NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 04-07112 Susan Morgan (Claimant) v. Harrison Securities, Inc. and James Pecoraro (Respondents) ATTORNEYS: For Claimant Susan Morgan ("Claimant") appeared Sameer Rastogi, Esq., of the firm Sichenzia Ross Friedman Ference, LLP, New York, NY. For Respondents Harrison Securities, Inc. and James Pecoraro (collectively "Respondents") appeared Michael Utilla, Esq., Brooklyn, NY. NATURE OF DISPUTE

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Ryan Beck & Co., Inc. (Claimant) v. George Nikitovich (Respondent) Case Number: 04-07106 Hearing Site: New York, New York Nature of the Dispute: Member v. Associated Person REPRESENTATION OF PARTIES Claimant Ryan Beck & Co., Inc. ("Ryan Beck") hereinafter referred to as "Claimant": Kenneth O'Connor, Esq., Lubiner & Schmidt, Cranford, NJ. Respondent George Nikitovich ("Nikitovich

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Teresa Floratos, Claimant v. Morgan Stanley DW Inc. and William Saltz, Respondents Case Number: 04-07098 Hearing Site: San Francisco, California Nature of the Dispute: Customer v. Member and Associated Person REPRESENTATION OF PARTIES For Claimant: Daniel D. White, Esq. Attorney at Law Newport Beach, California For Respondents: Mauricio S. Beugelmans, Esq. Morgan Stanley

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Rose Holden, John Herberger, Jessica R. Bullis and Tresa Lematta, Claimants v. Peter F. Bozikovich, HP Securities, Inc. and HP Investment Advisory, Inc., Respondents Case Number: 04-07097 Hearing Site: Portland, Oregon Nature of the Dispute: Customers v. Member, Non-Member and Associated Person REPRESENTATION OF PARTIES For Claimants: Christina L. Beatty-Walters, Esq. Stoll Stol

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 04-07088 Martin and Stephanie Reingold, (Claimants) vs. Quick and Reilly, Inc., Allen Rosenberg, Patrick Dowden and Frederick Warren, (Respondents) ATTORNEYS: Claimants appeared pro se, Oceanside, NY. For Respondents appeared Russel D. Francisco, Esq., of the firm Wolff & Samson PC, West Orange, NJ. Quick and Reilly, Inc., Allen Rosenberg, Patrick Dowden and Frederick Warren are hereinafter

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Patti Schachter Margolis and Shana Elissa Margolis (Claimants) v. Merrill Lynch, Pierce, Fenner and Smith, Inc. and Faye Morton (Respondents) Case Number: 04-07052 Hearing Site: Cleveland, Ohio Nature of the Dispute: Customers v. Member and Associated Person REPRESENTATION OF PARTIES Claimants Patti Schachter Margolis ("P. Margolis") and Shana Elissa Margolis ("S. Margolis") her

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Kurds Fechtmeyer, Claimant v. Pacific Growth Equities, LLC, Richard H. Osgood, HI and George J. Milstein, Respondents Case Number: 04-07045 Hearing Site: San Francisco, California Nature of the Dispute: Associated Person vs. Member and Associated Persons REPRESENTATION OF PARTIES For Claimant: William F. Murphy Dillingham & Murphy, LLP San Francisco, California For Respo

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between Name of Claimant Santander Securities Corporation of Puerto Rico Case No. 01-00305 Name of Respondent Roberto R. Werner Hearing Site: San Juan, Puerto Rico REPRESENTATION OF PARTIES For Santander Securities Corporation of Puerto Rico (" Santander"), hereinafter referred to as "Claimant": Graciana Gonzalez, Esq. of Correa, Collazo, Herrero, Jiminez & Fortuno, San

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION. INC. CASE: 00-00605 Michael J. Pfeifer, claimant vs. Brian James Zimmerman and Andrew Garrett Sycoff, respondents. ATTORNEYS: Claimant Michael J. Pfeifer, appeared Pro Se., Jersey City, NJ. Respondent Brian James Zimmerman, appeared Pro Se, New York, NY. Respondent Andrew Garrett Sycoff appeared Pro Se, New York, NY. DATE FILED: February 10, 2000 CASE SUMMARY: Claimant alleged respondent cha

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimant Magdalena Cruzval Names of the Respondents Morgan Stanley DW, Inc. Diana Castillo Case Number: 04-07039 Hearing Site: San Juan, Puerto Rico Nature of the Dispute: Customer vs. Member and Associated Person. REPRESENTATION OF PARTIES For Magdalena Cruzval ("Cruzval"), hereinafter referred to as "Claimant": Scott L, Silver, Esq., Blum & Silver,