Stipulated Award NASD Dispute Resolution In thematter of the Arbitration Between: Names of the Claimants Case Number: 00-04714 Billie H. and Barbara J. McCutchen Billie H. McCutchen Rollover IRA Barbara J. McCutchen IRA Billie H. McCutchen 401K Names of the Respondents Hearing Site: Boca Raton, Florida K.W. Brown Investments Kenneth William Brown REPRESENTATION OF PARTIES For Billie H, and Barbara J. McCutchen ("McCutchens") and Billie H

Ari " tratlon National Association of Securities Dealers, Inc. NASD Financial Center 33 Whitehall Street New York, New York 10004 N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Hilda G. Ricco 90-00958 Name of Prudential-Bache Securities Inc. Claimant, Hilda G. Ricco ("Ricco"), alleged that Respondent, Prudential-Bache Securities, Inc. ("Pru-Bache"), failed to properly su

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Gabi Shabtai Claimant(s) vs. 90-00953 P.B. Jameson Co., and Charles Jackson Carlton Respondent(s) NOTICE OF ARBITRATION AWARD CASE SUMMARY Claimant(s) Gabi Shabtai alleged that Respondent(s) P.B. Jameson Co., and Charles Jackson Carlton failed to send him stock certificates and as a result his ability to sell his stock was adversely affect

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of mali Clifford & Joyce Goodletson 90-00948 Name of Merrill Lynch, Pierce Fanner & Smith Inc Scott Arnott In a claim filed with the National Association of Securities Dealers, Inc. ("NASD") on or about April 2, 1990, Claimants Clifford and Joyce Goodletson ("Claimants") alleged that they were induced to transfer their account fron the

N.A.S.D. AWARD ^PR ? 3199! NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Lewis E. Henderson 90-00945 Name of Merrill Lynch Pierce Fenner & Smith p Inc. In a Claim filed with the National Association of Securities Dealers, Inc. ("NASD") on or about March 30, 1990, Claimant Lewis Henderson ("Henderson") alleged that Respondent Merrill Lynch Pierce Fenner & Smith, Inc. ("Marrill

NASID N.A.S.D. AWARD NAUXUftL ASSOCIATION OF SBOKTEIES DEMURS Arbitration National Association of Securities Dsaisrs, Inc. NASD Rnancial Center 33 Whitehall Street New York, New York 10004 In the Matter of the Arbitration Between Walter F. Stuhldreher vs Case f 90-00936 Dean Witter Reynolds, Inc. Claimant, Walter F. Stiihldreher, a i 11o y an that he sold his shares in Southern Go* to purchase shar

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the totter of the Arbitration Between ) ) Name of (71 a i mantis! ) ) Sandra F. Borchers ) ) Case No. 90-00931 Name of Respondent^ ) ) Smith Barney Harris Upham & Co., Inc. ) James Strainer ) Mark D. Gilbert ) Heard before the members of the Arbitration Panel: Randy R. Freedman, Esq. Public Harold Alenick Public Lionel P. Greenbaum Industry Claimant, Sandra

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: Aldis Browne in and Maria Munroe Browne, Trustees f/b/o The Browne-Munroe Family Trust^ Claimant v. Morgan Stanley Dean Witter, Inc., James Luke Patterson, Martin W. "Bud" PernoUV and William E. Smith, Respondents Case Number: 00-04712 Hearing Site: Los Angeles, California REPRESENTATION OF PARTIES For Claimant The Browne-Munroe Family Trust: For Respondents Morgan Sta

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of August C. & June Simons 90-00928 nf Butcher & Singer, Inc. Stuart M. Hamnerle Howard Butcher III Wheat First Securities For Claimants: Marc E. Levitt, Esq. of Eugene A. Specter & Associates, P.C. For ail Respondents: Michael N. Qnufrak, Esq. of White and Williams. Statement of Claim filed: March 30, 1990; Submission Agreemen

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Mary Tucker McCall Claimant(s) ARBITRATION VS. AWARD 90-00926 Bane One Securities, Inc. and Thomas J. Flood Respondent(s) NOTICE OF CASE SUMMARY Claimant(s) Mary Tucker McCall alleged that Respondent(s) Bane One Securities, Inc. and Thomas J. Flood misrepresented material facts as to Claimant's investment made through Respondents. Respondent(s)