N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECTJRITIES DEALERS. INC. In the matter of the Arbitration Between f Claimant Sarah Sue Brody Name Smith Barney Shearson NASD Arbitration No. 95-03420 REPRESENTATION For Claimant: For Respondent: Sarah Sue Brody, Pro Se Newport Beach, California Ann Parry, Esq. Smith Barney Shearson, Inc. New York, New York CASE INFORMATION Statement of Claim filed: Claimant's Submission

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Charles E. Kautz Name of Respondent Waddell & Reed, Inc. S> Natkmal Securities All Rights Reserved 9503419 REPRESENTATION For Claimant, Charles E. Kautz ("Kautz"): John R. Kiefher, Jr., Esq. of Riden, Earle & Kiefher, P.A., St. Petersburg, FL. For Respondent, Waddell & Reed, Inc. ("Waddell"): Anthony Durone, Esq. an

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Vincent Marchese 93-00159 Name of Respondents Shearson Lehman Brothers, Inc. Vincent Wynne Craig T. Muff REPRESENTATION Claimant Vincent Marchese ("Claimant") was represented by Myron G. Lappen, Attorney at Law. Respondents Shearson Lehman Brothers, Inc. (n.k.a. Smith Barney Shearson, Inc.), Vincent Wynne and Craig

NATIONAL ASSOCIATION OF SECURITIES DEALERS AWARD In the Matter of the Arbitration Between STEVEN P. BEIN Claimant v. NASD No. 93-155 SHEARSON LEHMAN BROTHERS, TODD L. PESCAN and LEE J. BEATTIE Respondents Representation For Claimant: Paul Young of Securities Arbitration Group, Inc., Marina del Ray, CA For Respondent: Victor Machinski, Esq., of Smith Barney Shearson, New York, N.Y. Case Information Statement of Claim filed: Januar

---__ N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between e of ' Sheila Georgette Sadler a/k/a Sheila G. Neitzel NASD #93-00154 vs - AWARD Nam* nf Rftaponrienf David A. Neseon RBPRgflgHTATION For Claimant: IN PRO SE For Respondent: John P. Cione, Esq., of Solana, California CASE Statement of Claim filed: January 14, 1993 Claimant's Submission Agreement signed: December 30, 19

N.A.S.D. FINAL ORDER f NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Mattet of the Arbitration Between ~~ Name of Claimant Kenneth TV..Brown 93-00145 of Respondents Dean Witter Reynolds, Inc. PRPftftSffNTATIQN For Ciairnant, Kenneth Brown ("Brown"): L. Anton Rebalko, Esq. Anton Rebalko, RA., Fort Laudcrdale, Florida. Florida. of the Fdr Respondent, Dean Witter Reynolds, too* "(DWR 11 ): Bradford Kaufinan, Esq., af fSt

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS Name of Claimants G. George Fox Kathleen S. Fox No* 93-00141 Name of Respondent Paulson Investment Company, Inc. REPRESENTATION OF PARTIES For Claimant G. George Fox: Keevan Morgan, Esq. , of Morgan & Bley, Chicago, Illinois. Claimant Kathleen S. Fox appeared pro se. and relied on her husband and his counsel for her case presentation. For Respondent: Keith A. Ketterling, Esq.,

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Michael Kruke 93-00134 Name of Respondents Andrew A. Lanyi Ladenburg, Thalmann & Co., Inc. REPRESENTATION For Claimant, Michael Kruke: Joseph J. Dehner, Esq. of Frost & Jacobs. For Respondents, Andrew A. Lanyi and Ladenburg, Thalmann & Co., Inc.: Stephen L. Ratner, Esq. of Rosenman & Colin. CASE INFORMATION Statemen

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Sherto Pension and Profit Sharing Plan Name of Respondents Merrill Lynch, Pierce, Fenner & Smith Inc. James Brandys 93-00131 REPRESENTATION For Claimants: Edward J. Snyder, Esq. of Snyder and Michalski. For Respondents: Solor Colon, Esq., of Nixon Hargrave. CASE INFORMATION Statement of Claim filed: January 11, 1993.

AWARD NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between Name of Claimant The Blackstone Group and Allan Kowalski and 00-05307 Dallas, Texas Name of Respondents Robert D. Schumacher Adam Mosslih REPRESENTATION OF PARTIES The Blackstone Group and Allan Kowalski ("Claimants") were represented by Allan Kowalski. Robert Schumacher ("Respondent Schumacher") did not appear at the hearing. Adam Mosslih ("Respondent Mossl