AMERICAN STOCK EXCHANGE IN THE MATTER OF ARBITRATION BETWEEN MARTIH FEINS V. MTOIAEL FRANK « ROCKRraVKSN M (iu- finCURITIES, Q^ INC. ^ATE FTLF.D: 12/4/95 FIRST SCHEDULED 3/2/96 DECIDED 3/22/96 :ASF: SUMMARY:* A Menfaer V. Menfaer Lessee/Lessor Lease Agreonent analls claims arbitration. CLAIMANT'S INITIALS RESPONDENT'S _ HEARING DECISION BASED ON THE PLEADINGS. THIRD PARTY'S INITIALS SESSION

AMERICAN STOCK EXCHANGE IN THE HATTER OF ARBITRATION BETWEEN VICTOR & NORMA HECHT V. PRUDENTIAL SECURITIES PROPERTY OF AMERICAN STOCK EXCHANGE ^^i^-(gl3 DATE FILED: 3/13/95 FIRST SCHEDULED 3/1/96 DECIDED 3/1/96 CASE SUMMARY:* Customer v. member arbitration. Customer alleges unsuitability and misrepresentation in the sale of PolSris Aircraft income Fund III, Respondent argued case was time—barred. *and Summit: Tax Bxem

page «l AMERICAN STOCK EXCHANGE IN THE MATTER OF ARBITRATION BETWEEN PHIL * JUDY HARRIS V. SHEARSON LEHMAN.BROTHERS, INC. GLENN FISHER, NICK CONEO & ROBERT LEBEN DATE FILED: 4/19/94 FIRST SCHEDULED 10/11/&12/93 DECIDED 2/26/96 CASE SUMMARY;* CUStomfir V. memhi»r. Claimant a^lleqes fl;a^dJunauthorized trading, ^_ mi Hrf*pr^i=i«»ntatiQn and churning of their account. Respondent — . denies the claim and states that Claj.mant was sophisticat

CASE : AMERICAN STOCK EXCHANGE IN THB MATTER OF ARBITRATION BETWEEN 'LEK SCHOENAU & CO. V. MIRACLE TRADING PARTNERSHIP, GARY DEAR AND SCOTT POSNBR # "^U-Ol DATE FILED: 6/12/95 CASE SUMMARY; Member v. 10/9/95 DECIDED 2/15/96 FIRST SCHEDULED member dispute. Claimant a $2 broker, is suing for payment of past due bills for use of hand-held computers. CLAIMANT'S INITIALS RESPONDENT'S SESSIONS: DECISION BASED ON THE. PLEADINGS,

CASE ; AMERICAN STOCK EXCHANGE IN THE MATTER OF ARBITRATION BETWEEN REYNDERS, GRAY S CO., INC. V. BEAR STEARNS & CO., INC. & FURMAN SELZ d a ^ ^iL *• ^^- Tj^ DATE FILED: 10/21/94 FIRST SCHEDULED 3/27 &3/28/95 DECIDED CASE SUMMARY:* A member v. member dispute. Claimant alleges failure of ewcout broker and clearing agent to record a sale transaction of $50,0 S&P 500 Depository Receipts ("SPDR") which lead to an unsettled short

AMERICAN STOCK EXCHANGE IN THE MATTER OF ARBITRATION BETWEEN CASE: CAROL WOODESON V. DEAN WITTER REYNOLDS (\a^ rr^ ^ ^sr^ / DATE FILED: 4/21,/fl' FIRST' SCHEDULED W/^n/Q«i DECIDED 10/25/95 CASE SUMMARY : * < -nB«-r^mar- IF wittmltnT- i^nrtimnr^^ < «-< .=.» .q j np.^*-^ . l-i.iB«-r.in»T- ..T1«fy«.B *--haf-. in«»Tnh.°n' firm and brolcer faj-led to follow h±B I n s t r u c t i o n s t

SE: AMERICAN STOCK EXCHANGE IN THE HATTER OF ARBITRATION BETWEEN AUDREY D. WALLACE V. KIDDER PEABODY & CO., INC. ^ ^S^Jf^ DATE FILED: 3/8/95 FIRST SCHEDULED 7/27/95 DECIDED 9/27/95 CASE SUMMARY:* Customer v. member claim. Claimant alleges unsuitability and misrepresentation in the sale of Polaris Aircraft Income Fund VI, a limited .partnership. CLAIMANT'S INITIALS RESPONDENT'S SESSIONS: • DECISION BASED ON THE PLEADINGS.

AMERICAN STOCK EXCHANGE IN THE MATTER OF ARBITRATION BETWEEN ^SE: CHRIS SCUMAS V. PRUDENTIAL SECURITIES, INC. /l^i* rcj. **- fs-/^ DATE FILED: 2/21/95 FIRST SCHEDULED 9/1/95 DECIDED 9/2S/9«^ CASE SUMMARY:* Cws^jomer V. memhftr claim. maiTnan-t-. anarj..^ .^»^a..4 4-«v%< m-y ^^A miarepreBantatJ-on In ••ha «j« 1 g. nf 'Pn^:nr^^ a ^ v.-.^. «'*- Tr^^nm^ T?„nH iy.ji. .ja. limj-ted pnri-nftrBblp. CLAIMANT'S INITIALS RESPONDENT * 8

~ SE : AMERICAN STOCK EXCHANGE IN THE MATTER OF ARBITRATION BETWFT^N BEAR^ STEARNS & CO., INC, V. THOMAS MAOLI da^s^ < ^ ^ ^< g^/^ DATE FILED: 4/21/93 FIRST SCHEDULED 9/21/93 DECIDED 9/11/95 CASE SUMMARY:* Member v. Customer claim. Claimant is suing for a debit balanoai in the customer's acount. The Respondent has a coiint«r-.^l«< Tn for defamatiori of character and unaytthpriaed trafle.B., CLAIMANT'S INITIALS SESSI

AMERICAN STOCK EXCHANGE, INC. IN THE MATTER OF ARBITRATION BETWEEN DONALD & BARBARA J. DUKES, CLAIMANTS, -and- SHEARSON LEHMAN BROTHERS, MARILYN CARTER-LARSON and SMITH BARNEY, INC., RESPONDENTS. DECISION OF ARBITRATION PANEL The Arbitration Panel, comprised of Mary Fay, George A. Abbott and John C. Burke, Chair, unanimously finds in favor of the Respondents and against the Claimants. The Arbitration Hearing was held on Augus