____________________________________________________________________________________ National Association of Securities Dealers 9509 Key West Avenue Rockville, MD 20850 (800) 289-9999 October 14, 2005 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. 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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. 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The document is formatted to print 90 lines per page at the specified font. 6) Print the report. -------------------------------------------------------------------------------- NASD BrokerCheck October 14, 2005 Page 1 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 ******************************************************************************** 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: 25 Legal Status: 1 Registrations: 63 ************************************************************ 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: 302 Civil Judicial Actions: 1 Arbitrations: 560 Bonds: 0 Bankruptcies: 0 Judgment/Liens: 0 NASD BrokerCheck October 14, 2005 Page 2 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 ******************************************************************************** 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: UBS FINANCIAL SERVICES INC. SEC Number: 8-016267 Prior Business Names: PAINE, WEBBER, JACKSON & CURTIS INC. PAINEWEBBER INCORPORATED UBS PAINEWEBBER INC. Business Phone Number: 212-713-2000 Main Office Address Located in NASD District: 10-New York 1285 AVENUE OF THE AMERICAS NEW YORK, NY 10019 Mailing Address 1000 HARBOR BLVD 8TH FL, COMPLIANCE DEPARTMENT WEEHAWKEN, NJ 07086 ******************************************************************************** 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 Exchange member engaged in exchange commission business other than floor activities Exchange member engaged in floor activities Government securities broker Government securities dealer Investment advisory services Broker or dealer making inter-dealer markets in corporate securities over-the-counter Broker or dealer involved in a networking, kiosk or similar arrangement with an insurance company or agency Mutual fund retailer Mutual fund underwriter or sponsor 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) Broker or dealer selling oil and gas interests Put and call broker or dealer or option writer Private placements of securities Solicitor of time deposits in a financial institution Broker or dealer selling tax shelters or limited partnerships in primary distributions Broker or dealer selling tax shelters or limited partnerships in the secondary market Trading securities for own account Underwriter or selling group participant (corporate securities other than mutual funds) Broker or dealer selling variable life insurance or annuities Effects transactions in commodity futures, commodities, commodity options as broker for others or dealer for own account ******************************************************************************** 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: CORPORATION State/Country of Formation: DE, UNITED STATES Date of Formation: 06/30/1969 Fiscal Year End: DEC ******************************************************************************** REGISTRATIONS ******************************************************************************** NASD BrokerCheck October 14, 2005 Page 3 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGISTRATIONS(cont.) 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 07/10/1970 AL Broker Dealer Approved 01/20/1966 AMEX Broker Dealer Approved 02/25/1988 AR Broker Dealer Approved 07/13/1967 AZ Broker Dealer Approved 01/09/1957 BSE Broker Dealer Approved 12/01/1970 CA Broker Dealer Approved 11/30/1970 CBOE Broker Dealer Approved 06/17/1981 CHX Broker Dealer Approved 12/01/1970 CO Broker Dealer Approved 02/01/1983 CT Broker Dealer Approved 12/01/1970 DC Broker Dealer Approved 12/01/1970 DE Broker Dealer Approved 10/06/1981 FL Broker Dealer Approved 04/27/1983 GA Broker Dealer Approved 09/22/1981 HI Broker Dealer Approved 12/01/1970 IA Broker Dealer Approved 07/14/1983 ID Broker Dealer Approved 10/29/1981 IL Broker Dealer Approved 07/01/1942 IN Broker Dealer Approved 10/21/1981 ISE Broker Dealer Approved 07/06/2000 KS Broker Dealer Approved 12/01/1970 KY Broker Dealer Approved 07/16/1982 LA Broker Dealer Approved 04/20/1983 MA Broker Dealer Approved 07/31/1981 MD Broker Dealer Approved 10/03/1981 ME Broker Dealer Approved 02/13/1984 MI Broker Dealer Approved 02/03/1983 MN Broker Dealer Approved 07/15/1982 MO Broker Dealer Approved 07/18/1983 MS Broker Dealer Approved 10/14/1981 MT Broker Dealer Approved 05/05/1983 NASD Broker Dealer Approved 10/13/1936 NC Broker Dealer Approved 07/15/1982 ND Broker Dealer Approved 10/21/1981 NE Broker Dealer Approved 10/08/1981 NH Broker Dealer Approved 02/02/1983 NJ Broker Dealer Approved 07/14/1983 NM Broker Dealer Approved 10/07/1981 NSX Broker Dealer Approved 02/24/1993 NV Broker Dealer Approved 07/18/1983 NY Broker Dealer Approved 12/02/1982 NYSE Broker Dealer Approved 11/17/1982 OH Broker Dealer Approved 07/16/1982 OK Broker Dealer Approved 07/17/1982 OR Broker Dealer Approved 10/24/1981 PA Broker Dealer Approved 10/01/1970 PCX Broker Dealer Approved 02/17/1958 PHLX Broker Dealer Approved 01/22/1971 PR Broker Dealer Approved 09/01/1984 RI Broker Dealer Approved 02/01/1983 SC Broker Dealer Approved 10/28/1981 SD Broker Dealer Approved 07/15/1982 SEC Broker Dealer Approved 01/22/1971 TN Broker Dealer Approved 08/17/1981 TX Broker Dealer Approved 07/25/1983 UT Broker Dealer Approved 04/21/1983 VA Broker Dealer Approved 09/22/1981 VT Broker Dealer Approved 02/13/1984 WA Broker Dealer Approved 04/20/1983 WI Broker Dealer Approved 07/15/1983 WV Broker Dealer Approved 09/30/1981 WY Broker Dealer Approved 07/18/1983 NASD BrokerCheck October 14, 2005 Page 4 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 ******************************************************************************** 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 ** 302 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 302) ******* Reporting Source: Regulator (Form U-6) Date Reported: 05/25/2005 Initiated By: NASD Date initiated: 05/06/2005 Docket/ Case Number: CE3050009 Allegations: NASD RULES 2810; 2310; 2110; 3110; 2210 - RESPONDENT FIRM MADE UNSUITABLE INVESTMENT RECOMMENDATIONS TO PUBLIC CUSTOMERS IN IT S FUTURES FUND. RESPONDENT FIRM ALSO FAILED TO MAINTAIN RECORDS DISCLOSING THE BASIS UPON WHICH SUITABILITY DETERMINATIONS WERE MADE IN ITS RECOMMENDATIONS AND SALES TO PUBLIC CUSTOMERS IN FUTURES FUND. FURTHER, RESPONDENT FIRM FAILED TO ESTABLISH AND MAINTAIN AN ADEQUATE SUPERVISORY SYSTEM WITH RESPECT TO THE MAINTENANCE OF RECORDS DISCLOSING THE BASIS FOR THE FUTURES FUND SUITABILITY DETERMINATIONS. RESPONDENT FIRM'S WEBSITE ADVERTISEMENT FAILED TO ADEQUATELY DISCLOSE AND DESCRIBE THE SUBSTANTIAL RISKS OF INVESTING IN NASD BrokerCheck October 14, 2005 Page 5 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) MANAGED FUTURES PRODUCTS. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 05/06/2005 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Bar Monetary Amount: $175,000.00 Other Sanctions: PAYMENT OF THE FINE TO NASD SHALL BE MADE WITHIN 10 DAYS OF NOTICE OF ACCEPTANCE OF THIS AWC. FURTHER, FOR THOSE CUSTOMERS WHO STILL HOLD UNITS IN THE FUTURES FUND, UBS SHALL PROVIDE RESTITUTION TO EACH SUCH CUSTOMER BY PAYING AN AMOUNT EQUAL TO ANY LOSS SUFFERED BY EACH SUCH CUSTOMER AS FOLLOWS: WITHIN 30 DYAS OF THE NOTICE OF ISSUANCE OF THIS AWC, UBS SHALL PREPARE AND FORWARD TO EACH SUCH CUSTOMER A LETTER, SATISFACTORY TO NASD, ADVISING EACH SUCH CUSTOMER (I) OF THEIR RIGHT TO REDEEM THE UNITS PURSUANT TO AND AS MORE FULLY DESCRIBED IN THE PROSPECTUS FOR THE FUTURES FUND, AND (II) THAT IF THEY EXERCISE THEIR RIGHT TO REDEEM THEIR UNITS WITHIN 90 DYAS OF THE DATE OF THE LETTER AND THYE INCUR ANY LOSSES AS A RESULT OF THE REDEMPTION, THEN UBS SHALL REIMBURSE THEM FOR ANY SUCH LOSSES, WHICH SHALL EQUAL THE DIFFERENCE BETWEEN THE SUBSCRIPTION AMOUNT AND THE REDEMPTION AMOUNT. SATISFACTORY PROOF OF UBS'S PERFORMANCE OF THIS UNDERTAKING, OR OF REASONABLE AND DOCUMENTED EFFORTS UNDERTAKEN TO EFFECTUATE IT, SHALL BE PROVIDED TO NASD NO LATER THAN 120 DAYS AFTER ACCEPTANCE OF THIS AWC. FOR ANOTHER GROUP OF CUSTOMERS, UBS HAS INCOMPLETE RECORDS TO ENABLE IT TO DETERMINE IF THOSE CUSTOMERS EXCEEDED THE INVESTMENT LIMITATION REGARDING NET WORTH. FOR THIS GROUP OF CUSTOMERS, UBS AGREES TO THE FOLLOWING UNDERTAKING NO LATER THAN 120 DAYS AFTER ACCEPTANCE OF THIS AWC: A. UBS SHALL DETERMINE WHETHER EACH CUSTOMER'S INVESTMENT EXCEEDED THE NET WORTH LIMITATION SET FORTH IN THE PROSPECTUS. THIS DETERMINATION SHALL BE MADE THROUG A COMPLETE REVIEW OF CUSTOMER FILES ON THE CORPORATE AND BRANCH LEVEL, FOLLOWED BY COMMUNICATION WITH THOSE CUSTOMERS WHOSE INFORMATION CANNOT BE VERIFIED BY UBS. B. UPON COMPLETION OF THE REVIEW, UBS SHALL PROVIDE NASD WITH WRITTEN DOCUMENTATION DEMONSTRATING THAT THIS REVIEW HAS BEEN COMPLETED FOR EACH CUSTOMER AND THE RESULTS OF THE REVIEW. Resolution Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, RESPONDENT FIRM CONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS; THEREFORE, FIRM IS CENSURED AND FINED $175,000. Summary: C. UBS SHALL SEND THE LETTER AND MAKE THE SAME RESTITUTION OFFER TO THOSE CUSTOMERS THAT EXCEEDED THE NET WORTH LIMITATION SET FORTH IN THE PROSPECTUS. SATISFACTORY PROOF OF UBS'S PERFORMANCE OF THIS UNDERTAKING, OR OF REASONABLE AND DOCUMENTED EFFORTS UNDERTAKEN TO EFFECTUATE IT, SHALL BE PROVIDED TO NASD. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 05/25/2005 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 05/06/2005 Docket/ Case Number: CE3050009 Allegations: ON MAY 6, 2005, UBS FINANCIAL SERVICES, INC., WITHOUT ADMITTING OR DENYING THE FINDINGS, SIGNED A LETTER OF ACCEPTANCE, WAIVER AND CONSENT WITH THE NATIONAL ASSOCIATION OF SECURITIES DEALERS INC. ("NASD") RELATING TO THE FIRM'S MARKETING AND SALE OF A NON-PROPRIETARY MANAGED FUTURES FUND (THE "FUND") TO CERTAIN CUSTOMERS. THE NASD REVIEWED THE PERIOD JANUARY 2002 TO DECEMBER 2003, DURING WHICH TIME MORE THAN 4,000 UBS CUSTOMERS PURCHASED THE FUND. THE NASD FOUND THAT 14 CUSTOMERS MADE INVESTMENTS IN THE FUND THAT EXCEEDED 10% OF THEIR NET WORTH, WHICH WAS NOT PERMITTED BY THE PROSPECTUS. THE NASD ALSO FOUND THAT THE FIRM DID NOT MAINTAIN CERTAIN RECORDS DISCLOSING THE BASIS UPON WHICH SUITABILITY DETERMINATIONS WERE MADE WHEN THE FUND WAS RECOMMENDED TO CUSTOMERS, DID NOT ESTABLISH AND MAINTAIN A SUPERVISORY SYSTEM RELATED TO MAINTAINING THESE RECORDS AND DID NOT ADEQUATELY DESCRIBE CERTAIN OF THE RISKS OF INVESTING IN MANAGED FUTURES ON THE FIRM'S PUBLIC WEBSITE. NASD BrokerCheck October 14, 2005 Page 6 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 05/06/2005 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $175,000.00 Resolution Details: FINE OF $175,000 TO BE PAID WITHIN 10 DAYS OF NOTICE OF ACCEPTANCE OF THE AWC. Summary: ON MAY 6, 2005, UBS FINANCIAL SERVICES, INC., WITHOUT ADMITTING OR DENYING THE FINDINGS, SIGNED A LETTER OF ACCEPTANCE, WAIVER AND CONSENT WITH THE NATIONAL ASSOCIATION OF SECURITIES DEALERS INC. ("NASD") RELATING TO THE FIRM'S MARKETING AND SALE OF A NON-PROPRIETARY MANAGED FUTURES FUND (THE "FUND") TO CERTAIN CUSTOMERS. TO RESOLVE THIS MATTER, THE FIRM AGREED TO A CENSURE, A FINE OF $175,000, AND AGREED TO OFFER RESTITUTION TO THE 14 AFFECTED CUSTOMERS. ******* REGULATORY ACTION (2 of 302) ******* Reporting Source: Brokerage Firm (Form BD) Date Reported: 03/23/2005 Initiated By: STATE OF ILLINOIS SECURITIES DEPARTMENT Date initiated: 02/25/2005 Docket/ Case Number: FILE # 0100327 Allegations: THE STATE OF ILLINOIS SECURITIES DEPARTMENT FOUND THAT THE RESPONDENT:I. PROVIDED INACCURATE AND MISLEADING ACCOUNT STATEMENTS THAT REPORTED THE CURRENT VALUE OF CALLABLE CDS IN CLIENTS' PORTFOLIOS AT PAR/FACE AND VALUE; ANDII. FAILED TO IMPLEMENT AND SUPERVISE MEASURES TO ENSURE THAT THE INFORMATION GIVEN TO INVESTORS AND POTENTIAL INVESTORS REGARDING THE FEATURES OF CALLABLE CDS WAS ACCURATE. Current Status: Final Resolution: Settled Resolution Date: 03/07/2005 Sanctions Ordered: Monetary/Fine Monetary Amount: $95,000.00 Resolution Details: SETTLED FOR $95,000 WITHOUT ADMITTING OR DENYING THE ALLEGATIONS. Summary: THE STATE OF ILLINOIS SECURITIES DEPARTMENT FOUND THAT THE RESPONDENT UBS FINANCIAL SERVICES PROVIDED INACCURATE AND MISLEADING ACCOUNT STATEMENTS REGARDING CALLABLE CDS AND FAILED TO IMPLEMENT AND SUPERVISE MEASURES TO ENSURE THAT THE INFORMATION WAS ACCURATE. SETTLED FOR $95,000 WITHOUT ADMITTING OR DENYING THE ALLEGATIONS. ******* REGULATORY ACTION (3 of 302) ******* Reporting Source: Regulator (Form U-6) Date Reported: 11/03/2004 Initiated By: NASD Date initiated: 10/15/2004 Docket/ Case Number: CMS040161 Allegations: SEC RULE 10B-10(A)(2)(II)(B), NASD RULES 2110, 2320 - UBS FINANCIAL SERVICES, INC. IN TRANSASCTIONS FOR OR WITH A NASD BrokerCheck October 14, 2005 Page 7 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) CUSTOMER THAT INVOLVED ELIGIBLE SECURITIES REPORTED TO THE CONSOLIDATED TAPE, FAILED TO USE REASONABLE DILIGENCE TO ASCERTAIN THE BEST INTER-DEALER MARKET AND FAILED TO BUY OR SELL IN SUCH MARKET SO THAT THE RESULTANT PRICE TO ITS CUSTOMER WAS AS FAVORABLE AS POSSIBLE UNDER PREVAILING MARKET CONDITIONS; IN TRADES INVOLVING ELIGIBLE SECURITIES REPORTED TO THE CONSOLIDATED TAPE, ACTED AS PRINCIPAL FOR ITS OWN ACCOUNT BUT PROVIDED TO ITS CUSTOMER ONLY WRITTEN NOTIFICATION OF YIELD INFORMATION AND FAILED ALSO TO PROVIDE WRITTEN NOTIFICATION DISCLOSING THE REPORTED TRADE AND THE DIFFERENCE BETWEEN THE REPORTED TRADE PRICE AND THE PRICE TO THE CUSTOMER; AND IN TRADES THAT INVOLVED ELIGIBLE SECURITIES REPORTED TO THE CONSOLIDATED TAPE, THE FIRM ACTED AS PRINCIPAL FOR ITS OWN ACCOUNT BUT FAILED TO PROVIDE WRITTEN NOTIFICATION DISCLOSING TO ITS CUSTOMER THE REPORTED TRADE PRICE AND THE DIFFERENCE BETWEEN THE REPORTED TRADE PRICE AND THE PRICE TO THE CUSTOMER. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 10/15/2004 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Censure Monetary Amount: $30,000.00 Other Sanctions: UNDERTAKINGS Resolution Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, UBS FINANCIAL CONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS, THEREFORE, THE FIRM IS CENSURED, FINED $30,000, ORDERED TO PAY $2,388.58, PLUS INTEREST, IN RESTITUTION TO PUBLIC CUSTOMERS; AND NO LATER THAN 120 DASYS AFTER ACCEPTANCE OF THIS AWC, A REGISTERED PRINCIPAL OF THE FIRM SHALL SUBMIT TO NASD A SCHEDULE SHOWING AMOUNT OF RESTITUTION AND INTEREST PAID TO EACH RECIPIENT, DATE OF PAYMENT, AMOUNTS PAID TO ESCHEAT, UNCLAIMED PROPERTY FUNDS, AND SATISFACTORY PROOF OF PAYMENT AND/OR REASONABLE AND DOCUMENTED EFFORTS UNDERTAKEN TO EFFECT RESTITUTION PRIOR TO MAKING PAYMENTS TO ESCHEAT OR ABANDONED PROPERTY FUNDS. ANY UNDISTRIBUTED RESTITUTION AND INTEREST SHALL BE FORWARDED TO THE APPROPRIATE ESCHEAT, UNCLAIMED PROPERTY, OR ABANDONED PROPERTY FUND FOR THE STATE IN WHICH THE CUSTOMER LAST RESIDED. Summary: *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 10/21/2004 Initiated By: NASD Date initiated: 10/15/2004 Docket/ Case Number: CMS040161 Allegations: NASD ALLEGED VIOLATIONS OF CONDUCT RULES 2110 AND 2320 IN THAT, IN 70 TRANSACTIONS, UBS FINANCIAL SERVICES INC. ("UBS-FS") FAILED TO ASCERTAIN THE BEST INTER-DEALER MARKET SO THAT THE RESULTANT PRICE TO THE CUSTOMER WAS AS FAVORABLE AS POSSIBLE. IN ADDITION, NASD ALLEGED VIOLATION OF SEC RULE 10B-10(A)(2)(II)(B), IN THAT 56 TRADES, IN WHICH UBS-FS ACTED AS PRINCIPAL, UBS-FS PROVIDED CUSTOMERS WRITTEN NOTIFICATION OF YIELD INFORMATION, BUT FAILED TO PROVIDE REPORTED TRADE PRICE AND THE DIFFERENCE BETWEEN REPORTED TRADE PRICE AND PRICE TO CUSTOMER AND, IN ANOTHER 11 INSTANCES, UBS-FS FAILED TO PROVIDE THE CUSTOMERS REPORTED TRADE PRICE AND THE DIFFERENCE BETWEEN REPORTED TRADE PRICE AND PRICE TO CUSTOMER. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 10/15/2004 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Censure Monetary Amount: $30,000.00 Other Sanctions: IN ADDITION TO $30,000 FINE, UBS-FS TO MAKE RESTITUTION IN THE AMOUNT OF $2,388.58, PLUS INTEREST. NASD BrokerCheck October 14, 2005 Page 8 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, UBS-FS CONSENTED TO A CENSURE AND $30,000 FINE (CONSISTING OF $25,000 FOR VIOLATION OF BEST EXECUTION RULES AND $5,000 FOR VIOLATIONS OF SEC RULE 10B-10) AND RESTITUTION IN THE AMOUNT OF $2,388.58, PLUS INTEREST. Summary: ******* REGULATORY ACTION (4 of 302) ******* Reporting Source: Brokerage Firm (Form BD) Date Reported: 07/26/2004 Initiated By: STATE OF MISSOURI, OFFICE OF SECRETARY OF STATE Date initiated: 12/10/2003 Docket/ Case Number: AO-03-20 Allegations: THE APPLICANT ACTED IN VIOLATION OF SECTION 409.204(A)(2)(G) OF THE MISSOURI SECURITIES ACT IN ISSUING RESEARCH REPORTS. THE APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES AS REQUIRED BY SECTION 409.204(A)(2)(J) OF THE MISSOURI SECURITIES ACT. Current Status: Final Resolution: Consent Resolution Date: 12/10/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $431,117.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTION 409.204(A)(2)(G) AND (J) OF THE MISSOURI SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH SECTION 409.204(A)(2)(G) AND (J) OF THE MISSOURI SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $431,117 IS ALLOCATED TO THE STATE OF MISSOURI) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE STATE OF MISSOURI, OFFICE OF SECRETARY OF STATE CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTION 409.204(A)(2)(G) AND (J) OF THE MISSOURI SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH SECTION 409.204(A)(2)(G) AND (J) OF THE MISSOURI SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $431,117 IS ALLOCATED TO THE STATE OF MISSOURI) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR NASD BrokerCheck October 14, 2005 Page 9 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ******* REGULATORY ACTION (5 of 302) ******* Reporting Source: Brokerage Firm (Form BD) Date Reported: 07/26/2004 Initiated By: IOWA INSURANCE DIVISION, IOWA SECURITIES BUREAU Date initiated: 03/19/2004 Docket/ Case Number: C04-12-434 Allegations: THE APPLICANT ACTED IN VIOLATION OF SECTION 502.304(1)(G) OF THE IOWA UNIFORM SECURITIES ACT IN ISSUING RESEARCH REPORTS. THE APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED BY SECTION 502.304(1)(J) OF THE IOWA UNIFORM SECURITIES ACT. Current Status: Final Resolution: Consent Resolution Date: 03/19/2004 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $250,000.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTION 502.304(1)(G) AND (J) OF THE IOWA UNIFORM SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH SECTION 502.304(1)(G) AND (J) OF THE IOWA UNIFORM SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF IOWA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE IOWA SECURITIES BUREAU CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTION 502.304(1)(G) AND (J) OF THE IOWA UNIFORM SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH SECTION 502.304(1)(G) AND (J) OF THE IOWA UNIFORM SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF IOWA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ******* REGULATORY ACTION (6 of 302) ******* NASD BrokerCheck October 14, 2005 Page 10 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Reporting Source: Regulator (Form U-6) Date Reported: 07/21/2004 Initiated By: NASD Date initiated: 07/07/2004 Docket/ Case Number: CAF040051 Allegations: NASD CONDUCT RULES 2110 AND 2210(D)(1)(A) - RESPONDENT MEMBER UBS FINANCIAL SERVICES INC., DISTRIBUTED TO ITS CUSTOMERS, SALES LITERATURE REGARDING PRIVATELY PLACED REGISTERED INVESTMENT COMPANIES. THE SALES PRESENTATION STATED THAT THE FUND WAS SEEKING A TARGETED RATE OF RETURN WITHOUT PROVIDING A SUBSTANTIATED BASIS FOR THE TARGET. INCLUDING A TARGETED RETURN RATE IN THE SALES LITERATURE, WITHOUT PROVIDING A SOUND BASIS TO ENABLE INVESTORS TO EVALUATE IT. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 07/07/2004 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $85,000.00 Other Sanctions: UNDERTAKING Resolution Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, THE RESPONDENT MEMBER CONSENTED TO THE FINDING OF THE ALLEGATIONS AND TO THE FOLLOWING SANCTIONS: CENSURED, FINED $85,000.00; AND AN UNDERTAKING TO FILE WITH NASD'S ADVERTISING REGULATION DEPARTMENT, WITHIN THIRTY (30) DAYS OF THE EFFECTIVE DATE OF THIS AWC, ALL PRESENTATIONS, QUARTERLY CLIENT LETTERS, FACT SHEETS AND QUARTERLY PERFORMANCE UPDATES RELATING TO PRIVATELY PLACED REGISTERED INVESTMENT COMPANIES THAT THE FIRM IS CURRENTLY USING ON THE DATE OF ACCEPTANCE BY THE NAC OF THIS AWC. THE FIRM AGREES THAT, UPON RECEIPT OF COMMENTS FROM NASD ON ANY OF THE FILED MATERIALS, UNLESS NOTIFIED OTHERWISE BY NASD, UBS SHALL TAKE ALL REASONABLE STEPS TO WITHHOLD OR CAUSE TO BE WITHHELD SUCH MATERIAL FROM FURTHER PUBLICATION UNTIL THE CHANGES SPECIFIED BY NASD HAVE BEEN MADE, AND SUCH MATERIAL WILL BE REVISED AND RE-FILED PRIOR TO ANY USE, UNLESS OTHERWISE AGREED TO BY NASD STAFF AT ITS SOLE DISCRETION. Summary: *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 07/15/2004 Initiated By: NASD Date initiated: 06/16/2004 Docket/ Case Number: CAF040051 Allegations: BETWEEN JULY 2002 AND MAY 2003, UBS FINANCIAL SERVICES INC. DISTRIBUTED TWENTY-THREE PIECES OF SALES LITERATURE REGARDING PRIVATELY PLACED REGISTERED INVESTMENT COMPANIES TO ITS CUSTOMERS THAT DID NOT COMPLY WITH NASD CONDUCT RULES 2210(D)(1)(A) AND 2110. THESE INCLUDED ONE SALES PRESENTATION, AND TWENTY-TWO FUND UPDATES IN THE FORM OF QUARTERLY CLIENT LETTERS OR FUND FACT SHEETS. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 07/07/2004 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $85,000.00 Other Sanctions: AN UNDERTAKING TO FILE WITH NASD'S ADVERTISING REGULATION DEPARTMENT, WITHIN THIRTY (30) DAYS OF THE EFFECTIVE DATE OF THIS AWC, ALL PRESENTATIONS, QUARTERLY CLIENT LETTERS, FACT NASD BrokerCheck October 14, 2005 Page 11 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) SHEETS AND QUARTERLY PERFORMANCE UPDATES RELATING TO PRIVATELY PLACED REGISTERED INVESTMENT COMPANIES THAT THE FIRM IS CURRENTLY USING ON THE DATE OF ACCEPTANCE OF THIS AWC. Resolution Details: UBS FINANCIAL SERVICES PAID A FINE OF $85,000.00. Summary: UBS FINANCIAL SERVICES SUBMITTED A LETTER OF ACCEPTANCE, WAIVER AND CONSENT REGARDING VIOLATIONS OF NASD CONDUCT RULES 2210(D)(1)(A) AND 2110. THE FIRM ALSO CONSENTED TO THE IMPOSITION OF A CENSURE, A FINE OF $85,000 AND AN UNDERTAKING TO TIMELY FILE WITHIN 30 DAYS OF 7/7/04 CERTAIN MATERIAL REGARDING PRIVATELY PLACED REGISTERED INVESTMENT COMPANIES. ******* REGULATORY ACTION (7 of 302) ******* Reporting Source: Regulator (Form U-6) Date Reported: 06/30/2004 Initiated By: NASD Date initiated: 06/28/2004 Docket/ Case Number: C05040044 Allegations: MSRB RULES G-17 AND G-30(A) - RESPONDENT MEMBER UBS FINANCIAL SERVICES INC. RECEIVED REQUESTS FROM PUBLIC CUSTOMERS TO LIQUIDATE ELEVEN DIFFERENT MUNICIPAL SECURITY POSITIONS. RESPONDENT MEMBER CONTACTED A BROKER'S BROKER AND OBTAINED BIDS FOR THE CUSTOMERS' SECURITIES. BASED ON THE BIDS PROVIDED BY THE BROKER'S BROKE, RESPONDENT MEMBER PURCHASED THE SECURITIES FROM THE CUSTOMERS FOR ITS OWN ACCOUNT AND THEN SOLD THE SECURITIES TO THE BROKER'S BROKER AT A NOMINAL GAIN. IN ALL ELEVEN INSTANCES, THE PRICES PAID TO THE CUSTOMER, AND RECEIVED BY RESPONDENT MEMBER, WERE BELOW THE FAIR MARKET VALUE OF EACH SECURITY, IN AMOUNTS RANGING FROM 8.28% TO 53.73% (AND IN ONE INSTANCE 142.55%). BY RELYING SOLELY ON THE BIDS PROVIDED BY THE BROKER'S BROKER TO DETERMINE THE FAIR MARKET VALUE OF THE SECURITY, RESPONDENT MEMBER FAILED TO ENSURE THAT THE TRANSACTIONS WERE EXECUTED AT AGGREGATE PRICES THAT WERE FAIR AND REASONABLE. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 06/28/2004 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Censure Monetary Amount: $100,000.00 Other Sanctions: UNDERTAKING Resolution Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, THE RESPONDENT UBS FINANCIAL SERVICES INC. CONSENTED TO THE FINDING OF THE ALLEGATIONS AND TO THE FOLLOWING SANCTIONS: CENSURED AND FINED $100,000.00, SHALL PAY CUSTOMER RESTITUTION IN THE AMOUNT OF $100,666.05, PLUS INTEREST. SATISFACTORY PROOF OF PAYMENT OF RESTITUTION SHALL BE PROVIDED TO NASD NO LATER THAN 90 DAYS AFTER ACCEPTANCE OF THIS AWC. ADDTIONALLY, WITHIN 90 DAYS OF THE ACCEPTANCE OF THIS AWC, THE FIRM SHALL PROVIDE NASD WITH A COPY OF ITS UPDATED WRITTEN SUPERVISORY PROCEDURES AS THEY RELATE TO THE DETERMINATION OF THE FAIR MARKET VALUE OF MUNICIPAL SECURITIES BEING BOUGHT OR SOLD FROM A PUBLIC CUSTOMER. Summary: *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 07/13/2004 Initiated By: NASD Date initiated: 06/28/2004 Docket/ Case Number: C05040044 NASD BrokerCheck October 14, 2005 Page 12 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Allegations: ON JUNE 28, 2004, UBS FINANCIAL SERVICES INC. (FORMERLY UBS PAINEWEBBER INC.), ALONG WITH 7 OTHER FIRMS, WITHOUT ADMITTING OR DENYING THE FINDINGS, SETTLED WITH THE NATIONAL ASSOCIATION OF SECURITIES DEALERS INC. (?NASD?) AN ACTION CONCERNING THE FIRM?S RELIANCE ON BROKER?S BROKERS TO DETERMINE THE FAIR MARKET VALUE OF CERTAIN OF ITS CUSTOMERS? BONDS. IN PARTICULAR, THE NASD IDENTIFIED ELEVEN INSTANCES DURING THE PERIOD FROM AUGUST 6, 2002 THROUGH JUNE 4, 2003 WHERE A CLIENT REQUESTED THAT UBS FINANCIAL SERVICES INC. SELL A BOND IN WHICH THE FIRM DOES NOT MAKE A MARKET. THE FIRM, FOLLOWING INDUSTRY PRACTICE, CONTACTED A BROKER?S BROKER AND OBTAINED BIDS FOR THE CUSTOMERS? SECURITIES, AND THEN BOUGHT THE BONDS FROM THE CUSTOMERS AT THE BID PRICE. SUBSEQUENT TRADING OF THE CUSTOMER?S BONDS OCCURRED AT PRICES HIGHER THAN THE CUSTOMERS HAD ORIGINALLY RECEIVED, INDICATING THAT THE CUSTOMERS HAD NOT RECEIVED FAIR PRICES FOR THE BONDS THE CUSTOMERS SOLD. ALONG WITH OTHER FIRMS IN THE GROUP SETTLING WITH THE NASD, UBS FINANCIAL SERVICES, INC. WAS FOUND TO HAVE VIOLATED MSRB RULES G-17 AND G-30 BY RELYING SOLELY ON THE PRICES PROVIDED BY THE BROKER?S BROKERS TO DETERMINE THE FAIR MARKET VALUES OF THE BONDS. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 06/28/2004 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Censure Monetary Amount: $100,000.00 Resolution Details: CENSURE AND $100,000.00 FINE PLUS RESTITUTION IN THE AMOUNT OF $100,666.05. Summary: TO RESOLVE THE ACTIONS, ALL EIGHT FIRMS AGREED TO MAKE RESTITUTION, PAY FINES IN AN AMOUNT ROUGHLY EQUAL TO THE RESTITUTION AMOUNT, AND UPDATE THEIR WRITTEN SUPERVISORY PROCEDURES RELATING TO THE DETERMINATION OF THE FAIR MARKET VALUE OF MUNICIPAL SECURITIES BEING BOUGHT OR SOLD FROM A PUBLIC CUSTOMER. UBS FINANCIAL SERVICES WILL PAY A FINE OF $100,000. UBS FINANCIAL SERVICES HAS ALREADY MADE RESTITUTION OF $100,666.05 TO THE IMPACTED CUSTOMERS, AND HAS UPDATED ITS WRITTEN SUPERVISORY PROCEDURES. THESE PROCEDURES WILL BE SUBMITTED TO THE NASD FOR ITS REVIEW. ******* REGULATORY ACTION (8 of 302) ******* Reporting Source: Regulator (Form U-6) Date Reported: 06/09/2004 Initiated By: NORTH DAKOTA Date initiated: 10/10/2003 Docket/ Case Number: Allegations: SEE GLOBAL SETTLEMENT DOCUMENTS Current Status: Final Resolution: Consent Resolution Date: 10/10/2003 Sanctions Ordered: Monetary/Fine Monetary Amount: $250,000.00 Resolution Details: $242,500 ASSESSED AS A CIVIL PENALTY. $7,500 COLLECTED FOR THE INVESTOR EDUCATION AND TECHNOLOGY FUND ADMINISTERED BY THE SECURITIES DEPARTMENT. SUCH PAYMENTS WERE JOINT AND SEVERAL WITH UBS WARBURG, LLC. OTHER TERMS AS SET FORTH IN GLOBAL SETTLEMENT DOCUMENTS. Summary: *********************************** NASD BrokerCheck October 14, 2005 Page 13 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Reporting Source: Brokerage Firm (Form BD) Date Reported: 12/10/2003 Initiated By: NORTH DAKOTA SECURITIES DEPARTMENT Date initiated: 09/10/2003 Docket/ Case Number: UNKNOWN Allegations: APPLICANT ACTED IN VIOLATION OF SECTION 10-04-11(1)(C) OF THE NORTH DAKOTA SECURITIES ACT IN ISSUING RESEARCH REPORTS. APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED BY SECTION 10-04-11(1)(M) OF THE NORTH DAKOTA SECURITIES ACT. Current Status: Final Resolution: Consent Resolution Date: 09/10/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $250,000.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTIONS 10-04-11(1)(C) AND 10-04-11(1)(M) OF THE NORTH DAKOTA SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH SECTIONS 10-04-11(1)(C) AND 10-04-11(1)(M) OF THE NORTH DAKOTA SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF NORTH DAKOTA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE NORTH DAKOTA SECURITIES DEPARTMENT CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTIONS 10-04-11(1)(C) AND 10-04-11(1)(M) OF THE NORTH DAKOTA SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH SECTIONS 10-04-11(1)(C) AND 10-04-11(1)(M) OF THE NORTH DAKOTA SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF NORTH DAKOTA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ******* REGULATORY ACTION (9 of 302) ******* Reporting Source: Regulator (Form U-6) Date Reported: 04/15/2004 Initiated By: UTAH DIVISION OF SECURITES NASD BrokerCheck October 14, 2005 Page 14 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date initiated: 11/05/2003 Docket/ Case Number: SD-03-0043 Allegations: RESEARCH ANALYSTS CONFLICTS OF INTEREST Current Status: Final Resolution: Consent Resolution Date: 11/05/2003 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $250,000.00 Resolution Details: ORDERED TO CEASE AND DESIST AND PAY $250,000.00 TO THE DIVISION'S SECURITIES INVESTOR EDUCATION AND TRAINING FUND Summary: FOR MORE INFORMATION, PLEASE VISIT THE DIVISION'S WEB SITE AT: HTTP://WWW.SECURITIES.STATE.UT.US/ACTIONSEVENTS.ASP?DOCKET+NUMB ER=SD%2D03%2D0043 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 10/01/2003 Initiated By: STATE OF UTAH DIVISION OF SECURITIES Date initiated: 09/05/2003 Docket/ Case Number: SD-03-0042 AND SD-03-0043 Allegations: APPLICANT ACTED IN VIOLATION OF SECTION 61-1-6(1)(G) OF THE UTAH UNIFORM SECURITIES ACT IN ISSUING RESEARCH REPORTS. APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED BY SECTION 61-1-6(1)(J) OF THE UTAH UNIFORM SECURITIES ACT. Current Status: Final Resolution: Consent Resolution Date: 09/05/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $250,000.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE UTAH UNIFORM SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH UTAH UNIFORM SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF UTAH DIVISION OF SECURITIES) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE STATE OF UTAH DIVISION OF SECURITIES CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE NASD BrokerCheck October 14, 2005 Page 15 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE UTAH UNIFORM SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE UTAH UNIFORM SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF UTAH DIVISION OF SECURITIES) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (10 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 03/12/2004 Initiated By: NEW HAMPSHIRE BUREAU OF SECURITIES REGULATION Date initiated: 02/20/2004 Docket/ Case Number: UNKNOWN Allegations: THE APPLICANT ACTED IN VIOLATION OF SECTION 421B:10(I)(B)(7) OF THE NEW HAMPSHIRE SECURITIES ACT IN ISSUING RESEARCH REPORTS. THE APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED BY SECTION 421B:10(I)(B)(10) OF THE NEW HAMPSHIRE SECURITIES ACT. Current Status: Final Resolution: Consent Resolution Date: 02/20/2004 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution Monetary Amount: $250,000.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTIONS 421B:10(I)(B)(7) AND 421B:10(I)(B)(10) OF THE NEW HAMPSHIRE SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH SECTIONS 421B:10(I)(B)(7) AND B:10(I)(B)(10) OF THE NEW HAMPSHIRE SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF NEW HAMPSHIRE) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE NEW HAMPSHIRE BUREAU OF SECURITIES REGULATION CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTIONS 421B:10(I)(B)(7) AND 421B:10(I)(B)(10) OF THE NEW HAMPSHIRE SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH SECTIONS 421B:10(I)(B)(7) AND 421B:10(I)(B)(10) OF THE NEW HAMPSHIRE SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT NASD BrokerCheck October 14, 2005 Page 16 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF NEW HAMPSHIRE) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (11 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 03/12/2004 Initiated By: CALIFORNIA DEPARTMENT OF CORPORATIONS Date initiated: 12/15/2003 Docket/ Case Number: UNKNOWN Allegations: THE APPLICANT ACTED IN VIOLATION OF SECTION 25218 OF THE CALIFORNIA CORPORATIONS CODE AND REGULATION SECTION 260.218.4 PROMULGATED THEREUNDER IN ISSUING RESEARCH REPORTS. THE APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES AS REQUIRED BY SECTION 25218 OF THE CALIFORNIA CORPORATIONS CODE AND REGULATION SECTION 260.218.4 PROMULGATED THEREUNDER IN ISSUING RESEARCH REPORTS. Current Status: Final Resolution: Consent Resolution Date: 12/15/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $2,609,851.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE CALIFORNIA CORPORATE SECURITIES LAW. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE CALIFORNIA CORPORATE SECURITIES LAW IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $2,609,851 IS ALLOCATED TO THE STATE OF CALIFORNIA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE CALIFORNIA DEPARTMENT OF CORPORATIONS CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE CALIFORNIA CORPORATE SECURITIES LAW. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE CALIFORNIA CORPORATE SECURITIES LAW IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $2,609,851 IS ALLOCATED TO THE STATE OF CALIFORNIA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 NASD BrokerCheck October 14, 2005 Page 17 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (12 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 03/12/2004 Initiated By: NORTH CAROLINA DEPARTMENT OF THE SECRETARY OF STATE, SECURITIES DIVISION Date initiated: 02/21/2004 Docket/ Case Number: 03-013-IG Allegations: THE APPLICANT ACTED IN VIOLATION OF SECTION 78A-39(A)(2)(G) OF THE NORTH CAROLINA SECURITIES ACT AND RULES 18NCAC6.1414(A) AND 18 NCAC 6.1414(B)(33) OF THE NORTH CAROLINA ADMINISTRATIVE CODE IN ISSUING RESEARCH REPORTS AND BY FAILING TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH. Current Status: Final Resolution: Consent Resolution Date: 02/21/2004 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $620,209.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTION78A-39(A)(2)(G) OF THE NORTH CAROLINA SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH SECTION78A-39(A)(2)(G) OF THE NORTH CAROLINA SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $620,209 IS ALLOCATED TO THE STATE OF NORTH CAROLINA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE NORTH CAROLINA SECRETARY OF STATE CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTION78A-39(A)(2)(G) OF THE NORTH CAROLINA SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH SECTION78A-39(A)(2)(G) OF THE NORTH CAROLINA SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $620,209 IS ALLOCATED TO THE STATE OF NORTH CAROLINA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (13 of 302) ****** NASD BrokerCheck October 14, 2005 Page 18 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Reporting Source: Brokerage Firm (Form BD) Date Reported: 03/12/2004 Initiated By: STATE OF NEW MEXICO SECURITIES DIVISION Date initiated: 02/23/2004 Docket/ Case Number: 04-03-027-009 Allegations: THE APPLICANT ACTED IN VIOLATION OF SECTION 58-13B-16.A(2)(H) OF THE NEW MEXICO SECURITIES ACT IN ISSUING RESEARCH REPORTS. THE APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED BY SECTION 58-13B-16.A(2)(H) AND (K) OF THE NEW MEXICO SECURITIES ACT AND RULE 12.11.4.10 PROMULGATED THEREUNDER. Current Status: Final Resolution: Consent Resolution Date: 02/23/2004 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution Monetary Amount: $250,000.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTIONS 58-13B-16.A(H) AND (K) OF THE NEW MEXICO SECURITIES ACT AND RULE 12.11.4.10 PROMULGATED THEREUNDER. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH SECTIONS 58-13B-16.A(H) AND (K) OF THE NEW MEXICO SECURITIES ACT AND RULE 12.11.4.10 PROMULGATED THEREUNDER IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $2,609,851 IS ALLOCATED TO THE STATE OF CALIFORNIA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE NEW MEXICO SECURITIES DIVISION CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTIONS 58-13B-16.A(H) AND (K) OF THE NEW MEXICO SECURITIES ACT AND RULE 12.11.4.10 PROMULGATED THEREUNDER. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH SECTIONS 58-13B-16.A(H) AND (K) OF THE NEW MEXICO SECURITIES ACT AND RULE 12.11.4.10 PROMULGATED THEREUNDER IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $2,609,851 IS ALLOCATED TO THE STATE OF CALIFORNIA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (14 of 302) ****** Reporting Source: Brokerage Firm (Form BD) NASD BrokerCheck October 14, 2005 Page 19 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date Reported: 03/09/2004 Initiated By: WEST VIRGINIA SECURITIES DIVISION, COMMISSIONER OF SECURITIES Date initiated: 12/29/2003 Docket/ Case Number: E03-1351 Allegations: APPLICANT ACTED IN VIOLATION OF SECTION 32-2-204(A)(2)(G) OF THE WEST VIRGINIA UNIFORM SECURITIES LAW AND REGULATIONS IN ISSUING RESEARCH REPORTS. THE APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES AS REQUIRED BY SECTION 32-2-204(A)(2)(J) OF THE WEST VIRGINIA UNIFORM SECURITIES LAW AND REGULATIONS. Current Status: Final Resolution: Consent Resolution Date: 12/29/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $250,000.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTION 32-2-204 OF THE WEST VIRGINIA UNIFORM SECURITIES LAW AND REGULATIONS. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH SECTION 32-2-204 OF THE WEST VIRGINIA UNIFORM SECURITIES LAW AND REGULATIONS IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF WEST VIRGINIA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE WEST VIRGINIA COMMISSIONER OF SECURITIES CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTION 32-2-204 OF THE WEST VIRGINIA UNIFORM SECURITIES LAW AND REGULATIONS. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH SECTION 32-2-204 OF THE WEST VIRGINIA UNIFORM SECURITIES LAW AND REGULATIONS IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF WEST VIRGINIA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (15 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 03/09/2004 Initiated By: STATE OF NEBRASKA, DEPARTMENT OF BANKING AND FINANCE Date initiated: 12/17/2003 NASD BrokerCheck October 14, 2005 Page 20 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Docket/ Case Number: UNKNOWN Allegations: APPLICANT ACTED IN VIOLATION OF SECTION 8-1103(9)(A)(VII) OF THE SECURITIES ACT OF NEBRASKA IN ISSUING RESEARCH REPORTS. THE APPLICANT FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED BY SECTION 8-1103(9)(A)(XI) OF THE SECURITIES ACT OF NEBRASKA. Current Status: Final Resolution: Consent Resolution Date: 12/17/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $250,000.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE SECURITIES ACT OF NEBRASKA. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE SECURITIES ACT OF NEBRASKA IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF NEBRASKA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE STATE OF NEBRASKA, DEPARTMENT OF BANKING AND FINANCE CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE SECURITIES ACT OF NEBRASKA. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE SECURITIES ACT OF NEBRASKA IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF NEBRASKA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (16 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 03/09/2004 Initiated By: OHIO DEPARTMENT OF COMMERCE, DIVISION OF SECURITIES Date initiated: 12/26/2003 Docket/ Case Number: UNKNOWN Allegations: APPLICANT ACTED IN VIOLATION OF CHAPTER 1707 OF THE OHIO REVISED CODE [SECURITIES ACT OF OHIO] AND THE REGULATIONS PROMULGATED THEREUNDER, AS THEY RELATE TO DISHONEST OR UNETHICAL CONDUCT AND FAILURE TO SUPERVISE IN CONNECTION WITH NASD BrokerCheck October 14, 2005 Page 21 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) CERTAIN RESEARCH PRACTICES. Current Status: Final Resolution: Consent Resolution Date: 12/26/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution Monetary Amount: $874,773.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING CHAPTER 1707 OF THE OHIO REVISED CODE. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE CHAPTER 1707 OF THE OHIO REVISED CODE IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $874,773 IS ALLOCATED TO THE STATE OF OHIO) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE OHIO DEPARTMENT OF COMMERCE, DIVISION OF SECURITIES CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE CHAPTER 1707 OF THE OHIO REVISED CODE. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE CHAPTER 1707 OF THE OHIO REVISED CODE IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $874,773 IS ALLOCATED TO THE STATE OF OHIO) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (17 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 03/09/2004 Initiated By: STATE AUDITOR AND COMMISSIONER OF SECURITIES OF THE STATE OF MONTANA Date initiated: 11/21/2003 Docket/ Case Number: I 05-1-03-118 Allegations: APPLICANT ACTED IN VIOLATION OF SECTION 30-10-201(13)(G) OF THE SECURITIES ACT OF MONTANA IN ISSUING RESEARCH REPORTS. THE APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED BY SECTION 30-10-201(13)(K) OF THE SECURITIES ACT OF MONTANA. Current Status: Final Resolution: Consent Resolution Date: 11/21/2003 NASD BrokerCheck October 14, 2005 Page 22 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $250,000.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE SECURITIES ACT OF MONTANA. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE SECURITIES ACT OF MONTANA IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF MONATANA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE STATE AUDITOR AND COMMISSIONER OF SECURITIES OF THE STATE OF MONTANA CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE SECURITIES ACT OF MONTANA. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE SECURITIES ACT OF MONTANA IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLCMUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF MONTANA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (18 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 03/01/2004 Initiated By: PA SECURITIES COMMISSION CONTACT: G. PHILIP RUTLEDGE (717) 787-8059 Date initiated: 12/30/2003 Docket/ Case Number: 2003-04-47 Allegations: THIS ACTION IS IN CONNECTION WITH THE GLOBAL ANALYST SETTLEMENT WHICH INCORPORATED THE FINAL JUDGMENT OF THE U.S. DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK, CIVIL ACTION NO. 03 CIV. 2943 (WHP) ENTERED OCTOBER 31, 2003. Current Status: Final Resolution: Settled Resolution Date: 12/30/2003 Sanctions Ordered: Monetary/Fine Monetary Amount: $946,269.00 Resolution Details: RESPONDENT UBS FINANCIAL SERVICES, INC. F/K/A UBS PAINEWEBBER, INC. AND OTHER NAMED RESPONDENT PAID A $946,269.00 ADMINISTRATIVE ASSESSMENT. NASD BrokerCheck October 14, 2005 Page 23 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Summary: *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 03/09/2004 Initiated By: PENNSYLVANIA SECURITIES COMMISSION Date initiated: 12/30/2003 Docket/ Case Number: 2003-04-47 Allegations: APPLICANT ACTED IN VIOLATION OF THE PENNSYLVANIA SECURITIES ACT OF 1972 AND THE REGULATIONS PROMULGATED THEREUNDER WITH RESPECT TO CERTAIN RESEARCH PRACTICES. Current Status: Final Resolution: Consent Resolution Date: 12/30/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $946,269.00 Resolution Details: THE APPLICANT WAS ORDERED TO COMPLY WITH THE PENNSYLVANIA SECURITIES ACT OF 1972 IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $946,269 IS ALLOCATED TO THE COMMONWEALTH OF PENNSYLVANIA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE PENNSYLVANIA SECURITIES COMMISSION CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT THE APPLICANT COMPLY WITH THE PENNSYLVANIA SECURITIES ACT OF 1972 IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $946,269 IS ALLOCATED TO THE COMMONWEALTH OF PENNSYLVANIA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (19 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 02/23/2004 Initiated By: UNITED STATES SECURITIES AND EXCHANGE COMMISSION Date initiated: 02/12/2004 Docket/ NASD BrokerCheck October 14, 2005 Page 24 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Case Number: 3-11407 Allegations: SEC ADMINISTRATIVE PROCEEDING RELEASE NOS. 33-8377 AND 34-49236, DATED FEBRUARY 12, 2004: THE SECURITIES AND EXCHANGE COMMISSION ("COMMISSION" OR "SEC") DEEMS IT APPROPRIATE AND IN THE PUBLIC INTEREST THAT PUBLIC ADMINISTRATIVE AND CEASE-AND-DESIST PROCEEDINGS BE, AND HEREBY ARE, INSTITUTED PURSUANT TO SECTION 8A OF THE SECURITIES ACT OF 1933 ("SECURITIES ACT") AND SECTIONS 15(B)(4) AND 21C OF THE SECURITIES EXCHANGE ACT OF 1934 ("EXCHANGE ACT") AGAINST UBS FINANCIAL SERVICES INC. ("RESPONDENT"). Current Status: Final Resolution: Order Resolution Date: 02/12/2004 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Censure, Cease and Desist/Injunction Monetary Amount: $2,310,884.00 Resolution Details: IT IS ORDERED: A. PURSUANT TO SECTION 15(B)(4) OF THE EXCHANGE ACT, THAT RESPONDENT IS CENSURED; B. PURSUANT TO SECTION 8A OF THE SECURITIES ACT AND SECTION 21C OF THE EXCHANGE ACT, THAT RESPONDENT SHALL CEASE AND DESIST FROM COMMITTING OR CAUSING ANY VIOLATIONS AND ANY FUTURE VIOLATIONS OF SECTION 17(A)(2) OF THE SECURITIES ACT, AND RULE 10B-10 UNDER THE EXCHANGE ACT; C. WITHIN 10 DAYS OF THE ENTRY OF THIS ORDER, RESPONDENT SHALL PAY A CIVIL MONEY PENALTY IN THE AMOUNT OF $2,310,884 TO THE UNITED STATES TREASURY; D. RESPONDENT SHALL PAY DISGORGEMENT AND PREJUDGMENT INTEREST; AND E. NOT LATER THAN 6 MONTHS AFTER THE DATE OF THIS ORDER, UNLESS OTHERWISE EXTENDED BY THE COMMISSION FOR GOOD CAUSE SHOWN, RESPONDENT'S CHIEF EXECUTIVE OFFICER SHALL CERTIFY IN WRITING TO THE COMMISSION THAT RESPONDENT HAS IMPLEMENTED PROCEDURES, AND A SYSTEM FOR APPLYING SUCH PROCEDURES, THAT CAN REASONABLY BE EXPECTED TO PREVENT AND DETECT FAILURES BY RESPONDENT TO PROVIDE APPROPRIATE BREAKPOINT DISCOUNTS FOR WHICH CUSTOMERS ARE ELIGIBLE ON PURCHASES OF FRONT-END LOAD MUTUAL FUNDS, BASED ON INFORMATION REASONABLY ASCERTAINABLE BY RESPONDENT. Summary: RESPONDENT HAS SUBMITTED AN OFFER OF SETTLEMENT WITHOUT ADMITTING OR DENYING THE FINDINGS, EXCEPT AS TO THE SEC'S JURISDICTION, AND CONSENTED TO THE ENTRY OF THIS ORDER. THE SEC FINDS THAT: DURING 2001 AND 2002 (THE "RELEVANT PERIOD"), RESPONDENT SOLD SHARES ISSUED BY MUTUAL FUNDS WITHOUT PROVIDING CERTAIN CUSTOMERS WITH THE REDUCTIONS IN FRONT-END LOADS, OR SALES CHARGES, ALSO KNOWN AS "BREAKPOINT" DISCOUNTS, DESCRIBED IN THE PROSPECTUSES OF THE FUNDS. ACCORDING TO DATA SUBMITTED TO NASD BY RESPONDENT, RESPONDENT IS ESTIMATED TO HAVE FAILED TO GIVE CERTAIN CUSTOMERS BREAKPOINT DISCOUNTS TOTALING APPROXIMATELY $4,621,768 DURING THE RELEVANT PERIOD. BY FAILING TO DISCLOSE TO CERTAIN CUSTOMERS THAT THEY WERE NOT RECEIVING THE BENEFIT OF APPLICABLE BREAKPOINT DISCOUNTS, RESPONDENT WILLFULLY VIOLATED SECTION 17(A)(2) OF THE SECURITIES ACT. FURTHER, BECAUSE RESPONDENT DID NOT CHARGE THESE CUSTOMERS THE CORRECT SALES LOADS AS SET FORTH IN THE MUTUAL FUNDS' PROSPECTUSES, AND ALSO DID NOT DISCLOSE IN CONFIRMATIONS THE REMUNERATION RESPONDENT RECEIVED FROM THE SALES LOADS CHARGED TO THESE CUSTOMERS, RESPONDENT WILLFULLY VIOLATED RULE 10B-10 UNDER THE EXCHANGE ACT. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 02/26/2004 Initiated By: UNITED STATES SECURITIES AND EXCHANGE COMMISSION Date initiated: 02/12/2004 Docket/ Case Number: 3-11407 Allegations: ON FEBRUARY 12, 2004, UBS FINANCIAL SERVICES, INC., ALONG WITH 6 OTHER FIRMS, SETTLED WITH BOTH THE SEC AND NASD ACTIONS RELATING TO THE FIRM'S FAILURE TO UNIFORMLY PROVIDE BREAKPOINT DISCOUNTS TO CLIENTS DURING 2001 AND 2002. BREAKPOINT DISCOUNTS ARE VOLUME DISCOUNTS APPLICABLE TO FRONT-END SALES CHARGES ON CLASS A MUTUAL FUND SHARES. THE SEC AND NASD EACH BROUGHT CASES AGAINST A GROUP OF 7 FIRMS, AND THE NASD SEPARATELY BROUGHT ACTIONS AGAINST 8 OTHER FIRMS. NASD BrokerCheck October 14, 2005 Page 25 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Current Status: Final Resolution: Order Resolution Date: 02/12/2004 Sanctions Ordered: Monetary/Fine, Censure, Cease and Desist/Injunction Monetary Amount: $2,310,884.00 Resolution Details: TO RESOLVE THE ACTIONS, ALL FIFTEEN FIRMS AGREED TO REVIEW ALL FRONT-END LOAD MUTUAL FUND TRADES IN EXCESS OF $2,500 BETWEEEN JANUARY 1, 2001 AND NOVEMBER 3, 2003, TO PROVIDE WRITTEN NOTIFICATION OF THE BREAKPOINTS PROBLEM TO EACH CUSTOMER WHO PURCHASED CLASS A SHARES FROM JAUNARY 1, 1999 TO NOVEMBER 3, 2002 TO ADVISE THESE CUSTOMERS THAT THEY MAY BE ENTITLED TO A REFUND; TO PROVIDE REFUNDS WHERE APPROPRIATE; AND TO PAY A FINE EQUAL TO THE AMOUNT OF THE FIRM'S PROJECTED OVERCHARGES. ALONG WITH OTHER FIRMS IN THE GROUP SETTLING WITH BOTH THE SEC AND NASD, UBS FINANCIAL SERVICES, INC. WAS FOUND TO HAVE VIOLATED SECTION 17(A)(2) OF THE SECURITIES ACT OF 1933 AND RULE 10B-10 UNDER THE SECURITIES EXCHANGE ACT OF 1934. THE NASD CHARGED ALL FIFTEEN FIRMS WITH VIOLATIONS OF ITS JUST AND EQUITABLE PRINCIPLES OF TRADE RULE. UBS FINANCIAL SERVICES WILL PAY A FINE OF $4,621,768, SPLIT EVENLY BETWEEN THE SEC AND NASD. Summary: ****** REGULATORY ACTION (20 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 02/25/2004 Initiated By: NASD Date initiated: 02/12/2004 Docket/ Case Number: CAF040007 Allegations: NASD RULE 2110 - RESPONDENT MEMBER SOLD SHARES ISSUED BY MUTUAL FUNDS WITHOUT PROVIDING CERTAIN CUSTOMERS WITH BREAKPOINT DISCOUNTS DESCRIBED IN THE PROSPECTUSES OF THE FUNDS; FAILED TO GIVE ITS CUSTOMERS BREAKPOINT DISCOUNTS IN 30.03% OF ELIGIBLE MUTUAL FUND TRANSACTIONS IN 2001 AND 2002 THAT RESULTED IN MISSED BREAKPOINTS THAT WOULD HAVE REDUCED CUSTOMERS' CHARGES BY AT LEAST $4.6 MILLION ON THEIR PURCHASES OF MUTUAL FUND SHARES WITH FRONT-END LOADS DURING THE RELEVANT PERIOD. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 02/12/2004 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $2,310,884.00 Other Sanctions: UNDERTAKINGS. Resolution Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, RESPONDENT FIRM CONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS; THEREFORE, THE FIRM IS CENSURED, FINED $4,621,768, OF WHICH ONE HALF SHALL BE PAID TO NASD AND ONE HALF SHALL BE PAID TO THE U.S. TREASURY PURSUANT TO RELATED SEC PROCEEDINGS BEING INSTITUTED AGAINST RESPONDENT ON THIS DATE, AND REQUIRED TO PROVIDE WRITTEN NOTIFICATION TO EACH CUSTOMER WHO PURCHASED FRONT-END LOAD MUTUAL FUNDS THROUGH THE FIRM FROM JANUARY 1, 1999 THROUGH NOVEMBER 3, 2003 THAT THE FIRM EXPERIENCED A PROBLEM DELIVERING BREAKPOINT DISCOUNTS AND THAT AS A RESULT, THE CUSTOMER MAY BE ENTITLED TO A REFUND; PERFORM A TRADE-BY-TRADE ANALYSIS OF ALL FRONT-END LOAD MUTUAL FUND PURCHASES OF $2,500 OR MORE AND ALL OVERCHARGES IDENTIFIED REFUNDED BY MARCH 31, 2004; PROVIDE REFUNDS TO ALL CUSTOMERS WHO DID NOT RECEIVE ALL APPLICABLE BREAKPOINT DISCOUNTS AS DESCRIBED IN NTM 03-47; PROVIDE NASD A REPORT ON RESPONDENT'S REFUND PROGRAM BY 4/16/04; AND NOT LATER THAN SIX MONTHS AFTER THE DATE OF THIS ORDER, RESPONDENT'S CHIEF EXECUTIVE OFFICER NASD BrokerCheck October 14, 2005 Page 26 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) SHALL CERTIFY IN WRITING TO NASD THAT RESPONDENT HAS IMPLEMENTED PROCEDURES AND A SYSTEM FOR APPLYING SUCH PROCEDURES THAT CAN REASONABLY BE EXPECTED TO PREVENT AND DETECT FAILURES TO PROVIDE BREAKPOINT DISCOUNTS FOR WHICH CUSTOMERS ARE ELIGIBLE ON PURCHASES OF FRONT-END LOAD MUTUAL FUNDS. Summary: *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 02/25/2004 Initiated By: NASD Date initiated: 02/12/2004 Docket/ Case Number: CAF040007 Allegations: ON FEBRUARY 12, 2004, UBS FINANCIAL SERVICES, INC., ALONG WITH 6 OTHER FIRMS, SETTLED WITH BOTH THE SEC AND NASD ACTIONS RELATING TO THE FIRM'S FAILURE TO UNIFORMLY PROVIDE BREAKPOINT DISCOUNTS TO CLIENTS DURING 2001 AND 2002. BREAKPOINT DISCOUNTS ARE VOLUME DISCOUNTS APPLICABLE TO FRONT-END SALES CHARGES ON CLASS A MUTUAL FUND SHARES. THE SEC AND NASD EACH BROUGHT CASES AGAINST A GROUP OF 7 FIRMS, AND THE NASD SEPARATELY BROUGHT ACTIONS AGAINST 8 OTHER FIRMS. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 02/12/2004 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $2,310,884.00 Other Sanctions: UNDERTAKINGS Resolution Details: TO RESOLVE THE ACTIONS, ALL FIFTEEN FIRMS AGREED TO REVIEW ALL FRONT-END LOAD MUTUAL FUND TRADES IN EXCESS OF $2,500 BETWEEEN JANUARY 1, 2001 AND NOVEMBER 3, 2003, TO PROVIDE WRITTEN NOTIFICATION OF THE BREAKPOINTS PROBLEM TO EACH CUSTOMER WHO PURCHASED CLASS A SHARES FROM JAUNARY 1, 1999 TO NOVEMBER 3, 2002 TO ADVISE THESE CUSTOMERS THAT THEY MAY BE ENTITLED TO A REFUND; TO PROVIDE REFUNDS WHERE APPROPRIATE; AND TO PAY A FINE EQUAL TO THE AMOUNT OF THE FIRM'S PROJECTED OVERCHARGES. ALONG WITH OTHER FIRMS IN THE GROUP SETTLING WITH BOTH THE SEC AND NASD, UBS FINANCIAL SERVICES, INC. WAS FOUND TO HAVE VIOLATED SECTION 17(A)(2) OF THE SECURITIES ACT OF 1933 AND RULE 10B-10 UNDER THE SECURITIES EXCHANGE ACT OF 1934. THE NASD CHARGED ALL FIFTEEN FIRMS WITH VIOLATIONS OF ITS JUST AND EQUITABLE PRINCIPLES OF TRADE RULE. UBS FINANCIAL SERVICES WILL PAY A FINE OF $4,621,768, SPLIT EVENLY BETWEEN THE SEC AND NASD. Summary: ****** REGULATORY ACTION (21 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 01/02/2004 Initiated By: COMMONWEALTH OF MASSACHUSETTS Date initiated: 11/24/2003 Docket/ Case Number: 2002-67 Allegations: ON NOVEMBER 24, 2003, THE FIRM, WITHOUT ADMITTING OR DENYING THE CHARGES, SETTLED AN ADMINISTRATIVE ACTION WITH THE STATE OF MASSACHUSETTS IN WHICH THE STATE ALLEGED THAT THE FIRM VIOLATED MASSACHUSETTS GENERAL LAW CHAPTER 110A SECTION 204 BY FAILING TO SUPERVISE FORMER BROKER SCOTT MCCREADIE. Current Status: Final NASD BrokerCheck October 14, 2005 Page 27 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution: Order Resolution Date: 11/24/2003 Sanctions Ordered: Monetary/Fine Monetary Amount: $200,000.00 Resolution Details: PURSUANT TO THE SETTLEMENT, THE FIRM WAS ORDERED, AMONG OTHER THINGS, TO PAY A FINE OF $200,000 TO THE STATE. Summary: THE FIRM, WITHOUT ADMITTING OR DENYING THE CHARGES, SETTLED AN ADMINISTRATIVE ACTION WITH THE STATE OF MASSACHUSETTS IN WHICH THE STATE ALLEGED THAT THE FIRM VIOLATED MASSACHUSETTS GENERAL LAW CHAPTER 110A SECTION 204 BY FAILING TO SUPERVISE FORMER BROKER SCOTT MCCREADIE. THE FIRM WAS ORDERED TO PAY A FINE OF $200,000 TO THE STATE. ****** REGULATORY ACTION (22 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 01/14/2004 Initiated By: VIRGINIA - DIVISION OF SECURITIES Date initiated: 11/14/2003 Docket/ Case Number: SEC-2003-00021 Allegations: COMMISSION RULES 21 VAC 5-20-260 B AND 21 VAC 5-20-280 B 12 WERE VIOLATED. PLEASE CONTACT THE UNDERSIGNED FOR FURTHER INFORMATION ABOUT THE CONCLUSIONS OF LAW. Current Status: Final Resolution: Settled Resolution Date: 11/14/2003 Sanctions Ordered: Monetary/Fine Monetary Amount: $545,408.00 Other Sanctions: CONTACT UNDERSIGNED FOR INFORMATION Resolution Details: CONTACT UNDERSIGNED FOR INFORMATION Summary: $545,408.00 WAS RECEIVED AS PART OF THE SETTLEMENT AGREEMENT UBS SECURITIES, LLC ENTERED INTO WITH ALL FIFTY STATES, THE DISTRICT OF COLUMBIA AND THE COMMONWEALTH OF PUERTO RICO, THROUGH A COMMITTEE OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"). CO-DEFENDANTS, WERE LISTED ON THE SETTLEMENT ORDER, PER NEGOTIATIONS WITH THE FIRM "UBS" PAID A TOTAL OF $545,408. THIS AMOUNT WAS NOT RECEIVED TWICE FROM THE TWO DEFENDANTS NAMED ON THE SETTLEMENT ORDER. JURISDICTION REPORTING INCIDENT: VIRGINIA, STATE CORPORATION COMMISSION, DIVISION OF SECURITIES & RETAIL FRANCHISING. CONTACT KEVIN M. FURR AT 804-371-9081. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 12/10/2003 Initiated By: COMMONWEALTH OF VIRGINIA, STATE CORPORATION COMMISSION Date initiated: 11/14/2003 Docket/ Case Number: UNKNOWN Allegations: APPLICANT ACTED IN VIOLATION OF VIRGINIA SECURITIES RULE 21 VAC 5-20-280(E)(12) IN ISSUING RESEARCH REPORTS. THE APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED BY SECURITIES RULE 21 VAC 5-20-260. Current Status: Final NASD BrokerCheck October 14, 2005 Page 28 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution: Consent Resolution Date: 11/14/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $545,408.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECURITIES RULE 21 VAC 5-20-280(E)(12) AND RULE 21 VAC 5-20-260. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE VIRGINIA SECURITIES ACT AND THE REGULATIONS PROMULGATED THEREUNDER IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $545,408 IS ALLOCATED TO THE COMMONWEALTH OF VIRGINIA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE COMMONWEALTH OF VIRGINIA, STATE CORPORATION COMMISSION CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECURITIES RULE 21 VAC 5-20-280(E)(12) AND RULE 21 VAC 5-20-260. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE VIRGINIA SECURITIES ACT AND THE REGULATIONS PROMULGATED THEREUNDER IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $545,408 IS ALLOCATED TO THE COMMONWEALTH OF VIRGINIA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (23 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 12/10/2003 Initiated By: SOUTH DAKOTA DIRECTOR OF SECURITIES Date initiated: 11/05/2003 Docket/ Case Number: CASE #651 Allegations: APPLICANT ACTED IN VIOLATION OF SECTION 47-31A-204(A)(2)(G) OF THE SOUTH DAKOTA UNIFORM SECURITIES ACT IN ISSUING RESEARCH REPORTS. THE APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES AS REQUIRED UNDER SECTION 47-31A-204(A)(2)(J) OF THE SOUTH DAKOTA UNIFORM SECURITIES ACT. Current Status: Final Resolution: Consent Resolution Date: 11/05/2003 Sanctions NASD BrokerCheck October 14, 2005 Page 29 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $250,000.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE SOUTH DAKOTA UNIFORM SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE SOUTH DAKOTA UNIFORM SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF SOUTH DAKOTA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE SOUTH DAKOTA DIRECTOR OF SECURITIES CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE SOUTH DAKOTA UNIFORM SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE SOUTH DAKOTA UNIFORM SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF SOUTH DAKOTA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (24 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 12/10/2003 Initiated By: NEVADA OFFICE OF THE SECRETARY OF STATE, SECURITIES DIVISION Date initiated: 11/12/2003 Docket/ Case Number: I03-188 Allegations: APPLICANT ACTED IN VIOLATION OF SECTION 90.420(1)(H) OF THE NEVADA UNIFORM SECURITIES ACT AND SECTION 90.327 OF THE NEVADA ADMINISTRATIVE CODE IN ISSUING RESEARCH REPORTS. THE APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED OF SECTION 90.420(1)(K) OF THE NEVADA UNIFORM SECURITIES ACT. Current Status: Final Resolution: Consent Resolution Date: 11/12/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $250,000.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM NASD BrokerCheck October 14, 2005 Page 30 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) VIOLATING SECTIONS 90.420(1)(H) AND 90.420(1)(K) OF THE NEVADA UNIFORM SECURITIES ACT AND SECTION 90.327 OF THE NEVADA ADMINISTRATIVE CODE. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE SECTIONS 90.420(1)(H) AND 90.420(1)(K) OF THE NEVADA UNIFORM SECURITIES ACT AND SECTION 90.327 OF THE NEVADA ADMINISTRATIVE CODE IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF NEVADA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE NEVADA SECRETARY OF STATE CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTIONS 90.420(1)(H) AND 90.420(1)(K) OF THE NEVADA UNIFORM SECURITIES ACT AND SECTION 90.327 OF THE NEVADA ADMINISTRATIVE CODE. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH SECTIONS 90.420(1)(H) AND 90.420(1)(K) OF THE NEVADA UNIFORM SECURITIES ACT AND SECTION 90.327 OF THE NEVADA ADMINISTRATIVE CODE IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF NEVADA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (25 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 12/10/2003 Initiated By: MINNESOTA DEPARTMENT OF COMMERCE Date initiated: 10/13/2003 Docket/ Case Number: UNKNOWN Allegations: APPLICANT ACTED IN VIOLATION OF SECTION 80A.07, SUBDIVISION 1(7) OF THE MINNESOTA UNIFORM SECURITIES ACT IN ISSUING RESEARCH REPORTS. APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES AS REQUIRED BY CHAPTER 2875.0910, SUBPARAGRAPH 3 OF THE RULES PROMULGATED BY THE DEPARTMENT OF COMMERCE. Current Status: Final Resolution: Consent Resolution Date: 10/13/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $379,051.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING CHAPTER 80A OF THE MINNESOTA UNIFORM SECURITIES ACT AND CHAPTER 2875 OF THE RULES PROMULGATED THEREUNDER. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH CHAPTER 80A NASD BrokerCheck October 14, 2005 Page 31 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) OF THE MINNESOTA UNIFORM SECURITIES ACT AND CHAPTER 2875 OF THE RULES PROMULGATED THEREUNDER IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $379,051 IS ALLOCATED TO THE STATE OF MINNESOTA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE MINNESOTA DEPARTMENT OF COMMERCE CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING CHAPTER 80A OF THE MINNESOTA UNIFORM SECURITIES ACT AND CHAPTER 2875 OF THE RULES PROMULGATED THEREUNDER. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH CHAPTER 80A OF THE MINNESOTA UNIFORM SECURITIES ACT AND CHAPTER 2875 OF THE RULES PROMULGATED THEREUNDER IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $379,051 IS ALLOCATED TO THE STATE OF MINNESOTA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (26 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 12/10/2003 Initiated By: MARYLAND SECURITIES COMMISSIONER Date initiated: 11/21/2003 Docket/ Case Number: 2002-0887 Allegations: APPLICANT ACTED IN VIOLATION OF SECTION 11-412(A)(7) OF THE MARYLAND SECURITIES ACT IN ISSUING RESEARCH REPORTS. THE APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES AS REQUIRED UNDER SECTION 11-412(A)(10) OF THE MARYLAND SECURITIES ACT. Current Status: Final Resolution: Consent Resolution Date: 11/21/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $408,100.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE MARYLAND SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE MARYLAND SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC NASD BrokerCheck October 14, 2005 Page 32 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) MUST PAY A TOTAL OF $80,000,000 (OF WHICH $408,100 IS ALLOCATED TO THE STATE OF MARYLAND) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE SECURITIES COMMISSIONER OF MARYLAND CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE MARYLAND SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE MARYLAND SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $408,100 IS ALLOCATED TO THE STATE OF MARYLAND) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (27 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 12/10/2003 Initiated By: DISTRICT OF COLUMBIA DEPARTMENT OF INSURANCE AND SECURITES REGULATION Date initiated: 11/19/2003 Docket/ Case Number: SEC. CO 03-08 Allegations: APPLICANT ACTED IN VIOLATION OF SECTION 31-5602.07(A)(9) OF THE D.C. SECURITIES ACT OF 2000 IN ISSUING RESEARCH REPORTS. THE APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED BY SECTION 31-5602.07(A)(12). Current Status: Final Resolution: Consent Resolution Date: 11/19/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $250,000.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTIONS 31-5602(A)(9) AND 31-5602(A)(12) OF THE D.C. SECURITIES ACT OF 2000. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE SECTIONS 31-5602(A)(9) AND 31-5602(A)(12) OF THE D.C. SECURITIES ACT OF 2000 IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE DISTRICT OF COLUMBIA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE DISTRICT OF COLUMBIA DEPARTMENT NASD BrokerCheck October 14, 2005 Page 33 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) OF INSURANCE AND SECURITIES REGULATION CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE SECTIONS 31-5602(A)(9) AND 31-5602(A)(12) OF THE D.C. SECURITIES ACT OF 2000. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE SECTIONS 31-5602(A)(9) AND 31-5602(A)(12) OF THE D.C. SECURITIES ACT OF 2000 IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE DISTRICT OF COLUMBIA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (28 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 11/07/2003 Initiated By: WISCONSIN DEPARTMENT OF FINANCIAL INSTITUTIONS, DIVISION OF SECURITIES Date initiated: 10/09/2003 Docket/ Case Number: NO. S-03108(EX) Allegations: APPLICANT ACTED IN VIOLATION OF SECTION 551.34(1)(G) OF THE WISCONSIN UNIFORM SECURITIES LAW IN ISSUING RESEARCH REPORTS. THE APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED BY SECTION 551.34(1)(J) OF THE WISCONSIN UNIFORM SECURITIES LAW. Current Status: Final Resolution: Consent Resolution Date: 10/09/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $413,277.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE WISCONSIN UNIFORM SECURITIES LAW. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE WISCONSIN UNIFORM SECURITIES LAW IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $413,277 IS ALLOCATED TO THE STATE OF WISCONSIN) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE WISCONSIN DEPARTMENT OF FINANCIAL INSTITUTIONS, DIVISION OF SECURITIES CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD BrokerCheck October 14, 2005 Page 34 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE WISCONSIN UNIFORM SECURITIES LAW. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE WISCONSIN UNIFORM SECURITIES LAW IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $413,277 IS ALLOCATED TO THE STATE OF WISCONSIN) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (29 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 11/07/2003 Initiated By: MASSACHUSETTS SECURITIES DIVISION Date initiated: 10/08/2003 Docket/ Case Number: N/A Allegations: APPLICANT ACTED IN VIOLATION SECTION 204(A)(2)(G) OF THE MASSACHUSETTS UNIFORM SECURITIES ACT IN ISSUING RESEARCH REPORTS. THE APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED BY SECTION 204(A)(2)(J) OF THE MASSACHUSETTS UNIFORM SECURITIES ACT. Current Status: Final Resolution: Consent Resolution Date: 10/08/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $489,205.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTIONS 204(A)(2)(G) AND (J) OF THE MASSACHUSETTS UNIFORM SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH SECTIONS 204(A)(2)(G) AND (J) OF THE MASSACHUSETTS UNIFORM SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $489,205 IS ALLOCATED TO THE COMMONWEALTH OF MASSACHUSETTS) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE MASSACHUSETTS SECURITIES DIVISION CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN NASD BrokerCheck October 14, 2005 Page 35 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTIONS 204(A)(2)(G) AND (J) OF THE MASSACHUSETTS UNIFORM SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH SECTIONS 204(A)(2)(G) AND (J) OF THE MASSACHUSETTS UNIFORM SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $489,205 IS ALLOCATED TO THE COMMONWEALTH OF MASSACHUSETTS) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (30 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 11/07/2003 Initiated By: KANSAS SECURITIES COMMISSIONER Date initiated: 10/09/2003 Docket/ Case Number: NO. 2003E051 Allegations: APPLICANT ACTED IN VIOLATION OF SECTION17-1254(M)(7) OF THE KANSAS SECURITIES ACT IN ISSUING RESEARCH REPORTS. THE APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES OF RESEARCH AS REQUIRED BY SECTION 17-1254(M)(12) OF THE KANSAS SECURITIES ACT. Current Status: Final Resolution: Consent Resolution Date: 10/09/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $250,000.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTIONS 17-1254(M)(7) AND (12) OF THE KANSAS SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH SECTIONS 17-1254(M)(7) AND (12) OF THE KANSAS SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF KANSAS) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE KANSAS SECURITIES COMMISSIONER CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTIONS 17-1254(M)(7) AND (12) OF THE KANSAS SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO NASD BrokerCheck October 14, 2005 Page 36 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) COMPLY WITH SECTIONS 17-1254(M)(7) AND (12) OF THE KANSAS SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF KANSAS) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (31 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 11/07/2003 Initiated By: INDIANA OFFICE OF THE SECRETARY OF STATE, SECURITIES DIVISION Date initiated: 10/08/2003 Docket/ Case Number: NO. 03-0069 CO Allegations: APPLICANT ACTED IN VIOLATION OF SECTION 23-2-1-11(A)(6) OF THE INDIANA SECURITIES ACT AND OF THE 710 INDIANA ADMINISTRATIVE CODE 1-17-1(W) IN ISSUING RESEARCH REPORTS. THE APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED UNDER SECTION 23-2-1-11(A)(4) OF THE INDIANA SECURITIES ACT AND OF THE 710 INDIANA ADMINISTRATIVE CODE 1-17-1(V). Current Status: Final Resolution: Consent Resolution Date: 10/08/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $468,508.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE INDIANA SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE INDIANA SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $468,508 IS ALLOCATED TO THE STATE OF INDIANA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE INDIANA SECURITIES COMMISSIONER CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE INDIANA SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE INDIANA SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $468,508 IS ALLOCATED TO THE STATE OF INDIANA) INCLUDING $25,000,000 AS A NASD BrokerCheck October 14, 2005 Page 37 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (32 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 10/28/2003 Initiated By: ALASKA DIVISION OF BANKING, SECURITIES AND CORPORATIONS Date initiated: 09/29/2003 Docket/ Case Number: NO. 04-07 S Allegations: APPLICANT ACTED IN VIOLATION OF SECTION 45.55.060(A)(7) OF THE ALASKA SECURITIES ACT IN ISSUING RESEARCH REPORTS. APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED BY SECTION 45.55.060(B)(1) OF THE ALASKA SECURITIES ACT. Current Status: Final Resolution: Consent Resolution Date: 09/29/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $250,000.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTIONS 45.55.060(A)(7) AND 45.55.060(B)(1) OF THE ALASKA SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH SECTIONS 45.55.060(A)(7) AND 45.55.060(B)(1) OF THE ALASKA SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF ALASKA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE ALASKA DIVISION OF BANKING, SECURITIES AND CORPORATIONS CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTIONS 45.55.060(A)(7) AND 45.55.060(B)(1) OF THE ALASKA SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH SECTIONS 45.55.060(A)(7) AND 45.55.060(B)(1) OF THE ALASKA SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF ALASKA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. NASD BrokerCheck October 14, 2005 Page 38 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) ****** REGULATORY ACTION (33 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 10/28/2003 Initiated By: COMMISSIONER OF COMMERCE AND INSURANCE OF THE STATE OF TENNESSEE Date initiated: 09/29/2003 Docket/ Case Number: FILE NO. 03-010 Allegations: APPLICANT ACTED IN VIOLATION OF SECTION 48-2-112(A)(2)(G) OF THE TENNESSEE SECURITIES ACT IN ISSUING RESEARCH REPORTS. APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED BY SECTION 48-2-112(A)(2)(J) OF THE TENNESSEE SECURITIES ACT. Current Status: Final Resolution: Consent Resolution Date: 09/29/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $438,366.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTIONS 48-2-112(A)(2)(G) AND 48-2-112(A)(2)(J) OF THE TENNESSEE SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH SECTIONS 48-2-112(A)(2)(G) AND 48-2-112(A)(2)(J) OF THE TENNESSEE SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $438,366 IS ALLOCATED TO THE STATE OF TENNESSEE) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE COMMISSIONER OF COMMERCE AND INSURANCE OF THE STATE OF TENNESSEE CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE SECTIONS 48-2-112(A)(2)(G) AND 48-2-112(A)(2)(J) OF THE TENNESSEE SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE SECTIONS 48-2-112(A)(2)(G) AND 48-2-112(A)(2)(J) OF THE TENNESSEE SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $438,366 IS ALLOCATED TO THE STATE OF TENNESSEE) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (34 of 302) ****** Reporting Source: Brokerage Firm (Form BD) NASD BrokerCheck October 14, 2005 Page 39 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date Reported: 10/28/2003 Initiated By: STATE OF COLORADO SECURITIES COMMISSIONER Date initiated: 09/18/2003 Docket/ Case Number: ORDER NO. 04-L-11 Allegations: APPLICANT ACTED IN VIOLATION OF SECTION 11-51-410(1)(G) OF THE COLORADO SECURITIES ACT IN ISSUING RESEARCH REPORTS. APPLICANT FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED UNDER SECTION 11-51-*-410(1)(I). Current Status: Final Resolution: Consent Resolution Date: 09/18/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution Monetary Amount: $333,417.00 Resolution Details: ORDER PROVIDING THAT APPLICANT IS PROHIBITED FROM FUTURE VIOLATIONS OF THE COLORADO SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE COLORADO SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $331,417 IS ALLOCATED TO THE STATE OF COLORADO) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE COLORADO SECURITIES COMMISSIONER CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT IS PROHIBITED FROM FUTURE VIOLATIONS OF THE COLORADO SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE COLORADO SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $331,417 IS ALLOCATED TO THE STATE OF COLORADO) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (35 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 10/22/2003 Initiated By: NASD Date initiated: 10/14/2003 Docket/ Case Number: CMS030238 NASD BrokerCheck October 14, 2005 Page 40 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Allegations: NASD CONDUCT RULE 2110 AND 3010 - RESPONDENT MEMBER'S SUPERVISORY SYSTEM DID NOT PROVIDE FOR SUPERVISION REASONABLY DESIGNED TO ACHIEVE COMPLIANCE WITH RESPECT TO SHORT SALES TRANSACTIONS REPORTED TO ACT ON ITS BEHALF. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 10/14/2003 Sanctions Ordered: Monetary/Fine Monetary Amount: $5,000.00 Other Sanctions: UNDERTAKING - REVISE ITS WRITTEN SUPERVISORY PROCEDURES WITH RESPECT TO SHORT SALES TRANSACTIONS REPORTED TO ACT. Resolution Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, THE RESPONDENT MEMBER CONSENTED TO THE FINDING OF THE ALLEGATIONS AND TO THE FOLLOWING SANCTIONS: FINED $5,000.00. Summary: *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 11/07/2003 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS INC. Date initiated: 10/14/2003 Docket/ Case Number: CMS030238 Allegations: NASD CONDUCT RULE 2110 AND 3010 - RESPONDENT MEMBER'S SUPERVISORY SYSTEM DID NOT PROVIDE FOR SUPERVISION REASONABLY DESIGNED TO ACHIEVE COMPLIANCE WITH RESPECT TO SHORT SALES TRANSACTIONS REPORTED TO AUTOMATED CONFIRMATION TRANSACTION SERVICE ("ACT") ON ITS BEHALF. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 10/14/2003 Sanctions Ordered: Monetary/Fine Monetary Amount: $5,000.00 Other Sanctions: UNDERTAKING - REVISE ITS WRITTEN SUPERVISORY PROCEDURES WITH RESPECT TO SHORT SALES TRANSACTIONS REPORTED TO ACT. Resolution Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, THE RESPONDENT MEMBER CONSENTED TO THE FINDING OF THE ALLEGATIONS AND TO THE FOLLOWING SANCTIONS: FINED $5,000. Summary: MEMBER'S SUPERVISORY SYSTEM DID NOT PROVIDE FOR SUPERVISION REASONABLY DESIGNED TO ACHIEVE COMPLIANCE WITH RESPECT TO SHORT SALES TRANSACTIONS REPORTED TO ACT ON ITS BEHALF. WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, THE RESPONDENT MEMBER CONSENTED TO THE FINDING OF THE ALLEGATIONS AND TO THE FOLLOWING SANCTIONS: FINED $5,000. ****** REGULATORY ACTION (36 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 10/14/2003 Initiated By: NEW JERSEY BUREAU OF SECURITIES Date initiated: 09/08/2003 Docket/ Case Number: UNKNOWN Allegations: APPLICANT ACTED IN VIOLATION SECTION 49:3-58(A)(2)(VII) OF THE NASD BrokerCheck October 14, 2005 Page 41 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) NEW JERSEY UNIFORM SECURITIES LAW IN ISSUING RESEARCH REPORTS. APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES IN RESEARCH AS REQUIRED BY SECTION 49:3-58(A)(2)(XI) OF THE NEW JERSEY UNIFORM SECURITIES LAW. Current Status: Final Resolution: Consent Resolution Date: 09/08/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $648,335.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE NEW JERSEY UNIFORM SECURITIES LAW. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE NEW JERSEY UNIFORM SECURITIES LAW IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $648,335 IS ALLOCATED TO THE STATE OF NEW JERSEY) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE NEW JERSEY BUREAU OF SECURITIES CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE NEW JERSEY UNIFORM SECURITIES LAW. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE NEW JERSEY UNIFORM SECURITIES LAW IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC] MUST PAY A TOTAL OF $80,000,000 (OF WHICH $648,335 IS ALLOCATED TO THE STATE OF NEW JERSEY) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (37 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 11/07/2003 Initiated By: PUERTO RICO COMMISSIONER OF FINANCIAL INSTITUTIONS Date initiated: 09/29/2003 Docket/ Case Number: MATTER NO. C03V-009 Allegations: APPLICANT ACTED IN VIOLATION OF SECTION 204(A)(G) OF THE PUERTO RICO UNIFORM SECURITIES ACT AND SECTION 26.1 OF REGULATION 6078 PROMULGATED THEREUNDER IN ISSUING RESEARCH REPORTS. APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED UNDER SECTION 204(A)(J) OF THE PUERTO RICO UNIFORM SECURITIES ACT AND SECTIONS 25.4.4 AND 28.2 OF REGULATION 6078 PROMULGATED THEREUNDER. NASD BrokerCheck October 14, 2005 Page 42 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Current Status: Final Resolution: Consent Resolution Date: 09/29/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $293,457.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTION 204 OF THE PUERTO RICO UNIFORM SECURITIES ACT AND REGULATION 6078 PROMULGATED THEREUNDER. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH SECTION 204 OF THE PUERTO RICO UNIFORM SECURITIES ACT AND REGULATION 6078 PROMULGATED THEREUNDER IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $293,457 IS ALLOCATED TO THE COMMONWEALTH OF PUERTO RICO) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE COMMISSIONER OF FINANCIAL INSTITUTIONS OF PUERTO RICO CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE SECTION 204 OF THE PUERTO RICO UNIFORM SECURITIES ACT AND REGULATION 6078 PROMULGATED THEREUNDER. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE SECTION 204 OF THE PUERTO RICO UNIFORM SECURITIES ACT AND REGULATION 6078 PROMULGATED THEREUNDER IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $293,457 IS ALLOCATED TO THE COMMONWEALTH OF PUERTO RICO) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (38 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 01/05/2004 Initiated By: OREGON DIVISION OF FINANCE AND CORPORATE SECURITIES Date initiated: 07/24/2003 Docket/ Case Number: S-03-0032 Allegations: RESPONDENT ENGAGED IN UNETHICAL AND DISHONEST PRACTICES IN CONNECTION WITH THE OFFER AND SALE OF SECURITIES. RESPONDENT ALSO FAILED REASONABLY TO SUPERVISE THEIR EMPLOYEES. ALL ALLEGATIONS RELATED TO PRACTICES OF THE RESEARCH AND INVESTMENT BANKING SECTIONS OF THE RESPONDENT'S FIRM. Current Status: Final Resolution: Consent NASD BrokerCheck October 14, 2005 Page 43 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution Date: 09/29/2003 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $263,622.00 Resolution Details: NO PORTION OF PENALTY SUSPENDED Summary: RESEARCH ANALYSTS AT THE FIRM WERE SUBJECTED TO PRESSURES FROM THE INVESTMENT BANKING SECTION OF THE FIRM TO RATE THE STOCKS FAVORABLY SO AS TO GAIN THE INVESTMENT BANKING BUSINESS OF THE FIRMS ISSUING THE STOCKS. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 10/08/2003 Initiated By: OREGON DEPARTMENT OF CONSUMER AND BUSINESS SERVICES Date initiated: 09/29/2003 Docket/ Case Number: S-03-0032 Allegations: APPLICANT ACTED IN VIOLATION OF SECTION 59.205(2) OF THE OREGON SECURITIES LAW IN ISSUING RESEARCH REPORTS. APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED BY SECTION 59.205(13) OF THE OREGON SECURITIES LAW. Current Status: Final Resolution: Consent Resolution Date: 09/29/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $263,622.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING OREGON SECURITIES LAW. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH OREGON SECURITIES LAW IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $263,622 IS ALLOCATED TO THE STATE OF OREGON) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE OREGON DEPARTMENT OF CONSUMER AND BUSINESS SERVICES CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING OREGON SECURITIES LAW. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH OREGON SECURITIES LAW IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $263,622 IS ALLOCATED TO THE STATE OF OREGON) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 NASD BrokerCheck October 14, 2005 Page 44 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (39 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 10/08/2003 Initiated By: WASHINGTON STATE SECURITIES DIVISION Date initiated: 09/22/2003 Docket/ Case Number: S-03-087-03-CO01/ CASE NO. S-03-087 Allegations: APPLICANT ACTED IN VIOLATION OF SECTION 21.20.110(1)(G) OF THE SECURITIES ACT OF WASHINGTON IN ISSUING RESEARCH REPORTS. APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED BY SECTION 21.20.110(1)(J) OF THE SECURITIES ACT OF WASHINGTON. Current Status: Final Resolution: Consent Resolution Date: 09/22/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $454,149.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE SECURITIES ACT OF WASHINGTON. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE SECURITIES ACT OF WASHINGTON IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $454,149 IS ALLOCATED TO THE STATE OF WASHINGTON) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE WASHINGTON STATE SECURITIES DIVISION CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE SECURITIES ACT OF WASHINGTON. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE SECURITIES ACT OF WASHINGTON IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $454,149 IS ALLOCATED TO THE STATE OF WASHINGTON) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (40 of 302) ****** Reporting Source: Brokerage Firm (Form BD) NASD BrokerCheck October 14, 2005 Page 45 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date Reported: 10/08/2003 Initiated By: VERMONT DEPARTMENT OF BANKING, INSURANCE, SECURITIES AND HEALTH CARE Date initiated: 09/23/2003 Docket/ Case Number: 03-064-S Allegations: APPLICANT ACTED IN VIOLATION OF SECTION 4221A(A)(8) OF THE VERMONT SECURITIES ACT IN ISSUING RESEARCH REPORTS. APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED BY SECTION 4221A(A)(11) OF THE VERMONT SECURITIES ACT. Current Status: Final Resolution: Consent Resolution Date: 09/23/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $250,000.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTIONS 4221A(A)(8) AND 4221A(A)(11) OF THE VERMONT SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH SECTIONS 4221A(A)(8) AND 4221A(A)(11) OF THE VERMONT SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF VERMONT) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE VERMONT DEPARTMENT OF BANKING, INSURANCE, SECURITIES AND HEALTH CARE CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTIONS 4221A(A)(8) AND 4221A(A)(11) OF THE VERMONT SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH SECTIONS 4221A(A)(8) AND 4221A(A)(11) OF THE VERMONT SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF VERMONT) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (41 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 10/08/2003 Initiated By: STATE OF RHODE ISLAND DEPARTMENT OF BUSINESS NASD BrokerCheck October 14, 2005 Page 46 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date initiated: 09/22/2003 Docket/ Case Number: UNKNOWN Allegations: APPLICANT ACTED IN VIOLATION OF SECTION7-11-212(B)(8) OF THE RHODE ISLAND UNIFORM SECURITIES ACT IN ISSUING RESEARCH REPORTS. APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED BY SECTION 7-11-212(B)(11) OF THE RHODE ISLAND UNIFORM SECURITIES ACT. Current Status: Final Resolution: Consent Resolution Date: 09/22/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $250,000.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE RHODE ISLAND UNIFORM SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE RHODE ISLAND UNIFORM SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF RHODE ISLAND) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE RHODE ISLAND DEPARTMENT OF BUSINESS REGULATION CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE RHODE ISLAND UNIFORM SECURITIES ACT OF 1990 SECTION 7-11-101 ET SEQ. OF THE RHODE ISLAND GENERAL LAWS, 1989, AS AMENDED. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE RHODE ISLAND UNIFORM SECURITIES ACT OF 1990 SECTION 7-11-101 ET SEQ. OF THE RHODE ISLAND GENERAL LAWS, 1989, AS AMENDED IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF RHODE ISLAND) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (42 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 10/08/2003 Initiated By: MISSISSIPPI SECRETARY OF STATE, BUSINESS REGULATION AND ENFORCEMENT DIVISION Date initiated: 09/18/2003 Docket/ NASD BrokerCheck October 14, 2005 Page 47 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Case Number: NO. 02-11-06-S Allegations: APPLICANT ACTED IN VIOLATION OF SECTION 75-71-321(A)(F) OF THE MISSISSIPPI SECURITIES ACT IN CONNECTION WITH ISSUING RESEARCH REPORTS. APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED UNDER SECTION 75-71-321(B)(A) OF THE MISSISSIPPI SECURITIES ACT. Current Status: Final Resolution: Consent Resolution Date: 09/18/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $250,000.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE MISSISSIPPI SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE MISSISSIPPI SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF MISSISSIPPI) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE SECRETARY OF STATE OF MISSISSIPPI CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS FINANCIAL SERVICES INC. UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE MISSISSIPPI SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE MISSISSIPPI SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF MISSISSIPPI) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (43 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 10/08/2003 Initiated By: STATE OF MICHIGAN OFFICE OF FINANCIAL AND INSURANCE SERVICES Date initiated: 09/11/2003 Docket/ Case Number: UNKNOWN Allegations: APPLICANT ACTED IN VIOLATION OF SECTION 451.604(A)(1)(G) OF THE MICHIGAN UNIFORM SECURITIES ACT IN ISSUING RESEARCH REPORTS. APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED BY SECTION 451.604(A)(2) OF THE MICHIGAN UNIFORM SECURITIES ACT. NASD BrokerCheck October 14, 2005 Page 48 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Current Status: Final Resolution: Consent Resolution Date: 09/11/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $765,768.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTIONS 451.04(A)(1)(G) AND 451.604(A)(2) OF THE MICHIGAN UNIFORM SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH SECTIONS 451.04(A)(1)(G) AND 451.604(A)(2) OF THE MICHIGAN UNIFORM SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $765,768 IS ALLOCATED TO THE STATE OF MICHIGAN) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE COMMISSIONER OF THE MICHIGAN OFFICE OF FINANCIAL AND INSURANCE SERVICES CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTIONS 451.04(A)(1)(G) AND 451.604(A)(2) OF THE MICHIGAN UNIFORM SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH SECTIONS 451.04(A)(1)(G) AND 451.604(A)(2) OF THE MICHIGAN UNIFORM SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $765,768 IS ALLOCATED TO THE STATE OF MICHIGAN) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (44 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 10/08/2003 Initiated By: GEORGIA SECRETARY OF STATE COMMISSIONER OF SECURITIES Date initiated: 09/25/2003 Docket/ Case Number: CASE NO. EN-19520 Allegations: APPLICANT ACTED IN VIOLATION OF SECTIONS 10-5-4(A)(8) AND 10-5-12(A)(1) OF THE GEORGIA SECURITIES ACT OF 1973 AND RULE 590-4-2-.14(1) PROMULGATED THEREUNDER IN ISSUING RESEARCH REPORTS. APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES AS REQUIRED BY SECTIONS 10-5-4(A)(11) AND 10-5-12(A)(1) OF THE GEORGIA SECURITIES ACT OF 1973 AND RULE 590-4-.08(1) PROMULGATED THEREUNDER. Current Status: Final NASD BrokerCheck October 14, 2005 Page 49 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution: Consent Resolution Date: 09/25/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $630,775.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTIONS 10-5-4(A)(8) AND (11) AND 10-5-12(A)(1) OF THE GEORGIA SECURITIES ACT OF 1973 AND RULES 590-4-2-.08(1) AND 590-4-2-.14(1) PROMULGATED THEREUNDER. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE GEORGIA SECURITIES ACT OF 1973 AND THE RULES PROMULGATED THEREUNDER IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $630,775 IS ALLOCATED TO THE STATE OF GEORGIA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE COMMISSIONER OF SECURITIES OF THE STATE OF GEORGIA CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE GEORGIA SECURITIES ACT OF 1973 AND THE RULES PROMULGATED THEREUNDER. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE GEORGIA SECURITIES ACT OF 1973 AND THE RULES PROMULGATED THEREUNDER IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $630,775 IS ALLOCATED TO THE STATE OF GEORGIA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (45 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 10/22/2003 Initiated By: FLORIDA Date initiated: 09/19/2003 Docket/ Case Number: 0044-S-6/03 Allegations: THE OFFICE FINDS THE FIRM VIOLATED SECTION 517.161(1)(A), FLORIDA STATUTES, AND RULE 3E-600.013(1)(P) BY ENGAGING IN THE ACTS AND PRACTICES THAT CREATED OR MAINTAINED INAPPROPRIATE INFLUENCE BY THE INVESTMENT BANKING DEPARTMENT OVER RESEARCH ANALYSTS AND FAILING TO MANAGE THESE CONFLICTS IN AN ADEQUATE OR APPROPRIATE MANNER. FAILING TO ESTABLISH AND MAINTAIN SUPERVISORY PROCEDURES TO DETECT AND PREVENT THE INVESTMENT BANKING INFLUENCES. ISSUING REPORTS THAT WERE AFFECTED BY CONFLICTS OF INTEREST THAT WERE IMPOSED ON ITS RESEARCH ANALYSTS. MAKING PAYMENTS FOR RESERACH TO OTHER BROKER DEALERS NOT INVOLVED IN UNDERWRITING TRANSACTIONS. RECEIVING PAYMENTS IN CONJUCTION WITH UNDERWRITING TRANSACTIONS FROM OUTSIDE ENTITIES FOR RESEARCH ISSUED WITHOUT DISCLOSING NASD BrokerCheck October 14, 2005 Page 50 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) RECEIPT OF THOSE PAYMENTS TO THE PUUBLIC. Current Status: Final Resolution: Order Resolution Date: 09/19/2003 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $1,231,461.00 Resolution Details: NA Summary: THE OFFICE FINDS THE FIRM VIOLATED SECTION 517.161(1)(A), FLORIDA STATUTES, AND RULE 3E-600.013(1)(P) BY ENGAGING IN THE ACTS AND PRACTICES THAT CREATED OR MAINTAINED INAPPROPRIATE INFLUENCE BY THE INVESTMENT BANKING DEPARTMENT OVER RESEARCH ANALYSTS AND FAILING TO MANAGE THESE CONFLICTS IN AN ADEQUATE OR APPROPRIATE MANNER. FAILING TO ESTABLISH AND MAINTAIN SUPERVISORY PROCEDURES TO DETECT AND PREVENT THE INVESTMENT BANKING INFLUENCES. ISSUING REPORTS THAT WERE AFFECTED BY CONFLICTS OF INTEREST THAT WERE IMPOSED ON ITS RESEARCH ANALYSTS. MAKING PAYMENTS FOR RESERACH TO OTHER BROKER DEALERS NOT INVOLVED IN UNDERWRITING TRANSACTIONS. RECEIVING PAYMENTS IN CONJUCTION WITH UNDERWRITING TRANSACTIONS FROM OUTSIDE ENTITIES FOR RESEARCH ISSUED WITHOUT DISCLOSING RECEIPT OF THOSE PAYMENTS TO THE PUUBLIC. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 10/08/2003 Initiated By: FLORIDA OFFICE OF FINANCIAL REGISTRATION Date initiated: 09/19/2003 Docket/ Case Number: ORDER NO. 0044-S-6/03 Allegations: APPLICANT ACTED IN VIOLATION OF SECTION 517.161(1)(A) OF THE SECURITIES AND INVESTOR PROTECTION ACT AND RULE 3E-600.013(1)(P)IN ISSUING RESEARCH REPORTS. Current Status: Final Resolution: Consent Resolution Date: 09/19/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $1,231,461.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTION 517.161(1)(A) OF THE FLORIDA SECURITIES AND INVESTOR PROTECTION ACT AND RULE 3E-600.013(1)(P) OF THE FLORIDA ADMINISTRATIVE CODE PROMULGATED THEREUNDER. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE SECTION 517.161(1)(A) OF THE FLORIDA SECURITIES AND INVESTOR PROTECTION ACT AND RULE 3E-600.013(1)(P) OF THE FLORIDA ADMINISTRATIVE CODE PROMULGATED THEREUNDER IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $1,231,461 IS ALLOCATED TO THE STATE OF FLORIDA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE STATE OF FL OFFICE OF FINANCIAL REGULATION CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF NASD BrokerCheck October 14, 2005 Page 51 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) THESE PAYMENTS -$25 MILLION? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE SECTION 517.161(1)(A) OF THE FLORIDA SECURITIES AND INVESTOR PROTECTION ACT AND RULE 3E-600.013(1)(P) OF THE FLORIDA ADMINISTRATIVE CODE PROMULGATED THEREUNDER. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE SECTION 517.161(1)(A) OF THE FLORIDA SECURITIES AND INVESTOR PROTECTION ACT AND RULE 3E-600.013(1)(P) OF THE FLORIDA ADMINISTRATIVE CODE PROMULGATED THEREUNDER IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $1,231,461 IS ALLOCATED TO THE STATE OF FLORIDA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (46 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 10/01/2003 Initiated By: WYOMING SECRETARY OF STATE AND THE WYOMING ATTORNEY GENERAL Date initiated: 09/09/2003 Docket/ Case Number: 02-14 Allegations: APPLICANT ACTED IN VIOLATION OF SECTION 17-4-106(A)(II)(G) OF THE WYOMING SECURITIES ACT IN ISSUING RESEARCH REPORTS. APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED UNDER SECTION 17-4-106(B)(II)(A) OF THE WYOMING SECURITIES ACT. Current Status: Final Resolution: Consent Resolution Date: 09/09/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $250,000.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTIONS 17-4-106(A)(II)(G) AND 17-4-106(B)(II)(A) OF THE WYOMING SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH SECTIONS 17-4-106(A)(II)(G) AND 17-4-106(B)(II)(A) OF THE WYOMING SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO STATE OF WYOMING GENERAL FUND) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE WYOMING SECRETARY OF STATE AND THE WYOMING ATTORNEY GENERAL CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR NASD BrokerCheck October 14, 2005 Page 52 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTIONS 17-4-106(A)(II)(G) AND 17-4-106(B)(II)(A) OF THE WYOMING SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH SECTIONS 17-4-106(A)(II)(G) AND 17-4-106(B)(II)(A) OF THE WYOMING SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO STATE OF WYOMING GENERAL FUND) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (47 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 10/01/2003 Initiated By: HAWAII COMMISSIONER OF SECURITIES Date initiated: 09/10/2003 Docket/ Case Number: SEU2002-049 Allegations: APPLICANT ACTED IN VIOLATION OF SECTION 485-15(7) OF THE HAWAII UNIFORM SECURITIES ACT IN ISSUING RESEARCH REPORTS. APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED UNDER SECTION 485-15(10). Current Status: Final Resolution: Consent Resolution Date: 09/10/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $250,000.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTIONS 485-15(7) AND 485-15(10) OF THE HAWAII UNIFORM SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE HAWAII UNIFORM SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF HAWAII) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE STATE OF HAWAII DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTIONS 485-15(7) AND 485-15(10) OF THE HAWAII UNIFORM SECURITIES ACT. IN ADDITION THE APPLICANT WAS NASD BrokerCheck October 14, 2005 Page 53 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) ORDERED TO COMPLY WITH THE HAWAII UNIFORM SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE STATE OF HAWAII) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (48 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 10/01/2003 Initiated By: SECURITIES COMMISSIONER OF THE STATE OF DELAWARE Date initiated: 09/11/2003 Docket/ Case Number: C.A. NO. 03-6-2 Allegations: APPLICANT VIOLATED SECTION 7316(A)(7) OF THE DELAWARE SECURITIES ACT IN ISSUING RESEARCH REPORTS. APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED UNDER SECTION 7316(A)(10) OF THE DELAWARE SECURITIES ACT. Current Status: Final Resolution: Consent Resolution Date: 09/11/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $250,000.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE DELAWARE SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE DELAWARE SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE SECURITIES COMMISSIONER OF THE STATE OF DELAWARE) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE SECURITIES COMMISSIONER OF THE STATE OF DELAWARE CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE DELAWARE SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE DELAWARE SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE SECURITIES COMMISSIONER OF THE STATE OF DELAWARE) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS NASD BrokerCheck October 14, 2005 Page 54 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (49 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 09/30/2003 Initiated By: NASD Date initiated: 09/19/2003 Docket/ Case Number: CMS030220 Allegations: NASD CONDUCT RULE 2110 AND NASD MARKETPLACE RULE 6955(A) - THE RESPONDENT MEMBER ("FIRM") FAILED TO PROVIDE THE ROUTING FIRM NEW ORDER REPORTS SUBMITTED BY FIRM FOR WHOLESALE ORDERS RECEIVED ELECTRONICALLY FROM ANOTHER REPORTING MEMBER. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 09/19/2003 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $7,500.00 Resolution Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, RESPONDENT MEMBER CONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS; THEREFORE, THE FIRM IS CENSURED AND FINED $7,500. Summary: *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 10/08/2003 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS INC. Date initiated: 09/19/2003 Docket/ Case Number: CMS 030220 Allegations: NASD CONDUCT RULE 2110 AND NASD MARKETPLACE RULE 6955(A) - THE RESPONDENT MEMBER ("FIRM") FAILED TO PROVIDE THE ROUTING FIRM NEW ORDER REPORTS SUBMITTED BY FIRM FOR WHOLESALE ORDERS RECEIVED ELECTRONICALLY FROM ANOTHER REPORTING MEMBER. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 09/19/2003 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $7,500.00 Resolution Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, RESPONDENT MEMBER CONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS; THEREFORE, THE FIRM IS CENSURED AND FINED $7,500. Summary: THE NASD FOUND THAT UBS FINANCIAL SERVICES FAILED TO PROVIDE THE ROUTING FIRM NEW ORDER REPORTS SUBMITTED BY FIRM FOR WHOLESALE ORDERS RECEIVED ELECTRONICALLY FROM ANOTHER REPORTING MEMBER. THE FIRM WAS CENSURED AND FINED $7,500. ****** REGULATORY ACTION (50 of 302) ****** Reporting Source: Regulator (Form U-6) NASD BrokerCheck October 14, 2005 Page 55 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date Reported: 09/23/2003 Initiated By: TEXAS Date initiated: 09/17/2003 Docket/ Case Number: SSB DKT NO 03-38;ORDER NO CDO/FIN-1535 Allegations: THE SECURITIES COMMISSIONER FINDS THAT UBS PAINEWEBBER INC. AND UBS WARBURG LLC (COLLECTIVELY REFERRED TO AS THE FIRM)VIOLATED THE SECTION 14.A(3) OF THE TEXAS SECURITIES ACT RELATING TO INEQUITABLE PRACTICES IN THE SALE OF SECURITIES AND SECTION 115.10 OF THE RULES & REGULATIONS OF THE TEXAS STATE SECURITIES BOARD BY 1) ENGAGING IN ACTS & PRACTICES THAT CREATED OR MAINTAINED INAPPROPRIATE INFLUENCE BY THE INVESTMENT BANKING DEPT OVER RESEARCH ANALYSTS, THEREFORE IMPOSING CONFLICTS OF INTEREST ON ITS RESEARCH ANALYSTS AND FAILING TO MANAGE THESE CONFLICTS IN AN ADEQUATE OR APPROPRIATE MANNER, 2) ISSUING RESEARCH REPORTS THAT WERE AFFECTED BY THE CONFLICTS OF INTEREST IMPOSED ON ITS RESEARCH ANALYSTS AS DESCRIBED ABOVE, 3) MAKING PAYMENTS FOR RESEARCH TO OTHER BROKER-DEALERS NOT INVOLVED IN UNDERWRITING TRANSACTIONS WHEN THE FIRM KNEW THAT THESE PAYMENTS WERE MADE, AT LEAST IN PART, FOR RESEARCH COVERAGE, AND BY FAILING TO DISCLOSE OR CAUSE TO BE DISCLOSED IN OFFERING DOCUMENTS OR ELSEWHERE THE FACT OF SUCH PAYMENTS AND 4) RECEIVING PAYMENTS IN CONJUNCTION WITH UNDERWRITING TRANSACTIONS FROM OUTSIDE ENTITIES FOR RESEARCH ISSUED W/O DISCLOSING RECEIPT OF THOSE PAYMENTS TO THE PUBLIC AS REQUIRED BY SECTION 17(B) OF THE SECURITIES ACT OF 1933, AS AMENDED AND THE FIRM VIOLATED SECTION 115.10 OF THE BOARD RULES BY FAILING SUPERVISION AND CONTROL OF RESEARCH & INVESTMENT BANKING DEPTS REASONABLY DESIGNED TO DETECT AND PREVENT THE FOREGOING INVESTMENT BANKING INFLUENCES & MANAGE THE CONFLICTS OF INTEREST TO ASSURE COMPLIANCE WITH APPLICABLE SECURITIES LAWS AND REGULATIONS. Current Status: Final Resolution: Order Resolution Date: 09/17/2003 Sanctions Ordered: Monetary/Fine Monetary Amount: $1,606,657.00 Other Sanctions: CEASE & DESIST FROM VIOLATING THE TEXAS SECURITIES ACT AND COMPLYING WITH THE UNDERTAKINGS ATTACHED TO THE ORDER. Resolution Details: $1,606,657 WAS PAID CONTEMPORANEOUSLY WITH THE DELIVERY OF THE ORDER. Summary: *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 10/01/2003 Initiated By: TEXAS STATE SECURITIES BOARD Date initiated: 09/17/2003 Docket/ Case Number: DOCKET NO. 03-038,ORDER NO. CDO/FIN-1535 Allegations: APPLICANT ACTED IN VIOLATION OF SECTION 14.A(3) OF THE TEXAS SECURITIES ACT IN CONNECTION WITH ISSUING RESEARCH REPORTS. APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED UNDER SECTION 115.10 OF THE RULES AND REGULATIONS OF THE TEXAS STATE SECURITIES BOARD. Current Status: Final Resolution: Consent Resolution Date: 09/17/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction NASD BrokerCheck October 14, 2005 Page 56 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Monetary Amount: $1,606,657.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE TEXAS SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE TEXAS SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $1,606,657 IS ALLOCATED TO THE STATE OF TEXAS) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE TEXAS STATE SECURITIES BOARD CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE TEXAS SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE TEXAS SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $1,606,657 IS ALLOCATED TO THE STATE OF TEXAS) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (51 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 09/23/2003 Initiated By: ARKANSAS SECURITIES DEPARTMENT Date initiated: 08/14/2003 Docket/ Case Number: S-03-016-03-C007 Allegations: THE FIRM ENGAGED IN ACTS AND PRACTICES IN VIOLATION OF ARKANSAS SECURITIES ACT, SECTION 23-42-308(A)(2)(G) IN CONNECTION WITH ISSUING RESEARCH REPORTS. THE FIRM ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED UNDER SECTION 23-42-308(A)(2)(J). Current Status: Final Resolution: Consent Resolution Date: 08/14/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $250,000.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTIONS 23-42-308(A)(2)(G) AND (A)(2)(J) OF ARKANSAS SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE SECTIONS 23-42-308(A)(2)(G) AND (A)(2)(J) OF ARKANSAS SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN NASD BrokerCheck October 14, 2005 Page 57 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO THE ARKANSAS SECURITIES DEPARTMENT) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE ARKANSAS SECURITIES DEPARTMENT CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE SECTIONS 23-42-308(A)(2)(G) AND (A)(2)(J) OF ARKANSAS SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE SECTIONS 23-42-308(A)(2)(G) AND (A)(2)(J) OF ARKANSAS SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO ARKANSAS SECURITIES DEPARTMENT) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (52 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 11/13/2003 Initiated By: MAINE OFFICE OF SECURITIES Date initiated: 05/30/2002 Docket/ Case Number: 03-109 Allegations: THE FIRM ENGAGED IN UNETHICAL AND DISHONEST CONDUCT BY FAILING TO ENSURE THAT ANALYSTS WHO ISSUED RESEARCH WERE ADEQUATELY INSULATED FROM PRESSURES AND INFLUENCES OF COVERED COMPANIES AND INVESTMENT BANKING. THE FIRM ALSO FAILED TO REASONABLY SUPERVISE ITS EMPLOYEES IN CONNECTION WITH THE ISSUANCE OF RESEARCH. Current Status: Final Resolution: Order Resolution Date: 08/25/2003 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $250,000.00 Resolution Details: PENALTY OF $250,000 WAS PAID ON 8/25/2003. Summary: THE FIRM WAS ORDERED TO CEASE AND DESIST FROM VIOLATING THE RMSA IN CONNECTION WITH CERTAIN CONFLICTS OF INTEREST TO WHICH ITS RESEARCH ANALYSTS WERE SUBJECT AND TO IMPLEMENT CERTAIN CHANGES WITH RESPECT TO ITS RESEARCH AND BANKING PRACTICES. THE CONSENT ORDER WAS EXECUTED AS PART OF A GLOBAL SETTLEMENT OF COORDINATED INVESTIGATIONS ENTERED INTO BY FEDERAL AND STATE REGULATORS, AND SEVERAL LARGE BROKER-DEALERS WHO ENGAGED IN THE RESEARCH PRACTICES AT ISSUE. NASD BrokerCheck October 14, 2005 Page 58 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 09/23/2003 Initiated By: STATE OF MAINE DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION Date initiated: 08/25/2003 Docket/ Case Number: 03-109 Allegations: APPLICANT ACTED IN VIOLATION OF THE REVISED MAINE SECURITIES ACT, 32 M.R.S.A. SECTION 10313(1)(G) IN CONNECTION WITH ISSUING RESEARCH REPORTS. APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES AS REQUIRED UNDER 32 M.R.S.A. SECTION 10313(1)(J). Current Status: Final Resolution: Consent Resolution Date: 08/25/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $250,000.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE SECTIONS 10313(1)(G) AND 10313(1)(J) OF THE REVISED MAINE SECURITIES ACT, 32 M.R.S.A. SECTIONS 10101 ? 10713. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE SECTIONS 10313(1)(G) AND 10313(1)(J) OF THE REVISED MAINE SECURITIES ACT, 32 M.R.S.A. SECTIONS 10101 ? 10713 IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SERVICES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO STATE OF MAINE OFFICE OF SECURITIES) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE STATE OF MAINE DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SERVICES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE SECTIONS 10313(1)(G) AND 10313(1)(J) OF THE REVISED MAINE SECURITIES ACT, 32 M.R.S.A. SECTIONS 10101 ? 10713. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE SECTIONS 10313(1)(G) AND 10313(1)(J) OF THE REVISED MAINE SECURITIES ACT, 32 M.R.S.A. SECTIONS 10101 ? 10713 IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SERVICES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO STATE OF MAINE OFFICE OF SECURITIES) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (53 of 302) ****** Reporting Source: Brokerage Firm (Form BD) NASD BrokerCheck October 14, 2005 Page 59 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date Reported: 09/23/2003 Initiated By: DEPARTMENT OF FINANCE OF THE STATE OF IDAHO Date initiated: 08/22/2003 Docket/ Case Number: 2003-7-19 Allegations: APPLICANT ACTED IN VIOLATION OF SECTION 30-1413(7) OF THE IDAHO SECURITIES ACT IN CONNECTION WITH ISSUING RESEARCH REPORTS. THE APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED UNDER SECTION 12.01.08.119 OF THE IDAHO ADMINISTRATIVE PROCEDURES ACT. Current Status: Final Resolution: Consent Resolution Date: 08/22/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $250,000.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTION 30-1413(7) OF THE IDAHO SECURITIES ACT AND SECTION 12.01.08.119 OF THE IDAHO ADMINISTRATIVE PROCEDURES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE SECTION 30-1413(7) OF THE IDAHO SECURITIES ACT AND SECTION 12.01.08.119 OF THE IDAHO ADMINISTRATIVE PROCEDURES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SERVICES LLC. MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO IDAHO) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION Summary: APPLICANT HAS SETTLED WITH THE DEPARTMENT OF FINANCE OF THE STATE OF IDAHO CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SERVICES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE SECTION 30-1413(7) OF THE IDAHO SECURITIES ACT AND SECTION 12.01.08.119 OF THE IDAHO ADMINISTRATIVE PROCEDURES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE SECTION 30-1413(7) OF THE IDAHO SECURITIES ACT AND SECTION 12.01.08.119 OF THE IDAHO ADMINISTRATIVE PROCEDURES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SERVICES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $250,000 IS ALLOCATED TO IDAHO) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (54 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 09/23/2003 Initiated By: KENTUCKY DEPARTMENT OF FINANCIAL INSTITUTIONS NASD BrokerCheck October 14, 2005 Page 60 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date initiated: 08/21/2003 Docket/ Case Number: Allegations: APPLICANT ACTED IN VIOLATION OF SECTION 292.330(13)(A)7 OF THE SECURITIES ACT OF KENTUCKY IN CONNECTION WITH ISSUING RESEARCH REPORTS. APPLICANT ALSO FAILED TO ESTABLISH AND MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED UNDER SECTION 292.330(13)(A)9A OF THE SECURITIES ACT OF KENTUCKY. Current Status: Final Resolution: Consent Resolution Date: 08/21/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $311,423.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING SECTIONS 292.330(13)(A)7 AND 292.330(13)(A)9A OF THE SECURITIES ACT OF KENTUCKY. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE SECTIONS 292.330(13)(A)7 AND 292.330(13)(A)9A OF THE SECURITIES ACT OF KENTUCKY IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $311,423 IS ALLOCATED TO THE KENTUCKY DEPARTMENT OF FINANCIAL INSTITUTIONS) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE KENTUCKY DEPARTMENT OF FINANCIAL INSTITUTIONS CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SERVICES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE SECTIONS 292.330(13)(A)7 AND 292.330(13)(A)9A OF THE SECURITIES ACT OF KENTUCKY. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE SECTIONS 292.330(13)(A)7 AND 292.330(13)(A)9A OF THE SECURITIES ACT OF KENTUCKY IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SERVICES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $311,423 IS ALLOCATED TO KENTUCKY DEPARTMENT OF FINANCIAL INSTITUTIONS) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (55 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 09/23/2003 Initiated By: ATTORNEY GENERAL OF THE STATE OF NEW YORK BUREAU OF INVESTMENT PROTECTION Date initiated: 08/21/2003 Docket/ NASD BrokerCheck October 14, 2005 Page 61 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Case Number: Allegations: APPLICANT ACTED IN VIOLATION OF THE MARTIN ACT (ARTICLE 23-A OF THE GENERAL BUSINESS LAW) IN CONNECTION WITH ISSUING RESEARCH REPORTS. Current Status: Final Resolution: Other Resolution Date: 08/21/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $1,462,158.00 Resolution Details: ASSURANCE OF DISCONTINUANCE PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM ENGAGING IN ACTS IN VIOLATION OF THE MARTIN ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ASSURANCE OF DISCONTINUANCE AND WILL COMPLY WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES INCLUDING THAT APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC WILL NOT MAKE ALLOCATIONS OF ?HOT? IPOS TO AN ACCOUNT OF AN EXECUTIVE OFFICER OR DIRECTOR OF A PUBLIC COMPANY. APPLICANT AND UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $1,462,158 IS ALLOCATED TO NEW YORK STATE) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE ATTORNEY GENERAL OF THE STATE OF NEW YORK BUREAU OF INVESTMENT PROTECTION CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OR LEGAL CONCLUSIONS CONTAINED IN THE ASSURANCE OF DISCONTINUANCE, THE APPLICANT ENTERED INTO THE ASSURANCE OF DISCONTINUANCE PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE MARTIN ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ASSURANCE OF DISCONTINUANCE AND WILL COMPLY WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES INCLUDING THAT APPLICANT AND UBS SECURITIES LLC WILL NOT MAKE ALLOCATIONS OF ?HOT? IPOS TO ANY ACCOUNT OF ANY EXECUTIVE OFFICER OR DIRECTOR OF A PUBLIC COMPANY. APPLICANT AND UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $1,462,158 IS ALLOCATED TO NEW YORK STATE) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (56 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 09/23/2003 Initiated By: ALABAMA SECURITIES COMMISSION Date initiated: 08/21/2003 Docket/ Case Number: CO-2003-018 Allegations: THE FIRM ENGAGED IN ACTS AND PRACTICES IN CONNECTION WITH ISSUING RESEARCH REPORTS IN VIOLATION OF SECTION 8-6-3(J)(7) OF THE ALABAMA SECURITIES ACT AND RULE 830-X-2-.06(2) PROMULGATED THEREUNDER. THE FIRM ALSO FAILED TO ESTABLISH AND NASD BrokerCheck October 14, 2005 Page 62 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) MAINTAIN ADEQUATE SUPERVISORY PROCEDURES FOR RESEARCH AS REQUIRED BY RULE 830-X-3-.13(1) & (3). Current Status: Final Resolution: Consent Resolution Date: 08/21/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $342,654.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE SECTIONS 8-6-3(J)(7) OF THE ALABAMA SECURITIES ACT AND RULES 830-X-3-.13(1)&(3) AND 830-X-2-.06(2) PROMULGATED THEREUNDER. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE SECTIONS 8-6-3(J)(7) OF THE ALABAMA SECURITIES ACT AND RULES 830-X-3-.13(1)&(3) AND 830-X-2-.06(2) PROMULGATED THEREUNDER IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $342,654 IS ALLOCATED TO ALABAMA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE ALABAMA SECURITIES COMMISSION CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS SECURITIES LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE SECTIONS 8-6-3(J)(7) OF THE ALABAMA SECURITIES ACT AND RULES 830-X-3-.13(1)&(3) AND 830-X-2-.06(2) PROMULGATED THEREUNDER. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE SECTIONS 8-6-3(J)(7) OF THE ALABAMA SECURITIES ACT AND RULES 830-X-3-.13(1)&(3) AND 830-X-2-.06(2) PROMULGATED THEREUNDER IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND UBS SECURITIES LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $342,654 IS ALLOCATED TO ALABAMA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (57 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 09/10/2003 Initiated By: SECURITIES AND EXCHANGE COMMISSION Date initiated: 08/20/2003 Docket/ Case Number: 3-11230 Allegations: PAINEWEBBER ("UBSPW", AND CURRENTLY KNOWN AS UBS FINANCIAL SERVICES INC) SUBMITTED AN OFFER OF SETTLEMENT TO THE U.S. SECURITIES AND EXCHANGE COMMISSION ("SEC") IN CONNECTION WITH ITS INVESTIGATION INTO THE CONDUCT OF ENRIQUE E. PERUSQUIA, A FORMER REGISTERED REPRESENTATIVE OF UBSPW. Current Status: Final NASD BrokerCheck October 14, 2005 Page 63 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution: Settled Resolution Date: 08/20/2003 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $500,000.00 Resolution Details: THE ORDER REQUIRED UBS PAINEWEBBER TO PAY A CIVIL PENALTY. Summary: PAINEWEBBER ("UBSPW", AND CURRENTLY KNOWN AS UBS FINANCIAL SERVICES INC. ) SUBMITTED AN OFFER OF SETTLEMENT TO THE U.S. SECURITIES AND EXCHANGE COMMISSION ("SEC") IN CONNECTION WITH ITS INVESTIGATION INTO THE CONDUCT OF ENRIQUE E. PERUSQUIA, A FORMER REGISTERED REPRESENTATIVE OF UBSPW. IN THE OFFER OF SETTLEMENT, WHICH WAS ACCEPTED BY THE SEC ON AUGUST 20, 2003, UBSPW, WITHOUT ADMITTING OR DENYING THE FINDINGS, CONSENTED TO THE ENTRY OF AN ADMINISTRATIVE ORDER INSTITUTING AND SETTLING PROCEEDINGS ("ORDER") THAT IT FAILED TO REASONABLY SUPERVISE ENRIQUE E. PERUSQUIA. THE ORDER CENSURED UBSPW AND REQUIRED IT TO PAY A CIVIL PENALTY OF $500,000. ****** REGULATORY ACTION (58 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 07/21/2003 Initiated By: NEW YORK STOCK EXCHANGE DIVISION OF ENFORCEMENT Date initiated: 04/23/2003 Docket/ Case Number: HPD#: 03-98 Allegations: **4/23/03**STIPULATION AND CONSENT TO PENALTY FILED BY NYSE DIVISION OF ENFORCEMENT AND PENDING.CONSENTED TO FINDINGS: A.FINDINGS BY THE HEARING PANEL THAT THE FIRM:ENGAGED IN CONDUCT INCONSISTENT WITH JUST AND EQUITABLE PRINCIPLES OF TRADE IN THAT IT RECOMMENDED AND SOLD CALLABLE CDS, WHICH WERE UNSUITABLE FOR CERTAIN CUSTOMERS IN VIEW OF THE CUSTOMERS’ AGES, INVESTMENT OBJECTIVES, FINANCIAL RESOURCES AND CONCENTRATION LEVELS IN THEIR ACCOUNTS.VIOLATED EXCHANGE RULE 342(A) AND (B) IN THAT THE FIRM FAILED TO ESTABLISH AND MAINTAIN APPROPRIATE PROCEDURES FOR SUPERVISION AND CONTROL OF THE MARKETING AND SALES OF CALLABLE CDS, BY:(I)FAILING TO PROVIDE ADEQUATE TRAINING TO ALL REGISTERED REPRESENTATIVES WITH RESPECT TO CALLABLE CDS; (II) FAILING TO ENSURE THAT MARKETING AND SALES WERE DIRECTED TO PROSPECTIVE CUSTOMERS FOR WHICH THE PRODUCT WAS SUITABLE; AND (III) FAILING TO ENSURE THAT THERE WAS TIMELY AND ADEQUATE DISCLOSURE OF THE POTENTIAL RISKS.VIOLATED EXCHANGE RULE 405(1) BY FAILING TO USE DUE DILIGENCE TO LEARN ESSENTIAL FACTS REGARDING CERTAIN CUSTOMERS. VIOLATED EXCHANGE RULE 401 IN THAT THE FIRM FAILED TO ADHERE TO THE PRINCIPLES OF GOOD BUSINESS PRACTICE IN THAT IT FAILED TO COMMUNICATE ESSENTIAL FACTS AND MAKE ADEQUATE DISCLOSURES TO CUSTOMERS IN TRADE CONFIRMATIONS AND ACCOUNT STATEMENTS RELATING TO CALLABLE CDS. B. THE IMPOSITION BY THE EXCHANGE OF THE PENALTY OF A CENSURE AND A FINE OF $175,000. Current Status: Final Resolution: Decision Resolution Date: 07/11/2003 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $175,000.00 Resolution Details: **6/4/03**DECISION 03-98 ISSUED BY NYSE HEARING PANEL DECISION:RECOMMENDED AND SOLD CALLABLE CDS WHICH WERE UNSUITABLE FOR CERTAIN CUSTOMERS, VIOLATED EXCHANGE RULE 342(A) AND (B) IN THAT THE FIRM FAILED TO ESTABLISH AND MAINTAIN APPROPRIATE PROCEDURES FOR SUPERVISION AND CONTROL OF THE MARKETING AND A SALES OF CALLABLE CDS IN CERTAIN SPECIFIED RESPECTS, VIOLATED EXCHANGE RULE 405(1) BY FAILING TO USE DUE DILIGENCE TO LEARN ESSENTIAL FACTS REGARDING CERTAIN CUSTOMERS, VIOLATED EXCHANGE RULE 401 IN THAT THE FIRM FAILED TO ADHERE TO THE PRINCIPLES OF GOOD BUSINESS PRACTICE IN THAT NASD BrokerCheck October 14, 2005 Page 64 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) IT FAILED TO COMMUNICATE ESSENTIAL FACTS AND MAKE ADEQUATE DISCLOSURES TO CUSTOMERS IN TRADE CONFIRMATIONS AND ACCOUNT STATEMENTS RELATING TO CALLABLE CDS PENALTY IMPOSED OF A CENSURE AND $175,000. Summary: **7/11/03**THE DECISION IS NOW FINAL AND EFFECTIVE IMMEDIATELY.CONTACT:EVELYN PENA 212-656-5211 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 07/15/2003 Initiated By: NEW YORK STOCK EXCHANGE Date initiated: 04/23/2003 Docket/ Case Number: HPD#03-98 Allegations: ON 05/14/2003 THE APPLICANT REPORTED THAT THE NYSE ALLEGED THAT THE FIRM VIOLATED CERTAIN NYSE RULES IN CONNECTION WITH THE SALE AND MARKETING OF CALLABLE CD'S BY NOT EXERCISING DUE DILIGENCE TO LEARN CERTAIN ESSENTIAL FACTS ABOUT CERTAIN CUSTOMERS AND BY NOT MAKING CERTAIN ADEQUATE DISCLOSURES RELATING TO CALLABLE CD'S. THE CONDUCT ENDED IN 2000 Current Status: Final Resolution: Consent Resolution Date: 06/29/2003 Sanctions Ordered: Monetary/Fine Monetary Amount: $175,000.00 Resolution Details: THE FIRM CONSENTED TO A CENSURE AND $175,000.00. THE DECISION BECAME FINAL 25 CALENDAR DAYS AFTER NOTICE OF THE HEARING ON JUNE 4, 2003. Summary: ****** REGULATORY ACTION (59 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 05/28/2003 Initiated By: ARIZONA CORPORATION COMMISSION Date initiated: 04/28/2003 Docket/ Case Number: DOCKET NO. S-03498A-03-0000 Allegations: APPLICANT COMMITTED DISHONEST AND UNETHICAL PRACTICES IN THE SECURITIES BUSINESS UNDER ARS 44-1961(A)(13) WITHIN MEANING OF AAC R14-4-130. Current Status: Final Resolution: Order Resolution Date: 04/28/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution Monetary Amount: $395,321.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE SECURITIES ACT OF ARIZONA. IN ADDITION THE APPLICANT WAS ORDER TO COMPLY WITH THE SECURITIES ACT OF ARIZONA WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENCHANGED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS WARBURG LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $395,321 IS ALLOCATED TO ARIZONA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF NASD BrokerCheck October 14, 2005 Page 65 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE ARIZONA SECURITIES COMMISSION CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS WARBURG LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE SECURITIES ACT OF ARIZONA. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE SECURITIES ACT OF ARIZONA IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS WARBURG LLC. MUST PAY A TOTAL OF $80,000,000 (OF WHICH $395.321 IS ALLOCATED TO ARIZONA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (60 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 05/28/2003 Initiated By: STATE OF OKLAHOMA DEPARTMENT OF SECURITIES Date initiated: 04/28/2003 Docket/ Case Number: ODS FILE NO. 03-088 Allegations: APPLICANT VIOLATED THE OKLAHOMA SECURITIES ACT AND/ OR THE RULES OF THE OKLAHOMA SECURITIES DEPARTMENT BY ENGAGING IN DISHONEST AND UNETHICAL PRACTICES AND FAILING TO MAINTAIN ADEQUATE SUPERVISORY PROCEDURES. Current Status: Final Resolution: Order Resolution Date: 04/28/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $265,877.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE OKLAHOMA SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE OKLAHOMA SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS WARBURG LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $265,877 IS ALLOCATED TO OKLAHOMA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE OKLAHOMA DEPARTMENT OF SECURITIES CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS WARBURG LLC NASD BrokerCheck October 14, 2005 Page 66 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE OKLAHOMA SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE OKLAHOMA SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS WARBURG LLC. MUST PAY A TOTAL OF $80,000,000 (OF WHICH $265,877 IS ALLOCATED TO OKLAHOMA) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (61 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 05/28/2003 Initiated By: STATE OF ILLINOIS, SECRETARY OF STATE, SECURITIES DEPARTMENT Date initiated: 04/28/2003 Docket/ Case Number: FILE NUMBER 0200674 Allegations: VIOLATIONS OF SECTIONS 8.E.(1)(B) AND 8.12.A. OF ILLINOIS SECURITIES LAWS OF 1953 AND FAILURE TO MAINTAIN ADEQUATE SUPERVISORY PROCEDURES IN VIOLATION OF SECTION 8.E.1.(E)(IV)OF THE ACT. Current Status: Final Resolution: Order Resolution Date: 04/28/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $956,921.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE ILLINOIS SECURITIES LAW. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE ILLINOIS SECURITIES LAW IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS WARBURG LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $956,921.00 IS ALLOCATED TO ILLINOIS) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE ILLINOIS SECURITIES DEPARTMENT CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS WARBURG LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE ILLINOIS SECURITIES LAW. IN ADDITION THE NASD BrokerCheck October 14, 2005 Page 67 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) APPLICANT WAS ORDERED TO COMPLY WITH THE ILLINOIS SECURITIES LAW IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS WARBURG LLC. MUST PAY A TOTAL OF $80,000,000 (OF WHICH $956.921.00 IS ALLOCATED TO ILLINOIS) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (62 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 05/14/2003 Initiated By: CONNECTICUT Date initiated: 04/28/2003 Docket/ Case Number: CO-2003-6590-S Allegations: CONSENT ORDER DATED APRIL 28, 2003 ALLEGED THAT RESPONDENTS UBS WARBURG LLC (CRD 7654) AND UBS PAINEWEBBER INC. (CRD 8174)HAD 1) ENGAGED IN DISHONEST OR UNETHICAL PRACTICES IN VIOLATION OF SECTION 36B-4(B) OF THE CONNECTICUT UNIFORM SECURITIES ACT BY ENABLING THEIR INVESTMENT BANKING DEPARTMENTS TO EXERT IMPROPER INFLUENCE OVER FIRM RESEARCH ANALYSTS, THUS CREATING AN INHERENT CONFLICT OF INTEREST; ISSUING RESEARCH REPORTS THAT WERE AFFECTED BY SUCH CONFLICT OF INTEREST; MAKING PAYMENTS FOR RESEARCH TO OTHER BROKER-DEALERS WHO WERE NOT INVOLVED IN UNDERWRITING TRANSACTIONS; AND RECEIVING PAYMENTS IN CONNECTION WITH UNDERWRITING TRANSACTIONS FROM OUTSIDE ENTITIES FOR RESEARCH ISSUED WITHOUT MAKING PUBLIC DISCLOSURE OF THOSE PAYMENTS AS REQUIRED BY SECTION 17(B) OF THE SECURITIES ACT OF 1933; AND 2) FAILED TO ESTABLISH, ENFORCE AND MAINTAIN ADEQUATE SUPERVISORY CONTROLS TO PREVENT AND DETECT THE ALLEGEDLY VIOLATIVE CONDUCT. Current Status: Final Resolution: Consent Resolution Date: 04/28/2003 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $150,000.00 Other Sanctions: THE CONSENT ORDER DIRECTED RESPONDENTS UBS PAINEWEBBER INC. AND UBS WARBURG LLC TO CEASE AND DESIST FROM REGULATORY VIOLATIONS, AND MANDATED THAT THEY COLLECTIVELY PAY $262,402 TO THE DEPARTMENT. OF THAT AMOUNT, $150,000 CONSTITUTED A FINE AND $112,402 REPRESENTED REIMBURSEMENT FOR THE AGENCY'S LEGAL AND INVESTIGATIVE COSTS. Resolution Details: SEE ABOVE. Summary: SEE ABOVE. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 05/28/2003 Initiated By: CONNECTICUT COMMISSIONER OF BANKING Date initiated: 04/28/2003 Docket/ Case Number: CO-2003-6590-S Allegations: APPLICANT ENGAGED IN DISHONEST AND UNETHICAL PRACTICES IN CONNECTION WITH THE OFFER AND SALE OF A SECURITY IN VIOLATION OF SECTION 36B-4(B) OF THE CONNECTICUT UNIFORM SECURITIES ACT AND FAILED TO MAINTAIN ADEQUATE SUPERVISORY PROCEDURES IN VIOLATION OF SECTION 36B-31-6F(B) OF THE REGULATIONS. Current Status: Final NASD BrokerCheck October 14, 2005 Page 68 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution: Order Resolution Date: 04/28/2003 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and Desist/Injunction Monetary Amount: $262,402.00 Resolution Details: ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE CONNECTICUT UNIFORM SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE CONNECTICUT UNIFORM SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS WARBURG LLC MUST PAY A TOTAL OF $80,000,000 (OF WHICH $262,402 IS ALLOCATED TO CONNECTICUT )INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. Summary: APPLICANT HAS SETTLED WITH THE CONNECTICUT COMMISSIONER OF BANKING CERTAIN CHARGES ARISING FROM AN INVESTIGATION OF RESEARCH ANALYST CONFLICTS OF INTEREST. THIS SETTLEMENT, AND SETTLEMENTS WITH CERTAIN OTHER BROKERAGE FIRMS, ARE PART OF A GLOBAL SETTLEMENT CERTAIN FIRMS HAVE REACHED WITH THE VARIOUS STATE REGULATORS AND THE SEC, NASD, AND NYSE. AS PART OF THE SETTLEMENT, THE APPLICANT AND ITS AFFILIATE UBS WARBURG LLC HAVE AGREED TO PAY $25 MILLION AS DISGORGEMENT AND AN ADDITIONAL $25 MILLION IN PENALTIES. ONE-HALF OF THE TOTAL OF THESE PAYMENTS - $25 MILLION ? WILL BE PAID IN CONNECTION WITH RELATED PROCEEDINGS BY THE SEC, NASD AND NYSE AND WILL BE PLACED INTO A DISTRIBUTION FUND FOR THE BENEFIT OF CERTAIN CUSTOMERS. THE REMAINDER WILL BE PAID TO RESOLVE RELATED PROCEEDINGS BY STATE REGULATORS. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT AND CONCLUSIONS OF LAW CONTAINED IN THE CONSENT ORDER, THE APPLICANT CONSENTED TO THE ENTRY OF AN ORDER PROVIDING THAT APPLICANT WILL CEASE AND DESIST FROM VIOLATING THE CONNECTICUT UNIFORM SECURITIES ACT. IN ADDITION THE APPLICANT WAS ORDERED TO COMPLY WITH THE CONNECTICUT UNIFORM SECURITIES ACT IN CONNECTION WITH THE RESEARCH PRACTICES REFERENCED IN THE ORDER AND WITH CERTAIN UNDERTAKINGS TO ADOPT ENHANCED POLICIES AND PROCEDURES REASONABLY DESIGNED TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM RESEARCH PRACTICES. APPLICANT AND ITS AFFILIATE UBS WARBURG LLC. MUST PAY A TOTAL OF $80,000,000 (OF WHICH $262,402 IS ALLOCATED TO CONNECTICUT ) INCLUDING $25,000,000 AS A PENALTY; $25,000,000 AS DISGORGEMENT OF COMMISSIONS AND OTHER MONIES, $25,000,000 TO BE USED FOR PROCUREMENT OF INDEPENDENT RESEARCH AND $5,000,000 TO BE USED FOR INVESTOR EDUCATION. ****** REGULATORY ACTION (63 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 04/25/2003 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 04/21/2003 Docket/ Case Number: CMS030092 Allegations: NASD MARKETPLACE RULE 6955(A) - RESPONDENT MEMBER UBS PAINEWEBBER INC. DURING THE REVIEW PERIOD FAILED TO SUBMIT REQUIRED INFORMATION TO OATS ON 27 BUSINESS DAYS. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 04/21/2003 Sanctions Ordered: Monetary/Fine Monetary Amount: $4,000.00 NASD BrokerCheck October 14, 2005 Page 69 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, THE RESPONDENT UBS PAINEWEBBER, INC. CONSENTED TO THE FINDING OF THE ALLEGATIONS AND TO THE FOLLOWING SANCTIONS: $4,000 FINE. Summary: *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 05/19/2003 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 04/21/2003 Docket/ Case Number: CMS030092 Allegations: NASD MARKETPLACE RULE 6955 (A)- RESPONDENT MEMBER DURING JANUARY 2, 2001 THROUGH FEBRUARY 8, 2001 FAILED TO SUBMIT REEQUIRED INFORMATION ON OATS ON 27 BUSINESS DAYS. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 04/21/2003 Sanctions Ordered: Monetary/Fine Monetary Amount: $4,000.00 Other Sanctions: MATTER RESOLVED THROUGH ACCEPTANCE, WAIVER & CONSENT. Resolution Details: FIRM FINED $4000. Summary: RESPONDENT MEMBER FAILED TO SUBMIT REQUIRED INFORMATION TO OATS ON 27 BUSINESS DAYS. MEMBER AGREED TO PAY A $4000 FINE. ****** REGULATORY ACTION (64 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 04/04/2003 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 03/28/2003 Docket/ Case Number: CMS030080 Allegations: NASD CONDUCT RULE 2110, AND NASD MARKETPLACE RULES 6620(A) AND 6620(A)(3) - RESPONDENT MEMBER ("FIRM") FAILED, WITHIN 90 SECONDS AFTER EXECUTION, TO TRANSMIT THROUGH ACT LAST SALE REPORTS OF TRANSACTIONS IN OTC EQUITY SECURITIES. THE FIRM ALSO FAILED TO DESIGNATE THE LAST SALE REPORTS AS LATE IN ACT DURING THE REVIEW PERIOD. IN ADDITION, THE FIRM FAILED TO DESIGNATE AS ".T" THROUGH ACT LAST SALE REPORTS OF TRANSACTIONS IN OTC EQUITY SECURITIES EXECUTED OUTSIDE NORMAL MARKET HOURS DURING THE REVIEW PERIOD. FURTHERMORE, THE FIRM INCORRECTLY DESIGNATED AS ".SLD" THROUGH ACT LAST SALE REPORTS OF TRANSACTIONS IN OTC EQUITY SECURITIES REPORTED TO ACT WITHIN 90 SECONDS OF EXECUTION DURING THE REVIEW PERIOD. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 03/28/2003 Sanctions Ordered: Monetary/Fine Monetary Amount: $5,000.00 Resolution Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, RESPONDENT FIRM CONSENTED TO THE DESCRIBED SANCTION AND TO THE ENTRY OF FINDINGS; THEREFORE, THE FIRM IS FINED $5,000. NASD BrokerCheck October 14, 2005 Page 70 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Summary: *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 04/09/2003 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 01/27/2003 Docket/ Case Number: CMS030080 Allegations: IN REVIEW #MRD200130199 THE DEPARTMENT OF MARKET REGULATION REVIEWED TRANSACTIONS REPORTED TO THE AUTOMATED CONFIRMATION TRANSACTION SERVICE ("ACT") DURING THE PERIOD OF JANUARY 2, 2001 THROUGH MARCH 31, 2001. THE NASD FINDS THAT THE FIRM VIOLATED NASD CONDUCT RULE 2110 AND MARKETPLACE RULE 6620(A) REGARDING FAILURE TO TRANSMIT THROUGH ACT 339 LAST SALE REPORTS OF TRANSACTIONS IN OTC EQUITY SECURITIES WITHIN 90 SECONDS AFTER EXECUTION. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 03/27/2003 Sanctions Ordered: Monetary/Fine Monetary Amount: $5,000.00 Resolution Details: A FINE OF $5000.00 WAS IMPOSED. PAYMENT WAS ISSUED ON 04/01/2003. Summary: THE DEPARTMENT OF MARKET REGULATION FOUND THAT THE FIRM VIOLATED NASD MARKET PLACE RULE 6620(A) AND NASD CONDUCT RULE 2110. THE FIRM EXECUTED A LETTER OF ACCEPTANCE, WAIVER AND CONSENT ("AWC") AND PAID A FINE OF $5000.00 ****** REGULATORY ACTION (65 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 04/04/2003 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 03/28/2003 Docket/ Case Number: CMS030079 Allegations: NASD CONDUCT RULE 2110 AND NASD MARKETPLACE RULE 6130(B) - RESPONDENT MEMBER ("FIRM") FAILED TO ACCEPT OR DECLINE IN ACT TRANSACTIONS IN ELIGIBLE SECURITIES WITHIN TWENTY MINUTES AFTER EXECUTION. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 03/28/2003 Sanctions Ordered: Monetary/Fine Monetary Amount: $5,000.00 Resolution Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, RESPONDENT FIRM CONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS; THEREFORE, THE FIRM IS FINED $5,000. Summary: *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 04/09/2003 NASD BrokerCheck October 14, 2005 Page 71 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 01/27/2003 Docket/ Case Number: CMS030079 Allegations: IN REVIEW #MRD200234808, THE DEPARTMENT OF MARKET REGULATION REVIEWED TRANSACTIONS REPORTED FOR THE PERIOD OF JANUARY 2, 2002 THROUGH MARCH 31, 2002. THE NASD FINDS THAT THE FIRM VIOLATED MARKETPLACE RULE 6130(B)AND NASD CONDUCT RULE 2110 IN THAT THEY FAILED TO ACCEPT OR DECLINE IN ACT 159 TRANSACTIONS IN ELIGIBLE SECURITIES WITHIN 20 MINUTES AFTER EXECUTION. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 03/27/2003 Sanctions Ordered: Monetary/Fine Monetary Amount: $5,000.00 Resolution Details: A FINE OF $5000.00 WAS IMPOSED. PAYMENT WAS ISSUED ON APRIL 1, 2003. Summary: THE DEPARMENT OF MARKET REGULATION FOUND THAT THE FIRM VIOLATED MARKETPLACE RULE 6130(B) AND NASD CONDUCT RULE 2110. THE FIRM EXECUTED A LETTER OF ACCPETANCE, WAIVER AND CONSENT ("AWC") AND PAID A FINE OF $5000.00 ****** REGULATORY ACTION (66 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 04/17/2002 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS Date initiated: 11/05/2001 Docket/ Case Number: CMS010162 Allegations: NASD RULES 2110, 3010, 6240(A) AND 6240(B) - WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, THE FIRM CONSENTED TO THE ENTRY OF FINDINGS THAT IT INCORRECTLY DESIGNED AS LATE TO FIXED INCOME PRICING SYSTEM (FIPS) TRANSACTIONS IN FIPS SECURITIES AND FAILED TO REPORT THE CORRECT TIME OF EXECUTION TO FIPS FOR EACH TRANSACTION. THE FINDINGS ALSO STATED THAT THE FIRM FAILED TO REPORT TO FIPS THE CORRECT BOND IDENTIFICATION SYMBOL IN ONE TRANSACTION IN A FIPS SECURITY, DOUBLE REPORTED A TRANSACTION IN A FIPS SECURITY, AND FAILED TO REPORT TO FIPS THE CORRECT UNIT PRICE IN TRANSACTIONS IN FIPS SECURITIES AND HIGH YIELD CORPORATE DEBT SECURITIES. THE FINDINGS ALSO STATED THAT THE FIRM FAILED TO REPORT TO FIPS THE CORRECT TIME OF EXECUTION IN TRANSACTIONS IN HIGH YIELD CORPORATE DEBT SECURITIES AND FAILED TO CANCEL IN FIPS TRANSACTIONS IN A HIGH YIELD CORPORATE DEBT SECURITY. IN ADDITION, THE NASD DETERMINED THAT THE FIRM DID NOT HAVE A SUPERVISORY SYSTEM THAT PROVIDE FOR SUPERVISION REASONABLY DESIGNED TO ACHIEVE COMPLIANCE WITH RESPECT TO THE RULES CONCERNING THE REPORTING OF TRANSACTIONS IN HIGH YIELD CORPORATE DEBT SECURITIES TO THE NASD. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 11/05/2001 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $12,500.00 Resolution Details: REVISE ITS WRITTEN SUPERVISORY PROCEDURES RELATING TO TRANSACTION REPORTING. Summary: 04/17/02AC FINES & COST PAID IN FULL $12,500.00 12/11/01 NASD BrokerCheck October 14, 2005 Page 72 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) INVOICE # 01- MS- 675 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 11/07/2003 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS INC. Date initiated: 01/26/1999 Docket/ Case Number: AWC #CMS010162 Allegations: DURING THE PERIOD FROM 3/6/98 THROUGH 7/31/98, THIRTY SIX TRANSACTIONS WERE MISREPORTED BY THE FIRM TO FIPS. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 11/05/2001 Sanctions Ordered: Monetary/Fine Monetary Amount: $12,500.00 Resolution Details: $12,500 FINE TO BE PAID BY 12/11/01. Summary: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, THE FIRM CONSENTED TO THE ENTRY OF FINDINGS THAT THE FIRM VIOLATED NASD MARKETPLACE RULE 6240(A) AND 6240(B) AND NASD CONDUCT RULES 2110 AND 3010. ON 11/5/01, THE NASDR'S OFFICE OF DISCIPLINARY AFFAIRS AND THE NAC ACCEPTED THE FIRM'S AWC REGARDING THE VIOLATIONS. THE FIRM WAS CENSURED AND FINED $12,500. ****** REGULATORY ACTION (67 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 01/08/2002 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 07/25/2001 Docket/ Case Number: C10010096 Allegations: 08-01-01, NASD RULES 2110, IM-2110-1 - RESPONDENT MEMBER SOLD SECURITIES OF PUBLIC OFFERINGS THAT TRADED AT A PREMIUM IN THE IMMEDIATE SECONDARY MARKET ("HOT ISSUES") AND ALTHOUGH IT DID NOT SELL SECURITIES IN THE HOT ISSUES TO ANY RESTRICTED PERSONS OR ENTITIES, IT FAILED TO OBTAIN THE PROPER DOCUMENTATION AND/OR FAILED TO FOLLOW THE REQUIRED PROCEDURES FOR OBTAINING CERTAIN DOCUMENTS WITH RESPECT TO CERTAIN ACCOUNTS AS SET FORTH IN IM-2110-1. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 07/25/2001 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $7,500.00 Resolution Details: CENSURED AND FINED $7,500 Summary: . *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 08/24/2001 Initiated By: NASDR NASD BrokerCheck October 14, 2005 Page 73 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date initiated: 07/24/2001 Docket/ Case Number: C10010096 Allegations: IN JUNE 1999 THE FIRM SOLD SECURITIES IN TWO HOT ISSUE OFFERINGS. ALTHOUGH NO SALES WERE MADE TO RESTRICTED PERSONS, THE FIRM FAILED TO OBTAIN PROPER DOCUMENTATION AND/OR FAILED TO FOLLOW REQUIRED PROCEDURES FOR OBTAINING CERTAIN DOCUMENTS WITH RESPECT TO CERTAIN ACCOUNTS. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 07/24/2001 Sanctions Ordered: Monetary/Fine Monetary Amount: $7,500.00 Resolution Details: $7,500.00 FINE TO BE PAID BY 08/24/2001. Summary: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, THE FIRM CONSENTED TO THE ENTRY OF FINDINGS THAT THE FIRM VIOLATED IM-2110-1 AND NASD CONDUCT RULE 2110. ON 07/24/2001, NASDR'S OFFICE OF DISCIPLINARY AFFAIRS AND THE NAC ACCEPTED THE FIRM'S AWC REGARDING THE VIOLATIONS. THE FIRM WAS CENSURED AND FINED $7,500.00 ****** REGULATORY ACTION (68 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 12/10/2001 Initiated By: STATE OF ARKANSAS Date initiated: 01/01/1981 Docket/ Case Number: 81-29-5 Allegations: UNAUTHORIZED TRANSFER OF FUNDS FROM MONEY MARKET TO COMMODITY ACCOUNT. Current Status: Final Resolution: Order Resolution Date: 06/30/1981 Sanctions Ordered: Suspension Resolution Details: ON JUNE 30, 1981, MR. SUTTON'S REGISTRATION IN ARKANSAS WAS SUSPENDED RETROACTIVELY FOR THE PERIOD JANUARY 23, 1981 THROUGH JUNE 12, 1981. Summary: THE ORDER RESULTED FROM MONEY TRANSFERS BETWEEN A CLIENT'S MONEY MARKET ACCOUNT AND COMMODITIES ACCOUNT IN ORDER TO MEET MARGIN REQUIREMENTS IN THE COMMODITIES ACCOUNT. THE CLIENT WAS INFORMED OF ALL TRANSFERS BOTH BY PHONE AND MAIL. ****** REGULATORY ACTION (69 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 06/30/2000 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 04/29/1991 Docket/ Case Number: C05910051 Allegations: VIOLATIONS OF ARTICLE III, SECTIONS 1, 2, 15, 18, 19 AND 27 OF NASD BrokerCheck October 14, 2005 Page 74 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) THE RULES OF FAIR PRACTICE Current Status: Final Resolution: Consent Resolution Date: 04/24/1992 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $75,000.00 Resolution Details: THE FIRM IS CENSURED AND FINED $75,000. ***$75,000.00 PAID ON 6/12/92 INVOICE #92-05-432*** Summary: [TOP] COMPLAINT NO. C05910051 FILED 04/29/1991 BY DISTRICT NO. 5 AGAINST RESPONDENTS PAINEWEBBER INCORPORATED (THE FIRM), JOHN A. DAY, JERRY W. PAYNE, DAVID L. ARNOLD AND WILLIAM D. EAST ALLEGING VIOLATIONS OF ARTICLE III, SECTIONS 1, 2, 15, 18, 19 AND 27 OF THE RULES OF FAIR PRACTICE IN THAT DAY EXERCISED DISCRETIONARY POWER IN THE TRUST ACCOUNTS OF A PUBLIC CUSTOMER WITHOUT PRIOR WRITTEN AUTHORIZATION BY THE TRUSTEES OF THE ACCOUNTS AND PRIOR WRITTEN ACCEPTANCE OF THE ACCOUNTS AS DISCRETIONARY BY HIS MEMBER FIRM; EXECUTED SIX UNAUTHORIZED OPTIONS TRANSACTIONS IN THE TRUST ACCOUNTS; RECOMMENDED AND ENGAGED IN OPTIONS PURCHASE AND SALE TRANSACTIONS IN THE SAME TRUST ACCOUNTS WITHOUT HAVING REASONABLE GROUNDS FOR BELIEVING THAT THESE RECOMMENDATIONS AND RESULTANT TRANSACTIONS WERE SUITABLE BASED ON THE CUSTOMER'S FINANCIAL SITUATION, OBJECTIVES AND NEEDS; DAY, ASSISTED BY ARNOLD AND EAST, ENGAGED IN A SCHEME TO DEFRAUD THE SAME PUBLIC CUSTOMER ACCOUNTS IN THAT HE EXECUTED BLOCK PURCHASES OF OPTIONS THAT WERE FINANCED BY PERSONAL LOANS FROM TWO PUBLIC CUSTOMERS AND ALLOCATED PROFITABLE TRANSACTIONS TO THEIR PERSONAL ACCOUNTS WHILE ALLOCATING THE UNPROFITABLE TRANSACTIONS TO THE ACCOUNTS OF THE CUSTOMER, ALL WITHOUT DISCLOSING THIS ACTIVITY TO THE FIRM; DAY, ARNOLD AND PAYNE FAILED TO RESPOND TO NASD REQUESTS OR INFORMATION MADE PURSUANT TO ARTICLE IV, SECTION 5 OF THE RULES OF FAIR PRACTICE; THE FIRM, THROUGH PAYNE FAILED TO ESTABLISH, MAINTAIN AND/OR ENFORCE WRITTEN SUPERVISORY PROCEDURES; AND, FAILED TO SUPERVISE REASONABLY AND PROPERLY DAY, ARNOLD AND EAST. AMENDED COMPLAINT FILED 02/21/1992, WHEREIN THE ALLEGATIONS IN THE FOURTH CAUSE WERE CHANGED TO DELETE ARTICLE III, SECTIONS 18 AND 19 OF THE RULES OF FAIR PRACTICE. DECISION RENDERED 04/24/1992, WHERE IN THE OFFER OF SETTLEMENT SUBMITTED BY THE RESPONDENTS WAS ACCEPTED; THEREFORE, THE FIRM IS CENSURED AND FINED $75,000. ***$75,000.00 PAID ON 6/12/92 INVOICE #92-05-432*** *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 02/26/2003 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS INC. Date initiated: 04/29/1991 Docket/ Case Number: C05910051 Allegations: VIOLATIONS OF ARTICLE III, SECTIONS 1, 2, 15, 18 AND 27 OF THE RULES OF FAIR PRACTICE, IN THAT THE FIRM, THROUGH A BRANCH OFFICE MANAGER, FAILED TO ESTABLISH, MAINTAIN AND/OR ENFORCE WRITTEN SUPERVISORY PROCEDURES. THE ITEM WAS APPEALED AND AMENDED IN THE THE ALLEGATIONS IN THE FOURTH CAUSE WERE CHANGED TO DELETE ARTICLE III, SECTIONS 18 AND 19 OF THE RULES OF FAIR PRACTICE. Current Status: Final Resolution: Consent Resolution Date: 04/24/1992 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $75,000.00 Resolution Details: DUE TO THE AGE OF THE ITEM, ADDITIONAL SANCTION DETAIL IS UNAVAILABLE. Summary: NASD BrokerCheck October 14, 2005 Page 75 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) ****** REGULATORY ACTION (70 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 04/06/2000 Initiated By: UNITED STATES SECURITIES AND EXCHANGE COMMISSION Date initiated: 04/06/2000 Docket/ Case Number: RELS. 33-7823; 34-42630; FILE #3-10175 Allegations: THE SEC'S ORDERS ALLEGE AS FOLLOWS: FROM 1990 THROUGH 1994, EACH OF THE TEN BROKERAGE FIRMS CHARGED ISSUERS OF MUNICIPAL REFUNDING BONDS EXCESSIVE, UNDISCLOSED MARKUPS ON TREASURY SECURITIES. THE FIRMS ALSO CERTIFIED THAT THE PRICES THEY CHARGED DID NOT EXCEED THE SECURITIES' FAIR MARKET VALUE UNDER THE FEDERAL TAX LAWS, EVEN THOUGH THEY KNEW OR SHOULD HAVE KNOWN THAT THEY WERE CHARGING PRICES ABOVE FAIR MARKET VALUE. THE FALSE REPRESENTATIONS BY THE FIRMS ABOUT THE FAIR MARKET VALUE OF THE SECURITIES WERE CRITICAL TO ESTABLISHING THE TAX-EXEMPT STATUS OF THE ASSOCIATED MUNICIPAL REFUNDING BONDS. THAT TAX-EXEMPT STATUS WAS THE BONDS' ESSENTIAL INVESTMENT FEATURE. IN SOME CASES, A BROKERAGE FIRM'S OVERCHARGING DIVERTED MONEY FROM THE U.S. TREASURY TO THE FIRM. IN THE REMAINING CASES, OVERCHARGING BY THE BROKERAGE FIRM TOOK MONEY AWAY FROM THE MUNICIPALITY BY REDUCING, DOLLAR FOR DOLLAR, THE SAVINGS THAT THE MUNICIPALITY RECEIVED FROM THE REFUNDING. THEREFORE, EACH OF THE FIRMS VIOLATED THE FEDERAL SECURITIES LAWS BY SELLING SECURITIES TO MUNICIPALITIES AT INFLATED PRICES AND JEOPARDIZING THE TAX-EXEMPT STATUS OF THE MUNICIPALITIES' REFUNDING BONDS. Current Status: Final Resolution: Consent Resolution Date: 04/06/2000 Sanctions Ordered: Disgorgement/Restitution, Censure, Cease and Desist/Injunction Resolution Details: (1) A CENSURE; (2) A CEASE AND DESIST ORDER PROHIBITING FROM FUTURE VIOLATIONS OF THE SECTIONS 17(A)(2) AND 17(A)(3) OF THE SECURITIES ACT OF 1933; AND (3) DISGORGEMENT OF $26.2 MILLION ($21.6 MILLION TO THE TREASURY AND $4.6 MILLION TO MUNICIPAL ISSUERS). Summary: +04/09/2000+ SEC NEWS DIGEST, ISSUE NO. 2000-65, DATED 04/06/2000, ENFORCEMENT PROCEEDINGS DISCLOSES: THE SEC TODAY BROUGHT AND SETTLED CIVIL ADMINISTRATIVE FRAUD CHARGES AGAINST TEN WALL STREET AND REGIONAL BROKERAGE FIRMS FOR OVERCHARGING MUNICIPALITIES FOR GOVERNMENT SECURITIES IN A PRACTICE COMMONLY KNOWN AS "YIELD BURNING." THE SETTLEMENTS ANNOUNCED TODAY ARE PART OF A GLOBAL RESOLUTION OF ALL YIELD BURNING CLAIMS WITH A TOTAL OF SEVENTEEN BROKERAGE FIRMS BY THE SEC, NASD REGULATION, INC., THE U.S. ATTORNEY FOR THE SOUTHERN DISTRICT OF NEW YORK, AND THE DEPARTMENT OF THE TREASURY. THIS GLOBAL RESOLUTION REQUIRES THE FIRMS TO PAY A TOTAL OF MORE THAN $139 MILLION. INCLUDING THE ACTIONS ANNOUNCED TODAY, MORE THAN $172 MILLION WILL HAVE BEEN PAID BY 21 FIRMS TO RESOLVE CHARGES OF YIELD BURNING AND RELATED CLAIMS. YIELD BURNING INVOLVES OVERCHARGES BY BROKERAGE FIRMS ON TREASURY SECURITIES PURCHASED WITH PROCEEDS FROM THE SALE OF MUNICIPAL BONDS. YIELD BURNING BY BROKERAGE FIRMS JEOPARDIZED THE TAX-EXEMPT STATUS OF INTEREST PAID TO HOLDERS OF THOSE BONDS. WITHOUT ADMITTING OR DENYING THE FINDINGS, EACH FIRM INCLUDING PAINEWEBBER INCORPORATED CONSENTED TO A CENSURE, A CEASE AND DESIST ORDER PROHIBITING FUTURE VIOLATIONS, AND AGREED TO DISGORGE THE ILL-GOTTEN GAINS IT RECEIVED FROM THE OVERCHARGING. (RELS. 33-7823; 34-42630; FILE NO. 3-10175) *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: SECURITIES AND EXCHANGE COMMISISON Date initiated: 04/06/2000 Docket/ NASD BrokerCheck October 14, 2005 Page 76 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Case Number: 95 CIV. 1963 Allegations: ON APRIL 6, 2000, THE SEC BROUGHT AND SETTLED CIVIL ADMINISTRATIVE CHARGES AGAINST TEN BROKERAGE FIRMS, INCLUDING PAINEWEBBER, RESOLVING ITS INVESTIGATION OF THE PRICING OF GOVERNMENT SECURITIES BY BROKER-DEALERS IN MUNICIPAL BOND ADVANCED REFUNDING TRANSACTIONS DURING THE PERIOD 1990 THROUGH 1994. CONSISTENT WITH THE SEC ORDERS INVOLVING THE OTHER BROKER-DEALERS IN THE SETTLEMENT, THE PAINEWEBBER ORDER CONTAINS FINDINGS THAT THE FIRM VIOLATED SECURITIES ACT SECTIONS 17(A)(2) AND 17(A)(3) BY EFFECTING DEFEASANCE ESCROW TRANSACTIONS WITH MUNICIPALITIES AT PRICES DEEMED ?NOT REASONABLY RELATED TO THE CURRENT WHOLESALE MARKET PRICES FOR THE SECURITIES UNDER THE PARTICULAR FACTS AND CIRCUMSTANCES?.? PAINEWEBBER NEITHER ADMITTED NOR DENIED THE FINDINGS IN THE ORDER. Current Status: Final Resolution: Order Resolution Date: 04/06/2000 Sanctions Ordered: Monetary/Fine Monetary Amount: $26,179,383.95 Resolution Details: PURSUANT TO THE TERMS OF THE ORDER, PAINEWEBBER IS REQUIRED TO PAY $21,571,057.72 TO THE UNITED STATES TREASURY UNDER AN AGREEMENT SIMULTANEOUSLY ENTERED INTO AMONG PAINEWEBBER, THE INTERNAL REVENUE SERVICE AND THE UNITED STATES ATTORNEY FOR THE SOUTHERN DISTRICT OF NEW YORK, AND ALSO MUST MAKE CERTAIN PAYMENTS TOTALING $4,608,326.23 TO CERTAIN SPECIFIED MUNICIPAL ISSUERS. Summary: THE SEC SETTLEMENTS ARE PART OF A GLOBAL RESOLUTION INVOLVING 17 BROKERAGE FIRMS AND THE SEC, NASD REGULATION, INC., THE UNITED STATES ATTORNEY FOR THE SOUTHERN DISTRICT OF NEW YORK AND THE INTERNAL REVENUE SERVICE. THE GLOBAL RESOLUTION REQUIRES THE FIRMS TO PAY A TOTAL OF MORE THAN $135 MILLION. ****** REGULATORY ACTION (71 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 09/12/2000 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 02/11/2000 Docket/ Case Number: CMS000013 Allegations: NASD RULE 11AC1-1(C)(1)- THE FIRM ACTED IN THE CAPACITY OF AN OTC MARKET MAKER AND ACCOUNTED FOR MORE THAN ONE PERCENT OF THE AGGREGATE TRADING VOLUME DURING THE THE THIRD QUARTER OF 1997 IN THE SECURITY. THE FIRM FAILED TO PUBLICLY DISSEMINATE ITS BEST BIDS, BEST OFFERS, AND QUOTATION SIZE. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 02/11/2000 Sanctions Ordered: Monetary/Fine Monetary Amount: $3,500.00 Resolution Details: FINED $3,500. Summary: *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASD REGULATION INC. NASD BrokerCheck October 14, 2005 Page 77 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date initiated: 10/28/1999 Docket/ Case Number: MRDTM95-112 Allegations: PAINEWEBBER IS ALLEGED TO HAVE VIOLATED SEC RULE 11AC1-1(C)(1) BY ACCOUNTING FOR MORE THAN 1% OF THE AGGREGATE TRADING VOLUME IN 50 EXCHANGE-LISTED SECURITIES IN THE CAPACITY OF AN OTC MARKET MAKER DURING THE THIRD QUARTER OF 1997, FOR WHICH THE FIRM DID NOT REGISTER AS A MARKET MAKER WITHIN TEN DAYS OF THE END OF THE QUARTER. FOR INDEPENDENT REASONS, THE FIRM CLOSED ITS 19C-3 DESK IN JANUARY 1998 AND THUS CEASED TRADING THESE SECURITIES AS AN OTC MARKET MAKER. NO DAMAGES ARE ALLEGED. Current Status: Final Resolution: Settled Resolution Date: 02/11/2000 Sanctions Ordered: Monetary/Fine Monetary Amount: $3,500.00 Resolution Details: ON FEBRUARY 11, 2000, THE NASD ACCEPTED THE FIRM'S OFFER TO SETTLE THIS MATTER BY PAYMENT OF A FINE OF $3500.00. Summary: ****** REGULATORY ACTION (72 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 09/07/2000 Initiated By: THE NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 01/24/2000 Docket/ Case Number: CMS990171 Allegations: NASD RULE 4613(E)AND SEC RULE 11AC1-4 - RESPONDENT MEMBER, A MARKET MAKER IN SECURITIES, WITHOUT MAKING REASONABLE EFFORTS TO AVOID A LOCKED MARKET BY EXECUTING TRANSACTIONS WITH ALL MARKET MAKERS WHOSE QUOTATIONS WOULD BE LOCKED, ENTERED A BID OR ASK QUOTATION IN THE NASDAQ STOCK MARKET WHICH CAUSED A LOCKED MARKET CONDITION TO OCCUR IN EACH INSTANCE; FAILED TO DISPLAY IMMEDIATELY CUSTOMER LIMIT ORDERS IN NASDAQ SECURITIES IN ITS PUBLIC QUOTATION, WHEN EACH SUCH ORDER WAS AT A PRICE THAT WOULD HAVE IMPROVED THE FIRM'S BID OR OFFER IN EACH SUCH SECURITY, OR WHEN EACH SUCH ORDER WAS PRICED EQUAL TO THE FIRM'S BID OR OFFER AND THE NATIONAL BEST BID OR OFFER FOR EACH SUCH SECURITY, AND THE SIZE OF THE ORDER REPRESENTED MORE THAN A DE MINIMIS CHARGE IN RELATION TO THE SIZE ASSOCIATED WITH THE FIRM'S BID OR OFFER IN EACH SUCH SECURITY. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 01/24/2000 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $8,000.00 Resolution Details: CENSURED AND FINED $8,000. Summary: *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS Date initiated: 10/28/1999 NASD BrokerCheck October 14, 2005 Page 78 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Docket/ Case Number: CMS990171AWC Allegations: PAINEWEBBER IS ALLEGED TO HAVE VIOLATED TWO RULES: (1) IN 15 INSTANCES DURING 1997, THE FIRM IS ALLEGED TO HAVE VIOLATED NASD MARKETPLACE RULE 4613(E) BY ENTERING A QUOTATION ON THE NASDQ STOCK MARKET, INC. WHICH CAUSED A LOCKED OR CROSSED MARKET CONDITION WITHOUT MAKING REASONABLE EFFORTS TO AVOID THIS CONDITION; AND (2) IN JULY 1998, THE FIRM IS ALLEGED TO HAVE FAILED TO DISPLAY 9 CUSTOMER LIMIT ORDERS THAT WOULD HAVE EITHER IMPROVED PAINEWEBBER'S POSTED QUOTATION OR INCREASED THE SIZE OF ITS QUOTATION, IN VIOLATION OF SEC RULE 11AC1-4. NO DAMAGES ARE ALLEGED. THE FIRM HAS NEITHER ADMITTED NOR DENIED THE VIOLATIONS IN CONNECTION WITH THE SETTLEMENT OF THIS MATTER WITH THE NASD. HOWEVER, THE FIRM HAS BEEN WORKING TO IDENTIFY AND CORRECT SYSTEMIC IDIOSYNCRASIES THAT MAY HAVE CAUSED OR CONTRIBUTED TO THE ALLEGED INSTANCES, AND HAS ALSO REMINDED ITS TRADERS OF THE IMPORTANCE OF FOLLOWING PROPER PROCEDURES AND PROTOCOLS IN THESE AREAS. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 01/24/2000 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $8,000.00 Resolution Details: BY LETTER DATED JANUARY 24, 2000, THE NASD NOTIFIED PAINEWEBBER THAT IT HAS ACCEPTED THE FIRM'S PROPOSED AWC (LETTER OF ACCEPTANCE, WAIVER AND CONSENT). PURSUANT TO THIS AWC, THE FIRM HAS AGREED, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, TO A CENSURE AND TO PAY A FINE OF $3000.00 FOR THE LOCKED AND CROSSED MARKET VIOLATIONS AND $5000.00 FOR THE LIMIT ORDER DISPLAY VIOLATIONS. Summary: ****** REGULATORY ACTION (73 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE CHICAGO BOARD OF OPTIONS EXCHANGE Date initiated: 06/01/1985 Docket/ Case Number: #83-0136 Allegations: CHARGES THAT THE FIRM IMPROPERLY PURCHASED CALL OPTIONS ON SHARES OF GENERAL MOTORS PRIOR TO THE ISSUANCE OF A FAVORABLE RESEARCH RECOMMENDATION. Current Status: Final Resolution: Decision & Order of Offer of Settlement Resolution Date: 06/01/1985 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $30,000.00 Resolution Details: IN JUNE, 1985, PAINEWEBBER, INCORPORATED WAS CENSURED AND FINED $30,000 JOINTLY BY THE NEW YORK STOCK EXCHANGE AND THE CHICAGO BOARD OF OPTIONS EXCHANGE, PURSUANT TO AN OFFER OF SETTLEMENT, IN CONNECTION WITH CHARGES THAT THE FIRM IMPROPERLY PURCHASED COMMON STOCK AND CALL OPTIONS ON THE SHARES OF GENERAL MOTORS PRIOR TO THE ISSUANCE OF A FAVORABLE RESEARCH RECOMMENDATION. Summary: ****** REGULATORY ACTION (74 of 302) ****** NASD BrokerCheck October 14, 2005 Page 79 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE NEW YORK STOCK EXCHANGE Date initiated: 06/01/1985 Docket/ Case Number: D-NYSE-85-49 Allegations: CHARGES THAT THE FIRM IMPROPERLY PURCHASED COMMON STOCK ON SHARES OF GENERAL MOTORS PRIOR TO THE ISSUANCE OF A FAVORABLE RESEARCH RECOMMENDATION. Current Status: Final Resolution: Decision & Order of Offer of Settlement Resolution Date: 06/01/1985 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $30,000.00 Resolution Details: IN JUNE, 1985, PAINEWEBBER, INCORPORATED WAS CENSURED AND FINED $30,000 JOINTLY BY THE NEW YORK STOCK EXCHANGE AND THE CHICAGO BOARD OF OPTIONS EXCHANGE, PURSUANT TO AN OFFER OF SETTLEMENT, IN CONNECTION WITH CHARGES THAT THE FIRM IMPROPERLY PURCHASED COMMON STOCK AND CALL OPTIONS ON THE SHARES OF GENERAL MOTORS PRIOR TO THE ISSUANCE OF A FAVORABLE RESEARCH RECOMMENDATION. Summary: ****** REGULATORY ACTION (75 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE CHICAGO MERCANTILE EXCHANGE Date initiated: 08/01/1973 Docket/ Case Number: UNKNOWN Allegations: VIOLATION OF RULE 403(C). Current Status: Final Resolution: Decision Resolution Date: 08/01/1973 Sanctions Ordered: Monetary/Fine Monetary Amount: $1,000.00 Resolution Details: IN AUGUST, 1973, PAINE, WEBBER, JACKSON & CURTIS INCOR- PORATED WAS FINED $1,000.00 BY THE CHICAGO MERCANTILE EXCHANGE FOR A VIOLATION OF RULE 403(C). Summary: ****** REGULATORY ACTION (76 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE CHICAGO BOARD OF OPTIONS EXCHANGE INC Date initiated: 12/01/1982 Docket/ Case Number: 82-0103 NASD BrokerCheck October 14, 2005 Page 80 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Allegations: VIOLATION OF CBOE EXCHANGE RULES 4.1, 4.2, AND 15.1. Current Status: Final Resolution: Decision Resolution Date: 12/01/1982 Sanctions Ordered: Monetary/Fine Monetary Amount: $5,000.00 Resolution Details: IN DECEMBER, 1982, THE BUSINESS CONDUCT COMMITTEE OF THE CHICAGO BOARD OF OPTIONS EXCHANGE INC IMPOSED A FINE OF $5,000 AS AGAINST PAINE, WEBBER, JACKSON & CURTIS, INC. FOR A VIOLATION OF CBOE EXCHANGE RULES 4.1, 4.2, AND 15.1. Summary: ****** REGULATORY ACTION (77 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: AMERICAN STOCK EXCHANGE, INC. Date initiated: 06/01/1981 Docket/ Case Number: UNKNOWN Allegations: PURPORTED VIOLATION OF EXCHANGE RULE 906(A). Current Status: Final Resolution: Stipulation and Consent Resolution Date: 06/01/1981 Sanctions Ordered: Monetary/Fine Monetary Amount: $1,000.00 Resolution Details: IN JUNE, 1981, PAINE, WEBBER, JACKSON & CURTIS, INC. STIPULATED TO A FINE OF $1,000.00 IMPOSED BY THE AMERICAN STOCK EXCHANGE INC., FOR A PURPORTED VIOLATION OF EXCHANGE RULE 906(A). Summary: ****** REGULATORY ACTION (78 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: AMERICAN STOCK EXCHANGE, INC. Date initiated: 06/01/1982 Docket/ Case Number: UNKNOWN Allegations: PURPORTED VIOLATIONS OF ASE RULES 921 (A) AND (B), 923 (A) (1), 923 (B) (1), 421 (A) AND 924 (A) AND ARTICLE V, SECTION 4(H) OF THE EXCHANGE CONSTITUTION. Current Status: Final Resolution: Stipulation and Consent Resolution Date: 06/01/1982 Sanctions Ordered: Monetary/Fine, Censure NASD BrokerCheck October 14, 2005 Page 81 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Monetary Amount: $15,000.00 Resolution Details: IN JUNE, 1982, PAINE, WEBBER, JACKSON & CURTIS, INC. STIPULATED AND CONSENTED TO A CENSURE, FINE OF $15,000.00 AND CERTAIN REPORTING REQUIREMENTS TO THE AMERICAN STOCK EXCHANGE, INC. IMPOSED BY THAT EXCHANGE FOR PURPORTED VIOLATION OF ASE RULES 921 (A) AND (B), 923 (A) (1), 923 (B) (1), 421 (A) AND 924 (A) AND ARTICLE V, SECTION 4(H) OF THE EXCHANGE CONSTITUTION. Summary: ****** REGULATORY ACTION (79 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: PHILADELPHIA STOCK EXCHANGE Date initiated: 04/01/1985 Docket/ Case Number: 85-3 Allegations: POSITION LIMIT VIOLATIONS IN THE FIRM'S ACCOUNTS ON FOUR SEPARATE DAYS IN DECEMBER 1984 Current Status: Final Resolution: Decision & Order of Offer of Settlement Resolution Date: 04/01/1985 Sanctions Ordered: Monetary/Fine Monetary Amount: $500.00 Resolution Details: IN APRIL 1985, PAINE WEBBER WAS FINED $500 BY THE PHILADELPHIA STOCK EXCHANGE FOR POSITION LIMIT VIOLATIONS IN THE FIRM'S ACCOUNTS ON FOUR SEPARATE DAYS IN DECEMBER 1984. THE DECISION RESULTED FROM AN OFFER OF SETTLEMENT SUBMITTED BY PAINE WEBBER AND ACCEPTED BY THE EXCHANGE. Summary: ****** REGULATORY ACTION (80 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE MEMBER SERVICES COMMITTEE OF THE CHICAGO BOARD OF TRADE Date initiated: 03/01/1986 Docket/ Case Number: UNKNOWN Allegations: FAILURE TO NOTIFY THE EXCHANGE IN A TIMELY MANNER OF THE TERMINATION OF CERTAIN REGISTERED COMMODITY REPRESENTATIVES Current Status: Final Resolution: Decision Resolution Date: 03/01/1986 Sanctions Ordered: Monetary/Fine Monetary Amount: $2,500.00 Resolution Details: IN MARCH 1986, THE MEMBER SERVICES COMMITTEE OF THE CHICAGO BOARD OF TRADE FINED PAINEWEBBER $2,500 AFTER DETERMINING THAT THE FIRM VIOLATED EXCHANGE REGULATION 480.08, IN THAT THE FIRM FAILED TO NOTIFY THE EXCHANGE IN A TIMELY MANNER OF THE TERMINATION OF CERTAIN REGISTERED COMMODITY REPRESENTATIVES. NASD BrokerCheck October 14, 2005 Page 82 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Summary: ****** REGULATORY ACTION (81 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: AMERICAN STOCK EXCHANGE Date initiated: 10/01/1989 Docket/ Case Number: UNKNOWN Allegations: PAINEWEBBER ENGAGED IN CONDUCT INCONSISTENT WITH JUST AND EQUITABLE PRINCIPLES OF TRADE IN VIOLATION OF ARTICLE 5, SECTION (H) OF THE EXCHANGE'S CONSTITUTION REGARDING TRADES OCCURRING IN JANUARY, 1986. Current Status: Final Resolution: Stipulation and Consent Resolution Date: 04/09/1990 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $5,000.00 Resolution Details: IN OCTOBER OF 1989, PAINEWEBBER INCORPORATED ("PAINEWEBBER") CONSENTED TO A CENSURE AND A $5,000.00 FINE WITH THE AMERICAN STOCK EXCHANGE ("EXCHANGE") TO SETTLE A CHARGE THAT PAINEWEBBER ENGAGED IN CONDUCT INCONSISTENT WITH JUST AND EQUITABLE PRINCIPLES OF TRADE IN VIOLATION OF ARTICLE 5, SECTION (H) OF THE EXCHANGE'S CONSTITUTION REGARDING TRADES OCCURRING IN JANUARY, 1986. A DISCIPLINARY PANEL OF THE EXCHANGE ACCEPTED THE STIPULATION OF FACTS AND CONSENT TO PENALTY IN THIS MATTER ON APRIL 9, 1990. Summary: ****** REGULATORY ACTION (82 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE CHICAGO BOARD OF OPTIONS EXCHANGE, INC. Date initiated: 09/01/1976 Docket/ Case Number: UNKNOWN Allegations: ALLOWING AN EMPLOYEE TO APPEAR ON THE CBOE FLOOR WITHOUT PROPER IDENTIFICATION. Current Status: Final Resolution: Decision Resolution Date: 09/01/1976 Sanctions Ordered: Monetary/Fine Monetary Amount: $100.00 Resolution Details: IN SEPTEMBER, 1976, THE CHICAGO BOARD OF OPTIONS EXCHANGE, INC. IMPOSED A FINE OF $100.00 UPON PAINE, WEBBER, JACKSON & CURTIS FOR ALLOWING AN EMPLOYEE TO APPEAR ON THE CBOE FLOOR WITHOUT PROPER IDENTIFICATION. Summary: ****** REGULATORY ACTION (83 of 302) ****** NASD BrokerCheck October 14, 2005 Page 83 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: A DISTRICT BUSINESS CONDUCT COMMITTEE OF THE NASD, INC. Date initiated: 12/01/1982 Docket/ Case Number: UNKNOWN Allegations: VIOLATION OF SECTION 27 OF THE ASSOCIATION'S RULES OF FAIR PRACTICE. Current Status: Final Resolution: Decision Resolution Date: 12/01/1982 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $5,000.00 Resolution Details: IN DECEMBER, 1981, A DISTRICT BUSINESS CONDUCT COMMITTEE OF THE NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. IMPOSED A PENALTY OF A CENSURE AND $5,000.00 FINE JOINTLY AND SEVERALLY AGAINST PAINE, WEBBER, JACKSON & CURTIS INC AND TWO OF ITS EX-BRANCH MANAGERS FOR A VIOLATION OF SECTION 27 OF THE ASSOCIATION'S RULES OF FAIR PRACTICE. Summary: ****** REGULATORY ACTION (84 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: CHICAGO BOARD OF OPTIONS EXCHANGE Date initiated: 01/01/1992 Docket/ Case Number: UNKNOWN Allegations: POSITION LIMIT VIOLATIONS Current Status: Final Resolution: Order Resolution Date: 01/01/1992 Sanctions Ordered: Monetary/Fine Monetary Amount: $10,000.00 Resolution Details: IN JANUARY 1992, PAINEWEBBER INCORPORATED AGREED TO A $10,000.00 FINE ISSUED BY THE CHICAGO BOARD OF OPTIONS EXCHANGE FOR POSITION LIMIT VIOLATIONS. Summary: ****** REGULATORY ACTION (85 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE DISTRICT BUSINESS CONDUCT COMMITTEE OF THE NASD, INC. Date initiated: 09/01/1982 Docket/ Case Number: UNKNOWN NASD BrokerCheck October 14, 2005 Page 84 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Allegations: VIOLATION OF SECTION 1, ARTICLE III OF THE ASSOCIATION'S RULES OF FAIR PRACTICE. Current Status: Final Resolution: Decision Resolution Date: 09/01/1982 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $5,000.00 Resolution Details: IN SEPTEMBER, 1982, THE DISTRICT BUSINESS CONDUCT COMMITTEE OF THE NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. IMPOSED A PENALTY OF A CENSURE AND A $5,000.00 FINE AS AGAINST PAINE, WEBBER, JACKSON & CURTIS, INC FOR VIOLATION OF SECTION 1, ARTICLE III OF THE ASSOCIATION'S RULES OF FAIR PRACTICE. Summary: ****** REGULATORY ACTION (86 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NEW YORK STOCK EXCHANGE, INC Date initiated: 03/01/1991 Docket/ Case Number: UNKNOWN Allegations: ALLEGED POSITION LIMIT VIOLATIONS. Current Status: Final Resolution: Other Resolution Date: 03/01/1991 Sanctions Ordered: Monetary/Fine Monetary Amount: $1,000.00 Resolution Details: IN MARCH, 1991, PAINEWEBBER INCORPORATED AGREED TO A $1,000.00 FINE ISSUED BY THE NEW YORK STOCK EXCHANGE, INC. FOR POSITION LIMIT VIOLATIONS. Summary: ****** REGULATORY ACTION (87 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE CHICAGO BOARD OF TRADE. Date initiated: 11/01/1988 Docket/ Case Number: UNKNOWN Allegations: THE ALLEGATIONS CONCERNED A FAILURE BY PAINEWEBBER TO PROPERLY TIME-STAMP FLOOR ORDER TICKETS AND FLOOR ORDERS; AND THAT PAINEWEBBER FAILED TO PROVIDE CERTAIN FLOOR ORDER TICKETS AND DISCRETIONARY ORDER TICKETS AND THEREBY FAILED TO KEEP ACCURATE AND COMPLETE BOOKS AND RECORDS. Current Status: Final Resolution: Decision Resolution Date: 10/01/1988 NASD BrokerCheck October 14, 2005 Page 85 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Sanctions Ordered: Monetary/Fine Monetary Amount: $500.00 Resolution Details: IN OCTOBER, 1988 PAINEWEBBER WAS FINED $500.00 BY THE CHICAGO BOARD OF TRADE. THE ALLEGATIONS CONCERNED A FAILURE BY PAINEWEBBER TO PROPERLY TIME-STAMP FLOOR ORDER TICKETS AND FLOOR ORDERS; AND THAT PAINEWEBBER FAILED TO PROVIDE CERTAIN FLOOR ORDER TICKETS AND DISCRETIONARY ORDER TICKETS AND THEREBY FAILED TO KEEP ACCURATE AND COMPLETE BOOKS AND RECORDS. Summary: ****** REGULATORY ACTION (88 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASD Date initiated: 07/01/1972 Docket/ Case Number: UNKNOWN Allegations: FAILURE TO REPORT VOLUME ON NASDAQ. Current Status: Final Resolution: Decision Resolution Date: 07/01/1972 Sanctions Ordered: Monetary/Fine Monetary Amount: $100.00 Resolution Details: IN JULY, 1972, PAINE, WEBBER, JACKSON & CURTIS INCORPORATED WAS FINED $100.00 BY NASD FOR FAILURE TO REPORT VOLUME ON NASDAQ. Summary: ****** REGULATORY ACTION (89 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE COFFEE, SUGAR AND COCOA EXCHANGE Date initiated: 05/01/1985 Docket/ Case Number: UNKNOWN Allegations: ALLEGED VIOLATIONS OF CLEARING RULE 703 AND COFFEE "C" RULE 8.05 (5). Current Status: Final Resolution: Decision Resolution Date: 05/01/1985 Sanctions Ordered: Monetary/Fine Monetary Amount: $2,500.00 Resolution Details: IN MAY, 1985, THE COFFEE, SUGAR AND COCOA EXCHANGE FINED PAINEWEBER INC. $2,500.00 FOR ALLEGED VIOLATIONS OF CLEARING RULE 703 AND COFFEE "C" RULE 8.05 (5). Summary: NASD BrokerCheck October 14, 2005 Page 86 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) ****** REGULATORY ACTION (90 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: AMERICAN STOCK EXCHANGE Date initiated: 11/01/1988 Docket/ Case Number: DECISION 86-D-11 Allegations: ALLEGATIONS THAT THE ACTIVITIES OF TWO RESPONDENT BROKERS WERE IN VIOLATION OF EXCHANGE RULES CONCERNING: UNAUTHORIZED OPTIONS TRADE OF POSITIONS, UNAUTHORIZED STOCK TRANSACTIONS, FAILURE TO PROPERLY MAINTAIN ACCOUNT RECORDS, IMPROPER ACCOUNT NUMBER CHANGES, FAILURE TO DETECT ACCOUNT NUMBER CHANGES AND FAILURE TO GIVE REGISTERED OPTIONS PRINCIPAL APPROVAL TO ACCOUNTS PRIOR TO OPTIONS TRADING. Current Status: Final Resolution: Decision Resolution Date: 11/01/1988 Sanctions Ordered: Monetary/Fine Monetary Amount: $10,000.00 Resolution Details: IN NOVEMBER, 1988 PAINEWEBBER WAS FINED $10,000.00 BY THE AMERICAN STOCK EXCHANGE AND INSTRUCTED TO DEVELOP PROCEDURES ENHANCE AND ENFORCE ITS SURVEILLANCE PROCEDURES TO PREVENT A REOCCURRENCE. THE DECISION WAS REACHED BY THE DISCIPLINARY PANEL OF THE AMERICAN STOCK EXCHANGE AND CONCERNED ALLEGATIONS THAT THE ACTIVITIES OF TWO RESPONDENT BROKERS WERE IN VIOLATION OF EXCHANGE RULES CONCERNING: UNAUTHORIZED OPTIONS TRADE OF POSITIONS, UNAUTHORIZED STOCK TRANSACTIONS, FAILURE TO PROPER MAINTAIN ACCOUNT RECORDS, IMPROPER ACCOUNT NUMBER CHANGES, FAILURE TO DETECT ACCOUNT NUMBER CHANGES AND FAILURE TO GIVE REGISTERED OPTIONS PRINCIPAL APPROVAL TO ACCOUNTS PRIOR TO OPTIONS TRADING. Summary: ****** REGULATORY ACTION (91 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE PHILADELPHIA STOCK EXCHANGE Date initiated: 12/01/1985 Docket/ Case Number: 85-11 Allegations: ALLEGATIONS THAT THE FIRM PERMITTED A SINGLE CLIENT TO EXCEED POSITION LIMITS IN AN OPTIONS TRANSACTIONS. Current Status: Final Resolution: Decision & Order of Offer of Settlement Resolution Date: 12/01/1985 Sanctions Ordered: Monetary/Fine Monetary Amount: $1,000.00 Resolution Details: IN DECEMBER, 1985, THE PHILADELPHIA STOCK EXCHANGE ACCEPTED AN OFFER MADE BY PAINEWEBER WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, TO PAY $1,000 TO SETTLE A CHARGE THAT THE FIRM PERMITTED A SINGLE CLIENT TO EXCEED POSITION LIMITS IN AN OPTIONS TRANSACTIONS. NASD BrokerCheck October 14, 2005 Page 87 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Summary: ****** REGULATORY ACTION (92 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE COMMISSIONER OF SECURITIES, STATE OF GEORGIA, Date initiated: 05/01/1983 Docket/ Case Number: UNKNOWN Allegations: PAINEWEBBER PERMITTED SIX (6) SALESMEN IN THE ATLANTA OFFICE TO CONDUCT SECURITIES TRANSACTIONS WITH GEORGIA RESIDENTS, WHILE UNREGISTERED IN THE STATE OF GEORGIA, IN VIOLATION OF SECTION 3 OF THE GEORGIA SECURITIES ACT OF 1973. Current Status: Final Resolution: Consent Resolution Date: 05/01/1983 Sanctions Ordered: Monetary/Fine, Suspension Monetary Amount: $2,000.00 Resolution Details: IN MAY, 1983, PAINE, WEBBER, JACKSON & CURTIS, INC. WAS THE SUBJECT OF A CONSENT ORDER BY THE COMMISSIONER OF SECURITIES, STATE OF GEORGIA, IN WHICH THE FIRM AGREED TO A SUSPENSION FROM THE ACCEPTANCE OF ANY NEW GEORGIA RESIDENT ACCOUNTS FOR THE PERIOD OF FIVE (5) DAYS AND A FINE IN THE AMOUNT OF $2,000.00. THE ORDER FINDS THAT PAINEWEBBER PERMITTED SIX (6) SALESMEN IN THE ATLANTA OFFICE TO CONDUCT SECURITIES TRANSACTIONS WITH GEORGIA RESIDENTS, WHILE UNREGISTERED IN THE STATE OF GEORGIA, IN VIOLATION OF SECTION 3 OF THE GEORGIA SECURITIES ACT OF 1973. Summary: ****** REGULATORY ACTION (93 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE PACIFIC STOCK EXCHANGE Date initiated: 06/01/1982 Docket/ Case Number: UNKNOWN Allegations: A PURPORTED VIOLATION OF ARTICLE XI SECTION 2(B) OF THAT EXCHANGE. Current Status: Final Resolution: Stipulation and Consent Resolution Date: 06/01/1982 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $2,500.00 Resolution Details: IN JUNE, 1982, PAINE, WEBBER, JACKSON & CURTIS, INC. STIPULATED AND CONSENTED TO A CENSURE AND FINE OF $2,500.00 IMPOSED ON IT BY THE PACIFIC STOCK EXCHANGE, INC. FOR A PURPORTED VIOLATION OF ARTICLE XI SECTION 2(B) OF THAT EXCHANGE. Summary: NASD BrokerCheck October 14, 2005 Page 88 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) ****** REGULATORY ACTION (94 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE CHICAGO MERCANTILE EXCHANGE ("CME") Date initiated: 05/01/1991 Docket/ Case Number: 91-335-FP Allegations: ALLEGED THAT PAINEWEBBER ACCEPTED CONTEMPORANEOUS BUY AND SELL ORDERS FOR THE SAME CUSTOMER ACCOUNT IN S & P 500 STOCK PRICE INDEX FUTURES ON TRADE DATES OCTOBER 3, OCTOBER 30, AND DECEMBER 5, 1990, IN VIOLATION OF EXCHANGE RULE 433.B (UNCOMMERICAL CONDUCT). Current Status: Final Resolution: Settled Resolution Date: 06/28/1991 Sanctions Ordered: Monetary/Fine Monetary Amount: $7,500.00 Resolution Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS CONTAINED IN THE NOTICE OF CHARGE, PAINEWEBBER SUBMITTED AN OFFER OF SETTLEMENT. THE SETTLEMENT WAS ACCEPTED BY THE FLOOR PRACTICES COMMITTEE, FINANCIAL DIVISION OF THE CME ("COMMITTEE") ON JUNE 28, 1991, AND IN CONNECTION THEREWITH, THE COMMITTEE IMPOSED A $7,500.00 FINE ON PAINEWEBBER. Summary: IN MAY, 1991, THE CHICAGO MERCANTILE EXCHANGE ("CME") PROBABLE CAUSE COMMITTEE ISSUED A NOTICE OF CHARGE (91-335-FP) AGAINST PAINEWEBBER INCORPORATED ("PAINEWEBBER") WHICH ALLEGED THAT PAINEWEBBER ACCEPTED CONTEMPORANEOUS BUY AND SELL ORDERS FOR THE SAME CUSTOMER ACCOUNT IN S & P 500 STOCK PRICE INDEX FUTURES ON TRADE DATES OCTOBER 3, OCTOBER 30, AND DECEMBER 5, 1990, IN VIOLATION OF EXCHANGE RULE 433.B (UNCOMMERICAL CONDUCT). WITHOUT ADMITTING OR DENYING THE ALLEGATIONS CONTAINED IN THE NOTICE OF CHARGE, PAINEWEBBER SUBMITTED AN OFFER OF SETTLEMENT. THE SETTLEMENT WAS ACCEPTED BY THE FLOOR PRACTICES COMMITTEE, FINANCIAL DIVISION OF THE CME ("COMMITTEE") ON JUNE 28, 1991, AND IN CONNECTION THEREWITH, THE COMMITTEE IMPOSED A $7,500.00 FINE ON PAINEWEBBER. ****** REGULATORY ACTION (95 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: OFFICE OF COMMISSIONER OF FINANCIAL INSTITUTIONS OF PUERTO RICO Date initiated: 03/13/1996 Docket/ Case Number: 96-DL-V-02 Allegations: FAILURE TO SUPERVISE REASONABILY THREE INVESTMENT EXECUTIVES FORMERLY EMPLOYED BY THE FIRM. Current Status: Final Resolution: Consent Resolution Date: 03/15/1996 Sanctions Ordered: Monetary/Fine Monetary Amount: $99,000.00 Resolution Details: CONSENT AGREEMENT AND UNDERTAKING; WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, THE FIRM AGREED TO PREPARE REPORTS CONCERNING CUSTOMER COMPLAINTS, TO REIMBURSE THE CFI FOR THE COSTS OF INVESTIGATION AND TO CONTRIBUTE $99,000 TO PUBLIC TRAINING AND NASD BrokerCheck October 14, 2005 Page 89 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) EDUCATION FUNDS. Summary: ****** REGULATORY ACTION (96 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE CHICAGO BOARD OF OPTIONS EXCHANGE Date initiated: 07/01/1985 Docket/ Case Number: 84-0033 Allegations: ALLEGATIONS THAT THE FIRM'S OPTION TRADER, ON A SINGLE OCCASION IN JUNE 1983, TRADED OPTIONS WHILE IN POSSESSION OF INFORMATION THAT A LARGE BLOCK TRANSACTION WAS IMMINENT, AND THAT SUCH A CONDUCT VIOLATED EXCHANGE RULE 4.1. Current Status: Final Resolution: Decision & Order of Offer of Settlement Resolution Date: 07/01/1985 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $6,000.00 Resolution Details: IN JULY, 1985, PAINE, WEBBER, JACKSON & CURTIS, INC. WAS CENSURED AND FINED $6,000.00 BY THE CHICAGO BOARD OF OPTIONS EXCHANGE PURSUANT TO AN OFFER OF SETTLEMENT, IN CONNECTION WITH ALLEGATIONS THAT THE FIRM'S OPTION TRADER, ON A SINGLE OCCASION IN JUNE 1983, TRADED OPTIONS WHILE IN POSSESSION OF INFORMATION THAT A LARGE BLOCK TRANSACTION WAS IMMINENT, AND THAT SUCH A CONDUCT VIOLATED EXCHANGE RULE 4.1. Summary: ****** REGULATORY ACTION (97 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NEW YORK STOCK EXCHANGE, INC. Date initiated: 02/01/1991 Docket/ Case Number: UNKNOWN Allegations: ALLEGED THAT PAINEWEBBER FAILED TO REPORT TO THE NYSE AND ITS DESIGNATED AGENT, THE CENTRAL REGISTRATION DEPOSITORY, THE TERMINATION OF ONE OF ITS REGISTERED REPRESENTATIVES WITHIN THIRTY (30) DAYS OF TERMINATION. Current Status: Final Resolution: Other Resolution Date: 02/01/1991 Sanctions Ordered: Monetary/Fine Monetary Amount: $1,000.00 Resolution Details: IN FEBRUARY, 1991, PAINEWEBBER INCORPORATED AGREED TO A $1,000.00 FINE ISSUED BY THE NEW YORK STOCK EXCHANGE, INC. ("NYSE") FOR AN ALLEGED VIOLATION OF NYSE RULE 345.17. THE NYSE ALLEGED THAT PAINEWEBBER FAILED TO REPORT TO THE NYSE AND ITS DESIGNATED AGENT, THE CENTRAL REGISTRATION DEPOSITORY, THE TERMINATION OF ONE OF ITS REGISTERED REPRESENTATIVES WITHIN THIRTY (30) DAYS OF TERMINATION. NASD BrokerCheck October 14, 2005 Page 90 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Summary: ****** REGULATORY ACTION (98 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC., DISTRICT 12. Date initiated: 11/01/1988 Docket/ Case Number: MY-6059 Allegations: A REVIEW OF MUNICIPAL UNDERWRITING UNDERTAKEN BY PAINEWEBBER REVEALED THAT IN TWO INSTANCES THE FIRM FAILED TO PAY THE UNDERWRITING ASSESSMENT WITHIN 30 DAYS FOLLOWING THE SETTLEMENT WITH THE ISSUER. FURTHER, A REVIEW OF SIX MUNICIPAL UNDERWRITINGS REVEALED THAT IN FOUR INSTANCES THE FIRM FAILED TO EFFECT FINAL SETTLEMENT WITH THE SYNDICATE WITHIN 60 DAYS FOLLOWING THE DATE SECURITIES WERE DELIVERED TO THE SYNDICATE MEMBERS. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 11/01/1988 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $2,000.00 Resolution Details: IN NOVEMBER, 1988 PAINEWEBBER SUBMITTED A LETTER OF ACCEPTANCE WAIVER AND CONSENT TO THE NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC., DISTRICT 12. PAINEWEBBER WAS CENSURED AND FINED $2,000.00. A REVIEW OF MUNICIPAL UNDERWRITING UNDERTAKEN BY PAINEWEBBER REVEALED THAT IN TWO INSTANCES THE FIRM FAILED TO PAY THE UNDERWRITING ASSESSMENT WITHIN 30 DAYS FOLLOWING THE SETTLEMENT WITH THE ISSUER. FURTHER, A REVIEW OF SIX MUNICIPAL UNDERWRITINGS REVEALED THAT IN FOUR INSTANCES THE FIRM FAILED TO EFFECT FINAL SETTLEMENT WITH THE SYNDICATE WITHIN 60 DAYS FOLLOWING THE DATE SECURITIES WERE DELIVERED TO THE SYNDICATE MEMBERS. Summary: ****** REGULATORY ACTION (99 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: DISTRICT BUSINESS CONDUCT COMMITTEE OF THE NASD Date initiated: 06/01/1979 Docket/ Case Number: UNKNOWN Allegations: VIOLATION OF ARTICLE III, SECTION 1 OF THE ASSOCIATION'S RULES OF FAIR PRACTICE. Current Status: Final Resolution: Decision Resolution Date: 07/01/1979 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $500.00 Resolution Details: IN JUNE, 1979, A DISTRICT BUSINESS CONDUCT COMMITTEE OF THE NASD CENSURED AND FINED $500.00 AN OFFICER OF PAINE, WEBER,JACKSON & CURTIS, INC. FOR A VIOLATION OF ARTICLE III, SECTION 1 OF THE ASSOCIATION'S RULES OF FAIR PRACTICE. NASD BrokerCheck October 14, 2005 Page 91 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Summary: ****** REGULATORY ACTION (100 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE CHICAGO BOARD OF OPTIONS EXCHANGE Date initiated: 03/01/1981 Docket/ Case Number: UNKNOWN Allegations: VIOLATIONS OF CBOE RULE 4.11. Current Status: Final Resolution: Consent Resolution Date: 03/01/1981 Sanctions Ordered: Monetary/Fine Monetary Amount: $15,000.00 Other Sanctions: ADMONISHMENT Resolution Details: IN MARCH, 1981, PAINE, WEBBER,JACKSON & CURTIS, INC. CONSENTED TO THE IMPOSITION OF AN ADMONISHMENT AND A $15,000 FINE BY THE CHICAGO BOARD OF OPTIONS EXCHANGE FOR VIOLATIONS OF CBOE RULE 4.11. Summary: ****** REGULATORY ACTION (101 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE DISTRICT BUSINESS CONDUCT COMMITTEE OF THE NASD, INC. Date initiated: 10/01/1982 Docket/ Case Number: UNKNOWN Allegations: FOR VIOLATION OF SECTION 1, ARTICLE III OF THE ASSOCIATION'S RULES OF FAIR PRACTICE Current Status: Final Resolution: Decision Resolution Date: 10/01/1982 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $5,000.00 Resolution Details: IN OCTOBER, 1982, THE DISTRICT BUSINESS CONDUCT COMMITTEE OF THE NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. IMPOSED A PENALTY OF A CENSURE AND A $5,000.00 FINE AS AGAINST PAINE, WEBBER, JACKSON & CURTIS, INC. FOR VIOLATION OF SECTION 1, ARTICLE III OF THE ASSOCIATION'S RULES OF FAIR PRACTICE. Summary: ****** REGULATORY ACTION (102 of 302) ****** Reporting Source: Brokerage Firm (Form BD) NASD BrokerCheck October 14, 2005 Page 92 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date Reported: Initiated By: THE FLOOR GOVERNORS COMMITTEE OF THE CHICAGO BOARD OF TRADE Date initiated: 08/01/1984 Docket/ Case Number: Allegations: VIOLATION OF CBT REGULATION 322.02 FOR FAILURE TO PROPERLY RECORD THE CORRECT HALF-HOUR BRACKET CHARACTER FOR TRADES EXECUTED ON THE EXCHANGE FLOOR. Current Status: Final Resolution: Decision Resolution Date: 08/01/1984 Sanctions Ordered: Monetary/Fine Monetary Amount: $200.00 Resolution Details: IN AUGUST, 1984, THE FLOOR GOVERNORS COMMITTEE OF THE CHICAGO BOARD OF TRADE FINED PAINE, WEBBER, JACKSON & CURTIS $200.00 FOR VIOLATION OF CBT REGULATION 322.02 FOR FAILURE TO PROPERLY RECORD THE CORRECT HALF-HOUR BRACKET CHARACTER FOR TRADES EXECUTED ON THE EXCHANGE FLOOR. Summary: ****** REGULATORY ACTION (103 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE CHICAGO BOARD OF TRADE Date initiated: 10/01/1988 Docket/ Case Number: UNKNOWN Allegations: THE ALLEGATIONS CONCERNED A FAILURE BY PAINEWEBBER TO PROPERLY TIME-STAMP FLOOR ORDER TICKETS AND FLOOR ORDERS; AND THAT PAINEWEBBER FAILED TO PROVIDE CERTAIN FLOOR ORDER TICKETS AND DISCRETIONARY ORDER TICKETS AND THEREBY FAILED TO KEEP ACCURATE AND COMPLETE BOOKS AND RECORDS. Current Status: Final Resolution: Decision Resolution Date: 10/01/1988 Sanctions Ordered: Monetary/Fine Monetary Amount: $500.00 Resolution Details: IN OCTOBER, 1988, PAINEWEBBER INCORPORATED WAS FINED $500.00 BY THE CHICAGO BOARD OF TRADE. THE ALLEGATIONS CONCERNED A FAILURE BY PAINEWEBBER TO PROPERLY TIME-STAMP FLOOR ORDER TICKETS AND FLOOR ORDERS; AND THAT PAINEWEBBER FAILED TO PROVIDE CERTAIN FLOOR ORDER TICKETS AND DISCRETIONARY ORDER TICKETS AND THEREBY FAILED TO KEEP ACCURATE AND COMPLETE BOOKS AND RECORDS. Summary: ****** REGULATORY ACTION (104 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE CHICAGO MERCANTILE EXCHANGE (CME) NASD BrokerCheck October 14, 2005 Page 93 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date initiated: 06/01/1991 Docket/ Case Number: 90-FPC-3010 Allegations: IN JUNE 1990, THE CHICAGO MERCANTILE EXCHANGE (CME) PROBABLE CAUSE COMMITTEE ISSUED A NOTICE OF CHARGE (90-FPC-3010) AGAINST PAINEWEBBER INCORPORATED ("PAINEWEBBER") AND ITS EMPLOYEES JOSEPH SAVINO ("SAVINO") AND STEVEN BAUER ("BAUER") WHICH ALLEGED THAT THE RESPONDENTS VIOLATED CME RULE 433.B (UNCOMMERCIAL CONDUCT) IN THAT TO RESOLVE AN ERROR, ON SEPTEMBER 27, 1989, SAVINO AND BAUER INITIATED A 5-CONTRACT SPZ TRADE BETWEEN A PAINEWEBBER HOUSE ACCOUNT AND ANOTHER MEMBER'CCOUNT WHICH WAS NOT EXECUTED IN THE PIT BY OPEN OUTCRY. Current Status: Final Resolution: Settled Resolution Date: 10/08/1990 Sanctions Ordered: Monetary/Fine Monetary Amount: $1,000.00 Resolution Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS CONTAINED IN THE NOTICE OF CHARGE, PAINEWEBBER, SAVINO AND BAUER SUBMITTED AN OFFER OF SETTLEMENT. THE SETTLEMENT WAS ACCEPTED BY THE FLOOR PRACTICES COMMITTEE, FINANCIAL DIVISION OF THE CME ("COMMITTEE") ON OCTOBER 8, 1990, AND IN CONNECTION THEREWITH THE COMMITTEE IMPOSED A $1,000.00 FINE ON EACH OF THE RESPONDENTS. Summary: ****** REGULATORY ACTION (105 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE NASD INC., DISTRICT BUSINESS CONDUCT COMMITTEE FOR DIST. #6 Date initiated: 08/01/1991 Docket/ Case Number: UNKNOWN Allegations: ALLEGED THAT PAINEWEBBER DID NOT TIMELY AMEND THE U-5 TERMINATION NOTICE FOR ONE OF ITS REGISTERED REPRESENTATIVES TO DISCLOSE A PENDING INVESTIGATION. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 08/01/1991 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $5,000.00 Resolution Details: IN AUGUST, 1991, PAINEWEBBER INCORPORATED ("PAINEWEBBER") AGREED TO ENTER INTO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT ("AWC") WITH THE NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC., DISTRICT BUSINESS CONDUCT COMMITTEE FOR DISTRICT NO. 6 WHEREBY PAINEWEBBER WAS CENSURED AND FINED $5,000.00. WITHOUT ADMITTING OR DENYING THE FACTS AS OUTLINED IN THE AWC, IT WAS DETERMINED THAT PAINEWEBBER DID NOT TIMELY AMEND THE U-5 TERMINATION NOTICE FOR ONE OF ITS REGISTERED REPRESENTATIVES TO DISCLOSE A PENDING INVESTIGATION. Summary: ****** REGULATORY ACTION (106 of 302) ****** Reporting Source: Brokerage Firm (Form BD) NASD BrokerCheck October 14, 2005 Page 94 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date Reported: Initiated By: CHICAGO BOARD OF TRADE Date initiated: 08/15/1991 Docket/ Case Number: UNKNOWN Allegations: THE CHICAGO BOARD OF TRADE ("CBOT") FLOOR GOVERRNORS COMMITTEE ISSUED TWO (2) SEPARATE "CHARGE LETTERS", ONE TO A CURRENT PAINEWEBBER EMPLOYEE, TERRANCE SHANAHAN AND ONE TO PAINEWEBBER INCORPORATED, IN WHICH THE CBOT DETERMINED THAT THERE WAS A REASONABLE BASIS FOR TAKING DISCIPLINARY ACTION AGAINST BOTH THE EMPLOYEE AND PAINEWEBBER FOR VARIOUS ALLEGED VIOLATIONS OF THE FOLLOWING CBOT RULES: REGULATION 350.05(F),545.00, 545.01, 504.00, 301.05 AND APPENDIX 3B - AND REGULATIONS. Current Status: Final Resolution: Settled Resolution Date: 05/21/1992 Sanctions Ordered: Monetary/Fine Monetary Amount: $15,000.00 Resolution Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS CONTAINED IN THE CHARGE LETTERS, PAINEWEBBER AND SHANAHAN SUBMITTED AND OFFER OF SETTLEMENT TO THE FLOOR GOVERNORS COMMITTEE OF THE CBOT. THE SETTLEMENT WAS ACCEPTED BY THE FLOOR GOVERNORS COMMITTEE ON MAY 21,1992 AND IN CONNECTION THEREWITH, THE COMMITTEE IMPOSED A FINE UPON PAINEWEBBER IN THE AMOUNT OF $15,000.00 AND A FINE UPON SHANAHAN OF $5,000.00. Summary: ****** REGULATORY ACTION (107 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE CHICAGO MERCANTILE EXCHANGE ("CME") Date initiated: 06/01/1991 Docket/ Case Number: 91-379-BC Allegations: ALLEGED THAT PAINEWEBBER ACCEPTED ORDERS FROM ONE OF ITS CUSTOMERS, AT VARIOUS TIMES DURING 1987, WITHOUT OBTAINING AND RECORDING PRIOR TO THEIR EXECUTION THE SPECIFIC ACCOUNTS FOR WHICH THE ORDERS WERE PLACED IN VIOLATION OF EXCHANGE RUEL 536 (RECORDS FOR ORDERS AND PERSONAL TRANSACTIONS). Current Status: Final Resolution: Settled Resolution Date: 10/29/1991 Sanctions Ordered: Monetary/Fine Monetary Amount: $35,000.00 Resolution Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS CONTAINED IN THE NOTICE OF CHARGE, PAINEWEBBER SUBMITTED AN OFFER OF SETTLEMENT TO THE CME BUSINESS CONDUCT COMMITTEE, FINANCIAL DIVISION, ON SEPTEMBER 4, 1991. ON OCTOBERR 29, 1991, THE BUSINESS CONDUCT COMMITTEE, FINANCIAL DIVISION, ACCEPTED AN OFFER OF SETTLEMENT, SUBMITTED BY PAINEWEBBER AND IN CONNECTION THEREWITH THE COMMITTEE IMPOSED A $35,000.00 FINE ON PAINWEBBER. Summary: ****** REGULATORY ACTION (108 of 302) ****** NASD BrokerCheck October 14, 2005 Page 95 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: COMMODITY EXCHNAGE, SUPERVISORY COMMITTEE Date initiated: 02/01/1989 Docket/ Case Number: UNKNOWN Allegations: COMMITTEE ON BUSINESS CONDUCT ALLEGED THAT PAINEWEBBER HAD VIOLATED COMEX RULES 4.97 AND 3.13(A)(III); AND PATRICK SWEENY HAD VIOLATED COMEX RULES 4.21, 4.22, 4.24(E), 4.27, 4.31, 4.34 4.81, AND 4.97. Current Status: Final Resolution: Settled Resolution Date: 02/01/1989 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $10,000.00 Resolution Details: SWEENY AND PAINEWEBBER SUBMITTED AN OFFER OF SETTLEMENT, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, AND IN CONNECTION WITH THE SETTLEMENT, SWEENY IS TO BE FINED $20,000, PAINEWEBBER FINED $10,000, AND BOTH ARE ORDERED TO CEASE & DESIST FROM FUTURE VIOLATIONS. FURTHER DIRECTING THAT SWEENY NOT REAPPLY FOR MEMBERSHIP ON THE EXCHANGE FOR A PERIOD OF 180 DAYS Summary: ****** REGULATORY ACTION (109 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: STATE OF CONNECTICUT, DEPARTMENT OF BANKING, SECURITIES AND BUSI Date initiated: 09/01/1991 Docket/ Case Number: UNKNOWN Allegations: THIS MATTER AROSE AS THE RESULT OF AN INVESTIGATION CONDUCTED BY THE DIVISION INTO PAINEWEBBER'S INVESTMENT ADVISORY ACTIVITY IN CONNECTICUT; FURTHER THE DIVISION CONDUCTED A SEPARATE INVESTIGATION INTO THE ACTIVITIES OF ONE OF PAINEWEBBER'S REGISTERED REPRESENTATIVES IN REFERENCE TO THE SUITABILITY OF VARIOUS SECURITIES WHICH THAT INDIVIDUAL RECOMMENDED TO CERTAIN OF HIS/HER CLIENTS WHO WERE CONNECTICUT RESIDENTS. THE INVESTIGATION REVEALED THAT PAINEWEBBER MAY HAVE VIOLATED SECTION 36-474(C) OF THE CONNECTICUT UNIFORM SECURITIES ACT (THE "ACT") BY FAILING TO PROPERLY REGISTER BROKER/DEALER REPRESENTATIVES AS INVESTMENT ADVISER AGENTS PURSUANT TO THE REQUIREMENTS OF THE ACT; THE INVESTIGATION FURTHER REVEALED THAT PAINEWEBBER MAY HAVE VIOLATED SECTION 36-472 OF THE ACT BASED UPON THE ACTIVITIES OF ITS REGISTERED REPRESENTATIVE WHO WAS ALLEGED TO HAVE MADE UNSUITABLE RECOMMENDATIONS TO HIS/HER CLIENTS WHO WERE CONNECTICUT RESIDENTS. Current Status: Final Resolution: Stipulation and Consent Resolution Date: 09/01/1991 Sanctions Ordered: Monetary Amount: $75,000.00 Resolution Details: IN SEPTEMBER, 1991, PAINEWEBBER INCORPORATED ("PAINEWEBBER") NASD BrokerCheck October 14, 2005 Page 96 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) ENTERED INTO A STIPULATION AND AGREEMENT WITH THE STATE OF CONNECTICUT, DEPARTMENT OF BANKING, SECURITIES AND BUSINESS INVESTMENTS DIVISION ("DIVISION"), WHEREBY PAINEWEBBER, WITHOUT ADMITTING OR DENYING VARIOUS ALLEGED VIOLATIONS, CONSENTED TO THE IMPOSITION OF A PENALTY IN THE AMOUNT OF $50,000.00 BY THE DIVISION; IN ADDITION, PAINEWEBBER AGREED TO REIMBURSE THE DIVISION THE SUM OF $25,000.00 FOR COSTS OF THE INVESTIGATION BY THE DIVISION; FINALLY, PAINEWEBBER AGREED TO COMPLY WITH CERTAIN UNDERTAKINGS SET-FORTH IN THE STIPULATION AND AGREEMENT. Summary: BASED UPON THE STIPULATION AND AGREEMENT, THE COMMISSIONER OF BANKING FOR THE DEPARTMENT OF BANKING ENTERED AN ORDER WITHDRAWING THE NOTICE OF INTENT TO FINE AND NOTICE OF INTENT TO SUSPEND REGISTRATION AS A BROKER-DELAER AND INVESTMENT ADVISER WITHOUT PREJUDICE ON SEPTEMBER 30, 1991, WHICH NOTICES RESULTED FROM THE INVESTIGATION DESCRIBED HEREIN. ****** REGULATORY ACTION (110 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE COMMISSIONER OF INSURANCE, STATE OF TENNESSEE Date initiated: 12/01/1981 Docket/ Case Number: UNKNOWN Allegations: VIOLATED T.C.A. 48-16-109 (B). Current Status: Final Resolution: Consent Resolution Date: 12/01/1981 Sanctions Ordered: Suspension Resolution Details: IN DECEMBER, 1981, PAINE, WEBBER, JACKSON & CURTIS, INC. CONSENTED TO AN ORDER OF THE COMMISSIONER OF INSURANCE, STATE OF TENNESSEE, PROHIBITING THE SOLICITATION OF NEW BUSINESS FOR FIVE BUSINES DAYS IN ONE OF ITS BRANCH OFFICES. THE COMMISSINER OF INSURANCE HAD ALLEGED THAT FOUR OF PAINEWEBBER, JACKSON & CURTIS' EMPLOYEES HAD VIOLATED T.C.A. 48-16-109 (B). Summary: ****** REGULATORY ACTION (111 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASD Date initiated: 04/01/1972 Docket/ Case Number: UNKNOWN Allegations: VIOLATIONS OF THE NASD RULES OF FAIR PRACTICE. Current Status: Final Resolution: Decision Resolution Date: 04/01/1972 Sanctions Ordered: Monetary/Fine Monetary Amount: $250.00 Resolution Details: IN APRIL, 1972, THE NASD CENSURED AND FINED PAINE, WEBBER, JACKSON & CURTIS INCORPORATED $250.00. ALSO A BRANCH MANAGER AND A FORMER EMPLOYEE WERE BOTH CENSURED AND FINED $250.00 FOR NASD BrokerCheck October 14, 2005 Page 97 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) VIOLATIONS OF THE NASD RULES OF FAIR PRACTICE. Summary: ****** REGULATORY ACTION (112 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: STATE OF OKLAHOMA DEPARTMENT OF SECURITIES Date initiated: 09/01/1991 Docket/ Case Number: UNKNOWN Allegations: THIS MATTER AROSE AS THE RESULT OF A ROUTINE EXAMINATION OF ONE OF PAINEWEBBER'S BRANCHES LOCATED IN OKLAHOMA. THE EXAMINATION REVEALED THAT THREE (3) PAINEWEBBER BROKER/DEALER REPRESENTATIVES MAY HAVE ENGAGED IN RENDERING FEE BASED INVESTMENT ADVISORY SERVICES WITHOUT BEING REGISTERED AS INVESTMENT ADVISOR REPRESENTATIVES, IN APPARENT VIOLATION OF SECTION 201(C) OF THE ACT; FURTHER, THE EXAMINATION REVEALED THAT PAINEWEBBER MAY HAVE MADE CLIENT REFERRALS TO INVESTMENT ADVISERS WHO MAY NOT HAVE BEEN REGISTERED WITH THE STATE IN VIOLATION OF SECTION 201(C) OF THE ACT. Current Status: Final Resolution: Consent Resolution Date: 09/01/1991 Sanctions Ordered: Resolution Details: Summary: IN SEPTEMBER, 1991, PAINEWEBBER INCORPORATED("PAINEWEBBER") ENTERED INTO AN AGREEMENT WITH THE STATE OF OKLAHOMA DEPARTMENT OF SECURITIES, WHEREBY PAINEWEBBER, WITHOUT ADMITTING OR DENYING VARIOUS ALLEGED VIOLATIONS, CONSENTED TO THE FOLLOWING CONDITIONS: (A) PAINEWEBBER AGREED TO COMPLY WITH ALL PROVISIONS OF THE OKLAHOMA SECURITIES ACT ("ACT") AND THE RULES PROMULGATED PURSUANT THERETO IN CONNECTION WITH ANY ACTIVITIES CONDUCTED IN OR FOR THE STATE OF OKLAHOMA; (B) PAINEWEBBER AGREED TO REGISTER ANY AGENTS CONDUCTING INVESTMENT ADVISORY SERVICES WITHIN THE STATE OF OKLAHOMA AS INVESTMENT ADVISER REPRESENTATIVES; AND FINALLY, (C) PAINEWEBBER AGREED TO REFRAIN FROM REFERRING ITS OKLAHOMA CUSTOMERS TO INVESTMENT ADVISERS NOT APPROPRIATELY REGISTERED UNDER THE ACT. NO FURTHER SANCTIONS WERE IMPOSED. ****** REGULATORY ACTION (113 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASD Date initiated: 03/01/1981 Docket/ Case Number: UNKNOWN Allegations: FAILURE TO OBTAIN THE PRIOR APPROVAL OF THE NASD TO RE-ENTER QUOTATION ON NASD. Current Status: Final Resolution: Consent Resolution Date: 03/01/1981 Sanctions Ordered: Monetary/Fine Monetary Amount: $100.00 NASD BrokerCheck October 14, 2005 Page 98 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution Details: IN MARCH, 1981, PAINE, WEBBER, JACKSON & CURTIS, INC. CONSENTED TO A $100.00 FINE IMPOSED BY THE NASD FOR FAILURE TO OBTAIN THE PRIOR APPROVAL OF THE NASD TO RE-ENTER QUOTATION ON NASD. Summary: ****** REGULATORY ACTION (114 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: CHICAGO BOARD OF TRADE Date initiated: 06/29/1995 Docket/ Case Number: 94-RRR-427 Allegations: THE CBOT ALLEGED THAT PAINEWEBBER FAILED TO TIMELY STAMP AND COLLECT TRADING DOCUMENTS AND FAILED TO SUBMIT ACCURATE TRADE INFORMATION IN VIOLATION OF CBOT REGULATIONS 332.02,332.05 AND 332.08 Current Status: Final Resolution: Decision Resolution Date: 07/13/1995 Sanctions Ordered: Monetary/Fine Monetary Amount: $250.00 Resolution Details: PAINEWEBBER FINED $250.00 Summary: ****** REGULATORY ACTION (115 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NEW YORK STOCK EXCHANGE, INC Date initiated: 12/01/1980 Docket/ Case Number: UNKNOWN Allegations: VIOLATION OF SEC REGULATIONS 24017A-13 AND 24015C3-3 (H) AND NEW YORK STOCK EXCHANGE RULES 440, 440.10 (2) AND 342.(A). Current Status: Final Resolution: Consent Resolution Date: 12/01/1980 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $300.00 Resolution Details: IN DECEMBER, 1980, PAINE, WEBBER, JACKSON & CURTIS, INC. CONSENTED TO THE IMPOSITION OF A CENSURE AND A FINE OF $300.00 BY THE NEW YORK STOCK EXCHANGE FOR VIOLATION OF SEC REGULATIONS 24017A-13 AND 24015C3-3 (H) AND NEW YORK STOCK EXCHANGE RULES 440, 440.10 (2) AND 342.(A). Summary: ****** REGULATORY ACTION (116 of 302) ****** NASD BrokerCheck October 14, 2005 Page 99 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASD Date initiated: 07/01/1980 Docket/ Case Number: UNKNOWN Allegations: FAILURE TO REPORT VOLUME ON NASDAQ. Current Status: Final Resolution: Consent Resolution Date: 07/01/1980 Sanctions Ordered: Monetary/Fine Monetary Amount: $50.00 Resolution Details: IN JULY, 1980, PAINE, WEBBER, JACKSON & CURTIS, INC CONSENTED TO A $50.00 FINE IMPOSED BY THE NASD FOR FAILURE TO REPORT VOLUME ON NASDAQ. Summary: ****** REGULATORY ACTION (117 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE SECURITIES AND EXCHANGE COMMISSION Date initiated: 12/01/1982 Docket/ Case Number: 3-6074 Allegations: AIDING AND ABETTING VIOLATIONS OF WILLIAMS ACT DISCLOSURE PROVISIONS BY CONDUCTING AN "ACTIVE AND WIDESPREAD" SOLICITATION OF SHARES IN THE TARGET COMPANY THAT WAS INDISPENSABLE TO THE EVENTUAL BLOCK PURCHASE OF OVER 1.2 MILLION TARGET SHARES, AT PREMIUM PRICES, IN A SINGLE DAY OF TRADING Current Status: Final Resolution: Decision Resolution Date: 12/01/1982 Sanctions Ordered: Censure Resolution Details: IN DECEMBER, 1982, THE SECURITIES AND EXCHANGE COMMISSION CENSURED PAINE, WEBBER, JACKSON & CURTIS, INC. FOR AIDING AND ABETTING VIOLATIONS OF WILLIAMS ACT DISCLOSURE PROVISIONS BY CONDUCTING AN "ACTIVE AND WIDESPREAD" SOLICITATION OF SHARES IN THE TARGET COMPANY THAT WAS INDISPENSABLE TO THE EVENTUAL BLOCK PURCHASE OF OVER 1.2 MILLION TARGET SHARES, AT PREMIUM PRICES, IN A SINGLE DAY OF TRADING. Summary: ****** REGULATORY ACTION (118 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NATIONAL FUTURES ASSOCIATION Date initiated: 03/01/1987 Docket/ NASD BrokerCheck October 14, 2005 Page 100 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Case Number: 86-2(E) Allegations: ALLEGED VIOLATIONS OF NFA AND CFTC RULES, IN THAT PAINEWEBBER CARRIED ACCOUNTS IN THE NAMES OF ENTITIES WHICH WERE, IN FACT, UNREGISTERED COMMODITY POOL OPERATORS AND COMMODITY TRADING ADVISORS ACTING FOR POOL INVESTORS. Current Status: Final Resolution: Decision & Order of Offer of Settlement Resolution Date: 03/01/1987 Sanctions Ordered: Monetary/Fine Monetary Amount: $15,000.00 Resolution Details: IN MARCH, 1987, THE NATIONAL FUTURES ASSOCIATION ACCEPTED AN OFFER OF SETTLEMENT FROM PAINEWEBBER, INC. IN CONNECTION WITH ALLEGED VIOLATIONS OF NFA AND CFTC RULES, IN THAT PAINEWEBBER CARRIED ACCOUNTS IN THE NAMES OF ENTITIES WHICH WERE, IN FACT, UNREGISTERED COMMODITY POOL OPERATORS AND COMMODITY TRADING ADVISORS ACTING FOR POOL INVESTORS. THE SETTLEMENT REQUIRED A PAYMENT BY PAINEWEBBER OF A $15,000.00 FINE AND AN UNDERTAKING THAT THE FIRM SHALL REFRAIN FROM FURTHER VIOLATIONS OF NFA REQUIREMENTS. Summary: ****** REGULATORY ACTION (119 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: STATE OF HAWAII, DEPARTMENT OF REGULATORY AGENCIES Date initiated: 07/01/1984 Docket/ Case Number: UNKNOWN Allegations: FAILURE TO RENEW ON A TIMELY BASIS THE REGISTRATION OF TWO ACCOUNT EXECUTIVES OPERATING WITHIN THE STATE OF HAWAII. Current Status: Final Resolution: Consent Resolution Date: 07/01/1984 Sanctions Ordered: Monetary/Fine Monetary Amount: $3,000.00 Resolution Details: IN JULY, 1984, PAINEWEBBER INCORPORATED CONSENTED TO A FINE $3,000 BY THE STATE OF HAWAII, DEPARTMENT OF REGULATORY AGENCIES FOR FAILING TO RENEW ON A TIMELY BASIS THE REGISTRATION OF TWO ACCOUNT EXECUTIVES OPERATING WITHIN THE STATE OF HAWAII. Summary: ****** REGULATORY ACTION (120 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: CHICAGO BOARD OF OPTIONS EXCHANGE, INC Date initiated: 07/01/1982 Docket/ Case Number: UNKNOWN Allegations: A VIOLATION OF RULES 4.1, 4.2, AND 15.1 OF THAT EXCHANGE. NASD BrokerCheck October 14, 2005 Page 101 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Current Status: Final Resolution: Stipulation and Consent Resolution Date: 07/01/1982 Sanctions Ordered: Monetary/Fine Monetary Amount: $5,000.00 Resolution Details: IN JULY, 1982, PAINE, WEBBER, JACKSON & CURTIS, INC. STIPULATED AND CONSENTED TO A FINE OF $5,000.00 BY THE CHICAGO BOARD OF OPTIONS EXCHANGE, INC. FOR A VIOLATION OF RULES 4.1, 4.2, AND 15.1 OF THAT EXCHANGE. Summary: ****** REGULATORY ACTION (121 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. DIST. NO. 5 Date initiated: 08/01/1988 Docket/ Case Number: UNKNOWN Allegations: ALLEGATIONS THAT TWO RESPONDENT EMPLOYEES FAILED TO PROPERLY DISCLOSE A BREAKPOINT SITUATION TO A MUTUAL FUNDS CUSTOMER. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 08/01/1988 Sanctions Ordered: Monetary/Fine Monetary Amount: $1,000.00 Resolution Details: IN AUGUST, 1988 PAINEWEBBER PAID A JOINT AND SEVERAL FINE OF $1,000.00 ALONG WITH TWO RESPONDENT EMPLOYEES TO THE NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. DISTRICT NO. 5 PAINEWEBBER SUBMITTED A LETTER OF ACCEPTANCE, WAIVER AND CONSENT TO THE DISTRICT BUSINESS CONDUCT COMMITTEE CONCERNING ALLEGATIONS THAT ITS EMPLOYEES FAILED TO PROPERLY DISCLOSE A BREAKPOINT SITUATION TO A MUTUAL FUNDS CUSTOMER. Summary: ****** REGULATORY ACTION (122 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: CHICAGO BOARD OF TRADE Date initiated: 12/01/1988 Docket/ Case Number: 88-MSI-11 Allegations: VIOLATION OF REG. 2442.01. I.E., FAILURE TO DELIVER U.S. T-NOTES ON A TIMELY BASIS. Current Status: Final Resolution: Decision Resolution Date: 12/01/1988 Sanctions NASD BrokerCheck October 14, 2005 Page 102 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Ordered: Monetary/Fine Monetary Amount: $25,000.00 Resolution Details: ON DECEMBER, 1988 PAINEWEBBER INCORPORATED WAS FINED $25,000.00 BY THE CHICAGO BOARD OF TRADE FOR VIOLATION OF REG. 2442.01. I.E., FAILURE TO DELIVER U.S. T-NOTES ON A TIMELY BASIS. Summary: ****** REGULATORY ACTION (123 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NATIONAL FUTURES ASSOCIATION EASTERN REGIONAL BUSINESS CONDUCT C Date initiated: 06/01/1991 Docket/ Case Number: 91-BCC-015 Allegations: ALLEGED THAT PAINEWEBBER HAD VIOLATED NFA BY-LAW 1101 BY TRANSACTING BUSINESS WITH NON-MEMBERS OF THE NFA WHO WERE REQUIRED TO BE REGISTERED WITH THE COMMODITY FUTURES TRADING COMMISSION ("CFTC"); FURTHER, THAT PAINEWEBBER HAD FAILED TO OBSERVE HIGH STANDARDS OF COMMERCIAL HONOR AND JUST AND EQUITABLE PRINCIPLES OF TRADE, IN VIOLATION OF NFA COMPLIANCE RULE 2-4, IN THAT PAINEWEBBER ALLEGEDLY KNEW OR IN THE EXERCISE OF REASONABLE DILIGENCE SHOULD HAVE KNOWN THAT IT WAS TRANSACTING CUSTOMER BUSINESS WITH UNREGISTERED PERSONS WHO WERE REQUIRED TO BE REGISTERED BUT WHO WERE NOT SO REGISTERED. Current Status: Final Resolution: Settled Resolution Date: 09/26/1991 Sanctions Ordered: Monetary/Fine Monetary Amount: $25,000.00 Resolution Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS CONTAINED IN THE COMPLAINT, PAINEWEBBER SUBMITTED AN OFFER OF SETTLEMENT. THE SETTLEMENT WAS ACCEPTED BY THE COMMITTEE ON SEPTEMBER 26, 1991, AND IN CONNECTION THEREWITH, THE COMMITTEE IMPOSED A $25,000.00 FINE ON PAINEWEBBER. Summary: IN JUNE, 1991, THE NATIONAL FUTURES ASSOCIATION ("NFA:) EASTERN REGIONAL BUSINESS CONDUCT COMMITTEE ("COMMITTEE") ISSUED A COMPLAINT (91-BCC-015) AGAINST PAINEWEBBER INCORPORATED ("PAINEWEBBER") WHICH ALLEGED THAT PAINEWEBBER HAD VIOLATED NFA BY-LAW 1101 BY TRANSACTING BUSINESS WITH NON-MEMBERS OF THE NFA WHO WERE REQUIRED TO BE REGISTERED WITH THE COMMODITY FUTURES TRADING COMMISSION ("CFTC"); FURTHER, THAT PAINEWEBBER HAD FAILED TO OBSERVE HIGH STANDARDS OF COMMERCIAL HONOR AND JUST AND EQUITABLE PRINCIPLES OF TRADE, IN VIOLATION OF NFA COMPLIANCE RULE 2-4, IN THAT PAINEWEBBER ALLEGEDLY KNEW OR IN THE EXERCISE OF REASONABLE DILIGENCE SHOULD HAVE KNOWN THAT IT WAS TRANSACTING CUSTOMER BUSINESS WITH UNREGISTERED PERSONS WHO WERE REQUIRED TO BE REGISTERED BUT WHO WERE NOT SO REGISTERED. ****** REGULATORY ACTION (124 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: STATE OF NEW JERSEY Date initiated: 07/01/1976 Docket/ Case Number: UNKNOWN NASD BrokerCheck October 14, 2005 Page 103 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Allegations: FAILURE TO PROPERLY REGISTER AN EMPLOYEE IN THE STATE. Current Status: Final Resolution: Decision Resolution Date: 07/01/1976 Sanctions Ordered: Monetary/Fine Monetary Amount: $100.00 Resolution Details: IN JULY, 1976, PAINE, WEBBER, JACKSON & CURTIS INCORPORATED WAS FINED $100.00 BY THE STATE OF NEW JERSEY FOR FAILURE TO PROPERLY REGISTER AN EMPLOYEE IN THAT STATE. Summary: ****** REGULATORY ACTION (125 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE MASSACHUSETTS SECURITIES COMMISSION Date initiated: 04/01/1996 Docket/ Case Number: E96-052 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 04/29/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $132,335.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $132,335.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH MASSACHUSETTS PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (126 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: WYOMING SECURITIES DIVISION Date initiated: 04/01/1996 Docket/ Case Number: 96-01 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVSIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-1992 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED NASD BrokerCheck October 14, 2005 Page 104 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) REPRESENTATIVE & OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS. Current Status: Final Resolution: Consent Resolution Date: 04/26/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $34,181.00 Resolution Details: PWI CONSENTED WITHUT ADMITTING OR DENYING THE FINDINGS THEREIN TO THE ENTRY OR ORDER TO CEASE & FROM FURTHER VIOLATIONS, AND TO PAY $34,181.00. Summary: ON 1/18/96 PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRM'S PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENTS AS PART TO THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTI STATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENTS WOULD BE REACHED WITH ALL STATES P.R. AND D.C. THIS FILLING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH WYOMING PURSUANT TO THAT AGREEMENT. ****** REGULATORY ACTION (127 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: STATE OF NEW YORK, BUREAU OF INVESTOR PROTECTION & SECURITIES Date initiated: 06/01/1996 Docket/ Case Number: 96-403247 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 06/20/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $382,096.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $382,096.00 Summary: ON 1/18/96, PMI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT WITH NEW YORK PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (128 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NEBRASKA DEPARTMENT OF BANKING & FINANCE Date initiated: 04/01/1996 NASD BrokerCheck October 14, 2005 Page 105 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Docket/ Case Number: UNKNOWN Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-1992 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVE & OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS. Current Status: Final Resolution: Consent Resolution Date: 04/26/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $106,260.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDINGS THEREIN, TO THE ENTRY OF ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS, AND TO PAY $106,260.00 Summary: ON 1/18/96 PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRM'S PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENTS. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENTS WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILLING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH NEBRASKA PURSUANT TO THAT AGREEMENT. ****** REGULATORY ACTION (129 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE NATIONAL ASSOCIATION OF SECURITIES DEALERS INC. Date initiated: 02/01/1984 Docket/ Case Number: N-SE-156 Allegations: VIOLATIONS OF THE EXCESS SPREAD RULES UNDER SCHEDULE D OF THE ASSOCIATION'S BY-LAWS DURING THE PERIOD OCTOBER THROUGH DECEMBER 1983. Current Status: Final Resolution: Decision Resolution Date: 02/01/1984 Sanctions Ordered: Monetary/Fine Monetary Amount: $250.00 Resolution Details: IN FEBRUARY 1984, PAINE WEBBER JACKSON & CURTIS WAS FINED $250 BY THE TRADING COMMITTEE OF THE NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC., PURSUANT TO THE ASSOCIATION'S SUMMARY COMPLAINT PROCEDURE, FOR VIOLATIONS OF THE EXCESS SPREAD RULES UNDER SCHEDULE D OF THE ASSOCIATION'S BY-LAWS DURING THE PERIOD OCTOBER THROUGH DECEMBER 1983. Summary: ****** REGULATORY ACTION (130 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: STATE OF NEW JERSEY NASD BrokerCheck October 14, 2005 Page 106 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date initiated: 07/01/1979 Docket/ Case Number: UNKNOWN Allegations: VIOLATION OF N.J.S.A. 49:3-56. Current Status: Final Resolution: Consent Resolution Date: 07/01/1979 Sanctions Ordered: Monetary/Fine Monetary Amount: $13,450.00 Resolution Details: IN JULY, 1979, PAINE, WEBBER, JACKSON & CURTIS INC. CONSENTED TO AN ORDER OF THE STATE OF NEW JERSEY AND WAS ASSESSED A MONETARY PENALTY OF $13,450.00 FOR AN ALLEGED VIOLATION OF N.J.S.A. 49:3-56. Summary: ****** REGULATORY ACTION (131 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE STATE OF GEORGIA Date initiated: 05/01/1996 Docket/ Case Number: 50-95-0009 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 05/14/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $61,373.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $61,373.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH GEORGIA PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (132 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE STATE OF KENTUCKY, DEPARTMENT OF FINANCIAL INSTITUTIONS Date initiated: 10/01/1996 NASD BrokerCheck October 14, 2005 Page 107 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Docket/ Case Number: C96018 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AMD FAILED TO REASONABLE SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 10/23/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $31,445.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $31,445.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH KENTUCKY PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (133 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE MARYLAND SECURITIES COMMISSION Date initiated: 11/01/1996 Docket/ Case Number: S-96-015 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLY SUPERVISE CERTAIN REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 11/19/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $115,945.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $115,945.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURUSANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THE FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH MARYLAND PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (134 of 302) ****** NASD BrokerCheck October 14, 2005 Page 108 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE NEW JERSEY BUREAU OF SECURITIES Date initiated: 05/01/1996 Docket/ Case Number: UNKNOWN Allegations: ALLEGED THAT PWI VIOLATED ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS. Current Status: Final Resolution: Consent Resolution Date: 05/09/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $149,842.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $149,842.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH NEW JERSEY PURSAUNT TO THAT AGREEMENT ****** REGULATORY ACTION (135 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE BOARD OF GOVERNORS OF THE NASD, INC., Date initiated: 08/01/1983 Docket/ Case Number: SEA301 Allegations: FREE-RIDING AND WITHHOLDING VIOLATIONS Current Status: Final Resolution: Decision Resolution Date: 08/01/1983 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $5,000.00 Resolution Details: IN AUGUST 1983, THE BOARD OF GOVERNORS OF THE NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC., AFFIRMED THE DECISION OF ITS SEATTLE DISTRICT BUSINESS CONDUCT COMM. TO CENSURE PAINEWEBBER JACKSON & CURTIS, INC., AND TO FINE THE FIRM $5000 IN CONNECTION WITH THE ASSOCIATION'S FREE-RIDING AND WITHHOLDING VIOLATIONS Summary: ****** REGULATORY ACTION (136 of 302) ****** Reporting Source: Brokerage Firm (Form BD) NASD BrokerCheck October 14, 2005 Page 109 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date Reported: Initiated By: THE MAINE SECURITIES DIVISION Date initiated: 04/01/1996 Docket/ Case Number: UNKNOWN Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 04/26/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $52,247.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $52,247.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENTS. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTI STATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT WITH MAINE PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (137 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: STATE OF MICHIGAN CORPORATION SECURITIES & LAND DEVEOPMENT BUREA Date initiated: 05/01/1997 Docket/ Case Number: BD6612 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASBONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 05/29/1997 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $131,031.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $131,031.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTI STATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. NASD BrokerCheck October 14, 2005 Page 110 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH MICHIGAN PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (138 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE STATE OF NEVADA, SECURITIES DIVISION Date initiated: 05/01/1996 Docket/ Case Number: 196-62 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SAEL OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 05/29/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $59,697.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $59,697.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES P.R. AND D.C. THIS FILING REFLECTS THE STATEMENT AGREEMENT REACHED WITH NEVADA PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (139 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE SOUTH CAROLINA SECURITIES DIVISION Date initiated: 05/01/1996 Docket/ Case Number: 96023 Allegations: ALLEGED THAT PWI VIOLATED CEERTAIN ANTI-FRAUD RECORDKEEPING PROVISIONS OF APPLICALBLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 05/06/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $54,482.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $54,482.00 NASD BrokerCheck October 14, 2005 Page 111 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATEDTHAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT REACHED WITH SOUTH CAROLINA PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (140 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE OKLAHOMA DEPARTMENT OF SECURITIES Date initiated: 04/01/1996 Docket/ Case Number: 96-110 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 04/25/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $34,912.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $34,912.00 Summary: IN 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH OKLAHOMA PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (141 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE CHICAGO BOARD OF TRADE Date initiated: 10/01/1984 Docket/ Case Number: UNKNOWN Allegations: VIOLATION OF REGULATION 545.01 AND 545.02 CONCERNING THE TIMELY FILING OF ACCURATE INFORMATION AND REPORTS WITH THE EXCHANGE. Current Status: Final Resolution: Decision Resolution Date: 10/01/1984 Sanctions Ordered: Monetary/Fine Monetary Amount: $1,000.00 NASD BrokerCheck October 14, 2005 Page 112 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution Details: IN OCTOBER 1984, THE BUSINESS CONDUCT COMMITTEE OF THE CHICAGO BOARD OF TRADE IMPOSED A FINE OF $1,000 UPON PAINEWEBBER FOR VIOLATION OF REGULATION 545.01 AND 545.02 CONCERNING THE TIMELY FILING OF ACCURATE INFORMATION AND REPORTS WITH THE EXCHANGE. Summary: ****** REGULATORY ACTION (142 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE COMMODITY EXCHANGE, INC. Date initiated: 04/01/1981 Docket/ Case Number: UNKNOWN Allegations: A PURPORTED VIOLATION OF COMMODITY EXCHANGE INC. EMERGENCY RULE. Current Status: Final Resolution: Consent Resolution Date: 04/01/1981 Sanctions Ordered: Monetary/Fine Monetary Amount: $25,000.00 Resolution Details: IN APRIL, 1981, PAINE WEBBER, JACKSON & CURTIS, INC. CONSENTED TO A FINE OF $25,000 IMPOSED BY THE COMMODITY EXCHANGE, INC. A PURPORTED VIOLATION OF COMMODITY EXCHANGE INC. EMERGENCY RULE. Summary: ****** REGULATORY ACTION (143 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASD Date initiated: 05/01/1981 Docket/ Case Number: UNKNOWN Allegations: FAILURE TO OBTAIN THE PRIOR APPROVAL OF THE NASD TO RE-ENTER A QUOTATION OF NASDAQ. Current Status: Final Resolution: Consent Resolution Date: 05/01/1981 Sanctions Ordered: Monetary/Fine Monetary Amount: $200.00 Resolution Details: IN MAY, 1981, PAINE, WEBBER, JACKSON & CURTIS, INC. CONSENTED TO A $200.00 FINE IMPOSED BY THE NASD FOR FAILURE TO OBTAIN THE PRIOR APPROVAL OF THE NASD TO RE-ENTER A QUOTATION OF NASDAQ. Summary: ****** REGULATORY ACTION (144 of 302) ****** NASD BrokerCheck October 14, 2005 Page 113 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: PHILADELPHIA-BOSTON AND WASHINGTON STOCK EXCHANGE Date initiated: 08/01/1971 Docket/ Case Number: UNKNOWN Allegations: FAILURE TO OBTAIN THEIR PRIOR APPROVAL FOR AN OFF-FLOOR TRADE ON A SECURITY LISTED ON THAT EXCHANGE. Current Status: Final Resolution: Decision Resolution Date: 08/01/1971 Sanctions Ordered: Monetary/Fine Resolution Details: IN AUGUST,1971, PAINE, WEBBER, JACKSON & CURTIS WAS FINED BY THE PHILADELPHIA-BOSTON AND WASHINGTON STOCK EXCHANGE FOR FAILURE TO OBTAIN THEIR PRIOR APPROVAL FOR AN OFF-FLOOR TRADE ON A SECURITY LISTED ON THAT EXCHANGE. Summary: ****** REGULATORY ACTION (145 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: AMERICAN STOCK EXCHANGE Date initiated: 06/01/1983 Docket/ Case Number: 83-S-17 Allegations: VIOLATIONS OF EXCHANGE RULE 904 Current Status: Final Resolution: Stipulation and Consent Resolution Date: 06/01/1983 Sanctions Ordered: Monetary/Fine Monetary Amount: $2,500.00 Resolution Details: IN JUNE 1983, PAINE WEBBER JACKSON & CURTIS, INC., WAS FINED $2500 BY THE AMERICAN STOCK EXCHANGE PURSUANT TO A STIPULATION AND CONSENT TO PENALTY SUBMITTED BY THE FIRM IN RESPONSE TO CHARGES OF VIOLATIONS OF EXCHANGE RULE 904. Summary: ****** REGULATORY ACTION (146 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: STATE OF NEW JERSEY Date initiated: 12/01/1978 Docket/ Case Number: UNKNOWN Allegations: FAILURE TO PROPELY REGISTER EMPLOYEES IN THE STATE. NASD BrokerCheck October 14, 2005 Page 114 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Current Status: Final Resolution: Decision Resolution Date: 12/01/1978 Sanctions Ordered: Monetary/Fine Monetary Amount: $400.00 Resolution Details: IN DECEMBER, 1978, THE STATE OF NEW JERSEY FINED PAINE, WEBBER, JACKSON & CURTIS, INC. $400.00 FOR FAILURE TO PROPERLY REGISTER EMPLOYEES IN THAT STATE. Summary: ****** REGULATORY ACTION (147 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 01/01/1984 Docket/ Case Number: CA-853 Allegations: FAILURE TO SUPERVISE THE ACTIVITIES OF A RESPONDENT BROKER IN CONNECTION WITH A SPECIFIC CUSTOMER ACCOUNT Current Status: Final Resolution: Settled Resolution Date: 01/01/1984 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $750.00 Resolution Details: IN JANUARY 1984, PAINE WEBBER JACKSON & CURTIS AND BLYTHE EASTMAN DILLON AND CO., INC., WERE EACH CENSURED AND RESPECTIVELY FINED $750 AND $2500 FOR ALLEGEDLY FAILING TO SUPERVISE THE ACTIVITIES OF A RESPONDENT BROKER IN CONNECTION WITH A SPECIFIC CUSTOMER ACCOUNT. THE DECISION RESULTED FROM AN OFFER OF SETTLEMENT SUBMITTED BY PAINE WEBBER AND BLYTHE AND ACCEPTED BY THE ASSOCIATION. Summary: ****** REGULATORY ACTION (148 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE PUBLIC SERVICE COMMISSION OF THE DISTRICT OF COLUMBIA Date initiated: 12/01/1991 Docket/ Case Number: UNKNOWN Allegations: FAILURE TO PROPERLY REGISTER AN EMPLOYEE IN THE DISTRICT OF COLUMBIA Current Status: Final Resolution: Decision Resolution Date: 12/01/1991 Sanctions Ordered: Monetary/Fine NASD BrokerCheck October 14, 2005 Page 115 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Monetary Amount: $1,500.00 Resolution Details: IN DECEMBER OF 1991, THE PUBLIC SERVICE COMMISSION OF THE DISTRICT OF COLUMBIA FINED PAINEWEBBER INCORPORATED $1,500.00 FOR FAILURE TO PROPERLY REGISTER AN EMPLOYEE IN THAT JURISDICTION. Summary: ****** REGULATORY ACTION (149 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: WEST VIRGINIA SECURITIES DIVISION Date initiated: 04/01/1996 Docket/ Case Number: UNKNOWN Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-1992 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVE & OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS. Current Status: Final Resolution: Consent Resolution Date: 04/26/1999 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $28,407.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDINGS THEREIN TO THE ENTRY OF ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS, AND TO PAY $28,407.00. Summary: ON 1/18/96 PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRM'S PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENTS. AS PART OF THAT PROCESS PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTI STATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENTS WOULD BE REACHED WITH ALL STATES P.R. AND D.C. THIS FILLING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH WEST VIRGINIA PURSUANT TO THAT AGREEMENT. ****** REGULATORY ACTION (150 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE PUBLIC SERVICE COMMISSION OF THE DISTRICT OF COLUMBIA Date initiated: 05/01/1996 Docket/ Case Number: 949-B Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLY SUPERVISE CERTAIN REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 05/02/1996 Sanctions NASD BrokerCheck October 14, 2005 Page 116 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $37,720.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $37,720.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTI STATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH THE DISTRICT OF COLUMBIA PURSANT TO THAT AGREEMENT ****** REGULATORY ACTION (151 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE INDIANA SECURITIES DIVISION Date initiated: 04/01/1996 Docket/ Case Number: 96-0025C Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLE SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 04/29/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $47,032.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $47,032.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT WITH INDIANA PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (152 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: GOVERNMENT OF PUERTO RICO COMMISSIONER OF FINANCIAL INSTITUTIONS Date initiated: 10/01/1996 Docket/ Case Number: 96-DL-V-03 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF NASD BrokerCheck October 14, 2005 Page 117 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 10/02/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $25,613.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $25,613.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOVLING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTI STATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEEMNT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH PUERTO RICO PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (153 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: CHICAGO BOARD OF TRADE FLOOR GOVERNORS COMMITTEE Date initiated: 05/01/1984 Docket/ Case Number: 83-INV-196 Allegations: ALLEGED RULE VIOLATIONS REGARDING THE FAILURE TO ESTABLISH AND MAINTAIN PROCEDURES FOR SECURING FLOOR ORDER FORMS USED ON THE EXCHANGE FLOOR Current Status: Final Resolution: Settled Resolution Date: 05/01/1984 Sanctions Ordered: Other Sanctions: REPRIMAND Resolution Details: IN MAY 1984, PAINE WEBBER JACKSON & CURTIS RECEIVED A SEVERE REPRIMAND FROM THE CHICAGO BOARD OF TRADE FLOOR GOVERNORS COMMITTEE, PURSUANT TO AN OFFER OF SETTLEMENT FOR ALLEGED RULE VIOLATIONS REGARDING THE FAILURE TO ESTABLISH AND MAINTAIN PROCEDURES FOR SECURING FLOOR ORDER FORMS USED ON THE EXCHANGE FLOOR. Summary: ****** REGULATORY ACTION (154 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: WASHINGTON SECURITIES DIVISION Date initiated: 04/01/1996 Docket/ Case Number: 96-01-0002 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING NASD BrokerCheck October 14, 2005 Page 118 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-1992 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVE & OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS. Current Status: Final Resolution: Consent Resolution Date: 04/26/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $92,663.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDINGS THEREIN, TO THE ENTRY OF ORDER TO CEASE & DESIT FROM FURTHER VIOLATIONS, AND TO PAY $92,663.00 Summary: ON 1/18/96 PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRM'S PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENTS AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENTS WOULD BE REACHED WITH ALL STATES, P.R. D.C. THIS FILLING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH WASHINGTON PURSUANT TO THAT AGREEMENT. ****** REGULATORY ACTION (155 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE DELAWARE DIVISION OF SECURITIES Date initiated: 04/01/1996 Docket/ Case Number: 96-03-01 Allegations: ALLEGED THAT PWI VIOLATED CERTIAN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STAT LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLE SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 04/25/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $29,525.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $29,525.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS PWI ALSO CONDLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT REACHED WITH DELAWARE PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (156 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: NASD BrokerCheck October 14, 2005 Page 119 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Initiated By: THE NEW HAMPSHIRE BUREAU OF SECURITIES Date initiated: 04/01/1996 Docket/ Case Number: INV96-001 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 04/26/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $39,768.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $39,768.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.C. AND D.C. THIS FILIG REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH NEW HAMPSHIRE PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (157 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASD Date initiated: 12/01/1982 Docket/ Case Number: C-234 Allegations: VIOLATION OF SECTION 1 AND 27 OF ARTICLE II OF THE ASSOCIATION'S RULES OF FAIR PRACTICE Current Status: Final Resolution: Consent Resolution Date: 12/01/1982 Sanctions Ordered: Censure Resolution Details: IN DECEMBER 1982, PAINE, WEBBER, JACKSON & CURTIS, INCORPORATED STIPULATED AND CONSENTED TO THE IMPOSITION OF A CENSURE BY THE NASD FOR A VIOLATION OF SECTION 1 AND 27 OF ARTICLE II OF THE ASSOCIATION'S RULES OF FAIR PRACTICE. Summary: ****** REGULATORY ACTION (158 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASD Date initiated: 03/01/1971 NASD BrokerCheck October 14, 2005 Page 120 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Docket/ Case Number: UNKNOWN Allegations: FAILURE TO PROPERLY SUPERVISE THE ACTIVITIES OF A FORMER STOCKBROKER AND BRANCH OFFICE CASHIER. Current Status: Final Resolution: Decision Resolution Date: 03/01/1971 Sanctions Ordered: Censure Resolution Details: IN MARCH, 1971, PAINE, WEBBER, JACKSON & CURTIS INCORPORATED WAS CENSURED BY THE NASD IN THAT IT FAILED TO PROPERLY SUPERVISE THE ACTIVITIES OF A FORMER STOCKBROKER AND BRANCH OFFICE CASHIER. IN CONJUNCTION WITH THE SAME ACTION, THE OPERATIONS MANAGER OF THE BRANCH OFFICE WAS ALSO CENSURED. Summary: ****** REGULATORY ACTION (159 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: STATE OF COLORADO, DIVISION OF SECURITIES Date initiated: 06/01/1996 Docket/ Case Number: 96-6-23 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLE SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTEREST Current Status: Final Resolution: Consent Resolution Date: 06/18/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $106,818.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $106,818.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING RELFECTS THE SETTLEMENT AGREEMENT REACHED WITH COLORADO PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (160 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: STATE OF FLORIDA Date initiated: 11/01/1979 Docket/ Case Number: UNKNOWN NASD BrokerCheck October 14, 2005 Page 121 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Allegations: PERMITTING AN UNREGISTERED PERSON TO TRANSACT BUSINESS IN SECURITIES WITHIN THE STATE. Current Status: Final Resolution: Decision Resolution Date: 11/01/1979 Sanctions Ordered: Censure Resolution Details: IN NOVEMBER, 1979, PAINE, WEBBER, JACKSON & CURTIS, INC. WAS CENSURED BY THE STATE OF FLORIDA FOR PERMITTING AN UNREGISTERED PERSON TO TRANSACT BUSINESS IN SECURITIES WITHIN THAT STATE. Summary: ****** REGULATORY ACTION (161 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE NORTH DAKOTA SECURITIES DEPARTMENT Date initiated: 04/01/1996 Docket/ Case Number: 96-301 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 04/26/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $29,338.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FIND THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $29,338.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATE, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH NORTH DAKOTA PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (162 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 12/01/1983 Docket/ Case Number: N-V-431 Allegations: FOR REPEATED FAILURES TO REPORT NASDQ VOLUME ON APPROXIMATELY 17 OCCASIONS BETWEEN MARCH 1983 AND MAY 1983. NASD BrokerCheck October 14, 2005 Page 122 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Current Status: Final Resolution: Decision Resolution Date: 12/01/1983 Sanctions Ordered: Monetary/Fine Monetary Amount: $2,500.00 Resolution Details: IN DECEMBER 1983, PAINE WEBBER JACKSON & CURTIS WAS FINED $2500 BY THE TRADING COMMITTEE OF THE NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC., FOR REPEATED FAILURES TO REPORT NASDQ VOLUME ON APPROXIMATELY 17 OCCASIONS BETWEEN MARCH 1983 AND MAY 1983. Summary: ****** REGULATORY ACTION (163 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE HAWAII DEPARTMENT OF COMMERCE & CONSUMER AFFAIRS Date initiated: 04/01/1996 Docket/ Case Number: SEU-96-005 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLE SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 04/29/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $61,932.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $61,932.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WA SCONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT REACHED WITH HAWAII PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (164 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: COMMISSIONER OF SECURITIES, STATE OF GEORGIA Date initiated: 09/01/1981 Docket/ Case Number: UNKNOWN Allegations: VIOLATION OF SECTION 3 OF THE GEORGIA SECURITIES ACT OF 1973. Current Status: Final NASD BrokerCheck October 14, 2005 Page 123 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution: Stipulation and Consent Resolution Date: 09/01/1981 Sanctions Ordered: Other Sanctions: REPRIMAND Resolution Details: IN SEPTEMBER, 1981, PAINE, WEBBER, JACKSON & CURTIS, INC. STIPULATED TO A REPRIMAND ENTERED BY THE COMMISSIONER OF SECURITIES, STATE OF GEORGIA, FOR A PURPORTED VIOLATION OF SECTION 3 OF THE GEORGIA SECURITIES ACT OF 1973. Summary: ****** REGULATORY ACTION (165 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: TENNESSEE COMMISSIONER OF COMMERCE AND INSURANCE Date initiated: 07/01/1984 Docket/ Case Number: #83-MISC.-15 Allegations: FAILURE TO REGISTER BROKERS IN A SINGLE OUT-OF-STATE BRANCH OFFICE, WHO EFFECTED TRADES WITH RESIDENTS OF THE STATE OF TENNESSEE. Current Status: Final Resolution: Consent Resolution Date: 07/01/1984 Sanctions Ordered: Monetary/Fine, Censure, Cease and Desist/Injunction Monetary Amount: $55,000.00 Resolution Details: IN JULY, 1984, PAINE, WEBBER, JACKSON & CURTIS, INC. CONSENTED TO AN ORDER OF THE TENNESSEE COMMISSIONER OF COMMERCE AND INSURANCE WHICH MADE FINDING OF FACT CONCERNING THE FIRM'S FAILURE TO REGISTER BROKERS IN A SINGLE OUT-OF-STATE BRANCH OFFICE, WHO EFFECTED TRADES WITH RESIDENTS OF THE STATE OF TENNESSEE. PAINE, WEBBER, JACKSON & CURTIS, INC. WAS CENSURED AND FINED $55,000 AND ORDERED TO CEASE AND DESIST FROM FURTHER VIOLATIONS. Summary: ****** REGULATORY ACTION (166 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE STATE OF LOUISIANNA COMMISSION OF SECURITIES Date initiated: 12/01/1996 Docket/ Case Number: UNKNOWN Allegations: ALLEGED THE PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISION OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 12/16/1996 NASD BrokerCheck October 14, 2005 Page 124 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $50,385.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $50,385.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONDUCTED AN AGREEMENT IN PRINCIPLE WITH THE MULTI STATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH LOUISIANA PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (167 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE MISSISSIPPI SECURITIES DIVISION Date initiated: 04/01/1996 Docket/ Case Number: 96-02-20 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 04/26/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $34,367.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $34,367.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH MISSISSIPPI PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (168 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE STATE OF IDAHO, DEPARTMENT OF FINANCE Date initiated: 05/01/1996 Docket/ Case Number: 1996-7-61 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND NASD BrokerCheck October 14, 2005 Page 125 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 05/24/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $31,000.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $31,000.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH IDAHO PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (169 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE IOWA SECURITIES BUREAU Date initiated: 04/01/1996 Docket/ Case Number: UNKNOWN Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLE SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 04/25/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $142,206.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $142,206.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATE, P.R. AND D.C. THIS FILING REFLECTS THE STATEMENT AGREEMENT REACHED WITH IOWA PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (170 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE NORTH CAROLINA SECURITIES DIVISION Date initiated: 04/01/1996 NASD BrokerCheck October 14, 2005 Page 126 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Docket/ Case Number: UNKNOWN Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRUAD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 04/29/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $59,138.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $59,138.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTI STATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT WITH NORTH CAROLINA PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (171 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASD Date initiated: 12/01/1980 Docket/ Case Number: UNKNOWN Allegations: FAILURE TO REPORT VOLUME ON NASDAQ Current Status: Final Resolution: Consent Resolution Date: 12/01/1980 Sanctions Ordered: Monetary/Fine Monetary Amount: $100.00 Resolution Details: IN DECEMBER, 1980, PAINE, WEBBER, JACKSON & CURTIS INC. CONSENTED TO A $100.00 FINE IMPOSED BY THE NASD FOR FAILURE TO REPORT VOLUME ON NASDAQ. Summary: ****** REGULATORY ACTION (172 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASD Date initiated: 12/01/1981 Docket/ Case Number: UNKNOWN NASD BrokerCheck October 14, 2005 Page 127 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Allegations: FAILURE TO ADEQUATELY SUPERVISE THE ACTIVITIES OF A FORMER BRANCH MANAGER. Current Status: Final Resolution: Consent Resolution Date: 12/01/1981 Sanctions Ordered: Monetary/Fine Monetary Amount: $2,000.00 Resolution Details: IN DECEMBER 1981, PAINE, WEBBER, JACKSON & CURTIS INCORPORATED CONSENTED TO A FINE OF $2,000 IMPOSED BY THE NASD FOR FAILING TO ADEQUATELY SUPERVISE THE ACTIVITIES OF A FORMER BRANCH MANAGER. Summary: ****** REGULATORY ACTION (173 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE MARKET SURVEILLANCE COMMITTEE OF THE NASD Date initiated: 02/07/1986 Docket/ Case Number: UNKNOWN Allegations: VIOLATED VARIOUSLY ARTICLE III SECTIONS 1 AND 27 OF THE NASD'S RULES OF FAIR PRACTICE AND PART IX, SECTION 2 OF SCHEDULE D OF THE NASD'S BY-LAWS. Current Status: Final Resolution: Decision Resolution Date: 02/07/1986 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $50,000.00 Resolution Details: ON FEBRUARY 7, 1986, THE MARKET SURVEILLANCE COMMITTEE OF THE NASD FOUND THAT PAINEWEBBER INC. AND TWO OF ITS EMPLOYEES VIOLATED VARIOUSLY ARTICLE III SECTIONS 1 AND 27 OF THE NASD'S RULES OF FAIR PRACTICE AND PART IX, SECTION 2 OF SCHEDULE D OF THE NASD'S BY-LAWS, CENSURED AND FINED PAINEWEBBER $50,000, AND REQUIRED THE ADOPTION OF CERTAIN PROCEDURES. PAINEWEBBER AND THE EMPLOYEES HAVE FILED AN APPLICATION FOR REVIEW AND APPEAL OF THE DECISION BY THE NASD'S BOARD OF GOVERNORS. ALL PENALTIES HAVE BEEN STAYED PENDING COMPLETION OF THE BOARD'S REVIEW. Summary: ****** REGULATORY ACTION (174 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE STATE OF NEW MEXICO, SECURITIES DIVISION Date initiated: 06/01/1996 Docket/ Case Number: 96-96-019-064 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS NASD BrokerCheck October 14, 2005 Page 128 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Current Status: Final Resolution: Consent Resolution Date: 06/07/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $35,671.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $35,671.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECS THE SETTLEMENT AGREEMENT REACHED WITH NEW MEXICO PURSUANT TO THE AGREEMENT ****** REGULATORY ACTION (175 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: SECURITIES AND EXCHANGE COMMISSION Date initiated: 03/01/1976 Docket/ Case Number: UNKNOWN Allegations: FAILURE TO EXERCISE REASONABLE SUPERVISION OVER AN EMPLOYEE Current Status: Final Resolution: Decision Resolution Date: 03/01/1976 Sanctions Ordered: Censure Resolution Details: THE SECURITIES AND EXCHANGE COMMISSION CENSURED PAINE, WEBBER, JACKSON & CURTIS, INC. FOR FAILURE TO EXERCISE REASONABLE SUPERVISION OVER AN EMPLOYEE. IN CONJUNCTION WITH THIS CENSURE, THE EMPLOYEE WAS CENSURED AND SUSPENDED FOR 60 DAYS FOR A VIOLATION OF THE ANTI-FRAUD AND ANTI-MANIPULATIVE PROVISIONS OF THE EXCHANGE ACT. Summary: ****** REGULATORY ACTION (176 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE MONTANA SECURITIES DEPARTMENT Date initiated: 05/01/1996 Docket/ Case Number: 03-08-96-06 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final NASD BrokerCheck October 14, 2005 Page 129 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution: Consent Resolution Date: 05/14/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $41,817.00 Resolution Details: PWI CONSENTED WITHOU ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $41,817.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT REACHED WITH MONTANA PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (177 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE BUREAU OF INSURANCE OF THE COMMONWEALTH OF VIRGINIA Date initiated: 03/01/1986 Docket/ Case Number: 860310098 Allegations: VIOLATION OF VIRGINIA CODE 38.1-52.1, 38.1-52.2, 38.1-327.11A, 38.1-327.33A AND 38.1-182.33. Current Status: Final Resolution: Decision Resolution Date: 03/01/1986 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $100,000.00 Resolution Details: IN MARCH, 1986, THE BUREAU OF INSURANCE OF THE COMMONWEALTH OF VIRGINIA CENSURED PWJC INSURANCE SALES, INC. FOR VIOLATING VIRGINIA CODE 38.1-52.1, 38.1-52.2, 38.1-327.11A, 38.1-327.33A AND 38.1-182.33 IN CONNECTION WITH THE MARKETING OF SINGLE PREMIUM DEFERRED ANNUITIES OF NATIONAL INVESTORS LIFE INSURANCE COMPANY SETTLED AND TENDERED TO THE COMMONWEALTH OF VIRIGINA THE SUM OF $100,000.00 Summary: ****** REGULATORY ACTION (178 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: ARKANASAS SECURITIES DEPARTMENT Date initiated: 04/01/1996 Docket/ Case Number: 96-24-S Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-1992 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVE & OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS. NASD BrokerCheck October 14, 2005 Page 130 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Current Status: Final Resolution: Consent Resolution Date: 04/25/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $444,052.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDINGS THEREIN, TO THE ENTRY OF ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS, AND TO PAY 444,052.00 Summary: ON 1/18/96 PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRM'S PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENTS. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENTS WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH ARKANSAS PURSUANT TO THAT AGREEMENT. ****** REGULATORY ACTION (179 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE STATE OF TENNESSEE SECURITIES DIVISION Date initiated: 08/01/1996 Docket/ Case Number: 96-0009 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 08/16/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $78,136.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND PAY $78,136.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT WITH TENNESSEE PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (180 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE NATIONAL ASSOCIATION OF SECURITIES DEALERS. Date initiated: 01/01/1971 Docket/ Case Number: UNKNOWN NASD BrokerCheck October 14, 2005 Page 131 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Allegations: VIOLATION OF THE NATIONAL ASSOCIATION OF SECURITIES DEALERS FREE RIDING AND WITHHOLDING RULES. Current Status: Final Resolution: Decision Resolution Date: 01/01/1971 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $200.00 Resolution Details: IN JANUARY, 1971, PAINE, WEBBER, JACKSON & CURTIS INCORPORATED WAS CENSURED AND FINED IN THE AMOUNT OF $200.00 BY THE NATIONAL ASSOCIATION OF SECURITIES DEALERS. THIS CENSURE AND FINE WERE IMPOSED UPON PAINE, WEBBER, JACKSON & CURTIS, INC. FOR VIOLATION OF THE NATIONAL ASSOCIATION OF SECURITIES DEALERS FREE RIDING AND WITHHOLDING RULES. Summary: ****** REGULATORY ACTION (181 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE CHICAGO BOARD OF OPTIONS EXCHANGE Date initiated: 04/01/1979 Docket/ Case Number: UNKNOWN Allegations: VIOLATION OF THE EXCHANGE'S POSITION LIMITS. Current Status: Final Resolution: Other Resolution Date: 04/01/1979 Sanctions Ordered: Monetary/Fine Monetary Amount: $500.00 Resolution Details: IN APRIL, 1979, THE CHICAGO BOARD OF OPTIONS EXCHANGE ADMONISHED AND FINED PAINE, WEBBER, JACKSON & CURTIS, INC. $500.00 FOR A VIOLATION OF THAT EXCHANGE'S POSITION LIMITS. Summary: ****** REGULATORY ACTION (182 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: SECURITIES AND EXCHANGE COMMISSION Date initiated: 01/01/1969 Docket/ Case Number: UNKNOWN Allegations: FAILURE TO EXERCISE PROPER SUPERVISION IN PREVENTING MISCONDUCTS OF A FORMER BROKER WHO WAS A STOCKBROKER IN A BRANCH OFFICE DURING 1962-1963. Current Status: Final Resolution: Decision Resolution Date: 01/01/1969 NASD BrokerCheck October 14, 2005 Page 132 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Sanctions Ordered: Censure Resolution Details: THE SECURITIES AND EXCHANGE COMMISSION CENSURED PAINE, WEBBER, JACKSON & CURTIS INCORPORATED, TOGETHER WITH A FORMER MANAGER OF A BRANCH OFFICE, FOR FAILURE TO EXERCISE PROPER SUPERVISION IN PREVENTING MISCONDUCTS OF A FORMER BROKER WHO WAS A STOCKBROKER IN THAT BRANCH OFFICE DURING 1962-1963. Summary: ****** REGULATORY ACTION (183 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE ALASKA DIVISION OF BANKING, SECURITIES AND CORPORATIONS Date initiated: 04/01/1996 Docket/ Case Number: 96-09S Allegations: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $29,897.00 Current Status: Final Resolution: Consent Resolution Date: 04/26/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $29,897.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $29,897.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFF RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PRIOPRIETY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH ALASKA PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (184 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE ARIZONA DIVISION OF BANKING, SECURITIES AND CORPORATIONS Date initiated: 05/01/1996 Docket/ Case Number: DOCKET #S-3124-I, DECISION #59639 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLE SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTEREST Current Status: Final Resolution: Consent Resolution Date: 05/20/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction NASD BrokerCheck October 14, 2005 Page 133 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Monetary Amount: $129,168.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $129,168.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONDLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WA SCONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH ARIZONA PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (185 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: SECURITIES AND EXCHANGE COMMISSION Date initiated: 02/01/1993 Docket/ Case Number: FILE NUMBER 3-7979 Allegations: SEC ALLEGED THAT PAINEWEBBER FAILED REASONABLY TO SUPERVISE RESPRESENTATIVES EMPLOYED AT OFFICES IN BIRMINGHAM, AL, BEVERLY HILLS,CA NORTHBOOK & OAKBROOK, IL & HOUSTON, TX. FROM 11/86- 6/88, SUCH REGISTERED REPRESENTATIVES ENGAGED IN SALES PRACTICE ABUSES. FROM 8/89- 10/90, A REPRESENTATIVE AT THE NORTHBROOK OFFICE ENGAGED IN VIOLATIONS OF FEDERAL SECURITIES REGISTRATION PROVISIONS. Current Status: Final Resolution: Consent Resolution Date: 02/18/1993 Sanctions Ordered: Censure Resolution Details: PAINEWEBBER CONSENTED WITHOUT ADMITTING OR DENYING THE ALLEGATIONS. PAINEWEBBER WAS CENSURED AND SUBJECT TO SEVERAL UNDERTAKINGS, INCLUDING A PROHIBITION AGAINST OPENING NEW ACCOUNTS FOR 30 DAYS AT FOUR OF THE OFFICES AND HIRING OF AN INDEPENDENT CONSULTANT TO REVIEW SALES PRACTICE PROCEDURES. Summary: ****** REGULATORY ACTION (186 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: STATE OF GEORGIA Date initiated: 11/01/1985 Docket/ Case Number: EX-BU-84-15 Allegations: VIOLATED GEORGIA INSURANCE CODE Current Status: Final Resolution: Decision Resolution Date: 11/01/1985 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $4,200.00 NASD BrokerCheck October 14, 2005 Page 134 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution Details: CEASE AND DESIST ORDER AND $4,200 PENALTY. Summary: ****** REGULATORY ACTION (187 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: DEPARTMENT OF BANKING OF THE STATE OF CONNECTICUT Date initiated: 08/01/1988 Docket/ Case Number: UNKNOWN Allegations: ALLOWING TWO INDIVIDUALS TO CONDUCT BUSINESS IN CONNECTICUT WITHOUT BEING DULY REGISTERED IN THE STATE. Current Status: Final Resolution: Stipulation and Consent Resolution Date: 09/30/1991 Sanctions Ordered: Monetary/Fine Monetary Amount: $25,000.00 Resolution Details: FINE OF $25,000 AND A STIPULATION AGREEMENT TO ENFORCE PROCEDURE TO DETECT AND PREVENT ACTIVITIES. Summary: "PAINEWEBBER WAS ADVISED ON DECEMBER 29, 1997 BY THE CONNECTICUT DEPARTMENT OF BANKING, THAT THE FIRM HAS BEEN RELEASED FROM ALL OBLIGATIONS UNDER, AND NEED NO LONGER COMPLY WITH ANY OF THE ON GOING PROVISIONS CONTAINED IN THE STIPULATION AND AGREEMENT, DATED SEPTEMBER 30, 1991." ****** REGULATORY ACTION (188 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: COMMONWEALTH OF VIRGINIA STATE CORPORATION COMMISSION Date initiated: 05/01/1996 Docket/ Case Number: SEC960030 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-1992 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVE & OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS. Current Status: Final Resolution: Consent Resolution Date: 05/13/1996 Sanctions Ordered: Monetary/Fine Monetary Amount: $136,432.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDINGS THEREIN, TO THE ENTRY OF ORDER FROM FURTHER VIOLATIONS, AND TO PAY $136,432.00 Summary: ON 1/18/96 PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRM'S PAST SALE OF PUBLIC PROPRIETARY NASD BrokerCheck October 14, 2005 Page 135 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) DIRECT INVESTMENTS. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENTS WOULD BE REACHED WITH ALL STATES, P.R. AND D.C THIS FILLIG REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH VIRGINIA PURSUANT TO THAT AGREEMENT. ****** REGULATORY ACTION (189 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: STATE OF UTAH, DIVISION OF SECURITIES Date initiated: 06/01/1996 Docket/ Case Number: UDS FILE #950873 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-1992 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVE & OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS. Current Status: Final Resolution: Consent Resolution Date: 06/06/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $53,697.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDINGS THEREIN, TO THE ENTRY OF ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS, AND TO PAY $53,697.00 (SEE ITEM 10 BELOW) Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRM'S PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENTS. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTI STATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENTS WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILLING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH UTAH PURSUANT TO THAT AGREEMENT. ****** REGULATORY ACTION (190 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASD Date initiated: 12/01/1981 Docket/ Case Number: UNKNOWN Allegations: VIOLATION OF SECTION 27 OF THE ASSOCIATION'S RULES OF FAIR PRACTICE. Current Status: Final Resolution: Decision Resolution Date: 12/01/1981 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $5,000.00 Resolution Details: IN DECEMBER 1981, A DISTRICT BUSINESS CONDUCT COMMITTEE OF THE NASD BrokerCheck October 14, 2005 Page 136 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) NASD IMPOSED A PENALTY OF A CENSURE AND $5,000 FINE JOINTLY AND SEVERALLY AGAINST PAINE, WEBBER, JACKSON & CURTIS INCORPORATED AND TWO OF ITS EX-BRANCH MANAGERS FOR A VIOLATION OF SECTION 27 OF THE ASSOCIATION'S RULES OF FAIR PRACTICE. Summary: ****** REGULATORY ACTION (191 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 03/20/2001 Initiated By: CHICAGO BOARD OF TRADE Date initiated: 12/01/1990 Docket/ Case Number: N/A Allegations: THE FIRM DID NOT ENFORCE PROPER FLOOR PROCEDURES. Current Status: Final Resolution: Consent Resolution Date: 12/01/1990 Sanctions Ordered: Monetary/Fine Monetary Amount: $5,000.00 Resolution Details: IN DECEMBER OF 1990, PAINEWEBBER INCORPORATED ENTERED INTO A CONSENT ORDER WITH THE CHICAGO BOARD OF TRADE CONCERNING ALLEGATIONS THAT THE FIRM DID NOT ENFORCE PROPER FLOOR PROCEDURES. WITHOUT ADMITTING OR DENYING ANY LIABILITY, THE FIRM AGREED TO PAY A $5,000 FINE. Summary: ****** REGULATORY ACTION (192 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: COMMONWEALTH OF VIRGINIA DIVISION OF SECURITIES Date initiated: 09/01/1991 Docket/ Case Number: UNKNOWN Allegations: THIS MATTER AROSE AS THE RESULT OF AN INVESTIGATION CONDUCTED BY THE DIVISION INTO PAINEWEBBER'S AND MHAM'S INVESTMENT ADVISORY ACTIVITY IN VIRGINIA. THE INVESTIGATION REVEALED THAT MHAM'S REGISTRATION AS AN INVESTMENT ADVISER HAD EXPIRED ON DECEMBER 31, 1990; AND, FURTHER, THAT BOTH PAINEWEBBER AND MHAM MAY HAVE VIOLATED SECTION 13.1-504 OF THE VIRGINIA CODE, BY FAILING TO PROPERLY REGISTER BROKER/DEALER REPRESENTATIVES AS INVESTMENT ADVISER REPRESENTATIVES PURSUANT TO THE REQUIREMENTS OF THE STATUTE. Current Status: Final Resolution: Decision & Order of Offer of Settlement Resolution Date: 09/01/1991 Sanctions Ordered: Monetary/Fine Monetary Amount: $315,000.00 Resolution Details: IN SEPTEMBER, 1991, PAINEWEBBER INCORPORATED ("PAINEWEBBER") AND MITCHELL HUTCHINS ASSET MANAGEMENT INC. ("MHAM") (A WHOLLY-OWNED SUBSIDIARY OF PAINEWEBBER INCORPORATED) ENTERED INTO AN ORDER ACCEPTING OFFER OF SETTLEMENT WITH THE COMMONWEALTH OF VIRGINIA, STATE CORPORATION COMMISSION, NASD BrokerCheck October 14, 2005 Page 137 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) DIVISION OF SECURITIES AND RETAIL FRANCHISING ("DIVISION") WHEREBY PAINEWEBBER AND MHAM, WITHOUT ADMITTING OR DENYING VARIOUS ALLEGED VIOLATIONS, CONSENTED TO THE IMPOSITION OF A PENALTY IN THE AMOUNT OF $300,000.00 BY THE DIVISION; IN ADDITION, PAINEWEBBER AND MHAM AGREED TO REIMBURSE THE DIVISION THE SUM OF $15,000.00 FOR COSTS OF THE INVESTIGATION CONDUCTED BY THE DIVISION; FINALLY, PAINEWEBBER AND MHAM AGREED TO COMPLY WITH CERTAIN UNDERTAKINGS SET FORTH IN THE ORDER. Summary: ****** REGULATORY ACTION (193 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE COMEX COMMITTEE ON BUSINESS CONDUCT Date initiated: 03/10/1989 Docket/ Case Number: UNKNOWN Allegations: ALLEGED PAINEWEBBER VIOLATED COMEX RULES 4.88 (CURRENTLY 4.97), FAILURE TO MAINTAIN AND PRODUCE TRADING RECORDS; AND 3.13(A)(III), FAILURE TO ADEQUATELY SUPERVISE MEMBERS WHO CONFERRED MEMBERSHIP PRIVILEGES ON THE FIRM. Current Status: Final Resolution: Settled Resolution Date: 03/10/1989 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $10,000.00 Resolution Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS CONTAINED IN THE COMPLAINT, PAINEWEBBER SUBMITTED AN OFFER OF SETTLEMENT. PURSUANT TO RULE 8.41 OF COMEX, THE SUPERVISORY COMMITTEE ACCEPTED SUCH OFFER OF SETTLEMENT, AND IN CONNECTION THEREWITH, DETERMINED TO IMPOSE A SANCTION PROVIDING FOR A FINE IN THE AMOUNT OF $10,000, AND AN ORDER TO CEASE AND DESIST . THAT DECISION IS FINAL AS OF MARCH 10, 1989. PURSUANT TO SECTION 8C OF THE COMMODITY EXCHANGE ACT AND PART 9 OF THE CFTC WITHIN THIRTY DAYS OF THE DATE NOTICE REGARDING THE ABOVE-MENTIONED EXCHANGE ACTION WAS APPROVED. Summary: ****** REGULATORY ACTION (194 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: COMMODITIES EXCHANGE COMMISSION, INC (COMEX) Date initiated: 10/01/1988 Docket/ Case Number: UNKNOWN Allegations: ALLEGATIONS INVOLVED RESPONDENT BROKERS OF PAINEWEBBER, IN THAT PAINEWEBBER FAILED TO ADEQUATELY SUPERVISE THE TRADING ACTIVITY OF ITS FLOOR BROKERS AND ALLOWED THEM TO ENGAGE IN RISKLESS TRANSACTIONS AND PREARRANGED TRADING. Current Status: Final Resolution: Decision & Order of Offer of Settlement Resolution Date: 10/01/1988 Sanctions Ordered: Monetary/Fine NASD BrokerCheck October 14, 2005 Page 138 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Monetary Amount: $15,000.00 Resolution Details: IN OCTOBER, 1988, PAINEWEBBER WAS FINED $15,000.00 BY THE COMMODITIES EXCHANGE COMMISSION, INC (COMEX) THE FINE WAS PURSUANT TO AN OFFER SUBMITTED BY PAINEWEBBER TO THE COMMODITIES EXCHANGE WHICH WAS ACCEPTED. THE ACTIVITIES OF INVOLVED RESPONDENT BROKERS OF PAINEWEBBER, IN THAT PAINEWEBBER FAILED TO ADEQUATELY SUPERVISE THE TRADING ACTIVITY OF ITS FLOOR BROKERS AND ALLOWED THEM TO ENGAGE IN RISKLESS TRANSACTIONS AND PREARRANGED TRADING. Summary: ****** REGULATORY ACTION (195 of 302) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: BOARD OF GOVERNORS OF THE COMEX CLEARING ASSOCIATION, INC Date initiated: 03/01/1985 Docket/ Case Number: UNKNOWN Allegations: ALLEGED VIOLATION OF THE ASSOCIATION'S RULE 2 REQUIRING IMMEDIATE NOTIFICATION TO THE ASSOCIATION UPON THE TRANSFER OF PAINE, WEBBER, JACKSON & CURTIS' SHARES OF COMEX CLEARING ASSOCIATION, INC. STOCK FROM ONE PARTY TO ANOTHER. Current Status: Final Resolution: Decision & Order of Offer of Settlement Resolution Date: 03/01/1985 Sanctions Ordered: Monetary/Fine Monetary Amount: $1,000.00 Resolution Details: IN MARCH, 1985, THE BOARD OF GOVERNORS OF THE COMEX CLEARING ASSOCIATION, INC. ACCEPTED AN OFFER OF SETTLEMENT IN THE AMOUNT OF $1,000.00 FOR PAINE, WEBBER, JACKSON & CURTIS, INC.'S ALLEGED VIOLATION OF THE ASSOCIATION'S RULE 2 REQUIRING IMMEDIATE NOTIFICATION TO THE ASSOCIATION UPON THE TRANSFER OF PAINE, WEBBER, JACKSON & CURTIS' SHARES OF COMEX CLEARING ASSOCIATION, INC. STOCK FROM ONE PARTY TO ANOTHER. Summary: ****** REGULATORY ACTION (196 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: Initiated By: FLORIDA DIVISION OF SECURITIES Date initiated: 02/10/1982 Docket/ Case Number: 1440-S-1/91 Allegations: NOT PROVIDED Current Status: Final Resolution: Consent Resolution Date: 08/25/1992 Sanctions Ordered: Resolution Details: ON AUGUST 25, 1992, THE FLORIDA DEPARTMENT OF BANKING AND FINANCE ENTERED INTO A STIPULATION AND CONSENT AGREEMENT AND FINAL ORDER WITH RESPONDENTS THOMAS JERRY THEUS, CHARLES NASD BrokerCheck October 14, 2005 Page 139 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) COLEMAN STIPANOVICH AND PAINEWEBBER, INC. RESPONDENTS AGREE TO REIMBURSE TWO SEPARATE CLIENTS A TOTAL OF $12,623.94 FOR VIOLATIONS COMMITTED BY MORTON L. ANNIS, JR. AND TO PAY A SUM OF $5,000 TO THE DEPARTMENT'S ANTI-FRAUD TRUST FUND TO COVER THE ADMINISTRATIVE AND INVESTIGATIVE COSTS INCURRED BY THE DEPARTMENT IN THIS MATTER. Summary: NOT PROVIDED *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: STATE OF FLORIDA Date initiated: 02/10/1992 Docket/ Case Number: 1440-S-1/91 Allegations: IN FEBRUARY 1992, THE STATE OF FLORIDA ISSUED AN AMENDED ADMINISTRATIVE COMPLAINT WHERE AS PAINEWEBBER INC. WAS NAMED AS RESPONDENT RESONSIBLE FOR THE SUPERVISION OF MORTON L. ANNIS, THE INVESTMENT EXECUTIVE WHO IS ALLEGED TO HAVE RECORDED INACURATE INFORMATION ON TWO CLIENTS AND NEW ACCOUNT FORMS MAKING UNSUITABLE RECOMMENDATIONS IN BOTH ACCOUNTS. Current Status: Final Resolution: Stipulation and Consent Resolution Date: 08/25/1992 Sanctions Ordered: Monetary/Fine Monetary Amount: $17,623.94 Resolution Details: ON OR ABOUT JUY 29, 1992, PAINEWEBBER INC. ENTERED INTO A STIPULATON AND FINAL ORDER IN WHICH PAINEWEBBERR INC AGREED TO REIMBURSE THE TWO CLIENTS FOR LOSSES TOTALING $12,623.94 AND PAID ADMINISTRATIVE COSTS TO THE STATE OF FLORIDA. NO FINDINGS WERE MADE AGAINST PAINEWEBBER INCORPORATED. Summary: ****** REGULATORY ACTION (197 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 10/21/1998 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 10/21/1998 Docket/ Case Number: CMS980096 AWC Allegations: Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 10/21/1998 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $4,500.00 Resolution Details: Summary: LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. CMS980096 AWC. ON OCTOBER 21, 1998, PAINEWEBBER INCORPORATED (PWJC) WAS NOTIFIED THAT THE LETTER OF ACCEPTANCE, WAIVER AND CONSENT (AWC) THAT IT SUBMITTED WAS ACCEPTED BY NASD REGULATION, INC.'S DEPARTMENT OF ENFORCEMENT AND THE NATIONAL ADJUDICATORY COUNCIL. THE AWC ALLEGES THAT THE FOLLOWING ACTIVITY OCCURRED: PWJC FAILED TO DISPLAY IMMEDIATELY THREE CUSTOMER NASD BrokerCheck October 14, 2005 Page 140 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) LIMIT ORDERS WHEN THE ORDERS WERE AT A PRICE THAT WOULD HAVE IMPROVED PWJC'S BID OR OFFER IN EACH SECURITY RELATED TO THOSE ORDERS, OR WHEN THE FULL SIZE OF THE ORDERS WERE PRICED EQUAL TO PWJC'S BID OR OFFER AND THE NATIONAL BEST BID OR OFFER AND THE ORDERS REPRESENTED MORE THAN A DE MINIMIS CHANGE IN RELATION TO THE SIZE ASSOCIATED WITH PWJC's BID OR OFFER IN EACH SECURITY. THIS CONDUCT CONSTITUTES SEPARATE AND DISTINCT VIOLATIONS OF SEC RULE 11AC1-4. PWJC FAILED TO PROVIDE, IN CONNECTION WITH 24 TRANSACTIONS WHERE PWJC ACTED AS PRINCIPAL, WRITTEN NOTIFICATION TO ITS CUSTOMERS THAT THE PRICE DISCLOSED ON EACH CONFIRMATION WAS THE REPORTED TRADE PRICE OF THE TRANSACTION. THIS CONDUCT CONSTITUTES SEPARATE AND DISTINCT VIOLATIONS OF SEC RULE 10B-10. ON JULY 8, 1997, PWJC FAILED TO USE REASONABLE DILIGENCE TO ASCERTAIN THE BEST INTER-DEALER MARKET FOR THREE TRANSACTIONS SO THAT THE RESULTANT PRICE TO THE CUSTOMER WAS AS FAVORABLE AS POSSIBLE UNDER PREVAILING MARKET CONDITIONS. THIS CONSTITUTES SEPARATE AND DISTINCT VIOLATIONS OF NASD CONDUCT RULES 2110 AND 2320. PWJC WAS CENSURED AND FINED $4,500. 04-13-99, $4,500 PAID ON 12/02/98, INVOICE #98-MS-933 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASD REGULATION, INC. Date initiated: 08/01/1998 Docket/ Case Number: UNKNOWN Allegations: CERTAIN NASD RULE VIOLATIONS ALLEGED TO HAVE OCCURRED IN JULY 1997. Current Status: Final Resolution: Settled Resolution Date: 10/23/1998 Sanctions Ordered: Monetary/Fine Monetary Amount: $4,500.00 Resolution Details: ON OCTOBER 27, 1998, PAINWEBBER RECEIVED NOTIFICATION THAT THE NASDR ACCEPTED THE FIRM'S OFFER OF SETTLEMENT OF CERTAIN NASD RULE VIOLATIONS ALLEGED TO HAVE OCCURRED IN JULY 1997. UNDER THE TERMS OF THIS SETTLEMNT, PAINEWEBBER NEITHER ADMITTED NOR DENIED LIABILITY AND AGREED TO PAY A FINE OF $4,500. Summary: ON OCTOBER 27, 1998, PAINWEBBER RECEIVED NOTIFICATION THAT THE NASDR ACCEPTED THE FIRM'S OFFER OF SETTLEMENT OF CERTAIN NASD RULE VIOLATIONS ALLEGED TO HAVE OCCURRED IN JULY 1997. UNDER THE TERMS OF THIS SETTLEMNT, PAINEWEBBER NEITHER ADMITTED NOR DENIED LIABILITY AND AGREED TO PAY A FINE OF $4,500. NASDR FOUND THAT THE FIRM: (I) FAILED TO DISPLAY IMMEDIATELY 3 CUSTOMER LIMIT ORDERS THAT WOULD HAVE IMPROVED THE FIRM'S QUOTED PRICE; (II) FAILED TO ASCERTAIN THE BEST INTERDEALER MARKET IN EXECUTING THREE CUSTOMER ORDERS; AND (III) FAILED TO ADVISE ITS CUSTOMERS THAT THE PRICES SET FORTH IN THEIR TRADE CONFIRMATIONS WAS THE SAME AS THE TRANSACTION PRICE REPORTED TO THE NASD. ****** REGULATORY ACTION (198 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 07/07/1999 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 05/20/1988 Docket/ Case Number: CLE-325 Allegations: COMPLAINT NO. CLE-325 FILED MAY 20, 1988 BY DISTRICT NO. 9 AGAINST RESPONDENTS PAINEWEBBER, INCORPORATED, JOSEPH SHAGRIN, JR. AND JEFFREY THOMAS HEAL ALLEGING VIOLATIONS OF ARTICLE III, SECTIONS 1, 2 AND 27(A) OF THE RULES OF FAIR PRACTICE IN NASD BrokerCheck October 14, 2005 Page 141 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) THAT RESPONDENT HEAL MADE UNSUITABLE RECOMMENDATIONS TO CUSTOMERS FOR THE PURCHASE OF SECURITIES; MOVED CUSTOMER FUNDS FROM A FUND SEEKING "TO PROVIDE HIGH CURRENT INCOME CONSISTENT WITH THE PRESERVATION OF CAPITAL AND LIQUIDITY" TO A FUND WITH OBJECTIVES SEEKING "TO PROVIDE THE HIGHEST LEVEL OF CURRENT INCOME AVAILABLE WITHOUT UNDUE RISK" AND SIMULTANEOUSLY HEAL GENERATED ADDITIONAL SALES CHARGES ON BEHALF OF HIMSELF AND RESPONDENT MEMBER; AND, RESPONDENTS MEMBER AND SHAGRIN FAILED TO ENFORCE THE WRITTEN PROCEDURES OF THE MEMBER SO AS TO SUPERVISE PROPERLY THE ACTIVITIES OF RESPONDENT HEAL. Current Status: Final Resolution: Decision & Order of Offer of Settlement Resolution Date: 03/27/1990 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $1,500.00 Resolution Details: DECISION RENDERED MARCH 27, 1990, WHEREIN THE OFFER OF SETTLEMENT SUBMITTED BY RESPONDENTS WAS ACCEPTED; THEREFORE, THEY ARE CENSURED AND EACH FINED $1,500.00. Summary: *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 02/26/2003 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 05/20/1988 Docket/ Case Number: CLE-325 Allegations: ALLEGED THAT THE FIRM FAILED TO ENFORCE WRITTEN PROCEDURES OF THE MEMBER RELATING TO THE SUPERVISION OF A REGISTERED REPRESENTATIVE. Current Status: Final Resolution: Decision & Order of Offer of Settlement Resolution Date: 03/27/1990 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $1,500.00 Resolution Details: DUE TO THE AGE OF THE ITEM, ADDITIONAL SANCTION DETAIL IS UNAVAILABLE. Summary: ****** REGULATORY ACTION (199 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 10/08/1986 Initiated By: COMMODITY FUTURES TRADE COMMISSION Date initiated: 10/08/1986 Docket/ Case Number: R80-735-80-540 Allegations: Current Status: Final Resolution: Order Resolution Date: 10/08/1986 Sanctions NASD BrokerCheck October 14, 2005 Page 142 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Ordered: Resolution Details: Summary: 1/8/87 - COPY OF CFTC 'OPINION AND ORDER' - CFTC DOCKET NO. R80-735-80-540; THOMAS MUNNELL V. PAINE WEBBER JACKSON AND CURTIS, ET AL., DISCLOSES: RESPONDENT PAINE WEBBER JACKSON AND CURTIS, INC. APPEALS FROM THE ADMINISTRATIVE LAW JUDGE'S AWARD OF $22,330 TO COMPLAINANT. THE JUDGE CONCLUDED THAT RESPONDENT ROREX HAD MISREPRESENTED THE RISK INVOLVED IN TREASURY BILL FUTURES TRANSACTIONS HE WAS RECOMMENDING AND THAT PAINE WEBBER AND RESPONDENT FORD WERE LIABLE PURSUANT TO SECTION 2(a)(1)(A) OF THE COMMODITY EXCHANGE ACT. PAINE WEBBER ARGUES THAT FALSE STATEMENTS MADE BY ROREX ARE NOT ACTIONABLE UNDER THE ACT AND CONTEND THAT EVEN IF LIABILITY IS ESTABLISHED, THE AMOUNT OF DAMAGES AWARDED IS ERRONEOUS. THE COMMISSION AGREES WITH RESPONDENT THAT THE JUDGE ERRED IN AWARDING COMPOUNDED INTEREST; AND ACCORDINGLY VACATE THE AWARD OF COMPOUNDED INTEREST AND AWARD SIMPLE INTEREST AT THE RATE SPECIFIED IN THE INITIAL DECISION. THIS DECISION IS SO ORDERED OCTOBER 8, 1986 - JEAN A. WEBB, SECRETARY OF THE COMMISSION, COMMODITY FUTURES TRADING COMMISSION. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: COMNMODITY FUTURES TRADING COMMISSION Date initiated: 02/01/1986 Docket/ Case Number: UNKNOWN Allegations: FAILURE TO MAINTAIN CERTAIN 1979 AND 1980 BLYTH EASTMAN DILLON AND CO., INC RECORDS. Current Status: Final Resolution: Decision Resolution Date: 02/01/1986 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $22,500.00 Resolution Details: PAINEWEBBER INCORPORATED WAS FINED $22,500.00 BY THE COMMODITY FUTURES TRADING COMMISSION ("CFTC") AND ORDERED TO CEASE AND DESIST FROM VIOLATIONS RELATING TO ITS FAILURE TO MAINTAIN CERTAIN 1979 AND 1980 BLYTH EASTMAN DILLON AND CO., INC RECORDS. PAINEWEBBER INC. ALSO UNDERTOOK TO MAINTAIN A SYSTEM SIMILAR TO ITS CURRENT SYSTEM DESIGNATING EXCHANGE FOR PHYSICAL TRANSACTIONS ON ITS RECORDS. Summary: ****** REGULATORY ACTION (200 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 08/12/1985 Initiated By: COMMODITY FUTURES TRADE COMMISSION Date initiated: 09/23/1985 Docket/ Case Number: R80-735-80-540 Allegations: Current Status: Final Resolution: Order Resolution Date: 09/23/1985 Sanctions Ordered: NASD BrokerCheck October 14, 2005 Page 143 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution Details: Summary: 9/23/85, CFTC DOCKET NO. R80-735-80-540, THOMAS C. MUNNELL, COMPLAINANT V. PAINE WEBBER, JACKSON AND CURTIS, INC., BARRY ROREX AND FREDERICK C. FORD, III, RESPONDENTS. THIS IS A REPARATIONS PROCEEDING INSTITUTED PURSUANT TO A COMPLAINT BY THOMAS C. MUNNELL FOR ALLEGED VIOLATIONS OF THE COMMODITY EXCHANGE ACT ("CEACT"), AS AMENDED, 7 U.S.C. 1 et seq. COMPLAINANT SEEKS DAMAGES TOTALING $23,330.00 PLUS INTEREST AND COSTS. COMPLAINANT ALLEGES THAT RESPONDENT ROREX MISREPRESENTED SEVERAL MATERIAL FACTS TO INDUCE HIM TO ESTABLISH THE COMMODITY FUTURES CONTRACT TRADING ACCOUNT; THAT ROREX FAILED TO UNDERSTAND OR ADEQUATELY INVESTIGATE THE RISK IN TRADING COMMODITY FUTURES AND GLOSSED OVER HIS REPRESENTATIONS OF RISK; THAT ROREX STATED THAT THE INVESTMENT WAS WITHOUT SUBSTANTIAL RISK AND THAT A 32 PERCENT RETURN WAS TO BE EXPECTED. COMPLAINANT TESTIFIED THAT RESPONDENT ROREX INFORMED HIM THAT THE 32 PERCENT WAS A CONSERVATIVE PREDICTION AND THAT NO MORE THAN $6,000 OF THE $25,000 INVESTMENT WOULD BE AT RISK. COMPLAINANT ALSO STATED THAT HE WAS NOT INFORMED AT THE STRATEGY PRESENTATION THAT HE COULD LOSE THE ENTIRE AMOUNT OR THAT THERE MIGHT BE DIFFICULTY LIQUIDATING POSITIONS. RESPONDENT ROREX TESTIFIED THAT HE INFORMED COMPLAINANT THAT HE COULD LOSE HIS ENTIRE INVESTMENT AND COULD BE CALLED UPOM TO DEPOSIT ADDITIONAL MARGIN FUNDS. ROREX ACKNOWLEDGED THAT HE TOLD COMPLAINANT HE COULD EXPECT A RETURN OF OVER 30 PERCENT ON HIS INVESTMENT.; AND STATED HE DID NOT BELIEVE HE INFORMED COMPLAINANT THAT IT MIGHT BE DIFFICULT OR IMPOSSIBLE TO LIQUIDATE HIS POSITIONS UNDER CERTAIN MARKET CONDITIONS. THE COMMISSION ORDERED THAT RESPONDENTS PAINE WEBBER JACKSON & CURTIS, INC., BARRY ROREX AND FREDERICK C. FORD, III, SHALL PAY $23,330.00 TO COMPLAINANT, THOMAS C. MUNNELL PLUS ANNUAL COMPOUND INTEREST FROM JUNE 20, 1978 AND COSTS OF $25.00 FOR THE FILING FEE IN THIS CASE. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 03/03/2003 Initiated By: COMMODITY FUTURES TRADE COMMISSION Date initiated: 09/23/1985 Docket/ Case Number: R80-735-80-540 Allegations: ALLEGED VIOLATIONS OF THE COMMODITY EXCHANGE ACT IN THAT THE FIRM WAS NAMED IN A CLIENT INITIATED REPARATIONS PROCEEDING AS THE SUPERVISOR OF A REGISTERED REPRESENTATIVE. Current Status: Final Resolution: Order Resolution Date: 09/23/1985 Sanctions Ordered: Other Sanctions: THE RESPONDENTS WERE ORDERED TO PAY $23,330.00. HOWEVER, DUE TO THE AGE OF THE ITEM, THE FIRM CANNOT DETERMINE WHAT PORTION WAS ASSESED AGAINST IT. Resolution Details: CLIENT WAS ALSO AWARDED ANNUAL COMPOUND INTEREST AND FILING FEES. Summary: ****** REGULATORY ACTION (201 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 07/07/1999 Initiated By: U.S. COMMODITY FUTURES TRADE COMMISSION Date initiated: 07/31/1991 Docket/ Case Number: NASD BrokerCheck October 14, 2005 Page 144 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Allegations: THE COMMODITY FUTURES TRADING COMMISSION DISCLOSES: THE COMPLAINANT ALLEGES THAT RESPONDENTS PLACED CERTAIN TRADES IN HIS ACCOUNT WITHOUT AUTHORITY, RESULTING IN LOSSES TO HIM OF $44,741.01, AND COMMITTED OTHER VIOLATIONS, INCLUDING FAILURE TO SUPERVISE, AND FUNCTIONING WITHOUT REGISTRATION IN A BROKER CAPACITY. Current Status: Final Resolution: Order Resolution Date: 07/31/1991 Sanctions Ordered: Other Sanctions: ORDER TO PAY REPARATIONS, PLUS INTEREST; AND $200.00 FILING FEE. Resolution Details: ON JULY 31, 1991, ORDER WAS ENTERED BY ADMINISTRATIVE LAW JUDGE, ARTHUR L. SHIPE DISCLOSING: IT IS HEREBY ORDERED THAT THE RESPONDENT PAINE WEBBER, INC., PAY REPARATIONS TO COMPLAINANTS IN THE AMOUNT OF $44,741.40, PLUS INTEREST FROM OCTOBER 17, 1989, TO DATE OF PAYMENT, AT THE ANNUAL RATE OF 6.39 PRECENT, COMPOUNDED ANNUALLY, PLUS $200.00 THE AMOUNT OF THE FILING FEE. LIABILITY IS JOINT AND SEVERAL. Summary: *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 03/03/2003 Initiated By: COMMODITY FUTURES TRADE COMMISSION Date initiated: 07/31/1991 Docket/ Case Number: UNKNOWN Allegations: ALLEGATIONS RELATE TO THE FIRM'S BEING NAMED IN A CLIENT INITIATED CLAIM AS THE SUPERVISOR OF A REGISTERD REPRESENTATIVE. Current Status: Final Resolution: Order Resolution Date: 07/31/1991 Sanctions Ordered: Monetary/Fine Monetary Amount: $0.00 Other Sanctions: DUE TO THE AGE OF THE ITEM, THE AMOUNT OF THE CLAIM PAID BY THE FIRM IS UNKNOWN. Resolution Details: SACTIONS WERE ORDERED WITH INTEREST AT AT AN ANNUAL RATE OF 6.39 PERCENT, COMPOUNDED ANNUALLY. Summary: ****** REGULATORY ACTION (202 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 12/02/1993 Initiated By: Maryland Division of Securities Date initiated: 12/30/1992 Docket/ Case Number: S-92-102/S-95-063 Allegations: Unregistered investment advisory activities Current Status: Final NASD BrokerCheck October 14, 2005 Page 145 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution: Consent Resolution Date: 09/12/1997 Sanctions Ordered: Monetary/Fine Monetary Amount: $10,000.00 Resolution Details: On 12/3/93, the Securities Commissioner issued an Order against PaineWebber, ordering Respondent to pay a fine of $10,000 and to take specific actions to enhance Respondent's compliance with Maryland's investment adviser laws. Summary: For additional information contact Julie L. Tewey, AAG, (410) 576-7037. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: MARYLAND DIVISION OF SECURITIES Date initiated: 12/30/1992 Docket/ Case Number: S-92-102 Allegations: ALLOWED ITS EMPLOYEES TO ACT AS UNREGISTRED INVESTMENT ADVISOR REPRESENTATIVES BY HOLDING OUT AS INVESTMENT ADVISORS IN MARYLAND WITHOUT PROPER REGISTRATION WITH THE DIVISION Current Status: Final Resolution: Order Resolution Date: 12/03/1993 Sanctions Ordered: Monetary/Fine Monetary Amount: $10,000.00 Resolution Details: PAINEWEBBER WAS ORDERED TO PAY $10,000 AND TO TAKE SPECIFIC ACTIONS TO ENHANCE RESPONDENT'S COMPLIANCE WITH MARYLAND'S INVESTMENT ADVISOR LAWS (INCLUDING ITS REQUIREMENT THAT INDIVIDUALS WHO ARE HOLDING OUT AS INVESTMENT ADVISORS BY THE USE OF THAT OR ANY SIMILAR TERM BE REGISTERED AS INVESTMENT ADVISORS) Summary: ****** REGULATORY ACTION (203 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 01/17/1996 Initiated By: SECURITIES AND EXCHANGE COMMISSION Date initiated: 01/17/1996 Docket/ Case Number: Allegations: Current Status: Final Resolution: Consent Resolution Date: 01/17/1996 Sanctions Ordered: Disgorgement/Restitution, Cease and Desist/Injunction Resolution Details: Summary: 1-21-96-SEC NEWS DIGEST ISSUE NO. 96-8, DATED JANUARY 18, 1996, ENFORCEMENT PROCEEDINGS DISCLOSES; PAINEWEBBER FUNDS NASD BrokerCheck October 14, 2005 Page 146 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) SETTLEMENTS FOR VICTIMS OF DIRECT INVESTMENT; THE COMMISSION TODAY ISSUED AN ADMINISTRATIVE ORDER FINDING THAT PAINEWEBBER INCORPORATED (PAINEWEBBER) DEFRAUDED PURCHASERS OF DIRECT INVESTMENTS. THE COMMISSION ALSO ANNOUNCED THAT A NEW YORK CITY FEDERAL DISTRICT COURT ENTERED AN ORDER PROVIDING FOR APPOITMENT OF A CLAIMS ADMINISTRATOR AND A COURT-ADMINISTERED CLAIMS FUND. PAINEWEBBER CONSENTED TO BOTH WITHOUT ADMITTING OR DENYING THE COMMISSION'S ALLEGATIONS AND FINDINGS. THE COMMISSION ORDER FINDS THAT BETWEEN 1986 AND 1992 PAINEWEBBER DISSEMINATED MISLEADING INFORMATION IN CONNECTION WITH THE SALE OF FOUR FAMILIES OF DIRECT INVESTMENTS. THE SALES MATERIAL OVERSTATED THE BENEFITS AND UNDERSTATED THE RISKS OF THE INVESTMENTS SUITABLE FOR VIRTUALLY ALL CONSERVATIVE INVESTORS. THE ORDER ALSO FINDS THAT PAINEWEBBER FAILED REASONABLY TO SUPERVISE CERTAIN EMPLOYEES WHO ENGAGED IN FRAUDULENT SALES PRACTICES. THE ORER IMPOSES A CENSURE, A CEASE AND DESIST ORDER, A $5 MILLION CIVIL PENALTY, AND VARIOUS REMEDIAL SANCTIONS. PAINEWEBBER MUST COMPLY WITH ITS REPRESENTATION THAT IT HAS PAID AND ITS OBLIGATION TO PAY A TOTAL OF $292.5 MILLION TO INVESTORS. OF THIS AMOUNT, $40 MILLION WILL BE DEPOSITED INTO A COURT-ADMINISTERED CLAIMS FUND TO COMPENSATE ELIGIBLE PURCHASERS OF DIRECT INVESTMENTS. [SEC V. PAINEWEBBER INCORPORATED, USDC, SDNY, 96 CV. 0331, SHS] LR-14787; REL NOS. 33-7257; 34-36724 +6/20/96 SEC DOCKET VOL. 61 NO. 2, DATED FEBRUARY 13, 1996, PAGE 179, DISCLOSES; THE ORDER INSTITUTING PUBLIC ADMINISTRATIVE PROCEEDINGS, MAKING FINDINGS, IMPOSING REMEDIAL SANCTIONS, AND ISSUING CEASE AND DESIST ORDER WAS ISSUED BY THE SEC ON JANUARY 17, 1996. REL. 7257 (SECURITIES ACT OF 1933), REL. 36724 (SECURITIES EXCHANGE ACT OF 1934) *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: SECURITIES AND EXCHANGE COMMISSION Date initiated: 01/01/1996 Docket/ Case Number: FILE #3-8928; RELEASE #36724 Allegations: SEC ALLEGED THAT PWI VIOLATED THE ANTIFRAUD & RECORDKEEPING PROVISIONS OF THE FEDERAL SECURITIES LAWS IN CONNECTION WITH THE OFFER & SALE OF CERTAIN LIMITED PARTNERSHIP INTERESTS BETWEEN 1986-1992 AND FAILED REASONABLY TO SUPERVISE CERTAIN REG. REPS & OTHER EMPLOYEES INVOLVED IN THE SALE OF THESE INTERESTS. Current Status: Final Resolution: Settled Resolution Date: 01/17/1996 Sanctions Ordered: Monetary/Fine, Censure, Cease and Desist/Injunction Monetary Amount: $5,000,000.00 Resolution Details: PWI CONSENTED, WITHOUT ADMITTING OR DENYING THE FINDINGS THERIN, TO THE ENTRY OF ORDER WHICH IMPOSED A CENSURE, A CEASE & DESIST ORDER, A $5M CIVIL PENALTY AND VARIOUS REMEDIAL SANCTIONS, PWI MUST COMPLY WITH ITS REPRESENTATION THAT IT HAS PAID & WILL PAY A TOTAL OF $292.5M TO INVESTORS,INCLUDING A PAYMENT OF $40M FOR CLAIMS FUND. Summary: ****** REGULATORY ACTION (204 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 04/10/2000 Initiated By: SECURITIES AND EXCHANGE COMMISSION Date initiated: 01/11/1999 Docket/ Case Number: NASD BrokerCheck October 14, 2005 Page 147 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Allegations: RESPONDENTS HAD ENGAGED PRIMARILY IN ONE OR MORE OF THESE VIOLATIONS ARISING FROM MARKET MAKING ACTIVITIES IN THE NASDAQ STOCK MARKET: THE COORDINATION OF QUOTATIONS AND TRANSACTIONS BY TRADERS MAKING MARKETS IN NASDAQ STOCKS IN VIOLATION OF ANTIFRAUD AND FICTITIOUS QUOTATION RULES, THE INTENTIONAL DELAY OF TRADE REPORTS, OTHER MANIPULATIVE ACTIVITY. Current Status: Final Resolution: Order Resolution Date: 01/11/1999 Sanctions Ordered: Disgorgement/Restitution, Cease and Desist/Injunction Resolution Details: THIS ORDER, PAY A CIVIL PENALTY IN THE AMOUNT OF $6,300,000, SHALL WITHIN 105 BUSINESS DAYS PAY DISGORGEMENT OF ILLICIT PROFITS IN THE AMOUNT OF $381,685; SHALL WITHIN 90 DAYS OF THE DATE OF THE ENTRY OF THIS ORDER, PROVIDE TO THE INDEPENDENT CONSULTANT APPOINTED BY SEC IN CONNECTION WITH THESE PROCEEDINGS A DESCRIPTION OF ITS POLICIES, PROCEDURES AND PRACTICES RELATING TO PREVENTION OR DETECTION OF THE TYPES OF IMPROPER CONDUCT DESCRIBED IN THE ORDER. (34-40919; FILE NO. 3-9803) Summary: [TOP] 02/11/99 SEC NEWS DIGEST, ISSUE NO. 99-6, DATED 1/11/99, ENFORCEMENT PROCEEDINGS DISCLOSED; SEC V. PAINEWEBBER INC, ET AL, PURSUANT TO SECTIONS 15(B) AND 21C OF THE SECURITIES EXCHANGE ACT OF 1934 AND, AS TO ONE FIRM, PURSUANT TO SECTION 203(K) OF THE INVESTMENT ADVISERS ACT OF 1940. ALL OF THE RESPONDENTS CONSENTED, WITHOUT ADMITTING OR DENYING SEC?S FINDINGS, TO THE ENTRY OF ORDERS WHICH IMPOSE CIVIL MONETARY PENALTIES WHICH TOTALLED $26,302,500, DISGORGEMENT OF WRONGFUL GAINS TOTALLING $791,525, SUSPENSIONS OR BARS, CEASE AND DESIST ORDERS AND OTHER SANCTIONS. RELS. 34-40900 THROUGH 34-40930, INCLUSIVE; IA-1781; FILTHE ORDERS FOUND THAT THE RESPONDENTS HAD ENGAGED PRIMARILY IN ONE OR MORE OF THESE VIOLATIONS ARISING FROM MARKET MAKING ACTIVITIES IN THE NASDAQ STOCK MARKET: THE COORDINATION OF QUOTATIONS AND TRANSACTIONS BY TRADERS MAKING MARKETS IN NASDAQ STOCKS IN VIOLATION OF ANTIFRAUD AND FICTITIOUS QUOTATION RULES, THE INTENTIONAL DELAY OF TRADE REPORTS, OTHER MANIPULATIVE ACTIVITY.(E NO. 3-9803); (PRESS REL. 99-2) 02-12-99, SEC PROCEEDING FILE NO. 3-9803 DATED 1/11/99 DISCLOSES: PAINEWEBBER SHALL CEASE AND DESIST FROM COMMITTING OR CAUSING ANY VIOLATION OF, AND COMMITTING OR CAUSING ANY FUTURE VIOLATION OF SECTIONS 10(B), 15(C)(1) A AND (2), AND 17(A) OF THE EXCHANGE ACT AND RULES 10B-5, 15C1-2, 15C2-7, AND 17A-3 THEREUNDER; SHALL WITHIN 105 BUSINESS DAY OF THE ENTRY OF THIS ORDER, PAY A CIVIL PENALTY IN THE AMOUNT OF $6,300,000, SHALL WITHIN 105 BUSINESS DAYS PAY DISGORGEMENT OF ILLICIT PROFITS IN THE AMOUNT OF $381,685; SHALL WITHIN 90 DAYS OF THE DATE OF THE ENTRY OF THIS ORDER, PROVIDE TO THE INDEPENDENT CONSULTANT APPOINTED BY SEC IN CONNECTION WITH THESE PROCEEDINGS A DESCRIPTION OF ITS POLICIES, PROCEDURES AND PRACTICES RELATING TO PREVENTION OR DETECTION OF THE TYPES OF IMPROPER CONDUCT DESCRIBED IN THE ORDER. (34-40919; FILE NO. 3-9803) *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: SECURITIES AND EXCHANGE COMMISSION Date initiated: 01/11/1999 Docket/ Case Number: RLSE NO. 34-40900 AND RLSE NO. 34-40919 Allegations: IN AN ACTION BROUGHT AGAINST ALMOST ALL OF THE MAJOR NASDAQ MARKET MAKERS, THE SEC FOUND THAT IN 1994 MARKET MAKERS, INCLUDING PAINEWEBBER, VIOLATED PROVISIONS OF THE FEDERAL SECURITIES LAWS IN CONNECTION WITH THEIR MARKET MAKING ACTIVITIES IN NASDAQ SECURITIES Current Status: Final Resolution: Settled Resolution Date: 01/11/1999 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution, Cease and NASD BrokerCheck October 14, 2005 Page 148 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Desist/Injunction Monetary Amount: $6,300,000.00 Other Sanctions: SUBMIT TO CERTAIN OF ITS POLICIES TO AN INDEPENDENT CONSULTANT. Resolution Details: WITHOUT ADMITTING OR DENYING THE FINDINGS, PAINEWEBBER AGREED TO PAY A CIVIL PENALTY OF $6,300,000 AND DISGORGEMENT OF $381,685 TO SETTLE THE MATTER. IN ADDITION, IT AGREED TO A CEASE AND DESIST ORDER AND TO SUBMIT TO CERTAIN OF ITS POLICIES TO AN INDEPENDENT CONSULTANT. Summary: ****** REGULATORY ACTION (205 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 02/04/1999 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 02/04/1999 Docket/ Case Number: C05990005 Allegations: Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 02/04/1999 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $50,000.00 Resolution Details: Summary: 02/08/99GK: ON FEBRUARY 4, 1999, DISTRICT NO. 5 NOTIFIED RESPONDENT PAINEWEBBER INCORPORATED THAT THE LETTER OF AWC NO. C05990005 WAS ACCEPTED; THEREFORE, THE FIRM IS CENSURED, FINED $50,000, AND REQUIRED WITHIN 90 DAYS OF THE DATE OF THIS AWC'S ACCEPTANCE TO CONDUCT A REVIEW OF ITS SUPERVISORY PROCEDURES REGARDING REGISTRATION OF PERSONNEL. THEREAFTER, UPON COMPLETION OF THE REVIEW, THE FIRM WILL IMPLEMENT SUCH CHANGES TO ITS SUPERVISORY PROCEDURES NECESSARY TO ENSURE THAT ALL PERSONS ACTIVELY ENGAGED IN THE FIRM'S INVESTMENT BANKING OR SECURITIES BUSINESS, OR IN THE MANAGEMENT THEREOF, ARE PROPERLY REGISTERED WITH THE NASD. THE FIRM IS REQUIRED TO PREPARE AND SUBMIT TO THE DISTRICT NO. 5 STAFF A WRITTEN REPORT DETAILING ITS REVIEW PROCEDURES AND REVISED SUPERVISORY PROCEDURES NO LATER THAN 90 DAYS FROM THE DATE OF ACCEPTANCE OF THIS AWC - (NASD RULES 2110, 3010 AND MEMBERSHIP AND REGISTRATION RULES 1021(a) AND 1031(a) - RESPONDENT MEMBER FAILED TO ENSURE THAT CERTAIN PERSONS WHO WERE ACTIVELY ENGAGED IN THE FIRM'S INVESTMENT BANKING OR SECURITIES BUSINESS, OR IN THE MANAGEMENT THEREOF, WERE PROPERLY REGISTERED AS GENERAL SECURITIES REPRESENTATIVES OR GENERAL SECURITIES PRINCIPALS WITH THE NASD; AND, FAILED TO ESTABLISH, MAINTAIN AND ENFORCE WRITTEN SUPERVISORY PROCEDURES THAT WOULD ENSURE THE PROPER REGISTRATION OF PERSONS EITHER ACTIVELY ENGAGED IN THE FIRM'S INVESTMENT BANKING OR SECURITIES BUSINESS, OR IN THE MANAGEMENT THEREOF). *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASD REGULATION INC. Date initiated: 02/04/1999 Docket/ Case Number: CO5990005 Allegations: NASDR ALLEGED THAT PAINEWEBBER FAILED TO ENSURE THAT CERTAIN PERSONS WERE PROPERLY REGISTERED AS GENERAL SECURITIES NASD BrokerCheck October 14, 2005 Page 149 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) REPRESENTATIVES OR GENERAL SECURITIES PRINCIPALS WITH THE ASSOCIATION. Current Status: Final Resolution: Consent Resolution Date: 02/04/1999 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $50,000.00 Resolution Details: PAINEWEBBER AGREED TO A CENSURE, A $50,000 FINE AND INTERNAL REVIEW OF ITS SUPERVISORY PROCUDURES RELATING TO THE REGISTRATION OF PERSONNEL. Summary: ALTHOUGH THE SUBJECT MATTER OF THIS ACTION INVOLVED THE REGISTRATION STATUS OF ONLY SEVEN OF PAINEWEBBER'S MORE THAN 10,000 REGISTERED EMPLOYEES, SUBSEQUENTLY PAINEWEBBER'S REGISTRATION DEPARTMENT HAS IMPLEMENTED A SERIES OF CHANGES (INCLUDING STAFFING CHANGES, IMPROVED INTERACTION WITH BUSINESS UNITS, SYSTEMS CHANGES AND ENHANCED REVIEW OF PRE-EXISTING DOCUMENTATION TO STRENGTHEN IT REGISTRATIONS FUNCTIONS. ****** REGULATORY ACTION (206 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 12/04/1998 Initiated By: NYSE DIVISION OF ENFORCEMENT. NYSE DIVISION OF ENFORCEMENT. Date initiated: 08/19/1998 Docket/ Case Number: HPD 98-112 Allegations: **8/19/1998** STIPULATION AND CONSENT TO PENALTY FILED BY NYSE DIVISION OF ENFORCEMENT AND PENDING. CONSENTED TO FINDINGS: WITHOUT ADMITTING OR DENYING GUILT: A. PAINEWEBBER CONSENTS TO 1. FINDINGS BY THE HEARING PANEL THAT IT: (1) VIOLATED EXCHANGE RULE 345.17 BY FAILING TO FILE, AND/OR FAILING TO PROMPTLY FILE, FORMS U-5 AND AMENDMENTS TO FORMS U-5 WITH EXCHANGE; (2) VIOLATED EXCHANGE RULE 351(a) BY FAILING TO REPORT, AND/OR FAILING TO PROMPTLY REPORT REPORTABLE MATTERS TO THE EXCHANGE; AND (3) VIOLATED EXCHANGE RULE 351(d) BY FAILING TO REPORT, AND/OR FAILING TO PROMPTLY REPORT, INFORMATION REGARDING CUSTOMER COMPLAINTS TO THE EXCHANGE; AND B. THE IMPOSITION BY THE EXCHANGE OF THE PENALTY OF A CENSURE, A FINE OF $125,000 AND A REQUIREMENT THAT THE FIRM COMPLY WITH THE FOLLOWING UNDERTAKING: (1) THE FIRM WILL CAUSE ITS GENERAL COUNSEL TO PERFORM A REVIEW TO IDENTIFY THE SYSTEMS AND PROCEDURES THE FIRM HAS IN PLACE OR HAS ADOPTED WHICH ARE REASONABLY DESIGNED TO ENSURE COMPLIANCE WITH APPLICABLE EXCHANGE RULES AND FEDERAL SECURITIES LAWS AND PREVENT RECURRENCE OF THE FOREGOING VIOLATIONS, TO EVALUATE WHETHER FURTHER IMPROVEMENTS TO SUCH SYSTEMS AND PROCEDURES ARE APPROPRIATE, TO MAKE ANY APPROPRIATE RECOMMENDATIONS AND TO PREPARE A REPORT. (2) THE REPORT SHALL BE SUBMITTED TO AND REVIEWED BY THE FIRM'S BOARD OF DIRECTORS, AND THE FIRM SHALL ADOPT AND IMPLEMENT ANY RECOMMENDATIONS RESULTING FROM THE GENERAL COUNSEL'S REVIEW THAT THE FIRM'S BOARD OF DIRECTORS DEEMS APPROPRIATE. THE FIRM SHALL SUBMIT TO THE EXCHANGE A COPY OF THE REPORT, A LIST OF THE RECOMMENDATIONS THAT THE FIRM'S BOARD OF DIRECTORS HAS DEEMED APPROPRIATE, AND A WRITTEN REPRESENTATION TO THE EXCHANGE THAT ALL SUCH RECOMMENDATIONS HAVE BEEN ADO0PTED AND IMPLEMENTED, WITHIN THREE MONTHS FROM THE DATE THE HEARING PANELL DECISION IN THIS MATTER BECOMES FINAL. Current Status: Final Resolution: Stipulation and Consent Resolution Date: 12/04/1998 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $125,000.00 Resolution NASD BrokerCheck October 14, 2005 Page 150 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Details: **10/14/1998**DECISION: VIOLATED RULE 345.17 CONCERNING THE FILINGS ON FORMS U-5 AND AMENDMENTS; VIOLATED RULE 351(a) BY FAILING TO REPORT OR FAILING TO PROMPTLY REPORT MATTERS TO THE EXCHANGE; AND VIOLATED RULE 351(d) CONCERNING THE REPORTING OF CUSTOMER COMPLIANTS TO THE EXCHANGE. THE HEARING PANEL IMPOSED THE STIPULATED SANCTION OF A CENSURE AND A $125,000 FINE AND A REQUIREMENT THAT THE FIRM COMPLY WITH THE FOLLOWING UNDERTAKING: (1) THE FIRM WILL CAUSE ITS GENERAL COUNSEL TO PERFORM A REVIEW TO IDENTIFY THE SYSTEMS AND PROCEDURES THE FIRM HAS IN PLACE OR HAS ADOPTED WHICH ARE REASONABLY DESIGNED TO ENSURE COMPLIANCE WITH APPLICABLE EXCHANGE RULES AND FEDERAL SECURITIES LAWS AND PREVENT RECURRENCE OF THE FOREGOING VIOLATIONS, TO EVALUATE WHETHER FURTHER IMPROVEMENTS TO SUCH SYSTEMS AND PROCEDURES ARE APPROPRIATE, TO MAKE ANY APPROPRIATE RECOMMENDATIONS, AND TO PREPARE A REPORT. (2) THE REPORT SHALL BE SUBMITTED TO AND REVIEWED BY THE FIRM'S BOARD OF DIRECTORS, AND THE FIRM SHALL ADOPT AMD IMPLEMENT ANY RECOMMENDATIONS RESULTING FROM THE GENERAL COUNSEL'S REVIEW THAT THE FIRM'S BOARD OF DIRECTORS DEEMS APPROPRIATE. THE FIRM SHALL SUBMIT TO THE EXCHANGE A COPY OF THE REPORT, A LIST OF THE RECOMMENDATIONS THAT THE FIRM'S BOARD OF DIRECTORS HAS DEEMED APPROPRIATE, AND A WRITTEN REPRESENTATION TO THE EXCHANGE THAT ALL SUCH RECOMMENDATIONS HAVE BEEN ADOPTED AND IMPLEMENTED, WITHIN THREE MONTHS FROM THE DATE THE HEARING PANEL DECISION IN THIS MATTER BECOMES FINAL. Summary: CONTACT: PEGGY GERMINO 212 656-8450. U-6 ELECTRONICALLY ENTERED BY NYSE6; TRANS #400004-31398 **10/14/1998**UNLESS A REVIEW BY THE NYSE BOARD OF DIRECTORS IS REQUESTED, THIS DECISION WILL BECOME FINAL 25 CALENDAR DAYS AFTER NOTICE OF THE HEARING PANEL'S DETERMINATION HAS BEEN SERVED UPON THE RESONDENT. CONTACT: PEGGY GERMINO 212 656-8450. U-6 ELECTRONICALLY ENTERED BY NYSE6; TRANS #400002-34198 **12/4/1998**THE DECISION IS NOW FINAL AND IS EFFECTIVE IMMEDIATELY. CONTACT: PEGGY GERMINO 212 656-8450. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NEW YORK STOCK EXCHANGE Date initiated: 10/14/1998 Docket/ Case Number: EXCHANGE HEARING PANEL DECISION 98-112 Allegations: WITHOUT ADMITTING OR DENYING, THE FIRM AGREED TO AN ADMINISTRATIVE ORDER IMPOSING A CENSURE AND FINE OF $125,000.00 FOR CERTAIN ALLEGED LATE OR ERRONEOUS FILINGS OF FORMS U-4, U-5 AND RE-3 Current Status: Final Resolution: Order Resolution Date: 11/23/1998 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $125,000.00 Resolution Details: WITHOUT ADMITTING OR DENYING, THE FIRM AGREED TO AN ADMINISTRATIVE ORDER IMPOSING A CENSURE AND FINE OF $125,000.00 FOR CERTAIN ALLEGED LATE OR ERRONEOUS FILINGS OF FORMS U-4, U-5 AND RE-3 Summary: ON NOVEMBER 23, 1998, THE NEW YORK STOCK EXCHANGE MADE FINAL A DECISION TO CENSURE AND FINE THE FIRM FOR HAVING FILING MISTAKES THAT WERE LATE OR CONTAINED AN ERROR. MOST OF THE ERRORS RELATED TO CLERICAL DATA-ENTRY MISTAKES. THE NEW YORK STOCK EXCHANGE DID NOT LOSE ANY JURISDICTION AS A RESULT OF THE FILINGS AT ISSUE. ****** REGULATORY ACTION (207 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 08/07/1998 Initiated By: CBOE NASD BrokerCheck October 14, 2005 Page 151 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date initiated: 08/07/1998 Docket/ Case Number: 98-0005 Allegations: SEE SUMMARY Current Status: Final Resolution: Decision Resolution Date: 08/07/1998 Sanctions Ordered: Monetary/Fine Monetary Amount: $3,565.00 Resolution Details: PAINEWEBBER INCORPORATED, AN EXCHANGE MEMBER ORGANIZATION, WAS FINED $3,565 FOR THE CONDUCT DESCRIBED BELOW. Summary: PAINEWEBBER INCORPORATED, AN EXCHANGE MEMBER ORGANIZATION, WAS FINED $3,565 FOR THE FOLLOWING CONDUCT. ON FEBRUARY 18, 1997, PAINEWEBBER SUBMITTED AN ADVICE TO THE EXCHANGE INDICATING ITS INTENT TO EXERCISE 95 OEX FEB 695 CALL OPTION CONTRACTS AND 8 OEX FEB 705 CALL OPTION CONTRACTS ON BEHALF OF ITS PROPRIETARY ACCOUNT. SUBSEQUENTLY, PAINEWEBBER FAILED TO EXERCISE ANY OF THE CONTRACTS IT ADVISED, WITHOUT SUBMITTING AN "ADVICE CANCEL" TO THE EXCHANGE. ON MAY 15, 1997, AT 3:42:22 P.M. (CT), AFTER THE 3:20 P.M. CUTOFF TIME, PAINEWEBBER SUBMITTED AN ADVICE TO THE EXCHANGE VIA C/MACS * INDICATING THE INTENT TO EXERCISE 10 OEX MAY 800 CALL OPTION CONTRACTS ON BEHALF OF ITS CUSTOMER ACCOUNT. (CBOE RULE 11.1.) * CLEARING MANAGEMENT AND CONTROL SYSTEM *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: CHICAGO BOARD OF OPTIONS EXCHANGE (CBOE) Date initiated: 03/27/1998 Docket/ Case Number: 98-005 Allegations: ON 2/18/97, PWI DID NOT EXERCISE CERTAIN OEX CALL OPTIONS AFTER SUBMITTING "ADVICE" FORMS TO THE CBOE INDICATING THE INTENT TO EXERCISE THEM. ON MAY 5, 1997, PWI SUBMITTED AN "ADVICE" FORM AFTER THE 3:20 PM CUT OFF TIME, THE CBOE FOUND THESE INSTANCES TO VIOLATE CBOE RULE 1101 Current Status: Final Resolution: Other Resolution Date: 08/06/1998 Sanctions Ordered: Monetary/Fine Monetary Amount: $3,565.00 Resolution Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, PAINEWEBBER AGREED TO PAY A FINE OF $3,565.00 Summary: ON 2/18/97, PWI DID NOT EXCERCISE OEX CALL OPTIONS AFTER SUBMITTING "ADVICE" FORMS TO THE COBE INDICATING THE INTENT TO EXERCISE THEM. ON MAY 5, 1997, PWI SUBMITTED AN "ADVICE" FORM AFTER THE 3:20 PM CUT OFF TIME, THE CBOE FOUND THESE INSTANCES TO VIOLATE CBOE RULE 1101 ****** REGULATORY ACTION (208 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 11/24/1997 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 11/24/1997 NASD BrokerCheck October 14, 2005 Page 152 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Docket/ Case Number: CMS970056 AWC Allegations: Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 11/24/1997 Sanctions Ordered: Monetary/Fine Monetary Amount: $2,000.00 Resolution Details: Summary: LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO CMS970056 AWC. ON NOVEMBER 24, 1997, PAINEWEBBER INCORPORATED (PWJC) WAS NOTIFIED THAT THE LETTER OF ACCEPTANCE, WAIVER AND CONSENT (AWC) IT SUBMITTED WAS ACCEPTED BY THE NASD REGULATION INC.'S DEPARTMENT OF ENFORCEMENT AND THE NATIONAL BUSINESS CONDUCT COMMITTEE. THE AWC ALLEGES THAT THE FOLLOWING VIOLATIONS OCCURRED: PWJC FAILED TO CONTEMPORANEOUSLY EXECUTE ONE AND PARTIALLY EXECUTE TWO CUSTOMER LIMIT ORDERS. THIS CONSTITUTES A VIOLATION OF NASD CONDUCT RULE 2110 AND IM-2110-2. PWJC FAILED TO SHOW EXECUTION TIME ON THE MEMORANDA OF THREE BROKERAGE ORDERS. THIS CONSTITUTES SEPARATE AND DISTINCT VIOLATIONS OF SEC RULE 17a-3(a) AND NASD CONDUCT RULE 3110. PWJC WAS FINED $2,000. ******* $2,000 PAID ON 12/16/97, INVOICE NO. 98-MS-36 **** *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASD REGULATION, INC Date initiated: 11/21/1997 Docket/ Case Number: CMS970056AWC Allegations: THE FIRM CONSENTED TO A $1,000 FINE FOR ALLEGED VIOLATIONS OF THE LIMIT ORDER HANDLING RULES (NASD CONDUCT RULE 2110), AND TO A $1,000 FINE FOR FAILING TO TIME STAMP THREE (3) ORDER TICKETS IN ALLEGED VIOLATIONS OF SECURITIES EXCHANGE ACT RULE 17A-3)A)(6) AND NASD CONDUCT RULE 3110" Current Status: Final Resolution: Consent Resolution Date: 11/21/1997 Sanctions Ordered: Monetary/Fine Monetary Amount: $2,000.00 Resolution Details: THE FIRM CONSENTED TO A $1,000 FINE FOR ALLEGED VIOLATIONS OF THE LIMIT ORDER HANDLING RULES (NASD CONDUCT RULE 2110), AND TO A $1,000 FINE FOR FAILING TO TIME STAMP THREE (3) ORDER TICKETS IN ALLEGED VIOLATION OF SECURITIES EXCHANGE ACT RULE 17A-3(A)(6) AND NASD CONDUCT RULE 3110". Summary: ****** REGULATORY ACTION (209 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 12/15/1997 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 12/15/1997 Docket/ NASD BrokerCheck October 14, 2005 Page 153 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Case Number: C10970181 Allegations: Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 12/15/1997 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $25,000.00 Resolution Details: Summary: ON DECEMBER 15, 1997, DISTRICT NO. 10 NOTIFIED RESPONDENT PAINEWEBBER INCORPORATED THAT THE LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. C10970181 WAS ACCEPTED; THEREFORE, THE FIRM IS CENSURED AND FINED $25,000 - (MSRB RULE G-36 - RESPONDENT MEMBER SERVED AS SOLE OR MANAGING UNDERWRITER IN PRIMARY OFFERINGS OF MUNCIPAL SECURITIES AND FAILED TO TIMELY SUBMIT OFFICIAL STATEMENTS AND/OR OTHER DOCUMENTS TO THE MSRB AS REQUIRED; AND FAILED TO MAINTAIN RECORDS AS REQUIRED BY MSRB RULE G-8(a)(xv). **** $25,000 PAID ON 1/26/98, INVOICE NO. 98-10-23 **** *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASDR REGULATION, INC Date initiated: 12/15/1997 Docket/ Case Number: C10970181 Allegations: BETWEEN SEPTEMBER 1995 AND SEPTEMBER 1996, PAINEWEBER INCORPORATED ALLEGEDLY FAILED ON NUMEROUS OCCASIONS TO SUBMIT OFFICIAL STATEMENTS AND/OR OTHER DOCUMENTS TO THE MSRB WITHIN THE TIME LIMITS PRESCRIBED UNDER MSRB RULE G-36 AND ALLEGEDLY FAILED TO MAINTAIN CERTAIN REQUIRED BY MSRB RULE G-8(A)(XV)" Current Status: Final Resolution: Consent Resolution Date: 12/15/1997 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $25,000.00 Resolution Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, PAINEWEBBER INCORPORATED CONSENTED IMPOSITION OF A CENSURE AND A $25,000 FINE FOR THE ALLEGED VIOLATIONS DESCRIBED ABOVE. Summary: BEFORE THESE PROCEEDINGS WERE INSTITUTED, PAINEWEBBER HAD ALREADY TAKEN STEPS TO IMPLEMENT NEW POLICIES AND PROCEDURES DESIGNED TO IMPROVE THE FIRM'S COMPLIANCE WITH THESE FILING AND RECORDKEEPING REQUIREMENTS. ****** REGULATORY ACTION (210 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 06/11/1996 Initiated By: SD Date initiated: 06/11/1996 Docket/ Case Number: Allegations: THAT PAINEWEBBER ENTERED INTO A CONSENT ORDER WITH THE DIVISION IN ORDER TO RESOLVE ALLEGATIONS THAT PAINEWEBBER VIOLATED NASD BrokerCheck October 14, 2005 Page 154 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) CERTAIN ANTI-FRAUD PROVISIONS IN CONNECTION WITH THE MARKETING AND SALE OF FOUR DIRECT INVESTMENT PROGRAMS, GEODYNE OIL AND GAS, PAINEWEBBER INSURED MORTGAGE PARTNERS, PAINEWEBBER INDEPENDENT LIVING MORTGAGE PARTNERS AND PEGASUS AIRCRAFT PARTNERS. Current Status: Final Resolution: Consent Resolution Date: 06/11/1996 Sanctions Ordered: Monetary/Fine Monetary Amount: $30,456.00 Resolution Details: THAT PAINEWEBBER WAS FINED $30,456. THE FINE WAS PAID. Summary: Not Provided *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE STATE OF SOUTH DAKOTA, DIVISION OF SECURITIES Date initiated: 06/11/1996 Docket/ Case Number: UNKNOWN Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 06/18/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $30,456.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $30,456.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH SOUTH DAKOTA PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (211 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 06/10/1997 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 06/10/1997 Docket/ Case Number: CMS950077(A) AWC Allegations: Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) NASD BrokerCheck October 14, 2005 Page 155 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution Date: 06/10/1997 Sanctions Ordered: Monetary/Fine Monetary Amount: $1,000.00 Resolution Details: Summary: LETTER OF ACCEPTANCE, WAIVER & CONSENT NO. CMS950077(A) AWC. ON JUNE 10, 1997, PAINEWEBBER INCORPORATED (PWJC) WAS NOTIFIED THAT THE LETTER OF ACCEPTANCE, WAIVER AND CONSENT (AWC) IT SUBMITTED WAS ACCEPTED BY THE MARKET REGULATION AND THE NATIONAL BUSINESS CONDUCT COMMITTEES. THE AWC ALLEGES THAT PWJC VIOLATED SEC RULE 10b-6A WHEN PWJC, A PASSIVE MARKET MAKER IN THE COMMON STOCK OF ARCH COMMUNICATIONS ("APGR"), ENTERED A BID WHICH WAS ABOVE THE HIGHEST INDEPENDENT MARKET MAKER BID FOR THE SECURITY. PWJC WAS FINED $1,000. **$1,000.00 PAID ON 8/4/97, INVOICE #97-MS-537** *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 12/10/2001 Initiated By: NASD REGULATION INC. Date initiated: 01/31/1995 Docket/ Case Number: CMS950077 (A) Allegations: NASD REGULATION ALLEGED THAT PAINEWEBBER VIOLATED THE PASSIVE MARKET-MAKING RULE BY ENTERING A BID IN ARCH COMMUNICATION THAT WAS THE HIGHEST INDEPENDENT BID. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 07/29/1997 Sanctions Ordered: Monetary/Fine Monetary Amount: $1,000.00 Resolution Details: PAINEWEBBER SIGNED THE LETTER OF ACCEPTANCE, WAIVER AND CONSENT AND AGREED TO PAY A FINE OF $1000.00 TO THE NASD. Summary: ****** REGULATORY ACTION (212 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 03/20/1990 Initiated By: MASSACHUSETTS SECURITIES DIVISION Date initiated: 03/20/1990 Docket/ Case Number: E-89-199 Allegations: Not Provided Current Status: Final Resolution: Order Resolution Date: 03/20/1990 Sanctions Ordered: Monetary/Fine Monetary Amount: $1,000.00 Resolution Details: ON MARCH 20, 1990, THE MASSACHUSETTS SECURITIES DIVISION ENTERED AN ORDER INSTITUTING PROCEEDINGS, MAKING FINDINGS AND NASD BrokerCheck October 14, 2005 Page 156 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) IMPOSING SANCTIONS RELATIVE TO PAINEWEBBER, INC. AND JOSEPH BONURA. THE ORDER FOUND THAT PAINEWEBBER FAILED REASONABLY TO SUPERVISE MR. BONURA AND THAT BONURA HAD MADE A WILLFUL MISREPRESENTATION TO A PROSPECTIVE CUSTOMER. PAINEWEBBER WAS ORDERED TO ADOPT NEW SUPERVISORY PROCEDURES, TO SPECIALLY SUPERVISE BONURA FOR ONE YEAR, AND TO PAY A FINE OF $1000. BONURA WAS REPRIMANDED, FINED $500, AND ORDERED TO COMPLY WITH THE MASSACHUSETTS UNIFORM SECURITIES ACT AND REGULATIONS AND TO CERTIFY THAT HE HAS RECEIVED ENHANCED TRAINING FROM PAINEWEBBER. Summary: CONTACT: GEORGE MALLEY 617-727-3548 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: COMMONWEALTH OF MASSACHUSETTS, SECURITIES DIV. Date initiated: 03/20/1990 Docket/ Case Number: E-89-199 Allegations: THE ORDER ALLEGED THAT PAINEWEBBER FAILED TO REASONABLY SUPERVISE REGISTERED RESPRESENTATIVE, JOSEPH BONURA; FURTHER THAT MR. BONURA HAD MADE A MISREPRESENTATION TO A PROSPECTIVE CLIENT. Current Status: Final Resolution: Order Resolution Date: 03/20/1990 Sanctions Ordered: Monetary/Fine Monetary Amount: $1,000.00 Resolution Details: THE MASSACHUSETTS SECURITIES DIVISION ENTERED AN ORDER INSTITUTION PROCEEDING, MAKING FINDINGS, AND IMPOSING SANCTIONS RELATIVE TO PAINEWEBBER AND REGISTERED REPRESENTATIVE, JOSEPH BONURA. THE ORDER FOUND THAT PAINEWEBBER FAILED TO REASONABLY SUPERVISE MR. BONURA AND THAT MR. BONURA HAD MADE A WILLFUL MISREPRESENTATION TO A PROSPECTIVE CUSTOMER. PAINEWEBBER WAS ORDERED TO ADOPT CERTAIN NEW SUPERVISORY PROCEDURES, TO SPECIALLY SUPERVISE MR. BONURA FOR ONE YEAR, AND TO PAY A FINE OF $1,000. MR BONURA WAS ALSO SANCTIONED. MR. BONURA TERMINATED EMPLOYMENT WITH PAINEWEBBER ON AUGUST 13,1990 Summary: ****** REGULATORY ACTION (213 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 12/15/1994 Initiated By: STATE OF MICHIGAN; CORPORATION AND SECURITIES BUREAU. DLB/LE Date initiated: 12/14/1994 Docket/ Case Number: BD 4001 Allegations: Not Provided Current Status: Final Resolution: Consent Resolution Date: 12/14/1994 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $1,000.00 Resolution Details: A CONSENT ORDER TO CENSURE, TO IMPOSE A CIVIL PENALTY OF $1,000 NASD BrokerCheck October 14, 2005 Page 157 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) AND TO DISMISS THE ORDER TO SHOW CAUSE WAS ISSUED BY THE BUREAU. IN THE ORDER, PAINEWEBBER AGREED TO CONTINUE DEVELOPMENT OF AN AUTOMATED ORDER ENTRY SYSTEM THAT WOULD BLOCK TRANSACTIONS IN THE STATES WHERE THE AGENT IS NOT REGISTERED IN THE CLIENTS STATE OF RESIDENCE AND WILL ALSO WITHHOLD COMMISSIONS GENERATED FOR THESE TRANSACTIONS. THE BROKER-DEALER ADMITTED THE FACTS, BUT NEITHER ADMITTED NOR DENIED THE FACTS CONSTITUTED VIOLATIONS OF THE ACT. Summary: SEE ABOVE CONTACT: DEBORAH BROWN (517) 334-6215 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: STATE OF MICHIGAN DEPT OF COMMERCE, CORPORATIONS AND SECURITIES. Date initiated: 12/14/1994 Docket/ Case Number: BD 4001 Allegations: ALLEGED THAT THE FIRM EMPLOYED AN UNREGISTERED AGENT IN MICHIGAN AND FAILED TO REASONABLE SUPERVISE THE AGENT SO AS TO PREVENT HIM FROM TRANSACTING BUSINESS IN MICHIGAN WHILE UNREGISTERED. Current Status: Final Resolution: Consent Resolution Date: 12/14/1994 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $1,000.00 Resolution Details: PAINE WEBBER WAS CENSURED AND PAID $1,000 IN ADMINISTRATIVE COSTS. Summary: PAINEWEBBER CONSENTED WITHOUT ADMITTING OR DENYING THE ALLEGATIONS PAINEWEBBER AGREED TO CONTINUE DEVELOPMENT OF THE AUTOMATED ORDER ENTRY SYSTEM, TO BLOCK TRANSACTIONS IN STATES WHERE THE AGENT IS NOT REGISTERED IN THE CLIENTS STATE OF RESIDENCE OR TO STATES THAT THE SYSTEMS CANNOT VERIFY THE AGENTS REGISTRATION, AND UNTIL THE AUTOMATED ORDER ENTRY SYSTEM IS FULLY OPERATIONAL TO WITHHOLD FROM AGENTS AND THEIR BRANCH MANAGERS COMMISSIONS GENERATED FROM TRANSACTIONS WITH CLIENTS LIVING IN MICHIGAN IF THE AGENT IS NOT REGISTERED IN MICHIGAN. IN ADDITION, PAINEWEBBER AGREED TO PROVIDE BY JULY 31. 1995. A WRITTEN REPORT TO THE MICHIGAN DEPARTMENT OF COMMERCE, CORPORATIONS AND SECURITIES BUREAU ON THE STATUS OF THE AUTOMATED ODER ENTRY SYSTEM. ****** REGULATORY ACTION (214 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 05/18/1992 Initiated By: INDIANA SECURITIES DIVISION Date initiated: 05/18/1992 Docket/ Case Number: 92-0074 CA Allegations: MISREPESENTATIONS, UNSUITABILITY AND UNAUTHORIZED TRADING BY PAUL E. BRADY, III CRD# 1548539 Current Status: Final Resolution: Consent Resolution Date: 05/18/1992 Sanctions Ordered: Disgorgement/Restitution Resolution NASD BrokerCheck October 14, 2005 Page 158 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Details: CONSENT AGREEMENT BETWEEN PAINEWEBBER, PAUL BRADY AND THE INDIANA SECURITIES DIVISION Summary: AN INDIANA RESIDENT COMPLAINED TO THE DIVISION ABOUT THE HANDLING OF HIS ACCOUNT. THE RESIDENT ALLEGED MISREPRESENTATIONS, UNSUITABILITY AND UNAUTHORIZED TRADING BY PAINEWEBBER ACCOUNT EXECUTIVE PAUL EUGENE BRADY, III. PURSUANT TO A CONSENT AGREEMENT ENTERED ON MAY 18, 1992, THE COMPLAINT WAS RESOLVED. WITHOUT ADMITTING VIOLATIONS OR LIABILITY, PAINEWEBBER AGREED TO REFUND TO COMPLAINANT THE AMOUNT OF $11,425.51 AND MR. BRADY AGREED TO A FINE/CIVIL PENALTY IN THE AMOUNT OF $3,900.00. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: STATE OF INDIANA, SECURITIES DIVISION Date initiated: 04/01/1992 Docket/ Case Number: UNKNOWN Allegations: A CUSTOMER COMPLAINT HAD ORIGINALLY SPURRED AN INVESTIGATION BY THE DEPARTMENT INTO VIOLATIONS BY PAINEWEBBER AND ONE OF ITS REGISTERED REPRESENTATIVES, PAUL E. BRADY III. Current Status: Final Resolution: Consent Resolution Date: 04/01/1992 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution Monetary Amount: $15,328.51 Resolution Details: PAINEWEBBER, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, CONSENTED TO MAKE RESTITUTION TO A CLIENT OF PAINEWEBBER/BRADY IN THE AMOUNT OF $11,428.51. IN ADDITION, BRADY WITHOUT ADMITTING OR DENYING THE VARIOUS ALLEGED VIOLATIONS, CONSENTED TO THE IMPOSITION OF A PENALTY IN THE AMOUNT OF $3,900 BY THE DIVISION. Summary: ****** REGULATORY ACTION (215 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 08/01/1979 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 12/29/1977 Docket/ Case Number: CA-694 Allegations: Current Status: Final Resolution: Decision Resolution Date: 08/01/1979 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $500.00 Resolution Details: Summary: COMPLAINT #CA-694 FILED 12-29-77 DISTRICT 2N 10-31-78: CENSURED; FINED $500 ASSESSED COSTS OF $522.10 J & S 12-15-78: TO BE FINAL 11-9-78: APPEALED TO THE B/G 11-14-78: B/G REVIEW 7-2-79: B/G DECISION RENDERED; CENSURED; FINED $500; ASSESSED COSTS OF $522.10 J & S 8-1-79: TO BE FINAL 8-1-79: NASD BrokerCheck October 14, 2005 Page 159 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) FINAL *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 02/26/2003 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 12/19/1977 Docket/ Case Number: CA-694 Allegations: DUE TO THE AGE OF THE ITEM, THE ALLEGATIONS ARE UNAVAILABLE. Current Status: Final Resolution: Decision Resolution Date: 08/01/1979 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $500.00 Resolution Details: DUE TO THE AGE OF THE ITEM, ADDITIONAL SANCTION DETAIL IS UNAVAILABLE. Summary: ****** REGULATORY ACTION (216 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 04/13/1972 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 04/13/1972 Docket/ Case Number: C-150 Allegations: Current Status: Final Resolution: Decision Resolution Date: 04/13/1972 Sanctions Ordered: Monetary/Fine Resolution Details: Summary: COMPLAINT C-150 FILED 4-13-72 AGAINST COLUMBUS OHIO OFFICE FINE PAID 4-26-72 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 02/26/2003 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 04/13/1972 Docket/ Case Number: C-150 Allegations: DUE TO THE AGE OF THE ITEM, THE EXACT DETAILS ARE UNAVAILABLE. Current Status: Final Resolution: Decision Resolution Date: 04/13/1972 NASD BrokerCheck October 14, 2005 Page 160 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Sanctions Ordered: Monetary/Fine Monetary Amount: $0.00 Other Sanctions: DUE TO THE AGE OF THE ITEM, THE AMOUNT OF THE MONETARY FINE IS UNAVAILABLE. Resolution Details: DUE TO THE AGE OF THE ITEM, ADDITIONAL SANCTIN DETAIL IS UNAVAILABLE. Summary: ****** REGULATORY ACTION (217 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 05/12/1997 Initiated By: CBOE Date initiated: 10/16/1996 Docket/ Case Number: 96-0047 Allegations: see summary Current Status: Final Resolution: Order Resolution Date: 05/12/1997 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $50,000.00 Resolution Details: PaineWebber was censured and fined $50,000. The Respondent is also hereby ordered to: a) within 60 days of the issuance of the Decision Accepting the Offer of Settlement in this matter ("Decision"), submit to the Exchange's Department of Compliance acceptable written procedures concerning i) the entry and execution of proprietary account orders of PaineWebber's broker-dealer correspondents, and ii) the submission of trade information to the Exchange covering the orders described in i) above; and b) within 6 months following the issuance of the Decision, PaineWebber shall retain a qualified outside consultant (i.e., other than PaineWebber personnel) to conduct a review of: i) the procedures described in Paragraph 3a above, including the effectiveness of the relevant computer system procedures; and ii) PaineWebber's proceudres for correspondent accounts concerning the detection of free riding, and the imposition an denforcement of 90 day restrictions (the"Reveiw") The findings of the Review shall be submitted to the Compliance Committee of PaineWeber's Board of Directors ("Committee") within 30 days of the completion of the Review, and submission thereof shall be confirmed to the Exchange's Department of Compliance. Further, if the Review recommends any revisions or additions to PaineWebber's procedures, PaineWebber shall furnish such recommendations to the Exchange's Department of Compliance. Summary: From approximately January 1992 through June 1996, PaineWebber, through its wholly owned subsidiary, Correspondent Services Corporation (CSC"); 1) accpeted numerous orders for the accounts of certain of its correspondent broker-dealers and allowed, primarily because of a computer system flaw, these broker-dealer orders to be entered and executed on the Exchange through RAES or the Book; 2) failed to desigante, primarily because of a computer system flaw, numerous broker-dealer orders including the orders referred to Paragraph 1 above with the required broker-dealer "b" designations; 3) filed incorrect account origin code information with the Exchange for the orders referred to in Paragraph 2 above, by allowing these orders to be entered with a "c" designation, indicating that the orders were customer orders, when these orders were for the accounts of broker-dealers and should have been entered with the required broker-dealer "b" designation; 4) failed to establish and implement reasonable procedures to review and monitor the NASD BrokerCheck October 14, 2005 Page 161 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) entry and execution of broker-dealer orders, and as a result, failed to prevent the conduct describedin each of Paragraphs 1 through 3 above from occurring. Since that time, PaineWebber has taken steps to correct the computer system flaw at issue so that broker-dealer orders entered by correspondent firms will be properly designated "b" orders and processed in a manner which should enable PaineWebber to better monitor the issues raised in this matter, and PaineWebber also issued additional instructions to all its correspondent firms concerning the proper procedures for entering broker-dealer orders; and 5) failed on numerous occasions to either impose or enfore 90 day restrictions in the ash account carried by CSC for the personal trading account of a certain associated person of Ladenburg Thalman & Co., Inc. an Exchange member organization, ("Associated Person"), thereby allowing Associated Person to*See FAQ #1* *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: CBOE Date initiated: 10/16/1996 Docket/ Case Number: 96-0047 Allegations: COMPUTER ENTRY ERROR CAUSED CERTAIN ORDERS FOR CORRESPONDENTS TO BE IMPROPERLY DESIGNATED AS CUSTOMER ORDERS, ALLOWING THEM TO BE EXECUTED THE RETAIL AUTOMATED EXECUTION SYSTEM ("RAES"). FAILED TO PREVENT ONE CLIENT FROM "FREE-RIDING") Current Status: Final Resolution: Settled Resolution Date: 05/12/1997 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $50,000.00 Resolution Details: PAINEWEBBER, WITHOUT ADMITTING OR DENYING THE ALLEGED VIOLATIONS, CONSENTED TO A FINE OF $50,000, A CENSURE, AND TO PERFORM THE UNDERTAKINGS SET FORTH IN THE QUESTION BELOW. Summary: PWI AGREED: A) TO SUBMIT TO THE CBOE WITHIN 60 DAYS WRITTEN PROCEDURES CONCERNING THE ENTRY AND EXECUTION OF ALL BROKER-DEALER ACCOUNT ORDERS, AND THE SUBMISSION TO THE CBOE OF TRADE INFORMATION COVERING SUCH ORDERS; AND B) TO RETAIN A CONSULTANT TO REVIEW THESE PROCEDURES FOR THE DETECTION OF FREE RIDING, AND PROCEDURES FOR THE ENFORCEMENT OF 90-DAY RESTRICTIONS. THIS REVIEW SHALL BE SUBMITTED TO THE CBOE WITHIN 6 MONTHS. ****** REGULATORY ACTION (218 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 08/21/1996 Initiated By: MN DEPT OF COMMERCE Date initiated: 08/21/1996 Docket/ Case Number: SE9600281 Allegations: MATERIAL MISREPRESENTATIONS AND OMISSIONS OF MATERIAL FACT IN THE MARKETING OF 4 DIRECT INVESTMENT PROGRAMS; UNSUITABLE SALES; FAILURE TO KEEP ADEQUATE BOOKS AND RECORDS; FAILURE TO SUPERVISE AGENTS Current Status: Final Resolution: Consent Resolution Date: 08/21/1996 Sanctions NASD BrokerCheck October 14, 2005 Page 162 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Ordered: Monetary/Fine Monetary Amount: $74,597.00 Resolution Details: CONSENT TO FINE OF $74,597 Summary: CONSENTED TO FINE BASED UPON ABOVE ALLEGATIONS. CONTACT: TERESA FISCHER (612) 296-2296 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE STATE OF MINNESOTA Date initiated: 08/21/1996 Docket/ Case Number: SE9600281 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 08/21/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $74,597.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHUR VIOLATIONS AND TO PAY $74,597.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THE PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WIL ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH MINNESOTA PURSUANT TO THA AGREEMENT ****** REGULATORY ACTION (219 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 07/23/1996 Initiated By: MISSOURI SECRETARY OF STATE/SECURITIES DIVISION Date initiated: 07/23/1996 Docket/ Case Number: AO-96-07 Allegations: PAINEWEBBER VIOLATED FEDERAL ANTIFRAUD PROVISIONS IN THE SALE OF FOUR DIRECT INVESTMENTS, SOLD THESE DIRECT INVESTMENTS TO INVESTORS FOR WHOM SUCH INVESTMENTS WERE UNSUITABLE, AND FAILED TO SUPERVISE CERTAIN SALES AGENTS. Current Status: Final Resolution: Stipulation and Consent Resolution Date: 07/23/1996 Sanctions Ordered: Resolution Details: STIPULATED CONSENT ORDER. NASD BrokerCheck October 14, 2005 Page 163 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Summary: CONTACT: MARY HOSMER, (573)751-4704 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE STATE OF MISSOURI Date initiated: 07/23/1996 Docket/ Case Number: AO-96-07 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 07/23/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $71,058.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $71,058.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES,P.C. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH MISSOURI PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (220 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 04/24/1996 Initiated By: Oregon Securities Date initiated: 04/24/1996 Docket/ Case Number: O-96-0002 Allegations: Current Status: Final Resolution: Consent Resolution Date: 04/24/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $20,000.00 Resolution Details: Summary: *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE STATE OF OREGON NASD BrokerCheck October 14, 2005 Page 164 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date initiated: 04/24/1996 Docket/ Case Number: 0-96-0002 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 04/24/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $225,087.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $225,087.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH OREGON PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (221 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 06/14/1996 Initiated By: FLORIDA DIVISION OF SECURITIES AND INVESTOR PROTECTION Date initiated: 06/14/1996 Docket/ Case Number: 2339-S-6/96 Allegations: THE FLORIDA DEPARTMENT OF BANKING AND FINANCE ALLEGES THAT THE RESPONDENT PAINEWEBBER INCORPORATED VIOLATED CERTAIN PROVISIONS OF THE STATES ANTI-FRAUD SECURITIES LAWS IN CONNECTION WITH THE MARKETING AND SALE OF FOUR DIRECT INVESTMENT PROGRAMS. THE VIOLATIONS INCLUDE, BUT ARE NOT LIMITED TO, MISSTATEMENT AND OMMISSIONS OF MATERIAL FACTS, FAILURE TO SUPERVISE, UNSUITABILITY, AND FAILURE TO KEEP ADEQUATE BOOKS AND RECORDS. Current Status: Final Resolution: Consent Resolution Date: 06/14/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $435,922.00 Resolution Details: ON JUNE 14, 1996, THE FLORIDA DEPARTMENT OF BANKING AND FINANCE ISSUED A CONSENT ORDER REGARDING THE RESPONDENT PAINEWEBBER INCORPORATED. THE RESPONDENT PAINEWEBBER AGREED TO THE TERMS OF THE CONSENT ORDER WITHOUT ADMITTING OR DENYING THE ALLEGED VIOLATIONS. THE TERMS OF THE CONSENT ORDER REQUIRE PAINEWEBBER TO CEASE AND DESIST FROM FUTURE VIOLATIONS OF THE FLORIDA SECURITIES ACT AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $435,922 TO THE STATE OF FLORIDA'S SECURITIES ANTI-FRAUD TRUST FUND. Summary: CONTACT: PLEASE CONTACT: BILL REILLY (904) 488-9805 NASD BrokerCheck October 14, 2005 Page 165 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE STATE OF FLORIDA Date initiated: 06/14/1996 Docket/ Case Number: 2339-S-6/96 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OHTER EMPLOYEES IN THE SALES OF THESE INTEREST Current Status: Final Resolution: Consent Resolution Date: 06/24/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $225,087.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $225,087.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENTS. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTI STATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH THE FLORIDA PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (222 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 07/24/1996 Initiated By: WISCONSIN DEPARTMENT OF FINANCIAL INSTITUTIONS DIVI*See FAQ #1* Date initiated: 07/24/1996 Docket/ Case Number: S-96012(LX) Allegations: MAKING MISSTATEMENTS AND OMISSIONS OF MATERIAL FACTS, MAKING UNSUITABLE RECOMMENDATIONS, FAILING TO KEEP ADEQUATE BOOKS AND RECORDS, AND FAILING TO REASONABLY SUPERVISE ITS AGENTS AND EMPLOYEES. Current Status: Final Resolution: Consent Resolution Date: 07/24/1996 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $48,895.00 Resolution Details: CONSENT ORDER OF CENSURE AND ASSESSMENT ($48,895) Summary: SEE ALLEGATIONS CONTACT: SUE KITTEL MOORE, (608) 266-9886 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: STATE OF WISCONSIN, DIVISION OF SECURITIES NASD BrokerCheck October 14, 2005 Page 166 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date initiated: 08/01/1996 Docket/ Case Number: S-96012(LX) Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-1992 AND FAILED TO REASONABLE SUPERVISE CERTAIN REGISTERED REPRESENTATIVES & OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS. Current Status: Final Resolution: Consent Resolution Date: 08/02/1996 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $48,895.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDINGS THEREIN, TO THE ENTRY OF A CONSENT ORDER OF CENSURE AND ASSESSMENT AND WAS REQUIRED TO PAY $48,895.00 (SEE ITEM 10 BELOW). Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRM'S PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENTS. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTI STATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENTS WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH WISCONSIN PURSUANT TO THAT AGREEMENT. ****** REGULATORY ACTION (223 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 09/20/1996 Initiated By: NYSE DIVISION OF ENFORCEMENT Date initiated: 06/20/1996 Docket/ Case Number: HPD#96-77 Allegations: Not Provided Current Status: Final Resolution: Stipulation and Consent Resolution Date: 09/20/1996 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $30,000.00 Resolution Details: Not Provided Summary: **9/20/96** THE DECISION IS NOW FINAL AND EFFECTIVE IMMEDIATELY. CONTACT: PEGGY L. GERMINO (212) 656-8450 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NEW YORK STOCK EXCHANGE INC. Date initiated: 09/20/1996 Docket/ Case Number: 96-77 NASD BrokerCheck October 14, 2005 Page 167 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Allegations: ALLEGED THAT PWI VIOLATED RULE 346 (F) BY HAVING BEEN ASSOCIATED WITH PERSONS WHO WERE KNOWN, OR IN THE EXERCISE OF REASONABLE CARE SHOULD HAVE BEEN KNOWN, TO BE SUBJECT TO STATUTORY DISQUALIFICATION, WITHOUT OBTAINING THE PERMISSION OF THE EXCHANGE; AND VIOLATION OF EXCHANGE RULE 351(A)(9) BY FAILING TO PROMPTLY REPORT TO THE EXCHANGE THAT IT WAS ASSOCIATED WITH PERSONS WHO WERE STATUTORILY DISQUALIFIED Current Status: Final Resolution: Stipulation and Consent Resolution Date: 09/20/1996 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $30,000.00 Resolution Details: THE NEW YORK STOCK EXCHANGE DIVISION OF ENFORCEMENT FILED A STIPULATION AND CONSENT, WHEREBY PWI CONSENTED, WITHOUT ADMITTING OR DENYING THE FINDINGS THEREIN, TO THE ENTRY A CENSURE AND A FINE IN THE AMOUNT OF $30,000.00. THIS MATTER INVOLVED THE HIRING OF FOUR NON-REGISTERED EMPLOYEES BETWEEN 1992 AND 1995. Summary: ****** REGULATORY ACTION (224 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 07/22/1996 Initiated By: CA Date initiated: 07/22/1996 Docket/ Case Number: Allegations: Not Provided Current Status: Final Resolution: Consent Resolution Date: 07/22/1996 Sanctions Ordered: Censure, Cease and Desist/Injunction Resolution Details: PAINEWEBBER CONSENTED TO THE ENTRY OF A CONSENT ORDER TO CEASE AND DESIST FROM FUTURE VIOLATIONS OF THE SECURITIES LAW, PAY $658,118.00 IN CIVIL PENALTIES AND COSTS, MAKE CERTAIN REPORTS AND BE CENSURED. Summary: CENSURED; DESIST AND REFRAIN ORDER ISSUED; PENALTIES ORDERED CONTACT: PHYLLIS SMITH (213) 736-2288 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: STATE OF CALIFORNIA, DEPARTMENT OF CORPORATIONS Date initiated: 08/01/1996 Docket/ Case Number: 917-5205 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-1992 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVES & OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS. Current Status: Final NASD BrokerCheck October 14, 2005 Page 168 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution: Consent Resolution Date: 08/26/1996 Sanctions Ordered: Monetary/Fine, Censure, Cease and Desist/Injunction Monetary Amount: $658,118.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDINGS THEREIN, TO THE ENTRY OF ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS, A CENSURE AND TO PAY $658,118.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRM'S PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENTS. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTI STATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEEMENTS WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH CALIFORNIA PURSUANT TO THAT AGREEMENT. ****** REGULATORY ACTION (225 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 07/29/2003 Initiated By: *ILLINOIS SECURITIES DEPARTMENT ILLINOIS SECURITIES DEPARTMENT Date initiated: 06/26/1996 Docket/ Case Number: 9600025 Allegations: OFFER AND SALE OF LIMITED PARTNERSHIP SECURITIES BY MEANS OF MISREPRESENTATION AND OMISSIONS. SALE OF LIMITED PARTNERSHIP SECURITIES BY MEANS OF MISREPRESENTATION AND OMISSION. Current Status: Final Resolution: Consent Resolution Date: 06/26/1996 Sanctions Ordered: Monetary/Fine Monetary Amount: $124,512.00 Other Sanctions: CONSENT ORDER OF COMPLIANCE Resolution Details: RESPONDENT PAINE WEBBER INC., OFFERED MISREPRESENTATION OR OMISSIONS OF MATERIAL IN THE OFFER AND SALE OF SECURITIES Summary: NOTICE OF HEARING ISSUED JUNE 26, 1996. HEARING SET SEPTEMBER 18, 1996. NOTICE WAS ISSUED TO DETERMINE WHETHER AN ORDER SHOULD BE ISSUED AGAINST THE RESPONDENT BASED UPON THE SALE OF LIMITED PARTNERSHIPS IN VIOLATION OF THE ILLINOIS SECURITIES LAW CONSENT ORDER OF COMPLIANCE ISSUED JUNE 26, 1996. THE ORDER ADOPTS THE REMEDIAL SANCTIONS PREVIOUSLY CONTACT: 217-785-4947 U-6 ELECTRONICALLY ENTERED BY IL; TRANS #400016-22296 CONTACT: 217-785-4947 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE STATE OF ILLINOIS Date initiated: 06/26/1996 Docket/ Case Number: 9600025 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLE SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS NASD BrokerCheck October 14, 2005 Page 169 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Current Status: Final Resolution: Consent Resolution Date: 06/26/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $124,512.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $124,512.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH ILLINOIS PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (226 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 06/06/1996 Initiated By: Ohio Division of Securities Date initiated: 06/06/1996 Docket/ Case Number: 96-078 Allegations: Ohio has issued a Cease and Desist Order per Consent Agreement against PaineWebber, Inc. of New York, New York for unfair business practices, in violation of Ohio Revised Code section 1707.19 and Ohio Administrative Code Rule 1301:6-3-19(A)(5); 1301:6-3-19(A)(6); 1301:6-3-19(B)(9); and 1301:6-3-15(F). Current Status: Final Resolution: Consent Resolution Date: 06/06/1996 Sanctions Ordered: Cease and Desist/Injunction Resolution Details: Respondents were ordered to Cease and Desist any further violations of the Ohio Securities Act. Summary: On June 6, 1996, the Ohio Division of Securities issued a Cease and Desist Order per Consent Agreement against PaineWebber, Inc. of New York, New York for unfair business practices, in violation of the Ohio Securities Act. CONTACT: ENFORCEMENT SECTION, 614-466-6140 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE STATE OF OHIO, DIVISION OF SECURITIES Date initiated: 06/01/1996 Docket/ Case Number: 96-078 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDINGKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final NASD BrokerCheck October 14, 2005 Page 170 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution: Consent Resolution Date: 06/13/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $183,367.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $183,367.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECS THE SETTLEMENT REACHED WITH OHIO PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (227 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 06/13/1996 Initiated By: CONNECTICUT DEPT. OF BANKING Date initiated: 06/13/1996 Docket/ Case Number: 96-2851-CO Allegations: FIRM ALLEGEDLY VIOLATED THE ANTIFRAUD PROVISIONS OF THE CONNECTICUT UNIFORM SECURITIES ACT IN DISSMINATING MISLEADING MARKETING MATERIALS RELATING TO INVESTMENTS IN PAINEWEBBER/GEODYNE OIL AND GAS PROGRAMS, PAINEWEBBER INSURED MORTGAGE PARTNERS, PAINEWEBBER INDEPENDENT LIVING MORTGAGE PARTNERS AND PEGASUS AIRCRAFT PARTNERS. THE DEPT. ALSO CLAIMED THAT THE FIRM SOLD UNSUITABLE INVESTMENTS; FAILED TO KEEP ADEQUATE BOOKS AND RECORDS IN CONNECTION WITH CERTAIN SECONDARY MARKET TRANSACTIONS; AND FAILED TO REASONABLY SUPERVISE ITS AGENTS. Current Status: Final Resolution: Consent Resolution Date: 06/13/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $96,202.00 Resolution Details: CONSENT ORDER ENTERED 6/13/96 FINING THE FIRM $96,202; ORDERING IT TO CEASE AND DESIST FROM REGULATORY VIOLATIONS; AND REQUIRING THAT IT MAINTAIN SUPERVISORY AND COMPLIANCE PROCEDURES DESIGNED TO PREVENT FUTURE REGULATORY VIOLATIONS. Summary: CONTACT: ERIC WILDER, 860-240-8232. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: STATE OF CONNECTICUT SECURITIES & BUSINESS INVESTMENTS DIVISION Date initiated: 06/01/1996 Docket/ Case Number: 96-2851-CO Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICALBE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLE SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND NASD BrokerCheck October 14, 2005 Page 171 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS. Current Status: Final Resolution: Consent Resolution Date: 06/18/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $96,202.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DISIST FROM FURTHER VIOLATIONS AND TO PAY $96,202.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH CONNECTICUT PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (228 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 06/07/1996 Initiated By: RHODE ISLAND DEPARTMENT OF BUSINESS REGULATION; DIV*See FAQ #1* Date initiated: 06/07/1996 Docket/ Case Number: 96-031 Allegations: PaineWebber violated Section 501 of the Rhode Island Uniform Securities Act of 1990 ("RIUSA") in connection with the marketing and sale of four direct investment programs - PaineWebber/Geodyne oil and gas programs, PaineWebber Insured Mortgage Partners, PaineWebber Independent Living Mortgage Partners, and Pegasus Aircraft Partners. In this regard, certain material misstatements and omissions of material fact were contained in certain marketing materials that were used by some sales agents in the sale of these four programs relating to, among other things, the risks and rewards and rate of return of such investments. PaineWebber violated Section 501 of RIUSA when it sold direct investments, including but not limited to those above, to certain investors for whom such investment was not suitable in light of their individual financial status and investment goals. PaineWebber violated Section 209(d) when it failed to keep adequate books and records as required by RIUSA in connection with certain purchases or sales of direct investments on the secondary market. PaineWebber failed to reasonably supervise certain sales agents and other employees who prepared, offered and sold direct investments, which provides a basis for the revocation, suspensi, or limitation of its broker-dealer registration pursuant to Section 212(a)(11) of RIUSA. Current Status: Final Resolution: Consent Resolution Date: 06/07/1996 Sanctions Ordered: Monetary/Fine Monetary Amount: $34,181.00 Resolution Details: Consent Order entered against PaineWebber; PaineWebber shall pay a civil penalty of $34,181 to the RI Securities Division; PaineWebber shall, in connection with the sale of direct investments, maintain supervisory and compliance procedures reasonably designed to prevent future violations of RIUSA; the Order represents the complete and final resolution of, and discharge with respect to, all claims, demands, actions and causes of action by the Director against PaineWebber and its predecessors, subsidiaries and affiliates for violations NASD BrokerCheck October 14, 2005 Page 172 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) arising as a result of or in connection with any actions or omissions by PaineWebber and/or any of its associated or affiliated persons or entities involving the offer or sale of the direct investment securities listed in Exhibit A and is in lieu of further civil or administrative proceedings. Nothing in this Order shall in any way affect the authority of the Director to institute any action against any ther party, including any individual employee (past or present) of PaineWebber, its predecessors, subsidiaries or affiliates. This Order does not include any releases as to any co-sponsors of PaineWebber in connection with the direct investment securities which are the subject of this Order. This Order does not limit or create any purchaser's private remedies against PaineWebber or others for the direct investment securities, or PaineWebber's defenses thereto. Except as explicitly provided in this Order, nothing herein is intended to or shall be construed to have created, compromised, settled or adjudicated any claims, causes of action, or rights of any person whomsoever, other than as between the Director and PaineWebber in accordance with this Order. Any violations of the related SEC Consent Order shall be deemed violations of this Order. This Order constitutes and includes a waiver based on a finding of good cause by the Director of any and all limitations and disqualifications that may ensu*See FAQ #1* Summary: CONTACT: MARIA PICCIRILLI, 401-277-3048. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE STATE OF RHODE ISLAND, DIVISION OF SECURITIES Date initiated: 06/01/1996 Docket/ Case Number: 96-031 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 06/07/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $34,181.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $34,181.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTI STATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH RHODE ISLAND PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (229 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 05/09/1996 Initiated By: PENNSYLVANIA SECURITIES COMMISSION Date initiated: 05/09/1996 Docket/ Case Number: 9601-03LC NASD BrokerCheck October 14, 2005 Page 173 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Allegations: VIOLATIONS OF SECTIONS 304(a), 305(a)(vii) AND 401 OF THE PENNSYLVANIA SECURITIES ACT. Current Status: Final Resolution: Order Resolution Date: 05/09/1996 Sanctions Ordered: Cease and Desist/Injunction Resolution Details: FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER ISSUED TO PAINEWEBBER, INCORPORATED IN WHICH THEY HAVE BEEN ORDERED TO CEASE AND DESIST FROM FUTURE VIOLATIONS OF THE PENNSYLVANIA SECURITIES ACT, PAY AN ADMINISTRATIVE ASSESSMENT AND INVESTIGATION COSTS, THEY AGREED TO APPOINT AN INDEPENDENT CONSULTANT TO REVIEW ITS SALES PRACTICES, ESTABLISH PROCEDURES AND SYSTEMS TO ENHANCE COMPLIANCE WITH LAWS, ESTABLISH A $40 MILLION CLAIMS ADMINISTRATION PROCESS AND RESOLVE ADDITIONAL INVESTOR CLAIMS IN THE AMOUNT TO $292.5 MILLION. Summary: PAINEWEBBER INCORPORATED'S VIOLATIONS OF THE PENNSYLVANIA SECURITIES ACT CONCERNED OMISSIONS AND MISREPRESENTATIONS MADE TO CUSTOMERS IN SALES OF CERTAIN LIMITED PARTNERSHIP INTERESTS DURING 1986 - 1992. CONTACT: TERRY A. LUPIA (717) 783-5177 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE PENNSYLVANIA SECURITIES COMMISSION Date initiated: 05/09/1996 Docket/ Case Number: 9601-03LC Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLY SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 05/13/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $94,526.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $94,526.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATEDTHAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH PENNSYLVANIA PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (230 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 07/07/1999 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 11/15/1995 Docket/ Case Number: CMS950016 AND CMS950051 NASD BrokerCheck October 14, 2005 Page 174 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Allegations: VIOLATIONS OF RULE 11AC1-1(C) OF THE SECURITIES EXCHANGE ACT OF 1934 (SEC RULE), PART V, SECTION 2(B) OF SCHEDULE D TO NASD'S BY-LAWS AND ARTICLE III, SECTIONS 1 AND 6 OF NASD'S RULES OF FAIR PRACTICE (RFP) IN THAT RESPONDENT MEMBER FAILED TO EXECUTE A TRANSACTION, A NORMAL UNIT OF TRADING AT THE QUOTATIONS AND UP TO THE QUOTATION SIZE IT CAUSED TO BE DISPLAYED ON THE NASDAQ SYSTEM (SELECTNET BACKING AWAY) AS NOTED IN CAUSES ONE, TWO AND THREE OF THE COMPLAINT. AN AMENDED COMPLAINT WAS FILED ON APRIL 30, 1996 TO INCLUDE ANOTHER VIOLATION OF THE ABOVE-MENTIONED RULES BY RESPONDENT MEMBER, AS NOTED IN CAUSE FOUR OF THE COMPLAINT. Current Status: Final Resolution: Decision & Order of Offer of Settlement Resolution Date: 05/01/1997 Sanctions Ordered: Monetary/Fine Monetary Amount: $1,000.00 Resolution Details: THE MARKET REGULATION COMMITTEE ISSUED A DECISION AND ORDER OF ACCEPTANCE OF MEMBER FIRM'S OFFER OF SETTLMENT IN CMS950016 AND CMS950051 ON MAY 1, 1997. IT WAS THE DECISION OF THE COMMITTEE THAT THE OFFER OF SETTLEMENT BE ACCEPTED AND THAT FINDINGS BE MADE AS FOLLOWS THAT RESPONDENT MEMBER INCORPORATED VIOLLATED RULE 11AC1-1(C) OF THE SECURITIES EXCHANGE ACT OF 1934, MARKETPLACE RULE 4613(B) AND CONDUCT RULES 2110 AND 3320. BASED ON THE ACCEPTANCE OF THE OFFER OF SETTLEMENT, RESPONDENT MEMBER IS FINED $1,000. Summary: *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASD Date initiated: 11/15/1995 Docket/ Case Number: CMS950016 AND CMS950051 Allegations: NASD ALLEGES THAT PAINEWEBBER FAILED TO EXECUTE FOUR TRANSACTIONS IN VIOLATION OF RULE 11AC1-1(C) OF THE SECURITIES EXCHANGE ACT OF 1934, MARKETPLACE RULE 4613 (B) (FORMERLY PART V, SECTION 2 (B) OF SCHEDULE D TO THE NASD'S BY-LAWS) AND CONDUCTED RULES 2110 AND 3320 (FORMERLY ARTICLE III, SECTION 1 AND 6 OF THE NASD'S RULES OF FAIR PRACTICE) Current Status: Final Resolution: Settled Resolution Date: 05/01/1997 Sanctions Ordered: Monetary/Fine Monetary Amount: $1,000.00 Resolution Details: PWI WITHOUT ADMITTING OR DENYING OR ALLEGATIONS OF THE COMPLAINT, CONSENTED TO A FINE OF $1000. THE NASD NOTED THAT THE SITUATION DID NOT INVOLVE MANIPULATIVE OR DECEPTIVE INTENT AND THAT PWI HAD SIGNIFICANTLY IMPROVED ITS PERFORMANCE IN THIS AREA AND HAD IMPLEMENTED CORRECTIVE MEASURES TO PREVENT THE RECURRENCE OF SUCH EVENTS. Summary: ****** REGULATORY ACTION (231 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 10/31/1995 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. NASD BrokerCheck October 14, 2005 Page 175 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date initiated: 07/24/1995 Docket/ Case Number: CMS950081 Allegations: Current Status: Final Resolution: Consent Resolution Date: 10/31/1995 Sanctions Ordered: Monetary/Fine Monetary Amount: $2,500.00 Resolution Details: Summary: MARKET SURVEILLANCE COMMITTEE COMPLAINT NO. CMS950081 AWC FILED AGAINST PAINEWEBBER INCORPORATED (PWJC) ON JULY 24, 1995 ALLEGING VIOLATIONS OF SECTION c)2(E) OF THE RULES OF PRACTICE AND PROCEDURE FOR SOES AND ARTICLE III, SECTION 1 OF THE ASSOCIATION'S RULES OF FAIR PRACTICE IN THAT ON 16 OCCASIONS PWJC ENTERED ORDERS ON AN AGENCY BASIS INTO SOES FOR SECURITIES FOR WHICH PWJC WAS A REGISTERED MARKET MAKER. THE AWC WAS ACCEPTED BY THE NATIONAL BUSINESS CONDUCT COMMITTEE ON OCTOBER 31, 1995. PWJC WAS FINED $2,500. THE AWC BECAME FINAL ON OCTOBER 31, 1995. ************************************************************ ******$2,500.00 PAID ON 11/21/95, INVOICE #95-MS-727****** *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASD Date initiated: 07/24/1995 Docket/ Case Number: CMS950081 AWC Allegations: THE NASD ALLEGED THAT PAINEWEBBER ENTERED ORDERS ON AN AGENCY BASIS INTO SOES FOR SECURITIES FOR WHICH PAINEWEBBER WAS A REGISTERED MARKET IN VIOLATION OF SECTION C(2)E OF THE RULES OF PRACTICE AND PROCEDURES FOR SOES AND ARTICLE III, SECTION 1 OF THE NASD'S RULES OF FAIR PRACTICE. Current Status: Final Resolution: Consent Resolution Date: 10/31/1995 Sanctions Ordered: Monetary/Fine Monetary Amount: $2,500.00 Resolution Details: PAINEWEBBER CONSENTED, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS TO PAY A FINE $2,500. Summary: ****** REGULATORY ACTION (232 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 09/27/1995 Initiated By: VERMONT SECURITIES DIVISION Date initiated: 09/27/1995 Docket/ Case Number: 94-078-S Allegations: MAKING UNSUITABLE RECOMMENDATIONS IN CONNECTION WITH LIMITED NASD BrokerCheck October 14, 2005 Page 176 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) PARTNERSHIP TRASNACTIONS IN VIOLATION OF 9 V.S.A. SECTION 4221a(a)8 OF THE VERMONT SECURITIES ACT AND REGULATION S-91-1, RULE 3.05 PROMULGATED THEREUNDER AND FAILING TO REASONABLY SUPERVISE IN VIOLATION OF 9 V.S.A. SECTION 4221a(a)(11) OF THE VERMONT SECURITIES ACT. Current Status: Final Resolution: Consent Resolution Date: 09/27/1995 Sanctions Ordered: Monetary/Fine Monetary Amount: $100,000.00 Resolution Details: RESPONDENT ENTERED INTO A CONSENT ORDER WHEREIN IT NEITHER ADMITTED NOR DENIED THE DIVISION'S ALLEGATIONS. THE FOLLOWING ACKNOWLEDGMENTS, AGREEMENTS AND UNDERTAKINGS WERE SET FORTH IN THE CONSENT ORDER. A) RESPONDENT HAD ENTERED INTO SETTLEMENTS WITH CLIENTS THAT HAD ASSERTED LEGAL CLAIMS IN CONNECTION WITH LIMITED PARTNERSHIP INVESTMENTS PURCHASED THROUGH FORMER SALES REPRESENTATIVES DELP (CRD# 842724) AND GIARD (CRD# 1122419). IN CONNECTION WITH THOSE SETTLEMENTS, RESPONDENT PAID OR AGREED TO PAY TO THESE CLIENTS AN AGGREGATE AMOUNT EXCEEDING $807,000.00. RESPONDENT AGREED TO MAKE VOLUNTARY OFFERS OF PAYMENTS IN ADDTION TO THE AFOREMENTIONED PAYMENTS, TO ADDITIONAL CUSTOMERS WHO MAY HAVE BEEN SOLD UNSUITABLE LIMITED PARTNERSHIP INVESTMENTS. THESE VOLUNTARY OFFERS OF PAYMENTS EXCEED $126,000. B) RESPONDENT AGREED TO ADHERE TO A GOOD FAITH STANDARD IN ADRESSING AND RESOLVING BOTH CURRENT AND FUTURE COMPLAINTS REGARDING THE SALES OF LIMITED PARTNERSHIPS TO VERMONT RESIDENTS. C) RESPONDENT AGREED TO PAY A $100,000.00 ADMINISTRATIVE FINE. D) RESPONDENT AGREED TO PAY AN ADDITIONAL $10,000.00 IN COSTS, $15,000.00 HAVING BEEN PAID BY ORDER ISSUED BY THE DIVISION ON 11/1/94. D) RESPONDENT AGREED TO CERTAIN ADDITIONAL UNDERTAKINGS MORE FULLY DESCRIBED IN THE CONSENT ORDER. Summary: THE DIVISION INVESTIGATED THE ACTIVITIES OF RESPONDENT IN CONNECTION WITH THE OFFER AND SALE OF LIMITED PARTNERSHIP INVESTMENT INTERESTS BY ITS VERMONT BASED SALES REPRESENTATIVES FROM 1984 THROUGH 1990. THE DIVISION ALSO INVESTIGATED THE ACTIVITIES OF RESPONDENT IN CONNECTION WITH THE SUPERVISION OF ITS FORMER SALES REPRESENTATIVES, HARRY L. DELP, JR. AND HIS SPOUSE, MARILYNN L. GIARD IN CONNECTION WITH THEIR OFFER AND SALE OF LIMITED PARTNERTSHIPS OFF BY AND THROUGH RESPONDENT AND THEIR OFFER AND SALE OF OUTSIDE INVESTMENT INTERESTS IN THE CHAMPLAIN VILLAS PARTNERSHIP. THE DIVISION ALLEGED THAT RESPONDENT MADE UNSUITABLE RECOMMENDATIONS TO ITS S CLIENTS BY AND THROUGH SALES MADE BY DELP AND GIARD AND THAT IT FAILED TO REASONABLY SUPERVISE DLEP AND GIARD IN CONNECTION WITH THESE UNSUITABLE SALES AND THE CHAMPLAIN VILLAS SALES. THE DIVISION ALLEGED THAT CLIENTS WERE PER SE UNSUITABLE FOR LIMITED PARTNERSHIP INVESTMENTS AND THAT CERTAIN CLIENTS MAY HAVE BEEN UNSUITABLE AND THAT CERTAIN CLIENTS WERE EXCESSIVELY INVESTED IN LIMITED PARTNERSHIP INVESTMENTS. THE DIVISION FURTHER ALLEGED THAT RESPONDENT, IN LIGHT OF THE INFORMATION AVAILABLE TO RESPONDENT AND THE DATES WHEN THAT INFORMATION BECAME AVAILABLE, THAT RESPONDENT FAILED TO TAKE REASONABLE STEPS TO INVESTIGATE THE EXTENT OF DELP'S AND GIARD'S INVOLVEMENT IN THE CHAMPLAIN VILLAS PARTNERSHIP AND THE EXTENT OF THEIR CUSTOMER'S INVOLVEMENT AS INVESTORS. THE DIVISION ALLEGED THAT RESPONDENT INAPPROPRIATELY GRANTED DELP APPROVAL TO PARTICPATE IN THE CHAMPLAIN VILLAS PARTNERSHIP. THE CHAMPLAIN VILLAS PARTNERTSHIP WAS NOT SPONSORED OR AUTHORIZED BY RESPONDENT. CONTACT: ENFORCEMENT ATTORNEY 802-828-3420. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: STATE OF VERMONT, DEPARTMENT OF BANKING,INSURANCE & SECURITIES Date initiated: 09/27/1995 Docket/ Case Number: 94-078-S Allegations: ON SEPTEMBER 27, 1995, THE VERMOTN DEPART. OF BANKING, INSURANCE & SECURITIES ENTERED AN ORDER ALLEGING THAT, BETWEEN 1984 & 1988, PAINE WEBBER INCORPORATED DID NOT REASONABLE SUPERVISE TWO FORMER INVESTMENT EXECUTIVES WITH RESPECT TO CERTAIN OUTSIDE ACTITITIES AND LIMITED PARTNERSHIP INVESTMENT NASD BrokerCheck October 14, 2005 Page 177 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) RECOMMENDATIONS. Current Status: Final Resolution: Consent Resolution Date: 09/27/1995 Sanctions Ordered: Monetary/Fine Monetary Amount: $100,000.00 Resolution Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, PAINEWEBBER AGREED AMONG OTHER THINGS, TO PAY AN ADMINISTRATIVE FINE OF $100,000. Summary: ****** REGULATORY ACTION (233 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 04/19/1996 Initiated By: KANSAS SECURITIES COMMISSIONER Date initiated: 04/19/1996 Docket/ Case Number: 96E079/96-3188 Allegations: ENGAGED IN MISREPRESENTATIONS AND OMISSIONS OF MATERIAL FACTS, MADE UNSUITABLE RECOMMENDATIONS, FAILED TO KEEP ADEQUATE BOOKS AND RECORDS, AND FAILED TO REASONABLY SUPERVISE ITS AGENTS IN CONNECTION WITH THE SALE OF LIMITED PARTNERSHIP PROGRAMS. Current Status: Final Resolution: Consent Resolution Date: 04/19/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $54,110.00 Resolution Details: ENTERED INTO A CONSENT ORDER WHEREBY IT WILL CEASE VIOLATING PROVISIONS OF THE KANSAS SECURITIES ACT AND PAY A $54,110 FINE. Summary: CONTACT: ALAN J. FORD - 913/296-6874 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE KANSAS SECURITIES COMMISSION Date initiated: 04/19/1996 Docket/ Case Number: UNKNOWN Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASONABLE SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final Resolution: Consent Resolution Date: 04/19/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $54,110.00 NASD BrokerCheck October 14, 2005 Page 178 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $54,110.00 Summary: ON 1/18/96, PWI ANNOUCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH KANSAS PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (234 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 04/19/1996 Initiated By: AL Date initiated: 04/19/1996 Docket/ Case Number: CO-96-0024 Allegations: BASED UPON CHARGES BY THE U.S. SECURITIES & EXCHANGE COMMISSION (SEC) THAT PAINEWEBBER, INC., HAD BROKEN FEDERAL FRAUD AND RECORD KEEPING LAWS AND FAILING TO PROPERLY SUPERVISE ITS BROKERS, CONCERNING MISLEADING THOUSANDS OF INVESTORS IN THE SALE OF RISKY LIMITED PARTNERSHIPS OVER A SIX-YEAR PERIOD, PAINEWEBBER, INC. ENTERED INTO A CONSENT ORDER WITH THAT AGENCY WITHOUT ADMITTING OR DENYING THE MATTERS SET FORTH THEREIN. THE ORDER REQUIRED PAINEWEBBER, INC. TO PAY A TOTAL OF $292,500,000 TO INVESTORS. THE VIOLATIONS ENUMERATED IN THE ORDER OF THE SEC, CONSTITUTED VIOLATIONS OF SECTIONNS 8-6-3(i), 8-6-3(j)(10) AND 8-6-17(a) OF THE ALABAMA SECURITIES ACT. BASED UPON THE ACTION OF THE SEC IN ENSURING REPAYMENT TO ALABAMA INVESTORS, THE ALABAMA VIOLATIONS WERE RESOLVED BY PAINEWEBBER, INC. ENTERING INTO A CONSENT ORDER WITH THE ALABAMA SECURITIES COMMISSION, NEITHER ADMITTING NOR DENYING THE ALLEGATIONS. THE CONSENT ORDER REQUIRED THAT PAINEWEBBER INC., CEASE AND DESIST FROM FUTURE VIOLATIONS OF THE ACT; THE PAYMENT OF ADMINISTRATIVE ASSESSMENT OF $47,081.00 AND INVESTIGATIVE COSTS OF $2,000. HOWEVER, THE ORDER DID NOT SETTLE OR ADJUDICATE ANY CLAIMS, CAUSES OF ACTION, OR RIGHTS OF ANY PERSON WHOMSOEVER. Current Status: Final Resolution: Consent Resolution Date: 04/19/1996 Sanctions Ordered: Cease and Desist/Injunction Resolution Details: ISSUED CONSENT ORDER CO-96-0024, ISSUED 04/19/96. Summary: SAME AS ALLEGATIONS CONTACT: JAMES G. PUGH SPECIAL AGENT (334)242-2984. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: ALABAMA SECURITIES COMMISSION Date initiated: 04/19/1996 Docket/ Case Number: CO-96-0024 Allegations: ALLEGED THAT PWI VIOLATED CERTAIN ANTI-FRAUD & RECORDKEEPING PROVISIONS OF APPLICABLE STATE LAWS IN THE OFFER AND SALE OF CERTAIN DIRECT INVESTMENT PROGRAMS BETWEEN 1986-92 AND FAILED TO REASOONABLE SUPERVISE CERTAIN REGISTERED REPRESENTATIVES AND OTHER EMPLOYEES IN THE SALE OF THESE INTERESTS Current Status: Final NASD BrokerCheck October 14, 2005 Page 179 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution: Consent Resolution Date: 04/29/1996 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $49,081.00 Resolution Details: PWI CONSENTED WITHOUT ADMITTING OR DENYING THE FINDS THEREIN, TO THE ENTRY ORDER TO CEASE & DESIST FROM FURTHER VIOLATIONS AND TO PAY $49,081.00 Summary: ON 1/18/96, PWI ANNOUNCED THAT IT HAD REACHED SETTLEMENT AGREEMENTS WITH THE SEC AND CLASS ACTION PLAINTIFFS RESOLVING ISSUES RELATED TO THE FIRMS PAST SALE OF PUBLIC- PROPRIETARY DIRECT INVESTMENT. AS PART OF THAT PROCESS, PWI ALSO CONCLUDED AN AGREEMENT IN PRINCIPLE WITH THE MULTISTATE SPECIAL COMMITTEE PURSUANT TO WHICH IT WAS CONTEMPLATED THAT SETTLEMENT AGREEMENT WOULD BE REACHED WITH ALL STATES, P.R. AND D.C. THIS FILING REFLECTS THE SETTLEMENT AGREEMENT REACHED WITH ALABAMA PURSUANT TO THAT AGREEMENT ****** REGULATORY ACTION (235 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 04/08/1996 Initiated By: CBOE Date initiated: 04/08/1996 Docket/ Case Number: 95-0029 Allegations: see summary Current Status: Final Resolution: Order Resolution Date: 04/08/1996 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $10,000.00 Resolution Details: $10,000 fine and a censure Summary: A PaineWebber customer entered a spread order with PaineWebber. Brownstein erroneously entered the wrong spread order with PaineWebber's floor broker. Upon discovery of this error, Brownstein caused the entire error to be placed into a PaineWebber error account. Thereafter, Brownstein directed a PaineWebber clerk to fill its customer's order out of the PaineWebber error account. The PaineWebber clerk then effected three cross transactions at the PaineWebber booth between PaineWebber's error account and the customer. PaineWebber and Brownstein crossed or caused to be crossed the orders described above in a manner that was non-competitive, not in open outcry and inconsistent with just and equitable principles of trade. (CBOE Rules 4.1, 6.43 and 6.74a) *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE CHICAGO BOARD OPTIONS EXCHANGE Date initiated: 10/13/1995 Docket/ Case Number: 95-0029 Allegations: ALLEGATIONS OF VIOLATIONS OF CBOE RULES 4.1;6.43;6.73(A);6.74(A) Current Status: Final NASD BrokerCheck October 14, 2005 Page 180 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution: Decision Resolution Date: 04/08/1996 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $10,000.00 Resolution Details: ALLEGED VIOLATIONS OF RULES 4.1 AND 6.73 (A) WERE DISMISSED. A FINDING OF A VIOLATION OF RULES 4.1,6.3 AND 6.74(A) WAS ENTERED. PAINEWEBBER WAS CENSURED AND A $10,000 JOINT AND SEVERAL FINE WAS IMPOSED. Summary: PURSUANT TO AN OFFER OF SETTLEMENT IN WHICH PAINEWEBBER NEITHER ADMITTED NOR DENIED THE ALLEGATIONS, PAINEWEBBER AGREED TO THE ABOVE DISPOSITION OF THE PROCEEDING. ****** REGULATORY ACTION (236 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 04/22/1996 Initiated By: TEXAS STATE SECURITIES BOARD Date initiated: 04/22/1996 Docket/ Case Number: CEN/CDO-1100 Allegations: Not Provided Current Status: Final Resolution: Order Resolution Date: 04/22/1996 Sanctions Ordered: Monetary/Fine, Censure, Cease and Desist/Injunction Resolution Details: RESPONDENT VIOLATED CERTAIN ANTI-FRAUD PROVISIONS OF THE SECURITIES ACT BY MAKING CERTAIN MATERIAL MISTATEMENTS AND OMISSIONS OF MATERIAL FACTS IN THE SALE OF FOUR DIRECT INVESTMENT PROGRAMS. THESE PROGRAMS WERE ALSO CONSIDERED UNSUITABLE INVESTMENTS FOR SOME INVESTORS. RESPONDENT ALSO FAILED TO REASONABLY SUPERVISE CERTAIN SALES AGENTS AND EMPLOYEES AND FAILED TO KEEP ADEQUATE BOOKS AND RECORDS WITH RESPECT TO SECONDARY MARKET ACTIVITIES. RESPONDENT WAS ORDERED TO CEASE AND DESIST FROM FURTHER VIOLATIONS OF THE SECURITIES ACT AND TO PAY AN ADMINISTRATIVE FINE. Summary: CONTACT: JOYCE MILLER (512) 305-8390 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 02/26/2003 Initiated By: TEXAS SECURITIES BOARD Date initiated: 04/22/1996 Docket/ Case Number: CEN/CDO-1100 Allegations: ALLEGED VIOLATIONS OF CERTAIN ANTI-FRAUD PROVISIONS OF THE SECURITIES ACT. Current Status: Final Resolution: Order Resolution Date: 04/22/1996 Sanctions Ordered: Monetary/Fine, Censure, Cease and Desist/Injunction Monetary Amount: $0.00 NASD BrokerCheck October 14, 2005 Page 181 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Other Sanctions: DUE TO THE AGE OF THE ITEM, THE MONETARY FINE INFORMATION IS UNAVAILABLE. Resolution Details: DUE TO THE AGE OF THE ITEM, ADDITIONAL SANCTION DETAIL IS UNAVAILABLE. Summary: ****** REGULATORY ACTION (237 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 02/20/1996 Initiated By: FLORIDA DIVISION OF SECURITIES AND INVESTOR PROTECTION Date initiated: 02/20/1996 Docket/ Case Number: 2284-S-1/96 Allegations: THE FLORIDA DEPARTMENT OF BANKING AND FINANCE ALLEGES THAT PAINEWEBBER INCORPORATED VIOLATED THE REGISTRATION PROVISIONS OF CHAPTER 517, FLORIDA STATUTES AND THE RULES OF THE DEPARTMNT, BY OPERATING BRANCH OFFICES IN THE STATE OF FLORIDA WHEN THE BRANCH OFFICES WERE NOT LICENSED WITH THE DEPARTMENT. Current Status: Final Resolution: Stipulation and Consent Resolution Date: 02/20/1996 Sanctions Ordered: Monetary/Fine Monetary Amount: $10,000.00 Resolution Details: ON 2/20/96, THE FLORIDA DEPARTMENT OF BANKING AND FINANCE ISSUED A FINAL ORDER ENTERING INTO A STIPULATION AND CONSENT AGREEMENT REGARDING THE RESPONDENTS PAINEWEBBER INCORPORATED. THE FINAL ORDER INCORPORATES THE STIPULATION AND CONSENT AGREEMENT, DATED 2/2/96, IN WHICH THE RESPONDENTS NEITHER ADMIT NOR DENY THAT THEY HAVE VIOLATED CHAPTER 517, FLORIDA STATUTES. IN ACCORDANCE WITH THE AGREEMENT THE DEPARTMENT AGREED TO APPROVE THE APPLICATIONS FOR REGISTRATION FOR BRANCH OFFICE IN FLORIDA, EFFECTIVE 1/23/96 AND PAINEWEBBER INC. AGREED TO PAY A $10,000 ADMINISTRATIVE FINE. Summary: Not Provided *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: STATE OF FLORIDA DIVISION OF SECURITIES & INVESTOR PROTECTION Date initiated: 02/01/1996 Docket/ Case Number: 2284-S-1/96 Allegations: THE DEPARTMENT ALLEGED THAT PAINEWEBBER OPERATED TWO BRANCH OFFICES, LOCATED IN MIAMI & PENSACOLA, FLORIDA, THAT WERE NOT LICENSED WITH THE DEPARTMENT, THEREBY VIOLATING THE REGISTRATION PROVISION OF CHAPTER 517, FLORIDA STATUTES. Current Status: Final Resolution: Consent Resolution Date: 02/20/1996 Sanctions Ordered: Monetary/Fine Monetary Amount: $10,000.00 Resolution Details: PAINEWEBBER CONSENTED, WITHOUT ADMITTING OR DENYING OR LIABILITY, TO PAY AN ADMINISTRATIVE FINE OF $10,000. IN NASD BrokerCheck October 14, 2005 Page 182 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) ACCORDANCE WITH THE STIPULATIONS & CONSENT AGREEMENT,THE DEPARTMENT AGREED TO APPROVE PAINEWEBBER'S APPLICATIONS TO REGISTER ITS BRANCH IN MIAMI & PENSACOLA. Summary: ****** REGULATORY ACTION (238 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 02/08/1996 Initiated By: Maryland Division of Securities Date initiated: 02/08/1996 Docket/ Case Number: S-95-063/S-92-102 Allegations: Unregistered investment advisory activities Current Status: Final Resolution: Consent Resolution Date: 03/29/1999 Sanctions Ordered: Monetary/Fine Monetary Amount: $25,000.00 Resolution Details: On 2/8/96, the Maryland Securities Commissioner issued a Consent Order against PaineWebber, Inc., in which an agreement to a $25,000 fine and compliance enhancements for failure to comply with the Division's I.A. representative registration requirements and with the terms of previous Orders issued against Respondent by the Commissioner. Summary: Contact: Julie L. Tewey, AAG, (410) 576-7037 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: MARYLAND SECURITIES DIVISION Date initiated: 02/08/1996 Docket/ Case Number: S-95-063 Allegations: MARYLAND SECURITIES DIVISION ALLEGED THAT PAINEWEBBER ("PW") VIOLATED SECTION 11-402 OF MARYLAND SECURITIES ACT AND THE TERMS OF 1992 & 1993 CONSENT ORDERS BY EMPLOYING AN UNREGISTERED INVESTMENT ADVISOR WHO ENGAGED IN ACTIVITIES REQUIRING SUCH REGISTRATION DURING THE PERIOD OF 10/90 TO 9/94. Current Status: Final Resolution: Consent Resolution Date: 03/29/1999 Sanctions Ordered: Monetary/Fine Monetary Amount: $25,000.00 Resolution Details: ON 2/8/96. PW AGREED TO CONSENT ORDER REQUIRING PW TO REGISTER WITH THE STATE AS INVESTMENT ADVISORS ALL BRANCH MANAGERS AND BROKER-DEALER AGENTS LOCATED IN MARYLAND WITHIN 60 DAYS OF ENTRY OF ORDER AND TO MAINTAIN COMPLIANCE WITH TERMS OF 1992 & 1993 CONSENT ORDERS. PW WAS FINED $25,000. ON MARCH 29, 1999, THE STATE AMENDED THE CONSENT ORDER ELIMINATING THE FIRM'S REQUIREMENT TO CONTINUE COMPLIANCE WITH CERTAIN TERMS OF THE 1996 ORDER. Summary: NASD BrokerCheck October 14, 2005 Page 183 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) ****** REGULATORY ACTION (239 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 07/29/1987 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 07/29/1987 Docket/ Case Number: MS-535-AWC Allegations: Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 07/29/1987 Sanctions Ordered: Monetary/Fine Monetary Amount: $500.00 Resolution Details: Summary: MARKET SURVEILLANCE COMMITTEE COMPLAINT #MS-535-AWC, FILED 4/23/87: LETTER OF ACCEPTANCE, WAIVER AND CONSENT (AWC) ALLEGES VIOLATIONS OF PART I, SECTION C.3.(c) OF SCHEDULE D IN THAT RESPONDENT (PAINEWEBBER, INC.) FAILED TO REPORT ITS NASDAQ VOLUME. THE AWC WAS ACCEPTED BY THE MARKET SURVEILLANCE COMMITTEE ON 5/19/87 AND BY THE NATIONAL BUSINESS CONDUCT COMMITTEE ON 7/29/87. $500 FINE *********** NFC #276 - $500 FINE PAID 8/25/87 ********** *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASD MARKET SURVEILLANCE COMMITTEE Date initiated: 04/01/1987 Docket/ Case Number: MS-535-AWC Allegations: ALLEGED NASDAQ TRADE REPORTING VIOLATIONS ON EIGHT OCCASIONS IN JANUARY AND FEBRUARY 1987 Current Status: Final Resolution: Other Resolution Date: 04/01/1987 Sanctions Ordered: Monetary/Fine Monetary Amount: $500.00 Resolution Details: IN APRIL, 1987, PAINEWEBBER ACCEPTED A FINE OF $500.00 WITHOUT CONTEST FROM THE NATIONAL ASSOCIATION OF SECURITIES DEALERS' MARKET SURVEILLANCE COMMITTEE TO RESOLVE CHARGES OF NASDAQ TRADE REPORTING VIOLATIONS ON EIGHT OCCASIONS IN JANUARY AND FEBRUARY 1987. Summary: ****** REGULATORY ACTION (240 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 07/28/2003 Initiated By: NATIONAL FUTURES ASSOCIATION Date initiated: 01/30/1986 NASD BrokerCheck October 14, 2005 Page 184 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Docket/ Case Number: NFA CASE #86BCC00002 Allegations: ON JANUARY 30, 1986, THE EASTERN REGIONAL BUSINESS CONDUCT COMMITTEE ISSUED A COMPLAINT CHARGING PAINE WEBBER JACKSON CURTIS INC. ("PAINE WEBBER") WITH VIOLATIONS OF NFA REQUIREMENTS ARISING OUT OF PAINE WEBBER'S HANDLING OF COMMODITY FUTURES ACCOUNTS FOR INDIVIDUAL'S AND COMPANY'S THROUGH ITS SAN DIEGO BRANCH OFFICE DURING 1983 AND 1984. THE COMPLAINT ALLEGED VIOLATIONS OF NFA BYLAW 1101 FOR TRANSACTING CUSTOMER BUSINESS WITH PERSONS WHO WERE REQUIRED TO BE REGISTERED WITH THE CFTC AS COMMODITY POOL OPERATORS ("CPOS") AND WERE NOT MEMBERS OF NFA. IT ALSO ALLEGED THAT PAINE WEBBER FAILED TO OBSERVE HIGH STANDARDS OF COMMERCIAL HONOR AND JUST AND EQUIT- ABLE PRINCIPLES OF TRADE, IN VIOLATION OF NFA COMPLIANCE RULE 2-4, BY TRANSACT- ING CUSTOMER BUSINESS WITH PERSONS WHO WERE ACTING AS UNREGISTERED CPOS. IN ADDITION, THE COMPLAINT ALLEGED THAT PAINE WEBBER VIOLATED NFA COMPLIANCE RULE 2-9 BY FAILING TO ADEQUATELY SUPERVISE ITS EMPLOYEES WHO HANDLED THE ACCOUNTS, IN QUESTION. Current Status: Final Resolution: Decision Resolution Date: 03/11/1987 Sanctions Ordered: Monetary/Fine Monetary Amount: $15,000.00 Resolution Details: ON MARCH 11, 1987, THE EASTERN REGIONAL BUSINESS CONDUCT COMMITTEE ACCEPTED AN OFFER OF SETTLEMENT SUBMITTED BY PAINE WEBBER AND ISSUED A DECISION DIRECTING PAINE WEBBER TO REFRAIN FROM VIOLATIONS OF NFA REQUIREMENTS AND TO PAY A FINE OF $15,000. IN SUBMITTING ITS OFFER PAINE WEBBER NEITHER ADMITTED NOR DENIED THE ALLEGATIONS OF THE COMPLAINT. Summary: *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 07/31/2003 Initiated By: NATIONAL FUTURES ASSOCIATION Date initiated: 01/30/1986 Docket/ Case Number: 86BCC00002 Allegations: ALLGED VIOLATION OF NFA BYLAW 1101 AND COMPLIANCE RULE 2-4. Current Status: Final Resolution: Decision Resolution Date: 03/11/1987 Sanctions Ordered: Monetary/Fine Monetary Amount: $15,000.00 Resolution Details: THE FIRM NEITHER ADMITTED NOR DENIED THE ALLEGATIONS AND AGREED TO REFRAIN FROM VIOLATIONS OF NFA REQUIREMENTS. Summary: ****** REGULATORY ACTION (241 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 12/01/1986 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 07/23/1985 NASD BrokerCheck October 14, 2005 Page 185 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Docket/ Case Number: MS-164 Allegations: Current Status: Final Resolution: Decision Resolution Date: 02/20/1986 Sanctions Ordered: Monetary/Fine Monetary Amount: $25,000.00 Resolution Details: Summary: 2/4/86: MARKET SURVEILLANCE COMMITTEE COMPLAINT #MS-164 FILED 7/23/85 ALLEGED VIOLATIONS OF ARTICLE III, SECTION 2 AGAINST RESPONDENT MARY FARRELL FOR CHANGING A PREVIOUSLY PUBLISHED PAINEWEBBER RECOMMENDATION REGARDING ZONDERVAN CORP. (ZOND) ON THE BASIS OF MATERIAL NON-PUBLIC INFORMATION. SUCH RECOMMENDATION WAS DISSEMINATED TO PAINEWEBBER'S OFFICES AND TRADING DEPARTMENT. 3/17/86: AT ITS MEETING ON FEBRUARY 5, 1986, THE MARKET SURVEILLANCE COMMITTEE, AFTER CONSIDERABLE DELIBERATION, AFFIRMED THE HEARING PENAL'S FINDINGS OF THE VIOLATIONS ALLEGED AND ASSESSED THE FOLLOWING PENALTIES: RESPONDENT MEMBER PAINE WEBBER, INC.: CENSURED AND FINED $50,000. FURTHER, PAINEWEBBER, INC. MUST DEVISE COMPREHENSIVE WRITTEN COMPLIANCE PROCEDURES, COUPLED WITH A PROGRAM OF CONTINUING EDUCATION, ENSURING THAT EMPLOYEES RECOGNIZE AND PROPERLY HANDLE MATERIAL, NON-PUBLIC INFORMATION WITHIN THIRTY CALENDAR DAYS OF THE DATE OF THE DECISION. THE COMMITTEE DECISION WAS DATED FEBRUARY 7, 1986. EACH RESPONDENT FILED AN APPEAL DATED FEBRUARY 20, 1986. FEBRUARY 20, 1986-APPEALED TO THE BOARD OF GOVERNORS. THE BOARD OF GOVERNORS DECISION RENDERED DECEMBER 1, 1986 WHEREIN ALL OF THE ALLEGATIONS ARE DISMISSED EXCEPT THOSE INVOLVING PW'S VIOLATIONS OF PART IX, SECTION 2 OF SCHEDULE D FOR FAILING TO REPORT CERTAIN TRANSACTIONS IN ZOND AND REPORTING OTHERS THAT SHOULD NOT HAVE BEEN REPORTED. RESPONDENT PW IS THEREFORE FINED IN THE AMOUNT OF $25,000. $25,000 FINE PAID 6/24/88 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 07/24/2003 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS Date initiated: 07/23/1985 Docket/ Case Number: MS-164 Allegations: ALLEGED VIOLATIONS OF ARTICLE III, SECTION 2 AGAINST AN EMPLOYEE IN THE FIRMS RESEARCH DIVISION FOR CHANGING A PREVIOUSLY PUBLISHED RECOMMENDATION ON THE BASIS OF MATERAIL NON-PUBLIC INFORMATION Current Status: Final Resolution: Other Resolution Date: 02/20/1986 Sanctions Ordered: Monetary/Fine Monetary Amount: $25,000.00 Resolution Details: FINE OF $25,000.00, WHICH WAS PAID ON 06/24/1988. Summary: ITEM WAS APPEALED TO THE BOARD OF GOVERNORS, WHO RENDERED A DECISION ON DECEMBER 1, 1986, DISMISSING ALL ALLEGATIONS EXCEPT THOSE INVOLVING THE FIRM'S VIOLATIONS OF PART IX, SECTION 2 OF THE SCHEDULE D FOR FAILING TO REPORT CERTAIN TRANSACTIONS INVOLVING THE SECURITY IN QUESTION. ****** REGULATORY ACTION (242 of 302) ****** NASD BrokerCheck October 14, 2005 Page 186 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Reporting Source: Regulator (Form U-6) Date Reported: 09/25/1985 Initiated By: PENNSYLVANIA Date initiated: 09/25/1985 Docket/ Case Number: 8509-6 Allegations: Current Status: Pending Summary: ORDER TO SHOW CAUSE ISSUED AGAINST RESPONDENT ALLEGING THE EMPLOYMENT OF UNREGISTERED AGENTS TO EFFECT SECURITIES TRANSACTIONS IN PA. CASE NO. 8509-6. ****** REGULATORY ACTION (243 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 10/25/1978 Initiated By: MASSACHUSETTS Date initiated: 10/25/1978 Docket/ Case Number: Allegations: Current Status: Final Resolution: Decision Resolution Date: 10/25/1978 Sanctions Ordered: Suspension Resolution Details: Summary: STATE OF MASSACHUSETTS: 10-25-78 SUSPENDED 15 DAYS. SUSPENSION SUSPENDED. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE COMMONWEALTH OF MASSACHUSETTS Date initiated: 11/01/1978 Docket/ Case Number: UNKNOWN Allegations: ALLEGATIONS BASED UPON FINDINGS THAT ADEQUATE PROCEDURES WERE NOT ENFORCED IN ONE BRANCH OFFICE. Current Status: Final Resolution: Order Resolution Date: 11/01/1978 Sanctions Ordered: Suspension Resolution Details: IN NOVEMBER, 1978, THE COMMONWEALTH OF MASSACHUSETTS ISSUED AN ORDER SUSPENDING THE AGENT REGISTRATION OF AN EMPLOYEE OF PAINE, WEBBER, JACKSON & CURTIS, INC. AND SUSPENDING THE BROKER DEALER REGISTRATION OF PAINE, WEBBER, JACKSON & CURTIS, INC., SUCH SUSPENSIONS BEING IMMEDIATELY REVOKED. THE ORDER WAS ISSUED BASED UPON FINDINGS THAT ADEQUATE PROCEDURES WERE NOT ENFORCED IN ONE BRANCH OFFICE. NASD BrokerCheck October 14, 2005 Page 187 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Summary: ****** REGULATORY ACTION (244 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 05/24/1978 Initiated By: WISCONSIN Date initiated: 05/24/1978 Docket/ Case Number: Allegations: Current Status: Final Resolution: Consent Resolution Date: 05/24/1978 Sanctions Ordered: Resolution Details: Summary: 5-24-78, STATE OF WISCONSIN: ORDER ISSUED BY THE COMMISSIONER BY CONSENT PROHIBITING THE FIRM FROM EFFECTING SECURITIES TRANSACTIONS FOR THE ACCOUNTS OF PERSONS IN WISCONSIN FROM OR THROUGH ITS MINNEAPOLIS, MN OFFICE AND EMPLOYEES THEREIN FOR A PERIOD OF FIVE BUSINESS DAYS. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: STATE OF WISCONSIN Date initiated: 05/01/1978 Docket/ Case Number: UNKNOWN Allegations: UNKNOWN Current Status: Final Resolution: Decision Resolution Date: 05/01/1978 Sanctions Ordered: Other Sanctions: PROHIBITION Resolution Details: IN MAY 1978, THE STATE OF WISCONSIN PROHIBITED THE MINNEAPOLIS, MN, OFFICE OF PAINE, WEBBER, JACKSON & CURTIS, INCORPORATED, FROM EFFECTING SECURITIES TRANSACTIONS FOR THE ACCOUNTS OF PERSONS IN WISCONSIN FOR FIVE BUSINESS DAYS. Summary: ****** REGULATORY ACTION (245 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 02/04/1972 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 01/12/1970 Docket/ Case Number: SEA-161 NASD BrokerCheck October 14, 2005 Page 188 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Allegations: Current Status: Final Resolution: Decision Resolution Date: 02/04/1972 Sanctions Ordered: Resolution Details: Summary: COMPLAINT #SEA-161 FILED 1-12-70 AGAINST SEATTLE, WA OFFICE. B/G DECISION 1-5-72 FINAL: 2-4-72 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 02/26/2003 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 01/12/1970 Docket/ Case Number: SEA-161 Allegations: DUE TO THE AGE OF THE ITEM, THE SPECIFIC ALLEGATIONS ARE UNAVAILABLE. Current Status: Final Resolution: Decision Resolution Date: 02/04/1972 Sanctions Ordered: Other Sanctions: DUE TO THE AGE OF THE ITEM, THE PRINCIPAL SANCTIONS ARE UNAVAILABLE. Resolution Details: DUE TO THE AGE OF THE ITEM, SANCTION DETIAL IS UNAVAILABLE. Summary: ****** REGULATORY ACTION (246 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 02/11/1972 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 10/23/1970 Docket/ Case Number: P-336 Allegations: Current Status: Final Resolution: Decision Resolution Date: 02/11/1972 Sanctions Ordered: Monetary/Fine, Censure Resolution Details: Summary: COMPLAINT P-336 (DISTRICT 11) FILED 10-23-70 AGAINST PHILADELPHIA, PA BRANCH 2-11-72: CENSURED AND FINED *********************************** Reporting Source: Brokerage Firm (Form BD) NASD BrokerCheck October 14, 2005 Page 189 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date Reported: 02/26/2003 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 10/23/1970 Docket/ Case Number: P-336 Allegations: DUE TO THE AGE OF THE ITEM, THE PRINCIPAL ALLEGATIONS ARE UNAVAILABLE. Current Status: Final Resolution: Decision Resolution Date: 02/11/1972 Sanctions Ordered: Censure Other Sanctions: DUE TO THE AGE OF THE ITEM, THE PRINCIPAL SANCTIONS ARE UNAVAILABLE. Resolution Details: DUE TO THE AGE OF THE ITEM, SACTION DETAIL IS UNAVAILABLE. Summary: ****** REGULATORY ACTION (247 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 04/29/1961 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 10/01/1959 Docket/ Case Number: B-103 Allegations: Current Status: Final Resolution: Decision Resolution Date: 04/29/1961 Sanctions Ordered: Censure Resolution Details: Summary: COMPLAINT B-103 DISTRICT 13 FILED: 10-1-59 CENSURED: 4-29-61 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 02/26/2003 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 10/01/1959 Docket/ Case Number: B-103 Allegations: DUE TO THE AGE OF THE ITEM, THE ALLEGATIONS ARE UNAVAILABLE. Current Status: Final Resolution: Other Resolution Date: 04/29/1961 Sanctions Ordered: Censure Resolution Details: DUE TO THE AGE OF THE ITEM, ADDITIONAL SANCTION DETAIL IS NASD BrokerCheck October 14, 2005 Page 190 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) UNAVAILABLE. Summary: ****** REGULATORY ACTION (248 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 08/24/1972 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 03/29/1972 Docket/ Case Number: N-V-119 Allegations: Current Status: Final Resolution: Decision Resolution Date: 08/24/1972 Sanctions Ordered: Monetary/Fine Monetary Amount: $100.00 Resolution Details: Summary: NASDAQ COMPLAINT N-V-119 FILED 3-29-72 7-10-72: FINED $100 7/27/72: PAID FINE 8/24/72: FINAL *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 02/26/2003 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 03/29/1972 Docket/ Case Number: N-V-119 Allegations: DUE TO THE AGE OF THE ITEM, THE ALLEGATIONS ARE UNAVAILABLE. Current Status: Final Resolution: Decision Resolution Date: 08/24/1972 Sanctions Ordered: Monetary/Fine Monetary Amount: $100.00 Resolution Details: DUE TO THE AGE OF THE ITEM, ADDITIONAL SANCTION DETAIL IS UNAVAILBLE. Summary: ****** REGULATORY ACTION (249 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 09/04/1973 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 04/23/1973 Docket/ Case Number: N-WD-24 NASD BrokerCheck October 14, 2005 Page 191 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Allegations: Current Status: Final Resolution: Decision Resolution Date: 09/04/1973 Sanctions Ordered: Resolution Details: Summary: NASDAQ COMPLAINT N-WD-24 4-23-73: FINAL 7-20-73: NO MONETARY PENALTY IMPOSED 9-4-73: FINAL *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 02/26/2003 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 04/23/1973 Docket/ Case Number: N-W-D-24 Allegations: DUE TO THE AGE OF THE ITEM, THE ALLEGATIONS ARE UNAVAILABLE. Current Status: Final Resolution: Decision Resolution Date: 09/04/1973 Sanctions Ordered: Other Sanctions: DUE TO THE AGE OF THE ITEM AND BASED UPON THE INFORMATION AVAILABLE, THE RESOLUTION DETAIL IS UNAVAILABLE. Resolution Details: DUE TO THE AGE OF THE ITEM, ADDITIONAL SANCTION DETAIL IS UNAVAILABLE. Summary: ****** REGULATORY ACTION (250 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 07/24/1972 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 02/24/1972 Docket/ Case Number: N-V-50 Allegations: Current Status: Final Resolution: Decision Resolution Date: 07/24/1972 Sanctions Ordered: Monetary/Fine Monetary Amount: $25.00 Resolution Details: Summary: NASDAQ COMPLAINT N-V-50 FILED 2-24-72 6-7-72: FINED $25.00 6-22-72: PAID FINE 7-24-72: FINAL *********************************** Reporting Source: Brokerage Firm (Form BD) NASD BrokerCheck October 14, 2005 Page 192 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date Reported: Initiated By: NASD Date initiated: 06/01/1972 Docket/ Case Number: UNKNOWN Allegations: FAILURE TO REPORT VOLUME ON NASDAQ. Current Status: Final Resolution: Decision Resolution Date: 06/01/1972 Sanctions Ordered: Monetary/Fine Monetary Amount: $25.00 Resolution Details: IN JUNE, 1972, PAINE, WEBBER, JACKSON & CURTIS INCORPORATED WAS FINED $25. BY THE NASD FOR FAILURE TO REPORT VOLUME ON NASDAQ. Summary: ****** REGULATORY ACTION (251 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 03/18/1976 Initiated By: SECURITIES AND EXCHANGE COMMISSION Date initiated: Docket/ Case Number: Allegations: Current Status: Final Resolution: Consent Resolution Date: Sanctions Ordered: Censure Resolution Details: Summary: ADMINISTRATIVE PROCEEDINGS INSTITUTED. THE COMMISSION'S ORDER CENSURES THE FIRM AND REQUIRES THAT FIRM COMPLY WITH ITS UNDERTAKING TO INSTITUTE AND MAINTAIN PROCEDURES REASONABLY TO BE EXPECTED TO PREVENT AND DETECT, INSOFAR AS PRACTICABLE, THE REOCCURRENCE OF VIOLATIONS SUCH AS THOSE DESCRIBED IN THE ORDER. CONSENTED TO THE ORDER WITHOUT ADMITTING OR DENYING THE CHARGES.(ND 76-54, REL. 34-12223). *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: SECURITIES AND EXCHANGE COMMISSION Date initiated: 12/01/1980 Docket/ Case Number: UNKNOWN Allegations: VIOLATION OF SECTIONS 15(C) (3) AND 17(A) OF THE SECURITIES EXCHANGE ACT AND RULES 15C-3-3, 17A-3, 17A-11 AND 17A-13 Current Status: Final Resolution: Decision NASD BrokerCheck October 14, 2005 Page 193 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution Date: 12/01/1980 Sanctions Ordered: Censure Resolution Details: IN DECEMBER, 1980, THE SECURITIES AND EXCHANGE COMMISSION CENSURED PAINE, WEBBER, JACKSON & CURTIS, INC FOR VIOLATION OF SECTIONS 15(C) (3) AND 17(A) OF THE SECURITIES EXCHANGE ACT AND RULES 15C-3-3, 17A-3, 17A-11 AND 17A-13 THEREUNDER. Summary: ****** REGULATORY ACTION (252 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 11/01/1977 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 04/01/1977 Docket/ Case Number: ATL-553 Allegations: Current Status: Final Resolution: Decision Resolution Date: 11/01/1977 Sanctions Ordered: Monetary/Fine Monetary Amount: $500.00 Resolution Details: Summary: COMPLAINT ATL-553 FILED 4-1-77 DISTRICT #7 11-1-77: FINED $500 ALL RIGHTS WAIVED 11-1-77: FINAL 11-11-77: F & C #6903 PAID *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: A DISTRICT BUSINESS CONDUCT COMMITTEE OF THE NASD Date initiated: 11/01/1977 Docket/ Case Number: UNKNOWN Allegations: FAILING TO REGISTER AN EMPLOYEE AS A REGISTERED PRINCIPAL. Current Status: Final Resolution: Decision Resolution Date: 11/01/1977 Sanctions Ordered: Monetary/Fine Monetary Amount: $500.00 Resolution Details: IN NOVEMBER, 1977, A DISTRICT BUSINESS CONDUCT COMMITTEE OF THE NASD FINED PAINE, WEBBER, JACKSON & CURTIS, INC. $500.00 FOR FAILING TO REGISTER AN EMPLOYEE AS A REGISTERED PRINCIPAL. Summary: ****** REGULATORY ACTION (253 of 302) ****** Reporting Source: Regulator (Form U-6) NASD BrokerCheck October 14, 2005 Page 194 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date Reported: 05/31/1983 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 08/31/1981 Docket/ Case Number: CA-881 Allegations: Current Status: Final Resolution: Decision Resolution Date: 05/31/1983 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $5,000.00 Resolution Details: Summary: COMPLAINT CA-881, FILED 8-31-81 DISTRICT #2S 5/31/83: CENSURED AND FINED $5,000, J & S FC# 8474 PAID IN FULL 7-19-83 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS INC. Date initiated: 05/01/1983 Docket/ Case Number: CA-881 Allegations: VIOLATIONS OF SECTION 1 AND 27 OF THE ASSOCIATION'S RULES OF FAIR PRACTICE Current Status: Final Resolution: Decision & Order of Offer of Settlement Resolution Date: 05/01/1983 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $5,000.00 Resolution Details: IN MAY, 1983, PAINE, WEBBER, JACKSON & CURTIS, INC. AS SUCCESSOR TO BLYTH EASTMAN DILLON & COMPANY WAS CENSURED AND FINED IN THE AMOUNT OF $5,000.00 PURSUANT TO AN OFFER OF SETTLEMENT SUBMITTED TO AND ACCEPTED BY THE NATIONAL ASSOCIATION OF SECURITIES DEALERS INC FOR VIOLATIONS OF SECTION 1 AND 27 OF THE ASSOCIATION'S RULES OF FAIR PRACTICE. Summary: ****** REGULATORY ACTION (254 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 05/25/1995 Initiated By: CBOE Date initiated: 01/30/1995 Docket/ Case Number: 95-0001 Allegations: see summary Current Status: Final Resolution: Decision NASD BrokerCheck October 14, 2005 Page 195 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution Date: 05/25/1995 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $10,000.00 Resolution Details: each censured and fined $10,000 Summary: PaineWebber, Inc., an Exchange member organization and Louis Donato, a Firm trader at PaineWebber's New York office were each censured and fined in the amount of $10,000 for the following conduct: A PaineWebber customer ("Customer") entered two staddle orders with PaineWebber's New York office to close a November position in Bank of New York ("BK") option contracts and open a December BK position. The Customer's first staddle order was to purchase BK November 55 call option contracts and purchase BK November 55 put option contracts for the purpose of closing the Customer's previously established short position in the BK November 55 put option contracts. The Customer's second straddle order was to sell BK December 55 call option contracts and sell BK December 55 call and BK December 55 put option contracts. After entering these two straddle orders and before those orders were executed, and after discussing them with PaineWebber, the Customer canceled the two straddle orders and entered new orders. One new order consisted of a purchase to close BK November 55 put option contracts and a sale to open BK December 55 put option contracts. PaineWebber did not record in a written form this new put spread order. Donato, on behalf of PaineWebber, entered this put spread order subject to facilitation. PaineWebber's floor broker represented and executed a substantial portion of the put spread order as a facilitation cross with PaineWebber's account. In addition to the put spread order described above, the Customer entered an additional, related order. This additional, related order was a call spread consisting of a purchase to close BK November 55 call option contracts and a sale to open BK December 55 call option contracts. PaineWebber did not record in a written form this new call spread order. In addition, this new call spread order was not disclosed to the trading crowd before the new put spread order was facilitated by t*See FAQ #1* *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: CBOE Date initiated: 01/30/1995 Docket/ Case Number: 95-0001 Allegations: VIOLATION OF CBOE RULE 6.74(B). "CROSSING" ORDERS. Current Status: Final Resolution: Settled Resolution Date: 05/25/1995 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $10,000.00 Resolution Details: PAINEWEBBER SUBMITTED AN OFFER OF SETTLEMENT WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, TO A FINDING OF VIOLATION OF CBOE RULE 6.74(B). "CROSSING" ORDERS. PAINEWEBBER PAID A FINE OF $10,000.00 AND WAS CENSURED. Summary: ****** REGULATORY ACTION (255 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 11/18/1994 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. NASD BrokerCheck October 14, 2005 Page 196 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date initiated: 02/17/1994 Docket/ Case Number: CMS940017 AWC Allegations: Current Status: Final Resolution: Consent Resolution Date: 11/18/1994 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $500.00 Resolution Details: Summary: MARKET SURVEILLANCE COMMITTEE COMPLAINT #CMS940017 AWC. LETTER OF ACCEPTANCE, WAIVER, AND CONSENT (AWC) ALLEGES VIOLATIONS OF SEC RULE 10b-6A AND ARTICLE III, SECTION 1 OF THE ASSOCIATION'S RULES OF FAIR PRACTICE (PASSIVE MARKET MAKING) IN THAT PAINEWEBBER INCORPORATED FAILED TO REDUCE ITS BID TO A LEVEL NO HIGHER THAN THE HIGHEST INDEPENDENT MARKET AMKER BID. THE COMPLAINT WAS FILED ON FEBRUARY 17, 1994, AND ACCEPTED BY THE NBCC ON NOVEMBER 18, 1994. THE FIRM WAS CENSURED AND FINED $500. ***$500 PAID ON 12/15/94 INVOICE #94-MS-779*** *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASD Date initiated: 02/17/1994 Docket/ Case Number: CMS940017 Allegations: ALLEGED THAT IN CONNECTION WITH ITS PASSIVE MARKET MAKING ACTIVITIES, PW FAILED TO REDUCE ITS BID ON A SECURITY AS REQUIRED, IN VIOLATION OF RULE 10B-6 (A) OF THE SECURITIES EXCHANGE ACT OF 1934 AND ARTICLE III, SECTION 1 OF THE NASD'S RULES OF FAIR PRACTICE. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 11/08/1994 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $500.00 Resolution Details: PWI AND NASD ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, PAINEWBBER CONSENTED TO A CENSURE AND $500 FINE. Summary: ****** REGULATORY ACTION (256 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 10/25/1994 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 07/13/1994 Docket/ Case Number: CMS940059 Allegations: Current Status: Final NASD BrokerCheck October 14, 2005 Page 197 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution: Consent Resolution Date: 10/25/1994 Sanctions Ordered: Monetary/Fine Monetary Amount: $2,000.00 Resolution Details: Summary: MARKET SURVEILLANCE COMMITTEE COMPLAINT #CMS940059 AWC. LETTER OF ACCEPTANCE, WAIVER, AND CONSENT (AWC) ALLEGE VIOLATIONS OF SECTION c)2(E) OF THE RULES OF PRACTICE AND PROCEDURE FOR SOES (SOES RULES) AND ARTICLE III, SECTION 1 OF THE ASSOCIATIION'S RULES OF FAIR PRACTICE (RFP) IN THAT THE RESPONDENTS ENTERED ORDERS ON AN AGENCY BASIS INTO SOES FOR SECURITIES IN WHICH THEY WERE REGISTERED MARKET MAKERS. THE COMPLAINT WAS FILED ON JULY 13, 1994, AND ACCEPTED BY THE NBCC ON OCTOBER 25, 1994. THE FIRM WAS FINED $$2,000. THE AWC BECAME FINAL ON OCTOBER 25, 1994. ***$2,000 PAID ON 11/25/94 INVOICE #94-MS-722*** *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASD Date initiated: 10/25/1994 Docket/ Case Number: AWC NO. CMS930059 Allegations: ALLEGED VIOLATIONS OF SECTION C 2 (E) OF THE SOES RULES AND ARTICLE III, SECTION 1 OF THE NASD RULES. Current Status: Final Resolution: Consent Resolution Date: 10/25/1994 Sanctions Ordered: Monetary/Fine Monetary Amount: $2,000.00 Resolution Details: PAINE WEBBER CONSENTED, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, TO PAY A FINE OF $2,0000 Summary: ****** REGULATORY ACTION (257 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 07/18/1996 Initiated By: MISSOURI SECURITIES DIVISION Date initiated: 07/28/1994 Docket/ Case Number: AO-94-22 Allegations: AMENDMENT OF ADMINISTRATIVE ORDER Current Status: Final Resolution: Order Resolution Date: 07/28/1994 Sanctions Ordered: Monetary/Fine Monetary Amount: $75,000.00 Resolution Details: Not Provided NASD BrokerCheck October 14, 2005 Page 198 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Summary: PAINEWEBBER WAS RELEASED FROM THE PROVISION IN THE CONSENT ORDER WHICH REQUIRED PAINEWEBBER TO SEND INFORMATION TO MISSOURI INVESTORS. THE OTHER PROVISIONS OF THE ORDER REMAIN UNCHANGED. CONTACT: MARY HOSMER (573)751-4704. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: MISSOURI SECRETARY OF STATE-SECURITIES DIVISION Date initiated: 07/28/1994 Docket/ Case Number: A094-22 Allegations: FAILED TO SUPERVISE IN VIOLATION OF 409.204(A)(2)(J) Current Status: Final Resolution: Consent Resolution Date: 07/28/1994 Sanctions Ordered: Monetary/Fine Monetary Amount: $75,000.00 Resolution Details: PAINEWEBBER WILL PROVIDE EDUCATION MATERIALS TO ALL EXISTING AND NEW CLIENTS FOR A PERIOD OF 3 YEARS. FINED IN THE AMOUNT OF $75,000. PAINEWEBBER WAS RELEASED FROM THE PROVISION IN THE CONSENT ORDER WHICH REQUIRED THE FIRM TO SEND INFORMATION TO MISSOURI INVESTORS. THE OTHER PROVISIONS OF THE CONSENT ORDER REMAIN UNCHANGED. Summary: ****** REGULATORY ACTION (258 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 05/24/1994 Initiated By: IOWA SECURITIES BUREAU Date initiated: 05/24/1994 Docket/ Case Number: C94-04-427 Allegations: FAILURE TO FILE AUDITED FINANCIALS IN A TIMELY MANNER. Current Status: Final Resolution: Decision Resolution Date: 05/24/1994 Sanctions Ordered: Monetary/Fine Monetary Amount: $500.00 Resolution Details: WILLFULLY FAILED TO OBEY A STATUTE OR RULE. $500.00 FINE. Summary: CONTACT: GARY L. MARQUETT, ENFORCEMENT DIRECTOR, 515-281-4441 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 02/26/2003 Initiated By: IOWA SECURITIES BUREAU Date initiated: 05/24/1994 Docket/ Case Number: C94-04-427 NASD BrokerCheck October 14, 2005 Page 199 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Allegations: FAILURE TO FILE AUDITED FINANCIALS IN A TIMELY MANNER. Current Status: Final Resolution: Decision Resolution Date: 05/24/1994 Sanctions Ordered: Monetary/Fine Monetary Amount: $500.00 Resolution Details: DUE TO THE AGE OF THE ITEM, ADDITIONAL SANCTION DETAIL IS UNAVAILABLE. Summary: ****** REGULATORY ACTION (259 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 11/14/1985 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 10/29/1984 Docket/ Case Number: KC-322 Allegations: Current Status: Final Resolution: Decision & Order of Offer of Settlement Resolution Date: 11/14/1985 Sanctions Ordered: Monetary/Fine Monetary Amount: $2,000.00 Resolution Details: Summary: COMP #KC-322, FILED 10/29/84, DIST. #4, ALLEGING VIOLATIONS OF ARTICLE III, SECTIONS 1 AND 27 OF THE RULES OF FAIR PRACTICE IN THAT RESPONDENTS MEMBER, JAMES R. HUKLE AND OSCAR A. FAILED TO MAKE A BONA FIDE PUBLIC DISTRIBUTION OF SHARES OF AN OFFERING THAT WENT TO AN IMMEDIATE PREMIUM IN THE SECONDARY MARKET IN THAT SHARES WERE SOLD TO RESTRICTED ACCOUNTS IN CONTRAVENTION OF THE B/G'S INTERPRETATION W/RESPECT TO FREE- RIDING AND WITHHOLDING; AND, RESPONDENTS MEMBER, FRANK W. HOOVER, DANIEL C. ARENDT, WAYNE E. BREWSTER AND RICHARD T. HUEBNER FAILED TO PROPERLY SUPERVISE THE ACTIVITIES OF RESPONDENTS HUKLE AND SANDBERG. ENTERED 1/2/86: DECISION RENDERED 11/14/85, WHEREIN THE OFFER OF SETTLEMENT SUBMITTED BY THE RESPONDENTS WAS ACCEPTED; THEREFORE, RESPONDENTS HUKLE, SANDBERG, HOOVER AND ARENDT ARE CENSURED AND, TOGETHER WITH THE RESPONDENT MEMBER, ARE FINED $2,000.00, JOINTLY AND SEVERALLY. ALLEGATIONS AS CONTAINED IN THE SECOND CAUSE OF COMPLAINT OF A FAILURE TO PROPERLY SUPERVISE ARE DISMISSED WITH REGARD TO RESPONDENTS MEMBER, BREWSTER AND HUEBNER. ***2/4/86, FC# 9293, PAID IN FULL. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE BOARD OF GOVERNORS OF THE NASD, INC. Date initiated: 11/01/1985 Docket/ Case Number: KC-322 Allegations: ALLEGED VIOLATIONS OF THE ASSOCIATION'S FREE-RIDING AND WITHHOLDING INTERPRETATION. NASD BrokerCheck October 14, 2005 Page 200 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Current Status: Final Resolution: Decision & Order of Offer of Settlement Resolution Date: 11/01/1985 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $2,000.00 Resolution Details: IN NOVEMBER, 1985, THE BOARD OF GOVERNORS OF THE NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. ACCEPTED AN OFFER OF SETTLEMENT FINING PAINEWEBBER INC $2,000.00 AND CENSURING FOUR INDIVIDUALS FOR ALLEGED VIOLATIONS OF THE ASSOCIATION'S FREE-RIDING AND WITHHOLDING INTERPRETATION. Summary: ****** REGULATORY ACTION (260 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 04/19/1994 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 11/23/1993 Docket/ Case Number: CMS930086 AWC Allegations: Current Status: Final Resolution: Consent Resolution Date: 04/19/1994 Sanctions Ordered: Monetary/Fine Monetary Amount: $3,000.00 Resolution Details: Summary: 4/22/94: MARKET SURVEILLANCE COMPLAINT #CMS930086 AWC (A) LETTER OF ACCEPTANCE, WAIVER AND CONSENT FILED ON NOVEMBER 23, 1993 AGAINST RESPONDENT MEMBER PAINEWEBBER INCORPORATED ALLEGING VIOLATIONS OF PART V, SECTION 2(d) OF SCHEDULE D FOR ENTERING NASDAQ QUOTATIONS CONTAINING EXCESS SPREADS. THE LETTER OF ACCEPTANCE, WAIVER AND CONSENT WAS ACCEPTED BY THE MARKET SURVEILLANCE COMMITTEE ON MARCH 9, 1994 AND BY THE NATIONAL BUSINESS CONDUCT COMMITTEE ON APRIL 19, 1994. $3,000 FINE. ***$3,000 PAID 6/6/94 INVOICE #94-MS-315*** *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASD Date initiated: 11/23/1994 Docket/ Case Number: CMS930086 Allegations: ALLEGED VIOLATION OF PART V SECTION 2 (D) OF SCHEDULE D FOR ENTERING NASDAQ QUOTATIONS CONTAINING EXCESS SPREADS. Current Status: Final Resolution: Decision Resolution Date: 04/19/1994 Sanctions Ordered: Monetary/Fine NASD BrokerCheck October 14, 2005 Page 201 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Monetary Amount: $3,000.00 Resolution Details: $3000 FINE Summary: ****** REGULATORY ACTION (261 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 04/12/1994 Initiated By: VERMONT SECURITIES DIVISION Date initiated: 04/12/1994 Docket/ Case Number: 93-076-S Allegations: FAILURE TO PRE-FILE ADVERTISEMENT AND OMMISSION OF PERTINENT PROSPECTUS LANGUAGE IN THE ADVERTISEMENT - 9 VSA 4234(b) Current Status: Final Resolution: Consent Resolution Date: 04/12/1994 Sanctions Ordered: Monetary/Fine Monetary Amount: $1,250.00 Resolution Details: CONSENT ORDER SETTLEMENT - FINED $1250, COSTS $500 Summary: CONTACT: ENFORCEMENT ATTORNEY 802-828-3420 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: VERMONT SECURITIES DIVISION Date initiated: 04/01/1994 Docket/ Case Number: 93-076-S Allegations: ALLEGED THAT CERTAIN ADVERTISING MATERIAL HAD NOT BEEN PRE-FILED WITH THE STATE AND OMITTED CERTAIN REQUIRED LANGUAGE. Current Status: Final Resolution: Other Resolution Date: 04/12/1994 Sanctions Ordered: Monetary/Fine Monetary Amount: $1,750.00 Resolution Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, THE FIRM AGREED TO PAY $1,750 IN FINES AND COSTS Summary: ****** REGULATORY ACTION (262 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 02/04/1994 Initiated By: ALABAMA SECURITIES COMMISISON 770 WASHINGTON STREET*See FAQ #1* Date initiated: 02/04/1994 NASD BrokerCheck October 14, 2005 Page 202 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Docket/ Case Number: S89-0008 Allegations: PAINEWEBBER ENTERED INTO A CONSENT ORDER THAT REQUIRES THE COMPANY TO INSTITUTE NEW TRADING PROCEDURES INITS BIRMINGHAM, ALABAMA OFFICE, OBTAIN A REVIEW OF ITS PROCEDURES BY AN OUTSIDE CONSULTANT, CONDUCT A TRAINING SEMINAR FOR ALL SUPERVISORY AND MANAGERIAL EMPLOYEES, PAY SATISFACTORY RESTITUTION TO THE VI TIMS IN THE CASE AND PAY $87,000 TO THE ASC AS PARTIAL REIMBURSEMENT FOR THE COMMISSION'S INVESTIGATION COSTS. Current Status: Final Resolution: Consent Resolution Date: 02/04/1994 Sanctions Ordered: Disgorgement/Restitution Resolution Details: SAME AS ALLEGATIONS Summary: SAME AS ALLEGATIONS CONTACT: ROBERT L. PRINCE, DEPUTY DIRECTOR, 205-242-2984 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: ALABAMA SECURITIES DIVISION Date initiated: 02/01/1994 Docket/ Case Number: S89-0008 Allegations: ALLEGED THAT CERTAIN TRADING ACTIVITY IN PAINEWEBBER'S BIRMINGHAM, ALABAMA BRANCH OFFICE VIOLATED APPLICABLE REGULATIONS. Current Status: Final Resolution: Other Resolution Date: 02/01/1994 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution Monetary Amount: $87,000.00 Resolution Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, THE FIRM UNDERTOOK TO MAKE APPROPRIATE RESTITUTION, PAY $87,000 TOWARDS THE STATE'S INVESTIGATIVE COSTS, AND IMPLEMENT ADDITIONAL REMEMDIAL MEASURES. Summary: ****** REGULATORY ACTION (263 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 01/25/1994 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 01/25/1994 Docket/ Case Number: C02930046 Allegations: Current Status: Final Resolution: Consent Resolution Date: 01/25/1994 NASD BrokerCheck October 14, 2005 Page 203 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $50,000.00 Resolution Details: Summary: ON JANUARY 25, 1994, DISTRICT NO. 2 NOTIFIED RESPONDENTS PAINEWEBBER, INC. JOHN L SHERMAN AND JOHN K. COOLIDGE THAT THE LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. C02930046 WAS ACCEPTED; THEREFORE, THE FIRM IS CENSURED AND FINED $50,000; RESPONDENT SHERMAN IS CENSURED, FINED $20,000, AND PRIOR TO ASSOCIATING WITH ANY NASD MEMBER AS A PRINCIPAL, SHALL BE REQUIRED TO REQUALIFY AS SUCH; AND, RESPONDENT COOLIDGE IS CENSURED, FINED $10,000, AND REQUIRED TO REQUALIFY AS A GENERAL SECURITIES SALES SUPERVISOR (SERIES 8) BY THE END OF 90 DAYS FROM THE DATE THIS LETTER WAS ACCEPTED. SHOULD RESPONDENT COOLIDGE FAIL TO REQUALIFY BY THAT TIME, HE WILL BE SUSPENDED IN THAT CAPACITY UNTIL SUCH TIME AS HE PASSES THE SERIES 8 EXAMINATION - (ARTICLE III, SECTIONS 1 AND 27 OF THE RULES OF FAIR PRACTICE - RESPONDENT MEMBER, ACTING THROUGH RESPONDENTS SHERMAN AND COOLIDGE, FAILED TO SUPERVISE THE ACTIVITIES OF TWO OF ITS REGISTERED REPRESENTATIVES PROPERLY). ***$50,000 PAID ON 4/5/94 INVOICE #94-02-111*** *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASD DISTRICT 2 Date initiated: 01/01/1994 Docket/ Case Number: AWC NO. C02930046 Allegations: ALLEGED THAT PAINEWEBBER FAILED TO SUPERVISE TWO REGISTERED REPRESENTATIVES Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 01/01/1994 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $50,000.00 Resolution Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, THE FIRM AGREED TO CENSURE AND $50,000 FINE. TWO OF THE FIRM'S EMPLOYEES CHARGED WITH SUPREVISING THE ACTIVITIES IN QUESTION WERE ALSO CENSURED AND FINED. Summary: ****** REGULATORY ACTION (264 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 12/28/1993 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 12/28/1993 Docket/ Case Number: C10930097 Allegations: Current Status: Final Resolution: Consent Resolution Date: 12/28/1993 Sanctions Ordered: Monetary/Fine, Censure NASD BrokerCheck October 14, 2005 Page 204 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Monetary Amount: $7,500.00 Resolution Details: Summary: ON DECEMBER 28, 1993, DISTRICT NO. 10 NOTIFIED PAINEWEBBER INCORPORATED THAT THE LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. C10930097 WAS ACCEPTED; THEREFORE, RESPONDENT MEMBER IS CENSURED AND FINED $7,500 - (ARTICLE III, SECTIONS 1 AND 35(c) AND (d) OF THE RULES OF FAIR PRACTICE, SECTION 8 OF THE GOVERNMENT SECURITIES RULES, AND MSRB RULE G-21 - IN 18 INSTANCES, CERTAIN ADVERTISEMENTS AND SALES LITERATURE WERE PREPARED AND DISTRIBUTED BY ACCOUNT EXECUTIVES IN VARIOUS BRANCH OFFICES OF RESPONDENT MEMBER, SOME OF WHICH, WERE NOT SUBMITTED TO THE RESPECTIVE BRANCH MANAGER FOR APPROVAL; AND, IN THREE INSTANCES, ADVERTISEMENTS OR SALES LITERATURE WERE PREPARED AND APPROVED BY DEPARTMENTS WITHIN THE MAIN OFFICE OF RESPONDENT MEMBER). *$7,500.00 PAID ON 2/7/94 INVOICE #94-10-48** *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASD Date initiated: 12/01/1993 Docket/ Case Number: AWC NO. C10930097 Allegations: ALLEGED THAT CERTAIN REGISTERED REPRESENTATIVES EMPLOYED BY PAINEWEBBER HAD, ON OCCASION USED CERTAIN ADVETTISING AND SALES LITERATURE THAT HAD NOT BEEN PROPERLY REVIEWED AND APPROVED. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 12/01/1993 Sanctions Ordered: Monetary/Fine Monetary Amount: $7,500.00 Resolution Details: WITHOUT ADMITTING OR DENYING THE ALLEGED VIOLATIONS, FIRM AGREED TO A CENSURE AND $7500 FINE Summary: ****** REGULATORY ACTION (265 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 10/25/1993 Initiated By: MARYLAND DIVISION OF SECURITIES Date initiated: 10/25/1993 Docket/ Case Number: BD-93-0278 Allegations: BASED UPON INFORMATION SUBMITTED BY PAINEWEBBER, THE DIVISION CONCLUDED THAT FROM A PERIOD BEGINNING 3/25/93, PAINEWEBBER PERMITTED JOSEPH ANTHONY LaFERLA TO EFFECT TRANSACTIONS AT DURING WHICH TIME HIS AGENT REGISTRATION WAS NOT EFFECTIVE IN MARYLAND. Current Status: Final Resolution: Consent Resolution Date: 10/25/1993 Sanctions Ordered: Monetary/Fine Monetary Amount: $2,500.00 NASD BrokerCheck October 14, 2005 Page 205 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution Details: THE COMMISSIONER ACCEPTED A CONSENT ORDER IN SETTLEMENT OF THIS PROCEEDING IN ADDITION TO THE PAYMENT OF A FINE IN THE AMOUNT OF $2500.00. Summary: JOSEPH ANTHONY LaFERLA'S REGISTRATION WAS MADE EFFECTIVE 10/25/93. CONTACT: ELLEN E. CHERRY, (410) 576-6494. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: MARYLAND DIVISION OF SECURITIES Date initiated: 10/01/1993 Docket/ Case Number: BD-93-0278 Allegations: ALLEGED THAT ONE OF PAINEWEBBER'S REGISTERED REPRESENTATIVES DOING BUSINESS IN THE STATE HAD NOT BEEN PROPERLY REGISTERED AT ALL RELEVANT TIMES. Current Status: Final Resolution: Consent Resolution Date: 10/01/1993 Sanctions Ordered: Monetary/Fine Monetary Amount: $250.00 Resolution Details: PAINEWEBBER INCORPORATED CONSENTED TO ENTRY OF AN ORDER BY THE MARYLAND DIVISION OF SECURITIES ALLEGING THAT ONE OF S REGISTERED REPRESENTATIVES DOING BUSINESS IN THE STATE HAD NOT BEEN PROPERLY REGISTERED AT ALL RELEVANT TIMES. THE FIRM AGREED TO PAY A $250 FINE. Summary: ****** REGULATORY ACTION (266 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 08/26/1993 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 04/12/1993 Docket/ Case Number: CMS930026 AWC Allegations: Current Status: Final Resolution: Consent Resolution Date: 08/26/1993 Sanctions Ordered: Monetary/Fine Monetary Amount: $2,000.00 Resolution Details: Summary: MARKET SURVEILLANCE COMPLAINT NO. CMS930026 AWC: THE FOLLOWING LETTER OF ACCEPTANCE, WAIVER AND CONSENT (AWC) FILED ON 4/12/93, ALLEGES VIOLATIONS OF PART VI, SECTION 2(d) OF SCHEDULE D FOR ENTERING NASDAQ QUOTATIONS CONTAINING EXCESS SPREADS, ACCEPTED BY MSC ON 7/19/93, AND BY NBCC ON 8/26/93. FINE $2,000. **$2,000.00 PAID ON 9/30/93 INVOICE #93-MS-678** *********************************** Reporting Source: Brokerage Firm (Form BD) NASD BrokerCheck October 14, 2005 Page 206 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date Reported: Initiated By: NASD MARKET SURVEILLANCE COMMITTEE Date initiated: 06/01/1993 Docket/ Case Number: UNKNOWN Allegations: ENTERING QUOTATIONS INTO THE NASDAQ SYSTEM IN THE SECURITIES OF CAMBRIDGE TECHNOLOGY PARTNERS THAT WERE NOT REASONABLY RELATED TO THE PREVAILING MARKET. Current Status: Final Resolution: Consent Resolution Date: 08/01/1993 Sanctions Ordered: Monetary/Fine Monetary Amount: $2,000.00 Resolution Details: PAINE WEBBER WITHOUT ADMITTING OR DENYING THE ALLEGATIONS CONSENTED TO THE IMPOSITION OF A MONETARY FINE IN THE AMOUNT OF $2,000.00. Summary: ****** REGULATORY ACTION (267 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 07/12/1993 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 07/12/1993 Docket/ Case Number: C04920072 Allegations: Current Status: Final Resolution: Consent Resolution Date: 07/12/1993 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $8,000.00 Resolution Details: Summary: ON JULY 12, 1993, DISTRICT NO. 4 NOTIFIED PAINEWEBBER INCORPORATED THAT THE LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. C04920072 WAS ACCEPTED; THEREFORE, RESPONDENT MEMBER IS CENSURED AND FINED $8,000 - (ARTICLE III, SECTION 1 OF THE RULES OF FAIR PRACTICE - RESPONDENT MEMBER, ACTING THROUGH VARIOUS ASSOCIATED PERSONS, FAILED TO RESPOND IN A TIMELY FASHION TO NASD REQUESTS FOR INFORMATION MADE PURSUANT TO ARTICLE IV, SECTION 5 OF THE RULES OF FAIR PRACTICE IN CONNECTION WITH THREE CUSTOMER COMPLAINTS AND TWO TERMINATIONS FOR CAUSE; AND, FAILED TO TIMELY FILE AMENDMENTS TO UNIFORM APPLICATIONS FOR SECURITIES INDUSTRY REGISTRATION FORMS U-4 AND FORMS U-5 ON SIX SEPARATE OCCASIONS). ***$8,000 PAID ON 8/24/93 INVOICE #93-04-5888*** *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASD-DISTRICT 4 Date initiated: 07/12/1993 Docket/ NASD BrokerCheck October 14, 2005 Page 207 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Case Number: C04920072 Allegations: PWI FAILED TO RESPOND TO INFORMATION REQUESTS IN A TIMELY MANNER REGARDING 3 CUSTOMER COMPLAINTS & 2 TERMINIATIONS AND FAILED TO TIMELY FILE AMENDMENTS TO UNIFORM APPLICATION FOR SECURITIES INDUSTRY REGISTRATION ON SIX SEPARATE OCCASIONS Current Status: Final Resolution: Consent Resolution Date: 07/12/1993 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $8,000.00 Resolution Details: PAINEWEBBER, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, CONSENTED TO THE IMPOSITION OF A CENSURE AND MONETARY FINE OF $8,000 Summary: ****** REGULATORY ACTION (268 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 07/07/1993 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 03/31/1993 Docket/ Case Number: CMS930016 AWC Allegations: Current Status: Final Resolution: Consent Resolution Date: 07/07/1993 Sanctions Ordered: Monetary/Fine Monetary Amount: $1,000.00 Resolution Details: Summary: 7/9/93: MARKET SURVEILLANCE COMMITTEE COMPLAINT #CMS930016 AWC (A) LETTER OF ACCEPTANCE, WAIVER AND CONSENT FILED MARCH 31, 1993 AGAINST RESPONDENT MEMBER PAINEWEBBER INCORPORATED ALLEGING VIOLATIONS OF PART VI, SECTION 2(d) OF SCHEDULE D FOR ENTERING NASDAQ QUOTATIONS CONTAING EXCESS SPREADS. THE LETTER OF ACCEPTANCE, WAIVER AND CONSENT WAS ACCEPTED BY THE MARKET SURVEILLANCE COMMITTEE COMPLAINT ON 6/3/93 AND BY THE NATIONAL BUSINESS CONDUCT COMMITTEE ON JULY 7, 1993. *$1,000.00 FINE* ***$1,000.00 PAID ON 8/16/93 INVOICE #93-12-567*** *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 02/26/2003 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 03/31/1993 Docket/ Case Number: CMS930016 AWC Allegations: VIOLATION OF PART VI, SECTION 2(D) OF SCHEDULE D FOR ENTERING NASDAQU QUOTATIONS CONTAINING EXCESS SPREADS. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) NASD BrokerCheck October 14, 2005 Page 208 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution Date: 07/07/1993 Sanctions Ordered: Monetary/Fine Monetary Amount: $1,000.00 Resolution Details: DUE TO THE AGE OF THE ITEM, ADDITIONAL SANCTION DETAIL IS UNAVAILABLE. Summary: ****** REGULATORY ACTION (269 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 03/05/1993 Initiated By: HEARING BOARD Date initiated: 03/05/1993 Docket/ Case Number: 92-187 Allegations: EXERCISED CONVERSION RIGHTS OF CUSTOMERS; SECURITIES WITHOUT THEIR AUTHORIZATION; EXERCISED CUSTOMERS' EXPIRING RIGHTS AND WARRANTS WITHOUT THEIR AUTHORIZATION; AND VIOLATED SEC REGULATION 240.17(a)(3) BY FAILING TO MAKE AND KEEP CURRENT CERTAIN BOOKS AND RECORDS. Current Status: Final Resolution: Consent Resolution Date: 03/05/1993 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $65,000.00 Resolution Details: CONSENT TO CENSURE, $65,000 FINE AND AN UNDERTAKING. Summary: CONSENTED TO CENSURE--DECISION IS EFFECTIVE IMMEDIATELY. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NEW YORK STOCK EXCHANGE HEARING BOARD Date initiated: 03/05/1993 Docket/ Case Number: 92-187 Allegations: ALLEGED THAT PWI EXERCISED CONVERSION RIGHTS OF CUSTOMERS SECURITIES WITHOUT THEIR AUTHORIZATION; EXERCISED CUSTOMERS EXPIRING RIGHTS AND WARRANTS WITHOUT THEIR AUTHORIZATION; VIOLATED SEC RGULATION 240.17(A)(3) BY FAILING TO MAKE AND KEEP CURRENT BOOKS AND RECORDS Current Status: Final Resolution: Decision Resolution Date: 03/05/1993 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $65,000.00 Resolution Details: CENSURE; PAID $65,000 FINE AND AN UNDERTAKING Summary: NASD BrokerCheck October 14, 2005 Page 209 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) ****** REGULATORY ACTION (270 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 02/18/1993 Initiated By: AL Date initiated: 02/18/1993 Docket/ Case Number: SC-93-0020 Allegations: ON 02/18/93 AN ORDER TO SHOW CAUSE WHY REGISTRATION AS A DEALER OR ISSUER OF SECURITIES SHOULD NOT BE REVOKED WAS ISSUED TO PAINEWEBBER INCORPORATED CHARGING THAT PAINEWEBBER FAILED AND NEGLECTED TO ESTABLISH, MAINTAIN, AND/OR ENFORCE WRITTEN SUPERVISORY PROCEDURES WHICH WOULD ENABLE THEM TO EXERCISE REASONABLE AND PROPER SUPERVISION OF THEIR EMPLOYEES AND REGISTERED REPRESENTATIVES. DURING THE PERIOD OF 12/87 THROUGH 03/88, PAINEWEBBER EMPLOYEES EXERCISED DISCRETIONARY POWER IN A CUSTOMER'S ACCOUNT WITHOUT PRIOR WRITTEN AUTHORIZATION AND OBTAINED PERSONAL LOANS FROM CUSTOMERS. Current Status: Pending Summary: SEE ALLEGATIONS *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: ALABAMA SECURITIES Date initiated: 02/18/1993 Docket/ Case Number: SC-93-0020 Allegations: PWI FAILED AND NEGLECTED TO ESTABLISH, MAINTAIN AND/OR ENFORCE WRITTEN SUPERVISORY PROCEDURES WHICH WOULD ENABLE THEM TO EXERCISE REASONABLE AND PROPER SUPERVISION OF THEIR EMPLOYEES AND REGISTERED REPRESENTATIVES. DURING THE PERIOD OF 12/87-3/88, PWI EMPLOYEES EXERCISED DISCRETIONARY POWER IN A CUSTOMER'S ACCOUNT WITHOUT PRIOR WRITTEN AUTHORIZATION AND OBTAINED PERSONAL LOANS FROM CUSTOMERS. Current Status: Final Resolution: Consent Resolution Date: 02/04/1994 Sanctions Ordered: Monetary/Fine Monetary Amount: $87,000.00 Resolution Details: PAINEWEBBER CONSENTED TO AN EXTRA REVIEW OF ALL ORDER TICKETS FOR A PERIOD OF TWO (2) YEARS AND PAYMENT OF $87,000.00 TO COVER COSTS OF INVESTIGATION. PAINEWEBBER MUST ALSO ATTEST THAT NEW POLICIES AND PROCEDURES HAVE BEEN IMPLEMENTED AND THAT ALL SUPERVISORS OF THE BIRMINGHAM, AL OFFICE HAVE ATTENDED A TWO (2) DAY SEMINAR APPRISING THEM OF THESE NEW POLICIES AND PROCEDURES. Summary: ****** REGULATORY ACTION (271 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 06/30/2000 Initiated By: SECURITIES AND EXCHANGE COMMISSION Date initiated: 02/18/1993 Docket/ Case Number: NASD BrokerCheck October 14, 2005 Page 210 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Allegations: FAILED REASONABLY TO SUPERVISE REGISTERED REPRESENTATIVES ENGAGED IN SALES PRACTICE ABUSES, INCLUDING UNSUITABLE AND EXCESSIVE TRADING, MISREPRESENTATIONS AND OMISSIONS TO STATE MATERIAL FACTS TO CLIENTS AND MISAPPROPRIATION OF MONEY FROM CUSTOMER ACCOUNTS; Current Status: Final Resolution: Consent Resolution Date: 02/18/1993 Sanctions Ordered: Censure Resolution Details: CENSURES PAINEWEBBER AND REQUIRES SEVERAL UNDERTAKINGS, INCLUDING A PROHIBITION AGAINST OPENING NEW ACCOUNTS FOR 30 DAYS AT THE FOUR OFFICES THAT WERE INVOLVED IN THE SALES PRACTICE VIOLATIONS, AND THE HIRING OF AN INDEPENDENT CONSULTANT TO REVIEW PROCEDURES RELATING TO SALES OF RESTRICTED SECURITIES AND SALES PRACTICES AT PAINEWEBBER. Summary: [TOP] +2/23/93+ SEC NEWS DIGEST, ISSUE 93-31, DATED 02/18/1993 ADMINISTRATIVE PROCEEDINGS DISCLOSES: SEC ANNOUNCED THE ENTRY OF AN ORDER INSTITUTING PUBLIC ADMINISTRATIVE PROCEEDINGS, MAKING FINDINGS AND IMPOSING REMEDIAL SANCTIONS AGAINST PAINEWEBBER INCORPORATED (PAINEWEBBER) AND ACCEPTING THE OFFER OF SETTLMENT SUBMITTED BY PAINEWEBBER. PAINEWEBBER CONSENTED TO THE ISSUANCE OF THE ORDER WITHOUT ADMITTING OR DENYING SEC?S FINDINGS THAT PAINWEBBER FAILED REASONABLY TO SUPERVISE REGISTERED REPRESENTATIVES AT OFFICES IN BIRMINGHAM, ALABAMA, BEVERLY HILLS, CALIFORNIA, NORTHBROOK, ILLINOIS, OAK BROOK, ILLINOIS AND HOUSTON, TEXAS. FROM 11/1986 THROUGH 06/1988, VARIOUS REGISTERED REPRESENTATIVES AT OFFICES ENGAGED IN SALES PRACTICE ABUSES, INCLUDING UNSUITABLE AND EXCESSIVE TRADING, MISREPRESENTATIONS AND OMISSIONS TO STATE MATERIAL FACTS TO CLIENTS AND MISAPPROPRIATION OF MONEY FROM CUSTOMER ACCOUNTS; AND ENTERED ORDERS FOR INDEX OPTIONS WITHOUT DESIGNATING THE ACCOUNT TO WHICH THE ORDERS RELATED UNTIL AFTER THE VALUE OF THE INDEX OPTIONS ROSE OR DECLINED AND THEN ALLOCATED THE PROFITABLE TRADE TO HIS OWN ACCOUNT OR TO OTHER PARTICIPANTS IN THE SCHEME AND THE LOSING TRADES TO TWO CUSTOMER ACCOUNTS. FROM 08/1989 THROUGH 10/1990, A REGISTERED REPRESENTATIVE AT THE NORTHBROOK OFFICE ENGAGED IN VIOLATIONS OF THE REGISTRATION PROVISIONS OF THE FEDERAL SECURITIES LAWS. PAINEWEBBER FAILED REASONABLY TO SUPERVISE THE REGISTERED REPRESENTATIVES WITH A VIEW TOWARD PREVENTING THEIR VIOLATIONS OF THE SECURITIES LAWS WITHIN THE MEANING OF SECTION 15(B)(4)(E)(II) OF THE EXCHANGE ACT. SEC?S ORDER CENSURES PAINEWEBBER AND REQUIRES SEVERAL UNDERTAKINGS, INCLUDING A PROHIBITION AGAINST OPENING NEW ACCOUNTS FOR 30 DAYS AT THE FOUR OFFICES THAT WERE INVOLVED IN THE SALES PRACTICE VIOLATIONS, AND THE HIRING OF AN INDEPENDENT CONSULTANT TO REVIEW PROCEDURES RELATING TO SALES OF RESTRICTED SECURITIES AND SALES PRACTICES AT PAINEWEBBER. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 03/03/2003 Initiated By: SECURITIES AND EXCHANGE COMMISSION Date initiated: 02/18/1993 Docket/ Case Number: UNKNOWN Allegations: ALLEGATIONS THAT THE FIRM FAILED TO SUPERVISE REGISTERED REPRESNEATIVES ENGAGED IN SALES PRACTICE ISSUES. Current Status: Final Resolution: Consent Resolution Date: 02/18/1993 Sanctions Ordered: Censure Other Sanctions: PROHIBITION AGAINST OPENING NEW ACCOUNTS FOR 30 DAYS AT FOUR OFFICES INVOLVED IN THE ALLEGATIONS. Resolution Details: DUE TO THE AGE OF THE ITEM, ADDITIONAL SANCTION DETAIL IS NASD BrokerCheck October 14, 2005 Page 211 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) UNAVAILABLE. Summary: WITHOUT ADMITTING OR DENYING THE SECS' FINDINGS, THE FIRM CONSENTED TO THE ORDER. ****** REGULATORY ACTION (272 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 04/24/1992 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 02/11/1992 Docket/ Case Number: CMS920007-AWC Allegations: Current Status: Final Resolution: Consent Resolution Date: 04/24/1992 Sanctions Ordered: Monetary/Fine Monetary Amount: $500.00 Resolution Details: Summary: 4/30/92: MARKET SUVRVEILLANCE COMMITTEE COMPLAINT #CMS920007-AWC (A): LETTER OF ACCEPTANCE, WAIVER AND CONSENT FILED FEBRUARY 11, 1992 AGAINST RESPONDENT MEMBER PAINEWEBBER INCORPORATED ALLEGEING VIOLATIONS OF PART IV, SECTION 2(B) OF SCHEDULE D FOR BACKING AWAY: THE LETTER OF ACCEPTANCE, WAIVER AND CONSENT WAS ACCEPTED BY THE MARKET SURVEILLANCE COMMITTEE ON MARCH 18, 1992 AND BY THE NATIONAL BUSINESS CONDUCT COMMITTEE ON APRIL 24, 1992. ***$500.00 FINE*** **$500.00 PAID ON 6/12/92 INVOICE #92-MS-441** *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASD INC. SURVEILLANCE COMMITTEE Date initiated: 02/01/1992 Docket/ Case Number: CMS-9200007-AWC Allegations: IT WAS ALLEGED THAT PAINEWEBBER A MARKET MAKER IN THE STOCK OF ROADWAY SERVICES, INC., HAD BACKED-AWAY FROM A MARKET QUOTATION WHICH PAINEWEBBER HAD DISPLAYED FOR THE ISSUE ON THE NASDAQ SYSTEM ON DECEMBERR 11, 1991, IN VIOLATION OF PART IV, SECTION 2(B) OF SCHEDULE D OF THE ASSOCIATION'S BY-LAWS. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 02/01/1992 Sanctions Ordered: Monetary/Fine Monetary Amount: $500.00 Resolution Details: IN FEBRUARY 1992, PAINEWEBBER INCORPORATED ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT ("AWC") WITH THE NATIONAL ASSOCIATION OF SECURITIES DEALERS INC. ("NASD") SURVEILLANCE COMMITTEE (CMS-9200007-AWC), WHEREBY PAINEWEBBER WITHOUT ADMITTING OR DENYING VARIOUS ALLEGED VIOLATIONS, CONSENTED TO PAY A FINE OF $500.00. Summary: NASD BrokerCheck October 14, 2005 Page 212 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) ****** REGULATORY ACTION (273 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 01/10/1992 Initiated By: HEARING PANEL Date initiated: 11/18/1991 Docket/ Case Number: 91-192 Allegations: PERMITTED OR FAILED TO PREVENT SOLICITATION AND RECOMMENDATION BY ONE OR MORE REGISTERED REPRESENTATIVES OF CUSTOMER PURCHASES OF ONE OR MORE SECURITIES UNSUITABLE FOR THE CUSTOMERS; VIOLATED EXCHANGE RULE 723 BY PERMITTING OR FAILING TO PREVENT THE RECOMMENDATION BY ONE OR MORE OF ITS REGISTERED REPRESENTATIVES OF UNSUITABLE OPTIONS TRANSACTIONS FOR CUSTOMERS; VIOLATED EXCHANGE RULE 431(f)(7), (8) and (9) AND REGULATION T BY PERMITTING CUSTOMERS AND EMPLOYEES TO ENGAGE IN PRACTICES, OR FAILING TO CANCEL OR OTHERWISE LIQUIDATE TRANSACTIONS; IN THEIR ACCOUNTS, PROHIBITED BY SUCH RULE AND REGULATION; VIOLATED EXCHANGE RULE 351 BY FAILING TO MAKE TIMELY REPORTS OF CERTAIN EVENTS; VIOLATED EXCHANGE RULE 342 BY FAILING TO CONDUCT ANNUAL SUPERVISORY BRANCH OFFICE INSPECTIONS, FAILING TO MAINTAIN ADEQUATE WRITTEN TABLES OF SUPERVISION, AND FAILING TO MAINTAIN APPROPRIATE PROCEDURES FOR SUPERVISION AND CONTROL OF SALES PRACTICES ACTIVITIES. Current Status: Final Resolution: Consent Resolution Date: 01/10/1992 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $900,000.00 Resolution Details: CONSENT TO CENSURE, FINES TOTALLING $900,000, AND SPECIAL INTERNAL REVIEW OF SALES PRACTICE POLICIES AND PROCEDURES. Summary: DECISION IS NOW FINAL. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NEW YORK STOCK EXCHANGE, INC. Date initiated: 11/18/1991 Docket/ Case Number: UNKNOWN Allegations: ALLEGED THAT THE FIRM ENGAGED IN CONDUCT INCONSISTENT WITH JUST AND EQUITABLE PRINCIPALS OF TRADE ON VARIOUS OCCASIONS DURING 1984-87; VIOLATED NYSE RULE 723 ON VARIOUS OCCASIONS DURING 1984-87; VIOLATED NYSE RULE 431 (F)(7)(8)(9) AND SECTION 220.8 OF REGULATION T ON VARIOUS OCCASIONS DURING 1984-87; VIOLATED NYSE RULE 351 DURING 1987-90; AND VIOLATED NYSE RULE 342(A) AND (B) BY FAILING TO CONDUCT SUPERVISORY BRANCH OFFICE INSPECTIONS AT LEAST ANNUALLY (1985-88), FAILING TO MAINTAIN ADEQUATE WRITTEN TABLES OF SUPERVISION (1984-88) AND FAILING TO MAINTAIN APPROPRIATE PROCEDURES FOR SUPERVISION AND CONTROL OF SALES PRACTICE ACTIVITIES (1984-88). Current Status: Final Resolution: Stipulation and Consent Resolution Date: 01/10/1992 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $900,000.00 Resolution Details: FOLLOWING A STIPULATION OF FACTS AND CONSENT TO PENALTY, A HEARING PANEL OF THE NEW YORK STOCK EXCHANGE, INC. RENDERED A NASD BrokerCheck October 14, 2005 Page 213 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) DECISION, DATED NOVEMBER 18, 1991 (NOTICE OF FINALITY SERVED JANUARY 10, 1992). THE DECISION NAMED AS RESPONDENT PAINEWEBBER INCORPORATED AND IT'S PRESENT AND FORMER EMPLOYEES LEE HAROLD LOVEJOY, SHELDON ALAN CHAIKEN, ROBERT BRADLEY FULLER, DAVID WARE STRANGER, GARY PRICE EVANS, JOHN ARNOLD MCFERRAN, DONALD DELIA DEST, BURGESS ASKEW DAVIS AND WILLIAM OGRAM WEBSTER JR. THE NYSE CENSURED THE FIRM, ORDERED IT TO PAY FINES TOTALLING $900,000.00 (INCLUDING A FINE OF $800,000.00 ASSESSED AGAINST THE FIRM AND A CONTRIBUTION OF $100,000.00 TOWARD THE FINES ASSESSED AGAINST INDIVIDUAL SUPERVISORS) AND DIRECTED IT TO CONDUCT AN INTERNAL REVIEW OF PROCEDURES Summary: THE NYSE FOUND THAT THE FIRM ENGAGED IN CONDUCT INCONSISTENT WITH JUST AND EQUITABLE PRINCIPALS OF TRADE ON VARIOUS OCCASIONS DURING 1984-87; VIOLATED NYSE RULE 723 ON VARIOUS OCCASIONS DURING 1984-87; VIOLATED NYSE RULE 431 (F)(7)(8)(9) AND SECTION 220.8 OF REGULATION T ON VARIOUS OCCASIONS DURING 1984-87; VIOLATED NYSE RULE 351 DURING 1987-90; AND VIOLATED NYSE RULE 342(A) AND (B) BY FAILING TO CONDUCT SUPERVISORY BRANCH OFFICE INSPECTIONS AT LEAST ANNUALLY (1985-88), FAILING TO MAINTAIN ADEQUATE WRITTEN TABLES OF SUPERVISION (1984-88) AND FAILING TO MAINTAIN APPROPRIATE PROCEDURES FOR SUPERVISION AND CONTROL OF SALES PRACTICE ACTIVITIES (1984-88). THE PENALITIES ASSESSED AGAINST THE INDIVIDUALS, ALL OF WHOM WERE CHARGED WITH FAILURE TO SUPERVISE, ARE REPORTED IN FORMS U-5 AND FORMS U-4 AS APPLICABLE. ****** REGULATORY ACTION (274 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 07/03/2000 Initiated By: SECURITIES AND EXCHANGE COMMISSION. Date initiated: 01/16/1992 Docket/ Case Number: Allegations: VIOLATIONS, OF SECTIO N 17(A) OF THE EXCHANGE ACT AND 17 C.F.R. &&240.17A-3 AND 240.17A-4 THEREUNDER (LAW) IN CONNECTION WITH ANY PRIMARY DISTRIBUTION OF GSE-DEBT,. Current Status: Final Resolution: Order Resolution Date: 01/16/1992 Sanctions Ordered: Cease and Desist/Injunction Other Sanctions: MAINTAIN OR DEVELOP, IMPLEMENT AND, THEREAFTER, MAINTAIN POLICIES AND PROCEDURES (PPS) REASONABLY DESIGNED TO ENSURE FUTURE COMPLIANCE WITH THE LAW. THE PPS MAY BE MODIFIED, PROVIDED SUCH MODIFICATIONS ARE REASONABLY DESIGNED TO ENSURE PAINEWEBBER'S FUTURE COMPLIANCE WITH THE LAW, AND SUCH PPS SHALL BE AVAILABLE FOR SEC INSPECTION. Resolution Details: CIVIL PENALTY OF $100,000.00 Summary: [TOP] +3/12/92+ SEC NEWS DIGEST, ISSUE 92-11, DATED 01/16/1992 ADMINISTRATIVE PROCEEDINGS DISCLOSES: SEC ANNOUNCED ADMINISTRATIVE PROCEEDINGS INSTITUTED JOINTLY BY SEC, THE OFFICE OF THE COMPTROLLER OF THE CURRENCY (OCC) AND THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (FRB) AGAINST 98 REGISTERED BROKER-DEALERS, REGISTERED GOVERNMENT SECURITIES BROKERS AND/OR AND BANKS (RESPONDENTS); THE ISSUANCE OF SEC, OCC AND FRB ORDERS IMPOSING SANCTIONS, WHICH INCLUDE PROVISIONS DIRECTING THE RESPONDENTS TO CEASE AND DESIST FROM COMMITTING FUTURE VIOLATIONS AND REQUIRING THE PAYMENT OF CIVIL PENALTIES TO THE US TREASURY IN THE TOTAL AMOUNT OF $5,165,000; AND SEC?S ISSUANCE OF A REPORT PURSUANT TO SECTION 21(A) OF THE SECURITIES EXCHANGE ACT OF 1934 (?34 ACT) REGARDING THE DISTRIBUTION OF CERTAIN DEBT (DEBT) SECURITIES ISSUED BY GOVERNMENT-SPONSORED ENTERPRISES (GSE?S). (RELS. 34-30192 - 34-30251) +3/20/92+ SEC DOCKET VOLUME 50 NO. 12, DATED 01/28/1992 DISCLOSES ADMINISTRATIVE FILE NO. 3-7646 PAGES 1183 & 1184; IT IS HEREBY ORDERED THAT PAINEWEBBER SHALL CEASE AND DESIST FROM COMMITTING OR CAUSING ANY VIOLATION, AND FROM COMMITTING OR CAUSING ANY FUTURE VIOLATIONS, OF SECTIO N 17(A) OF THE EXCHANGE ACT AND 17 C.F.R. &&240.17A-3 AND 240.17A-4 THEREUNDER (LAW) IN CONNECTION WITH ANY PRIMARY NASD BrokerCheck October 14, 2005 Page 214 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) DISTRIBUTION OF GSE-DEBT, SHALL PAY A CIVIL PENALTY OF $100,000.00 TO THE US TREASURY, SHALL CONTINUE TO MAINTAIN OR DEVELOP, IMPLEMENT AND, THEREAFTER, MAINTAIN POLICIES AND PROCEDURES (PPS) REASONABLY DESIGNED TO ENSURE PAINEWEBBER'S FUTURE COMPLIANCE WITH THE LAW. THE PPS MAY BE MODIFIED, PROVIDED SUCH MODIFICATIONS ARE REASONABLY DESIGNED TO ENSURE PAINEWEBBER'S FUTURE COMPLIANCE WITH THE LAW, AND SUCH PPS SHALL BE AVAILABLE FOR SEC INSPECTION. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 03/03/2003 Initiated By: SECURITIES AND EXCHANGE COMMISSION Date initiated: 01/16/1992 Docket/ Case Number: 3-7646 Allegations: ALLEGED VIOLATIONS OF SECTION 17(A) OF THE EXCHANGE ACT AND 17 C.F.R. & 240.17A-3 AND 240.17A-4. Current Status: Final Resolution: Order Resolution Date: 06/16/1992 Sanctions Ordered: Monetary/Fine, Cease and Desist/Injunction Monetary Amount: $100,000.00 Resolution Details: DUE TO THE AGE OF THE ITEM, ADDITIONAL SANCTION DETAIL IS UNAVAILABLE. Summary: THE ADMINISTRATIVE PROCEEDING WAS INSTITUTED JOINTLY BY THE SEC, THE OFFICE OF THE COMPTROLLER OF THE CURRENCY AND THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM AGAINST NINETY EIGHT BROKER DEALERS. THE $100,000.00 CIVIL PENALTY PAID BY THE FIRM WAS ASSESSED ON A $5,165,000.00 TOTAL AGAINST ALL FIRMS. ****** REGULATORY ACTION (275 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 02/28/1992 Initiated By: ALABAMA SECURITIES COMMISSION Date initiated: 02/28/1992 Docket/ Case Number: OS 92-0007 Allegations: OPERATING AS AN UNREGISTERED INVESTMENT ADVISER AND EMPLOYING UNREGISTERED INVESTMENT ADVISER REPRESENTATIVES IN THE STATE OF ALABAMA Current Status: Final Resolution: Order Resolution Date: 02/28/1992 Sanctions Ordered: Monetary/Fine Monetary Amount: $132,500.00 Resolution Details: AGREED TO PAY A FINE OF $132,500 AND $17,500 IN INVESTIGATIVE COSTS;AGREED TO ENSURE THAT ALABAMA CLIENTS ENJOYED A POSITIVE RETURN ON THEIR ACCOUNT DURING THE UNREGISTERED PERIOD;SUBMIT TO ADDITIONAL REPORTING REQUIREMENTS FOR THE NEXT 24 MONTHS. Summary: ALABAMA SECURITIES COMMISSION AND PAINEWEBBER INC ENTERED INTO A SETTLEMENT ORDER ON FEBRUARY 28, 1992. THE ALLEGATIONS WERE THAT PAINEWEBBER INC HAD OPERATED AS AN UNREGISTERED INVESTMENT ADVISER IN THE STATE OF ALABAMA. WITHOUT ADMITTING NASD BrokerCheck October 14, 2005 Page 215 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) OR DENYING THE ALLEGATIONS PAINEWEBBER INC AGREED TO PAY A FINE OF $132,500 AND INVESTIGATIVE COSTS OF $17,500, TO ENSURE THAT ALL ALABAMA CLIENTS ENJOYED A POSITIVE RETURN DURING THE PERIOD THE FIRM OPERATED AS AN UNREGISTERED INVESTMENT ADVISER AND TO PROVIDE THE COMMISSION WITH ADDITIONAL INFORMATION FOR THE NEXT 24 MONTHS WITH REGARD TO ITS INVESTMENT ADVISORY ACTIVITIES IN ALABAMA. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: ALABAMA SECURITIES DIVISION Date initiated: 02/28/1992 Docket/ Case Number: OS #92-0007 Allegations: PWI OPERATED AS AN UNREGISTERED INVESTMENT ADVISOR AND EMPLOYING UNREGISTERED INVESTMENT ADVISORS IN THE STATE OF ALABAMA Current Status: Final Resolution: Settled Resolution Date: 02/28/1992 Sanctions Ordered: Monetary/Fine Monetary Amount: $150,000.00 Resolution Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, PWI AGREED TO PAY A FINE OF $132,500 AND INVESTIGATIVE COSTS OF $17,500; AGREED TO ENSURE THA ALABAMA CLIENTS ENJOYED A POSITIVE RETURN ON THEIR ACCOUNT DURING THE UNREGISTERED PERIOD; SUBMIT TO ADDITIONAL REPORTING REQUIREMENTS FOR THE NEXT 24 MONTHS. Summary: ****** REGULATORY ACTION (276 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 12/09/1991 Initiated By: INDIANA SECURITIES DIVISION Date initiated: 12/09/1991 Docket/ Case Number: 91-0144 CA Allegations: AGENT CHRIS SHOOT SOLICITED PERSONAL LOANS FROM CLIENTS. Current Status: Final Resolution: Consent Resolution Date: 12/09/1991 Sanctions Ordered: Disgorgement/Restitution Resolution Details: THE DIVISION ENTERED INTO A CONSENT AGREEMENT WITH PAINEWEBBER WHEREBY PAINEWEBBER AGREED TO PAY THE DIVISION CIVIL PENALTIES & FULL RESTITUTION & INTEREST TO ALL PAINEWEBBER CLIENTS WHO WERE FOUND TO BE VICTIMS OF AGENT CHRIS SHOOTS' SOLICITATIONS FOR PERSONAL LOANS. SHOOT ALLEGEDLY SOLICITED 4 INDIANA CLIENTS FOR PERSONAL LOANS FOR A TOTAL AMOUNT EXCEEDING $50.000.00 . SHOOT AND PAINEWEBBER WERE NAMED IN AN ADMINISTRATIVE COMPLAINT FILED BY THE DIVISION. SHOOT HAS BEEN TERMINATED BY PAINEWEBBER AND IS NOT A PARTY TO THE CURRENT CONSENT AGREEMENT. Summary: SEE RESULTS *********************************** NASD BrokerCheck October 14, 2005 Page 216 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: INDIANA SECURITIES DIVISION Date initiated: 12/09/1991 Docket/ Case Number: 91-01-44-CA Allegations: AGENT CHRIS SHOOT SOLICITED PERSONAL LOANS FROM CLIENTS FOR A TOTAL AMOUNT EXCEEDING $50,000. SHOOT AND PAINEWEBBER WERE NAMED IN AN ADMINISTRATIVE COMPLAINT FILED BY THE DIVISION Current Status: Final Resolution: Consent Resolution Date: 12/09/1991 Sanctions Ordered: Monetary/Fine Resolution Details: THE DIVISION ENTERED INTO A CONSENT AGREEMENT WITH PAINEWEBBER WHEREBY PAINEWEBBER AGREED TO PAY THE DIVISION CIVIL PENALTIES A FULL RESTITUTION AND INTEREST TO ALL PAINEWEBBER CLIENTS WHO WERE FOUND TO BE VICTIMS OF AGENT SHOOT'S SOLICITATIONS FOR PERSONAL LOANS. SHOOT HAS BEEN TERMINATED BY PAINEWEBBER AND IS NOT A PARTY TO THE CONSENT AGREEMENT. Summary: ****** REGULATORY ACTION (277 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 06/27/1991 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 06/27/1991 Docket/ Case Number: C06900013 Allegations: Current Status: Final Resolution: Consent Resolution Date: 06/27/1991 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $5,000.00 Resolution Details: Summary: ON JUNE 27, 1991, THE LETTER OF ACCEPTANCE, WAIVER AND CONSENT C06900013 (TEX-784-AWC) (DISTRICT NO. 6) SUBMITTED BY RESPONDENT PAINEWEBBER INCORPORATED WAS ACCEPTED; THEREFORE, RESPONDENT MEMBER IS CENSURED AND FINED $5,000 - (ARTICLE III, SECTION 1 OF THE RULES OF FAIR PRACTICE - FAILED TO FILE AN ACCURATE UNIFORM TERMINATION NOTICE FOR SECURITIES INDUSTRY REGISTRATION (FORM U-5) IN THAT RESPONDENT MEMBER FAILED TO INDICATE THAT IT WAS CONDUCTING AN INVESTIGATION RELATING TO A CUSTOMER COMPLAINT AT THE TIME OF AN INDIVIDUAL'S TERMINATION). ***$5,000.00 PAID ON 9/3/91 INVOICE #91-06-771*** *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 02/26/2003 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 06/27/1991 NASD BrokerCheck October 14, 2005 Page 217 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Docket/ Case Number: C06900013 Allegations: VIOLATION OF ARTICLE III, SECTION 1 OF THE RULES OF FAIR PRACTICE, IN THAT THE FIRM FAILED TO FILE AN ACCURATE UNIFORM TERMINATION NOTICE FOR SECURITIES INDUSTRY REGISTRATION BY FAILING TO INDICATE THAT IT WAS CONDUCTING AN INVESTIGATION. Current Status: Final Resolution: Consent Resolution Date: 06/27/1991 Sanctions Ordered: Monetary/Fine Monetary Amount: $5,000.00 Resolution Details: DUE TO THE AGE OF THE ITEM, ADDITIONAL SANCTION DETIAL IS UNAVAILABLE. Summary: ****** REGULATORY ACTION (278 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 01/02/1991 Initiated By: VIRGINIA - STATE CORPORATION COMMISSION DIVISION OF SECURITIES Date initiated: 01/02/1991 Docket/ Case Number: SEC900143 Allegations: ALLEGED THAT PAINWEBBER VIOLATED THE VIRGINIA SECURITIES ACT SECTION 13.1-504B IN THAT THE FIRM EMPLOYED AN UNREGISTERED AGENT, JAMES WILSON FEINGOLD, WHO OFFERED AND SOLD SECURITIES TO A VIRGINIA RESIDENT. Current Status: Final Resolution: Consent Resolution Date: 01/02/1991 Sanctions Ordered: Resolution Details: WITHOUT ADMITTING OR DENYING ALLEGATIONS PAINEWEBBER AGREED TO MAKE AN OFFER OF RESCISSION OF SALES TO VIRGINIA RESIDENT IN TRADES EXECUTED BY THE AGENT IN QUESTION, FEINGOLD. Summary: CONTACT BRIAN SILVERMAN, BROKER-DEALER EXAMINER, 804-786-7751. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: STATE OF VIRGINIA Date initiated: 11/01/1990 Docket/ Case Number: UNKNOWN Allegations: INVESTIGATION REGARDING THE SALE OF SECURITIES IN THE STATE OF VIRGINIA Current Status: Final Resolution: Settled Resolution Date: 11/01/1990 Sanctions Ordered: Disgorgement/Restitution NASD BrokerCheck October 14, 2005 Page 218 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution Details: IN NOVEMBER, 1990, PAINEWEBBER INCORPORATED ACCEPTED A SETTLEMENT WITH THE STATE OF VIRGINIA AND AGREED TO MAKE A WRITTEN OFFER OF RECISSION TO A VIRGINIA INVESTOR WHO HAD PURCHASED A SECURITY THROUGH AN UNREGISTERED AGENT IN THE EMPLOY OF PAINEWEBBER INCORPORATED. Summary: ****** REGULATORY ACTION (279 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 08/15/1990 Initiated By: NEW MEXICO SECURITIES DIVISION Date initiated: 08/15/1990 Docket/ Case Number: 90-NR-05 Allegations: FAILURE TO PRODUCE DOCUMENTS PURSUANT TO STATUTORY INSPECTION POWER AND SUBPOENA Current Status: Final Resolution: Consent Resolution Date: 02/01/1991 Sanctions Ordered: Monetary/Fine Monetary Amount: $2,500.00 Resolution Details: Not Provided Summary: DURING INVESTIGATION FIRM FAILED TO PROVIDE DOCUMENTS AS REQUESTED BY LETTER AND SUBPOENA IN A TIMELY FASHION. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE STATE OF NEW MEXICO Date initiated: 08/01/1990 Docket/ Case Number: UNKNOWN Allegations: FAILURE TO TIMELY PRODUCE REQUESTED DOCUMENTATION. Current Status: Final Resolution: Settled Resolution Date: 02/01/1991 Sanctions Ordered: Monetary/Fine Monetary Amount: $5,000.00 Resolution Details: IN FEBRUARY OF 1991, THE STATE OF NEW MEXICO ISSUED A WITHDRAWAL OF ORDER OF ITS NOTICE OF INTENT ISSUED IN AUGUST OF 1990, THAT THE FIRM HAD NOT TIMELY PRODUCED REQUESTED DOCUMENTATION. WHILE NEITHER ADMITTING NOR DENYING THE ALLEGATIONS, THE PARTIES AGREED TO THE PAYMENT OF A $2,500.00 FINE AND ASSESSMENT OF COSTS IN THE AMOUNT OF $2,500.00. Summary: ****** REGULATORY ACTION (280 of 302) ****** Reporting Source: Regulator (Form U-6) NASD BrokerCheck October 14, 2005 Page 219 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date Reported: 09/11/1990 Initiated By: IDAHO DEPARTMENT OF FINANCE, SECURITIES BUREAU Date initiated: 09/11/1990 Docket/ Case Number: 1990-7-44 Allegations: SECURITIES SALES AND SOLICITATIONS BY AN UNLICENSED AGENT, LACK OF ADEQUATE SUPERVISION. Current Status: Final Resolution: Consent Resolution Date: 09/11/1990 Sanctions Ordered: Monetary/Fine Monetary Amount: $4,000.00 Resolution Details: AGREEMENT AND ORDER WHEREBY 1) PAINEWEBBER AGREES TO CENSURE KADZIEL, 2) ADMISSION OF SALES BY AN UNLICENSED REPRESENTATIVE, 3) REVIEW OF COMPLIANCE PROCEDURES 3) RONALD KADZIEL TO REQUALIFY BY EXAM PRIOR TO IDAHO LICENSURE, JOINT AND SEVERAL FINE OF $4000. Summary: Not Provided *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: STATE OF IDAHO Date initiated: 09/01/1990 Docket/ Case Number: UNKNOWN Allegations: INVESTIGATION RELATING TO ACTIVITIES INVOLVING THE SALE OF SECURITIES BY AN UNREGISTERED AGENT. Current Status: Final Resolution: Decision & Order of Offer of Settlement Resolution Date: 09/01/1990 Sanctions Ordered: Monetary/Fine Monetary Amount: $4,000.00 Resolution Details: IN SEPTEMBER OF 1990, THE FIRM AND ONE OF ITS SUPERVISORS ENTERED INTO AN AGREEMENT AND ORDER WITH THE STATE OF IDAHO RELATING TO ACTIVITIES INVOLVING THE SALE OF SECURITIES BY AN UNREGISTERED AGENT. THE PENALTY IMPOSED WAS A JOINT AND SEVERAL FINE OF $4,000.00 AND THAT THE SUPERVISOR WOULD NOT APPLY FOR A LICENSE IN THE STATE OF IDAHO UNTIL HE TAKES AND PASSES THE SERIES 24 OR SERIES 8 EXAMINATIONS. Summary: ****** REGULATORY ACTION (281 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 09/30/1988 Initiated By: COMMODITY FUTURES TRADE COMMISSION Date initiated: 09/30/1988 Docket/ Case Number: Unknown Allegations: NASD BrokerCheck October 14, 2005 Page 220 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Current Status: Final Resolution: Decision Resolution Date: 09/30/1988 Sanctions Ordered: Cease and Desist/Injunction Resolution Details: Summary: ^9/14/90^ SEC LITIGATION, ACTIONS AND PROCEEDINGS BULLETIN FOR THE QUARTER ENDING 3/31/89 (VOLUME 55, BULLETIN 01, PAGE 67) DISCLOSES: PAINEWEBBER INCORPORATED WAS ISSUED A CEASE AND A DESIST ORDER BY THE COMMODITY FUTURES TRADING COMMISSION ON 9/30/88. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 02/26/2003 Initiated By: COMMODITY FUTURES TRADE COMMISSION. Date initiated: 09/30/1988 Docket/ Case Number: UNKNOWN Allegations: DUE TO THE AGE OF THE ITEM, THE ALLEGATIONS ARE UNKNOWN. Current Status: Final Resolution: Decision Resolution Date: 09/30/1988 Sanctions Ordered: Cease and Desist/Injunction Resolution Details: DUE TO THE AGE OF THE ITEM, ADDITIONAL SANCTION DETAIL IS UNAVAILABLE. Summary: ****** REGULATORY ACTION (282 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 07/24/2003 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 07/20/1989 Docket/ Case Number: NY-7089 Allegations: COMPLAINT NO. NY-7089 (DISTRICT NO. 12) FILED JULY 20, 1989 AGAINST RESPONDENT PAINEWEBBER INCORPORATED AND OTHERS ALLEGING VIOLATIONS OF ARTICLE III, SECTIONS 1, 2, AND 27 OF THE RULES OF A FAIR PRACTICE IN THAT RESPONDENT MEMBER FIRM ACTING THROUGH AN INDIVIDUAL EXERCISED DISCRETIONARY AUTHORITY IN THE ACCOUNT OF A PUBLIC CUSTOMER WITHOUT HAVING REASONABLE GROUNDS TO BELIEVE THE TRANSACTIONS BEING MADE WERE SUITABLE FOR THE CUSTOMER BASED ON THE CUSTOMERS FINANCIAL SITUATION AND INVESTMENT OBJECTIVES; AND, RESPONDENT MEMBER, ACTING THROUGH AN INDIVIDUAL, FAILED TO IMPLEMENT ITS SUPERVISORY PROCEDURES TO DETECT AND PREVENT THE INDIVIDUAL'S MISCONDUCT. Current Status: Final Resolution: Consent Resolution Date: 07/17/1990 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $30,000.00 NASD BrokerCheck October 14, 2005 Page 221 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution Details: DECISION RENDERED JULY 17, 1990 CONSOLIDATING NY-7050 AND NY-7089, WHEREIN THE OFFER OF SETTLEMENT SUBMITTED BY RESPONDENT MEMBER WAS ACCEPTED; THEREFORE RESPONDENT PAINEWEBBER INC. IS CENSURED AND FINED $30,000, JOINTLY AND SEVERALLY. Summary: ****** REGULATORY ACTION (283 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 07/07/1999 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 10/03/1986 Docket/ Case Number: LA-4093 Allegations: NASD ARTICLE III, SECTIONS 1, 2, APPENDIX E, SECTION 19 AND SECTION 27 OF THE RULES OF FAIR PRACTICE IN THAT RESPONDENT MEMBER FAILED TO PROPERLY AND ADEQUATELY SUPERVISE THE ACTIVITIES OF REGISTERED REPRESENTATIVE. Current Status: Final Resolution: Decision Resolution Date: 01/27/1988 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $10,000.00 Other Sanctions: COSTS. Resolution Details: HEARING PANEL DECISION RENDERED JUNE 1, 1987, WHEREIN RESPONDENT MEMBER IS CENSURED, FINED $5,000.00 AND ASSESSED COSTS OF $1,867.25. IF NO FURTHER ACTION, DECISION WILL FINAL JULY 15, 1987. ON JULY 6, 1987, APPEALED TO THE BOARD OF GOVERNORS. THE BOARD OF GOVERNORS' DECISION RENDERED ON DECEMBER 28, 1987, WHEREIN THE FINDINGS ARE AFFIRMED AND THE SANCTIONS ARE MODIFIED; THEREFORE, RESPONDENT MEMBER IS CENSURED, FINED $10,000.00 AND ASSESSED COSTS OF $1,867.25. IF NO FURTHER ACTION, DECISION WILL FINAL JANUARY 27, 1988. THE DECISION IS NOW FINAL ON JANUARY 27, 1988. Summary: *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASD Date initiated: 06/01/1987 Docket/ Case Number: DBCC COMPLAINT #LA-4093 Allegations: NASD ALLEGED THAT PAINEWEBBER HAD FAILED TO MAINTAIN AND ENFORCE ADEQUATE SUPERVISORY PROCEDURES, IN VIOLATION OF ARTICLE III, SECTIONS 1 AND 27 OF THE ASSOCIATION'S RULES OF FAIR PRACTICE. Current Status: Final Resolution: Decision Resolution Date: 06/01/1987 Sanctions Ordered: Monetary/Fine Monetary Amount: $5,000.00 Resolution Details: PWI WAS FINED $5,000 NASD BrokerCheck October 14, 2005 Page 222 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Summary: ****** REGULATORY ACTION (284 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 12/07/1989 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 12/07/1989 Docket/ Case Number: MS-878-AWC(A) Allegations: Current Status: Final Resolution: Consent Resolution Date: 04/23/1990 Sanctions Ordered: Monetary/Fine Monetary Amount: $500.00 Resolution Details: Summary: MARKET SURVEILLANCE COMMITTEE COMPLAINT #MS-878-AWC (A): LETTER OF ACCEPTANCE, WAIVER AND CONSENT FILED DECEMBER 7, 1989 AGAINST RESPONDENT MEMBER PAINEWEBBER, INC. ALLEGING VIOLATIONS PART VI, SECTION 2(d) OF SCHEDULE D FOR ENTERING NASDAQ QUOTATIONS CONTAINING EXCESS SPREADS. THE LETTER OF ACCEPTANCE, WAIVER AND CONSENT WAS ACCEPTED BY THE MARKET SURVEILLANCE COMMITTEE ON MARCH 20, 1990 AND BY THE NATIONAL CONDUCT COMMITTEE ON APRIL 23, 1990. $500 FINE. ***$500.00 PAID ON 7/16/90 INVOICE #90-MS-564*** *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 02/26/2003 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 12/07/1989 Docket/ Case Number: MS-878-AWC(A) Allegations: ALLEGED VIOLATIONS OF PART VI, SECTION 2(D) OF SCHEDULE D FOR ENTERING NASDAQ QUOTATIONS CONTAINING EXCESS SPREADS. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 04/23/1990 Sanctions Ordered: Monetary/Fine Monetary Amount: $500.00 Resolution Details: DUE TO THE AGE OF THE ITEM, ADDITIONAL SANCTION DETAIL IS UNAVAILABLE. Summary: ****** REGULATORY ACTION (285 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 07/07/1999 Initiated By: NEW YORK STOCK EXCHANGE NASD BrokerCheck October 14, 2005 Page 223 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date initiated: 11/24/1989 Docket/ Case Number: D-NYSE-89-111 Allegations: PAINWEBBER INCOPORATED, A MEMBER ORGANIZATION OF THE EXCHANGE, VIOLATED EXCHANGE RULE 351(A)(8) IN THAT IT DID NOT PROMPTLY REPORT TO THE EXCHANGE THAT A CLAIM FORM DAMAGES BY A CUSTOMER HAD BEEN SETTLED FOR AN AMOUNT EXCEEDING $5,000 -- CONSENT TO CENSURE AND 2,500 FINE.DOCKET/CASE NO. D-NYSE-89-111, DATED 11/24/89. Current Status: Final Resolution: Consent Resolution Date: 11/24/1989 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $2,500.00 Resolution Details: PAINWEBBER INCOPORATED, A MEMBER ORGANIZATION OF THE EXCHANGE, VIOLATED EXCHANGE RULE 351(A)(8) IN THAT IT DID NOT PROMPTLY REPORT TO THE EXCHANGE THAT A CLAIM FORM DAMAGES BY A CUSTOMER HAD BEEN SETTLED FOR AN AMOUNT EXCEEDING $5,000 -- CONSENT TO CENSURE AND 2,500 FINE.DOCKET/CASE NO. D-NYSE-89-111, DATED 11/24/89. Summary: *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 02/26/2003 Initiated By: NEW YORK STOCK EXCHANGE. Date initiated: 11/24/1989 Docket/ Case Number: D-NYSE-89-111 Allegations: ALLEGED VIOLATION OF EXCHANGE RULE 351(A)(80 IN THAT THE FIRM DID NOT PROMPLTY REPORT TO THE ECHANGE THAT A CLAIM FOR DAMAGES BY A CUSTOMER HAD BEEN SETTLED IN EXCESS OF $5000.00 Current Status: Final Resolution: Consent Resolution Date: 11/24/1989 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $2,500.00 Resolution Details: DUE TO THE AGE OF THE ITEM, ADDITIONAL SANCTION DETAIL IS UNAVAILABLE. Summary: ****** REGULATORY ACTION (286 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 04/25/1989 Initiated By: CHICAGO BOARD OF OPTION EXCHANGE Date initiated: 04/25/1989 Docket/ Case Number: 89-0061 Allegations: Current Status: Final NASD BrokerCheck October 14, 2005 Page 224 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution: Consent Resolution Date: 04/25/1989 Sanctions Ordered: Monetary/Fine Monetary Amount: $5,000.00 Resolution Details: Summary: THIS CASE WAS RESOLVED BY A LETTER OF CONSENT WHEREBY RESPONDENT PAINEWEBBER, INC. DID NOT ADMIT OR DENY THAT CBOE RULES HAD BEEN VIOLATED. PAINEWEBBER EXCEEDED THE EXCHANGE'S POSITION LIMIT ON 3 TRADE DATES. SANCTION: A $5,000 FINE. DOCKET/CASE #89-0061, DATED APRIL 25, 1989 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: CBOE Date initiated: 04/01/1989 Docket/ Case Number: 89-0061 Allegations: POSITION LIMITS VIOLATIONS. Current Status: Final Resolution: Other Resolution Date: 04/01/1989 Sanctions Ordered: Monetary/Fine Monetary Amount: $5,000.00 Resolution Details: IN APRIL, 1989, THE FIRM AGREED TO A $5,000.00 FINE ISSUED BY THE CBOE FOR POSITION LIMITS VIOLATIONS. Summary: ****** REGULATORY ACTION (287 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 06/30/1989 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 06/30/1989 Docket/ Case Number: ATL-1008-AWC Allegations: Current Status: Final Resolution: Consent Resolution Date: 06/30/1989 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $15,000.00 Resolution Details: Summary: ON JUNE 30, 1989, THE LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. ATL-1008-AWC (DISTRICT NO. 7) SUBMITTED BY RESPONDENT PAINEWEBBER INCORPORATED WAS ACCEPTED; THEREFORE, THEY ARE CENSURED AND FINED $15,000.00 (ARTICLE III, SECTIONS 1 AND NASD BrokerCheck October 14, 2005 Page 225 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) 27(a) OF THE RULES OF FAIR PRACTICE - FAILED AND NEGLECTED TO ESTABLISH, MAINTAIN AND ENFORCE PROCEDURES WHICH WOULD HAVE ENABLED IT TO DETECT AND SUPERVISE EXCESSIVE TRADING ACTIVITY OF A SALES REPRESENTATIVE). $15,000 PAID ON 7/28/89. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASD, DISTRICT #7 Date initiated: 06/30/1989 Docket/ Case Number: ATL-1008 AWC Allegations: ALLEGED THAT THE FIRM HAD NOT PROPERLY SUPERVISED THE ACTIVITIES OF FORMER REGISTERED REPRESENTATIVE TIM HAILE. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 06/30/1989 Sanctions Ordered: Monetary/Fine Monetary Amount: $15,000.00 Resolution Details: ON JUNE 30, 1989 PAINEWEBBER INCORPORATED AGREED TO SIGN A LETTER OF ACCEPTANCE, WAIVER AND CONSENT AND WAS FINED $15,000 BY DISTRICT NO. 7 OF THE NASD (ATL-1008 AWC). WITHOUT ADMITTING OR DENYING THE FACTS STATED IN THE ORDER IT WAS DETERMINED THAT THE FIRM HAD NOT PROPERLY SUPERVISED THE ACTIVITIES OF FORMER REGISTERED REPRESENTATIVE TIM HAILE. Summary: ****** REGULATORY ACTION (288 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 01/27/1989 Initiated By: CHICAGO BOARD OF OPTION EXCHANGE Date initiated: 01/27/1989 Docket/ Case Number: 88-0098(A) Allegations: Current Status: Final Resolution: Consent Resolution Date: 01/27/1989 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $15,000.00 Resolution Details: Summary: THIS CASE WAS RESOLVED BY AN OFFER OF SETTLEMENT WHEREBY THE RESPONDENTS NEITHER ADMIT OR DENY THAT CBOE RULES HAD BEEN VIOLATED. DURING AN APPROXIMATE 17 MONTH PERIOD, PAINEWEBBER AND DONALD ALBRIGHT, A BRANCH OFFICE MANAGER AT PAINEWEBBER'S MONTEREY, CA BRANCH OFFICE, FAILED ADEQUATELY TO SUPERVISE A REGISTERED REPRESENTATIVE ("RR") BY ALLOWING THE RR 1) TO EFFECT NUMEROUS UNSUITABLE OPTION TRANSACTIONS AND FOR NUMBEROUS PUBLIC CUSTOMER ACCOUNTS; 2) TO EFFECT NUMEROUS OPTION TRANSACTIONS FOR NUMEROUS PUBLIC CUSTOMER ACCOUNTS WHICH WAS EXCESSIVE IN FERQUENCY AND SIZE; 3) BY ALLOWING THE RR TO SOLICIT SEVERAL PUBLIC CUSTOMERS TO MAKE INVESTMENTS PRIOR TO THE RR BECOMING LICENSED AS A RR; AND 4) TO EFFECT OPTION TRANSACTIONS FOR SEVERAL PUBLIC CUSTOMER ACCOUNTS WHICH WERE BEYOND THE NASD BrokerCheck October 14, 2005 Page 226 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) APPROVED LEVELS AS INDICATED ON PAINEWEBBER'S OPTIONS CLIENT QUALIFICATION FORM. SANCTION: A JOINT AND SEVERAL FINE OF $15,000 AND A CENSURE. DOCKET/CASE NO. 88-0098(a), DATED JANUARY 27, 1989. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: CBOE Date initiated: 02/01/1989 Docket/ Case Number: 88-0098A Allegations: FAILURE TO SUPERVISE THE OPTIONS ACTIVITY OF A FORMER REGISTERED REPRESENTATIVE Current Status: Final Resolution: Order Resolution Date: 02/01/1989 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $15,000.00 Resolution Details: IN FEBRUARY, 1989, THE FIRM AND ITS FORMER EMPLOYER DONALD ALBRIGHT AGREED TO A CENSURE AND A JOINT AND SEVERAL FINE OF $15,000.00 FOR FAILING TO SUPERVISE THE OPTIONS ACTIVITY OF A FORMER REGISTERED REPRESENTATIVE Summary: ****** REGULATORY ACTION (289 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 06/07/1985 Initiated By: NEW YORK STOCK EXCHANGE Date initiated: 06/07/1985 Docket/ Case Number: 85-28 Allegations: Current Status: Final Resolution: Consent Resolution Date: 06/07/1985 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $30,000.00 Resolution Details: Summary: NEW YORK STOCK EXCHANGE WEEKLY BULLETIN, JUNE 7, 1985 (REC'D 6/17/85): PAINE WEBBER INCORPORATED SUBMITTED A STIPULATION OF FACTS AND CONSENT TO PENALTY WHICH WAS ACCEPTED BY AN EXCHANGE HEARING PANEL. FOR THE SOLE PURPOSE OF SETTLING THIS DISCIPLINARY PROCEEDING AND WITHOUT ADMITTING OR DENYING GUILT, THE FIRM CONSENTED TO A FINDING THAT IT ENGAGED IN CONDUCT INCONSISTENT WITH JUST AND EQUITABLE PRINCIPLES OF TRADE IN THAT IT ESTABLISHED POSITIONS IN COMMON STOCK AND OPTIONS OF A CORPORATION SHORTLY BEFORE IT WAS TO ISSUE A RESEARCH REPORT RECOMMENDING THAT CORPORATION'S SECURITIES TO THE GENERAL PUBLIC; AND VIOLATED EXCHANGE RULE 342(b) IN THAT IT FAILED TO EFFECTIVELY IMPLEMENT ITS SUPERVISORY CONTROLS SO AS TO PREVENT THE FOREGOING CONDUCT. THE HEARING PANEL IMPOSED THE PENALTY CONSENTED TO BY THE FIRM OF A CENSURE AND A FINE OF $30,000, $15,000 OF WHICH IS DEEMED REMITTED IN VIEW OF A FINE IN THAT AMOUNT TO BE PAID TO THE CHICAGO BOARD OPTIONS NASD BrokerCheck October 14, 2005 Page 227 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) EXCHANGE. (DECISION 85-28) *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 02/26/2003 Initiated By: NEW YORK STOCK EXCHANGE. Date initiated: 06/07/1985 Docket/ Case Number: 85-28 Allegations: ALLEGED VIOLATIONS OF THE JUST AND EQUITABLE PRINCIPLES OF TRADE. Current Status: Final Resolution: Consent Resolution Date: 06/07/1985 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $30,000.00 Resolution Details: DUE TO THE AGE OF THE ITEM, ADDITIONAL SANCTION DETAIL IS UNAVAILABLE. Summary: FOR THE SOLE PURPOSE OF SETTLING THE PROCEEDING AND WITHOUT ADMITTING OR DENYING GUILT, THE FIRM CONSENTED TO A FINDING THAT IT ENGAGED IN CONDUCT INCONSISTENT WITH THE JUST AND EQUITABLE PRINCIPLES OF TRADE. ****** REGULATORY ACTION (290 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 07/07/1999 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 03/23/1989 Docket/ Case Number: NY-7050 AND NY-7089 Allegations: COMPLAINT NO. NY-7050 FILED MARCH 23, 1989 BY DISTRICT NO. 12 AGAINST RESPONDENT PAINEWEBBER INCORPORATED AND OTHERS ALLEGING VIOLATIONS OF ARTICLE III, SECTIONS 1, 2 AND 27 OF THE RULES OF FAIR PRACTICE IN THAT INDIVIDUAL RESPONDENT ("REGISTERED REPRESENTATIVE") EXECUTED TRANSACTIONS IN A CUSTOMER'S ACCOUNT WITH RESPONDENT MEMBER AND LATER, IN THE CUSTOMER'S ACCOUNT AT HIS NEXT EMPLOYING-MEMBER, WHICH WERE SHORT-TERM AND EXCESSIVE IN NATURE, WITHOUT HAVING REASONABLE GROUNDS TO BELIEVE THAT SUCH TRANSACTIONS WERE SUITABLE FOR THE CUSTOMER IN LIGHT OF HER FINANCIAL SITUATION AND INVESTMENT OBJECTIVES; AND, RESPONDENT PAINEWEBBER, ACTING THROUGH ANOTHER INDIVIDUAL RESPONDENT, FAILED TO IMPLEMENT ITS SUPERVISORY PROCEDURES TO DETECT AND PREVENT THE MISCONDUCT OF REGISTERED REPRESENTATIVE. Current Status: Final Resolution: Decision & Order of Offer of Settlement Resolution Date: 07/17/1990 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $30,000.00 Resolution Details: DECISION RENDERED JULY 17, 1990, WHEREIN THE OFFER OF SETTLEMENT SUBMITTED BY RESPONDENT MEMBER WAS ACCEPTED; THEREFORE RESPONDENTS PAINEWEBBER IS CENSURED AND FINED $30,000, JOINTLY AND SEVERALLY. Summary: COMPLAINT NO. NY-7089 (DISTRICT NO. 12) FILED JULY 20, 1989 AGAINST RESPONDENTS PAINEWEBBER INCORPORATED AND OTHERS NASD BrokerCheck October 14, 2005 Page 228 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) ALLEGING VIOLATIONS OF ARTICLE III, SECTIONS 1, 2, AND 27 OF THE RULES OF A FAIR PRACTICE IN THAT INDIVIDUAL RESPONDENT ("REGISTERED REPRESENTATIVE") EXERCISED DISCRETIONARY AUTHORITY IN THE ACCOUNT OF A PUBLIC CUSTOMER WITHOUT HAVING REASONABLE GROUNDS TO BELIEVE THE TRANSACTIONS BEING MADE WERE SUITABLE FOR THE CUSTOMER BASED ON HER FINANCIAL SITUATION AND INVESTMENT OBJECTIVES; AND, RESPONDENT MEMBER, ACTING THROUGH ANOTHER INDIVIDUAL RESPONDENT, FAILED TO IMPLEMENT ITS SUPERVISORY PROCEDURES TO DETECT AND PREVENT REGISTERED REPRESENTATIVE'S MISCONDUCT. DECISION RENDERED JULY 17, 1990 CONSOLIDATING NY-7050 AND NY-7089, WHEREIN THE OFFER OF SETTLEMENT SUBMITTED BY RESPONDENT MEMBER WAS ACCEPTED; THEREFORE RESPONDENTS PAINEWEBBER IS CENSURED AND FINED $30,000, JOINTLY AND SEVERALLY. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASD DBCC DIST. #12 Date initiated: 07/20/1989 Docket/ Case Number: NY7050 & NY7089 Allegations: ON JULY 20, 1989, PAINEWEBBER INCORPORATED AND ITS EMPLOYEE JOSEPH PATRICK TOTA WERE CHARGED BY THE DBCC DIST. #12 (NASD) WITH TWO SEPARATE INSTANCES OF FAILUE TO SUPERVISE THE ACTIVITIES OF FORMER REGISTERED REPRESENTATIVE NELDA ZIM. Current Status: Final Resolution: Decision Resolution Date: 07/05/1990 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $30,000.00 Resolution Details: THE DBCC DETERMINED THAT MR. TOTA AND PAINEWEBBER VIOLATED ARTICLE III SECTION 1 & 27 OF THE ASSOCIATION'S RULES OF FAIR PRACTICE. MR. TOTA WAS SUSPENDED FROM ASSOCIATING WITH ANY MEMBER IN A PRINCIPAL CAPACITY FOR FIVE (5) BUSINESS DAYS. PAINEWEBBER AND MR. TOTA WERE CENSURED AND JOINTLY AND SEVERALLY FINED $30,000.00 Summary: ****** REGULATORY ACTION (291 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 10/18/2004 Initiated By: CONNECTICUT Date initiated: 01/31/1989 Docket/ Case Number: Allegations: BANKING COMMISSIONER FOR THE STATE OF CONNECTICUT SIGNED A STIPULATION AGREEMENT, IN WHICH PAINEWEBBER NEITHER ADMITTED NOR DENIES THAT IT ALLOWED TWO INDIVIDUALS TO EFFECT SECURITIES TRANSACTIONS FOR CONNECTICUT RESIDENTS WITHOUT BEING REGISTERED WITH THE SECURITIES AND BUSINESS INVESTMENTS DIVISION. Current Status: Final Resolution: Consent Resolution Date: 01/31/1989 Sanctions Ordered: Monetary/Fine Monetary Amount: $750.00 NASD BrokerCheck October 14, 2005 Page 229 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Other Sanctions: RESCIND THE TRADES. Resolution Details: THE COMMISSIONER FINDS THAT A STIPULATION AGREEMENT IS APPROPRIATE, IN THE PUBLIC INTEREST AND CONSISTENT WITH THE PURPOSES FAIRLY INTENDED BY THE POLICY AND PROVISIONS OF THE CONNECTICUT UNIFORM SECURITIES ACT; THE COMMISSIONER AND PAINEWEBBER HEREBY MUTUALLY AGREED TO THE FOLLOWING: 1. PAINEWEBBER, INC. SHALL OFFER TO THE INVESTORS INVOLVED IN THE TRANSACTIONS THE RIGHT TO RESCIND THE TRADES; AND 2. PAINEWEBBER, INC. SHALL PAY A TOTAL FINE OF $750, $250 OF WHICH IS RELATED TO THE ACTIVITIES OF AN INDIVIDUAL AND $500 OF WHICH IS RELATED TO THE ACTIVITIES OF ANOTHER INDIVIDUAL. Summary: *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE DEPARTMENT OF BANKING OF THE STATE OF CONNECTICUT Date initiated: 08/01/1988 Docket/ Case Number: UNKNOWN Allegations: ALLOWING TWO INDIVIDUALS TO CONDUCT BUSINESS WITHOUT BEING REGISTERED WITH THE DEPARTMENT OF BANKING. Current Status: Final Resolution: Stipulation and Consent Resolution Date: 08/01/1988 Sanctions Ordered: Monetary/Fine, Disgorgement/Restitution Monetary Amount: $750.00 Resolution Details: IN AUGUST, 1988, PAINEWEBBER INCORPORATED WAS FINED $750.00 BY THE DEPARTMENT OF BANKING OF THE STATE OF CONNECTICUT, FOR ALLOWING TWO INDIVIDUALS TO CONDUCT BUSINESS WITHOUT BEING REGISTERED WITH THE DEPARTMENT OF BANKING. IN ADDITION, PAINEWEBBER INCORPORATED AGREED TO OFFER RESTITUTION TO THE INDIVIDUAL INVESTOR INVOLVED AND TO REVIEW ITS SUPERVISORY PROCEDURES TO DETECT AND PREVENT SUCH ACTIVITIES. THE DECISION RESULTED FROM A STIPULATION AGREEMENT SUBMITTED BY PAINEWEBBER AND ACCEPTED BY THE DEPARTMENT OF BANKING. Summary: ****** REGULATORY ACTION (292 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 10/18/2004 Initiated By: CONNECTICUT Date initiated: 01/31/1989 Docket/ Case Number: Allegations: ON JANUARY 31, 1989, BANKING COMMISSIONER FOR THE STATE OF CONNECTICUT, SIGNED A SETTLEMENT AGREEMENT, IN WHERE PAINEWEBBER NEITHER ADMITTED OR DENIES THAT IT ALLOWED AN INDIVIDUAL TO EFFECT SECURITIES TRANSACTIONS FOR CONNECTICUT RESIDENTS WITHOUT BEING REGISTERED WITH THE SECURITIES AND BUSINESS INVESTMENTS DIVISION. Current Status: Final Resolution: Consent Resolution Date: 01/31/1989 Sanctions Ordered: Monetary/Fine NASD BrokerCheck October 14, 2005 Page 230 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Monetary Amount: $10,000.00 Other Sanctions: UNDERTAKINGS Resolution Details: THE COMMISSIONER FINDS THAT A SETTLEMENT AGREEMENT IS APPROPRIATE, IN THE PUBLIC INTEREST AND CONSISTENT WITH THE PURPOSES FAIRLY INTENDED BY THE POLICY AND PROVISIONS OF THE ACT; THE COMMISSIONER AND PAINEWEBBER, HEREBY MUTUALLY AGREED TO THE FOLLOWING: 1. PAINEWEBBER SHALL REVIEW, MODIFY AND IMPLEMENT ITS SUPERVISORY PROCEDURES SO AS TO MORE PROMPTLY DETECT SIMILAR SECURITIES ACTIVITIES AND TO PREVENT VIOLATIONS OF THE ACT AND THE REGULATIONS PROMULGATED THEREUNDER IN CONNECTION THEREWITH. 2. PAINEWEBEER SHALL PAY A FINE WHICH WILL INCLUDE THE COST OF THE DIVISION'S INVESTIGATION INTO THE SECURITIES ACTIVITIES OF AN INDIVIDUAL. THE FINE SHALL AMOUNT TO $10,000. PAYMENT IS DUE ON THE DATE THIS AGREEMENT IS SIGNED BY THE COMMISSIONER. 3. PAINEWEBBER SHALL PAY A $5,000 DONATION TO A CHARITY LOCATED IN CONNECTICUT. Summary: *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: STATE OF CONNECTICUT Date initiated: 01/01/1998 Docket/ Case Number: 8105-04189 Allegations: PAINEWEBBER ALLOWED MICHAEL J PORTERA TO EFFECT SECURITIES TRANSACTIONS FOR CONNECTICUT RESIDENTS WITHOUT BEING REGISTERED WITH THE SECURITIES AND BUSINESS INVESTMENTS DIVISION Current Status: Final Resolution: Decision Resolution Date: 01/31/1998 Sanctions Ordered: Monetary/Fine Monetary Amount: $15,000.00 Resolution Details: PAINEWEBBER SHALL REVIEW , MODIFY AND IMPLEMENT ITS SUPERVISORY PROCEDURES; SHALL PAY AND FINE WHICH WILL INCLUDE THE COST OF THE DIVISION'S INVESTIGATION INTO THE SECURITIES ACTIVITIES OF PORTERA. THE FINE SHLL AMOUNT TO $10,000; PWI SHALL PAY A $5,000 DONATION TO A CHARITY LOCATED IN CONNECTICUT. Summary: ****** REGULATORY ACTION (293 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 07/07/1999 Initiated By: NEW MEXICO Date initiated: 01/31/1989 Docket/ Case Number: 89-NR-03 Allegations: A NOTICE OF INTENT TO SUSPEND OR REVOKE LICENSE WAS ISSUED AGAINST RESPONDENTS PAINEWEBBER INCORPORATED FOR CONDUCT IN VIOLATION OF THE NEW MEXICO SECURITIES ACT. Current Status: Pending Summary: *********************************** Reporting Source: Brokerage Firm (Form BD) NASD BrokerCheck October 14, 2005 Page 231 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date Reported: Initiated By: STATE OF NEW MEXICO Date initiated: 02/06/1989 Docket/ Case Number: UNKNOWN Allegations: INFORMATION SOUGHT BY AN EXAMINER WAS NOT TIMELY PRODUCED. Current Status: Final Resolution: Other Resolution Date: 05/18/1989 Sanctions Ordered: Monetary/Fine Monetary Amount: $5,000.00 Resolution Details: ON FEBRUARY 6, 1989, PAINEWEBBER INCORPORATED WAS SERVED WITH AN ORDER BY THE STATE OF NEW MEXICO. THE ORDER NAMED THE FIRM AND ITS BRANCH MANGER KENNETH MORRIS. THE ORDER ALLEGED THAT INFORMATION SOUGHT BY AN EXAMINER WAS NOT TIMELY PRODUCED. AFTER A PERIOD OF NEGOTIATIONS ON MAY 18, 1989 THE FIRM AGREED TO PAY A $2,500 ADMINISTRATIVE ASSESSMENT AND A $2,500 FINE. IN ADDITION THE STATE AGREED THAT MR. MORRIS WAS NOT CAPABLE FOR ANY VIOLATIVE CONDUCT AND WITHDREW THE ORDER AGAINST HIM ON JULY 19,1989. Summary: ****** REGULATORY ACTION (294 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 10/06/1988 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 10/06/1988 Docket/ Case Number: NEW-614-AWC Allegations: Current Status: Final Resolution: Consent Resolution Date: 10/06/1988 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $1,000.00 Resolution Details: Summary: ON OCTOBER 6, 1988, THE LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. NEW-614-AWC (DISTRICT NO. 5) SUBMITTED BY RESPONDENTS PAINEWEBBER, INCORPORATED, WILLIAM B. MILLER AND WILLIAM A. WEIMAR WAS ACCEPTED; THEREFORE, THEY ARE CENSURED AND FINED $1,000.00, JOINTLY AND SEVERALLY (ARTICLE III, SECTIONS 1 AND 27 OF THE RULES OF FAIR PRACTICE - RESPONDENT WEIMAR EXECUTED OR CAUSED TO BE EXECUTED A PURCHASE OF 23,128 SHARES IN A HIGH YIELD TRUST-GOVERNMENT SECURITIES FUND FOR A TOTAL COST OF $244,000.40 FOR THE ACCOUNT OF A CUSTOMER AND FAILED AND NEGLECTED TO INFORM SAID CUSTOMER THAT THIS INVESTMENT WAS NEAR THE FUND'S BREAKPOINT AND THAT AN INVESTMENT OF $250,000.00 INTO THE FUND WOULD HAVE REDUCED THE COMMISSION CHARGE FROM 3.5% TO 2.5% OF THE OFFERING PRICE; AND, RESPONDENT MEMBER, ACTING THROUGH RESPONDENT MILLER, FAILED TO PROPERLY SUPERVISE RESPONDENT WEIMAR). $1,000 PAID J&S 10/18/88 - DEPOSIT #249 *********************************** Reporting Source: Brokerage Firm (Form BD) NASD BrokerCheck October 14, 2005 Page 232 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date Reported: 02/26/2003 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 10/06/1988 Docket/ Case Number: NEW-614-AWC Allegations: ALLEGED FAILURE TO SUPERVISE VIOLATION OF A REGISTERED REPRESENTATIVE. Current Status: Final Resolution: Consent Resolution Date: 10/06/1988 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $1,000.00 Resolution Details: DUE TO THE AGE OF THE ITEM, ADDITIONAL SANCTION DETAIL IS UNAVAILABLE. Summary: ****** REGULATORY ACTION (295 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 11/17/1988 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 11/17/1988 Docket/ Case Number: NY-6059-AWC Allegations: Current Status: Final Resolution: Consent Resolution Date: 11/17/1988 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $2,000.00 Resolution Details: Summary: ON NOVEMBER 17, 1988, THE LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. NY-6059-AWC (DISTRICT NO. 12) SUBMITTED BY RESPONDENT PAINEWEBBER INCORPORATED WAS ACCEPTED; THEREFORE, THEY ARE CENSURED AND FINED $2,000.00 (MSRB RULES A-13 AND G-12(j) FAILED IN CONNECTION WITH CERTAIN MUNICIPAL UNDERWRITINGS WHICH THE FIRM MANAGED TO PAY THE UNDERWRITING ASSESSMENT FEE TO THE MSRB WITHIN THIRTY (30) CALDENDAR DAYS FOLLOWING THE DATE OF THE SETTLEMENT WITH THE ISSUER; AND, FAILED IN CERTAIN INSTANCES TO EFFECT FINAL SETTLEMENT WITH THE SYNDICATE WITHIN SIXTY (60) DAYS FOLLOWING THE DATE SECURITIES WERE DELIVERED TO THE SYNDICATE MEMBERS). $2,000 PAID 5/5/89 - DEPOSIT #190 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 02/26/2003 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 11/17/1988 Docket/ Case Number: NY-6059-AWC NASD BrokerCheck October 14, 2005 Page 233 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Allegations: ALLEGED VIOLATION OF MSRB RULES A-13 AND G-12(J) IN THAT THE FIRM FAILED IN CONNECTION WITH CERTAIN MUNICIPAL UNDERWRITINGS, WHICH THE FIRM MANAGED, TO PAY THE UNDERWRITING ASSESSMENT FEE TO THE MSRB WITHIN THIRTY CALENDAR DAYS FOLLOWING THE DTE OF THE SETTLEMENT WITH THE ISSUER. Current Status: Final Resolution: Consent Resolution Date: 11/17/1988 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $2,000.00 Resolution Details: DUE TO THE AGE OF THE ITEM, ADDITIONAL SANCTION DETAIL IS UNAVAILABLE. Summary: ****** REGULATORY ACTION (296 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 07/07/1999 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 04/22/1985 Docket/ Case Number: WA-461-SC Allegations: NASD ARTICLE III, SECTION 1 - IN THAT RESPONDENT FAILED TO RESPOND TO THE ASSOCIATION'S REQUESTS FOR INFORMATION MADE PURSUANT TO ARTICLE IV, SECTION 5 OF THE RULES OF FAIR PRACTICE. Current Status: Final Resolution: Decision Resolution Date: 06/10/1985 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $1,000.00 Resolution Details: SUMMARY COMPLAINT ACCEPTED JUNE 10, 1985, WHEREIN THE FIRM IS CENSURED AND FINED $1,000.00. DECISION IS FINAL. Summary: *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE NATIONAL ASSOCIATION OF SECURITIES DEALERS INC. Date initiated: 06/01/1985 Docket/ Case Number: WA-461-SC Allegations: ALLEGED VIOLATION OF THE ASSOCIATION'S RULES REQUIRING A PROMPT RESPONSE TO REQUESTS BY THE ASSOCIATION TO PROVIDE INFORMATION AND DOCUMENTS IN CONNECTION WITH AN INVESTIGATION BY THE ASSOCIATION'S DISTRICT NO. 10 STAFF Current Status: Final Resolution: Decision Resolution Date: 06/01/1985 Sanctions Ordered: Monetary/Fine, Censure NASD BrokerCheck October 14, 2005 Page 234 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Monetary Amount: $1,000.00 Resolution Details: IN JUNE, 1985, PAINE, WEBBER, JACKSON & CURTIS WAS CENSURED AND FINED $1,000 BY THE NATIONAL ASSOCIATION OF SECURITIES DEALERS INC., PURSUANT TO ITS SUMMARY COMPLAINT PROCEDURE, FOR VIOLATING THE ASSOCIATION'S RULES REQUIRING A PROMPT RESPONSE TO REQUESTS BY THE ASSOCIATION TO PROVIDE INFORMATION AND DOCUMENTS IN CONNECTION WITH AN INVESTIGATION BY THE ASSOCIATION'S DISTRICT NO. 10 STAFF. Summary: ****** REGULATORY ACTION (297 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 04/13/1988 Initiated By: CHICAGO BOARD OF OPTION EXCHANGE Date initiated: 04/13/1988 Docket/ Case Number: 86-0096(A) Allegations: Current Status: Final Resolution: Decision Resolution Date: 04/13/1988 Sanctions Ordered: Monetary/Fine Monetary Amount: $1,000.00 Resolution Details: Summary: PAINEWEBBER INCORPORATED AND MELVIN DAVIDSON FAILED ADEQUATELY TO SUPERVISE THE ACTIVITIES OF A REGISTERED REPRESENTATIVE OF PAINEWEBBER AT ITS ATLANTA, GEORGIA BRANCH OFFICE BY ALLOWING HIM, IN CONNECTION WITH THE OFFER AND SALE OF SECURITIES TO AT LEAST 5 PUBLIC CUSTOMERS, TO USE SALES LITERATURE WHICH FAILED FULLY TO EXPLAIN THE RISKS ASSOCIATED WITH INDEX OPTION TRADING. (CBOE RULES 4.2 AND 9.8): SANCTION: A JOINT AND SEVERAL FINE OF $1,000....... THOMAS ALISON, IN CONNECTION WITH THE OFFER AND SALE OF SECURITIES TO AT LEAST 5 PUBLIC CUSTOMERS, UTILIZED SALES LITERATURE WHICH FAILED FULLY TO EXPLAIN THE RISKS ASSOCIATED WITH INDEX OPTIONS TRADING. (CBOE RULES 9.21(a), (i), and 9.21(d) and EXCHANGE RULE INTERPRETATION AND POLICY 9.21.01 BY ALISON. SANCTION: A $1,000 FINE. DOCKET/CASE NO. 86-0096(a), DATED APRIL 13, 1988. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: CHICAGO BOARD OF OPTIONS EXCHANGE. Date initiated: 03/01/1988 Docket/ Case Number: UNKNOWN Allegations: A FINDING THAT PAINEWEBBER AND RESPONDENT BRANCH OFFICE MANAGER HAD ALLOWED AN EMPLOYEE OF THE FIRM TO ISSUE SALES LITERATURE WHICH DID NOT ADEQUATELY EXPLAIN THE RISKS ASSOCIATED WITH INDEX OPTION TRADING. Current Status: Final Resolution: Settled Resolution Date: 03/01/1988 Sanctions Ordered: Monetary/Fine NASD BrokerCheck October 14, 2005 Page 235 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Monetary Amount: $1,000.00 Resolution Details: IN MARCH, 1988 PAINEWEBBER SUBMITTED AN OFFER OF SETTLEMENT TO THE BUSINESS CONDUCT COMMITTEE OF THE CHICAGO BOARD OF OPTIONS EXCHANGE. PAINEWEBBER AGREED TO A JOINT AND SEVERAL FINE OF $1,000.00 ALONG WITH ITS RESPONDENT BRANCH OFFICE MANAGER. THE OFFER OF SETTLEMENT WAS IN CONNECTION WITH A FINDING THAT PAINEWEBBER AND RESPONDENT BRANCH OFFICE MANAGER HAD ALLOWED AN EMPLOYEE OF THE FIRM TO ISSUE SALES LITERATURE WHICH DID NOT ADEQUATELY EXPLAIN THE RISKS ASSOCIATED WITH INDEX OPTION TRADING. Summary: ****** REGULATORY ACTION (298 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 01/18/1989 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 07/06/1988 Docket/ Case Number: TEX-547 Allegations: Current Status: Final Resolution: Consent Resolution Date: 01/18/1989 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $2,500.00 Resolution Details: Summary: NASD COMPLAINT NO. TEX-547 FILED JULY 6, 1988 BY DISTRICT NO. 6 AGAINST RESPONDENTS PAINEWEBBER, INCORPORATED, PAULA AMBER BARSHOP AND JOHN KENNETH JONES, JR. ALLEGING VIOLATIONS OF MSRB RULE G-21 IN THAT RESPONDENT MEMBER, ACTING THROUGH RESPONDENTS BARSHOP AND JONES, CAUSED TO BE PUBLISHED ADVERTISEMENTS WHICH IT HAD REASON TO KNOW WERE MISLEADING. AMENDED COMPLAINT FILED SEPTEMBER 6, 1988 TO SUBSTITUTE RESPONDENT SAMUEL EDWARD McGOWAN FOR JOHN KENNETH JONES, JR. DECISION RENDERED JANUARY 18, 1989, WHEREIN THE OFFER OF SETTLEMENT SUBMITTED BY RESPONDENTS WAS ACCEPTED; THEREFORE, RESPONDENTS MEMBER, BARSHOP AND MCGOWAN ARE CENSURED AND FINED $2,500.00, JOINTLY AND SEVERALLY. $2,500 PAID J&S 4/27/89 - DEPOSIT #072 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NASD DISTRICT #6 Date initiated: 01/01/1989 Docket/ Case Number: TEX-547 Allegations: ALLOWING A NEWSPAPER AD TO RUN THAT WAS NOT IN CONFORMITY WITH MSRB RULES Current Status: Final Resolution: Other Resolution Date: 01/01/1989 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $2,500.00 NASD BrokerCheck October 14, 2005 Page 236 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Resolution Details: IN JANUARY, 1989, THE FIRM AND ITS EMPLOYEES PAULA AMBER AND SAMUEL E. MCGOWAN AGREED TO A CENSURE AND JOINT AND SEVERAL FINE OF $2500.00 FOR ALLOWING A NEWSPAPER AD TO RUN THAT WAS NOT IN CONFORMITY WITH MSRB RULES Summary: ****** REGULATORY ACTION (299 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 11/24/1987 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 06/29/1987 Docket/ Case Number: MS-570-AWC Allegations: Current Status: Final Resolution: Consent Resolution Date: 11/24/1987 Sanctions Ordered: Monetary/Fine Monetary Amount: $1,000.00 Resolution Details: Summary: MARKET SURVEILLANCE COMMITTEE COMPLAINT #MS-570-AWC: LETTER OF ACCEPTANCE, WAIVER AND CONSENT (AWC) FILED JUNE 29, 1987 AGAINST RESPONDENT PAINEWEBBER, INC. ALLEGING VIOLATIONS OF PART VI, SECTION 4(a) OF SCHEDULE D IN THAT RESPONDENT FAILED TO REPORT ITS NASDAQ VOLUME. THE AWC WAS ACCEPTED BY THE MARKET SURVEILLANCE COMMITTEE ON NOVEMBER 5, 1987 AND BY THE NATIONAL BUSINESS CONDUCT COMMITTEE ON NOVEMBER 24, 1987. $1,000 FINE $1,000 FINE PAID 6/20/88 *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 02/26/2003 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 06/29/1987 Docket/ Case Number: MS-570-AWC Allegations: VIOLATIONS OF PART VI, SECTION 4(A) OF SCHEDULE D IN THAT THE FIRM FAILED TO REPORT ITS NASDAQ VOLUME. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 11/24/1987 Sanctions Ordered: Monetary/Fine Monetary Amount: $1,000.00 Resolution Details: DUE TO THE AGE OF THE ITEM, ADDITIONAL SANCTION DETAIL IS UNAVAILABLE. Summary: ****** REGULATORY ACTION (300 of 302) ****** Reporting Source: Regulator (Form U-6) NASD BrokerCheck October 14, 2005 Page 237 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Date Reported: 03/11/1988 Initiated By: SECURITIES AND EXCHANGE COMMISSION Date initiated: 03/11/1988 Docket/ Case Number: Allegations: Current Status: Final Resolution: Consent Resolution Date: 03/11/1988 Sanctions Ordered: Censure Resolution Details: Summary: 3/21/88-SEC NEWS DIGEST ISSUE 88-47, DATED MARCH 11, 1988 - ADMINISTRATIVE PROCEEDINGS DISCLOSES: `PROCEEDINGS INSTITUTED AGAINST, AND REMEDIAL SANCTIONS IMPOSED UPON, PAINEWEBBER, INC.'; THE COMMISSION INSTITUTED ADMINISTRATIVE PROCEEDINGS UNDER SECTIONS 15(b) and 19(h) OF THE SECURITIES EXCHANGE ACT OF 1934 AGAINST PAINEWEBBER, INC., A REGISTERED BROKER-DEALER. SIMULTANEOUSLY, PAINEWEBBER SUBMITTED AN OFFER OF SETTLEMENT WHICH THE COMMISSION ACCEPTED. IN THIS OFFER, PAINEWEBBER CONSENTED, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS OR FINDINGS CONTAINED THEREIN, TO THE COMMISSION'S ORDER MAKING FINDINGS THAT PAINEWEBBER VIOLATED ANTIFRAUD PROVISIONS OF THE SECURITIES ACT OF 1933 AND THE EXCHANGE ACT IN CONNECTION WITH THE SALE AND REPURCHASE OF STRIPPED U.S. TREASURY BOND COUPONS (STRIPPED COUPONS). SPECIFICALLY, THE ORDER ALLEGES THAT BETWEEN JANUARY 1, 1984 AND JULY 31, 1985, PAINEWEBBER CHARGED CUSTOMERS UNDISCLOSED EXCESSIVE MARKUPS AND MARKDOWNS IN STRIPPED COUPON TRANSACTIONS. THE ORDER CENSURES PAINEWEBBER AND ORDERS IT TO COMPLY WITH ITS UNDERTAKING TO REVIEW ITS EXISTING STRIPPED COUPON MARKUP AND MARKDOWN PRACTICES IN ORDER TO PREVENT A RECURRENCE OF THIS CONDUCT. IN DETERMINING TO ACCEPT THE OFFER, THE COMMISSION CONSIDERED PAINEWEBBER'S VOLUNTARY UNDERTAKING TO REPAY EACH OF ITS CUSTOMERS, WHO SOLD IT STRIPPED COUPONS DURING THE RELEVANT TIME PERIOD, THE AMOUNT BY WHICH THE MARKDOWN CHARGED EXCEEDED 10% OF PAINEWEBBER'S CONTEMPORANOUS SALES PRICE. (REL. 34-25418) *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: 02/26/2003 Initiated By: SECURITIES AND EXCHANGE COMMISSION Date initiated: 03/11/1988 Docket/ Case Number: UNKNOWN Allegations: ALLEGED VIOLATIONS OF SECTIONS 15(B) AND 19(H) OF THE SECURITIES AND EXCHANGE ACT OF 1934. Current Status: Final Resolution: Consent Resolution Date: 03/11/1998 Sanctions Ordered: Censure Resolution Details: DUE TO THE AGE OF THE ITEM, ADDITIONAL SANCTION DETAIL IS UNAVAILABE. Summary: THE FIRM, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS OR FINDINGS CONSENTED TO THE ORDER. IN DETERMINING TO ACCEPT THE OFFER, THE COMMISSION CONSIDERED THE FIRM'S VOLUNTARY UNDERTAKING TO REPAY EACH OF ITS CUSTOMERS EFFECTED BY THE ALLEGED ACTIVITY. ****** REGULATORY ACTION (301 of 302) ****** NASD BrokerCheck October 14, 2005 Page 238 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) Reporting Source: Regulator (Form U-6) Date Reported: 09/26/1984 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 12/15/1982 Docket/ Case Number: SF-938 Allegations: Current Status: Final Resolution: Decision Resolution Date: 09/26/1984 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $5,000.00 Resolution Details: Summary: COMP #SF-938, FILED 12/15/82, DIST. #2N, ALLEGING VIOLATIONS OF ARTICLE III, SECTIONS 1, 2, 19 APPENDIX E, AND 27 OF THE RULES OF FAIR PRACTICE - RESPONDENT MEMBER AND ROBERT STAMSOS FAILED TO ENFORCE A WRITTEN PROGRAM PROVIDING FOR THE SUPERVISION OF THE OPTIONS ACCOUNTS OF RESPONDENT CRAIG ALFORD'S CUSTOMERS AND FAILED TO OTHERWISE PROPERLY SUPERVISE THE ACTIVITIES OF ALFORD. ****DECISION RENDERED 10/24/83, WHEREIN RESPONDENTS MEMBER AND STAMSOS ARE CENSURED AND FINED $10,000, J&S; AND IS ASSESSED COSTS OF $1,358.59. IF NO FURTHER ACTION, DECISION WILL BE FINAL 12/7/83. **** B/GS' DECISION RENDERED 8/28/84, WHEREIN THE FINDINGS MADE AND THE SANCTIONS IMPOSED WITH REGARD TO ALFORD ARE AFFIRMED AND THE FINDINGS MADE WITH REGARD TO THE MEMBER AND STAMSOS ARE AFFIRMED BUT THE SANCTIONS ARE MODIFIED; THEREFORE, MEMBER IS CENSURED AND FINED $5,000, ASSESSED COSTS OF $1,358.59 AND THE COSTS OF THE APPEAL OF $2,000. IF NO FURTHER ACTION, DECISION IS FINAL 9/26/84. ***10/19/84, FC# 8865, PAID IN FULL. ****10/19/84, FC# 8867, PAID IN FULL. *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: THE BOARD OF GOVERNORS OF THE NASD INC. Date initiated: 08/01/1984 Docket/ Case Number: SF-938 Allegations: FAILURE TO SUPERVISE THE ACTIVITIES OF A RESPONDENT BROKER IN CONNECTION WITH UNSUITABLE TRANSACTIONS IN A SINGLE CLIENT'S ACCOUNT. Current Status: Final Resolution: Decision Resolution Date: 08/01/1984 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $5,000.00 Resolution Details: IN AUGUST, 1984, PAINE, WEBBER, JACKSON & CURTIS, WAS CENSURED AND FINED $5,000.00 PURSUANT TO A DECISION OF THE BOARD OF GOVERNORS OF THE NATIONAL ASSOCIATION OF SECURITIES DEALERS INC. FOR FAILURE TO SUPERVISE THE ACTIVITIES OF A RESPONDENT BROKER IN CONNECTION WITH UNSUITABLE TRANSACTIONS IN A SINGLE CLIENT'S ACCOUNT. Summary: NASD BrokerCheck October 14, 2005 Page 239 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 REGULATORY ACTIONS(cont.) ****** REGULATORY ACTION (302 of 302) ****** Reporting Source: Regulator (Form U-6) Date Reported: 07/07/1999 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 08/10/1983 Docket/ Case Number: NY-2087 Allegations: NASD ARTICLE III, SECTION 1 OF THE RULES OF FAIR PRACTICE - IN THAT RESPONDENT FAILED TO MAKE BONA FIDE PUBLIC DISTRIBUTIONS OF SHARES WHICH TRADED AT IMMEDIATE PREMIUMS IN THE SECONDARY MARKET IN THAT SHARES WERE SOLD TO RESTRICTED ACCOUNTS. Current Status: Final Resolution: Decision & Order of Offer of Settlement Resolution Date: 01/20/1984 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $1,500.00 Resolution Details: DECISION RENDERED JANUARY 20, 1984, WHEREIN THE OFFER OF SETTLEMENT SUBMITTED BY RESPONDENT MEMBER; THEREFORE, THE FIRM IS CENSURED AND FINED $1,500.00. Summary: *********************************** Reporting Source: Brokerage Firm (Form BD) Date Reported: Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 01/01/1984 Docket/ Case Number: NY-2087 Allegations: VIOLATIONS OF THE FREE-RIDING AND WITHHOLDING INTERPRETATION UNDER ARTICLE III, SECTION 1 OF THE RULES OF FAIR PRACTICE OF THE NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Current Status: Final Resolution: Settled Resolution Date: 01/01/1984 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $1,500.00 Resolution Details: IN JANUARY 1984, PAINE WEBBER JACKSON & CURTIS WAS CENSURED AND FINED $1500 FOR ALLEGED VIOLATIONS OF THE FREE-RIDING AND WITHHOLDING INTERPRETATION UNDER ARTICLE III, SECTION 1 OF THE RULES OF FAIR PRACTICE OF THE NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. THE DECISION RESULTED FROM AN OFFER OF SETTLEMENT SUBMITTED BY PAINE WEBBER AND ACCEPTED BY THE ASSOCIATION. Summary: NASD BrokerCheck October 14, 2005 Page 240 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 ******************************************************************************** CIVIL JUDICIAL ACTIONS ******************************************************************************** DISCLOSURE INFORMATION This section contains information regarding civil judicial actions that were reported to CRD. These actions are disclosable through NASD BrokerCheck and include injunctions issued by a foreign or domestic court in connection with investment-related activity, a finding by a domestic or foreign court of a violation of any investment-related statute(s) or regulation(s), and actions dismissed by a domestic or foreign court pursuant to a settlement agreement. Some of the fields in this section of the report may be blank if the information was not provided to CRD. ** OCCURRENCE COUNTS ** 1 Record(s) ******************************************************************************** ** FIELD DEFINITIONS ** * Reporting Source: The form through which details of the civil judicial action was reported to CRD. * Date Reported: The date the civil judicial action was reported to CRD. * Initiated By: The party that initiated the civil judicial action (e.g., regulator, foreign financial regulatory authority, self-regulatory organization, commodities exchange, etc.). * Date Initiated: Date the civil judicial action was initiated or filed. * Court Details: Details regarding the court the action was brought in (e.g., name and location of court, docket/case number, etc.). * Employing Brokerage Firm: Brokerage Firm where individual broker was employed when activity occurred that led to the civil judicial action. * Allegations: Allegations made against the individual broker leading to the civil judicial action. * Current Status: The current status of the civil judicial action (i.e., pending, on appeal or final). * Resolution: The resolution of the civil judicial action (e.g., consent, dismissed, judgment rendered, settled, withdrawn, etc.). * Resolution Date: The date the civil judicial action was resolved. * Sanction Details: Additional details regarding any sanctions ordered. * Summary: Details of the circumstances related to the civil judicial action. ******************************************************************************** ****** CIVIL JUDICIAL ACTION (1 of 1) ****** Reporting Source: Brokerage Firm (Form BD) Date Reported: 07/24/2002 Initiated By: THE CLERK OF COLLIER COUNTY, FLORIDA Date Initiated: 11/28/1998 Court Details: UNITED STATES DISTRICT COURT FOR THE MIDDLE DISTRICT OF FLORIDA Allegations: PUTATIVE CLASS ACTION FILED BY COLLIER COUNTY, FLORIDA, ON BEHALF OF ITSELF AND SIMILARLY SITUATED MUNICIPALITIES, NAMING UBS PAINEWEBER, INC., J.C. BRADFORD AND A DOZEN UNDERWRITERS AND/OR SELLERS OF UNITED STATES TREASURY SECURITIES. THE COMPLAINT ALLEGES THAT THE DEFENDANTS, IN CONNECTION WITH VARIOUS MUNICIPAL BOND REFUNDINGS, CONSPIRED TO DEFRAUD PLAINTIFF AND THE PUTATIVE CLASS BY CHARGING EXCESSIVE AND UNDISCLOSED MARKUPS ON TREASURY SECURITIES THEY PURCHASED FROM DEFENDANTS FOR DEFEASANCE ESCROW ACCOUNTS. PLAINTIFF FURTHER ALLEGES THAT, IN CERTAIN INSTANCES, THESE ALLEGED EXCESSIVE MARKUPS RESULTED IN "YIELD BURNING", JEOPARDIZING THE TAX-EXEMPT STATUS OF MUNICIPAL BONDS ISSUED BY PLAINTIFF AND NASD BrokerCheck October 14, 2005 Page 241 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 CIVIL JUDICIAL ACTIONS(cont.) THE PUTATIVE CLASS, AND THAT DEFENDANTS ALLEGEDLY FAILED TO INFORM THE MUNICIPALITIES THAT THE TAX-EXEMPT STATUS OF THEIR BONDS COULD BE IN JEOPARDY. DAMAGES UNSPECIFIED. Current Status: Final Resolution: Settled Resolution Date: 09/26/2001 Sanctions Ordered: Other Sanctions: THE PARTIES FILED A STIPULATION OF SETTLEMENT WITH THE COURT, AGREEING TO SETTLE THE ACTION FOR AN AGGREGATE PAYMENT OF $4,507,000 BY ALL DEFENDANTS. PAINEWEBBER AND J.C. BRADFORD'S TOTAL SHARE OF THAT SETTLEMENT IS $765,000. Resolution Details: PAINEWEBBER AND J.C. BRADFORD'S TOTAL SHARE OF THE SETTLEMENT IS $765,000, AS APPROVED BY THE COURT ON 9/26/01. Summary: THE PARTIES FILED A STIPULATION OF SETTLEMENT WITH THE COURT, AGREEING TO SETTLE THE ACTION FOR AN AGGREGATE PAYMENT OF $4,507,000 BY ALL DEFENDANTS. PAINEWEBBER AND J.C. BRADFORD'S TOTAL SHARE OF THAT SETTLEMENT IS $765,000. BY FINAL JUDGMENT ORDER AND FINAL JUDGMENT DATED SEPTEMBER 26, 2001, THE COURT APPROVED THE SETTLEMENT, FINDING THE SETTLEMENT "FAIR, JUST AND REASONABLE AS TO THE SETTLING CLASS". NASD BrokerCheck October 14, 2005 Page 242 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 ******************************************************************************** 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 ** 560 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 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 09/09/2004 Case Number: 04-06371 Allegations: Fraudulent Activity-Suitability; Fraudulent Activity-Brch of Fiduciary Dt; Fraudulent Activity-Misrepresentation; Fraudulent Activity-Churning Type of Securities: Common Stock;Corporate Bonds;Mutual Funds;Certificate of Deposit Relief Asked: Actual/Compensatory Damages, ASKED AMOUNT $200,000.00 JOINTLY AND SEVERALLY; Actual/Compensatory Damages, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Actual/Compensatory Damages, ASKED AMOUNT $0.00 JOINTLY NASD BrokerCheck October 14, 2005 Page 243 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) AND SEVERALLY; Attorney's Fees, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Interest, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Punitive/Exemplary Damages, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Other Monetary Relief, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Other costs, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 10/11/2005 Relief Awarded: Actual/Compensatory Damages, Relief Request has been denied in full; Actual/Compensatory Damages, Relief Request has been denied in full; Actual/Compensatory Damages, Relief Request has been denied in full; Attorney's Fees, Relief Request has been denied in full; Interest, Relief Request has been denied in full; Punitive/Exemplary Damages, Relief Request has been denied in full; Other Monetary Relief, Relief Request has been denied in full; Other costs, Relief Request has been denied in full ** BROKERAGE FIRM ARBITRATION (2 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 09/02/2004 Case Number: 04-06222 Allegations: Account Related-Breach of Contract Type of Securities: Unknown type of securities Relief Asked: Actual/Compensatory Damages, ASKED AMOUNT $10,313.61 SEVERALLY ; Interest, ASKED AMOUNT $0.00 SEVERALLY ; Attorney's Fees, ASKED AMOUNT $0.00 SEVERALLY ; Other costs, ASKED AMOUNT $0.00 SEVERALLY ; Other Monetary Relief, ASKED AMOUNT $0.00 SEVERALLY ; Actual/Compensatory Damages, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 10/03/2005 Relief Awarded: Actual/Compensatory Damages, Relief has been awarded (partial or full, Award Amount $10,313.61; Interest, Relief Request has been denied in full; Attorney's Fees, Relief Request has been denied in full; Other costs, Relief Request has been denied in full; Other Monetary Relief, Relief Request has been denied in full; Actual/Compensatory Damages, Relief has been awarded (partial or full ** BROKERAGE FIRM ARBITRATION (3 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 07/02/2004 Case Number: 04-04698 Allegations: Account Related-Breach of Contract; Account Related-Negligence; Fraudulent Activity-Brch of Fiduciary Dt; Fraudulent Activity-Churning Type of Securities: Unknown type of securities Relief Asked: Actual/Compensatory Damages, ASKED AMOUNT $185,000.00 JOINTLY AND SEVERALLY; Punitive/Exemplary Damages, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Interest, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Attorney's Fees, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Other costs, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Other NASD BrokerCheck October 14, 2005 Page 244 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Monetary Relief, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 09/30/2005 Relief Awarded: Actual/Compensatory Damages, Relief Request has been denied in full; Punitive/Exemplary Damages, Relief Request has been denied in full; Interest, Relief Request has been denied in full; Attorney's Fees, Relief Request has been denied in full; Other costs, Relief Request has been denied in full; Other Monetary Relief, Relief Request has been denied in full ** BROKERAGE FIRM ARBITRATION (4 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 12/22/2004 Case Number: 04-08538 Allegations: Fraudulent Activity-Brch of Fiduciary Dt; Account Related - Failure to Supervise; Account Related-Negligence; Account Related-Negligence Type of Securities: Unknown type of securities Relief Asked: Actual/Compensatory Damages, ASKED AMOUNT $1,513,594.00 SEVERALLY ; Punitive/Exemplary Damages, ASKED AMOUNT $0.00 SEVERALLY ; Other costs, ASKED AMOUNT $0.00 SEVERALLY ; Interest, ASKED AMOUNT $0.00 SEVERALLY ; Attorney's Fees, ASKED AMOUNT $0.00 SEVERALLY ; Other Monetary Relief, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 09/14/2005 Relief Awarded: Actual/Compensatory Damages, Relief Request has been denied in full; Punitive/Exemplary Damages, Relief Request has been denied in full; Other costs, Relief Request has been denied in full; Interest, Relief Request has been denied in full; Attorney's Fees, Relief Request has been denied in full; Other Monetary Relief, Relief Request has been denied in full ** BROKERAGE FIRM ARBITRATION (5 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 07/07/2004 Case Number: 04-04744 Allegations: Fraudulent Activity-Misrepresentation; Fraudulent Activity - Omission of Facts; Account Related-Negligence; Account Related - Failure to Supervise Type of Securities: Common Stock Relief Asked: Actual/Compensatory Damages, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Attorney's Fees, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Other costs, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Interest, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 08/26/2005 Relief Awarded: Actual/Compensatory Damages, Relief Request has been denied in full; Attorney's Fees, Relief Request has been denied in full; Other costs, Relief Request has NASD BrokerCheck October 14, 2005 Page 245 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) been denied in full; Interest, Relief Request has been denied in full ** BROKERAGE FIRM ARBITRATION (6 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 07/11/2003 Case Number: 03-03604 Allegations: Fraudulent Activity-Suitability; Account Related-Breach of Contract; Fraudulent Activity-Brch of Fiduciary Dt Type of Securities: Common Stock Relief Asked: Actual/Compensatory Damages, ASKED AMOUNT $1,200,000.00 JOINTLY AND SEVERALLY; Actual/Compensatory Damages, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Actual/Compensatory Damages, ASKED AMOUNT $100,000.00 JOINTLY AND SEVERALLY; Actual/Compensatory Damages, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Actual/Compensatory Damages, ASKED AMOUNT $63,000.00 JOINTLY AND SEVERALLY; Actual/Compensatory Damages, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 08/11/2005 Relief Awarded: Actual/Compensatory Damages, Relief Request has been denied in full; Actual/Compensatory Damages, Relief Request has been denied in full; Actual/Compensatory Damages, Relief Request has been denied in full; Actual/Compensatory Damages, Relief Request has been denied in full; Actual/Compensatory Damages, Relief Request has been denied in full; Actual/Compensatory Damages, Relief Request has been denied in full ** BROKERAGE FIRM ARBITRATION (7 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 02/02/2005 Case Number: 04-07847 Allegations: Account Related-Breach of Contract; Account Related-Negligence; Fraudulent Activity-Brch of Fiduciary Dt; Fraudulent Activity-Misrepresentation Type of Securities: Common Stock Relief Asked: Actual/Compensatory Damages, ASKED AMOUNT $21,786.00 SEVERALLY ; Punitive/Exemplary Damages, ASKED AMOUNT $2,179.00 SEVERALLY ; Interest, ASKED AMOUNT $1,470.73 SEVERALLY ; Attorney's Fees, ASKED AMOUNT $3,880.00 SEVERALLY ; Other costs, ASKED AMOUNT $425.00 SEVERALLY ; Other Monetary Relief, ASKED AMOUNT $467.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 08/10/2005 Relief Awarded: Actual/Compensatory Damages, Relief Request has been denied in full; Punitive/Exemplary Damages, Relief Request has been denied in full; Interest, Relief Request has been denied in full; Attorney's Fees, Relief Request has been denied in full; Other costs, Relief Request has been denied in full; Other Monetary Relief, Relief Request has been denied in full ** BROKERAGE FIRM ARBITRATION (8 of 560) ** NASD BrokerCheck October 14, 2005 Page 246 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 02/08/2005 Case Number: 05-00639 Allegations: Account Related-Negligence Type of Securities: Unknown type of securities Relief Asked: Actual/Compensatory Damages, ASKED AMOUNT $16,814.74 SEVERALLY ; Other Monetary Relief, ASKED AMOUNT $11,200.00 SEVERALLY ; Attorney's Fees, ASKED AMOUNT $0.00 SEVERALLY ; Interest, ASKED AMOUNT $0.00 SEVERALLY ; Other Monetary Relief, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 07/29/2005 Relief Awarded: Actual/Compensatory Damages, Relief Request has been denied in full; Other Monetary Relief, Relief Request has been denied in full; Attorney's Fees, Relief Request has been denied in full; Interest, Relief Request has been denied in full; Other Monetary Relief, Relief Request has been denied in full 7c. Relief Asked: Other costs, ASKED AMOUNT $0.00 SEVERALLY 8a. Current Status: AWARD AGAINST PARTY 8b. Status Date: 07/29/2005 8c. Relief Awarded: Other costs, Relief has been awarded (partial or full, Award Amount $106.25 ** BROKERAGE FIRM ARBITRATION (9 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/07/2004 Case Number: 04-03967 Allegations: Account Related-Breach of Contract; Account Related-Negligence; Account Related - Failure to Supervise; Fraudulent Activity-Brch of Fiduciary Dt Type of Securities: Annuities;Common Stock;Mutual Funds;Other types of securities Relief Asked: Attorney's Fees, ASKED AMOUNT $0.00 SEVERALLY ; Other costs, ASKED AMOUNT $0.00 SEVERALLY ; Interest, ASKED AMOUNT $0.00 SEVERALLY ; Actual/Compensatory Damages, ASKED AMOUNT $113,592.00 SEVERALLY ; Punitive/Exemplary Damages, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 07/29/2005 Relief Awarded: Attorney's Fees, Relief Request has been denied in full; Other costs, Relief Request has been denied in full; Interest, Relief has been awarded (partial or full, Award Amount $0.01; Actual/Compensatory Damages, Relief has been awarded (partial or full, Award Amount $46,058.00; Punitive/Exemplary Damages, Relief Request has been denied in full ** BROKERAGE FIRM ARBITRATION (10 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD NASD BrokerCheck October 14, 2005 Page 247 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Served Date: 06/30/2004 Case Number: 04-02005 Allegations: Account Related - Failure to Supervise; Fraudulent Activity-Brch of Fiduciary Dt; Fraudulent Activity-Misrepresentation Type of Securities: Other types of securities Relief Asked: Actual/Compensatory Damages, ASKED AMOUNT $50,000.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 07/25/2005 Relief Awarded: Actual/Compensatory Damages, Relief Request has been denied in full ** BROKERAGE FIRM ARBITRATION (11 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 07/24/2003 Case Number: 03-04740 Allegations: Fraudulent Activity-Brch of Fiduciary Dt; Account Related-Breach of Contract; Account Related-Negligence Type of Securities: Annuities Relief Asked: Actual/Compensatory Damages, ASKED AMOUNT $269,294.89 SEVERALLY ; Treble Damages, ASKED AMOUNT $538,589.78 SEVERALLY ; Punitive/Exemplary Damages, ASKED AMOUNT $0.00 SEVERALLY ; Interest, ASKED AMOUNT $0.00 SEVERALLY ; Attorney's Fees, ASKED AMOUNT $0.00 SEVERALLY ; Other costs, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 07/21/2005 Relief Awarded: Actual/Compensatory Damages, Relief has been awarded (partial or full, Award Amount $111,375.82; Treble Damages, Relief Request has been denied in full; Punitive/Exemplary Damages, Relief Request has been denied in full; Interest, Relief has been awarded (partial or full, Award Amount $0.01; Attorney's Fees, Relief Request has been denied in full; Other costs, Relief has been awarded (partial or full, Award Amount $375.00 ** BROKERAGE FIRM ARBITRATION (12 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 08/17/2004 Case Number: 04-05549 Allegations: Fraudulent Activity-Misrepresentation; Account Related - Failure to Supervise; Account Related-Negligence; Fraudulent Activity-Brch of Fiduciary Dt Type of Securities: Unknown type of securities Relief Asked: Actual/Compensatory Damages, ASKED AMOUNT $669,099.00 JOINTLY AND SEVERALLY; Punitive/Exemplary Damages, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Attorney's Fees, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Interest, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Other costs, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Other Monetary Relief, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY NASD BrokerCheck October 14, 2005 Page 248 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Disposition: AWARD AGAINST PARTY Disposition Date: 07/14/2005 Relief Awarded: Actual/Compensatory Damages, Relief has been awarded (partial or full, Award Amount $135,000.00; Punitive/Exemplary Damages, Relief Request has been denied in full; Attorney's Fees, Relief has been awarded (partial or full, Award Amount $50,000.00; Interest, Relief has been awarded (partial or full; Other costs, Relief has been awarded (partial or full, Award Amount $26,778.00; Other Monetary Relief, Relief Request has been denied in full ** BROKERAGE FIRM ARBITRATION (13 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 03/10/2004 Case Number: 04-01514 Allegations: Account Related-Breach of Contract; Account Related-Negligence; Fraudulent Activity-Brch of Fiduciary Dt; Fraudulent Activity-Misrepresentation Type of Securities: Other types of securities Relief Asked: Actual/Compensatory Damages, ASKED AMOUNT $495,000.00 SEVERALLY ; Punitive/Exemplary Damages, ASKED AMOUNT $0.00 SEVERALLY ; Interest, ASKED AMOUNT $0.00 SEVERALLY ; Attorney's Fees, ASKED AMOUNT $0.00 SEVERALLY ; Other costs, ASKED AMOUNT $0.00 SEVERALLY ; Other Monetary Relief, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 07/12/2005 Relief Awarded: Actual/Compensatory Damages, Relief Request has been denied in full; Punitive/Exemplary Damages, Relief Request has been denied in full; Interest, Relief Request has been denied in full; Attorney's Fees, Relief Request has been denied in full; Other costs, Relief Request has been denied in full; Other Monetary Relief, Relief Request has been denied in full ** BROKERAGE FIRM ARBITRATION (14 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 01/28/2004 Case Number: 04-00486 Allegations: Account Related-Breach of Contract; Account Related-Negligence; Account Related - Failure to Supervise; Fraudulent Activity-Brch of Fiduciary Dt Type of Securities: Common Stock Relief Asked: Actual/Compensatory Damages, ASKED AMOUNT $230,500.00 SEVERALLY ; Interest, ASKED AMOUNT $23,209.00 SEVERALLY ; Other Monetary Relief, ASKED AMOUNT $0.00 SEVERALLY ; Punitive/Exemplary Damages, ASKED AMOUNT $0.00 SEVERALLY ; Other costs, ASKED AMOUNT $0.00 SEVERALLY ; Attorney's Fees, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/23/2005 Relief Awarded: Actual/Compensatory Damages, Relief has been awarded (partial or full, Award Amount $42,000.00; Interest, NASD BrokerCheck October 14, 2005 Page 249 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief has been awarded (partial or full, Award Amount $0.01; Other Monetary Relief, Relief has been awarded (partial or full; Punitive/Exemplary Damages, Relief Request has been denied in full; Other costs, Relief has been awarded (partial or full, Award Amount $4,844.00; Attorney's Fees, Relief has been awarded (partial or full, Award Amount $28,000.00 7c. Relief Asked: Other costs, ASKED AMOUNT $0.00 SEVERALLY 8a. Current Status: AWARD AGAINST PARTY 8b. Status Date: 06/23/2005 8c. Relief Awarded: Other costs, Relief has been awarded (partial or full, Award Amount $10,462.00 ** BROKERAGE FIRM ARBITRATION (15 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 07/23/2004 Case Number: 04-05194 Allegations: Fraudulent Activity-Brch of Fiduciary Dt; Account Related-Breach of Contract; Account Related-Negligence Type of Securities: Unknown type of securities Relief Asked: Actual/Compensatory Damages, ASKED AMOUNT $492,000.00 SEVERALLY ; Punitive/Exemplary Damages, ASKED AMOUNT $0.00 SEVERALLY ; Interest, ASKED AMOUNT $0.00 SEVERALLY ; Attorney's Fees, ASKED AMOUNT $0.00 SEVERALLY ; Other costs, ASKED AMOUNT $0.00 SEVERALLY ; Other Monetary Relief, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 06/22/2005 Relief Awarded: Actual/Compensatory Damages, Relief Request has been denied in full; Punitive/Exemplary Damages, Relief Request has been denied in full; Interest, Relief Request has been denied in full; Attorney's Fees, Relief Request has been denied in full; Other costs, Relief Request has been denied in full; Other Monetary Relief, Relief Request has been denied in full ** BROKERAGE FIRM ARBITRATION (16 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 05/26/2004 Case Number: 04-03707 Allegations: Account Related-Breach of Contract; Fraudulent Activity-Suitability; Fraudulent Activity-Misrepresentation; Account Related-Negligence Type of Securities: Unknown type of securities Relief Asked: Actual/Compensatory Damages, ASKED AMOUNT $500,000.00 SEVERALLY ; Punitive/Exemplary Damages, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Interest, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Attorney's Fees, ASKED AMOUNT $0.00 SEVERALLY ; Other costs, ASKED AMOUNT $0.00 SEVERALLY ; Other Monetary Relief, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/17/2005 Relief Awarded: Actual/Compensatory Damages, Relief has been awarded (partial or full, Award Amount $95,000.00; Punitive/Exemplary Damages, Relief Request has been denied in full; Interest, Relief has been awarded (partial or full; Attorney's Fees, Relief has been awarded (partial or full, Award Amount $40,000.00; NASD BrokerCheck October 14, 2005 Page 250 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Other costs, Relief has been awarded (partial or full, Award Amount $10,000.00; Other Monetary Relief, Relief Request has been denied in full 7c. Relief Asked: Actual/Compensatory Damages, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Actual/Compensatory Damages, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8a. Current Status: AWARD AGAINST PARTY 8b. Status Date: 06/17/2005 8c. Relief Awarded: Actual/Compensatory Damages, Relief has been awarded (partial or full, Award Amount $10,000.00; Actual/Compensatory Damages, Relief has been awarded (partial or full, Award Amount $10,000.00 ** BROKERAGE FIRM ARBITRATION (17 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 02/18/2004 Case Number: 04-01017 Allegations: Account Related-Breach of Contract; Account Related-Negligence; Account Related - Failure to Supervise; Fraudulent Activity-Misrepresentation Type of Securities: Annuities;Other types of securities Relief Asked: Actual/Compensatory Damages, ASKED AMOUNT $400,000.00 SEVERALLY ; Actual/Compensatory Damages, ASKED AMOUNT $0.00 SEVERALLY ; Punitive/Exemplary Damages, ASKED AMOUNT $0.00 SEVERALLY ; Punitive/Exemplary Damages, ASKED AMOUNT $0.00 SEVERALLY ; Other costs, ASKED AMOUNT $0.00 SEVERALLY ; Other costs, ASKED AMOUNT $0.00 SEVERALLY ; Attorney's Fees, ASKED AMOUNT $0.00 SEVERALLY ; Attorney's Fees, ASKED AMOUNT $0.00 SEVERALLY ; Other Monetary Relief, ASKED AMOUNT $0.00 SEVERALLY ; Other Monetary Relief, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/06/2005 Relief Awarded: Actual/Compensatory Damages, Relief has been awarded (partial or full, Award Amount $60,701.00; Actual/Compensatory Damages, Relief has been awarded (partial or full, Award Amount $0.01; Punitive/Exemplary Damages, Relief Request has been denied in full; Punitive/Exemplary Damages, Relief Request has been denied in full; Other costs, Relief Request has been denied in full; Other costs, Relief Request has been denied in full; Attorney's Fees, Relief Request has been denied in full; Attorney's Fees, Relief Request has been denied in full; Other Monetary Relief, Relief Request has been denied in full; Other Monetary Relief, Relief Request has been denied in full 7c. Relief Asked: Interest, ASKED AMOUNT $0.00 SEVERALLY ; Interest, ASKED AMOUNT $0.00 SEVERALLY 8a. Current Status: AWARD AGAINST PARTY 8b. Status Date: 06/06/2005 8c. Relief Awarded: Interest, Relief has been awarded (partial or full, Award Amount $0.01; Interest, Relief has been awarded (partial or full, Award Amount $0.01 ** BROKERAGE FIRM ARBITRATION (18 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 05/03/2004 Case Number: 04-03154 Allegations: Fraudulent Activity-Brch of Fiduciary Dt; Fraudulent Activity-Misrepresentation; Fraudulent Activity - Omission of Facts Type of Securities: Unknown type of securities NASD BrokerCheck October 14, 2005 Page 251 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Asked: Actual/Compensatory Damages, ASKED AMOUNT $534,012.44 JOINTLY AND SEVERALLY; Punitive/Exemplary Damages, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Interest, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Attorney's Fees, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Other costs, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Other Monetary Relief, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/26/2005 Relief Awarded: Actual/Compensatory Damages, Relief Request has been denied in full; Punitive/Exemplary Damages, Relief Request has been denied in full; Interest, Relief Request has been denied in full; Attorney's Fees, Relief Request has been denied in full; Other costs, Relief Request has been denied in full; Other Monetary Relief, Relief Request has been denied in full ** BROKERAGE FIRM ARBITRATION (19 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 06/17/2004 Case Number: 04-04212 Allegations: Account Related-Margin Calls; Account Related-Negligence; Account Related - Failure to Supervise; Fraudulent Activity-Suitability Type of Securities: Common Stock;Preferred Stock Relief Asked: Actual/Compensatory Damages, ASKED AMOUNT $919,000.00 JOINTLY AND SEVERALLY; Punitive/Exemplary Damages, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Attorney's Fees, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Interest, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Other costs, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Other Monetary Relief, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/25/2005 Relief Awarded: Actual/Compensatory Damages, Relief has been awarded (partial or full, Award Amount $275,000.00; Punitive/Exemplary Damages, Relief Request has been denied in full; Attorney's Fees, Relief Request has been denied in full; Interest, Relief Request has been denied in full; Other costs, Relief Request has been denied in full; Other Monetary Relief, Relief Request has been denied in full ** BROKERAGE FIRM ARBITRATION (20 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 11/11/2002 Case Number: 02-06359 Allegations: Fraudulent Activity-Suitability; Account Related - Failure to Supervise; Fraudulent Activity-Unauthorized Trading; Fraudulent Activity-Brch of Fiduciary Dt Type of Securities: Common Stock;Mutual Funds Relief Asked: Actual/Compensatory Damages, ASKED AMOUNT $275,965.59 JOINTLY AND SEVERALLY; Punitive/Exemplary Damages, ASKED AMOUNT $551,931.18 JOINTLY AND SEVERALLY; Attorney's Fees, ASKED AMOUNT $0.00 JOINTLY AND NASD BrokerCheck October 14, 2005 Page 252 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) SEVERALLY; Actual/Compensatory Damages, ASKED AMOUNT $279,965.59 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/17/2005 Relief Awarded: Actual/Compensatory Damages, Relief Request has been denied in full; Punitive/Exemplary Damages, Relief Request has been denied in full; Attorney's Fees, Relief Request has been denied in full; Actual/Compensatory Damages, Relief has been awarded (partial or full, Award Amount $54,240.81 ** BROKERAGE FIRM ARBITRATION (21 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 01/21/2003 Case Number: 03-00099 Allegations: Fraudulent Activity-Other; Fraudulent Activity-Misrepresentation; Account Related-Negligence; Fraudulent Activity-Brch of Fiduciary Dt Type of Securities: Unknown type of securities Relief Asked: Actual/Compensatory Damages, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Punitive/Exemplary Damages, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Attorney's Fees, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Other costs, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Other Monetary Relief, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Interest, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Other Non-Monetary Relief, ASKED AMOUNT JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/13/2005 Relief Awarded: Actual/Compensatory Damages, Relief Request has been denied in full; Punitive/Exemplary Damages, Relief Request has been denied in full; Attorney's Fees, Relief Request has been denied in full; Other costs, Relief Request has been denied in full; Other Monetary Relief, Relief Request has been denied in full; Interest, Relief Request has been denied in full; Other Non-Monetary Relief, Relief Request has been denied in full ** BROKERAGE FIRM ARBITRATION (22 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 05/17/2004 Case Number: 04-03474 Allegations: Account Related-Breach of Contract; Account Related-Negligence; Account Related - Failure to Supervise; Fraudulent Activity-Brch of Fiduciary Dt Type of Securities: Common Stock Relief Asked: Actual/Compensatory Damages, ASKED AMOUNT $400,000.00 SEVERALLY ; Punitive/Exemplary Damages, ASKED AMOUNT $1,200,000.00 SEVERALLY ; Attorney's Fees, ASKED AMOUNT $0.00 SEVERALLY ; Other costs, ASKED AMOUNT $0.00 SEVERALLY ; Interest, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/09/2005 NASD BrokerCheck October 14, 2005 Page 253 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Awarded: Actual/Compensatory Damages, Relief has been awarded (partial or full, Award Amount $98,000.00; Punitive/Exemplary Damages, Relief Request has been denied in full; Attorney's Fees, Relief Request has been denied in full; Other costs, Relief Request has been denied in full; Interest, Relief Request has been denied in full ** BROKERAGE FIRM ARBITRATION (23 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 12/31/2002 Case Number: 02-07777 Allegations: Account Related-Negligence; Account Related - Failure to Supervise; Executions-Failure to Execute Type of Securities: Common Stock Relief Asked: Actual/Compensatory Damages, ASKED AMOUNT $482,135.20 JOINTLY AND SEVERALLY; Interest, ASKED AMOUNT $15,665.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/02/2005 Relief Awarded: Actual/Compensatory Damages, Relief has been awarded (partial or full, Award Amount $196,603.00; Interest, Relief has been awarded (partial or full, Award Amount $6,144.00 ** BROKERAGE FIRM ARBITRATION (24 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 12/09/2004 Case Number: 04-08354 Allegations: Account Related-Negligence; Account Related - Failure to Supervise; Fraudulent Activity-Brch of Fiduciary Dt; Fraudulent Activity-Suitability Type of Securities: Common Stock Relief Asked: Actual/Compensatory Damages, ASKED AMOUNT $7,852.86 SEVERALLY ; Punitive/Exemplary Damages, ASKED AMOUNT $8,695.00 SEVERALLY ; Other costs, ASKED AMOUNT $425.00 SEVERALLY ; Other costs, ASKED AMOUNT $356.37 SEVERALLY ; Other Monetary Relief, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/09/2005 Relief Awarded: Actual/Compensatory Damages, Relief Request has been denied in full; Punitive/Exemplary Damages, Relief Request has been denied in full; Other costs, Relief Request has been denied in full; Other costs, Relief Request has been denied in full; Other Monetary Relief, Relief Request has been denied in full ** BROKERAGE FIRM ARBITRATION (25 of 560) ** Type of Event: ARBITRATION Update: NO NASD BrokerCheck October 14, 2005 Page 254 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Arbitration Forum: NASD Case Served Date: 05/13/2004 Case Number: 04-03404 Allegations: Account Related-Breach of Contract; Fraudulent Activity-Suitability; Fraudulent Activity-Brch of Fiduciary Dt; Fraudulent Activity-Other Type of Securities: Common Stock Relief Asked: Actual/Compensatory Damages, ASKED AMOUNT $0.00 SEVERALLY ; Actual/Compensatory Damages, ASKED AMOUNT $0.00 SEVERALLY ; Attorney's Fees, ASKED AMOUNT $0.00 SEVERALLY ; Other costs, ASKED AMOUNT $0.00 SEVERALLY ; Other costs, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 04/22/2005 Relief Awarded: Actual/Compensatory Damages, Relief Request has been denied in full; Actual/Compensatory Damages, Relief Request has been denied in full; Attorney's Fees, Relief Request has been denied in full; Other costs, Relief Request has been denied in full; Other costs, Relief Request has been denied in full ** BROKERAGE FIRM ARBITRATION (26 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 08/10/2004 Case Number: 04-05109 Allegations: Fraudulent Activity-Misrepresentation; Fraudulent Activity-Brch of Fiduciary Dt; Account Related-Breach of Contract; Account Related-Negligence Type of Securities: Unknown type of securities Relief Asked: Actual/Compensatory Damages, ASKED AMOUNT $87,500.00 JOINTLY AND SEVERALLY; Punitive/Exemplary Damages, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Actual/Compensatory Damages, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Actual/Compensatory Damages, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Actual/Compensatory Damages, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Actual/Compensatory Damages, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Interest, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Attorney's Fees, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Other costs, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Other Monetary Relief, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 04/07/2005 Relief Awarded: Actual/Compensatory Damages, Relief Request has been denied in full; Punitive/Exemplary Damages, Relief Request has been denied in full; Actual/Compensatory Damages, Relief Request has been denied in full; Actual/Compensatory Damages, Relief Request has been denied in full; Actual/Compensatory Damages, Relief Request has been denied in full; Actual/Compensatory Damages, Relief Request has been denied in full; Interest, Relief Request has been denied in full; Attorney's Fees, Relief Request has been denied in full; Other costs, Relief Request has been denied in full; Other Monetary Relief, Relief Request has been denied in full ** BROKERAGE FIRM ARBITRATION (27 of 560) ** Type of Event: ARBITRATION NASD BrokerCheck October 14, 2005 Page 255 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Update: YES Arbitration Forum: NASD Case Served Date: 07/22/2003 Case Number: 03-05245 Allegations: Account Related-Breach of Contract; Account Related-Negligence; Account Related - Failure to Supervise; Executions-Execution Price Type of Securities: Common Stock;Options Relief Asked: Actual/Compensatory Damages, ASKED AMOUNT $8,000,000.00 SEVERALLY ; Actual/Compensatory Damages, ASKED AMOUNT $0.00 SEVERALLY ; Actual/Compensatory Damages, ASKED AMOUNT $0.00 SEVERALLY ; Actual/Compensatory Damages, ASKED AMOUNT $0.00 SEVERALLY ; Actual/Compensatory Damages, ASKED AMOUNT $0.00 SEVERALLY ; Actual/Compensatory Damages, ASKED AMOUNT $0.00 SEVERALLY ; Actual/Compensatory Damages, ASKED AMOUNT $0.00 SEVERALLY ; Actual/Compensatory Damages, ASKED AMOUNT $0.00 SEVERALLY ; Actual/Compensatory Damages, ASKED AMOUNT $0.00 SEVERALLY ; Punitive/Exemplary Damages, ASKED AMOUNT $8,000,000.00 JOINTLY AND SEVERALLY; Interest, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Attorney's Fees, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Other costs, ASKED AMOUNT $0.00 SEVERALLY ; Other Monetary Relief, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Actual/Compensatory Damages, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 03/31/2005 Relief Awarded: Actual/Compensatory Damages, Relief has been awarded (partial or full, Award Amount $83,389.27; Actual/Compensatory Damages, Relief has been awarded (partial or full, Award Amount $32,857.55; Actual/Compensatory Damages, Relief has been awarded (partial or full, Award Amount $35,469.80; Actual/Compensatory Damages, Relief has been awarded (partial or full, Award Amount $38,774.54; Actual/Compensatory Damages, Relief has been awarded (partial or full, Award Amount $28,891.92; Actual/Compensatory Damages, Relief has been awarded (partial or full, Award Amount $37,265.00; Actual/Compensatory Damages, Relief has been awarded (partial or full, Award Amount $34,809.02; Actual/Compensatory Damages, Relief has been awarded (partial or full, Award Amount $14,572.66; Actual/Compensatory Damages, Relief has been awarded (partial or full; Punitive/Exemplary Damages, Relief Request has been denied in full; Interest, Relief Request has been denied in full; Attorney's Fees, Relief Request has been denied in full; Other costs, Relief has been awarded (partial or full, Award Amount $50,420.50; Other Monetary Relief, Relief Request has been denied in full; Actual/Compensatory Damages, Relief has been awarded (partial or full, Award Amount $14,338.29 ** BROKERAGE FIRM ARBITRATION (28 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 10/22/2004 Case Number: 04-07387 Allegations: Fraudulent Activity-Suitability Type of Securities: Real Estate Investment Trust;Other types of securities Relief Asked: Actual/Compensatory Damages, ASKED AMOUNT $16,425.28 JOINTLY AND SEVERALLY; Punitive/Exemplary Damages, ASKED AMOUNT $8,000.00 JOINTLY AND SEVERALLY; Other costs, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; Other Monetary Relief, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY NASD BrokerCheck October 14, 2005 Page 256 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Disposition: AWARD AGAINST PARTY Disposition Date: 03/17/2005 Relief Awarded: Actual/Compensatory Damages, Relief Request has been denied in full; Punitive/Exemplary Damages, Relief Request has been denied in full; Other costs, Relief Request has been denied in full; Other Monetary Relief, Relief Request has been denied in full 7c. Relief Asked: Other costs, ASKED AMOUNT $0.00 SEVERALLY 8a. Current Status: AWARD AGAINST PARTY 8b. Status Date: 03/17/2005 8c. Relief Awarded: Other costs, Relief has been awarded (partial or full, Award Amount $425.00 ** BROKERAGE FIRM ARBITRATION (29 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 01/26/2004 Case Number: 03-09157 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-MARGIN CALLS; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 02/11/2005 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (30 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 12/04/2003 Case Number: 03-08497 Allegations: ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMON STOCK;MUTUAL FUNDS;OTHER TYPES OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $231,000.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 01/24/2005 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $10,000.00; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER NASD BrokerCheck October 14, 2005 Page 257 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $0.01 ** BROKERAGE FIRM ARBITRATION (31 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 04/23/2004 Case Number: 04-02948 Allegations: ACCOUNT RELATED-NEGLIGENCE; EXECUTIONS-FAILURE TO EXECUTE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $158,948.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 01/07/2005 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (32 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 11/25/2002 Case Number: 02-06853 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $286,000.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; SPECIFIC PERFORMANCE, ASKED AMOUNT SEVERALLY ; SPECIFIC PERFORMANCE, ASKED AMOUNT SEVERALLY ; SPECIFIC PERFORMANCE, ASKED AMOUNT SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 12/24/2004 NASD BrokerCheck October 14, 2005 Page 258 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; SPECIFIC PERFORMANCE, RELIEF REQUEST HAS BEEN DENIED IN FULL; SPECIFIC PERFORMANCE, RELIEF REQUEST HAS BEEN DENIED IN FULL; SPECIFIC PERFORMANCE, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (33 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 03/03/2004 Case Number: 04-00315 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $101,679.32 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 12/23/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (34 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 12/03/2002 Case Number: 02-07121 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: COMMON STOCK;ANNUITIES;MUTUAL FUNDS;OTHER TYPES OF SECURITIES NASD BrokerCheck October 14, 2005 Page 259 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Asked: PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $1,800,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $3,600,000.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 12/17/2004 Relief Awarded: PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $558,493.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $133,214.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $115,674.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $140,971.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $144,982.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $850,000.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $433,763.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $65,175.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $398,640.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 12/17/2004 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $70,000.00; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $55,000.00; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $28,000.00; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $15,000.00; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $14,000.00; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $60,000.00; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL ** BROKERAGE FIRM ARBITRATION (35 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 09/24/2003 Case Number: 03-06806 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $504,000.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 12/14/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN NASD BrokerCheck October 14, 2005 Page 260 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (36 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 03/05/2004 Case Number: 04-01454 Allegations: ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 12/10/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $3,343.86; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $15,000.00; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (37 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 06/26/2003 Case Number: 03-04399 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE Type of Securities: ANNUITIES;OTHER TYPES OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $782,644.09 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 11/24/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 11/24/2004 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $73,000.00; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT NASD BrokerCheck October 14, 2005 Page 261 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) $0.01 ** BROKERAGE FIRM ARBITRATION (38 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/04/2003 Case Number: 03-00703 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-OTHER; FRAUDULENT ACTIVITY-SUITABILITY; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $503,805.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 11/09/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $237,338.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $375.00; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (39 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/21/2002 Case Number: 02-04479 Allegations: ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY - OMISSION OF FACTS Type of Securities: COMMON STOCK;OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $168,000.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 11/04/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (40 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 04/21/2003 NASD BrokerCheck October 14, 2005 Page 262 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Number: 03-02558 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $345,229.81 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $92,574.61 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $18,128.10 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $16,937.01 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $100,000.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $81,743.59 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $18,287.19 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $3,581.02 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $3,345.74 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $250,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $19,754.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 10/29/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (41 of 560) ** NASD BrokerCheck October 14, 2005 Page 263 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 10/13/2003 Case Number: 03-07304 Allegations: ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-BREACH OF CONTRACT; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $1,876,000.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 10/26/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (42 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/28/2003 Case Number: 03-01737 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE; EXECUTIONS-FAILURE TO EXECUTE; ACCOUNT RELATED-TRANSFER Type of Securities: COMMON STOCK;MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $36,995.43 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 10/26/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; NASD BrokerCheck October 14, 2005 Page 264 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 10/26/2004 8C. RELIEF AWARDED: ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $17,125.00; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $12,665.00; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $34,624.31 ** BROKERAGE FIRM ARBITRATION (43 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 06/26/2003 Case Number: 03-04566 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: ANNUITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $79,170.64 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $200,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 10/15/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $25,000.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $300.00; OTHER MONETARY RELIEF, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $1,000.00; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (44 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 10/25/2003 Case Number: 03-07423 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $48,400.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 10/13/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS NASD BrokerCheck October 14, 2005 Page 265 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (45 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 04/24/2003 Case Number: 03-02871 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: COMMON STOCK;MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $1,300,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 10/12/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (46 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 01/30/2003 Case Number: 03-00557 Allegations: ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-OTHER Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $1,000,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 10/12/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $1,000,000.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 10/12/2004 8C. NASD BrokerCheck October 14, 2005 Page 266 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $75,000.00 ** BROKERAGE FIRM ARBITRATION (47 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 09/10/2003 Case Number: 03-06220 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS Type of Securities: ANNUITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $48,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $450,000.00 JOINTLY AND SEVERALLY; SPECIFIC PERFORMANCE, ASKED AMOUNT JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; SPECIFIC PERFORMANCE, ASKED AMOUNT JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 10/11/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $24,132.27; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; SPECIFIC PERFORMANCE, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $0.01; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; SPECIFIC PERFORMANCE, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.01 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.01 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 10/11/2004 8C. RELIEF AWARDED: INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $0.01; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $0.01; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $300.00; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $0.01 ** BROKERAGE FIRM ARBITRATION (48 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 08/11/2003 Case Number: 03-05782 Allegations: ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $65,563.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY NASD BrokerCheck October 14, 2005 Page 267 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Disposition: NO AWARD AGAINST PARTY Disposition Date: 09/29/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (49 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 12/10/2003 Case Number: 03-08660 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: COMMON STOCK;MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $538,038.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $150,000.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 09/23/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (50 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 10/15/2003 Case Number: 03-07353 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED - FAILURE TO SUPERVISE; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-MARGIN CALLS Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $9,500.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $500.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $325.00 JOINTLY AND SEVERALLY; SPECIFIC PERFORMANCE, ASKED AMOUNT JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $135.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 09/21/2004 NASD BrokerCheck October 14, 2005 Page 268 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; SPECIFIC PERFORMANCE, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 09/21/2004 8C. RELIEF AWARDED: OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $75.00 ** BROKERAGE FIRM ARBITRATION (51 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 03/11/2004 Case Number: 04-00694 Allegations: ACCOUNT RELATED - FAILURE TO SUPERVISE; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: CORPORATE BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $5,000.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $10,000.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 09/16/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (52 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/21/2003 Case Number: 03-01886 Allegations: ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-BREACH OF CONTRACT; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: ANNUITIES;UNKNOWN TYPE OF SECURITIES ** BROKERAGE FIRM ARBITRATION (53 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 02/23/2004 Case Number: 04-01106 Allegations: ACCOUNT RELATED-NEGLIGENCE Type of Securities: PREFERRED STOCK NASD BrokerCheck October 14, 2005 Page 269 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $6,045.50 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $325.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 08/13/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $5,690.00; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (54 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/24/2001 Case Number: 01-04009 Allegations: ACCOUNT RELATED-MARGIN CALLS; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: COMMON STOCK;MUTUAL FUNDS;MUNICIPAL BOND FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $880,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 08/11/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 08/11/2004 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $44,117.85; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL ** BROKERAGE FIRM ARBITRATION (55 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 01/15/2003 Case Number: 02-07663 Allegations: FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED - FAILURE TO NASD BrokerCheck October 14, 2005 Page 270 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) SUPERVISE Type of Securities: MUTUAL FUNDS;CORPORATE BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $70,000.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 07/09/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (56 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 06/17/2003 Case Number: 03-04176 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: ANNUITIES;MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $250,000.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $250,000.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $192,014.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $300,000.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $192,014.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $300,000.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 07/08/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $138,000.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (57 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 03/12/2003 Case Number: 02-07855 NASD BrokerCheck October 14, 2005 Page 271 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Allegations: FRAUDULENT ACTIVITY - OMISSION OF FACTS; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: ANNUITIES;MUTUAL FUNDS;COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $100,000.00 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $200,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/18/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $13,824.00; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (58 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 03/14/2003 Case Number: 03-01656 Allegations: ACCOUNT RELATED-MARGIN CALLS; FRAUDULENT ACTIVITY - OMISSION OF FACTS; ACCOUNT RELATED - FAILURE TO SUPERVISE; ACCOUNT RELATED-BREACH OF CONTRACT Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $130,000.00 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $260,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/16/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $52,013.00; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $0.01; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $300.00; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (59 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 11/14/2002 Case Number: 02-06621 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: COMMON STOCK;ANNUITIES;MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $1,009,652.00 NASD BrokerCheck October 14, 2005 Page 272 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $114,870.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $89,965.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/16/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $451,339.58; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $0.01; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $21,315.47; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 06/16/2004 8C. RELIEF AWARDED: OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $500.00 ** BROKERAGE FIRM ARBITRATION (60 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 06/10/2003 Case Number: 03-03853 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-BREACH OF CONTRACT; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $205,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $600,000.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $265,000.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/19/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 05/19/2004 8C. RELIEF AWARDED: OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $500.00 ** BROKERAGE FIRM ARBITRATION (61 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 06/25/2003 Case Number: 03-04559 NASD BrokerCheck October 14, 2005 Page 273 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $102,038.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/13/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (62 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 03/31/2003 Case Number: 03-01839 Allegations: ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMON STOCK;OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $450,000.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $85,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/07/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (63 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 11/29/2002 Case Number: 02-06996 Allegations: ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: COMMON STOCK;MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $120,000.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY NASD BrokerCheck October 14, 2005 Page 274 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Disposition: AWARD AGAINST PARTY Disposition Date: 04/28/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $108,000.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $35,000.00; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $0.01 ** BROKERAGE FIRM ARBITRATION (64 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 07/16/2002 Case Number: 02-04041 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $80,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $40,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 04/07/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 04/07/2004 8C. RELIEF AWARDED: OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $300.00 ** BROKERAGE FIRM ARBITRATION (65 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 08/22/2003 Case Number: 03-05969 Allegations: ACCOUNT RELATED-MARGIN CALLS; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $24,500.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 04/01/2004 NASD BrokerCheck October 14, 2005 Page 275 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $425.00 ** BROKERAGE FIRM ARBITRATION (66 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 10/09/2002 Case Number: 02-04895 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMON STOCK;MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $773,973.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $2,321,919.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 01/09/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $0.01; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 01/09/2004 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $40,000.00; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $360.00; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $240.00 ** BROKERAGE FIRM ARBITRATION (67 of 560) ** Type of Event: ARBITRATION Update: YES NASD BrokerCheck October 14, 2005 Page 276 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Arbitration Forum: NASD Case Served Date: 04/07/2003 Case Number: 03-02369 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-NEGLIGENCE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 03/18/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $106,383.02; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $250.00; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: SPECIFIC PERFORMANCE, ASKED AMOUNT SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 03/18/2004 8C. RELIEF AWARDED: SPECIFIC PERFORMANCE, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT ** BROKERAGE FIRM ARBITRATION (68 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 05/29/2003 Case Number: 03-03783 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED - FAILURE TO SUPERVISE; EXECUTIONS-FAILURE TO EXECUTE Type of Securities: COMMON STOCK;MUNICIPAL BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 03/16/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (69 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD NASD BrokerCheck October 14, 2005 Page 277 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Served Date: 04/16/2003 Case Number: 03-02599 Allegations: FRAUDULENT ACTIVITY-OTHER; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-BREACH OF CONTRACT; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $99,999.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 03/09/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 03/09/2004 8C. RELIEF AWARDED: OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $225.00 ** BROKERAGE FIRM ARBITRATION (70 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 10/21/2002 Case Number: 02-05859 Allegations: FRAUDULENT ACTIVITY-OTHER; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $182,678.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 03/05/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $182,678.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 03/05/2004 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $27,000.00; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $0.01 ** BROKERAGE FIRM ARBITRATION (71 of 560) ** Type of Event: ARBITRATION NASD BrokerCheck October 14, 2005 Page 278 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Update: YES Arbitration Forum: NASD Case Served Date: 01/03/2002 Case Number: 01-07149 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACH OF CONTRACT Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $500,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 03/04/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $500,000.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 03/04/2004 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $20,000.00 ** BROKERAGE FIRM ARBITRATION (72 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 10/03/2002 Case Number: 02-05813 Allegations: ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $2,000,000.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 02/26/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (73 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 10/16/2002 Case Number: 02-05926 NASD BrokerCheck October 14, 2005 Page 279 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: COMMON STOCK;ANNUITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $100,001.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $47,188.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 02/18/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $20,100.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $0.01; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $10,000.00; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $2,000.00; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 02/18/2004 8C. RELIEF AWARDED: OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $1,800.00; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $300.00 ** BROKERAGE FIRM ARBITRATION (74 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 05/30/2002 Case Number: 02-02926 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $153,763.07 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $300,000.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 02/12/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (75 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 12/03/2002 Case Number: 02-06821 NASD BrokerCheck October 14, 2005 Page 280 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $25,000.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 02/03/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $15,332.79; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $1,967.17; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $20,509.06; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (76 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 09/30/2002 Case Number: 02-04768 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: COMMON STOCK;CORPORATE BONDS;MUTUAL FUNDS Relief Asked: OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 02/03/2004 Relief Awarded: OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $300.00; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL ** BROKERAGE FIRM ARBITRATION (77 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 01/08/2003 Case Number: 02-07846 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $500,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $400,000.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY NASD BrokerCheck October 14, 2005 Page 281 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Disposition: AWARD AGAINST PARTY Disposition Date: 01/16/2004 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 01/16/2004 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $245,114.10; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $41,942.00; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $5,000.00 ** BROKERAGE FIRM ARBITRATION (78 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/22/1998 Case Number: 98-00089 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $750,000.00 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $1,500,000.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 03/25/1999 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (79 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/10/1997 Case Number: 97-03320 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-BREACH OF CONTRACT Type of Securities: COMMON STOCK NASD BrokerCheck October 14, 2005 Page 282 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $41,000.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 04/23/1998 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $520.00; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (80 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/05/1997 Case Number: 97-01836 Allegations: FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: WARRANTS/RIGHTS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $56,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 03/12/1998 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (81 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 11/22/1996 Case Number: 96-04589 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-TRANSFER Type of Securities: OTHER TYPES OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $178,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 08/05/1998 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $40,000.00; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF NASD BrokerCheck October 14, 2005 Page 283 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (82 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/21/1996 Case Number: 96-00709 Allegations: FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-MISREPRESENTATION; EXECUTIONS-FAILURE TO EXECUTE; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: COMMON STOCK;CORPORATE BONDS;MUNICIPAL BOND FUNDS Relief Asked: INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $95,884.36 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $100,000.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/15/1997 Relief Awarded: INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (83 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 10/14/1994 Case Number: 94-02836 Allegations: FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: MUNICIPAL BOND FUNDS;GOVERNMENT SECURITIES;OTHER TYPES OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,000.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 04/24/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $10,000.00 ** BROKERAGE FIRM ARBITRATION (84 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/02/1994 Case Number: 94-02066 Allegations: ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING Type of Securities: COMMON STOCK NASD BrokerCheck October 14, 2005 Page 284 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $19,778.80 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $15,000.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 11/13/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (85 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/07/1994 Case Number: 93-04604 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY; ACCOUNT RELATED-BREACH OF CONTRACT; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $218,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 03/03/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $75,000.00; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $950.00; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (86 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/07/1994 Case Number: 93-03830 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: CORPORATE BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $7,000.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 02/27/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL NASD BrokerCheck October 14, 2005 Page 285 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ** BROKERAGE FIRM ARBITRATION (87 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 05/18/1993 Case Number: 93-01454 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACH OF CONTRACT Type of Securities: COMMON STOCK;OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $98,840.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $500,000.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $1,250.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 10/13/1994 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $28,000.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $1,250.00; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 10/13/1994 8C. RELIEF AWARDED: INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL ** BROKERAGE FIRM ARBITRATION (88 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/21/1993 Case Number: 93-00112 Allegations: ACCOUNT RELATED-OTHER; FRAUDULENT ACTIVITY-OTHER Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $100,000.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 12/23/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $37,800.00; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $100,000.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 12/23/1993 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (89 of 560) ** Type of Event: ARBITRATION NASD BrokerCheck October 14, 2005 Page 286 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Update: YES Arbitration Forum: NASD Case Served Date: 06/20/1991 Case Number: 91-01818 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: COMMON STOCK Relief Asked: SPECIFIC PERFORMANCE, ASKED AMOUNT JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 12/02/1991 Relief Awarded: SPECIFIC PERFORMANCE, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT ** BROKERAGE FIRM ARBITRATION (90 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 10/31/1989 Case Number: 89-02982 Allegations: Type of Securities: COMMON STOCK Relief Asked: SPECIFIC PERFORMANCE, ASKED AMOUNT JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $1,000,000.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 02/21/1991 Relief Awarded: SPECIFIC PERFORMANCE, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT ; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (91 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-00991 Allegations: FRAUDULENT ACTIVITY - OMISSION OF FACTS; EXECUTIONS-FAILURE TO EXECUTE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $20,100.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/03/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: NO AWARD AGAINST PARTY 8B. STATUS DATE: 05/03/1989 8C. RELIEF AWARDED: INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL NASD BrokerCheck October 14, 2005 Page 287 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ** BROKERAGE FIRM ARBITRATION (92 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/07/2000 Case Number: 00-02499 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: COMMODITIES FUTURES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $112,566.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $100,000.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 12/31/2001 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (93 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 12/02/2002 Case Number: 02-06831 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-OTHER Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $250,000.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $250,000.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 12/17/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (94 of 560) ** Type of Event: ARBITRATION Update: NO NASD BrokerCheck October 14, 2005 Page 288 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Arbitration Forum: NASD Case Served Date: 07/22/2002 Case Number: 02-04072 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $234,000.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 12/03/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $107,500.00; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (95 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/14/2003 Case Number: 03-02620 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED - FAILURE TO SUPERVISE; TRADING DISPUTES-TRANSFERS; ACCOUNT RELATED-NEGLIGENCE Type of Securities: COMMON STOCK;MUTUAL FUNDS;CORPORATE BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $24,349.89 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $500.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $1,500.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 11/26/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $24,349.89 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 11/26/2003 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $5,000.00 ** BROKERAGE FIRM ARBITRATION (96 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD NASD BrokerCheck October 14, 2005 Page 289 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Served Date: 11/25/2002 Case Number: 02-06912 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY - OMISSION OF FACTS Type of Securities: COMMON STOCK;OTHER TYPES OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $180,343.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $250,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 11/04/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 11/04/2003 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $43,000.00; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $5,000.00; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $4,500.00 ** BROKERAGE FIRM ARBITRATION (97 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 11/20/2002 Case Number: 02-06817 Allegations: ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-BREACH OF CONTRACT; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: COMMON STOCK;OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $72,000.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 10/15/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $65,475.52; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 10/15/2003 8C. RELIEF AWARDED: INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $0.01 ** BROKERAGE FIRM ARBITRATION (98 of 560) ** Type of Event: ARBITRATION NASD BrokerCheck October 14, 2005 Page 290 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Update: NO Arbitration Forum: NASD Case Served Date: 01/21/2003 Case Number: 03-00210 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED-NEGLIGENCE; EXECUTIONS-FAILURE TO EXECUTE Type of Securities: MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $20,138.74 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $1,409.71 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $875.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER NON-MONETARY RELIEF, ASKED AMOUNT JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 10/02/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER NON-MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (99 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/26/2003 Case Number: 03-01835 Allegations: ACCOUNT RELATED - FAILURE TO SUPERVISE; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-OTHER Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $25,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $9,516.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $425.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $22,067.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 10/01/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $212.50; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (100 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 11/13/2002 Case Number: 02-06539 NASD BrokerCheck October 14, 2005 Page 291 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $500,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $1,693.33 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $1,425.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 09/26/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $1,693.33; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $300.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 09/26/2003 8C. RELIEF AWARDED: OTHER MONETARY RELIEF, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $3,500.00 ** BROKERAGE FIRM ARBITRATION (101 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/04/2002 Case Number: 02-05099 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-NEGLIGENCE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $365,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 09/25/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $64,500.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $300.00; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (102 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD NASD BrokerCheck October 14, 2005 Page 292 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Served Date: 07/22/2002 Case Number: 02-04068 Allegations: ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: COMMON STOCK;MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $500,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 09/25/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $59,722.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $14,930.00; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (103 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/06/2002 Case Number: 02-02266 Allegations: ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $500,000.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 09/22/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (104 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 11/26/2001 Case Number: 01-06127 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS; ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $700,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; NASD BrokerCheck October 14, 2005 Page 293 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 09/04/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (105 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 11/09/2001 Case Number: 01-05901 Allegations: ACCOUNT RELATED-MARGIN CALLS; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: CERTIFICATE OF DEPOSIT;OTHER TYPES OF SECURITIES Relief Asked: ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 09/04/2003 Relief Awarded: ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 09/04/2003 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $13,150.33; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $0.01 ** BROKERAGE FIRM ARBITRATION (106 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/02/2002 Case Number: 02-03662 NASD BrokerCheck October 14, 2005 Page 294 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Allegations: ACCOUNT RELATED-MARGIN CALLS; ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $71,543.43 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 09/02/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (107 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/02/2002 Case Number: 02-02360 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED - FAILURE TO SUPERVISE; EXECUTIONS-EXECUTION PRICE; ACCOUNT RELATED-OTHER Type of Securities: COMMON STOCK;OPTIONS;OTHER TYPES OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $105,265.34 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 08/05/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (108 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/18/2002 Case Number: 02-00822 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $155,182.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY NASD BrokerCheck October 14, 2005 Page 295 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Disposition Date: 07/24/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (109 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/31/2002 Case Number: 02-04241 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-TRANSFER; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $24,595.21 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $25,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 07/10/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $15,642.26; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (110 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/08/2003 Case Number: 03-00027 Allegations: EXECUTIONS-FAILURE TO EXECUTE Type of Securities: MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $23,084.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $1,878.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $425.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 07/09/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS NASD BrokerCheck October 14, 2005 Page 296 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) DATE: 07/09/2003 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $8,000.00; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $212.50 ** BROKERAGE FIRM ARBITRATION (111 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/15/2001 Case Number: 01-04256 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-CHURNING Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $80,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 07/08/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $15,000.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (112 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 12/18/2002 Case Number: 02-07537 Allegations: ACCOUNT RELATED-NEGLIGENCE; EXECUTIONS-FAILURE TO EXECUTE Type of Securities: COMMON STOCK;CORPORATE BONDS;MUTUAL FUNDS;GOVERNMENT SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $3,875.42 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $500.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/27/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $3,875.42; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED NASD BrokerCheck October 14, 2005 Page 297 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) IN FULL 7C. RELIEF ASKED: OTHER COSTS, ASKED AMOUNT $175.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 06/27/2003 8C. RELIEF AWARDED: OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $175.00; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (113 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/26/2002 Case Number: 02-03030 Allegations: ACCOUNT RELATED-ERRORS-CHARGES; ACCOUNT RELATED - FAILURE TO SUPERVISE; ACCOUNT RELATED-TRANSFER; EXECUTIONS-OTHER Type of Securities: MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $56,652.48 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $975.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/17/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $725.00; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (114 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/17/2001 Case Number: 01-04787 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $77,108.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $111,459.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $7,933.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/12/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $26,000.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL ** BROKERAGE FIRM ARBITRATION (115 of 560) ** NASD BrokerCheck October 14, 2005 Page 298 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/19/2002 Case Number: 02-00816 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: PREFERRED STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $240,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $200,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/30/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (116 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 04/26/2002 Case Number: 02-01397 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-CHURNING; ACCOUNT RELATED-NEGLIGENCE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $2,800,000.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/27/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $425,000.00; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $170,000.00; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL ** BROKERAGE FIRM ARBITRATION (117 of 560) ** Type of Event: ARBITRATION Update: NO NASD BrokerCheck October 14, 2005 Page 299 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Arbitration Forum: NASD Case Served Date: 04/08/2002 Case Number: 02-01969 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: LIMITED PARTNERSHIPS;COMMON STOCK;MUTUAL FUNDS;MUNICIPAL BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $275,367.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $8,261.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/20/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (118 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/09/2002 Case Number: 01-06708 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-MARGIN CALLS; FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: COMMON STOCK;WARRANTS/RIGHTS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $150,000.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $75,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $450,000.00 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 04/17/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (119 of 560) ** NASD BrokerCheck October 14, 2005 Page 300 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/03/2002 Case Number: 02-03869 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-CHURNING; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: WARRANTS/RIGHTS;COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $100,000.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 03/20/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (120 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 05/22/2002 Case Number: 02-02935 Allegations: ACCOUNT RELATED - FAILURE TO SUPERVISE; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $9,581.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $325.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 03/12/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $5,732.68; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $325.00 ** BROKERAGE FIRM ARBITRATION (121 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/24/2001 Case Number: 01-04925 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED - FAILURE TO SUPERVISE; ACCOUNT RELATED-TRANSFER Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $763,820.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY NASD BrokerCheck October 14, 2005 Page 301 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Disposition: AWARD AGAINST PARTY Disposition Date: 02/14/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $410,000.00; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (122 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 12/13/2001 Case Number: 01-05643 Allegations: EXECUTIONS-FAILURE TO EXECUTE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $22,246.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $2,754.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 02/07/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (123 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD NASD BrokerCheck October 14, 2005 Page 302 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Served Date: 03/13/2002 Case Number: 02-01288 Allegations: ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS Type of Securities: MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $150,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $150,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 01/22/2003 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (124 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 12/03/2001 Case Number: 01-06276 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-OTHER; ACCOUNT RELATED-NEGLIGENCE Type of Securities: MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $40,000.00 SEVERALLY ; SPECIFIC PERFORMANCE, ASKED AMOUNT SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 12/11/2002 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; SPECIFIC PERFORMANCE, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $87.50; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (125 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/25/2002 NASD BrokerCheck October 14, 2005 Page 303 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Number: 02-04074 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMON STOCK;MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $24,000.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $425.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 12/11/2002 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (126 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/24/1998 Case Number: 98-02141 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; EXECUTIONS-EXECUTION PRICE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $2,875.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 11/20/2002 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (127 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/02/2001 Case Number: 01-04037 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-BREACH OF CONTRACT; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $1,066,062.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 11/21/2002 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; NASD BrokerCheck October 14, 2005 Page 304 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $1,066,062.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 11/21/2002 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $200,000.00 ** BROKERAGE FIRM ARBITRATION (128 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/12/2002 Case Number: 02-03858 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $25,000.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 11/20/2002 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (129 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 11/08/2001 Case Number: 01-05662 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-OTHER; ACCOUNT RELATED - FAILURE TO SUPERVISE; ACCOUNT RELATED-NEGLIGENCE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $2,100,000.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; SPECIFIC PERFORMANCE, ASKED AMOUNT SEVERALLY ; SPECIFIC PERFORMANCE, ASKED AMOUNT SEVERALLY ; SPECIFIC PERFORMANCE, ASKED AMOUNT SEVERALLY ; SPECIFIC PERFORMANCE, ASKED AMOUNT SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 NASD BrokerCheck October 14, 2005 Page 305 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 11/15/2002 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $36,776.94; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $26,710.79; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $56,950.79; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; SPECIFIC PERFORMANCE, RELIEF REQUEST HAS BEEN DENIED IN FULL; SPECIFIC PERFORMANCE, RELIEF REQUEST HAS BEEN DENIED IN FULL; SPECIFIC PERFORMANCE, RELIEF REQUEST HAS BEEN DENIED IN FULL; SPECIFIC PERFORMANCE, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $25,000.00; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $500.00; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (130 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/07/2002 Case Number: 02-02672 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-OTHER; FRAUDULENT ACTIVITY-MANIPULATION Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $8,148.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $5,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $1,000.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 11/14/2002 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL NASD BrokerCheck October 14, 2005 Page 306 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ** BROKERAGE FIRM ARBITRATION (131 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/15/2002 Case Number: 02-02758 Allegations: ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $24,907.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $2,000.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 10/25/2002 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 10/25/2002 8C. RELIEF AWARDED: OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $106.25 ** BROKERAGE FIRM ARBITRATION (132 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/01/2000 Case Number: 00-02915 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-SUITABILITY; ACCOUNT RELATED-OTHER Type of Securities: OTHER TYPES OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $1,243,315.63 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $302,000.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 10/10/2002 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (133 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 11/14/2000 Case Number: 00-05003 NASD BrokerCheck October 14, 2005 Page 307 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Allegations: ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED - FAILURE TO SUPERVISE; ACCOUNT RELATED-OTHER; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: COMMON STOCK;COMMODITIES FUTURES;MUTUAL FUNDS;OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $12,250,000.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; SPECIFIC PERFORMANCE, ASKED AMOUNT SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 10/01/2002 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; SPECIFIC PERFORMANCE, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (134 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 12/11/2001 Case Number: 01-06472 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $832,963.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 09/19/2002 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (135 of 560) ** NASD BrokerCheck October 14, 2005 Page 308 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 10/17/2001 Case Number: 01-05146 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED - FAILURE TO SUPERVISE; ACCOUNT RELATED-NEGLIGENCE Type of Securities: COMMON STOCK Relief Asked: PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 09/13/2002 Relief Awarded: PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 09/13/2002 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $5,191.00 ** BROKERAGE FIRM ARBITRATION (136 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 04/04/2002 Case Number: 02-01623 Allegations: ACCOUNT RELATED-ERRORS-CHARGES; ACCOUNT RELATED-NEGLIGENCE; EXECUTIONS-EXECUTION PRICE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: CERTIFICATE OF DEPOSIT Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $4,018.80 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $4,018.80 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $416.25 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $325.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 09/03/2002 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $4,018.80; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $401.88; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $416.25; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $325.00; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL ** BROKERAGE FIRM ARBITRATION (137 of 560) ** NASD BrokerCheck October 14, 2005 Page 309 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/28/2001 Case Number: 01-03408 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED - FAILURE TO SUPERVISE; ACCOUNT RELATED-NEGLIGENCE Type of Securities: MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $417,000.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 07/23/2002 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $175,932.00; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $10,170.00; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (138 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/10/2001 Case Number: 01-03349 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACH OF CONTRACT; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $176,127.37 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $300,000.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 07/10/2002 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $75,000.00; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL NASD BrokerCheck October 14, 2005 Page 310 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ** BROKERAGE FIRM ARBITRATION (139 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/15/2001 Case Number: 01-01115 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $125,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 07/08/2002 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $125,000.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 07/08/2002 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $2,000.00; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $0.01 ** BROKERAGE FIRM ARBITRATION (140 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/25/2000 Case Number: 00-03608 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-OTHER Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $246,000.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $50,362.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $19,963.82 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $56,032.50 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; OTHER NON-MONETARY RELIEF, ASKED AMOUNT SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER NON-MONETARY RELIEF, ASKED AMOUNT SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/20/2002 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $75,000.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN NASD BrokerCheck October 14, 2005 Page 311 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) DENIED IN FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $22,500.00; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $7,500.00; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER NON-MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER NON-MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 06/20/2002 8C. RELIEF AWARDED: INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $0.01; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL ** BROKERAGE FIRM ARBITRATION (141 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/30/2001 Case Number: 01-03968 Allegations: ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING Type of Securities: MUNICIPAL BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $262,461.25 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $200,000.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/31/2002 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (142 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 10/25/2001 Case Number: 01-05484 Allegations: ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY - OMISSION OF FACTS Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $9,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $12,000.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/29/2002 NASD BrokerCheck October 14, 2005 Page 312 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (143 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/10/2001 Case Number: 01-04208 Allegations: ACCOUNT RELATED - FAILURE TO SUPERVISE; ACCOUNT RELATED-NEGLIGENCE; EXECUTIONS-FAILURE TO EXECUTE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $140,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $14,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/21/2002 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (144 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 12/01/2000 Case Number: 00-05289 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-ERRORS-CHARGES; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $1,358,985.32 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $2,435,941.28 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 04/17/2002 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $25,688.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL NASD BrokerCheck October 14, 2005 Page 313 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ** BROKERAGE FIRM ARBITRATION (145 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 04/26/2001 Case Number: 01-00928 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $18,000.00 SEVERALLY ; TREBLE DAMAGES, ASKED AMOUNT $54,000.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 03/20/2002 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (146 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/28/2001 Case Number: 01-04561 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-ERRORS-CHARGES; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: COMMON STOCK;CERTIFICATE OF DEPOSIT Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $12,900.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $10,000.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $425.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER NON-MONETARY RELIEF, ASKED AMOUNT JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 03/01/2002 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $12,750.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $212.50; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER NON-MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (147 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 04/20/2001 NASD BrokerCheck October 14, 2005 Page 314 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Number: 01-00426 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-COLLECTION Type of Securities: COMMON STOCK Relief Asked: OTHER COSTS, ASKED AMOUNT $900.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 02/27/2002 Relief Awarded: OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (148 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/01/2000 Case Number: 00-01593 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY - OMISSION OF FACTS; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $83,379.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 02/01/2002 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (149 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 10/15/1999 Case Number: 99-04216 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $500,000.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 12/12/2001 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (150 of 560) ** NASD BrokerCheck October 14, 2005 Page 315 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 11/07/2000 Case Number: 00-04883 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; EXECUTIONS-FAILURE TO EXECUTE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; EXECUTIONS-FAILURE TO EXECUTE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $965,562.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $90,000.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $1,300,000.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $1,200,000.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $3,240,472.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $48,527,177.39 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $50,000,000.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 11/09/2001 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY NASD BrokerCheck October 14, 2005 Page 316 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (151 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/01/2001 Case Number: 01-00859 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-NEGLIGENCE Type of Securities: MUNICIPAL BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $1,166.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $1,000.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 08/23/2001 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $583.33; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 08/23/2001 8C. RELIEF AWARDED: OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $37.50 ** BROKERAGE FIRM ARBITRATION (152 of 560) ** Type of Event: ARBITRATION NASD BrokerCheck October 14, 2005 Page 317 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Update: NO Arbitration Forum: NASD Case Served Date: 09/21/2000 Case Number: 00-03487 Allegations: ACCOUNT RELATED-NEGLIGENCE; EXECUTIONS-FAILURE TO EXECUTE Type of Securities: COMMON STOCK;OPTIONS;PREFERRED STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $15,822.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $8,000.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 08/17/2001 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 08/17/2001 8C. RELIEF AWARDED: OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $212.50 ** BROKERAGE FIRM ARBITRATION (153 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/01/1999 Case Number: 99-00090 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-OTHER Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $370,633.01 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 08/08/2001 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $750.00; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (154 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/07/2000 NASD BrokerCheck October 14, 2005 Page 318 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Number: 00-03209 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $13,000,000.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 07/02/2001 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (155 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/28/2000 Case Number: 00-01074 Allegations: EXECUTIONS-EXECUTION PRICE; EXECUTIONS-LIMIT V. MARKET ORDER; EXECUTIONS-FAILURE TO EXECUTE; EXECUTIONS-INCORRECT QUANTITY Type of Securities: COMMON STOCK;MUNICIPAL BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $664,447.00 SEVERALLY ; TREBLE DAMAGES, ASKED AMOUNT $1,993,341.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $1,575.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $50,000.00 JOINTLY AND SEVERALLY; SPECIFIC PERFORMANCE, ASKED AMOUNT JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/20/2001 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $72,010.00; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; SPECIFIC PERFORMANCE, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (156 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/16/2000 Case Number: 00-00501 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-OTHER Type of Securities: CORPORATE BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $215,000.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 06/15/2001 NASD BrokerCheck October 14, 2005 Page 319 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (157 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/03/2000 Case Number: 00-03169 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-NEGLIGENCE Type of Securities: COMMON STOCK;OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $55,000.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/12/2001 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $2,000.00 ** BROKERAGE FIRM ARBITRATION (158 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/06/2000 Case Number: 00-00133 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $12,404.29 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 06/05/2001 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (159 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/19/1999 Case Number: 98-03144 Allegations: FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT NASD BrokerCheck October 14, 2005 Page 320 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ACTIVITY-SUITABILITY Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $450,000.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $150,000.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/24/2001 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $175,000.00; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (160 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/15/2000 Case Number: 00-01625 Allegations: ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $4,705.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/16/2001 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $1,073.24; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $0.01 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 05/16/2001 8C. RELIEF AWARDED: INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $0.01; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $87.50 ** BROKERAGE FIRM ARBITRATION (161 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD NASD BrokerCheck October 14, 2005 Page 321 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Served Date: 01/04/2000 Case Number: 99-04757 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: COMMON STOCK;MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $500,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $5,000,000.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 03/16/2001 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $187,360.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $33,000.00; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL ** BROKERAGE FIRM ARBITRATION (162 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/16/1999 Case Number: 99-02476 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $14,146.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $2,143.71 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $2,060.59 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 01/29/2001 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $20,500.00; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (163 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD NASD BrokerCheck October 14, 2005 Page 322 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Served Date: 12/30/1999 Case Number: 99-05436 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; ACCOUNT RELATED-BREACH OF CONTRACT; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $596,332.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $127,992.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 01/11/2001 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $135,000.00; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $0.01; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $375.00; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (164 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/24/2000 Case Number: 99-04551 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-BREACH OF CONTRACT Type of Securities: MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $6,400.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $1,500.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 01/17/2001 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $6,400.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $1,500.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 01/17/2001 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $6,400.00; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $0.01; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $1,500.00; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $325.00 ** BROKERAGE FIRM ARBITRATION (165 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/30/1999 NASD BrokerCheck October 14, 2005 Page 323 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Number: 99-02946 Allegations: FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMON STOCK;MUNICIPAL BONDS;ANNUITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $85,939.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $171,878.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 01/05/2001 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (166 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 04/27/1999 Case Number: 99-01791 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $83,997.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 12/13/2000 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (167 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/13/2000 NASD BrokerCheck October 14, 2005 Page 324 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Number: 00-00012 Allegations: ACCOUNT RELATED-OTHER Type of Securities: MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $40,097.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 11/20/2000 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (168 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/02/2000 Case Number: 00-02188 Allegations: ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MANIPULATION Type of Securities: COMMON STOCK;PREFERRED STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $19,146.46 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $5,000.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 11/06/2000 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (169 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 10/26/1999 Case Number: 99-04434 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY - OMISSION OF FACTS Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,000.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 10/30/2000 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $9,987.88; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $162.50; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL NASD BrokerCheck October 14, 2005 Page 325 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ** BROKERAGE FIRM ARBITRATION (170 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/15/1999 Case Number: 99-00982 Allegations: ACCOUNT RELATED-OTHER; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMON STOCK;OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $113,951.52 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 10/19/2000 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (171 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/22/2000 Case Number: 00-00350 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMON STOCK;MUTUAL FUNDS;OPTIONS;MUNICIPAL BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $2,473,445.01 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 07/27/2001 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (172 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/28/2000 Case Number: 00-00718 Allegations: ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: CORPORATE BONDS;PREFERRED STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $70,301.85 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $150,000.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 NASD BrokerCheck October 14, 2005 Page 326 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 06/29/2001 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (173 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/13/1998 Case Number: 98-02301 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED-NEGLIGENCE Type of Securities: MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $500,000.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 09/30/2000 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (174 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/01/1999 Case Number: 99-00641 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-CHURNING; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $600,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 09/01/2000 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (175 of 560) ** NASD BrokerCheck October 14, 2005 Page 327 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/17/1999 Case Number: 99-00446 Allegations: FRAUDULENT ACTIVITY - OMISSION OF FACTS; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $134,709.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 08/14/2000 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $98,710.40; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (176 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/10/1999 Case Number: 98-04021 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-OTHER; ACCOUNT RELATED-BREACH OF CONTRACT Type of Securities: Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $32,464.86 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 08/01/2000 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $46,910.61; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $188.00; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (177 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/02/1999 Case Number: 98-03561 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY NASD BrokerCheck October 14, 2005 Page 328 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $344,925.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 06/14/2000 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (178 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/22/1999 Case Number: 98-04416 Allegations: ACCOUNT RELATED-OTHER Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $28,000.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/30/2000 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (179 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 02/22/1999 Case Number: 98-04416 Allegations: ACCOUNT RELATED-OTHER Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $28,000.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/24/2000 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (180 of 560) ** Type of Event: ARBITRATION NASD BrokerCheck October 14, 2005 Page 329 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Update: NO Arbitration Forum: NASD Case Served Date: 03/12/1999 Case Number: 99-00807 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $12,813,964.00 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/16/2000 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (181 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 10/23/1998 Case Number: 98-03626 Allegations: FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $75,000.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/03/2000 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (182 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/02/1998 Case Number: 98-02240 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; ACCOUNT RELATED - FAILURE TO SUPERVISE; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: COMMON STOCK;PREFERRED STOCK;OPTIONS;LIMITED PARTNERSHIPS NASD BrokerCheck October 14, 2005 Page 330 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $1,000,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $2,000,000.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 03/23/2000 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (183 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/07/1996 Case Number: 96-01336 Allegations: FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: REAL ESTATE INVESTMENT TRUST Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $30,000.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 06/30/1997 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (184 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/24/1999 Case Number: 98-03872 Allegations: ACCOUNT RELATED-ERRORS-CHARGES; ACCOUNT RELATED-OTHER Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $35,000.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 01/24/2000 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (185 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 04/09/1999 Case Number: 99-01046 Allegations: ACCOUNT RELATED-MARGIN CALLS Type of Securities: COMMON STOCK NASD BrokerCheck October 14, 2005 Page 331 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,000.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 01/24/2000 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: OTHER MONETARY RELIEF, ASKED AMOUNT $150.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 01/24/2000 8C. RELIEF AWARDED: OTHER MONETARY RELIEF, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $150.00 ** BROKERAGE FIRM ARBITRATION (186 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: 05/07/1996 Case Number: 96-01336 Allegations: FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: REAL ESTATE INVESTMENT TRUST Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $30,000.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 06/30/1997 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (187 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/23/1997 Case Number: 97-03024 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: LIMITED PARTNERSHIPS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $12,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 12/19/1997 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (188 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/19/1999 Case Number: 99-00901 NASD BrokerCheck October 14, 2005 Page 332 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Allegations: FRAUDULENT ACTIVITY-SUITABILITY; ACCOUNT RELATED-OTHER Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $5,000.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 12/13/1999 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (189 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/10/1998 Case Number: 98-01407 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY - OMISSION OF FACTS; ACCOUNT RELATED-NEGLIGENCE Type of Securities: OTHER TYPES OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $12,300.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 10/22/1999 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $12,300.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 10/22/1999 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $5,743.72 ** BROKERAGE FIRM ARBITRATION (190 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/19/1997 Case Number: 97-00143 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-SUITABILITY; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: CORPORATE BONDS;LIMITED PARTNERSHIPS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $318,249.00 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $636,498.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 10/13/1999 NASD BrokerCheck October 14, 2005 Page 333 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (192 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/10/1998 Case Number: 98-03116 Allegations: ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY - OMISSION OF FACTS Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $12,600.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $250,000.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $37,083.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $24,841.15 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/07/1999 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 06/07/1999 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN NASD BrokerCheck October 14, 2005 Page 334 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) AWARDED (PARTIAL OR FULL, AWARD AMOUNT $9,000.00 ** BROKERAGE FIRM ARBITRATION (193 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/15/1998 Case Number: 98-03089 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED - FAILURE TO SUPERVISE; EXECUTIONS-INCORRECT QUANTITY; FRAUDULENT ACTIVITY-OTHER Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $7,239.90 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $15,000.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 03/18/1999 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (194 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/10/1998 Case Number: 98-02435 Allegations: ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: GOVERNMENT SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $1,976.50 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 02/08/1999 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $532.00 7C. RELIEF ASKED: OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 02/08/1999 8C. RELIEF AWARDED: OTHER MONETARY RELIEF, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $25.00 ** BROKERAGE FIRM ARBITRATION (195 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/05/1998 NASD BrokerCheck October 14, 2005 Page 335 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Number: 98-01110 Allegations: UNAUTHORIZED TRADING; ACCOUNT RELATED-OTHER Type of Securities: MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $2,500.00; INTEREST, ASKED AMOUNT $0.00 Disposition: CASE IS CLOSED, BY PAPERS Disposition Date: 07/19/1999 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (196 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/01/1998 Case Number: 98-00967 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $9,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 01/25/1999 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (197 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/01/1998 Case Number: 98-00934 Allegations: FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-OTHER; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACH OF CONTRACT Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $25,200.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $8,000.00 SEVERALLY ; INTEREST, ASKED AMOUNT $8,000.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 04/05/1999 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $25,200.00; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $8,000.00; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $8,000.00; NASD BrokerCheck October 14, 2005 Page 336 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (198 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 04/13/1998 Case Number: 98-00827 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,000.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 10/26/1998 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (200 of 560) ** Type of Event: ARBITRATION Update: NO NASD BrokerCheck October 14, 2005 Page 337 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Arbitration Forum: NASD Case Served Date: 04/15/1998 Case Number: 98-00607 Allegations: FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $1,633.18 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 08/25/1998 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (201 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/03/1998 Case Number: 98-00602 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $4,158.96 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 09/01/1998 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $2,578.00 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 09/01/1998 8C. RELIEF AWARDED: INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (202 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/13/1998 Case Number: 98-00370 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $9,024.31 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 10/13/1998 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: OTHER MONETARY RELIEF, ASKED AMOUNT $150.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: NO AWARD AGAINST PARTY 8B. STATUS DATE: 10/13/1998 8C. RELIEF AWARDED: OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL NASD BrokerCheck October 14, 2005 Page 338 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ** BROKERAGE FIRM ARBITRATION (203 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 12/19/1997 Case Number: 97-05283 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-CHURNING Type of Securities: MUTUAL FUNDS;COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $25,000.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 08/13/1998 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (204 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 10/14/1997 Case Number: 97-04902 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $27,312.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 09/30/1998 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (205 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/23/1997 Case Number: 97-04622 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE Type of Securities: UNKNOWN TYPE OF SECURITIES NASD BrokerCheck October 14, 2005 Page 339 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $41,634.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 11/20/1998 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (206 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/27/1997 Case Number: 97-04158 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-SUITABILITY; EXECUTIONS-FAILURE TO EXECUTE; ACCOUNT RELATED-NEGLIGENCE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $1,509,542.15 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/20/1998 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (207 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/29/1997 Case Number: 97-03714 Allegations: FRAUDULENT ACTIVITY-OTHER; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $226,800.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY NASD BrokerCheck October 14, 2005 Page 340 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Disposition Date: 09/17/1998 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (208 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/24/1997 Case Number: 97-03622 Allegations: ACCOUNT RELATED-OTHER Type of Securities: OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $9,674.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 03/13/1998 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 03/13/1998 8C. RELIEF AWARDED: OTHER MONETARY RELIEF, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $75.00 ** BROKERAGE FIRM ARBITRATION (209 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/18/1997 Case Number: 97-03417 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMON STOCK;MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $9,500.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 02/26/1998 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (210 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD NASD BrokerCheck October 14, 2005 Page 341 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Served Date: 07/15/1997 Case Number: 97-02994 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: COMMODITIES FUTURES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $9,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $9,000.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 01/13/1998 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (211 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/14/1997 Case Number: 97-02933 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACH OF CONTRACT; FRAUDULENT ACTIVITY - OMISSION OF FACTS Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $4,858.55 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $125.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 12/26/1997 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (212 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/22/1997 Case Number: 97-02453 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS Type of Securities: UNKNOWN TYPE OF SECURITIES NASD BrokerCheck October 14, 2005 Page 342 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $46,288.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $50,000.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 07/29/1998 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL ** BROKERAGE FIRM ARBITRATION (213 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 04/18/1997 Case Number: 97-01601 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED - FAILURE TO SUPERVISE; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $64,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $350,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER NON-MONETARY RELIEF, ASKED AMOUNT JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 12/21/1998 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER NON-MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (214 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/21/1997 Case Number: 97-00602 Allegations: EXECUTIONS-FAILURE TO EXECUTE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $4,160.24 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 08/12/1997 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $3,120.18 7C. RELIEF NASD BrokerCheck October 14, 2005 Page 343 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ASKED: OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 08/12/1997 8C. RELIEF AWARDED: OTHER MONETARY RELIEF, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $125.00 ** BROKERAGE FIRM ARBITRATION (215 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/14/1997 Case Number: 97-00033 Allegations: FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: CORPORATE BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $9,204.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 01/14/1998 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $4,997.00; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (216 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/02/1997 Case Number: 96-05533 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $350,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 04/08/1998 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL NASD BrokerCheck October 14, 2005 Page 344 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ** BROKERAGE FIRM ARBITRATION (218 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 11/25/1996 Case Number: 96-04944 Allegations: ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: GOVERNMENT SECURITIES;MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,000.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/22/1997 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: NO AWARD AGAINST PARTY 8B. STATUS DATE: 05/22/1997 8C. RELIEF AWARDED: OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (219 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 11/12/1996 Case Number: 96-04687 Allegations: EXECUTIONS-FAILURE TO EXECUTE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $9,180.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/06/1997 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 06/06/1997 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY NASD BrokerCheck October 14, 2005 Page 345 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $75.00 ** BROKERAGE FIRM ARBITRATION (220 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 11/13/1996 Case Number: 96-04307 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS Type of Securities: ANNUITIES;FANNY MAE;GINNIE MAES;GOVERNMENT SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $13,561.05 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 07/14/1997 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (221 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 10/24/1996 Case Number: 96-04139 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-OTHER Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $6,904.88 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/10/1997 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 06/10/1997 8C. RELIEF AWARDED: OTHER MONETARY RELIEF, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $150.00 ** BROKERAGE FIRM ARBITRATION (222 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 10/29/1996 Case Number: 96-03964 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY - OMISSION OF FACTS Type of Securities: OTHER TYPES OF SECURITIES NASD BrokerCheck October 14, 2005 Page 346 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $65,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 08/01/1997 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $500.00; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (223 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/12/1996 Case Number: 96-03344 Allegations: FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: COMMON STOCK;OPTIONS;OTHER TYPES OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $254,600.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/16/1997 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $4,500.00; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (224 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/26/1996 Case Number: 96-03092 Allegations: FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-OTHER Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $70,000.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY NASD BrokerCheck October 14, 2005 Page 347 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Disposition Date: 05/05/1997 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $531.52; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $650.00; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (225 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/18/1996 Case Number: 96-02484 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: OTHER TYPES OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $12,154.88 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $33,055.76 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 04/17/1997 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (226 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/21/1996 Case Number: 96-01342 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: COMMON STOCK;WARRANTS/RIGHTS ** BROKERAGE FIRM ARBITRATION (227 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/22/1996 Case Number: 96-00119 Allegations: ACCOUNT RELATED-ERRORS-CHARGES Type of Securities: OPTIONS NASD BrokerCheck October 14, 2005 Page 348 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,083.03 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 03/14/1997 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $1,500.00; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (228 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/17/1996 Case Number: 95-05990 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED-MARGIN CALLS; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: COMMON STOCK;CORPORATE BONDS;GINNIE MAES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $33,517.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $40,000.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $1,719.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 06/02/1997 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (229 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/18/1996 Case Number: 95-05800 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $9,750.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 01/21/1997 NASD BrokerCheck October 14, 2005 Page 349 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (230 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/16/1996 Case Number: 95-05740 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS Type of Securities: LIMITED PARTNERSHIPS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,000.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 01/21/1997 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: NO AWARD AGAINST PARTY 8B. STATUS DATE: 01/21/1997 8C. RELIEF AWARDED: OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (231 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 12/13/1995 Case Number: 95-05242 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-NEGLIGENCE Type of Securities: OPTIONS;COMMON STOCK;WARRANTS/RIGHTS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $60,143.70 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $29,640.38 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $29,640.38 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $29,640.38 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $467,860.91 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $33,902.02 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $35,130.90 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $34,455.91 JOINTLY AND SEVERALLY NASD BrokerCheck October 14, 2005 Page 350 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Disposition: NO AWARD AGAINST PARTY Disposition Date: 10/21/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (232 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 10/09/1995 Case Number: 95-04683 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: CORPORATE BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $57,600.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 09/30/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (233 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 10/26/1995 Case Number: 95-04424 Allegations: EXECUTIONS-FAILURE TO EXECUTE; ACCOUNT RELATED-BREACH OF CONTRACT NASD BrokerCheck October 14, 2005 Page 351 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $64,687.50 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 08/30/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (234 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/07/1995 Case Number: 95-03773 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: FANNY MAE;FREDDIE MACS;OTHER TYPES OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $57,054.97 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/17/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $57,854.00; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $23,140.00; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $2,000.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (235 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/08/1995 Case Number: 95-03386 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: MUNICIPAL BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $9,999.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY NASD BrokerCheck October 14, 2005 Page 352 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Disposition Date: 11/27/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (236 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/02/1995 Case Number: 95-03316 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $9,297.10 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 03/29/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (237 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/07/1995 Case Number: 95-02514 Allegations: FRAUDULENT ACTIVITY-OTHER; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $310,000.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 07/18/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (238 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/15/1995 Case Number: 95-02276 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: UNKNOWN TYPE OF SECURITIES NASD BrokerCheck October 14, 2005 Page 353 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 03/03/1997 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $154,000.00; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (239 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/24/1995 Case Number: 95-02268 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-CHURNING Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,000.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 11/16/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 11/16/1995 8C. RELIEF AWARDED: OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $150.00 ** BROKERAGE FIRM ARBITRATION (240 of 560) ** NASD BrokerCheck October 14, 2005 Page 354 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/10/1995 Case Number: 95-02183 Allegations: ACCOUNT RELATED-ERRORS-CHARGES Type of Securities: COMMON STOCK;PREFERRED STOCK;CORPORATE BONDS;GOVERNMENT SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $937.50 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 03/20/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $400.00; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $30.00 ** BROKERAGE FIRM ARBITRATION (241 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/12/1995 Case Number: 95-02009 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS Type of Securities: GOVERNMENT SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $35,000.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $4,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/09/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (242 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/12/1995 Case Number: 95-02001 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING NASD BrokerCheck October 14, 2005 Page 355 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $3,461.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 11/20/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $3,461.00; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $125.00 ** BROKERAGE FIRM ARBITRATION (243 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/08/1995 Case Number: 95-01918 Allegations: FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: CORPORATE BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $9,841.30 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 10/06/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $1,500.00 ** BROKERAGE FIRM ARBITRATION (244 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/02/1995 Case Number: 95-01813 Allegations: FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,000.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 02/27/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (245 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD NASD BrokerCheck October 14, 2005 Page 356 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Served Date: 04/13/1995 Case Number: 95-01681 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE Type of Securities: COMMON STOCK;OTHER TYPES OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $300,000.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 10/24/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $58,273.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $24,300.00; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL ** BROKERAGE FIRM ARBITRATION (246 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/02/1995 Case Number: 95-01577 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: FANNY MAE Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $20,214.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $50,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 04/04/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $15,000.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (247 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/10/1995 Case Number: 95-01492 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $260,200.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 NASD BrokerCheck October 14, 2005 Page 357 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/17/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (248 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 04/21/1995 Case Number: 95-01465 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: MUNICIPAL BOND FUNDS;OTHER TYPES OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $15,107.39 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $270,236.29 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/29/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (249 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/03/1995 Case Number: 95-01402 Allegations: ACCOUNT RELATED-ERRORS-CHARGES; ACCOUNT RELATED-OTHER Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,000.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 03/29/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (250 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/16/1995 Case Number: 95-01154 NASD BrokerCheck October 14, 2005 Page 358 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACH OF CONTRACT Type of Securities: COMMON STOCK;OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $84,728.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $170,000.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $42,280.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $85,000.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/20/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (251 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/20/1995 Case Number: 95-01124 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE Type of Securities: ANNUITIES;MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $57,803.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $5,121.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,000.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $14,250.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 11/04/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (252 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/02/1995 Case Number: 95-00871 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; EXECUTIONS-FAILURE TO EXECUTE; ACCOUNT RELATED-ERRORS-CHARGES Type of Securities: OPTIONS NASD BrokerCheck October 14, 2005 Page 359 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $8,100.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $22.50 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $62.39 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 11/27/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $7,535.00; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $75.00; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (253 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/22/1995 Case Number: 95-00770 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $5,050.88 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 09/29/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (254 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/16/1995 Case Number: 95-00741 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED-BREACH OF CONTRACT; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE Type of Securities: COMMON STOCK;PREFERRED STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $50,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 02/05/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL NASD BrokerCheck October 14, 2005 Page 360 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ** BROKERAGE FIRM ARBITRATION (255 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/24/1995 Case Number: 95-00730 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-BREACH OF CONTRACT Type of Securities: MUNICIPAL BONDS;UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $400,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/09/1997 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $150,000.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $44,500.00; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (256 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 04/03/1995 Case Number: 95-00628 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-OTHER Type of Securities: COMMON STOCK;PREFERRED STOCK;OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $100,000.01 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $200,000.02 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 10/31/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL NASD BrokerCheck October 14, 2005 Page 361 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ** BROKERAGE FIRM ARBITRATION (257 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/22/1995 Case Number: 95-00566 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $55,028.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 11/15/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (258 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/14/1995 Case Number: 95-00560 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING Type of Securities: CORPORATE BONDS;MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $6,700.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 08/05/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (259 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/08/1995 Case Number: 95-00500 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-MANIPULATION; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMON STOCK;OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $200,000.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY NASD BrokerCheck October 14, 2005 Page 362 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 07/16/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (260 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 04/12/1995 Case Number: 95-00357 Allegations: FRAUDULENT ACTIVITY-OTHER Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $50.12 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 12/21/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (261 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/01/1995 Case Number: 95-00320 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED - FAILURE TO SUPERVISE; ACCOUNT RELATED-BREACH OF CONTRACT Type of Securities: CORPORATE BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $480,000.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $960,000.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/21/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $40,000.00; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL NASD BrokerCheck October 14, 2005 Page 363 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ** BROKERAGE FIRM ARBITRATION (262 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 04/27/1995 Case Number: 95-00282 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: MUNICIPAL BOND FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $266,854.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 07/30/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $38,004.97; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (263 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/11/1995 Case Number: 95-00107 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING Type of Securities: COMMON STOCK;OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $30,000.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 07/15/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (264 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD NASD BrokerCheck October 14, 2005 Page 364 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Served Date: 01/12/1995 Case Number: 95-00059 Allegations: FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-SUITABILITY; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: COMMON STOCK;MUNICIPAL BOND FUNDS;MUNICIPAL BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $1,000,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 11/18/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (265 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/03/1995 Case Number: 94-05179 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $100,001.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 03/12/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (266 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 12/22/1994 Case Number: 94-05060 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: CORPORATE BONDS NASD BrokerCheck October 14, 2005 Page 365 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $8,334.97 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 10/31/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (267 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 12/19/1994 Case Number: 94-04870 Allegations: FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: LIMITED PARTNERSHIPS;ANNUITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $18,183.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $29,074.14 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 11/21/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $16,000.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (268 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 12/22/1994 Case Number: 94-04457 Allegations: FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: FANNY MAE Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $5,903.80 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 08/30/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (269 of 560) ** Type of Event: ARBITRATION Update: NO NASD BrokerCheck October 14, 2005 Page 366 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Arbitration Forum: NASD Case Served Date: 10/28/1994 Case Number: 94-04374 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-NEGLIGENCE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $80,000.01 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 01/15/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (270 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 11/22/1994 Case Number: 94-04371 Allegations: EXECUTIONS-FAILURE TO EXECUTE Type of Securities: MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $6,209.78 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 07/27/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $4,000.00 ** BROKERAGE FIRM ARBITRATION (271 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 12/20/1994 Case Number: 94-04348 Allegations: FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-NEGLIGENCE Type of Securities: WARRANTS/RIGHTS;COMMON STOCK;PREFERRED STOCK;OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $158,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY NASD BrokerCheck October 14, 2005 Page 367 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/03/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (272 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/19/1994 Case Number: 94-03095 Allegations: TRADING DISPUTES-OTHER; EXECUTIONS-OTHER Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $3,413.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/23/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $892.50; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 06/23/1995 8C. RELIEF AWARDED: INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL ** BROKERAGE FIRM ARBITRATION (273 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 11/30/1994 Case Number: 94-02792 Allegations: EXECUTIONS-FAILURE TO EXECUTE; EXECUTIONS-OTHER Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $28,000.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 01/31/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (274 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/23/1994 NASD BrokerCheck October 14, 2005 Page 368 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Number: 94-02500 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT Type of Securities: MUNICIPAL BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $44,318.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 02/22/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (275 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/05/1994 Case Number: 94-02092 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-BREACH OF CONTRACT; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $44,609.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 03/15/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (276 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/22/1994 Case Number: 94-01875 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $9,265.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/25/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (277 of 560) ** NASD BrokerCheck October 14, 2005 Page 369 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/18/1994 Case Number: 94-01870 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $7,135.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 06/12/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (278 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/26/1994 Case Number: 94-01676 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY - OMISSION OF FACTS; ACCOUNT RELATED-NEGLIGENCE Type of Securities: OTHER TYPES OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $30,302.06 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $19,000.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 06/11/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (279 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/20/1994 Case Number: 94-01675 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $6,341.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/09/1995 NASD BrokerCheck October 14, 2005 Page 370 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $3,154.00; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 05/09/1995 8C. RELIEF AWARDED: OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $75.00 ** BROKERAGE FIRM ARBITRATION (280 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/19/1994 Case Number: 94-01635 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $14,259.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $100,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 07/27/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (281 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/29/1994 Case Number: 94-01134 Allegations: UNKNOWN TYPE OF CONTROVERSY Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,000.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 10/26/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (282 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/17/1994 NASD BrokerCheck October 14, 2005 Page 371 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Number: 94-00460 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $14,800,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $10,000,000.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 11/30/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (283 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/18/1994 Case Number: 94-00381 Allegations: ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: LIMITED PARTNERSHIPS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 04/17/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $10,000.00; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $150.00; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 04/17/1995 8C. RELIEF AWARDED: ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $3,000.00 ** BROKERAGE FIRM ARBITRATION (284 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/16/1994 Case Number: 94-00145 Allegations: ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-BREACH OF CONTRACT; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-CHURNING Type of Securities: MUNICIPAL BOND FUNDS;MUNICIPAL BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT NASD BrokerCheck October 14, 2005 Page 372 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 04/26/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (285 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/23/1994 Case Number: 94-00079 Allegations: EXECUTIONS-FAILURE TO EXECUTE; EXECUTIONS-EXECUTION PRICE Type of Securities: MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $1,300.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 07/11/1994 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (286 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/05/1994 Case Number: 93-04914 Allegations: ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMON STOCK;OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $67,250.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 01/31/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL NASD BrokerCheck October 14, 2005 Page 373 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ** BROKERAGE FIRM ARBITRATION (287 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 12/27/1993 Case Number: 93-04856 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: COMMON STOCK;OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $85,000.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; RACKETEERING INTERSTATE CORRUPTION ORG, ASKED AMOUNT $255,000.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/16/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $30,425.00; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; RACKETEERING INTERSTATE CORRUPTION ORG, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (288 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/24/1994 Case Number: 93-04710 Allegations: ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; EXECUTIONS-FAILURE TO EXECUTE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $56,000.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 06/27/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (289 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/24/1994 NASD BrokerCheck October 14, 2005 Page 374 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Number: 93-04682 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: MUTUAL FUNDS;UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,000.00 JOINTLY AND SEVERALLY; OTHER NON-MONETARY RELIEF, ASKED AMOUNT JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 06/15/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER NON-MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (290 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/11/1994 Case Number: 93-04646 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $31,250.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 08/08/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (291 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 10/15/1993 Case Number: 93-03919 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT NASD BrokerCheck October 14, 2005 Page 375 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 09/27/1994 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (292 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/23/1993 Case Number: 93-03666 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-OTHER Type of Securities: MUNICIPAL BOND FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $100,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 12/27/1994 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (293 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/10/1994 Case Number: 93-03545 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: COMMON STOCK;MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,187.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER NON-MONETARY RELIEF, ASKED AMOUNT JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 11/16/1994 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $1,000.00; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER NON-MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL, AWARD AMOUNT NASD BrokerCheck October 14, 2005 Page 376 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ** BROKERAGE FIRM ARBITRATION (294 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/28/1993 Case Number: 93-03506 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS; ACCOUNT RELATED-NEGLIGENCE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $8,831.96 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 08/17/1994 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (295 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/09/1993 Case Number: 93-03468 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: LIMITED PARTNERSHIPS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $200,000.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/26/1994 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $127,897.12; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (296 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 10/11/1993 Case Number: 93-03446 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS Type of Securities: MUNICIPAL BONDS;OTHER TYPES OF SECURITIES Relief Asked: OTHER COSTS, ASKED AMOUNT $1,312.50 JOINTLY AND NASD BrokerCheck October 14, 2005 Page 377 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) SEVERALLY; OTHER COSTS, ASKED AMOUNT $3.80 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER NON-MONETARY RELIEF, ASKED AMOUNT JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 02/18/1994 Relief Awarded: OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER NON-MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL, AWARD AMOUNT 7C. RELIEF ASKED: OTHER COSTS, ASKED AMOUNT $50.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 02/18/1994 8C. RELIEF AWARDED: OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $50.00 ** BROKERAGE FIRM ARBITRATION (297 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/30/1993 Case Number: 93-03356 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $9,680.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 01/18/1994 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (298 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/21/1993 Case Number: 93-03028 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-CHURNING; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: MUNICIPAL BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $130,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $100,000.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 07/29/1994 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $15,000.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (299 of 560) ** Type of Event: ARBITRATION Update: NO NASD BrokerCheck October 14, 2005 Page 378 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Arbitration Forum: NASD Case Served Date: 09/13/1993 Case Number: 93-03001 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $9,200.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 03/01/1994 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (300 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/11/1993 Case Number: 93-02832 Allegations: EXECUTIONS-FAILURE TO EXECUTE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $26,297.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 04/10/1995 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $10,000.00 ** BROKERAGE FIRM ARBITRATION (301 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/11/1993 Case Number: 93-02598 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: LIMITED PARTNERSHIPS;OTHER TYPES OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $18,000.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 06/06/1994 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (302 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD NASD BrokerCheck October 14, 2005 Page 379 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Served Date: 08/10/1993 Case Number: 93-02503 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $3,800,000.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/04/1996 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $1,850,000.00 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER NON-MONETARY RELIEF, ASKED AMOUNT SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 05/04/1996 8C. RELIEF AWARDED: INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $230,000.00; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $100,000.00; OTHER NON-MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (303 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/30/1993 Case Number: 93-02066 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $55,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $445,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 08/02/1994 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $18,000.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (304 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/15/1993 Case Number: 93-01881 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY - OMISSION OF FACTS; ACCOUNT RELATED-NEGLIGENCE NASD BrokerCheck October 14, 2005 Page 380 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Securities: OTHER TYPES OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $4,400.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $4,400.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 12/03/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (305 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/29/1993 Case Number: 93-01567 Allegations: ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-ERRORS-CHARGES; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $500,000.01 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 03/11/1994 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $30,000.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (306 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/09/1993 Case Number: 93-01236 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: LIMITED PARTNERSHIPS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $275,991.59 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 04/05/1994 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (307 of 560) ** NASD BrokerCheck October 14, 2005 Page 381 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 04/02/1993 Case Number: 93-00993 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-BREACH OF CONTRACT; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $4,990.07 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $24,679.75 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $300.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $30.18 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 02/07/1994 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $3,000.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (308 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/07/1993 Case Number: 93-00829 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $26,688.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 12/28/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $17,000.00; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (309 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/07/1993 Case Number: 93-00668 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-SUITABILITY; ACCOUNT RELATED-OTHER Type of Securities: COMMON STOCK;OPTIONS;WARRANTS/RIGHTS NASD BrokerCheck October 14, 2005 Page 382 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $41,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/20/1994 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $14,294.97; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (310 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/13/1993 Case Number: 93-00092 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: OTHER TYPES OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $7,134.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 08/24/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (311 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/05/1993 Case Number: 92-04330 Allegations: ACCOUNT RELATED-NEGLIGENCE; EXECUTIONS-FAILURE TO EXECUTE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $43,263.50 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 10/11/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (312 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD NASD BrokerCheck October 14, 2005 Page 383 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Served Date: 12/08/1992 Case Number: 92-04140 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: PREFERRED STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $5,225.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/28/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $786.00; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (313 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 12/10/1992 Case Number: 92-03964 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING Type of Securities: COMMON STOCK;LIMITED PARTNERSHIPS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $50,000.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 08/09/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (314 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 11/30/1992 Case Number: 92-03827 Allegations: ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: COMMON STOCK Relief Asked: OTHER MONETARY RELIEF, ASKED AMOUNT $499,999.99 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 02/04/1994 Relief Awarded: OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: TREBLE DAMAGES, ASKED AMOUNT $499,999.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: NO AWARD AGAINST PARTY 8B. STATUS DATE: 02/04/1994 8C. RELIEF AWARDED: TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL NASD BrokerCheck October 14, 2005 Page 384 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ** BROKERAGE FIRM ARBITRATION (315 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 11/09/1992 Case Number: 92-03562 Allegations: EXECUTIONS-FAILURE TO EXECUTE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $22,500.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 08/18/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $15,000.00; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (316 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 10/13/1992 Case Number: 92-03436 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: GINNIE MAES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $11,787.94 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/20/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $10,000.00; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL ** BROKERAGE FIRM ARBITRATION (317 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 10/12/1992 Case Number: 92-03428 Allegations: EXECUTIONS-FAILURE TO EXECUTE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $9,999.99 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 04/08/1993 NASD BrokerCheck October 14, 2005 Page 385 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (318 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/30/1992 Case Number: 92-03220 Allegations: EXECUTIONS-FAILURE TO EXECUTE; ACCOUNT RELATED-BREACH OF CONTRACT; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: ANNUITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $40,377.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 11/22/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $2,500.00; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (319 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/03/1992 Case Number: 92-02946 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $5,836.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $4,000.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 07/01/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $1,000.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (320 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/18/1992 Case Number: 92-02916 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-SUITABILITY NASD BrokerCheck October 14, 2005 Page 386 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $9,054.93 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/24/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $7,043.18 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $150.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 05/24/1993 8C. RELIEF AWARDED: INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $150.00 ** BROKERAGE FIRM ARBITRATION (321 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/26/1992 Case Number: 92-02670 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY - OMISSION OF FACTS Type of Securities: ANNUITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $8,500.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 04/07/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (322 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/11/1992 Case Number: 92-02632 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: WARRANTS/RIGHTS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $8,121.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 01/15/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $2,125.00 7C. RELIEF ASKED: OTHER COSTS, ASKED AMOUNT $150.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 01/15/1993 8C. RELIEF AWARDED: OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $75.00 ** BROKERAGE FIRM ARBITRATION (323 of 560) ** Type of Event: ARBITRATION NASD BrokerCheck October 14, 2005 Page 387 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Update: NO Arbitration Forum: NASD Case Served Date: 08/18/1992 Case Number: 92-02523 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-OTHER; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $100,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $300,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/17/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $2,467.50; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (324 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/25/1992 Case Number: 92-02469 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: MUNICIPAL BOND FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $150,000.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 01/18/1994 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (325 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/02/1992 Case Number: 92-02329 Allegations: FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-ERRORS-CHARGES Type of Securities: MUNICIPAL BOND FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $9,141.28 SEVERALLY Disposition: NO AWARD AGAINST PARTY NASD BrokerCheck October 14, 2005 Page 388 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Disposition Date: 03/25/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (326 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/11/1992 Case Number: 92-02288 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; EXECUTIONS-FAILURE TO EXECUTE; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMON STOCK;OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $29,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 07/09/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (327 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/06/1992 Case Number: 92-02227 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-OTHER Type of Securities: LIMITED PARTNERSHIPS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $25,000.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 06/08/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (328 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/06/1992 Case Number: 92-02084 Allegations: ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: COMMON STOCK NASD BrokerCheck October 14, 2005 Page 389 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $2,502,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $2,250,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 09/24/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $163,000.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $35,000.00 ** BROKERAGE FIRM ARBITRATION (329 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/27/1992 Case Number: 92-02075 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $20,585.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 07/14/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (330 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/06/1992 Case Number: 92-02056 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-NEGLIGENCE Type of Securities: OTHER TYPES OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $266,702.66 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 11/30/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $257,988.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $50,000.00; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $58,044.58; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF HAS BEEN NASD BrokerCheck October 14, 2005 Page 390 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) AWARDED (PARTIAL OR FULL, AWARD AMOUNT $15,117.08 ** BROKERAGE FIRM ARBITRATION (331 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/25/1992 Case Number: 92-01947 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-CHURNING Type of Securities: COMMON STOCK;LIMITED PARTNERSHIPS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,000.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 01/04/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (332 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/07/1992 Case Number: 92-01936 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-OTHER; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: LIMITED PARTNERSHIPS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $110,000.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 02/08/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $109,000.00; OTHER MONETARY RELIEF, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL ** BROKERAGE FIRM ARBITRATION (333 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/08/1992 Case Number: 92-01917 NASD BrokerCheck October 14, 2005 Page 391 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE Type of Securities: OTHER TYPES OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $3,733.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 06/25/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (334 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/10/1992 Case Number: 92-01891 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $14,400.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 06/30/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (335 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/04/1992 Case Number: 92-01867 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY; ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY - OMISSION OF FACTS Type of Securities: LIMITED PARTNERSHIPS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $100,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $150,000.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/25/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $100,000.00; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $50,000.00 ** BROKERAGE FIRM ARBITRATION (336 of 560) ** NASD BrokerCheck October 14, 2005 Page 392 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/22/1992 Case Number: 92-01858 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-OTHER; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,747.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $32,241.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 04/14/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $11,600.00; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (337 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/08/1992 Case Number: 92-01834 Allegations: ACCOUNT RELATED-NEGLIGENCE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 08/26/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (338 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/22/1992 Case Number: 92-01705 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-BREACH OF CONTRACT; FRAUDULENT ACTIVITY-OTHER NASD BrokerCheck October 14, 2005 Page 393 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $500,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 03/10/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $318,367.00; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; OTHER MONETARY RELIEF, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL ** BROKERAGE FIRM ARBITRATION (339 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/18/1992 Case Number: 92-01521 Allegations: UNKNOWN TYPE OF CONTROVERSY Type of Securities: CORPORATE BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $3,295.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 11/12/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $753.00; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: OTHER COSTS, ASKED AMOUNT $125.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 11/12/1992 8C. RELIEF AWARDED: OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $65.00 ** BROKERAGE FIRM ARBITRATION (340 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/18/1992 Case Number: 92-01502 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED-NEGLIGENCE Type of Securities: LIMITED PARTNERSHIPS;MUTUAL FUNDS;GINNIE MAES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $300,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $1,000,000.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY NASD BrokerCheck October 14, 2005 Page 394 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Disposition: AWARD AGAINST PARTY Disposition Date: 05/05/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $210,000.00; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL ** BROKERAGE FIRM ARBITRATION (341 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/18/1992 Case Number: 92-01426 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-CHURNING; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $593,212.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $30,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $317,739.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 03/04/1994 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $197,699.00; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $22,735.41; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $73,478.23; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 03/04/1994 8C. RELIEF AWARDED: INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $12,190.37 ** BROKERAGE FIRM ARBITRATION (342 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/04/1992 Case Number: 92-01285 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE Type of Securities: COMMON STOCK;CORPORATE BONDS;GINNIE MAES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $30,265.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY NASD BrokerCheck October 14, 2005 Page 395 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Disposition: AWARD AGAINST PARTY Disposition Date: 06/29/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $25,687.50; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (343 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 04/23/1992 Case Number: 92-01129 Allegations: EXECUTIONS-FAILURE TO EXECUTE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,000.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 09/24/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $10,000.00 ** BROKERAGE FIRM ARBITRATION (344 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 04/16/1992 Case Number: 92-01097 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACH OF CONTRACT Type of Securities: COMMON STOCK;PREFERRED STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $3,390,439.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $1,609,561.00 JOINTLY AND SEVERALLY; SPECIFIC PERFORMANCE, ASKED AMOUNT JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 02/17/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $447,312.50; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; SPECIFIC PERFORMANCE, RELIEF REQUEST HAS BEEN DENIED IN FULL, AWARD AMOUNT ** BROKERAGE FIRM ARBITRATION (345 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD NASD BrokerCheck October 14, 2005 Page 396 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Served Date: 04/03/1992 Case Number: 92-00982 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: COMMON STOCK;LIMITED PARTNERSHIPS;MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $734,174.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 02/15/1994 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (346 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/24/1992 Case Number: 92-00961 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: LIMITED PARTNERSHIPS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $28,422.64 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $53,000.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $15,000.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 01/07/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (347 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/12/1992 Case Number: 92-00919 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING NASD BrokerCheck October 14, 2005 Page 397 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $5,844.61 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 11/30/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (348 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/10/1992 Case Number: 92-00827 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: COMMON STOCK;CORPORATE BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $203,776.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 06/10/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (349 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 04/13/1992 Case Number: 92-00760 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: PREFERRED STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $35,768.75 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $6,077.50 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $100,000.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 12/14/1992 NASD BrokerCheck October 14, 2005 Page 398 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (350 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/03/1992 Case Number: 92-00640 Allegations: FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: CORPORATE BONDS;GINNIE MAES;LIMITED PARTNERSHIPS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $29,672.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 10/14/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (351 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/03/1992 Case Number: 92-00636 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE Type of Securities: CORPORATE BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $500,000.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 01/28/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $24,786.09; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $18,133.99 ** BROKERAGE FIRM ARBITRATION (352 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/06/1992 Case Number: 92-00582 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-CHURNING; ACCOUNT RELATED - FAILURE TO SUPERVISE NASD BrokerCheck October 14, 2005 Page 399 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Securities: COMMON STOCK;OPTIONS;LIMITED PARTNERSHIPS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $83,613.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 09/24/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $54,651.95; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $18,457.31; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (353 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/04/1992 Case Number: 92-00575 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: OPTIONS;COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $3,120.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $2,658.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $75.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 09/24/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $2,080.00; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $75.00 ** BROKERAGE FIRM ARBITRATION (354 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/09/1992 Case Number: 92-00552 Allegations: FRAUDULENT ACTIVITY-CHURNING Type of Securities: GINNIE MAES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $5,000.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 09/10/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $968.15; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $125.00 NASD BrokerCheck October 14, 2005 Page 400 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ** BROKERAGE FIRM ARBITRATION (355 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/13/1992 Case Number: 92-00458 Allegations: FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: MUTUAL FUNDS;CORPORATE BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $122,331.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 11/23/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $40,000.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (356 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/13/1992 Case Number: 92-00430 Allegations: FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: LIMITED PARTNERSHIPS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $574,797.00 JOINTLY AND SEVERALLY; SPECIFIC PERFORMANCE, ASKED AMOUNT JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 04/22/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $102,363.61; SPECIFIC PERFORMANCE, RELIEF REQUEST HAS BEEN DENIED IN FULL, AWARD AMOUNT ** BROKERAGE FIRM ARBITRATION (357 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/30/1992 Case Number: 92-00386 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-BRCH OF NASD BrokerCheck October 14, 2005 Page 401 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) FIDUCIARY DT Type of Securities: COMMON STOCK ** BROKERAGE FIRM ARBITRATION (358 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/03/1992 Case Number: 92-00303 Allegations: FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: LIMITED PARTNERSHIPS Relief Asked: SPECIFIC PERFORMANCE, ASKED AMOUNT SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $250,000.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 12/31/1992 Relief Awarded: SPECIFIC PERFORMANCE, RELIEF REQUEST HAS BEEN DENIED IN FULL, AWARD AMOUNT ; PUNITIVE/EXEMPLARY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $40,672.00; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (359 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/21/1992 Case Number: 92-00176 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: LIMITED PARTNERSHIPS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $20,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 11/04/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $15,915.80; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $8,050.00; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $400.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $4,000.00 ** BROKERAGE FIRM ARBITRATION (360 of 560) ** NASD BrokerCheck October 14, 2005 Page 402 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/12/1992 Case Number: 92-00142 Allegations: ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: MUTUAL FUNDS;COMMON STOCK;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $40,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 07/20/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $11,565.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (361 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/10/1992 Case Number: 91-04150 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: COMMON STOCK;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $295,000.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $30,000.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 02/05/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $6,110.36; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 02/05/1993 8C. RELIEF AWARDED: INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $1,443.70; PUNITIVE/EXEMPLARY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $20,000.00 ** BROKERAGE FIRM ARBITRATION (362 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD NASD BrokerCheck October 14, 2005 Page 403 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Served Date: 01/08/1992 Case Number: 91-04130 Allegations: ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $4,325.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 08/24/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (363 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 12/27/1991 Case Number: 91-03916 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; UNKNOWN TYPE OF CONTROVERSY; UNKNOWN TYPE OF CONTROVERSY Type of Securities: COMMON STOCK;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $8,046.35 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $24,139.05 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $31,374.48 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $94,123.44 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $5,025.00 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $15,075.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 12/09/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $5,164.70; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 12/09/1992 8C. RELIEF AWARDED: INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $1,124.07 ** BROKERAGE FIRM ARBITRATION (364 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/19/1992 Case Number: 91-03908 Allegations: EXECUTIONS-FAILURE TO EXECUTE; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY NASD BrokerCheck October 14, 2005 Page 404 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Securities: PREFERRED STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $30,500.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $61,000.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 02/24/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $21,985.21; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (365 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 12/12/1991 Case Number: 91-03857 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-BREACH OF CONTRACT Type of Securities: MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $14,960.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/30/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $3,142.00; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (366 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 12/06/1991 Case Number: 91-03762 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $13,152.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 07/21/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL NASD BrokerCheck October 14, 2005 Page 405 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ** BROKERAGE FIRM ARBITRATION (367 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 12/20/1991 Case Number: 91-03642 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $152,251.00 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $456,752.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 10/19/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $70,000.00; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (368 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 11/18/1991 Case Number: 91-03584 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; EXECUTIONS-FAILURE TO EXECUTE Type of Securities: MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $49,876.51 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 10/05/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (369 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 11/26/1991 Case Number: 91-03279 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS; ACCOUNT RELATED-NEGLIGENCE; EXECUTIONS-FAILURE TO EXECUTE Type of Securities: MUTUAL FUNDS;GOVERNMENT SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $23,000.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY NASD BrokerCheck October 14, 2005 Page 406 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Disposition: NO AWARD AGAINST PARTY Disposition Date: 07/28/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (370 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 10/17/1991 Case Number: 91-03252 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $600,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $1,800,000.00 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $1,200,000.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $600,000.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 03/18/1994 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (371 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 11/07/1991 Case Number: 91-03221 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-OTHER; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $8,695,148.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 12/04/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $9,586,749.00; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD NASD BrokerCheck October 14, 2005 Page 407 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) AMOUNT $3,878.00; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $94,973.00; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (372 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 10/30/1991 Case Number: 91-03211 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: CORPORATE BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $65,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 08/19/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $4,125.00; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (373 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 12/03/1991 Case Number: 91-03187 Allegations: FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: WARRANTS/RIGHTS;MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $30,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 10/05/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $20,112.84; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $50,000.00; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $705.00; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $4,704.82 NASD BrokerCheck October 14, 2005 Page 408 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ** BROKERAGE FIRM ARBITRATION (374 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 10/11/1991 Case Number: 91-02987 Allegations: ACCOUNT RELATED-ERRORS-CHARGES; ACCOUNT RELATED-NEGLIGENCE; TRADING DISPUTES-OTHER Type of Securities: COMMON STOCK;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $6,687.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 04/22/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (375 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/23/1991 Case Number: 91-02884 Allegations: ACCOUNT RELATED-OTHER; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: ANNUITIES;UNKNOWN TYPE OF SECURITIES;MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $4,351.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 04/01/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (376 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/12/1991 Case Number: 91-02775 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: OPTIONS;COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $200,391.00 JOINTLY AND SEVERALLY; RACKETEERING INTERSTATE CORRUPTION ORG, ASKED AMOUNT $601,173.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 02/08/1993 NASD BrokerCheck October 14, 2005 Page 409 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; RACKETEERING INTERSTATE CORRUPTION ORG, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (377 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/11/1991 Case Number: 91-02761 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING Type of Securities: COMMON STOCK;LIMITED PARTNERSHIPS;LIMITED PARTNERSHIPS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $794,500.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $6,985,818.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 03/24/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $563,327.89; OTHER MONETARY RELIEF, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $2,081,000.00 7C. RELIEF ASKED: ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 03/24/1993 8C. RELIEF AWARDED: ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (378 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/23/1991 Case Number: 91-02760 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS Type of Securities: LIMITED PARTNERSHIPS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $9,784.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 07/27/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $4,900.00; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (379 of 560) ** Type of Event: ARBITRATION Update: NO NASD BrokerCheck October 14, 2005 Page 410 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Arbitration Forum: NASD Case Served Date: 09/11/1991 Case Number: 91-02728 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: COMMON STOCK;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $9,250.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/18/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (380 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/05/1991 Case Number: 91-02507 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-OTHER Type of Securities: COMMON STOCK;WARRANTS/RIGHTS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $6,010.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/12/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $1,504.40 ** BROKERAGE FIRM ARBITRATION (381 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/20/1991 Case Number: 91-02344 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; EXECUTIONS-OTHER; UNKNOWN TYPE OF CONTROVERSY; UNKNOWN TYPE OF CONTROVERSY Type of Securities: LIMITED PARTNERSHIPS;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $1,150.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $8,850.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 04/10/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $548.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (382 of 560) ** NASD BrokerCheck October 14, 2005 Page 411 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/22/1991 Case Number: 91-02194 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-BREACH OF CONTRACT Type of Securities: CORPORATE BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $24,777.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 08/17/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $7,092.00; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (383 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/12/1991 Case Number: 91-02178 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: LIMITED PARTNERSHIPS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $440,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $500,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 02/16/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (384 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/29/1991 Case Number: 91-02159 NASD BrokerCheck October 14, 2005 Page 412 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: CORPORATE BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $70,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/16/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $37,500.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (385 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/05/1991 Case Number: 91-02149 Allegations: FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,000.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 01/29/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (386 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/18/1991 Case Number: 91-02126 Allegations: ACCOUNT RELATED-NEGLIGENCE; UNKNOWN TYPE OF CONTROVERSY; UNKNOWN TYPE OF CONTROVERSY; UNKNOWN TYPE OF CONTROVERSY Type of Securities: ANNUITIES;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $11,206.98 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 10/19/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL NASD BrokerCheck October 14, 2005 Page 413 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ** BROKERAGE FIRM ARBITRATION (387 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/24/1991 Case Number: 91-02118 Allegations: ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-ERRORS-CHARGES; ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-TRANSFER Type of Securities: MUTUAL FUNDS;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $3,393.18 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 07/07/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (388 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/24/1991 Case Number: 91-02055 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: LIMITED PARTNERSHIPS;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $6,228.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/24/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $3,485.00 ** BROKERAGE FIRM ARBITRATION (389 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/28/1991 Case Number: 91-02052 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING Type of Securities: MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $1,317.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY NASD BrokerCheck October 14, 2005 Page 414 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Disposition Date: 05/21/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (390 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/02/1991 Case Number: 91-01956 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: MUTUAL FUNDS;GOVERNMENT SECURITIES;OTHER TYPES OF SECURITIES;UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $34,791.52 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 02/10/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $16,000.00; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (391 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/08/1991 Case Number: 91-01841 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY - OMISSION OF FACTS Type of Securities: COMMON STOCK;CORPORATE BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $195,000.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $116,000.00 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $933,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $933,000.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/13/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $68,521.50; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, NASD BrokerCheck October 14, 2005 Page 415 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (392 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/20/1991 Case Number: 91-01782 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-OTHER Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $350,207.00 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $1,050,621.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 01/31/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (393 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/29/1991 Case Number: 91-01513 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-OTHER Type of Securities: UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $21,600.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $4,802.04 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; SPECIFIC PERFORMANCE, ASKED AMOUNT JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 01/22/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; SPECIFIC PERFORMANCE, RELIEF REQUEST HAS BEEN DENIED IN FULL, AWARD AMOUNT ** BROKERAGE FIRM ARBITRATION (394 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/23/1991 Case Number: 91-01497 NASD BrokerCheck October 14, 2005 Page 416 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Allegations: EXECUTIONS-EXECUTION PRICE Type of Securities: COMMON STOCK;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $1,552.71 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 01/10/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $1,552.71 ** BROKERAGE FIRM ARBITRATION (395 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/29/1991 Case Number: 91-01479 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-MARGIN CALLS; ACCOUNT RELATED-BREACH OF CONTRACT; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMON STOCK;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $2,000,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 07/20/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (396 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/15/1991 Case Number: 91-01407 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: OTHER TYPES OF SECURITIES;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $6,459.36 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $3,540.64 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $3,000.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $150.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 03/19/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $10,000.00; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $3,000.00; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; INTEREST, RELIEF HAS NASD BrokerCheck October 14, 2005 Page 417 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) BEEN AWARDED (PARTIAL OR FULL ** BROKERAGE FIRM ARBITRATION (397 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/30/1991 Case Number: 91-01365 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; UNKNOWN TYPE OF CONTROVERSY; UNKNOWN TYPE OF CONTROVERSY Type of Securities: COMMON STOCK;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $28,967.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $30,083.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $150,000.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 08/10/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (398 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/13/1991 Case Number: 91-01330 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: COMMON STOCK;MUNICIPAL BOND FUNDS;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $100,000.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $70,000.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $200,000.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $65,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 02/26/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; NASD BrokerCheck October 14, 2005 Page 418 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (399 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 04/12/1991 Case Number: 91-01079 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: CORPORATE BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $5,000.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 09/23/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $5,000.00 7C. RELIEF ASKED: OTHER COSTS, ASKED AMOUNT $125.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 09/23/1991 8C. RELIEF AWARDED: OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $125.00 ** BROKERAGE FIRM ARBITRATION (400 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 04/24/1991 Case Number: 91-01043 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE Type of Securities: CORPORATE BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $21,585.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $21,585.00 SEVERALLY ; TREBLE DAMAGES, ASKED AMOUNT $64,755.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 07/22/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $21,584.97; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $11,799.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $11,128.26; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $2,000.00; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL NASD BrokerCheck October 14, 2005 Page 419 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ** BROKERAGE FIRM ARBITRATION (401 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 04/09/1991 Case Number: 91-01029 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE; UNKNOWN TYPE OF CONTROVERSY Type of Securities: OPTIONS;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $45,500.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $54,500.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 10/16/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $45,500.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 10/16/1991 8C. RELIEF AWARDED: INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $22,385.61 ** BROKERAGE FIRM ARBITRATION (402 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 04/16/1991 Case Number: 91-01016 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-OTHER Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $92,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $50,000.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 04/15/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $100,000.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: NO AWARD AGAINST PARTY 8B. STATUS DATE: 04/15/1992 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (403 of 560) ** NASD BrokerCheck October 14, 2005 Page 420 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 04/22/1991 Case Number: 91-00987 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-OTHER; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: GOVERNMENT SECURITIES;REAL ESTATE INVESTMENT TRUST;LIMITED PARTNERSHIPS;MUNICIPAL BOND FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $115,187.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $87,150.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $16,381.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $20,175.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $2,779.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $2,802.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/18/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $128,018.64; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 05/18/1992 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (404 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/24/1991 Case Number: 91-00955 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING Type of Securities: COMMON STOCK;WARRANTS/RIGHTS;LIMITED PARTNERSHIPS;CORPORATE BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $100,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $500,000.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY NASD BrokerCheck October 14, 2005 Page 421 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Disposition Date: 03/18/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $20,552.06; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (405 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 04/01/1991 Case Number: 91-00951 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; UNKNOWN TYPE OF CONTROVERSY; UNKNOWN TYPE OF CONTROVERSY; UNKNOWN TYPE OF CONTROVERSY Type of Securities: COMMON STOCK;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES Relief Asked: RACKETEERING INTERSTATE CORRUPTION ORG, ASKED AMOUNT $82,296.18 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 03/20/1992 Relief Awarded: RACKETEERING INTERSTATE CORRUPTION ORG, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (406 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/06/1991 Case Number: 91-00909 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; UNKNOWN TYPE OF CONTROVERSY; UNKNOWN TYPE OF CONTROVERSY Type of Securities: CORPORATE BONDS;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $52,755.39 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/26/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $28,099.00; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (407 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/20/1991 NASD BrokerCheck October 14, 2005 Page 422 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Number: 91-00814 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: LIMITED PARTNERSHIPS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $58,786.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 02/19/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $28,500.00; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (408 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/19/1991 Case Number: 91-00770 Allegations: FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-OTHER Type of Securities: OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,025,281.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $47,904.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $4,559,680.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $5,236.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/30/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $1,000,000.00; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $1,000,000.00; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (409 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/22/1991 Case Number: 91-00644 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-OTHER NASD BrokerCheck October 14, 2005 Page 423 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Securities: COMMON STOCK;OPTIONS;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $117,134.04 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 01/06/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $91,431.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 01/06/1993 8C. RELIEF AWARDED: ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $32,040.57 ** BROKERAGE FIRM ARBITRATION (410 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/13/1991 Case Number: 91-00567 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE Type of Securities: COMMON STOCK;MUNICIPAL BOND FUNDS;CORPORATE BONDS;LIMITED PARTNERSHIPS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $515,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 01/17/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (411 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/22/1991 Case Number: 91-00528 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: OTHER TYPES OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $13,750.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 08/08/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $13,750.00 ** BROKERAGE FIRM ARBITRATION (412 of 560) ** NASD BrokerCheck October 14, 2005 Page 424 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/21/1991 Case Number: 91-00454 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $337,545.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $26,521.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $52,914.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $15,000.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 01/20/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $27,081.34; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $10,000.00; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $2,390.00; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (413 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/21/1991 Case Number: 91-00294 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: LIMITED PARTNERSHIPS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $170,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $100,000.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 11/22/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $150,000.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (414 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/06/1991 NASD BrokerCheck October 14, 2005 Page 425 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Number: 91-00269 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: LIMITED PARTNERSHIPS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $29,500.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $3,300.00 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 09/25/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (415 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/20/1991 Case Number: 91-00140 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: CORPORATE BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $9,774.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 10/07/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (416 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/28/1991 Case Number: 91-00024 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,000,000.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 03/05/1993 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $2,732,500.00; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS NASD BrokerCheck October 14, 2005 Page 426 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $2,000,000.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 03/05/1993 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (417 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/15/1991 Case Number: 90-03620 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; EXECUTIONS-FAILURE TO EXECUTE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $13,550.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 08/14/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $2,000.00; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (418 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/21/1991 Case Number: 90-03579 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $4,035.79 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 08/30/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $1,664.66 7C. RELIEF ASKED: OTHER COSTS, ASKED AMOUNT $150.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 08/30/1991 8C. RELIEF AWARDED: OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $150.00 ** BROKERAGE FIRM ARBITRATION (419 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD NASD BrokerCheck October 14, 2005 Page 427 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Served Date: 01/24/1991 Case Number: 90-03459 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-NEGLIGENCE Type of Securities: COMMON STOCK;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES Relief Asked: PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $39,642.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $3,007.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $466.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 02/28/1992 Relief Awarded: PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (420 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/13/1991 Case Number: 90-03354 Allegations: ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-BREACH OF CONTRACT; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING Type of Securities: COMMON STOCK;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $91,551.13 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $25,284.45 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $15,896.52 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $22,691.66 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $88,098.10 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $148,760.83 SEVERALLY ; RACKETEERING INTERSTATE CORRUPTION ORG, ASKED AMOUNT $1,176,849.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $130,761.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 09/09/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $122,068.17; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $85,163.51; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $64,756.01; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $285,802.34; RACKETEERING INTERSTATE CORRUPTION ORG, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $1,673,370.09 7C. RELIEF ASKED: OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 09/09/1992 8C. RELIEF AWARDED: OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $20,867.66 ** BROKERAGE FIRM ARBITRATION (421 of 560) ** NASD BrokerCheck October 14, 2005 Page 428 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/20/1991 Case Number: 90-03336 Allegations: ACCOUNT RELATED-ERRORS-CHARGES; ACCOUNT RELATED-OTHER; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMODITIES FUTURES;MUTUAL FUNDS;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $500.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $500.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 08/30/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $500.00; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (422 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/22/1991 Case Number: 90-03264 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $180,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $540,000.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 02/10/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $57,506.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (423 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 11/27/1990 Case Number: 90-02999 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $113,000.00 NASD BrokerCheck October 14, 2005 Page 429 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) JOINTLY AND SEVERALLY; SPECIFIC PERFORMANCE, ASKED AMOUNT JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $35,000.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 11/06/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $107,649.00; SPECIFIC PERFORMANCE, RELIEF REQUEST HAS BEEN DENIED IN FULL, AWARD AMOUNT ; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (424 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/25/1991 Case Number: 90-02919 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-CHURNING Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $100,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $200,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 09/14/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $92,792.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (425 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 11/26/1990 Case Number: 90-02914 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; UNKNOWN TYPE OF CONTROVERSY Type of Securities: CORPORATE BONDS;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $8,337.96 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $8,337.96 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $25,013.88 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 10/29/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF NASD BrokerCheck October 14, 2005 Page 430 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) REQUEST HAS BEEN DENIED IN FULL; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (426 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/20/1991 Case Number: 90-02832 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-OTHER; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: ANNUITIES;LIMITED PARTNERSHIPS;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $29,999.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 12/17/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (427 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 12/28/1990 Case Number: 90-02818 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: GINNIE MAES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $12,351.29 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 10/24/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (428 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 10/15/1990 Case Number: 90-02732 Allegations: ACCOUNT RELATED-OTHER; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-OTHER NASD BrokerCheck October 14, 2005 Page 431 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Securities: OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $53,828.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 09/26/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $10,000.00; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (429 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 10/24/1990 Case Number: 90-02725 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $5,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/20/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $5,375.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (430 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/10/1991 Case Number: 90-02716 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-NEGLIGENCE Type of Securities: OPTIONS;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES;UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $129,132.29 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $387,396.87 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $129,132.29 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 03/09/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $25,000.00; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN NASD BrokerCheck October 14, 2005 Page 432 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (431 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 11/09/1990 Case Number: 90-02644 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-SUITABILITY; ACCOUNT RELATED-BREACH OF CONTRACT Type of Securities: MUTUAL FUNDS;COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $36,286.89 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $1,100.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 07/11/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $16,875.00; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $2,813.06; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (432 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/12/1990 Case Number: 90-02087 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $138,000.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 04/08/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (433 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 11/19/1990 Case Number: 90-02080 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; NASD BrokerCheck October 14, 2005 Page 433 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $47,381.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/23/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (434 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/11/1990 Case Number: 90-01848 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $30,154.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $5,400.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $5,000.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 10/30/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (435 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/05/1990 Case Number: 90-01829 Allegations: ACCOUNT RELATED-NEGLIGENCE; EXECUTIONS-FAILURE TO EXECUTE; FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: LIMITED PARTNERSHIPS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $23,785.26 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 04/05/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $23,785.26 ** BROKERAGE FIRM ARBITRATION (436 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/19/1990 NASD BrokerCheck October 14, 2005 Page 434 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Number: 90-01674 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $150,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $100,000.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 04/29/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (437 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/19/1990 Case Number: 90-01669 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $150,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $100,000.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 04/29/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (438 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/18/1990 Case Number: 90-01569 Allegations: FRAUDULENT ACTIVITY-CHURNING Type of Securities: MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $40,055.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 09/13/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $1,200.00 ** BROKERAGE FIRM ARBITRATION (439 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD NASD BrokerCheck October 14, 2005 Page 435 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Served Date: 06/22/1990 Case Number: 90-01563 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-OTHER; FRAUDULENT ACTIVITY-OTHER Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $601,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $5,000,000.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/19/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $1,155,524.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $100,000.00 ** BROKERAGE FIRM ARBITRATION (440 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/21/1990 Case Number: 90-01382 Allegations: Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,000.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 08/23/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (441 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/17/1990 Case Number: 90-01381 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $17,150.68 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $51,452.04 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 03/25/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $15,300.60; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $10,632.62; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL NASD BrokerCheck October 14, 2005 Page 436 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ** BROKERAGE FIRM ARBITRATION (442 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/02/1990 Case Number: 90-01209 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-BREACH OF CONTRACT Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $396,841.31 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 08/21/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (443 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 04/27/1990 Case Number: 90-01140 Allegations: Type of Securities: COMMODITIES FUTURES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $45,786.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 01/28/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (444 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 04/20/1990 Case Number: 90-01054 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $60,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, NASD BrokerCheck October 14, 2005 Page 437 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ASKED AMOUNT $13,000.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 01/27/1992 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $55,800.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (445 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/20/1990 Case Number: 90-00535 Allegations: Type of Securities: Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/13/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (446 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/07/1990 Case Number: 90-00520 Allegations: ACCOUNT RELATED-BREACH OF CONTRACT; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $146,315.02 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $438,945.06 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 03/04/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $20,206.60; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $3,839.25; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL NASD BrokerCheck October 14, 2005 Page 438 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ** BROKERAGE FIRM ARBITRATION (447 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/02/1990 Case Number: 90-00476 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; OTHER-OTHER Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $7,767.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 12/17/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (448 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1990 Case Number: 90-00433 Allegations: ACCOUNT RELATED-ERRORS-CHARGES; EXECUTIONS-FAILURE TO EXECUTE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $4,790.34 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/28/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $3,750.00 7C. RELIEF ASKED: OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 06/28/1990 8C. RELIEF AWARDED: OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (449 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/08/1990 Case Number: 90-00419 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $150,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT NASD BrokerCheck October 14, 2005 Page 439 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 07/15/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $10,000.00; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $15,000.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 07/15/1991 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $15,000.00 ** BROKERAGE FIRM ARBITRATION (450 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 03/06/1990 Case Number: 90-00260 Allegations: Type of Securities: Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $53,377.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 04/25/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (451 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/12/1990 Case Number: 90-00186 Allegations: Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $50,000.00 JOINTLY AND SEVERALLY; OTHER NON-MONETARY RELIEF, ASKED AMOUNT JOINTLY AND SEVERALLY; OTHER NON-MONETARY RELIEF, ASKED AMOUNT JOINTLY AND SEVERALLY; OTHER NON-MONETARY RELIEF, ASKED AMOUNT JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 10/19/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER NON-MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL, AWARD AMOUNT ; OTHER NON-MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL, AWARD AMOUNT ; OTHER NON-MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL, AWARD AMOUNT ** BROKERAGE FIRM ARBITRATION (452 of 560) ** Type of Event: ARBITRATION NASD BrokerCheck October 14, 2005 Page 440 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Update: NO Arbitration Forum: NASD Case Served Date: 01/08/1990 Case Number: 90-00062 Allegations: Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $12,317.53 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 11/14/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $12,317.53; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (453 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/26/1990 Case Number: 89-03551 Allegations: Type of Securities: Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $149,892.29 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 08/16/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $16,000.00 ** BROKERAGE FIRM ARBITRATION (454 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 12/20/1989 Case Number: 89-03510 Allegations: Type of Securities: Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $144,167.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $250,000.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 12/06/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $34,600.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (455 of 560) ** NASD BrokerCheck October 14, 2005 Page 441 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/24/1990 Case Number: 89-03458 Allegations: Type of Securities: COMMODITIES FUTURES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $50,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $100,000.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 08/09/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $31,101.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (456 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1989 Case Number: 89-03125 Allegations: FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,000.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 06/25/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (457 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 10/31/1989 Case Number: 89-02968 Allegations: Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $812,568.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $1,000,000.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 10/31/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $100,000.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL NASD BrokerCheck October 14, 2005 Page 442 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ** BROKERAGE FIRM ARBITRATION (458 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 12/13/1989 Case Number: 89-02953 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $500,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 09/30/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (459 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 12/13/1989 Case Number: 89-02952 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-CHURNING Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $500,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 09/30/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (460 of 560) ** Type of Event: ARBITRATION Update: NO NASD BrokerCheck October 14, 2005 Page 443 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Arbitration Forum: NASD Case Served Date: 11/10/1989 Case Number: 89-02949 Allegations: ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-CHURNING Type of Securities: OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $3,000,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; TREBLE DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 10/14/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $577,370.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $212,151.24; TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (461 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 12/08/1989 Case Number: 89-02815 Allegations: Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $117,500.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $55,000.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 10/16/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (462 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 10/27/1989 Case Number: 89-02709 Allegations: Type of Securities: Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $161,986.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY NASD BrokerCheck October 14, 2005 Page 444 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Disposition Date: 12/19/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $11,000.00; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (463 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1989 Case Number: 89-02651 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,000.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 03/08/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (464 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1989 Case Number: 89-02445 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $225,000.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/08/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $85,000.00 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 06/08/1990 8C. RELIEF AWARDED: INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (465 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1989 NASD BrokerCheck October 14, 2005 Page 445 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Number: 89-02413 Allegations: FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $45,289.92 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 07/31/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $30,000.00; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (466 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 10/11/1989 Case Number: 89-02393 Allegations: ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $352,000.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 10/05/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $352,000.00 SEVERALLY ; OTHER NON-MONETARY RELIEF, ASKED AMOUNT SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 10/05/1990 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $22,349.00; OTHER NON-MONETARY RELIEF, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT ; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (467 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 10/11/1989 Case Number: 89-02303 Allegations: ACCOUNT RELATED-NEGLIGENCE Type of Securities: OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $163,737.50 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $315,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 01/30/1991 NASD BrokerCheck October 14, 2005 Page 446 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (468 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1989 Case Number: 89-02207 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED-BREACH OF CONTRACT; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $9,852.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/23/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $9,852.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $30,536.63 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 05/23/1990 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $11,072.52; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $3,283.67; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL ** BROKERAGE FIRM ARBITRATION (469 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1989 Case Number: 89-02049 Allegations: FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; EXECUTIONS-FAILURE TO EXECUTE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $1,033,750.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 07/24/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $40,875.00 7C. RELIEF ASKED: PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 07/24/1990 8C. RELIEF AWARDED: PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, NASD BrokerCheck October 14, 2005 Page 447 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (470 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1989 Case Number: 89-02044 Allegations: FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $193,073.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $60,000.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 07/30/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (471 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/18/1989 Case Number: 89-01931 Allegations: Type of Securities: OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $355,280.11 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $355,280.11 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 09/05/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $350,000.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (472 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/10/1989 Case Number: 89-01782 Allegations: Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $40,265.37 SEVERALLY Disposition: NO AWARD AGAINST PARTY NASD BrokerCheck October 14, 2005 Page 448 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Disposition Date: 10/09/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (473 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1989 Case Number: 89-01781 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-OTHER Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $841.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 10/20/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $841.00 ** BROKERAGE FIRM ARBITRATION (474 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/10/1989 Case Number: 89-01772 Allegations: Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 12/04/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (475 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1989 Case Number: 89-01754 Allegations: UNAUTHORIZED TRADING Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $3,700.00 JOINTLY AND SEVERALLY Disposition: CASE IS CLOSED, BY PAPERS Disposition Date: 12/29/1989 NASD BrokerCheck October 14, 2005 Page 449 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (476 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/01/1989 Case Number: 89-01737 Allegations: Type of Securities: OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $1,500,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $10,000,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $1,500,000.00 JOINTLY AND SEVERALLY; RACKETEERING INTERSTATE CORRUPTION ORG, ASKED AMOUNT $1,500,000.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 01/10/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $325,000.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; RACKETEERING INTERSTATE CORRUPTION ORG, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (477 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/06/1989 Case Number: 89-01722 Allegations: Type of Securities: COMMON STOCK Relief Asked: SPECIFIC PERFORMANCE, ASKED AMOUNT SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 09/05/1990 Relief Awarded: SPECIFIC PERFORMANCE, RELIEF REQUEST HAS BEEN DENIED IN FULL, AWARD AMOUNT ; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (478 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1989 NASD BrokerCheck October 14, 2005 Page 450 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Number: 89-01498 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-CHURNING Type of Securities: OPTIONS;COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $72,710.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/15/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $72,710.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 05/15/1990 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $30,000.00; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (479 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1989 Case Number: 89-01461 Allegations: FRAUDULENT ACTIVITY - OMISSION OF FACTS; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-SUITABILITY; EXECUTIONS-FAILURE TO EXECUTE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $69,408.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/18/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $25,000.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: NO AWARD AGAINST PARTY 8B. STATUS DATE: 05/18/1990 8C. RELIEF AWARDED: INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (480 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/13/1989 Case Number: 89-01398 Allegations: Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $352,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/08/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN NASD BrokerCheck October 14, 2005 Page 451 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (481 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1989 Case Number: 89-01147 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: COMMON STOCK Relief Asked: OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 02/13/1990 Relief Awarded: OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: NO AWARD AGAINST PARTY 8B. STATUS DATE: 02/13/1990 8C. RELIEF AWARDED: INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (482 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1989 Case Number: 89-01071 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,000.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 03/30/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (483 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1989 Case Number: 89-00978 Allegations: ACCOUNT RELATED-ERRORS-CHARGES Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $4,740.00 SEVERALLY Disposition: AWARD AGAINST PARTY NASD BrokerCheck October 14, 2005 Page 452 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Disposition Date: 08/16/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $3,240.00 ** BROKERAGE FIRM ARBITRATION (484 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 06/02/1989 Case Number: 89-00849 Allegations: Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $56,119.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 10/24/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $40,842.00; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL ** BROKERAGE FIRM ARBITRATION (485 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 05/03/1989 Case Number: 89-00790 Allegations: Type of Securities: Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $540,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 04/08/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (486 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 04/10/1989 Case Number: 89-00723 Allegations: Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $354,050.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; NASD BrokerCheck October 14, 2005 Page 453 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 09/28/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (487 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1989 Case Number: 89-00713 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $44,311.13 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 02/27/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $44,311.13 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 02/27/1990 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $11,700.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (488 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1989 Case Number: 89-00656 Allegations: EXECUTIONS-FAILURE TO EXECUTE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $258.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/06/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $258.00 ** BROKERAGE FIRM ARBITRATION (489 of 560) ** Type of Event: ARBITRATION Update: NO NASD BrokerCheck October 14, 2005 Page 454 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Arbitration Forum: NASD Case Served Date: 01/01/1989 Case Number: 89-00609 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-CHURNING Type of Securities: COMMON STOCK;STOCK INDEX FUTURES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $146,075.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 05/16/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (490 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1989 Case Number: 89-00597 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $24,038.03 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 01/30/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $8,000.00 7C. RELIEF ASKED: OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 01/30/1990 8C. RELIEF AWARDED: OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (491 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1989 Case Number: 89-00581 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: GINNIE MAES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $11,400.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 11/15/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $5,211.00 7C. RELIEF ASKED: OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 11/15/1989 8C. RELIEF AWARDED: OTHER NASD BrokerCheck October 14, 2005 Page 455 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (492 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/10/1989 Case Number: 89-00566 Allegations: Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $17,611.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 01/29/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $3,808.80 ** BROKERAGE FIRM ARBITRATION (493 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1989 Case Number: 89-00363 Allegations: FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: LIMITED PARTNERSHIPS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $180,000.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 04/05/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $21,886.00 ** BROKERAGE FIRM ARBITRATION (494 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1989 Case Number: 89-00346 Allegations: ACCOUNT RELATED-OTHER Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $15,000.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 02/14/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $3,500.00 NASD BrokerCheck October 14, 2005 Page 456 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ** BROKERAGE FIRM ARBITRATION (495 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1989 Case Number: 89-00217 Allegations: ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACH OF CONTRACT Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $1,509.95 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 08/21/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $1,509.95 ** BROKERAGE FIRM ARBITRATION (496 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 02/17/1989 Case Number: 89-00191 Allegations: Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $193,432.55 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $500,000.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 11/19/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $75,000.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (497 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1989 Case Number: 89-00175 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,000.00 SEVERALLY NASD BrokerCheck October 14, 2005 Page 457 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Disposition: AWARD AGAINST PARTY Disposition Date: 08/21/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $846.00 7C. RELIEF ASKED: SPECIFIC PERFORMANCE, ASKED AMOUNT SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 08/21/1989 8C. RELIEF AWARDED: SPECIFIC PERFORMANCE, RELIEF REQUEST HAS BEEN DENIED IN FULL, AWARD AMOUNT ** BROKERAGE FIRM ARBITRATION (498 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1989 Case Number: 89-00047 Allegations: EXECUTIONS-FAILURE TO EXECUTE; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $1,600.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 08/01/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (499 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1989 Case Number: 89-00011 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $1,852.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 10/31/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: NO AWARD AGAINST PARTY 8B. STATUS DATE: 10/31/1989 8C. RELIEF AWARDED: OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL, AWARD AMOUNT $60.00 ** BROKERAGE FIRM ARBITRATION (500 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1989 NASD BrokerCheck October 14, 2005 Page 458 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Number: 89-00008 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMON STOCK;OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $400,000.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 04/10/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $400,000.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $400,000.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 04/10/1990 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $83,624.00; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $11,028.00; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (501 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-99925 Allegations: EXECUTIONS-FAILURE TO EXECUTE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $19,375.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 02/21/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: NO AWARD AGAINST PARTY 8B. STATUS DATE: 02/21/1990 8C. RELIEF AWARDED: INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (502 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-03914 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $619.75 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY NASD BrokerCheck October 14, 2005 Page 459 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Disposition Date: 07/25/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $619.75 ** BROKERAGE FIRM ARBITRATION (503 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-03751 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $4,604.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 08/25/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $3,004.00 ** BROKERAGE FIRM ARBITRATION (504 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-03699 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $91,162.50 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 07/02/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: NO AWARD AGAINST PARTY 8B. STATUS DATE: 07/02/1990 8C. RELIEF AWARDED: ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (505 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-03584 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: MUTUAL FUNDS;GOVERNMENT SECURITIES NASD BrokerCheck October 14, 2005 Page 460 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $25,494.13 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 10/13/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $11,500.00 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 10/13/1989 8C. RELIEF AWARDED: INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (506 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-03582 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $80,000.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 07/31/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: NO AWARD AGAINST PARTY 8B. STATUS DATE: 07/31/1989 8C. RELIEF AWARDED: OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (507 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-03414 Allegations: FRAUDULENT ACTIVITY-OTHER Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $94,225.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/18/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $18,000.00 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $69,634.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $50,000.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $71,286.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 06/18/1990 8C. RELIEF AWARDED: INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY NASD BrokerCheck October 14, 2005 Page 461 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $750.00 ** BROKERAGE FIRM ARBITRATION (508 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-03407 Allegations: FRAUDULENT ACTIVITY-OTHER Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $94,225.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/18/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $18,000.00 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $69,634.48 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $50,000.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $71,286.49 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 06/18/1990 8C. RELIEF AWARDED: INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $750.00 ** BROKERAGE FIRM ARBITRATION (509 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-03405 Allegations: FRAUDULENT ACTIVITY-OTHER Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $94,225.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/18/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $18,000.00 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $69,634.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $50,000.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $71,286.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 06/18/1990 8C. RELIEF AWARDED: INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $750.00 ** BROKERAGE FIRM ARBITRATION (510 of 560) ** NASD BrokerCheck October 14, 2005 Page 462 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-03392 Allegations: FRAUDULENT ACTIVITY-OTHER Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $94,225.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/18/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $18,000.00 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $69,634.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $50,000.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $71,286.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 06/18/1990 8C. RELIEF AWARDED: INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $750.00 ** BROKERAGE FIRM ARBITRATION (511 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-03391 Allegations: FRAUDULENT ACTIVITY-OTHER Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $94,225.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/18/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $18,000.00 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $69,634.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $50,000.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $71,286.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 06/18/1990 8C. RELIEF AWARDED: INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $750.00 ** BROKERAGE FIRM ARBITRATION (512 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-03388 NASD BrokerCheck October 14, 2005 Page 463 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Allegations: FRAUDULENT ACTIVITY-OTHER Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $94,225.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/18/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $18,000.00 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $69,634.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $50,000.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $71,286.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 06/18/1990 8C. RELIEF AWARDED: INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $750.00 ** BROKERAGE FIRM ARBITRATION (513 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-03383 Allegations: FRAUDULENT ACTIVITY-OTHER Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $47,612.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/18/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $12,000.00 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $34,817.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $50,000.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $44,123.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 06/18/1990 8C. RELIEF AWARDED: INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $750.00 ** BROKERAGE FIRM ARBITRATION (514 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-03379 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,000.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY NASD BrokerCheck October 14, 2005 Page 464 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Disposition Date: 07/11/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: NO AWARD AGAINST PARTY 8B. STATUS DATE: 07/11/1989 8C. RELIEF AWARDED: ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (515 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 11/14/1988 Case Number: 88-03339 Allegations: Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $25,830.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $5,000.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 04/30/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $16,653.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (516 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-03311 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-OTHER Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $100,000.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 01/22/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $45,000.00 ** BROKERAGE FIRM ARBITRATION (517 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-03283 Allegations: EXECUTIONS-FAILURE TO EXECUTE NASD BrokerCheck October 14, 2005 Page 465 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Securities: COMMON STOCK;PREFERRED STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $73,164.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 08/31/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $15,000.00 ** BROKERAGE FIRM ARBITRATION (518 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-03277 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $3,400.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/31/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $3,400.00; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (519 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-03082 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-CHURNING Type of Securities: COMMON STOCK;OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $7,894.80 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 03/12/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: NO AWARD AGAINST PARTY 8B. STATUS DATE: 03/12/1990 8C. RELIEF AWARDED: OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (520 of 560) ** Type of Event: ARBITRATION NASD BrokerCheck October 14, 2005 Page 466 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Update: NO Arbitration Forum: NASD Case Served Date: 10/19/1988 Case Number: 88-03008 Allegations: Type of Securities: Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $224,000.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 04/15/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $50,000.00 ** BROKERAGE FIRM ARBITRATION (521 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-02971 Allegations: FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $17,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/17/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $2,300.00; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (522 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-02964 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-NEGLIGENCE Type of Securities: LIMITED PARTNERSHIPS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 09/21/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $364,679.00 ** BROKERAGE FIRM ARBITRATION (523 of 560) ** Type of Event: ARBITRATION NASD BrokerCheck October 14, 2005 Page 467 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Update: NO Arbitration Forum: NASD Case Served Date: 05/30/1989 Case Number: 88-02740 Allegations: Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $43,000.00 JOINTLY AND SEVERALLY; RACKETEERING INTERSTATE CORRUPTION ORG, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/05/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $47,890.00; RACKETEERING INTERSTATE CORRUPTION ORG, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (524 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-02700 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: MUTUAL FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $18,673.29 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $8,230.29 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $3,041.17 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $5,150.82 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,287.69 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $7,047.17 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $2,500.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/31/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $5,250.00; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $2,984.00; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $972.58; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $1,648.74; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $3,500.00; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $2,741.92; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $1,200.00 ** BROKERAGE FIRM ARBITRATION (525 of 560) ** NASD BrokerCheck October 14, 2005 Page 468 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-02678 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $350,000.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 02/12/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $350,000.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: NO AWARD AGAINST PARTY 8B. STATUS DATE: 02/12/1990 8C. RELIEF AWARDED: INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (526 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-02658 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $63,662.15 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 03/06/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $7,416.75 7C. RELIEF ASKED: ATTORNEY'S FEES, ASKED AMOUNT $3,828.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; RACKETEERING INTERSTATE CORRUPTION ORG, ASKED AMOUNT $190,988.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 03/06/1990 8C. RELIEF AWARDED: ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $3,828.00; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; RACKETEERING INTERSTATE CORRUPTION ORG, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (527 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 NASD BrokerCheck October 14, 2005 Page 469 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Number: 88-02580 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $32,162.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/30/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $15,897.00; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $400.00; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (528 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-02507 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $85,061.64 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 02/15/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $63,796.00 7C. RELIEF ASKED: ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $3,750.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $3,750.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 02/15/1990 8C. RELIEF AWARDED: ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $3,000.00; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $3,000.00 ** BROKERAGE FIRM ARBITRATION (529 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-02441 Allegations: ACCOUNT RELATED-MARGIN CALLS Type of Securities: UNKNOWN TYPE OF SECURITIES NASD BrokerCheck October 14, 2005 Page 470 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $69,858.92 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 08/22/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $69,858.92 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 08/22/1989 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $26,343.00; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (530 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-02422 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-SUITABILITY; ACCOUNT RELATED - FAILURE TO SUPERVISE Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $43,490.02 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/30/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $28,850.00 7C. RELIEF ASKED: RACKETEERING INTERSTATE CORRUPTION ORG, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 05/30/1990 8C. RELIEF AWARDED: RACKETEERING INTERSTATE CORRUPTION ORG, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $14,425.00 ** BROKERAGE FIRM ARBITRATION (531 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-02354 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $310,803.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 07/19/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $85,000.00 7C. RELIEF NASD BrokerCheck October 14, 2005 Page 471 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ASKED: OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $1,000,000.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 07/19/1989 8C. RELIEF AWARDED: OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (532 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-02240 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-CHURNING Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $448,223.13 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 07/05/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (533 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-02227 Allegations: ACCOUNT RELATED-COLLECTION; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED-NEGLIGENCE; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $25,000.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 09/22/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $9,976.00 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 09/22/1989 8C. RELIEF AWARDED: INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $3,000.00 ** BROKERAGE FIRM ARBITRATION (534 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 NASD BrokerCheck October 14, 2005 Page 472 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Number: 88-02114 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-CHURNING Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 01/23/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $109,334.00 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $12,689.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 01/23/1990 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $12,689.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (535 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-02036 Allegations: FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $18,137.48 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 07/19/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $10,000.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 07/19/1989 8C. RELIEF AWARDED: PUNITIVE/EXEMPLARY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $10,000.00; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $10,000.00; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $468.75; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $3,250.00 ** BROKERAGE FIRM ARBITRATION (536 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 09/23/1988 Case Number: 88-02014 Allegations: NASD BrokerCheck October 14, 2005 Page 473 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Securities: OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $145,000.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 02/21/1991 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (537 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 07/06/1988 Case Number: 88-01974 Allegations: Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $250,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 11/27/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (538 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-01891 Allegations: FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $50,000.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/06/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $24,062.00 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED NASD BrokerCheck October 14, 2005 Page 474 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 06/06/1989 8C. RELIEF AWARDED: INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (539 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 08/01/1988 Case Number: 88-01868 Allegations: Type of Securities: OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $19,192.87 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 SEVERALLY ; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $35,445.00 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 08/21/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (540 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-01764 Allegations: EXECUTIONS-FAILURE TO EXECUTE Type of Securities: OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $21,000.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 07/14/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $21,000.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 07/14/1989 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $59.50; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (541 of 560) ** NASD BrokerCheck October 14, 2005 Page 475 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-01689 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: CORPORATE BONDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $20,380.45 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 06/08/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $4,986.00 SEVERALLY 8A. CURRENT STATUS: NO AWARD AGAINST PARTY 8B. STATUS DATE: 06/08/1989 8C. RELIEF AWARDED: INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (542 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-01493 Allegations: FRAUDULENT ACTIVITY-CHURNING; ACCOUNT RELATED - FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $109,684.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 10/17/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $250,000.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $109,684.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $109,684.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 10/17/1989 8C. RELIEF AWARDED: PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $20,000.00; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $7,000.00 ** BROKERAGE FIRM ARBITRATION (543 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-01393 Allegations: ACCOUNT RELATED-TRANSFER Type of Securities: UNKNOWN TYPE OF SECURITIES NASD BrokerCheck October 14, 2005 Page 476 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $2,259.53 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $2,259.53 SEVERALLY ; INTEREST, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/23/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $1,500.00; INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (544 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-01293 Allegations: FRAUDULENT ACTIVITY-CHURNING; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $265,235.43 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 09/29/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: NO AWARD AGAINST PARTY 8B. STATUS DATE: 09/29/1989 8C. RELIEF AWARDED: OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (545 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-01247 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $5,000.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 08/14/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $4,000.00 ** BROKERAGE FIRM ARBITRATION (546 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD NASD BrokerCheck October 14, 2005 Page 477 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Case Served Date: 06/21/1988 Case Number: 88-01098 Allegations: Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $131,503.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $55,993.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $104,900.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $95,224.00 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $24,897.80 JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 09/13/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER MONETARY RELIEF, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $417,633.80 SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 09/13/1990 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $59,968.40 ** BROKERAGE FIRM ARBITRATION (547 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-00889 Allegations: EXECUTIONS-FAILURE TO EXECUTE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $2,148.24 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 09/28/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (548 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-00853 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT NASD BrokerCheck October 14, 2005 Page 478 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) ACTIVITY-SUITABILITY Type of Securities: MUNICIPAL BOND FUNDS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $8,000.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/24/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $8,000.00 ** BROKERAGE FIRM ARBITRATION (549 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-00635 Allegations: FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-NEGLIGENCE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $1,926.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/31/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $2,094.00 ** BROKERAGE FIRM ARBITRATION (550 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1988 Case Number: 88-00176 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: GINNIE MAES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $120,019.59 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 08/02/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: NO AWARD AGAINST PARTY 8B. STATUS DATE: 08/02/1989 8C. RELIEF AWARDED: PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (551 of 560) ** Type of Event: ARBITRATION NASD BrokerCheck October 14, 2005 Page 479 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1987 Case Number: 87-02613 Allegations: FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-CHURNING Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: SPECIFIC PERFORMANCE, ASKED AMOUNT JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 09/19/1989 Relief Awarded: SPECIFIC PERFORMANCE, RELIEF REQUEST HAS BEEN DENIED IN FULL, AWARD AMOUNT 7C. RELIEF ASKED: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: NO AWARD AGAINST PARTY 8B. STATUS DATE: 09/19/1989 8C. RELIEF AWARDED: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (552 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1987 Case Number: 87-02333 Allegations: ACCOUNT RELATED-MARGIN CALLS; ACCOUNT RELATED-COLLECTION Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $250,000.00 SEVERALLY ; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $2,000,000.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 07/06/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $15,000.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (553 of 560) ** Type of Event: ARBITRATION Update: YES Arbitration Forum: NASD Case Served Date: PRECRAFTIS Case Number: 87-02251 Allegations: BRCH OF FIDUCIARY DT; MISREPRESENTATION; ACCOUNT RELATED - FAILURE TO SUPERVISE; ACCOUNT RELATED-NEGLIGENCE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $66,946.00 Disposition: AWARD AGAINST PARTY Disposition Date: 09/08/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED NASD BrokerCheck October 14, 2005 Page 480 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) (PARTIAL OR FULL), AWARD AMOUNT $41,000.00 JOINTLY AND SEVERALLY ** BROKERAGE FIRM ARBITRATION (554 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1987 Case Number: 87-02210 Allegations: ACCOUNT RELATED-MARGIN CALLS; FRAUDULENT ACTIVITY-UNAUTHORIZED TRADING Type of Securities: OPTIONS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $59,261.69 SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 07/06/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (555 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1987 Case Number: 87-02045 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION Type of Securities: OTHER TYPES OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $12,250.00 SEVERALLY ; OTHER COSTS, ASKED AMOUNT $0.00 SEVERALLY ; ATTORNEY'S FEES, ASKED AMOUNT $0.00 SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 06/12/1990 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $10,000.00; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (556 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1987 Case Number: 87-01861 Allegations: FRAUDULENT ACTIVITY-SUITABILITY Type of Securities: COMMON STOCK Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $163,179.46 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 07/19/1989 NASD BrokerCheck October 14, 2005 Page 481 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $21,250.00 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 07/19/1989 8C. RELIEF AWARDED: INTEREST, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (557 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1987 Case Number: 87-01708 Allegations: FRAUDULENT ACTIVITY-SUITABILITY; FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS; ACCOUNT RELATED-NEGLIGENCE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $31,241.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 10/19/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $15,600.00 7C. RELIEF ASKED: INTEREST, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: AWARD AGAINST PARTY 8B. STATUS DATE: 10/19/1989 8C. RELIEF AWARDED: INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $1,872.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $2,500.00; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (558 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1987 Case Number: 87-01698 Allegations: FRAUDULENT ACTIVITY-OTHER; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-BREACH OF CONTRACT; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $126,000.00 JOINTLY AND SEVERALLY Disposition: NO AWARD AGAINST PARTY Disposition Date: 12/04/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL 7C. RELIEF ASKED: TREBLE DAMAGES, ASKED AMOUNT $378,000.00 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $25,000,000.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT NASD BrokerCheck October 14, 2005 Page 482 This information is current as of: 10/14/2005 ________________________________________________________________________________ NASD Member Firm: UBS FINANCIAL SERVICES INC. CRD Number: 8174 BROKERAGE FIRM ARBITRATIONS(cont.) $0.00 JOINTLY AND SEVERALLY 8A. CURRENT STATUS: NO AWARD AGAINST PARTY 8B. STATUS DATE: 12/04/1989 8C. RELIEF AWARDED: TREBLE DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (559 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1987 Case Number: 87-00636 Allegations: TRADING DISPUTES-MANIPULATION; SUITABILITY; MISREPRESENTATION Type of Securities: WARRANTS/RIGHTS Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $5,000.00 JOINTLY AND SEVERALLY Disposition: CASE IS CLOSED, BY PAPERS Disposition Date: 06/20/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL ** BROKERAGE FIRM ARBITRATION (560 of 560) ** Type of Event: ARBITRATION Update: NO Arbitration Forum: NASD Case Served Date: 01/01/1986 Case Number: 86-01394 Allegations: FRAUDULENT ACTIVITY-MISREPRESENTATION; FRAUDULENT ACTIVITY - OMISSION OF FACTS; FRAUDULENT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE Type of Securities: UNKNOWN TYPE OF SECURITIES Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $3,056,551.92 JOINTLY AND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; OTHER COSTS, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; ATTORNEY'S FEES, ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY Disposition: AWARD AGAINST PARTY Disposition Date: 05/25/1989 Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED (PARTIAL OR FULL, AWARD AMOUNT $2,069,000.00; PUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN DENIED IN FULL ************ END OF REPORT ************