N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between John E. and Ruth Fitzgerald, Claimants Merrill Lynch, Pierce Fenner & Smith Inc., and William M. Elsbury Respondents SMMMff 90-00522 In a claim filed with the NASD on or about February 20 , 1990 John E. Fitzgerald and Ruth Fitzgerald ("Claimants 11 ) alleged that William Elstury ("Elsbury") and Merrill Lynch, Pierce, Fenner & Smith,

_ ^^ Arbitration • ~ l\jj\lOiJ- N.A.S.D. 2MKBD National Association of ® Securities Dealers, Inc. NASD Financial Center 33 Whitehall Street NATIONAL ASSOCIATION OF SECURITIES DEALERS New York New York 10004 In the Matter of the Arbitration Between nf Taro 6. Gehani i 90-00521 Name of Respondents; Fahnestock & Co. , Inc. Pace Securities, Inc.. Sentinel Securities, Inc. Michael A. Tannucilli Daniel A. Ball, Esq., Sole

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Jtotter of the Arbitration Between ) ) Name of Claimantfs) ) ) Michael Jacobson ) ) ) Case Number 90-00520 ) Name of Respondent(s) ) ) PaineWebber, Inc. ) Lawrence Wielgus ) Heard before the nenbers of the Arbitration Panel: Robert HerscJuann, Esq. Public John Darling Industry Judy Avey Public This matter was initiated by a Statement of Claim filed w

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between: ) Name of Claimant (s) ) Samuel Kleinman ) ) CASE f 90-00515 Name of Respondent (s) ) Shochet Securities , Inc . , ) Marvin Shochet and Charles Light ) Heard before the members of the Arbitration Panel: Casey W. Mills, Esq. George R. Canty, Jr. S. Richard Savage CASE SMftRy This claim was filed with the National Association of Secu

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEAI£RS In the Matter of the Arbitration Betvaen Name of 90-' Paul J. Heffernan Mame> of Rpgnnnrianl- :{ s ) G.K. Scott & Cotpany, Inc. MAR 2 21991 In a claim filed with the National Association of Securities Dealers, Ire. ("NASD") on or about ffcbcuary 16, 1990, Paul J. Heffennan ("Claimant"} alleged that an agent for G.K. Scott & Co., Inc. ("Itespondant") agreed to sell the Claimant

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between } ) Name of Claimant*s^ ) ) Patsy A. Minshall ) ) ) ) Name of Pogpnrvtent t s \ ) ) Shearson Lehman Hutton, Inc. ) Desmond Judge ) Arbitration National Association of Securities Dealers, Inc. One East Broward Boulevard Suite 1000 Ft. Lauderdale, Florida 33301 (305) 522-7391 Case No. 90-00510 Heard bef

AWARD NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between Name of Claimant Jim Olchefski d/b/a Upper Ghost Lake Ltd. and 00-04732 Minneapolis, Minnesota Name of Respondents Josephthal & Co., Inc. Fidelis E. Etuk REPRESENTATION OF PARTIES Jim Olchefski d/b/a Upper Ghost Lake Ltd. ("Claimant") was represented by Judith A. Rogosheske, Esq., Best & Flanagan LLP, Minneapolis, Minnesota. Josephthal & Co., Inc. ("Responde

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS' In the Matter of the Arbitration Between Name of Kathleen M. Fagen 90-00506 Name of Resrpondent (s} Prudential-Bache Securities Inc. Heard before: Name Pnhl ir/' Robert J. Ruben, Esq. Public/Chairman Stuart DeHaaf, Esq." Public Jeffrey E. Skogsbergh Industry Claimant was represented by: Scott L. Gilmore r Esq. of Hill, Farrer & Burrill Respondent was represented b

N.A.S.D. AWARD NATICNRL ASSOCIATION OF SECURITIES DEALERS In the Hatter of the Arbitration Between Arbitration National Association of Securities Dealers, Inc. NASO Financial Center 33 Whitehall Street New York, New York 10004 Richard W. Bowyer vs 90-01035 J.W. Gant and Associates, Inc. Atlanta Securities & Investments Inc. James Smith Feed Jonee Stanley Ndnnan Goldstein For Claimant: John A. Bender, Jr* Esq. of Ksye

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the totter of the Arbitration Between Name of Claimant/si John Converse Name Arbitration National Association of Securities Dealers, inc. One East Broward Boulevard Suite 1000 Ft. Lauderdale, Florida 33301 (305) 522-7391 CASE #90-01020 Richard Ginsberg Heard before the members of the Arbitration Panel: Philip F. Ludovici, Esq. Diane H. Perry Samson Silbe