Award NASD Dispute Resolution In the Matter of the Arbitration Between: Sandra Benezra, Claimant v. Morgan Stanley & Co., Incorporated and Morgan Stanley DW Inc., Respondent Morgan Stanley & Co., Incorporated and Morgan Stanley DW Inc., Counter-Claimants v. Sandra Benezra, Counter-Respondent Case Number: 03-00057 Hearing Site: Seattle, Washington Nature of the Dispute: Customer v. Members Nature of the Dispute: Members v. Customer REPRESENTATION

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Judy Gray, Executrix for the Estate of Leila Dunkelberg and Case Number. 03-00053 Hearing Site: Houston, Texas Name of Respondent Merrill Lynch Pierce Fenner & Smith, Inc. NATURE OF DISPUTE Customer v. Member Firm REPRESENTATION OF PARTIES Judy Gray, Executrix for the Estate of Leila Dunkeiberg ("Claimant") was represented by Royal B. lea, Esq., B

Award NASD Dispute Resolution, Inc. In the Matter of the Arbitration Between: William Ganci and Kathleen Ganci, (Claimants) vs. TD Waterhouse Investor Services, Inc., (Respondent) Case Number: 00-04294 Hearing Site: New York, New York REPRESENTATION OF PARTIES Claimants, William Ganci ("W. Ganci") and Kathleen Ganci ("K. Ganci"), hereinafter collectively referred to as "Claimants": Jerry I. Lefkowitz, Esq., a sole practitioner, Lake Success, NY.

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimants William Sexton and Diane Sexton William Sexton (individually) and 03-00051 Omaha, Nebraska Name of Respondents Wachovia Securities, Inc. Jeffrey A. Carpenter Nature of the Dispute: Associated Person and Customer vs. Member and Associated Person REPRESENTATION OF PARTIES William Sexton and Diane Sexton ("Claimants") were represented by Frederick B

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Alan and Judith Yale and 03-00050 Chicago, Illinois Name of Respondents SG Cowen Securities Corp. Societe Generate, S.A. Societe Generate, S.A. Financial Square Partners, f/k/a Cowen & Company Lehman Brothers Inc. Lehman Brothers Holdings, Inc. Nature of the Dispute: Customer vs. Members and Non-Members. REPRESENTATION OF PARTIES Alan and

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Names of Claimants Richard Miller, Individually and/as Power of Attorney for Effie Miller and Case Number: 03-00046 Hearing Site: Houston, Texas Names of Respondents Edward D. Jones & Co. Michael S. Murphy NATURE OF DISPUTE Customers v. Member Firm and Associated Person REPRESENTATION OF PARTIES Richard Miller, Individually and as Power of Attorney for Effie Mille

Award COPY NASD Dispute Resolution In the Matter of the Arbitration Between: The Hoeschler Joint Trust dtd March 30, 1988, Claimant v. Morgan Stanley DW Inc., Robert H. Magel, and Melissa Campbell, Respondents Case Number: 03-00045 Hearing Site: San Diego, California Nature of the Dispute: Customer vs. Member and Associated Persons REPRESENTATION OF PARTIES For Claimant: Frank A. Hoeschler Power of Attorney La Jolla, California For Responden

Award NASD Dispute Resolution In the Matter of the Arbitration Between: John W. Tanner (Claimant) v. SG Cowen Securities Corp. and Kim Fennebresque (Respondents) Case Number: 03-00037 Hearing Site: Boston, Massachusetts Nature of the Dispute: Associated Person v. Member and Associated Person. REPRESENTATION OF PARTIES Claimant John Tanner ("Tanner") hereinafter referred to as "Claimant": Judith A. Miller, Esq., Attardo and Miller, LLP, Chestnut Hill

NASD DISPUTE RESOLUTION AWASD NASft PESPUCE CASE: 03-00032 Matthew A. Burello, claimant vs. John Bruzzese, respondent ATTORNEYS; Claimant appeared pro se, Pittsburgh, FA. Respondent appeared pro so, Moon Township, PA, DATE HLED: January 3, 2003 CASE SUMMARY: Claimant alleged tfast respondent advised him to omit information, on his Form U< 4 regarding the fact that he was charged but not convicted of a felony or misdemeanor. Claimant maintained th

NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 03-00027 Joseph P. Labriola, Claimant vs. Patrick Botula and UBS PaineWebber, Inc., Respondents. ATTORNEYS: Claimant, Joseph P. Labriola, ("Claimant") appeared pro se., Pittsburgh, PA. Respondents, Patrick Botula and UBS PaineWebber, Inc., (collectively "Respondents") appeared through their in-house counsel, Heather A. Wright, Esq., New York, NY. DATE FILED: January 3, 2003 CASE SUMMARY: Cl