Arbitration & Mediation National Association of Securities Dealers,Inc. + NASD Financial Center * 33 Whitehall Street * New York,NY 10004 * Fax 212-&58-4429 Washington DC Satellite office at: 1735 K Street, NW * Washington, DC 20006 * Fax 202-728-6952 N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant John G. Kinnard and Company, Inc. 96-03119 Name of Respondent Mark A. Spaugy

STIPULATED AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION, INC. In the Matter of the Arbitration Between Name of Claimant - Robert F. Harris 96-03107 Name of Respondents Merrill Lynch Pierce Fenner & Smith, Inc J. Guillermo Castro Michael G. Ryan REPRESENTATION For Claimant: Steve Larson*Jackson, Esq. of the law firm of Larson-Jackson, PC, Washington, DC. For Respondents: Bennett Falk, Esq. of Morgan, Lewis & Bockius, LL

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between: Name of the Claimant Haas Group, Inc. Names of the Respondents Bear Stearns & Co., Inc. Robert G. Sievewright, II Case Number: 96-03104 Hearing Site: Atlanta, Georgia Nature of the Dispute: Customer vs. Member and Associated Person. REPRESENTATION OF PARTIES For Haas Group, Inc. ("Haas"), hereinafter referred to as "Claimant": Marshall Haas, President, Haas, Atla

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Steven and Virgina F. Hansen 96-03103 Name of Respondents John Catalano Mario Coniglione CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on July 19, 1996, claimants Steven and Virgina F. Hansen ("claimants"), who appeared Pro Se, alleged that respondents John Catalano ("Catalajio") a

NASD REGULATION, INC. AWARD Office of Dispute Resolution In the Matter of the Arbitration Between Claimants Thomas R. Jones as Personal Representative for the Estate of Elizabeth Jones Case Number 96-03101 Respondents Merrill Lynch, Pierce, Fenner & Smith, Inc. John Tucker REPRESENTATION OF PARTIES For Claimant Thomas R. Jones as Personal Representative for the Estate of Elizabeth Jones ("Jones"): Robert G. Haile, Esq. and Susan B. Yoffe

AWARD NASD Regulation, Inc. Office of Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Tommy S. Giljum and 96-03096 Name of Respondents Smith Barney, and Robert Campbell REPRESENTATION OF PARTIES Tommy S. Giljum ("Claimant") was represented by MichaeJ Salcido, Esq., Phoenix, Arizona. Smith Barney Inc. ("SBI") and Robert Campbell ("Campbell") (collectively referred to as "Respondents") were represented by Mario

N.A.S.D. REGULATION. INC. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION, INC. In the Matter of the Arbitration Between Name of Claimant Sarah Williams Vick 96-03094 Name of Respondents Scott & Stringfellow, Inc. Daniel S. Little REPRESENTATION Claimant Sarah Williams Vick ("claimant") appeared Pro Se. For respondents Scott & Stringfellow, Inc. ("S&S") and Daniel S. Little ("Little") appeared their representative Elizabeth F

AWARD NASD Regulation, Inc. Office of Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Joan M. Roberts and 96-03092 Name of Respondent Paine Webber, Inc. John McFerran REPRESENTATION OF PARTIES Joan M. Roberts ("Claimant") was represented by William D. Nelson, Esq., SHvka Robinson Waters & O'Dorisio, Denver, Colorado. Paine Webber, Inc. ("Respondent PaineWebber") and John McFerran ("Respondent McFerran") w

Award NASD Regulation, Inc. In the Matter of the Arbitration Between: Andrew Garrett, Inc., ("Claimant") vs. Thomas Song and Lawrence Topper, ("Respondents") Case Number: 96-03088 Hearing Site: New York, NY REPRESENTATION OF PARTIES Claimant Andrew Garrett, Inc., hereinafter referred to as "Claimant": John E. Lawlor, Esq., Mineola, NY. Respondent Thomas Song ("Song") appeared pro se. Respondent Lawrence Topper ("Topper") appeared pro se. CASE IN

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Abdul Al-Najem, Claimant v. E*Trade Securities, Inc., Respondent Case Number: 00-05134 Hearing Site: Los Angeles, California REPRESENTATION OF PARTIES For Claimant/Counter-Respondent: Michael A, Oswald, Esq. Edward W. Russey, HI, Esq. Oswald & Yap Irvine, California For Respondent/Counter-Claimant: John M. McCoy, Esq. > Bird, Marella, Boxer & Wolper Los Angeles, Cali