____________________________________________________________________________________ National Association of Securities Dealers 9509 Key West Avenue Rockville, MD 20850 (800) 289-9999 October 12, 2005 Zevon Odelberg 12702 Via Cortina Suite 100 Del Mar, CA 92014 NASD BROKERCHECK RESPONSE TO REQUEST FOR INFORMATION The Board of Governors of the National Association of Securities Dealers, Inc. (NASD) has adopted a public disclosure policy which permits certain types of disciplinary information on NASD member firms and their associated persons to be available to the general public. Section 15A(i) of the Securities Exchange Act of 1934, as amended, requires registered securities associations to respond to inquiries regarding disciplinary actions involving its members and their associated persons. NASD believes that the general public should have access to information which will help them in their determination whether to conduct or continue to conduct business with an NASD member or any of the member's associated persons. In that regard, enclosed please find the information that you have requested. A list of the terms and conditions of NASD BrokerCheck is as follows: NASD BrokerCheck Terms and Conditions 1. NASD collects, compiles, organizes, indexes, digitally converts and maintains regulatory information from registered persons, member firms, government agencies and other sources and maintains information in the proprietary Central Registration Depository ("CRD(r)") database and system. NASD releases such information through NASD BrokerCheck, which provides information from CRD system to the investing public. Your access to NASD BrokerCheck information provided through NASD's CRD database and system does not transfer any rights in CRD, NASD BrokerCheck or related technologies to you. 2. Your use of NASD BrokerCheck information is conditioned upon your acceptance, without modification, of all terms and conditions of this Agreement. Any information accessed, requested or provided through NASD BrokerCheck must be accessed, requested and used in accordance with the terms and conditions specified in this Agreement. NASD reserves any rights not expressly granted under these terms and conditions. Additionally, NASD reserves the right, at its sole discretion, to modify the terms and conditions for use of NASD BrokerCheck information at any time by changing this Agreement, and any changes are effective immediately. Such changes will be posted on the NASD BrokerCheck web site. 3. 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Provision of information by NASD pursuant to NASD BrokerCheck does not constitute a waiver of any of NASD's rights, privileges, or immunities with respect to the furnishing of disciplinary or registration information. 8. NASD does not charge for this service, which is offered pursuant to NASD's responsibilities as a self-regulatory organization, and, in particular, pursuant to Section 15A(i) of the Securities Exchange Act of 1934. In the provision of this service, NASD makes no warranties of any kind, and disclaims liability to any person for any actions taken or omitted in good faith with respect to this NASD BrokerCheck. NASD is not responsible for and cannot verify information from sources other than NASD, and does not warrant or guarantee the accuracy or completeness of the information requested. Neither NASD nor any affiliate or supplier shall be liable for any cause of action in contract, tort, or otherwise, for more than the incremental telecommunications cost incurred to connect to the service. Notwithstanding the above, neither NASD nor any affiliate or supplier shall be liable for any loss of income, trading loss, or consequential, incidental, or indirect damages, regardless of whether NASD has been informed of the possibility of such damages. 9. Member firms, registered persons, government agencies, and other sources file disclosure information with NASD. Consistent with its responsibilities as a self-regulatory organization, NASD performs a regulatory review of the disclosure information filed before it makes the information available through NASD BrokerCheck. Most disclosure information is available through NASD BrokerCheck within two business days of being filed. In certain limited circumstances, disclosure information may not be available through NASD BrokerCheck within the usual timeframe, but will be made available as soon as practicable. 10. Consistent with policies and procedures approved by the Securities and Exchange Commission (SEC), NASD will disclose information on individuals and brokerage firms, through NASD BrokerCheck, for two years after the termination of the individual's or brokerage firm's NASD registration. Disclosure information reported to NASD after an individual or brokerage firm has terminated may not have been reviewed by the brokerage firm or individual; in addition, brokerage firms and individuals who are no longer registered are not required to independently report such information. 11. NASD BrokerCheck includes only information provided to CRD. In substantially all cases, the information provided through NASD BrokerCheck represents the verbatim record as it was reported to NASD. However, in certain limited circumstances, NASD combined information about a single event that was reported by different sources (e.g., a record reporting information on an event that was submitted by a brokerage firm may contain information reported on the same event that was submitted by a regulator). This condition occurred when the data in the Legacy CRD system was converted (i.e., reformatted and transferred) to Web CRD, the Internet-based Central Registration Depository. This condition affects a small percentage of records reported to NASD prior to August 1999. These converted records contain information that was reported to NASD in accordance with appropriate reporting protocols applicable to the source filers (e.g., brokerage firms and regulators); however, because of the combination of information from different reporting sources, a record disclosed through NASD BrokerCheck may not reflect the actual filing submitted to NASD. 12. The "Individual Broker comments," "Brokerage Firm comments" and "Regulator comments" appear verbatim as they were provided to CRD via Forms U-4, U-5, and U-6. These comments were not written by NASD and have not been edited by NASD in any way. NASD reserves the right to redact customer names, confidential customer information, or offensive or potentially defamatory language from an NASD BrokerCheck Report consistent with policies and procedures approved by the SEC. TC 02.1 General Information About this Report This report has been generated because you have requested information about an NASD Member Firm through NASD BrokerCheck. The information contained within this report has been provided by NASD brokerage firm and securities regulators as part of the securities industry's registration and licensing process. An NASD BrokerCheck report for a Brokerage Firm consists of: 1) a Report Summary; 2) General Administrative Information, which includes the Types of Business the Brokerage Firm is engaged in, the Brokerage Firm's Legal Status, and the Brokerage Firm's Approved Registrations. The report also includes the Brokerage Firm's Disclosure Event information, if any. NASD BrokerCheck discloses the following information on brokerage firms: * the brokerage firm's name, CRD number, SEC identification number, "applicant name" or legal name, NASD district office which oversees the brokerage firm, and the brokerage firm's main and mailing addresses * the types of business in which the brokerage firm is currently engaged * details of the brokerage firm's legal status (i.e, corporation, partnership, etc.), state or country and date of formation, and its fiscal year end * all approved registrations * disclosure matters involving certain criminal charges and convictions, regulatory actions, civil judicial actions, and certain financial actions (e.g., bankruptcies, unsatisfied judgment/liens.) When evaluating this report, please keep in mind that a number of items may involve pending actions or allegations that may be contested and have not been resolved or proven. The items may, in the end, be withdrawn or dismissed, or resolved in favor of the brokerage firm, or concluded through a negotiated settlement with no admission or conclusion of wrongdoing. Also remember that the information in this report is not the only resource you should consult. It is recommended that you learn as much as possible about the brokerage firm from other sources. Ask for references. Ask family members or friends who already have established investment business relationships. Get in touch with local consumer and investors groups. Should you have any questions concerning information contained within this report, call (800) 289-9999 - a toll-free NASD BrokerCheck hot-line operated by NASD - or visit NASD Web Site at www.nasd.com. When calling or visiting the NASD Web Site, the information you will need includes the brokerage firm's name or CRD number. For definition of terms contained within this report or answers to Frequently Asked Questions, visit the Glossary or FAQs sections of NASD BrokerCheck at www.nasd.com. NASD BrokerCheck Report Printing Instructions The report contained below can be printed as is. However, unless the following steps are taken, the report may not print with the headers aligned or the text may run off the page. For the following report to be printed correctly, the following formatting steps must be completed: 1) Copy the text of the report into a text editor. 2) Delete these instructions down to and including the first dashed line. 3) Set the Font for the entire report to Courier, 8 point. 4) Set the left and right margins to 0. 5) Set the top and bottom margins to 0. Because every printer allows a different number of lines per page, the margins may have to be adjusted differently to get the headers to line up at the top of each page. The document is formatted to print 90 lines per page at the specified font. 6) Print the report. -------------------------------------------------------------------------------- NASD BrokerCheck October 12, 2005 Page 1 This information is current as of: 10/12/2005 ________________________________________________________________________________ NASD Member Firm: MELLON FINANCIAL MARKETS, LLC CRD Number: 17454 ******************************************************************************** REPORT SUMMARY ******************************************************************************** ************************************************************ Administrative Information: ************************************************************ Admin Information: Information that is required to be reported to NASD by brokerage firms via Form BD (Uniform Application for Broker-Dealer Registration). The administrative information contained in this report includes: (a) types of business the brokerage firm is engaged in; (b) legal status (e.g., corporation, partnership, sole proprietorship, limited liability company, etc.), state/country of formation unless legal status is sole proprietorship, date of formation, and month in which the brokerage firm's fiscal year ends; and (c) all approved registrations with the SEC, NASD and state securities commissions. Types of Business: 14 Legal Status: 1 Registrations: 54 ************************************************************ Disclosure Events: Yes ************************************************************ Disclosure Event: Information that is required to be reported to NASD by individual brokers via Form U-4 (Uniform Application for Securities Industry Registration or Transfer) and brokerage firms via Form BD (Uniform Application for Broker-Dealer Registration). Some disclosure events may have multiple reporting sources. For example, some information required to be reported by an individual broker via Form U-4 may also be reported on the individual broker's record by a brokerage firm via Form U-5 (Uniform Termination Notice for Securities Industry Registration) and/or by a regulator via Form U-6 (Uniform Disciplinary Action Reporting Form). If a disclosure event is reported by multiple sources, all versions of the reported event will be disclosed on the individual broker's NASD BrokerCheck report. Similarly, some information required to be reported by a brokerage firm via Form BD may also be reported on the brokerage firm's record via Form U-6. If a disclosure event is reported by multiple sources, all versions of the reported event will be disclosed on the brokerage firm's NASD BrokerCheck report. Criminal Actions: 0 Regulatory Actions: 2 Civil Judicial Actions: 0 Arbitrations: 1 Bonds: 0 Bankruptcies: 0 Judgment/Liens: 0 NASD BrokerCheck October 12, 2005 Page 2 This information is current as of: 10/12/2005 ________________________________________________________________________________ NASD Member Firm: MELLON FINANCIAL MARKETS, LLC CRD Number: 17454 ******************************************************************************** ADDRESS/GENERAL INFORMATION ******************************************************************************** This section provides the brokerage firm's name, CRD number, SEC number, Applicant Name on Form BD, NASD District where the brokerage firm is located, and the brokerage firm's main and mailing addresses. Applicant Name on Form BD: MELLON FINANCIAL MARKETS, LLC SEC Number: 8-035255 Prior Business Names: MELLON FINANCIAL MARKETS, INC. MELLON FINANCIAL SERVICES CORPORATION MELLON INVESTMENT PRODUCTS COMPANY Business Phone Number: 412-234-7501 Main Office Address Located in NASD District: 9-Philadelphia ONE MELLON BANK CENTER SUITE 475 PITTSBURGH, PA 15258-0001 Mailing Address ONE MELLON BANK CTR-STE.475 PITTSBURGH, PA 15258 ******************************************************************************** TYPES OF BUSINESS ******************************************************************************** This section lists the type(s) of business that the brokerage firm is currently engaged in as reported on the Form BD. Broker or dealer selling corporate debt securities Broker or dealer retailing corporate equity securities over-the-counter Government securities broker Government securities dealer Mutual fund retailer Broker or dealer selling interests in mortgages or other receivables Municipal securities broker Municipal securities dealer Broker or dealer selling securities of non-profit organizations (e.g., churches, hospitals) Put and call broker or dealer or option writer Private placements of securities Trading securities for own account Underwriter or selling group participant (corporate securities other than mutual funds) FINANICAL ADVISORY SERVICES TO MUNICIPAL ISSUES. ******************************************************************************** LEGAL STATUS ******************************************************************************** This section details the brokerage firm's legal status (i.e, corporation, limited partnership, etc.), state or country where formed, date of formation, and the month the brokerage firm's fiscal year ends. Legal Status: LIMITED State/Country of Formation: DE, UNITED STATES Date of Formation: 12/29/1999 Fiscal Year End: DEC ******************************************************************************** REGISTRATIONS ******************************************************************************** This section provides the jurisdictions in which the brokerage firm is registered or licensed to do business, the category of each registration, and the date on which the registration was granted. Jurisdiction/SRO Category Status As Of Date AK Broker Dealer Approved 01/13/1995 AL Broker Dealer Approved 05/03/1995 AR Broker Dealer Approved 05/04/1995 AZ Broker Dealer Approved 04/25/1995 CA Broker Dealer Approved 06/26/2000 CO Broker Dealer Approved 09/29/1994 CT Broker Dealer Approved 01/20/1995 DC Broker Dealer Approved 05/27/1987 NASD BrokerCheck October 12, 2005 Page 3 This information is current as of: 10/12/2005 ________________________________________________________________________________ NASD Member Firm: MELLON FINANCIAL MARKETS, LLC CRD Number: 17454 REGISTRATIONS(cont.) Jurisdiction/SRO Category Status As Of Date DE Broker Dealer Approved 10/08/1986 FL Broker Dealer Approved 08/06/1993 GA Broker Dealer Approved 10/18/1994 HI Broker Dealer Approved 05/31/2000 IA Broker Dealer Approved 12/13/1994 ID Broker Dealer Approved 12/14/1994 IL Broker Dealer Approved 07/07/1987 IN Broker Dealer Approved 05/15/1987 KS Broker Dealer Approved 01/09/1995 KY Broker Dealer Approved 11/28/1994 LA Broker Dealer Approved 12/14/1994 MA Broker Dealer Approved 01/10/1995 MD Broker Dealer Approved 11/19/1986 ME Broker Dealer Approved 12/09/1994 MI Broker Dealer Approved 05/27/1987 MN Broker Dealer Approved 01/10/1995 MO Broker Dealer Approved 04/28/1995 MS Broker Dealer Approved 11/18/1994 MT Broker Dealer Approved 10/07/1994 NASD Broker Dealer Approved 08/01/1986 NC Broker Dealer Approved 06/02/1995 ND Broker Dealer Approved 04/27/1995 NE Broker Dealer Approved 02/10/1995 NH Broker Dealer Approved 01/01/1995 NJ Broker Dealer Approved 12/18/1987 NM Broker Dealer Approved 01/17/1995 NV Broker Dealer Approved 01/03/1995 NY Broker Dealer Approved 05/13/1987 OH Broker Dealer Approved 01/01/1988 OK Broker Dealer Approved 12/15/1994 OR Broker Dealer Approved 02/01/1995 PA Broker Dealer Approved 07/16/1986 PCX Broker Dealer Approved 05/27/2003 RI Broker Dealer Approved 02/03/1995 SC Broker Dealer Approved 11/14/1994 SD Broker Dealer Approved 10/20/1994 SEC Broker Dealer Approved 05/29/1986 TN Broker Dealer Approved 05/17/1995 TX Broker Dealer Approved 06/20/1995 UT Broker Dealer Approved 09/22/1994 VA Broker Dealer Approved 07/20/1987 VT Broker Dealer Approved 12/13/1994 WA Broker Dealer Approved 02/02/1995 WI Broker Dealer Approved 02/23/1995 WV Broker Dealer Approved 11/28/1986 WY Broker Dealer Approved 12/07/1994 NASD BrokerCheck October 12, 2005 Page 4 This information is current as of: 10/12/2005 ________________________________________________________________________________ NASD Member Firm: MELLON FINANCIAL MARKETS, LLC CRD Number: 17454 ******************************************************************************** REGULATORY ACTIONS ******************************************************************************** DISCLOSURE INFORMATION This section lists regulatory actions that were reported to CRD and are disclosable through NASD BrokerCheck. Disclosable regulatory actions include formal proceedings initiated by a regulatory authority (i.e., a state securities agency, NASD, New York Stock Exchange, foreign regulatory body, etc.) for a violation of investment-related rules or regulations. In addition, revocations or suspensions of an individual broker's authority to act as an attorney, accountant or federal contractor will appear here. Some of the fields in this section of the report may be blank if the information was not provided to CRD. ** OCCURRENCE COUNTS ** 2 Record(s) ******************************************************************************** ** FIELD DEFINITIONS ** * Reporting Source: The form through which details of the regulatory action was reported to CRD. * Date Reported: The date the regulatory action was reported to CRD. * Initiated By: The name of the securities regulator that initiated the regulatory action (e.g., regulator, foreign financial regulatory authority, self-regulatory organization, federal agency such as SEC, state, etc.). * Date Initiated: Date the regulatory action was initiated. * Docket/Case Number: Docket or case number of the regulatory action. * Employing Brokerage Firm: Brokerage Firm where individual broker was employed when activity occurred that led to the regulatory action. * Allegations: Allegations made against the individual broker leading to the regulatory action. * Current Status: The current status of the regulatory action (i.e., pending, on appeal or final). * Resolution: The resolution of the regulatory action (e.g., acceptance, waiver and consent; decision; decision and order of offer of settlement; order; settled; etc.). * Resolution Date: The date the regulatory action was resolved. * Sanction Details: Additional details regarding any sanctions ordered. * Summary: A summary of the details related to the regulatory action. ******************************************************************************** ******** REGULATORY ACTION (1 of 2) ******** Reporting Source: Regulator (Form U-6) Date Reported: 06/06/2003 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 02/10/2000 Docket/ Case Number: C9A000005 Allegations: MSRB RULES G-8 AND G-36 - RESPONDENT MEMBER FAILED TO FILE MSRB FORM G-36(ARD) FOR MUNICIPAL UNDERWRITINGS ON A TIMELY BASIS AND FAILED TO MAINTAIN A RECORD OF SENDING THE FORM G-36 (ARD) TO THE MSRB. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 02/10/2000 NASD BrokerCheck October 12, 2005 Page 5 This information is current as of: 10/12/2005 ________________________________________________________________________________ NASD Member Firm: MELLON FINANCIAL MARKETS, LLC CRD Number: 17454 REGULATORY ACTIONS(cont.) Sanctions Ordered: Monetary/Fine Monetary Amount: $3,000.00 Resolution Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, MELLON FINANCIAL MARKETS, LLC CONSENTED TO THE DESCRIBED SANCTION AND TO THE ENTRY OF FINDINGS, THEREFORE HE IS FINED $3,000. Summary: *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATION Date initiated: 02/10/2000 Docket/ Case Number: C9A000005 Allegations: DURING THE PERIOD JANUARY 1998 THROUGH JUNE 1999, MELLON FINANCIAL FAILED TO FILE MUNICIPAL SECURITIES RULEMAKING BOARD ("MSRB") FORM G-36 (ARD) FOR SIXTEEN MUNICIPAL UNDERWRITINGS, WITHIN FIVE BUSINESS DAYS AFTER DELIVERY OF THE SECURITIES BY THE ISSUER TO THE UNDERWRITERS IN ACCORDANCE WITH THE FILING PROCEDURES FOR MSRB RULE G-36. IN ADDITION, IN THREE OF THESE INSTANCES, MELLON FINANCIAL FAILED TO MAINTAIN A RECORD OF SENDING THE FORM G-36 (ARD) TO THE MSRB. THE CONDUCT CONSTITUTES VIOLATIONS OF MSRB RULE G-36 AND MSRB RULE G-8. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 02/10/2000 Sanctions Ordered: Monetary/Fine Monetary Amount: $3,000.00 Resolution Details: SANCTION $3,000.00 FINE. Summary: FINAL RESOLUTION ON 02/10/2000 BY SIGNING AWC AND PAYING A $3,000.00 FINE. ******** REGULATORY ACTION (2 of 2) ******** Reporting Source: Regulator (Form U-6) Date Reported: 05/02/1995 Initiated By: AL Date initiated: 12/21/1994 Docket/ Case Number: CO-94-0078 Allegations: ON DECEMBER 16, 1994, AN APPLICATION WAS FILED FOR REGISTRATION IN ALABAMA AS A DEALER ON BEHALF OF MELLON INVESTMENT PRODUCTS COMPANY, BY WILLIAM G. DANIELS, WITH ADVICE THAT JAMES HENRY WIRTH HAD EFFECTED A TRANSACTION ON DECEMBER 24, 1992 WITH AN ALABAMA RESIDENT. A CEASE AND DESIST ORDER WAS ISSUED AND RESPONDENTS WERE REQUIRED TO MAKE A RESCISSION OFFER WHICH WAS REJECTED. A CONSENT ORDER WAS ENTERED REQUIRING THE PAYMENT OF $1000 AS AN ADMINISTRATIVE ASSESSMENT AND $300 IN INVESTIGATIVE COSTS. THE APPLICATION FOR REGISTRATION WAS PROCESSED AND THE CONSENT ORDER RESOLVED THE CEASE AND DESIST ORDER. Current Status: Final Resolution: Consent Resolution Date: 05/02/1995 Sanctions NASD BrokerCheck October 12, 2005 Page 6 This information is current as of: 10/12/2005 ________________________________________________________________________________ NASD Member Firm: MELLON FINANCIAL MARKETS, LLC CRD Number: 17454 REGULATORY ACTIONS(cont.) Ordered: Resolution Details: CONSENT ORDER WAS ISSUED 5/2/95 Summary: SAME AS ALLEGATIONS CONTACT: ALABAMA SECURITIES COMMISSION (334)242-2984 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: STATE OF ALABAMA Date initiated: 12/21/1994 Docket/ Case Number: CO-94-0078 Allegations: MELLON INVESTMENT PRODUCTS COMPANY (MIPC) UPON REQUESTING REGISTRATION IN ALABAMA DISCLOSURE IT HAD EXECUTED ONE MUTUAL FUND TRANSACTION. FIRM WAS FOUND TO HAVE VIOLATED SECTION 8-6-3(A). CODE OF ALABAMA 1975. ALABAMA ISSUED A CEASE AND DESIST ORDER AGAINST FORM. Current Status: Final Resolution: Consent Resolution Date: 05/02/1995 Sanctions Ordered: Monetary/Fine Monetary Amount: $1,300.00 Other Sanctions: MPIC SIGNED WRITTEN CONSENT ORDER, PAID ADMIN. ASSESSMENT - $1000 AND INVESTIGATIVE COST $300, AND AGREED THAT NO SALES TO ALABAMA RESIDENTS UNTIL REGISTERED. (NOTE: FIRM WAS GRANTED REGISTRATION ON MAY 3, 1995.) Resolution Details: MPIC SIGNED WRITTEN CONSENT ORDER, PAID ADMIN. ASSESSMENT - $1000 AND INVESTIGATIVE COST $300, AND AGREED THAT NO SALES TO ALABAMA RESIDENTS UNTIL REGISTERED. (NOTE: FIRM WAS GRANTED REGISTRATION ON MAY 3, 1995.) Summary: MIPC PLACED UNSOLICITED ORDER TO PURCHASE MUTUAL FUND FOR A MELLON BANK TRUST ACCOUNT. THE ACCOUNT WAS TO BE WITH THE TRUST DEPARTMENT. AFTER EXECUTION MIPC WAS INFORMED ACCOUNT WAS TO BE IN CLIENT NAME. WHEN APPLYING FOR REGISTRATION IN ALABAMA MIPC DISCLOSED TRADE MIPC OFFERED CLIENT RECISSION, RECISSION OFFER WAS REFUSED. MIPC AGREED TO CONSENT ORDER, ADMINISTRATIVE ASSESSMENT - $1000 AND INVESTIGATIVE COSTS - $300. NASD BrokerCheck October 12, 2005 Page 7 This information is current as of: 10/12/2005 ________________________________________________________________________________ NASD Member Firm: MELLON FINANCIAL MARKETS, LLC CRD Number: 17454 ******************************************************************************** BROKERAGE FIRM ARBITRATIONS ******************************************************************************** DISCLOSURE INFORMATION This section contains summary information regarding arbitration awards rendered in a forum administered by NASD that involve securities or commodities disputes between NASD member firms and public customers. Some of the fields in this section of the report may be blank if the information was not provided to CRD. Unlike the arbitration information required to be reported by individual brokers via Form U-4, brokerage firm arbitration information is not required to be reported on Form BD and is therefore disclosed through NASD BrokerCheck via a slightly different mechanism. Summary information regarding NASD arbitration awards involving securities and commodity disputes between public customers and NASD member firms is updated and disclosed on brokerage firm NASD BrokerCheck reports generally within 10-15 days after the arbitration award is signed and served to all parties. The full text of arbitration awards issued by arbitrators at NASD and at other forums is available online as a cooperative arrangement between NASD Dispute Resolution and the Securities Arbitration Commentator (SAC) at www.nasdadr.com. The awards are generally available within one month after the arbitration award is signed and served to all parties. To access the arbitration award information it is suggested that you first view the summary information available via NASD BrokerCheck, and then use the case number included in NASD BrokerCheck report to access the full text of the award at www.nasdadr.com. ** OCCURRENCE COUNTS ** 1 Record(s) ******************************************************************************** ** FIELD DEFINITIONS ** * Type of Event: Type of disclosure event (e.g., arbitration) that details pertain to. * Update: An indication (i.e., yes or no) as to whether the information is an update to earlier information reported about the arbitration proceeding. * Arbitration Forum: Forum that administered the arbitration proceeding. * Case Served Date: Date case was served on respondent(s). * Case Number: Case number assigned to the arbitration proceeding. * Allegations: Allegations made by the customer(s) which lead to the arbitration proceeding. * Type of Securities: Type of securities allegations relate to. * Relief Asked: Alleged dollar amount of compensatory damages sought by the customer(s). * Disposition: Disposition of the arbitration proceeding. * Disposition Date: Date of disposition. * Relief Awarded: Details related to the relief awarded to the parties involved in the arbitration proceeding. ******************************************************************************** **** BROKERAGE FIRM ARBITRATION (1 of 1) **** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1989 Case Number: 89-00332 Allegations: EXECUTIONS-FAILURE TO EXECUTE; ACCOUNT RELATED-NEGLIGENCE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $24,381.00 Disposition: AWARD AGAINST PARTY Disposition Date: 02/15/1990 NASD BrokerCheck October 12, 2005 Page 8 This information is current as of: 10/12/2005 ________________________________________________________________________________ NASD Member Firm: MELLON FINANCIAL MARKETS, LLC CRD Number: 17454 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL), AWARD AMOUNT $1,581.00 JOINTLY AND SEVERALLY ************ END OF REPORT ************