% N.A.S.D. AWARD NATIONAL ASSOCIATION OF 5ECUPTTTES DEALERS. INC. In the matter of the Arbitration Between Name of Claimantfsl Charles M. Matter, Trustee of The Penelope Wendel Matter Trust and The Diane Wendel Edwards Trust NASD Arbitration No. 93-01037 Name of Respondent(s^ Merrill Lynch, Pierce, Fenner & Smith, Inc. James L. Harbour REPRESENTATION For Claimant: Charles M. Matter, San Marino, California For Respondents: Cha

* N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS Name of Claimants Kenneth E. Davis Jean R. Davis NO. 93-01035 Name of Respondents Olde Discount Corp. William Osborne £ REPRESENTATION OF PARTIES For Claimants: James J. Moylan, Esq., of James J. Moylan & Associates, Inc., Chicago, Illinois. For Respondents: Bruce A. Campbell, Esq., Corporate Attorney, Olde Discount Corp*, Detroit, Michigan. CASE INFORMATION

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS Name of Claimant Ruth B. Hoehn No. 93-01027 Name of Respondents Shearson Lehman Brothers, Inc. James Lepow REPRESENTATION OF PARTIES For Claimant: £rdner R. Cheshire, Jr., Esq., of McEvoy, Daniels, Hollowell and Cheshire, Tucson, Arizona. For- Respondent Shearson Lehman Brothers, Inc.: J. Emery Barker, Esq., of Mesch, Clark and Rothschild, Tucson, Arizona. For Respondent James

Stipulated Award NASD In the Matter of the Arbitration Between: Kevin Clarke, Claimant v, Allen Douglas Securities, Inc. and Terry Dwight Mixon, Respondents Case Number: 00-03598 Hearing Site: Tampa, Florida REPRESENTATION OF PARTIES For Kevin Clarke, hereinafter referred to as "Claimant": Eric A. Lanigan, Esq., Winter Park, FL. For Terry Dwight Mixon ("Mixon") and Allen Douglas Securities, Inc. ("ADSF), hereinafter referred to as "Respondents": William

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimant Ray Volpe vs. 93-01009 Name of Respondents Louis Kovacs Gale R. Donovan Stanley Goldring REPRESENTATION Claimant appeared pro se. For Respondents Louis Kovacs and Stanley Goldring: Norman S. Lawi, Esq. in-house counsel at Ladenburg, Thalmann & Co., Inc. For Respondent Gale R. Donovan: Leon Reich, Esq. of the law off

A N.A.SJX AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS. INC. In the matter of the Arbitration Between Name of Claimants Robert Burnham NASD Arbitration No 93-00999 Name of Respondent Santa Barbara Securities, Inc. REPRESENTATION For Claimant: Leo Federman, Investors Rights Association, Santa Barbara, California and Dennis Merenbach, Esq., Santa Barbara, California For Respondent: Victor Zilinskas, Esq., Zilinskas & Thompson, Santa Ba

NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between ) ) FAITH K. DIBBLE and ROBERT E. DIBBLE, SR. ) Claimants ) v. ) NO. 93-00996 ) INVESTMENT TIMING & RESEARCH, INC. and ) PETER C. BUCCHIERI > Respondents ) For Claimants; Ronald L. Cheyney, Esq., Boston, MA For Respondents : Grover s. Parnell, Jr. , Esq. of Davis, Malm fc D'Agostine, P.C. , Boston, MA 02108 CASE IMPORMATTON Statement of Cl

PUBLIC N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS — In the Matter of the Arbitration Between Name of Claimant Donald Barrett 93-00995 Name of Respondent Jeffrey H. Supinsky CASE SUMMARY In a claim filed with the National Association of Securities Dealers, Inc. on March 16, 1993, Claimant Donald Barrett, who appeared Pro Se, alleged that on December 2, 1992 his account was transferred to Sovereign Equity Management with Res

N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitration Between Name of Claimants Cheryl S. Henoch, Laurie S. Brock vs. NASD #93-00994 Name of Respondents M.L, Stern & Company, Robert P. Yorba,EEI For Claimant: Timothy D. McGonigle, Esq., of Ruben, Crispi & McGonigie of Los Angeles, California. For Respondents: Michael Holtzman, Esq. of Cambria, California. CASE INFORMATION Statement of Claim fi

NASD AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Amar K. Savla ) Chandrika A. Savla ) ) Claimants ) ) Case Number 93-00993 Painewebber, Inc. ) Allan Douglas ) ) Respondents ) REPRESENTATION Claimants, Amar K. Savla and Chandrika A. Savla ("the Savlas") were pro se. For Respondents, Painewebber, Inc. ("PW") and Allan Douglas ("Douglas"): Malcolm V. McKay, Esq. of Carlton, Fields, Ward, Emmanuel, Smith & Cutler, P.A.