PACIFIC EXCHANGE, INC. 115 Sansome Street San Frandsco, CA 94104 In The Matter Of The Arbitration Between: Paul Bllecky, Claimant, V. E*Trade Securities LLC, Respondent PCX CASE #;05-L00t DECISION The undersigned Arbitrators, having read and considered the Qalm submitted by Claimant and the Answer of Respondent, and having considered evidence presented at the hearing on August 15, 2005, hereby render the following Decision pursuant t

RECEIVED SEP 1 3 2005 Stipulated Award PCX ARBITRATION Pacific Exchange Arbitration hi the Matter of die Arbitration Between: ROSEMARY MCCARTHY, Claimant v. MERRILL LYNCH, PIERCE, FENNER AND SMITH INCORPORATED, JAMES BELOW And ARTHUR MATNEY, Respondents Case Number: 02-8064 Hearing Site: San Frandsco, California Nature of die Dispute: Customer vs. Member and Associated Persons REPRESENTATION OF PARTIES For Claimant: Timothy A. Caiming, Esq.

Stipulated Award The Padfic Eichaiige la the Matter of the Aibitration BetwecQ: Leta Rosenfield v. HBC Dadn Rauscher, Inc., fnc/aTuckEr Andiony, Inc., snd Keith D. Schollard r. 02-S041 Hearing Site: SanFrandsccCA Natuxe of Dispute: Customer v. Member and Associated Person • REPRESENTATTOX OF PARTIES For Claimant: Andrew A. Haxiis. Esq. Aitiiiowitz & Slddmore, Inc. Auburn, CaHfomia Fur Respondents: Abe Lampart, Esq. Law Offices of Abe Lampazt

PACIFIC EXCHANGE, INC. 115 Sansome Street San Francisco, CA 94104 In The Matter Of The Arbitration Between: Elaine Keiiett, individually, as Trustee of the Keilett-O'Neiil Family Trust DTD 09/04/97, on behalf of the Elaine Kellett IRA Standard DTD 02-06/01, and on behalf of the Elaine Kellett IRA SEP DTD 06/15/90, Claimant V. Morgan Stanley DW, Inc. Respondent PCX CASE #: 04-S009 DECISION The undersigned Arbitrators,

PACIFIC EXCHANGE, INC. 115 Sansome Street San FrancfscOf CA 94104 In The Matter Of The Arbitration Between: Bob E. Cummins, Claimant, V. Soutiiwest Securities, Inc. and Christopher Tynes, Respondents. PCX CASE #: 04-S006 DECISION The undersigned Arbitrators, having read and considered the Claim submitted by Ciaimant and the Answer of Respondents, and having considered evidence presented at the hearings on November 8 -10, 2005, he

PACIFIC EXCHANGE, INC. 115 Sansome Street San Franciscoi CA 94104 In The Matter Of The Arbitration Between: 3anine E. Zebley, individually and as Trustee of the Zebley Uving Trust DTD 01/01/1990, Claimant V. Morgan Stanley DW, Inc. Respondent PCX CASE #: 04-S002 DECISION The undersigned Arbitrators, having read and considered the Claim submitted by Ciaimant and the Answer of Respondent, and having considered evidence presented at

PACIFIC EXCHANGE, INC. 115 Sansorne Street San Francisco, CA 94104 In The Matter Of Ths Arbftratlon Betwes.n: John M, Petersen, Individually and as Trustee of the Petersen Family Trust DTD 03-29-1990, Claimant V. Morgan Stanley DW, Inc. Respondent PCX CASE #: 04-S008 DECISION Tne undersigned Arbitrators, having read and considered the Claim submitted by Claimant and the Answer of Respondent, and having considered evidence present

1 2 3 4 5 6 7 S 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 PACIFIC EXCHANGE, INC. lis Sansome Street San Francisco, CA 94104 IN THE MATTER OF THE ARBITRATION BETWEEN: PCXCaseNo.05-S009 Claiinant. DECISION vs. RBC Dain Rauschcr Inc. and Michael McDonougb, Respondents. / Tbe undersigned ArbitiaTor, having read and

Stipulated Award Before the Pacific Exchange Xn the Matter of the Aibitration Between: Blinor DeKoiven, Ttustee of UK ElinCH- DcK;oven Trust dated 2/3/92 v. Salomon Smith Bamey, Biaudon Thompson and KonsldPhillips, Rc^ondoits Case Number 02-S057 Hearing Site:. San Francisco. Califomia >faturie.cf tl)e Dispute:- fTuirtajner vs. M'ynbcr af?d Associated Persons REPRESENTATION OF PAltTIES For Qaimeait: Timothy A. Canning, Esq. Richuxl Sadcs The Law

Stipulated Award Pacific Exchange Inc. In tlie Matter of the Aibitration Between: Milton A. Axenson and Laura M. Areason v. Salomon Smith Barney, Inc., Bfibecca Rothstein and Robert Ferry Case Number: PCX01-L022 Hearing Site: Los Angeles, California Nature of Dispute: Customers v. Member and Associated Persons REPRESENTATION OF PARTIES Tor Claimants: Exiatin M. Cano Law OfiGces of Kristin M. Cano Newport Beach, Cali&mia For Respondents: Mich