ALLEGED UNSUITABLE INVESTMENT RECOMMENDATIONS; ALLEGED FAILURE TO PROPERLY EXPLAIN DIFERENCES BETWEEN CLASSES OF MUTUAL FUNDS

$96,284.53

$31,500.00

THE ABOVE REFERENCED CLIENT HAS SUBMITTED A CLAIM FORM TO THE CLAIMS RESOLUTION PROCESS RELATING TO THE PURCHASE OF VARIOUS LIMITED PARTNERSHIPS DURING THE PERIOD OF 12/84 TO 08/87. LAWRENCE DURSO WAS THE BROKER OF RECORD AT THE TIME OF THE PURCHASES. NO DAMAGES ARE ALLEGED, BUT THE AMOUNT OF ACTUAL LOSS (OUT-OF-POCKET LOSS) IS APPROXIMATELY: $30,806

$30,806.00

$13,431.00

A SETTLEMENT FOR THE ABOVE CLIENT HAS BEEN REACHED IN THE CLAIMS RESOLUTION PROCESS. THE DOLLAR AMOUNT OF THE SETTLEMENT IS APPROXIMATELY FOLLOWS: $13,431 THIS MATTER RESULTED FROM THE UNPRECEDENTED, UNSOLICITED MAILING OF CLAIM FORMS BY PSI TO OVER 340,000 INVESTORS WHO PURCHASED LIMITED PARTNERSHIPS THROUGH PSI FROM JANUARY 1, 1980 TO JANUARY 1, 1991. THE ABOVE-REFERENCED CLIENT SUBMITTED A CLAIM FORM IN RESPONSE TO THIS MAILING. THE CLAIM FORM WAS EVALUATED BY PSI IN ACCORDANCE WITH THE STANDARDS ESTABLISHED UNDER THE SETTLEMENT BETWEEN PSI AND THE SEC, THE NASD AND THE STATE SECURITIES ADMINISTRATORS. THE REPORTED SETTLEMENT AROSE OUT OF THIS UNIQUE PROCESS.