N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Smith Barney Shearson, Inc. Eric Fisbman Frank M, Calabrese Alan Gunzal Roman Leniw Richard Flora 95-01340 Name of Respondents Merrill Lynch, Pierce, Fenner & Smith Inc. Nyne of Third-Parfo Re^popd^s Peter DePasquale Edward Rodrick REPRESENTATION For Claimants Brie Fishman, Frank Calabrese, Alan Guenzel

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between N^me of Claimant Vladimir Ostromensky 95-01339 of Resondent Smith Barney, Inc. REPRESENTATION Vladimir Ostromensky ("Claimant") was represented by A. Daniel Woska, Esq. of Woska, Hasbrook, Dowd, Underwood &. Helms located in Oklahoma City, OK. Smith Barney, Inc. ("Respondent") was represented by Gary Chilton, Esq. of Andrews, Davis, Legg, B

N.A.S.D. AWARD In the Matter of the Arbitration Between Name of Claimant Kyle R. Brown 95-01338 Name of Respondents Fred Devereaux, Jr. J.B. Oxford & Company CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on March 16, 1995, Claimant, Kyle R. Brown, who appeared Pro Se, alleged that Respondents, Fred Devereaux, Jr. ("Devereaux") and J.B. Oxford & Company ("JBOC"), made misrepresentations and mis-manage

AWARD NASD Regulation, Inc. In the Matter of the Arbitration Between Names of Claimants Louis E, Dequine, Jr., Individually, Louis E. Dequine, Jr., as Trustee of the Louis E. Dequine, Jr. Revokable Trust and Dorothy M. Dequine as Trustee of the Dorothy M. Dequine Revokable Trust 95-01335 Names of Respondents Daniel Porush Eric Blumen Stratton Oakmont, Inc. REPRESENTATION For Claimants Louis E. Dequine, Jr., Individually, Loui

*•* •* N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Paul M. & Mary G. Shuford 95-01334 Name of Respondents John J. Cummins Beacon Securities,Inc. REPRESENTATION The Claimants Paul M. and Mary G. Shuford ("Claimants") appeared pro se. For Respondent Beacon Securities, Inc. ("Beacon"): Leon B. Lipkin, Esq. , of New York, NY filed an Answer on behalf of Beacon, but

N.A.S.D. AWARD NATIONAL ASSQCTATIQN OF SECURITIES DEALERS. INC. In the matter of the Arbitration Between Name of Claimant Shohre Afshar NASD Arbitration No.95-01331 Name of Respondents Ash & Co., Inc. and Michael Joseph McHale REPRESENTATION For Claimant: Audwin Carey Spence, Esq. Law Office of Audwin Carey Spence Inglewood, California For Respondents: John P. Cione, Esq Law Offices of John P. Cione Solana Beach, California

N.A.S.D. STIPULATED AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name nf Claimant The Ohio Company 95-01330 Name of Respondent Fred E. Balser, Jr. REPRESENTATION For Claimant The Ohio Company appeared Marion H. Little, Jr. , Esq. of the law firm Zeiger, Dreher & Carpenter located in Columbus, Ohio. Respondent Fred E. Balser, Jr. ("Balser") appeared pro se. CASE INFORMATION Statement of Cla

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Austin Church m, Janey Church, Helen Church Towle, both individually and as trustee for the Helen Church Towle Revocable Trust Agreement of 1990 DTD 7-20-94 and Helen Church Towle and Austin Church HI as trustees for the Albert Edward Towle Charitable Remainder Unitrust No. 2 95-01323 Name of Respondent Prudential Secu

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Howard B. and Noreen Wernick 95-01319 Name of Respondents Neil Bearce Bryson Caldwell Cook Smith Barney Inc. f/k/a Shearson Lehman Brothers Inc. CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on March 15, 1995, Claimants Howard B. and Noreen Wernick, who appeared Pro Se, alleged tha

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Mark Okun 95-01315 Name of Respondents David Market Stratton Oakmont, Inc CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on March 14, 1995, Claimant Mark Okun ("Claimant"), who appeared Pro Se, alleged that he purchased shares of Dr. Pepper Beverages in the Summer of 1994, pursuant t