AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Richard and Joyce Feinberg and 03-01676 Tucson, Arizona Name of Respondents A.G. Edwards & Sons, Inc. Lester A. Stair Nature of the Dispute: Customer vs. Member and Associated Person REPRESENTATION OF PARTIES Richard and Joyce Feinberg ("Claimants") were represented by Herbert Beigel, Esq., Herbert Beigel & Associates, LLC, Tucson, Arizona. A.

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Claimant Grace Conrad, by and through Rita M. Liechty, Trustee of the Grace N. Conrad Living Trust v. Case Number: 03-01675 Hearing Site: Southfield, Michigan Respondents USAIIianz Securities, Inc. a/k/a LIFEUSA Securities Inc., Jefferson Pilot Securities Corporation, Jefferson Pilot Financial, James J. Morrison, and James J. Morrison & Associates And Cross-Cl

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Jonathan Rapore, Trustee of the Jonathan Rapore APC Pension Plan, Jonathan Rapore, Individually, IRA/FBO Jonathan Rapore, IRA/FBO Deborah Rapore, and Jonathan Rapore as Trustee of the Bettie Rapoport Trust of 1999, Claimants v. Royal Alliance Associates, Inc., Robert L. Levine, and Joseph R. Neri s Respondents Case Number: 03-01671 Hearing Site: Los Angeles, California Natur

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Jacobus Raven and Hendrika Raven, Trustees of The Raven Family Trust U/A dated 6/6/94, Claimants v. Merrill Lynch, Pierce, Fenner & Smith, Inc. and Richard B. Sladek, Respondents Case Number: 03-01670 Hearing Site: San Francisco, California Nature of the Dispute: Customers v. Member and Associated Person REPRESENTATION OF PARTIES For Claimants: Mitchell S. Ostwald, Esq. The Law

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 03-01668 Continental Broker-Dealer Corporation, Claimant v. Eric McDonnell, Respondent. ATTORNEYS: For Claimant, Continental Broker-Dealer Corporation, ("Claimant"), appeared Scott Wassmuth, Esq., Carle Place, NY. Respondent, Eric McDonnell, ("Respondent") did not respond to the Statement of Claim. NATURE OF DISPUTE: Member v. Associated Person DATE FILED: March 10, 2003 ~~ CASE SUMMARY

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Jeffrey King and Linda King (Claimants) v. Merrill Lynch, Pierce, Fenner & Smith, Inc. (Respondent) Case Number: 03-01666 Hearing Site: New York, New York Nature of the Dispute: Customers vs. Member. REPRESENTATION OF PARTIES Claimants Jeffrey King ("J. King") and Linda King ("L. King") hereinafter collectively referred to as "Claimants": Howard M. Rosenfield, Esq., Farmington,

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Names of the Claimants Case Number: 03-01663 Francis Reilly Caroline Reilly Names of the Respondents Hearing Site: Tampa, Florida Merrill Lynch, Pierce, Fenner & Smith, Inc. Anthony DiNallo Nature of the Dispute: Customer vs. Member and Associated Person. REPRESENTATION OF PARTIES For Francis Reilly and Caroline Reilly, hereinafter referred to as "Claimants"

NASQ DISPUTE RESOLUTION AWARD NA^D DISPUTE RESOLUTION CASE: 03-01661 Gerald and Bernice Schaefer, claimants vs. J.W. Charles Securities Inc., respondent. ATTORNEYS: Claimants appeared pro se, Delray Beach, FL. For Respondent appeared Howard A. Tescher, Esq., of the firm Kipnis Tescher Lippman & Valinsky, Fort Lauderdale, FL. DATE FILED: March 7, 2003 CASE SUMMARY: Claimants alleged that respondent misrepresented facts regarding the purchase of C

Award NASD Dispute Resolution In the Matter of the Arbitration Between: The Urbani Family Trust U/A dated 12/31/84, Claimant v. A.G. Edwards & Sons, Inc. and Michael L. Tahmoush, Respondents Case Number: 03-01659 Hearing Site: San Francisco, California Nature of the Dispute: Customer vs. Member and Associated Person REPRESENTATION OF PARTIES For Claimant: Mitchell S. Ostwald, Esq. Sacramento, California For Respondents: Daryl S. Landy, Esq.

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Sheila Perrin, Claimant v. UBS Paine Webber, Inc. and John R. McDonald, Respondents Case Number: 03-01656 Hearing Site: Seattle, Washington Nature of Dispute: Customer v. Member and Associated Person REPRESENTATION OF PARTIES For Claimant: Stephen M. Hansen, Esq. Lowenberg, Lopez & Hansen, P.S. Tacoma, Washington For Respondents: Ted W. Lieu, Esq. UBS Paine Webber, Inc.