N.A.5.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between ) ) Mame of Claimanti(s) ) ) Thelma Pollack ) ) ) Case No. 91-00364 Shochet Securities, Inc. Marvin Shochet For Claimant, Ttelma Pollack ("Pollack"): Dyaime E. Feinberg, Esq. of Gil bride, Heller & Brown, P.A. For Respondents, Stochet Securities, Inc. ("SSI") and Marvin Shochet ("Shochet"): Alex J. Sato, Esq. of Jfcrgan Lewis & Bock

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between Manjit Singh Khalsa Claimant vs. H.T. Fletcher Securities, Inc* Richard Crosby Respondents CASE f91-00361 AWAHD CASE SUMMARY Manlit Singh Khalsa, in a claim filed .with the National Association of Securities Dealers, Inc. on February 4, 1991, alleged that Respondent Richard Crosby at H.T. Fletcher Securities, Inc. recommended that he sell 6,

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between} ) Bear, Stearns & Company, Inc. ) Claimant } ) AWARD vs. ) ) NASD #91-00360 Centurion Company ) John Albert ) Respondents ) __) REPRESENTATION Claimant was represented by Michael C. Licosati, Esq., of Keesal, Young & Logan r Long Beach, California. Respondents were not represented and did not appear at the hearing. S

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Q£ LIT America, Inc. 91-00359 Name of Resprmripnt; Mark Wander For Claimant: daimant TV*H no attorney of record. For Respondent; Paul Pantano, Esq. of McDennott, Will & Bnery. case Claimant filed a Statement of n^™ dated January 30, 1991 and executed a Submission Agreement on January 28, 1991. Respondent did not file a Statement of Answ

Stipulated Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Name of Claimant: Norman R. Spicer Trustee, Norman R. Spicer Rev. Trust, Case No: 00-04922 Names of Respondents: American Express Financial Advisors, Inc., Mark Ryan and Brenda Martin. Hearing Site: Boca Raton, Florida REPRESENTATION OF PARTIES For Norman R. Spicer Trustee, hereinafter referred to as "Claimant": John T. Morrison, Esq., Boca Raton

N.A.S.D. AWARD NKTICNAL ASSOdKTICN OF SECURITIES DEALERS In the Matter of the Arbitration Between* Name of Clalmnt(s) Rollis L. Friend Mary Viola Friend vs. 91-00358 Name of Respondent (s) Shearson Tehran Brothers, Inc. Michael R. tfcore For rna-iTna-n.ts; Leonard Herr, Esq. , Kahn, Scares & Convey, Visalia r California For Respondents: Robert L. Gonser, Esq., Keesal, Young & Logan, San Francisco, California QMSB IKECBiKEICH

NATIONAL ASSOCIATION OP SECURITIES DEALERS, INC. In the Matter of the Arbitration Between : •• Dean Wittw, Reynolds f Inc. : vs, Marie Elaina and Lawrence Filetti Respondents : CASE SUMMARY Dean Witter Reynolds, Inc. by its counsel, Dominick J. Dorata, Esq., in a claim filed with the National Association of Securities Dealers, Inc. on February 1, 1991, alleged that Respondents Marie Elaina and Lawrence Filetti have failed to pay

H.A.S.D. NAUCNKL ASSOCTATICK OF SECOKmES DERU3RS In the Matter of the Arbitration Between, of Wallace BoMard Clayton & Muriel Clayton. of Merrill Lynch, Pierce Fenner & Smith "IncH Anne M. Cook 91-00347 For daisont: Bruce R, Heurlin Clayton and Muriel daytcn. were represented by Esq. of O'Ccomor, Cavanagh, Anderson, Westover, Killingsworth & Besbears, P.A., in Tucson, Arizona. Foe Respandentst Mecrill Lynch, Pierce, Feoner & Smit

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between '" Name of Claimant Gale Bailey 91-00345 Name of Respondents Creative Equity Resources, Sheila Field, Field Financial Services, and Thorn Berkowitz. RKPRESgHTATION~~ For Claimant at the hearing: Margaret K. Savage, Esq., Minneapolis, Minnesota. For Respondent, Creative Equity Resources, Inc. at the hearing: Peter J. Tinroons, Saq. o

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between John w. & Barbara Ann Wall Claimants v. Case No. 91-00-344 AWARD G.K. Scott & Co., Inc. Michael Roberts Philip C, Mullan Respondents This matter was heard in Columbus r Ohio, on December 12, 1991. The Claimants appeared pro se; Respondent G.K. Scott & Co., Inc., was represented by Harold I. Geringer, Esq.; Respondent Michael S. Roberts par