NASD REGULATION, INC. AWARD In the Matter of the Arbitration Between Name of Claimant Duke & Co., Inc. Case No. vs. 96-03145 Name of Respondents Millennium Securities Corp. Cliff Sharfman REPRESENTATION For Claimant Duke & Co., Inc. ("Duke"), William Rotholz, Esq., in-house counsel at Duke located in New York, New York. For Respondent Millennium Securities Corp. ("Millennium") and Cliff Sharfman (Sharfman"), Rick Cardillo, Esq.,

NASD REGULATION, INC. AWARD OFFICE OF DISPUTE RESOLUTION In the Matter of the Arbitration Between Name of Claimants) Guy P. Jackson Trust 96-03142 Name of Respondents) Capital Investment Group, Inc. Richard K. Bryant Elmer Otis Edgerton, Jr. Harry M. Bryant, Sr. John Bryant Davidson REPRESENTATION For Claimant Guy P. Jackson Trust ("Claimant") appeared Andrew O. Whiteman, Esq., of the law office Hartzell and Whiteman, LLP located

NASD REGULATION, INC. AWARD OFFICE OF DISPUTE RESOLUTION In the Matter of the Arbitration Between Name of Ciaimantfs) Ronald Stephen CarvaJho 96-03140 Name of Respondents) Sterling Foster & Co., Inc. Don Torney REPRESENTATION For Claimant Ronald Stephen Carvalho ("Claimant") appeared Terrence P. Tormey, Esq., a sole practitioner, located in Hazlet, New Jersey. For Respondents Sterling Foster & Co., Inc. ("Sterling") and Don Turney ("Turn

NASD REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS Name of Claimant Marjana Pavkovic 96-03138 Name of Respondent Josephthal Lyon & Ross Inc. Edward M. Vecchio, Jr. REPRESENTATION For claimant Marjana Pavkovic ("claimant") appeared G. Alexander Novak, Esq. of the law firm of Novak & Juhase located in New York, New York. For respondents Josephthal Lyon & Ross, Inc. ("Josephthal") and Edward M. Vecchio, Jr. ("Vecchio") appeare

N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION, INC. In the Matter of the Arbitration Between Name of Claimants Mool Raj and Lalita Chadha 96-03137 Name of Respondents Merrill Lynch Pierce Fenner & Smith Inc Zoraida T. May REPRESENTATION For claimants Mool Raj and Lalita Chadha ("claimants") appeared their representative Greg Goodman, Esq. of the law firm Goodman & Goodman located in Mount Sinai, New York.

N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION, INC. CASE 96-03136: Howard and U. Jean Horning Trust, claimant vs. LaCroix Alexander Financial Corp., GPS Consulting Group, respondents. ATTORNEYS: For Claimants: Claimant, by trustee Howard C. Hornig, who appeared Pro Se - Castro Valley, CA For Respondents: Dan R. Waller, Esq. - Dallas, TX DATE FILED: July 22, 1996 CASE SUMMARY: Claimant alleged misrepresentati

N.A.S.D. REGULATION AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION, INC. CASE: 96-03135 Andrew D. Dindak, claimant v. Securities Planners, Inc., Valentin Vasile Sotir, Edward A. McKay, Jr. and David J. Grey, respondents. ATTORNEYS: Claimant appeared Pro Se - Eighty Four, PA Respondents, Securities Planners, Inc., Valentin Vasile Sotir, Edward A. McKay, Jr. and David J. Grey did not appear. DATE FILED: 7/22/96 CASE SUMMARY: Claimant

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Walter John and Mathilde Berg 96-03133 Name of Respondent Joseph Parascandolo CASE SUMMARY In a claim filed with the National Association of Securities Dealers Regulation, Inc. on July 22, 1996, claimants Walter John Berg and Mathilde Berg ("claimants"), who appeared Pro Se, alleged that on November 10, 1995, Walter Berg recei

r Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Kathleen Nelson, individually and as Trustee of the Kathleen Nelson Revocable Trust, Claimant v. Clifton Blanchard, Premier Investment Services n/k/a Premier Asset Management, LLC, Christine Ashjian, Jack White & Company n/k/a TD Waterhouse Investor Services, Inc., Respondents Case Number: 00-05136 Hearing Site: San Francisco, California REPRESENTATION OF PARTIES

N.A.S.D, AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Sybil Kohn 96-03127 Name of Respondents Smith Barney Inc. Norman Klein CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on July 16, 1996, claimant Sybil Kohn ("Kohn"), through her representative Bruce R. Safran, Esq., a sole practitioner located in Tarzana, California, alleged that alt