Award NASD Dispute Resolution In the Matter of the Arbitration Between: Robert Walton and Scott Hermo (Claimants) v. Nomura Securities International, Inc. and Alex Noujaim (Respondents) Case Number: 00-05451 Hearing Site: New York, New York Nature of the Dispute: Associated Persons vs. Member and Associated Person. REPRESENTATION OF PARTIES Claimants Robert Walton ("Walton") and Scott Hermo ("Hermo") hereinafter collectively referred to as "Claimant

Award NASD Regulation, Inc. In the Matter of the Arbitration Between: Colin Ma, (Claimant) vs. Global Strategies Group, Inc., Jamie Morrill, Robert Carlin, John Williams, and First Southwest Company, (Respondents). Case Number: 98-00424 Hearing Site: San Francisco, California. REPRESENTATION OF PARTIES Colin Ma hereinafter referred to as "Claimant": Alan L. Reeves, Esq., Gonsalves & Kozachenko, Fremont, California. Robert Carlin and Global Strategie

NASD REGULATION, INC. AWARD In the Matter of the Arbitration Between Name of Claimant The Estate of Marvin J. Nissman vs. Case No. 98-00422 Names of Respondents First Montauk Securities Corp, Annette Soldo REPRESENTATION For Claimant Estate of Marvin J. Nissman ("Claimant") appeared Edward Werner, Esq., attorney at law, located in Jackson, New Jersey. For Respondents First Montauk Securities Corp. ("First Montauk") and Annette Soldo

AWARD .REGULATION, INC. In the Matter of the Arbitration Between Name of Claimant Janney Montgomery Scott, Inc. Case Number and 98-00417 Name of Respondent James R. Bell REPRESENTATION OF PARTIES For Janney Montgomery Scott, Inc. ("Claimant") appeared Joseph J. Dougherty, Esq., of Joseph J. Dougherty & Associates, located in West Chester, Pennsylvania. For James R. BellfRespondent") appeared Michael T. Fairell,Esq., of Post& Schell,P.C.,

AWARD NASD Regulation, Inc. Office of Dispute Resolution In the Matter of the Arbitration Between Name of Claimant George Belme and 98-00414 Name of Respondent Kessler & Company Investments Robert Kessler REPRESENTATION OF PARTIES George Belme ("Claimant") was represented by Otto K. Hilbert, II, Esq., Reinhart, Boerner, Van Deuren, Norris & Ri'eselbach, P.C., Denver, Colorado. Kessler & Company Investments ("Respondent Kessler & Company"

AWARD NASD Regulation, Inc In the matter of the Arbitration Between Name of Claimant(s) James F. Maher Arbitration No. 98-00413 Name of Respondentfs) Ridgeway Helms Securities Corp Robert A. Dowlett REPRESENTATION For Claimant: Daniel S. Cornell, Esq., Cornell Law Group, Palo Alto,. California For Respondents: David M. Greenberg, Esq., Larkspur, California CASE INFORMATION Statement of Claim filed on or about: January 30, 199

AWARD NASD REGULATION. INC. In the matter of the Arbitration Between Name of Claimant Waldron & Company, Inc. v. Name of Respondent Michael Visbal Arbitration No. 98-00412 For Claimant: For Respondents: Statement of Claim filed: REPRESENTATION H. Thomas Fehn, Esq. Fields, Fehn & Sherwin Los Angeles, California Irving M. Einhorn, Esq. Law Offices of Irving M. Einhorn Los Angeles, California CASE INFORMATION

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Philip F. Kennedy, Jr. and Melba J. Kennedy, JTWROS, Claimants v. Gerard Bruzzese, First National Equity Corp., Jeffery S. Szur, Kenneth Mandile, Alan P. Gordin, Respondents Case Number: 98-00411 Hearing Site: Los Angeles, California REPRESENTATION OF PARTIES For Claimants: For Respondents Gerard Bruzzese: First National Equity Corp.: Jeffreys. Szur: Kennet

AWARD i i NASD Regulation, Inc. In the Matter of the Arbitration Between Steven A. Polio, Claimant. v. No. 98-00404 Merrill Lynch, Pierce, Fenner & Smith, Inc. Respondent. REPRESENTATION OF PARTIES Claimant Steven A. Polio ("Claimant") was represented by Patrick R. Hogan, Esq. of Lasky Fifarek & Hogari located in Lansing. Michigan. Respondent Merrill Lynch. Pierce, Fenner, & Smith, Inc. ("Merrill Lynch") was represented by Willia

DEC.19.1998 ' l:02Ri NftSD REGULATION FL NO.754 P.8 '< r" NASD REGULATION, INC. AWARD NASD Regulation, Inc., Office of Dispute Resolution In the Vtor of the Arbitration Between Name of Claimant Dean Witter Reynolds, Inc. 98-00402 Name of Respondent James P. Halter REPRESENTATION For Claxttant Dean Witter Reynolds, Inc. ("Dean Witter"): Michael S. Taaffe, Esq., Abel Band Russell Collier l^chford, Sarasota, Florida. Respondent James P.