NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION, INC. CASE: 00-04437 James E. McMahan, Claimant vs. Brown & Company Securities Corporation, Respondent. ATTORNEYS: Claimant, James E. McMahan ("Claimant"), appeared Pro Se.: Peachtree City, GA. Respondent, Brown & Company Securities Corporation, ("Respondent") appeared through its General Counsel, Barry S. Fischer, Esq., Boston, MA. DATE FILED: October 5, 2000. CASE SUMMARY: Claimant alleged that

STIPULATED AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Cathy Seitz and 03-01178 Phoenix, Arizona Name of Respondents Morgan Stanley DW Inc. Jeffrey Bauman Nature of the Dispute: Customer vs. Member and Associated Person. REPRESENTATION OF PARTIES Cathy Seitz ("Claimant") was represented by Dax R. Watson, Esq., Roshka Heyman & DeWulf, PLC, Phoenix, Arizona. Morgan Stanley DW Inc. ("Respo

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Name nf flip Plaimartt Pagg MimihpT- 03-01177 Lee Jackson Laura A. Pentimone; and, FBT Investments, Inc. inagjjg' Dallas, Texas Claimant Lee Jackson, hereinafter referred to as "Claimant": Alex J. Peragine, Esq. of the firm of Peragine & Neill, L.L.C., located in Covington, Louisiana. Respondents Laura A. Pentimone ("Pentimone") and FBT Investments, Inc. ("FBT"), hereinafter

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: • Kenneth and Dorothy Nolan, > Case Number- 03-01176 Claimants v. , Morgan Stanley DW, Inc. and Steven T. Fischer, Hearing Site: Milwaukee, Wisconsin Respondents NATURE OF THE DISPUTE Customers vs. Member Firm and Associated Person REPRESENTATION OF PARTIES Kenneth and Dorothy Nolan (the "Nolans"), hereinafter collectively referred to as "Claimants": Steve

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Kay Barr Keran, Individually and as Trustee of the Lane E. Keran & Kay Barr Keran Family Trust UTD 9-27-95, Claimants v. Merrill Lynch, Pierce, Fenner & Smith, Inc. and Carolyn Colvin, Respondents Case Number: 03-01161 Hearing Site: San Francisco, California Nature of the Dispute: Customers vs. Member and Associated Person REPRESENTATION OF PARTIES For Claimants: David Hollander

Award NASD Dispute Resolution In the Matter of the Arbitration Between: William S. Mednick, Individually and on behalf of the William S. Mednick GTC IRA, Judith A. Mednick, Individually and on behalf of the Judith A. Mednick GTC IRA, Richard Daniels, and Suzan Medrano Daniels, Claimants v. Cruttenden Roth Incorporated n/k/a Roth Capital Partners, LLC, Hagerty Stewart & Associates, LLC, The Seidler Companies Incorporated, and John A. Rosenthal, Respondents

Stipulated Award £ Q P Y NASD Dispute Resolution In the Matter of the Arbitration Between: Fredrick Ashouri and Elfriede Ashouri, Claimants v. Merrill Lynch, Pierce, Fenner and Smith, Inc. and Thomas S. Lowey, Respondents Case Number: 03-01159 Hearing Site: San Francisco, California Nature of the Dispute: Customers vs. Member and Associated Person REPRESENTATION OF PARTIES For Claimants: Stephan C. Williams, Esq. Law Offices of Stephan C. Williams

In the Matter of the Arbitration Between: Name of Claimant Case Number: 03-01156 Raymond James & Associates, Inc. Names of Respondents Hearing Site: Memphis, TN Morgan Stanley DW Inc. Joseph Sharpe REPRESENTATION OF PARTIES For Raymond James & Associates, Inc. ("RJA"), hereinafter referred to as "Claimant": Shepherd D. Tate, Esq., Tate, Lazarini & Beall, PLC, Memphis, TN. For Respondent Morgan Stanley DW Inc. ("MSDW"): Brett D. Sherman, Vice Preside

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Harold Hahn (Claimant) v. Merrill Lynch, Pierce, Fenner & Smith Incorporated, Scott Erickson and Peter Meme (Respondents) Case Number: 03-01151 Hearing Site: New York, New York Nature of the Dispute: Customer vs. Member and Associated Persons. REPRESENTATION OF PARTIES Claimant Harold Hahn ("Claimant"): Douglas S. Knehr, Esq., Douglas S. Knehr, LLC, Lawrenceville, NJ.

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Clinton Rubin and Jennifer Sigler (Claimants) v. Donald & Co. Securities, J.P. Turner & Co., LLC, and Jeff Bassin (Respondents) Case Number: 03-01148 Hearing Site: New York, New York Nature of the Dispute: Customers v. Members and Associated Person. REPRESENTATION OF PARTIES Claimants Clinton Rubin ("Rubin") and Jennifer Sigler ("Sigler") hereinafter collectively referred to as