Compromise

Joint Stipulation Agreement

FLORIDA CLIENTS ALLEGE THAT THEIR FINANCIAL ADVISOR RECOMMENDED UNSUITABLE ANNUITY AND EQUITY INVESTMENTS BETWEEN NOVEMBER 30, 2007 AND NOVEMBER 11, 2011 RESULTING IN A LOSS NOT SPECIFICALLY STATED BY REASONABLY ESTIMATED AS IN EXCESS OF $5,000.

$5,001.00

CLAIM DENIED BY FIRM ON 1/24/14. FIRM'S REVIEW DEMONSTRATED THAT ANY ALLEGED LOSSES WERE THE RESULT OF THE CLIENT'S WITHDRAWALS AND THAT THE EQUITY INVESTMENTS WERE SUITABLE.

CUSTOMER ALLEGES FA MADE UNSUITABLE INVESTMENTS. CUSTOMER ALLEGES UNSPECIFIED DAMAGES.

CLIENT IS EXPERIENCED INVESTOR IN INDIVIDUAL HIGH YIELD BONDS. CLIENT WAS ALWAYS AWARE OF CREDIT RISK AND CURRENT VALUE OF THE BOSTON CHICKEN BONDS. CLIENT MADE INFORMED DECISION BASED UPON HER OWN RESEARCH AND THAT OF MERRILL LYNCH.

CLAIMANT ALLEGES THAT HIS ACCOUNTS WERE NOT MANAGED IN HIS BEST INTEREST, RESULTING IN UNSPECIFIED DAMAGES, FROM 1999 - 2002.

$30,000.00

MY FORMER FIRM CONDUCTED AN ANALYSIS OF THE ORIGINAL CUSTOMER COMPLAINT AND DETERMINED THAT IT HAD NO MERIT. I WAS NOT NAMED IN THE SUBSEQUENT ARBITRATION AND DID NOT CONTRIBUTE TO THE SETTLEMENT OF THIS MATTER.

MORGAN STANLEY DW INC.

Discharged

MR. SHAW ALLEGES ORDER ENTRY ERROR RESULTING IN IMPROPER USE OF MARGIN AND ALLEGES THAT THE INVESTMENT WAS NOT SUITABLE.

I WAS TERMINATED ON 01/24/2003 FOR VIOLATION OF FIRM POLICY REGARDING THE FINANCING/LENDING ARRANGEMNTS WITH A CLIENT

CUSTOMER ALLEGES ORDER ENTRY ERROR RESULTING IN IMPROPER USE OF MARGIN AND ALLEGES THAT INVESTMENT WAS NOT SUITABLE.

$22,000.00

$15,000.00

MORGAN STANLEY SETTLED THIS MATTER. MICHAEL BLANKENSHIP DID NOT CONTRIBUTE TO THE SETTLEMENT.

CLIENT ALLEGES THAT MR. BLAKENSHIP RECOMMENDED PREFERRED ISSUES WHICH RESULTED IN LOSSES OF APPROXIMATELY $9,000.00-$10.000.00.

$9,000.00

THE CUSTOMERS ARE EXPERIENCED INVESTORS WITH A VERY HIGH NET WORTH. THE CUSTOMERS' ALLEGATION THAT THE INVESTMENT GRADE PREFERRED SECURITIES ARE NOT SUITABLE FOR INVESTORS WITH A MODERATE RISK TOLERANCE IS INCORRECT. THE ALLEGATIONS ALSO INCLUDE A SECURITY THAT THE CUSTOMERS PURCHASED AFTER MR. BLAKENSHIP LEFT MERRILL LYNCH. DENIEL LETTER WAS FILED 1/21/2000, THE CASE WAS CLOSED WITH NO ACTION TAKEN ON 3/21/02