry, (Respondents) ATTORNEYS: Claimant appeared pro se, Charlotte, NC. For Respondents appeared Morgan Stanley DW Inc.'s in-house counsel Amy DePippo, Purchase, NY. NATURE OF DISPUTE:. Customer v. Member and Associated Persons DATE FILED: November 5, 2004 CASE SUMMARY: Cla

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Claimant Ruth Bicoll v. Respondents Leonard & Company, First of Michigan Corporation, Fahnestock & Co., Inc., Oppenheimer& Co., Inc., and David Locklear And Cross-Claimant Leonard & Company ' ,. , ' Case Number: .04-07777 Hearing Site: Southfield, Michigan v. Cross-Respondents ,. «•- . '( ; First of Michigan Corporation, Fahnestock & Co