NASD DISPUTE RESOLUTION AWARD NASD DISPUTE RESOLUTION CASE: 02-05394 David Shu, claimant vs. Bruno Cerqueira Fernandes, respondent. ATTORNEYS: Claimant appeared pro se, West Hills, CA. Respondent appeared pro se, Arlington, VA. DATE FILED: September 11, 2002 CASE SUMMARY: Claimant alleged that respondent made two, false, inflammatory, and vindictive statements on his form U-5. ARBITRATOR'S REPORT: See attached Exhibit A. Claim Data Award Dat

Award NASD Dispute Resolution In the Matter of the Arbitration Between: Jim Stepanian, Claimant v. Merrill Lynch, Pierce, Fenner & Smith Inc., Respondent Case Number: 02-05392 Hearing Site: Los Angeles, California Nature of the Dispute: Customer v. Member REPRESENTATION OF PARTIES For Claimant: Lee G. Werner, Esq. Carroll & Werner LLP Orange, California For Respondent: Susan L. Hoffinan, Esq. Bingham McCutchen LLP Los Angeles, California

Award NASD Dispute Resolution In the Matter of Arbitration Between: E*TRADE Securities, Inc., (Claimant) vs. Gary Dorsi, (Respondent) Case Number: 02-05391 Hearing Site: New York, New York REPRESENTATION OF THE PARTIES Claimant, E*TRADE Securities, Inc., hereinafter referred to as "Claimant": John Bersin, Esq. Assistant General Counsel, E*TRADE Securities, Inc., Rancho Cordova, CA. Respondent, Cary Dorsi, hereinafter referred to as "Respondent", did not

Award NASD Dispute Resolution In the Matter of the Arbitration Between: International Yacht Restoration School (Claimant) v. Denise Roberts and Salomon Smith Barney (Respondents) v. Elizabeth Meyer (Third-Party Respondent) Case Number: 02-05390 Hearing Site: Boston, Massachusetts Nature of the Dispute: Initial Claim: Customer vs. Member and Associated Person Third-Party Claim: Member and Associated Person v. Customer REPRESENTATION OF PARTIES Cl

Stipulated Award NASD Dispute Resolution In the Matter of the Arbitration Between: Names of the Claimants Joan J. Cantor Rodney H. Jaeger Names of the Respondents Intersecurities, Inc. W.S. Griffith & Co. Craig S. Galatas Manulife Financial Securities, L.L.C. Case Number: 02-05387 Hearing Site: New Orleans, Louisiana Nature of the Dispute: Customer vs. Member and Associated Person. REPRESENTATION OF PARTIES For Joan J. Cantor

STIPULATED AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Name of Claimant Basil Nemer vs. Case Number: 02-05379 Hearing Site: Detroit, Michigan Merrill Lynch Pierce Fenner & Smith, Inc. and Robert M. Dagenais NATURE OF DISPUTE Customer v. Member Firm and Associated Person REPRESENTATION OF PARTIES Basil Nemer ("Claimant") was represented by Laurence S. Schultz, Esq., Driggers, Schuitz & Herbst, Troy, Mich

Award NASD Dispute Resolution In the Matter of the Arbitration Between: i Name of Claimant / • William A. Watson , , Case Number: 02-05364 i Name of Respondents J.J.B. Milliard, W.L. Lyons, Inc. And Frederic Lamar Dupree III Hearing Site: Louisville, Kentucky REPRESENTATION OF PARTIES Claimant, William A: Watson, hereinafter referred to as "Claimant": Kevin G. Henry, Esq., of the firm Sturgill, Turner, Barker & Moloney, PLLC, Lex

Award nnnii NASD Dispute Resolution COPY In the Matter of the Arbitration Between: Donald Stephen Clark and Andrea Jeanette Clark, JTWROS and John M. Gustafson, as Trustee of the Clark Charitable Remainder Trust, Claimants v. E*Trade Securities, Inc., Respondent Case Number: 00-04003 Hearing Site: San Diego, California REPRESENTATION OF PARTIES For Claimants: Darvy Mack Cohan, Esq. Law Office of Darvy Mack Cqhan La Jolkj California For Responden

AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Names of Claimants Douglas and Lisa Brocail and Case Number: 02-05361 Hearing Site: Houston, Texas Names of Respondents AXA Advisors, LLC, and Scott E. Brocail NATURE OF DISPUTE Customers v. Member Firm and Associated Person REPRESENTATION OF PARTIES Douglas and Lisa Brocail ("Claimants") were represented by Nelson Ebaugh, Esq., Zimmerman, Axelrad, Meyer, Ster

STIPULATED AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Names of Claimants George and Margaret Nelson and Names of Respondents H&R Block Financial Advisors, Inc., and Jason Gronski Case Number: 02-05359 Hearing Site: Kansas City, MO NATURE OF CASE Customers v. Member and Associated Person REPRESENTATION OF PARTIES George, and Margaret Nelson ("Claimants") were represented by Diane Av Nygaard, Esq., T