AMERICAN STOCIC E»C>fAnal^ IN THE MATTER OF ARBITKA'A -.ttTWEEN ^^•E . ANDREW SUINER V. TH3M30N McKLNWON SECURITIES INC.& ARNOIP AND STMJIgY lECERi'iAN ATE FILED: Naveariaer 17, 19B8 piRST SCHEDULED October 26, 1989 DECIDED November 2-;. lijge lASE SUMMARY;* Custcmar v. member dispute. Claimant alleges misrepresentation and neqliqence in the handling of his acoaunts and requests additional sums (profit) to be determinad by the arbitrators. Respondents are r

AMERICAN STOCK EXC .GE IN THE MATTER OF ARBITRATION BETWEEN VSE! VTE FILED: CAROLE LANG V. OFPENflEIMER & CO. , & HASKELL ISRAEL ^^^-/c. • 1/20/89 VSE SUMMARY:* _ 5"IRST SCHEDULED 10/24 /"a9 DECIDED 10/24/89 Customer v. member arbitration. Customer alleges churning, negligence and mismanagement of her account. liAIMANT' S INITIALS SSSIONS: 1 & 2 ^ ^ RESPONDENT'S X^ THIRD PARTY'S INITIALS CAIM AND AWARD DATA:

AMERICAN STOCK EXCHANGE IN THE MATTER OF ARBITRATION BETWEEN -.SI ^TE FILED; Robert Ainbinder & Co.. and ^< S^-^IS^ 6/6/89 FIRST SCHEDULED 10/20/89 DECIDED ip/yn/HQ -..SE SUMMARY: * Mombar V Mamh>.T- aTrh< i-T-ation.—Claimant ,flllegeB respor\4ept. ofaultod OR a promissory note. : ^ .AIMANT'S INITIALS •ISSIONS: RESPONDENT'S THIRD PARTY'S INITIALS .AIM AND AWARD DATA: \IM $44.750 •NITIVE :TV FEES -POSIT N/A

AMERICAN STOCK EXCHANGE IN THE MATTER OF ARBITRATION BETWEEN FRANK MASHUDA V. PRUDENTIAL-BACHE SECURITIES INC. ^^1'IH- ATE FILED: July 29, 1988 FIRST SCHEDULED August 17, 1989 DECIDED October 10,1989 ASE SUMMARY:* Dispute involves 2 XMZ option transactions. Claimant illeqea that his option transactions were not executed and that he was •^qt charged the correct price. LAIMANT'S INITIALS SSSIONS: 1 & 2 RESPONDENT'S ^ ' S ^ THIR

AMERICAN STOCK EXCHANGE IN THE MATTER OF ARBITRATION BETWEEN lirtomer v. Member Small Claims ,'SE : w- PQPTP.w nonfiON v. INVESTORS CO. . LAWRENCE F. TRAINOR, SPEAR LEEDS & KELLOGG AND MERRILL LYNCH, PIERCE, FENNBR & SMITH, INC. .TE FILED: in/2Q/qa .SE SUMMARY; * FIRST SCHEDULED H«.aT^^T^g Waived DECIDED in/in/HQ ,AIMANT'S INITIALS SSIONS: W/A M/A. RESPONDENT'S M/A THIRD PARTY'S INITIALS M/A AIM AND AWARD DATA: AIM S9.500.00

AMERICAN STOCK EXCHANGE IN THE MATTER OF ARBITRATION BETWEEN CASE: Janney Montgomery Scott v. V.L.D. and Larry Polatchek DATE FILED: 1 /TB/89 CASE SUMMARY:* FIRST SCHEDULED 9/25/89 DECIDED 10/5/89 Member v. "member dispute. Claimant alleges Respondent failed to pay commission bills. : ^ CLAIMANT•S INITIALS SESSIONS: 1 RESPONDENT'S THIRD PARTY'S INITIALS CLAIM AND AWARD DATA: CLAIM $3,225.00 PUNITIVE ATTY FEES

SMALL CLAIM DISPUTE CASE: IN THE MATTER OF ARBITRATION BETWEEN MARK IMBROGNO V. SHEARSON LEHMAN HUTTON INC. and BUDDY METH 3ATE FILED: 3/1-t/Hq FIRST SCHEDULED Sent. 25. 1989 PKrTPien gepfc. 25. 1989 ::ASE SUMMARY : * customer v. Member dispi^te. ClSilmant allesrea member fiym mishandled his account. CLAIMANT'S INITIALS #1 SESSIONS: ^ T RESPONDENT'S Respondent (firm) £i^(A^ THTRO PARTY'S INITIALS :LAIM AND AWARD D

AMERICAN STOCK EXt. oE IN THE MATTER OF ARBITRAT. i4 BETWEEN "SE: GRUNT AT. R CO. , TtKiaRPflRATRn v. .Tosppp SCHWARTZ ^-g^- lo ^TE FILED: -TAM- gil^ TQq? FIRST SCHEDULED DEC. 9. 198 H DECIDED SEPT 12. 1989 \SE SUMMARY: * Memher .v. fiiai-QTn«.r- optionw tr-ansaction dispute., Meiqber firm Lajmant alleges that Respondent customer effected options trades on margin T-i r!h »-Qs\ilted in debit balance. Member firm Claimant is requesting attorney feet '

tSE; AMERICAN.STOCK EXCHANGE IN THE MATTER OF ARBITRATION BETWEEN VIVIAN ANN CABDIA V. UURENCE POIA!PCHB^( ^^^-0^ Jan 5, 1989 OECIDED Auguat 25, 19B9 ATE FILED: June 24, 1989 FIRST SCHEDULED ASE SUMMARY!* BfcnajBc v. Member dispute. Claimant aXlegae tace««3h of limitad artnerahip agreement and request attorney fees. LAIMANT'S INITIALS SSSION: ^ •X RESPONDENT'S THIRD PARTY'S INITIALS N/A ;.,AXM AND AWARD DATA: .IM $16,250.

AMERICAN STOCK EXCHANGE IN THE MATTER OF ARBITRATION BETWEEN BRENDA BERGMAN V. JOSEPTHAL S. CO. < «t-^^-0^ KILED: SUMMARY:* 7/11/88 FIRST SCHEDULED 7/19/89 DECIDED 8/17/89 .SE SUMMARY:* naimant allaoes failure to follow her InstTVptlona to -•._ L1 shares of stock. Claim Includes request of $50,000 in punitive •S:z:r.acjGs against the firm for knowingly giving false advise to the claimant. .-.TMANT'S INITIALS Q. S S