Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Celeste Pennachio and Frances Scarpaci (Claimants) vs. Morgan Stanley Dean Witter, Inc., and Ira Walker (Respondents) 04-00748 and Anthony M. Scarpaci, Jr. (Claimant) vs. Morgan Stanley Dean Witter, Inc., and Ira Walker (Respondents) 04-04147 and Robert Scarpaci and Angela Scarpaci, Robert Scarpaci, IRA, Angela Scarpaci* IRA (Claimants) vs. Morgan Stanley Dean

STIPULATED AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Richard A. Loving, Lyda S. Loving and Loving Living Trust Dated 10/21/98 and 04-00741 Phoenix, Arizona Name of Respondents RBC Dair. Rauscher Inc. Carolyn Lou Waters Nature of the Dispute: Customer vs. Member and Associated Person. REPRESENTATION OF PARTIES Richard A. Loving, Lyda S. Loving and Loving Living Trust Dated 10/21/98 ("Claim

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name nf the Claimant. Case Number 04-00736 Grayce T. Campbell Family Limited Partnership Names nf the Respondents Hearing Site- Pittsburgh, Pennsylvania A.G. Edwards & Sons, Inc. Ronald J. Koshar Nature of the Dispute: Customer vs. Member and Associated Person. RFPRF.SF.NTATION Off PARTTFS Claimant, Grayce T. Campbell Family Limited Partnership, hereinafter referred to as "C

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Stewart E. Bowen, Jr., Claimant v. Cuna Brokerage Services, Inc., XCU Capital Corporation, Inc., and Michael Peacock, Respondents Case Number: 04-00734 Hearing Site: San Francisco, California Nature of the Dispute: Customer v. Members and Associated Person REPRESENTATION OF PARTIES For Claimant: Richard Sacks Law Office of Timothy A. Canning Novato, California For Respon

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Nick Korneff and Nadia Korneff, Claimants v. Merrill Lynch, Pierce, Fenner & Smith Inc. and Susan L. Evans, Respondents Case Number: 04-00729 Hearing Site: Los Angeles, California Nature of the Dispute: Customers v. Member and Associated Person REPRESENTATION OF PARTIES For Claimants: Timothy A. Canning, Esq. Attorney At Law Novato, California For Respondents

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Aldo Pace and Ronald Pace (Claimants) v. Morgan Stanley DW, Inc., Prudential Equity Group, LLC f/k/a Prudential Securities, Inc. and Pasquale Capone (Respondents) v. David Pace (Third- Party Respondent) Case Number: 04-00721 Hearing Site: New York, New York Nature of the Dispute: Customers vs. Members and Associated Person (Initial Claim). Member vs. Associated Person (Third-Party C

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Ryan Beck & Co., Inc. (Claimant) v. Lawrence Ferrari (Respondent) Case Number: 04-00717 Hearing Site: New York, New York Nature of the Dispute: Member vs. Associated Person. REPRESENTATION OF PARTIES Claimant Ryan Beck & Co., Inc. ("Ryan Beck") hereinafter referred to as "Claimant": Kenneth O'Connor, Esq. of Lubiner & Schmidt, previously represented by David W. Schmidt, Esq., Lu

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Fahnestock & Co., Inc. (Claimant) v. Gary B. Bickham (Respondent) Case Number: 04-00713 Hearing Site: New York, New York Nature of the Dispute: Member vs. Associated Person. REPRESENTATION OF PARTIES Claimant Fahnestock & Co., Inc. ("Fahnestock") hereinafter referred to as "Claimant": Cory M. Sobel, Esq., Oppenheimer & Co., New York, NY. Respondent Gary B. Bickham ("Bickham") ap

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 04-00711 Gerard and Jacqueline Veziers, Claimants v. Morgan Stanley DW, Inc. and Caroline Mellema, Respondents ATTORNEYS: Claimants Gerard and Jacqueline Veziers (collectively "Claimants") appeared pro se, L'Hay Les Roses, France. For Respondents Morgan Stanley DW, Inc. and Caroline Mellema (collectively "Respondents") appeared Harrison A. Kaufman, Esq., in-house counsel, Morgan Stanley DW,

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Names of Claimants Charlotte H. Kovacs, Robin Howard, Robert O. Koch, Jonell Y. Raborn, and James R. Raborn and Case Number: 04-00705 Hearing Site: Houston, Texas Names of Respondents First Union Securities, Inc. n/k/a Wachovia Securities, Inc., Josephine Anne Otey, Ian Hurwitz, and Michael Steven Dudman NATURE OF DISPUTE Customers v. Member Firm and Assoc