NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between ) ) Terry & Joyce Kirk individually ) AWARD and as Trustees ) Claimants ) NASD #90-01084 vs. ) Black and Co r Inc. and ) L. William Tate ) Respondents ) SUMMARY OF ISSUES This case was filed with the National Association of Securities Dealers, Inc. ("NASD") on April 16, 1990. Claimants alleged that Respondents exercised discretionary

N.A.S.D* AWARD NKTICNRL ASSOCIATION OF SECURITIES DEAIERS In the Matter of the Arbitration Between Boleslaw J. and Janina Kielar 90-01076 Fidelity Investments For Claimants: Boleslaw Kielar. For Respondent: David C. Boch, Esq. of Bingham Dana & Gould. Statement of Claim filed: April 16, 1990. Claimants' Submission Agreement signed on: May 25, 1989. Statement of Answer filed by Respondent, Fidelity Brokerage Services, Inc. on October 9, 1990.

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between ) ) Santo Mangiarelli ) Jennie Mangiarelli, JTWROS ) Claimants ) ) AWARD vs. ) ) NASD #90-01075 M.L. Stern & Co. Inc. ) Harlan Friedman ) Respondents ) __ _ ) OF ISSUES Claimants alleged Respondents breached their fiduciary duty to them by placing their funds in the subordinated debentures of the Southmark Corporation and in

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Betareen Paul S. & Gail Tdtpkins 90-01074 Name of Resrondgntjs) First Affiliated Securities, Inc. S, Scott Rogers Broadcort Cap. Ctorp/vd.thdraw This case was filed with the National Association of Securities Dealers, Inc. ("NASD") on April 19 f 1990. Claimants Paul S. Ttempkins and flail L. Tcnpkins (Tbrapkins) allege that Respondent S. Sc

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. In the Matter of the Arbitration Between F. Gil and Victoria J. Renneckar Claimants vs. First Alliance Securities, Inc. Jeffrey J. Provissiero Will Lincoln Robert A. Hartnagel Calvin Lee Word Sandra Bergin-Vacho Respondents CASE* 90-01072 Heard before: William H. Malloy, Jr. f Esq. K. Douglas Potter Richard E. Lauziere Public Arbitrator Industry Arbitrator

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEAI£RS In the totter of the Arbitration Betwfeen ) Name of naimantfg) ) ) Ilva Osorio & Ilva Campagna Name of Rasfnnrfcml- f g Bill Richardson Greg Hawke Mike Malyneux Dave Holland Case No. 90-01069 For Claimants, Ilva Osorio ("Osorio") and Ilva Campagna ("Campagna"): Andrew C. Barnard, Esq. of Andrew C. Barnard, P.A. For Respondents, Bill Richardson ("Richardson"), Greg Hawke ("

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between G, William Jewell Claimant(s) vs. 90-01062 Pace Securities Respondent(s) NOTICE OF ARBITRATION AWARD CASE SUMMARY Claimant (s) G. William Jewell alleged that Respondent (s) Pace Securities failed to follow Claimant's instructions, which were to execute the purchase of certain securities on an "all or none" basis. Respondent denies that the ord

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Frank M. Timothy Claimant(s) vs. 90-01059 Shearson Lehman Hutton, Inc. Respondent(s) NOTICE OF ARBITRATION AWARD CASE SUMMARY Claimant(s) Frank M. Timothy alleged that Respondent(s) Shearson Lehman Hutton, Inc. through its registered representative, advised Claimant to sell certain securities for a tax loss but failed to advise Claimant of the

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Rick Tripi, (Claimant) vs. Prudential Securities Incorporated, (Respondent) Case Number: 00-04760 Hearing Site: New York, New York REPRESENTATION OF PARTIES Claimant, Rick Tripi, hereinafter referred to as "Claimant": Neal Brickman, Esq., Law Offices of Neal Brickman, New York, NY. Respondent, Prudential Securities Incorporated, hereinafter referred to as "Respondent": Dom

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant ERACQRP PENSION & Profit Sharing Trust 90-01055 Name of Respondent Drake Capital Securities, Inc. Barbara Crcwley QF ERACQRP Pension & Profit Sharing Trust was represented by Ronald H. Groth, Esq. of Thomson, Moran & Groth, Ltd., Minneapolis, Minnesota. Drake Capital Securities, Inc. was represented by Sally J, Whiteside,