EFTA00726318

FINRA Dispute Resolution 
Arbitrator ID: 
Since 1991, I have practiced law in a small boutique law firm setting. My practice is small but quite diversified, including 
corporate, entertainment and commercial matters (litigation and non-litigation). Accordingly, one day I may find myself in 
federal court litigating trademark issues, and the next I may draft a private placement memorandum or meeting with clients 
concerning the launching of a new cosmetics line. 
From 1987 to 1991, I worked for Shearman & Sterling, in NYC, as a corporate associate. My duties included transactional 
support on a number of large and sophisticated domestic and international matters, including secured bank financings, 
corporate reorganizations and work-outs, privately negotiated mergers and acquisitions and cross-border commercial leveraged 
leases. I also worked on a number of pro-bono matters. After college and prior to law school. I served in a number of public 
interest capacities in Washington, D.C. I assisted a World Bank economist with an international price study; I supervised a staff 
of approximately 10 reporters and authored articles for Youth Policy Magazine, a journal founded by the Robert F. Kennedy 
Memorial and dedicated to issues affecting America's youth; and I advised Congressman Robert Torricelli (now Senator) on a 
number of legislative issues, primarily in the areas of foreign affairs and science and technology. During college I was an intern 
at the Alliance for Justice, a coalition of public interest law organizations. Julere, a co-authored an article on concerning public 
agency non-compliance with the Administrative Procedure Act. My professional activities include membership in the American 
Bar Association and the NY State Bar Association. 
Staff ID: LeeC 
Page 53 of 75 
Publicly Available Awards Section. Current as of 
01/20/2010 
EFTA00726378

FINRA Dispute Resolution 
Arbitrator ID: 
Name: 
Arbitrator ID: 
CRD #: 
City/State/Country: 
Classification: 
FINRA Mediator: 
Chair Status: 
Arbitrator Disclosure Report 
Report reflects information provided by the arbitrator through 01/15/2010 
Mr. Mark A. Egert 
New York / NY / United States 
Non-public 
No 
None 
ARBITRATOR 
Skills in Controversy: 
Employment - Breath of Contract. Employment -
Compensation. Employment - Employment Discrimination. 
Employment - Wrongful Termination, Other - Underwriting, 
Trading Disputes - Buy In, Trading Disputes - Sell Outs 
Skills in Securities: 
Repurchase Agreements 
Start Date 
End Date 
01/2005 
Present 
07/2003 
01/2005 
09/1997 
03/2003 
01/1995 
09/1997 
03/1992 
01/1995 
10/1987 
03/1992 
EMPLOYMENT 
Firm 
Cowen & Company. LLC 
RBC Capital Markets Corporation 
ABN AMRO, Incorporated 
Securities Industry Association 
Kavanagh Peters Powell & Osnato 
Shearman & Sterling 
Position 
Chief Compliance Officer 
Legal & Compliance Director 
Chief Legal Officer 
VP/Annriate General 
Counsel 
Associate 
Associate 
EDUCATION 
Start Date 
End Date 
School 
Washington University Law School 
of Delaware 
Degree 
01/1984 
01/1980 
01/1987 
George 
01/1984 
University 
JD 
BA 
TRAINING 
Completed 
Description 
Details 
Finn/School 
Hours 
Location 
05/2009 
Expungement - 2008 
FINRA 
1 
12/2008 
Refresher 
Revised Code of 
FINRA 
2 
online 
10/2004 
Arbitration 
Expungement online 
mini-course 
NASD 
1.5 
online 
06/2000 
New Panel Member 
NASD 
11 
New York, NY 
Training [NASD] 
Type 
Has an account with 
Had an account with 
Was employed by 
Staff ID: LeeC 
DISCLOSURE/CONFLICT INFORMATION 
Firm Name 
Details 
Merrill Lynch Pierce Fenner & Smith 
ABN AMRO, Inc. 
ABN AMRO, Inc. 
Page 54 of 75 
Publicly Available Awards Section, Current as of 
01/20/2010 
EFTA00726379

FINRA Dispute Resolution 
Had an account with 
Had an account with 
Has made a disclosure about 
Is employed by 
Was a Client 
Had an account with 
Had an account with 
Was employed by 
Had an account with 
Was a member of 
Is a member of 
Is a member of 
Has made a disclosure about 
Bluestone Capital Corp. 
CIBC World Markets Corp. 
CRT Financial Group, Inc. 
Cowen and Company, LLC 
DLA Piper Rudnick Gray Cary US LLP 
Fidelity Investments Institutional Services 
J.P.R. Capital Corp. 
RBC Capital Markets Corporation 
RBC Dain Rauscher Inc. 
SIA 
SIFMA 
The Bond Market Association 
Arbitrator ID: 
Whale Seucrities 
Oppenheimer 
(Past) 
Served on various Securities Ind. 
Committees 
PUBLICLY AVAILABLE AWARDS 
Publicly Available Awards Section. Current as of 01/20/2010 
Case ID 
Case Name 
07-03282 
Joseph Stevens 8 Company, Inc. vs. Joseph Bloc ken, Cleon R. Cato, Rennatto A. Comejo, Mark 
Dalcollo, et al. 
06-01355 
Wachovia Securities Financial Network, LLC v. Mark Goldberg 
04-02958 
Robert Bruce Harris vs. Michael Joseph Pierce III 
01-02336 
Tina Daniels vs. Weatherly Securities Corp., and Jason Gross 
Close Date 
03/03/2009 
02/23/2007 
01/19/2005 
10/23/2002 
ARBITRATOR BACKGROUND INFORMATION 
I am currently employed by Cowen and Company, LLC., and serve as Chief Compliance Officer. My title is Managing Director. 
I am a member of the Office of the Chief Executive and a number of other management committees. 
Since I began my legal career in 1987, I have worked at two law firms, one trade association and three brokerage firms and 
banks. The focus of my practice has been on securities rules and regulations, as well as general corporate and transactional 
matters. 
"Based on information made available to FINRA, the arbitrator (i) is an employee of a firm that, at any point since January 1, 
2005, sold auction rate securities, or (ii) was an employee of such a firm at any time after January 1, 2005." 
Staff ID: LeeC 
Page 55 of 75 
Publicly Available Awards Section. Current as of 
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EFTA00726380

FINRA Dispute Resolution 
Arbitrator ID: 
Arbitrator Disclosure Report 
Report reflects information provided by the arbitrator through 01/15/2010 
Name: 
Arbitrator ID: 
CRD #: 
City/State/Country: 
Classification: 
FINRA Mediator: 
Chair Status: 
Mr. James I. Berliner 
Larchmont / NY / United States 
Non-public 
No 
None 
ARBITRATOR 
Skills in Controversy: 
There are no skills in controversy information. 
Skills In Securities: 
There are no skills in security information. 
Start Date 
End Date 
01/2006 
Present 
09/2005 
Present 
01/1994 
12/2005 
10/1965 
03/1994 
12/1963 
10/1965 
06/1951 
12/1963 
EMPLOYMENT 
Firm 
Corporate Angel Network 
March of Dimes Foundation 
International Executive Services Corp. 
JP Morgan Guaranty Trust Company 
American Union Transport 
International General Electric Company 
Position 
Scheduler 
Volunteer Leadership 
Executive Recruiter 
Managing Director 
Foreign Commercial Paper 
Trade 
Accounting 
EDUCATION 
Start Date 
End Date 
School 
09/1947 
06/1951 
Oberlin College 
Degree 
BA Economics 
Completed 
Description 
01/2009 
Expungement - 2008 
Refresher 
06/2008 
Online Basic Panel 
FINRA 
Training 
06/2008 
Expungement online 
FINRA 
mini-course 
05/2005 
Additional Securities 
Introduction and 
NYSE 
Training 
Workshop Topics 
Details 
TRAINING 
Firm/School
FINRA 
Hours 
Location
1 
11 
online 
1.5 
online 
2 
Type
Family Member has relationship 
with 
DISCLOSURE/CONFLICT INFORMATION 
Firm Name 
Bumham Securities 
Has an account with 
Bumham Securities 
Family Member has relationship 
Vanguard Group 
with 
Staff ID: LeeC 
Page 56 of 75 
Details 
Spouse has account 
Spouse has account 
Publicly Available Awards Section, Current as of 
01/20/2010 
EFTA00726381

FINRA Dispute Resolution 
Arbitrator ID: 
Has an account with 
Vanguard Group 
Has made a disclosure about 
JP Morgan 8 Co. 
Receives pension and retiree 
healthcare 
Family member had relationship 
Smith Barney 
Spouse had account 
with 
Had an account with 
Smith Barney 
Family member had relationship 
UBS 
Spouse had account 
with 
Had an account with 
UBS 
PUBLICLY AVAILABLE AWARDS 
Publicly Available Awards Section, Current as of 01/20/2010 
Case ID 
Case Name 
Close Date 
There is no award information. 
ARBITRATOR BACKGROUND INFORMATION 
Starting in 2005, I began a two day a week volunteer position with the National Headquarters of the March of Dimes. My 
position is in the Volunteer Leadership Department which strives to improve the quality and retention of volunteers for the 
March of Dimes nationwide. From 1994 until 2005, I worked for about three days each week for a not-for-profit organization, 
the International Executive Service Corps. My job, a volunteer position, was to recruit businessmen and professionals, mostly 
retired, to assist organizations in developing nations. The program was financed principally by the United States Agency for 
International Development. I found that this work sharpened my skills in judging the suitability of candidates to undertake 
assignments abroad often under difficult conditions. I left the organization in 2005 when the function I was performing was 
moved to Washington, D.C. I spent 29 years, until I retired in 1994, with Morgan Guaranty Trust Company, a subsidiary of J. 
P. Morgan and Co. During my entire career with Morgan, I was assigned to the commercial banking side of the Company. 
Initially I was in the Commodity Finance group which provided secured financing to commodity importers and exporters of foods 
and fibers. From there I was assigned to the Petroleum Department which handled banking relationships with oil companies. 
In 1978 I supervised five professionals as head of the newly established Project Finance Department. This group was charged 
with the responsibility of soliciting and structuring complicated financing of development projects worldwide. The basis of this 
financing was analyzing the risk of the project to generate sufficient cash flow to repay creditors. From 1982 until 1985, I 
headed the Natural Resources Group in the Bank's London Office supervising fifteen professionals. My final assignment, 
before my retirement, was Senior Credit Officer for the Bank's North American banking business. My responsibilities included 
approving large exposures to clients arising out of loans, commitments, lines of credit, interest rate and currency swaps, etc. 
Before joining Morgan, I worked for American Union Transport, a privately owned shipping company which had a small finance 
group. The finance group marketed high risk commercial paper issued by organizations in developing countries. For twelve 
years after being graduated from college I was employed by the international division of General Electric Company in a variety 
of accounting and equipment sales finance positions. 
In addition to having served as an arbitrator at the NYSE, my experience as a senior credit officer at Morgan Guaranty Trust 
Co. required me to make judgments based upon the presentation of facts, data, and other information. My decisions not only 
needed to balance issues such as risk/reward but to probe the presenters on the facts and analysis they used in making their 
cases. It was always necessary to be completely unbiased in making judgments because the decisions had a major monetary 
impact on the Bank's results. 
On July 23, 2008 the Arbitrator responded to a FINRA survey about auction rate securities. In the response, the Arbitrator 
disclosed that since January 1, 2005, the Arbitrator has not been employed by or associated with a brokerage firm. 
Staff ID: LeeC 
Page 57 of 75 
Publicly Available Awards Section, Current as of 
01/20/2010 
EFTA00726382

FINRA Dispute Resolution 
Arbitrator ID: 
Arbitrator Disclosure Report 
Report reflects information provided by the arbitrator through 01/15/2010 
ARBITRATOR 
Name: 
Mr. Brian J. Neville 
Skills in Controversy: 
Arbitrator ID: 
There are no skills in controversy information. 
CRD #: 
2463115 
City/State/Country: New York / NY United States 
Classification: 
Non-public 
Skills in Securities: 
FINRA Mediator: 
No 
There are no skills in security information. 
Chair Status: 
Qualified 
EMPLOYMENT 
Start Date 
End Date 
fima 
Position 
11/2007 
Present 
Lax & Neville, LLC 
Partner 
01/2002 
10/2007 
Law Offices of Brian J. Neville 
Owner 
05/2000 
12/2001 
Kogan Taubman & Neville, LLC 
Partner 
01/1996 
05/2000 
Josephthal & Co. 
Associate General Counsel 
02/1994 
01/1996 
Prudential Securities, Inc. 
Attorney 
08/1993 
02/1994 
Sangerman & Associates 
Associate Attorney 
EDUCATION 
Start Date 
End Date 
Schoo 
Degree 
01/1990 
01/1993 
New York Law School 
JD 
01/1986 
01/1990 
University of Scranton 
BS Accounting 
TRAINING 
Completed 
Description 
Details 
Firm/School 
Hours 
Location 
06/2008 
Revised Code of 
FINRA 
2 
online 
11/2007 
Arbitration 
Additional Securities 
Securities Arbitration 
NYSBA 
New York 
10/2004 
Training 
Expungement online 
mini-course 
& Mediation 
NASD 
1.5 
online 
07/2004 
New Chairperson 
NASD 
11 
online 
07/2004 
Training [NASD] 
Duty to Disclose online 
mini-course 
NASD 
1 
online 
03/2000 
Expungement - 2008 
FINRA 
1 
02/2000 
Refresher 
New Chairperson 
NASD 
11 
New York, NY 
12/1999 
Training [NASD] 
New Panel Member 
NASD 
11 
New York, NY 
Training [NASD) 
Staff ID: LeeC 
Page 58 of 75 
Publicly Available Awards Section, Current as of 
01/20/2010 
EFTA00726383

FINRA Dispute Resolution 
Arbitrator ID'.
DISCLOSURE/CONFLICT INFORMATION 
li ps 
Initiated/defended legal action 
against 
Initiated/defended legal action 
against 
Initiated/defended legal action 
against 
Is a Client 
Is a Client 
Initiated/defended legal action 
against 
Is a Client 
Initiated/defended legal action 
against 
Initiated/defended legal action 
against 
Was employed by 
Initiated/defended legal action 
against 
Initiated/defended legal action 
against 
Initiated/defended legal action 
against 
Is a Client 
Initiated/defended legal action 
against 
Initiated/defended legal action 
against 
Family Member has relationship 
with 
Initiated/defended legal action 
against 
Was employed by 
Initiated/defended legal action 
against 
Initiated/defended legal action 
against 
Initiated/defended legal action 
against 
Initiated/defended legal action 
against 
I have a client of 
Initiated/defended legal action 
against 
Initiated/defended legal action 
against 
Is a Client 
Stan ID: LeeC 
Firm Name 
Advest. Inc. 
Charles Schwab 
Citigroup Global Markets. Inc. 
EsTrade Financial Securities 
Fahnestock International Inc. 
Fidelity Brokerage Services LLC 
First Republic Group, LLC 
First Union Securities. Inc. 
Janney Montgomery Scott LLC 
Josephthal & Co., Inc. 
Kirlin Securities 
Marquis Financial Services. Inc. 
McMahon Securities, Co. 
Melhado, Flynn & Associates 
Merrill Lynch Pierce Fenner & Smith 
Morgan Stanley & Co., Incorporated 
Morgan Stanley DW, Inc. 
Prime Charter Ltd., Inc. 
Prudential Equity Group, LLC 
RBC Dain Rauscher Inc. 
Summit Equation 
UBS Financial Services Inc. 
Wachovia Securities, LLC 
Wall Street Access Corp. 
Baric Inventor 
Bear Steams & Co., Inc. 
Broadwall Capital. LLC 
Page 59 of 75 
Details 
Customer cases 
Customer cases against Salomon 
Smith Barney 
Representation 
Customer cases 
Customer cases 
Customer cases 
Brother employed 
Customer cases 
Prudential Securities 
1/96-2000 
Publicly Available Awards Section. Current as of 
01120/2010 
EFTA00726384

FINRA Dispute Resolution 
Arbitrator ID: 
Initiated/defended legal action 
against 
Initiated/defended legal action 
against 
Initiated/defended legal action 
against 
Initiated/defended legal action 
against 
I have a client of 
Initiated/defended legal action 
against 
Initiated/defended legal action 
against 
Initiated/defended legal action 
against 
Initiated/defended legal action 
against 
I have a client of 
Initiated/defended legal action 
RD White 
against 
Initiated/defended legal action 
Royal Alliance 
against 
Was a member of 
SIA 
Initiated/defended legal action 
SW Bach 
against 
I have a client of 
I have a client of 
I have a client of 
I have a client of 
Family member had relationship 
with 
I have a client of 
Westminster Securities Corp 
I have a client of 
Wolverine Trading 
Is a Member of Bar Association 
Is a Member of Bar Association 
Initiated/defended legal action 
against 
CSFB 
Clearing Services of America 
Dupont Securities 
Emast Investors 
First Allied Securities 
First Colonial Securities Group 
First Montauk Securities 
Linsco Private Ledger 
Millennium Securities 
Park Financial Securities 
Saxorry Securities 
Sperreir Track Securities 
Strausberger, Pearson, Tulcin & Wolff 
V Finance Securities 
WMA Securities 
1/96-Present 
Compliance & Legal Division 
Brother was employed 
Representation 
New Jersey 
New York 
Todd Eberhard 
PUBLICLY AVAILABLE AWARDS 
Publicly Available Awards Section, Current as of 01/20/2010 
Case ID 
Case Name 
08-01148 
Gisela Selo vs. Robert R. Meredith & Co., Inc. 
07-01786 
Clark Dodge & Co., Inc. v. Martin Rybak 
05-06403 
Brian Langenberg v. Soleil Securities Corporation 
05-06317 
Michael Picozzi v. Lehman Brothers, Inc., and William Philip Walsh 
Close Date 
03/26/2009 
12/12/2007 
06/22/2007 
06/04/2007 
Staff ID: LeeC 
Pape 60 of 75 
Publicly Available Awards Section, Current as of 
01/2=010 
EFTA00726385

FINRA Dispute Resolution 
Arbitrator ID: 
99-02295 
James Messenger and Lois Messenger vs Biltmore Securities Inc., Rand Alan Heckler, FAS 
04/15/2003 
Wealth Management Service etal 
ARBITRATOR BACKGROUND INFORMATION 
After graduating law school, I worked briefly for a small law firm specializing in elder law. In February of 1994, I joined the 
Prudential Securities Inc. Legal Department working on the Limited Partnership Settlement Fund, where I represented 
Prudential in dozens of expedited arbitrations and also settled approximately a hundred claims. In January of 1996, I left 
Prudential and joined the legal department of Josephthal Lyon & Ross Inc. (Josephthal & Co., Inc). I have represented 
Josephthal at numerous NASD and NYSE arbitrations including customer sales practice cases and former employee claims 
including wrongful termination, defamation and Title VII claims. I have occasionally represented Josephthal in cases against 
former brokers. Additionally, I have represented brokers at NYSE and NASD enforcement actions. 
In May 2000, I left Josephthal to join the newly named law firm of Kogan Taubman & Neville, LLC. Starting January 2002 I left 
this firm and am operating as a solo practitioner. I am a full service law firm specializing in securities related issues. I represent 
issuers, investors and members of the brokerage and investment banking community. 
I am currently employed with the firm of Lax & Neville, LLP. 
On September 12, 2008, the Arbitrator responded to a FINRA survey about auction rate securities. In the response, the 
Arbitrator disclosed that since January 1, 2005, the Arbitrator has not been employed by or associated with a brokerage firm. 
Staff ID: LeeC 
Page 61 of 75 
Publicly Available Awards Section. Current as of 
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EFTA00726386

FINRA Dispute Resolution 
Arbitrator ID: 
Name: 
Arbitrator ID: 
CRD #: 
City/State/Country: 
Classification: 
FINRA Mediator: 
Chair Status: 
Arbitrator Disclosure Report 
Report reflects information provided by the arbitrator through 01/15/2010 
Mr. Andrew Joseph Donovan 
ARBITRATOR 
Skills in Controversy: 
Account Related - Dividends, Account Related - Transfer 
1291765 
Mohegan Lake / NY / United States 
Non-public 
No 
None 
Skills in Securities: 
Annuities. Corporate Bonds. Government Securities, Mutual 
Funds, Municipal Bonds, Municipal Bond Funds, Preferred 
Stock 
Start Date 
End Date 
01/2001 
Present 
01/2001 
Present 
08/1996 
01/2001 
05/1996 
08/1996 
01/1994 
12/1997 
10/1993 
08/1996 
01/1990 
1211993 
07/1989 
10/1993 
04/1988 
07/1989 
07/1984 
04/1988 
01/1980 
06/1984 
07/1978 
10/1979 
EMPLOYMENT 
Firm 
LPL Financial 
Self-Employed 
Chase Investment Services 
Advantage Capital 
Westchester County 
US Merchant Marine Acad. 
Town of Yorktown 
NY Medical College 
Kidder Peabody 
Merrill Lynch 
US Navy 
Merrill Lynch 
position 
Registered Representative 
Financial Consultant 
Financial Consultant 
Registered Representative 
County Legislator 
Director of Development 
NY Councilman 
Director of Development 
Financial Consultant 
Financial Consultant 
Damage Control Officer 
Operations Manager 
Start Date 
12/1994 
07/1974 
09/1970 
End Date 
03/1996 
02/1983 
06/1974 
EDUCATION 
School 
College of Financial Planning 
Fordham University 
Fordham University 
Desires 
CFP 
PhD 
BA 
Completed 
Description 
Details 
03/2009 
Motion to Dismiss 
Completed FAQ 
Training 
01/2009 
Expungement - 2008 
Completed FAQ 
FINRA 
Refresher 
12/2008 
Onsite Basic Panel 
FINRA 
Training 
TRAINING 
Firm/School 
FINRA 
Hours 
Location 
1 
1 
4 
Newark, NJ 
Staff ID: lime 
Page 02 of 75 
Publicly Available Awards Section, Current as of 
01/20/2010 
EFTA00726387

FINRA Dispute Resolution 
12/2008 
11/2008 
Expungement online 
mini-course 
Online Basic Panel 
Training 
FINRA 
FINRA 
Arbitrator ID: 
1.5 
online 
11 
online 
Tvoe
Has an account with 
I am a client of 
Is a member of 
Had an account with 
I was a client of 
Received Honors 
Had an account with 
I was a client of 
Was a member of 
Was a member of 
Was a member of 
Has published 
Has published 
Lectured on 
Lectured on 
Holds Securities License(s) 
DISCLOSURE/CONFLICT INFORMATION 
Firm Name 
LPL Financial 
LPL Financial 
Boy Scout 
Chase Investment Services 
Chase Investment Services 
HB Earthart Foundation 
Merrill Lynch 
Merrill Lynch 
New York State 4-H Foundation 
Town of Yorktown 
Yorktown Chamber of Commerce 
Details 
IRA 
Leader 
IRA 
Fellow Shipe 
Brokerage/IRA 
Chairman 
Elected Councilman 
Former Director 
"Fund Raising Management" 
"Planned Giving Today" 
Fund Raising ProgramlCreation & 
Mgmt. 
Planned Giving 
Series 7, 24, 63, and 65 
Case ID 
Case Name 
PUBLICLY AVAILABLE AWARDS 
Publicly Available Awards Section. Current as of 01/202010 
There is no award information. 
Close Date 
ARBITRATOR BACKGROUND INFORMATION 
Andrew Donovan was born in New York City where he attended local schools. He graduated from Fordham University where 
he received his BA degree. He was awarded a Fellowship by the H.B. Earhart Foundation. He taught American Government at 
Fordham University from 1976 to 1978. He received his Ph.D. from Fordham University in 1983. 
In 1978 Mr. Donovan joined Merrill Lynch, Pierce, Fenner and Smith, Inc. in New York. He was appointed Operations Manager 
for the New York Commodity Sales Office. In 1980, Mr. Donovan took leave from Merrill Lynch and was commissioned an 
officer in the United States Navy. During his four and a half years on active duty, he served as Damage Control Officer aboard 
and, ammunition ship and as Navigator aboard the guided missile cruiser, USS Josephus Daniels. After his discharge from 
active duty in 1984, he remained in the Naval Reserve. He is a graduate of the United States Naval War College. He retired in 
2000 with the rank of Lieutenant Commander. 
Mr. Donovan returned to Merrill Lynch, Pierce, Fenner and Smith in 1984 as a Financial Consultant advising individuals and 
businesses on investments, insurance and retirement plans. He was later employed by Kidder Peabody and Company as a 
Financial Consultant and by both New York Medical College and the United States Merchant Marine Academy as Director of 
Development. Mr. Donovan was a Certified Fund Raising Executive (CFRE) specializing in planned giving. His articles have 
been published in "Planned Giving Today" and "Fund Raising Management." He has presented seminars on planned giving, 
Stall ID: LeeC 
Page 63 of 75 
Publicly Available Awards Section. Current as of 
01/202010 
EFTA00726388

FINRA Dispute Resolution 
Arbitrator ID: 
and fund raising program creation and management. 
In 1989, Mr. Donovan was elected Councilman in the Town of Yorktown. In 1993 he was elected Westchester County 
Legislator. He was re-elected in 1995. He did not seek re-election at the expiration of his term. During this time he also served 
as Chairman of the New York State 4-H Foundation. He is also a former Director of the Yorktown Chamber of Commerce. 
Today he serves as a Boy Scout leader. 
In 1996, Mr. Donovan joined Chase Investment Services as a Financial Consultant in the Yorktown Peekskill area. Mr. 
Donovan joined the national independent brokerage firm of LPL Financial in 2001. As an independent financial representative, 
his business operates under the name of Donovan Financial. As a Certified Financial Planner professional, securities and 
insurance are offered through LPL Financial which is a member of the FINRA and SIPC. 
On October 7, 2008, the arbitrator responded to a FINRA survey about auction rate securities. In the response, the arbitrator 
disclosed that since January 1, 2005, the arbitrator had been employed by or associated with a brokerage firm that sold auction 
rate securities. 
Staff ID: LeeC 
Pape 64 of 75 
Publicly Available Awards Section, Current as of 
01/20,2010 
EFTA00726389

FINRA Dispute Resolution 
Arbitrator ID: 
Arbitrator Disclosure Report 
Report reflects information provided by the arbitrator through 01/15/2010 
ARBITRATOR 
Name: 
Mr. Antonio Concepcion 
Skills in Controversy: 
Arbitrator ID: 
Account Related - Dividends, Executions - Execution Price, 
Executions - Limit v. Market Order, Trading Disputes - Buy In, 
CRD 
Trading Disputes - Mark-ups. Trading Disputes - Sell Outs 
City/State/Country: Hightstown NJ / United States 
Classification: 
Non-public 
Skills In Securities: 
FINRA Mediator: 
No 
Common Stock, Corporate Bonds, Mutual Funds, Preferred 
Chair Status: 
None 
Stock, DO NOT USE, Warrants/Rights 
EMPLOYMENT 
Start Date 
End Date 
Firm 
Position 
08/2001 
Present 
Retired 
not provided 
01/1996 
08/2001 
Hill, Thompson, Magid, L.P. 
Senior Foreign Trader 
10/1994 
12/1995 
Wood Gundy Corporation 
Order Clerk 
05/1994 
08/1994 
Ernst & Company 
Trader OTC 
07/1992 
04/1994 
Cart Securities Corporation 
Trader OTC 
08/1987 
01/1992 
Adler Coleman & Company 
Trader 
02/1965 
08/1987 
Carl Marks & Company 
Trader 
01/1964 
02/1965 
E.F. Hutton & Company 
Order Clerk 
06/1963 
01/1964 
Ira Haupt & Company 
Teletype 
05/1959 
06/1963 
Model Roland & Stone 
Cable Clerk 
01/1959 
01/1969 
U.S. Army Reserve 
Staff Sargent 
07/1953 
04/1959 
H. Hentz & Company 
Cable Clerk 
EDUCATION 
Start Date 
End Date 
School 
Degree 
06/1958 
05/1959 
New York Institute of Finance 
not provided 
01/1949 
01/1953 
Erasmus Hall High School 
Diploma 
TRAINING 
Completed 
Description 
Details 
Firm/School 
Hours 
Location 
04/2009 
Motion to Dismiss 
FINRA 
12/2008 
Training 
Expungement - 2008 
FINRA 
1 
03/2007 
Refresher 
Revised Code of 
NASD 
2 
online 
10/2004 
Arbitration 
Expungement online 
mini-course 
NASD 
1.5 
online 
Staff ID: LeeC 
Page 65 of 75 
Publicly Available Awards Section. Current as of 
01/20/2010 
EFTA00726390

FINRA Dispute Resolution 
12/2003 
New Panel Member 
Training [NASD] 
NASD 
Arbitrator ID: 
11 
New York, NY 
Type
Has made a disclosure about 
Has an account with 
Was employed by 
Was employed by 
Was employed by 
Was employed by 
Was employed by 
Was employed by 
Had an account with 
Was employed by 
Was employed by 
Was employed by 
Was a member of 
Was employed by 
Is a member of 
Holds Securities License(s) 
Languages other than English 
DISCLOSURE/CONFLICT INFORMATION 
Firm Name 
Details 
Citigroup Global Markets, Inc. 
Scottrade 
Adler Coleman & Co. 
Carl L. Marks & Co. 
Car Securities Corp. 
E.F. Hutton & Co. 
Ernst & Co. 
H. Hentz & Co. 
Hill Thompson Magid & Co., Inc. 
Hill, Thompson, Magid 
Ira Haupt & Co. 
Model, Roland & Stone 
Preferred Traders Association 
Wood Gundy Corp. 
As a trader:had traded occasionally 
w/Smith Barney 
STANY 
Series 7 and 55 (held) 
Spanish 
Case ID 
06-05327 
04-06540 
PUBLICLY AVAILABLE AWARDS 
Pubis* Available Awards Section, Current as of 01/202010 
Case Name 
Cosme Monot vs. LinkBrokers Derivatives Corporation Inc. 
Joseph Parella, Angelina Parella, et al vs. Milton Koenigsberg and Northeast Securities 
Incorporated 
Close Date 
02/02/2009 
06/06/2006 
ARBITRATOR BACKGROUND INFORMATION 
My career in the securities industry began in 1953. My responsibilities during these years grew from an entry level position in 
the Foreign Department of the prestigious firm of H. Hentz & Co., for whom I worked six years, to my most recent employment 
with Hill, Thompson, Magid, L.C., as Senior Foreign Trader. At this firm, it was my responsibility to start a viable Foreign 
Trading Desk and trade, along with aiding in the development and listing in the U.S.A., of previously foreign only traded issues. 
I also acted as consultant to this firm on these issues. 
I began trading in the 1960's, with the firm of Carl Marks and Company Inc. While employed there for twenty-two years, I traded 
foreign securities, third market listed securities, bonds, preferred, and many esoteric issues. Added to my duties here, was 
Public Relations, for which I traveled to Europe and throughout the country for about 30 years. I have been registered with the 
NYSE, PCSE, NASD, and have been a member of STANY, holding several appointed positions with them over the years. I 
have also been a member of the Preferred Traders Association. 
My military service was with the U.S. Army Reserve, as a Staff Sergeant, serving from 1959 until 1969, where I was the 
Staff ID: LeeC 
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Arbitrator 
Communications Chief of H.Q. Battery, supervising more than fifty men. I was recalled to active duty during the Berlin Crisis 
and Cuban Missile Crisis, and received an honorable discharge in 1969 
Previously. I held a Series 7 and 55 licenses. I have taught Securities Courses at the local school for Community Education for 
fifteen years, and presently work with the Literacy Volunteers of America (LVOA), where I have been certified for teaching Basic 
Literacy and ESL (English as a Second Language), which I find very rewarding. I graduated from Erasmus Hall High School in 
1953, with an Academic Diploma, and have also attended the New York Institute of Finance, where I studied and passed 
courses in Brokerage Procedure, work of the New York Stock Exchange, Options, Accounting Principles and Security Analysis. 
On August 6, 2008, the Arbitrator responded to a FINRA survey about auction rate securities. In the response, the Arbitrator 
disclosed that since January 1, 2005, the Arbitrator has not been employed by or associated with a brokerage firm. 
Staff ID: LeeC 
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Arbitrator ID: 
Arbitrator Disclosure Report 
Report reflects information provided by the arbitrator through 01/152010 
ARBITRATOR 
Name: 
Mr. R. Scott Garley 
Skills in Controversy: 
Arbitrator ID: 
Account Related - Margin Calls, Account Related - Transfer, 
CRD #: 
Executions - Execution Price, Empbyment - Breach of 
Contract, Employment - Commissions, Employment -
City/State/Country: New York / NY / United States 
Compensation, Employment - Employment Discrimination, 
Employment - Libel or Slander, Employment - Partnerships, 
Employment - Promissory Notes, Employment - Wrongful 
Termination, Other - Clearing Disputes, Other - Recruitment 
Disputes, Trading Disputes - Other Floor Trading 
Classification: 
Non-public 
Skills in Securities: 
FINRA Mediator: 
No 
Common Stock, Corporate Bonds, Limited Partnerships, 
Chair Status: 
None 
Mutual Funds, Options, Repurchase Agreements 
EMPLOYMENT 
Start Date 
End Date 
Finn 
Position 
08/1998 
Present 
Gibbons Del Deo Dolan Griffinger, et al 
Partner 
06/1994 
07/1998 
Grais & Phillips 
Partner 
01/1994 
05/1994 
R. Scott Garley 
Sole Practitioner 
08/1992 
12/1993 
Daley & Carley 
Partner 
03/1984 
07/1992 
Seward & Kissel 
Associate 
09/1981 
03/1984 
Haight, Gardner, Poor & Havens 
Associate 
EDUCATION 
Start Date 
End Date 
School 
Law School 
University 
Deorso 
JD 
AB 
09/1978 
09/1974 
05/1981 
Fordham 
05/1978 
Colgate 
TRAINING 
Completed 
Description 
Details 
Firm/School 
Hours 
Location 
02/2008 
Revised Code of 
FINRA 
2 
online 
12/2004 
Arbitration 
Expungement online 
mini-course 
NASD 
1.5 
online 
10/1999 
New Chairperson 
NASD 
11 
New York, NY 
12/1912 
Training (NASD] 
Intro Securities Arbitrator 
NASD 
7 
Training 
DISCLOSURE/CONFLICT INFORMATION 
D22 
Firm Name 
My firm/employer had a client of 
Advest, Inc. 
Staff ID: LeeC 
Details 
Newark office represented firm 
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My firm/employer has a client of 
Initiated/defended legal action 
against 
Has an account with 
Is a Client 
Initiated/defended legal action 
against 
Is a Client 
Is a Client 
Has made a disclosure about 
Is a Client 
Initiated/defended legal action 
against 
Is a Member of Bar Association 
My firm/employer has a client of 
Is a Client 
Has made a disclosure about 
Is a member of 
Is a Client 
Was Arbitrator for 
Investor 
complaint/arbitration/suit 
Is a Client 
Is a Member of Bar Association 
Is a Member of Bar Association 
Arbitrator for 
Arbitrator ID: 
Banc of America Securities 
Citigroup Global Markets, Inc. 
Salomon Smith Barney Inc. 
Fidelity Investments Institutional Services 
First Union Securities, Inc. 
Gruntal & Co., LLC 
Lehman Bros 
Lehman Brothers Inc 
Merrill Lynch Pierce Fenner & Smith 
Morgan Stanley DW Inc. 
Prudential Equity Group, LLC 
American Bar Association 
Bank of America 
FISERV Securities 
Lehman Bros. Inc. Phoenix Brokerage,LLC 
NY County Lawyers Association 
National Discount Brokerage 
New York Stock Exchange 
Salomon Smith Barney, Inc. 
TLW Securities, LLC 
Lehman Bros. FISERV Sec. Inc., Natl 
Disco. Broker 
Morgan Stanley 
Prudential Securities Inc 
Attorney for 
Monmouth New Jersey 
New York City 
US District Court Easten District of NY 
PUBLICLY AVAILABLE AWARDS 
Publicly Available Awards Section, Dutton! as of 01/20/2010 
Case ID 
Case Name 
06-01988 
Stuart Lantz v. Lincoln Financial Advisors Corporation 
01-04644 
Aaron N. Wise v. Chase Investment Services Corp. 
99-04170 
Jesup Lamont Securities Corp. v. C. Arthur, LLC.. CCF Captial Group. Inc., Arthur Wheeler, et al. 
97-05008 
Joel L. Gold vs. LT Lawrence & Co., Inc. 
Close Date 
03/03/2008 
03/06/2003 
12/26/2000 
02/09/1999 
ARBITRATOR BACKGROUND INFORMATION 
My practice focuses primarily on litigation, arbitration, investigations and counseling in securities, employment, business tort 
(including fraud, unfair competition and civil RICO) and general commercial matters in New York and New Jersey. 
I represent securities firms, institutional investors and individuals in connection with securities fraud claims, trading and 
customer disputes. and hedge fund and investment partnership disputes. This includes representing broker-dealers and 
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investment management firms and their employees in arbitrations of all kinds, regulatory and compliance matters, and 
disciplinary investigations and proceedings before NYSE, NASD, SEC and state securities agencies. I also represent firms and 
individuals in disputes involving employment contracts, executive compensation employee benefits, non-compete and other 
restrictive covenants, discrimination and employment-related torts. 
On September 18, 2008, the Arbitrator responded to a FINRA survey about auction rate securities. In the response, the 
Arbitrator disclosed that since January 1. 2005. the Arbitrator has not been employed by or associated with a brokerage firm. 
Staff ID: LeeC 
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Arbitrator ID: 
Arbitrator Disclosure Report 
Report reflects information provided by the arbitrator through 01/15/2010 
Name: 
Mr. Larry W. Befeler 
Arbitrator ID: 
CRD #: 
City/State/Country: Murray Hill / NJ / United States 
Classification: 
FINRA Mediator: 
Chair Status: 
None 
Non-public 
No 
ARBITRATOR 
Skills in Controversy: 
There are no skills in controversy information. 
Skills in Securities: 
There are no skills in security information. 
Start Date 
End Date 
07/2003 
Present 
07/2003 
Present 
06/2003 
01/2005 
11/2000 
06/2003 
04/2000 
10/2000 
04/2000 
11/2000 
03/1993 
04/2000 
05/1989 
03/1993 
02/1988 
05/1989 
02/1987 
02/1988 
09/1986 
02/1987 
EMPLOYMENT 
Fir
me
aNrtional Financial 
Fidelity Investments 
Correspondent Services. Corp. 
UBS PaineWebber (CSC) 
Trade.com Online Securities, Inc. 
Bluestone Capital Partners, LP 
Oppenheimer & Co., Inc. (CIBC) 
Oppenheimer & Co., Inc. 
Shearson Lehman Hutton 
Drexel Bumham Lambert 
Bank of New York 
Position 
Director 
Director 
Credit & Risk Manager 
Compliance Officer 
Branch 
Compliance/Operations 
Corr. Clearing Analyst 
Margin Clerk 
Margin Clerk 
GNMA Accountant 
Start Date 
09/1982 
09/1974 
End Date 
05/1986 
05/1962 
EDUCATION 
School 
University of New Hampshire 
Pingry High School 
Degree
BA 
Diploma 
Completed 
Description 
03/2009 
01/2009 
03/2007 
08/2004 
Staff ID: LeeC 
Motion to Dismiss 
Training 
Expungement - 2008 
Refresher 
Revised Code of 
Arbitration 
Expungement online 
mini-course 
Details. 
TRAINING 
Firm/School 
FINRA 
Page 71 of 75 
FINRA 
NASD 
NASD 
Hours 
Location 
1 
1 
2 
online 
1.5 
online 
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EFTA00726396

FINRA Dispute Resolution 
08/2004 
03/1996 
Duty to Disclose online 
mini-course 
Intro Securities Arbitrator 
Training 
NASD 
Arbitrator ID: 
1 
online 
Introductory Arbitrator 
6 
San Francisco, CA 
Training 
DISCLOSURE/CONFLICT INFORMATION 
L'yn 
Firm Name 
Details 
Has made a disclosure about 
J. C. Bradford & Co. 
(Affiliated Co. w/UBS PaineWebber) 
Is a Client 
Prudential Securities 
Has an account with 
Wachovia Securities, LLC 
Family member had relationship 
Bank of America Securities 
Spouse was employed 
with 
Was employed by 
Bluestone Capital Partners, LP 
Family member had relationship 
Cowen 
Spouse was employed 
with 
Had an account with 
First Union Bank 
Family member had relationship 
Montgomery 
Spouse was employed 
with 
Family member had relationship 
Oppenheimer 
Spouse was employed 
with 
Had an account with 
Oppenheimer & Co 
Is a member of 
SIA Compliance and Legal Division 
Holds Securities License(s) 
Series 3, 4, 7, 8. 14, 24. 63 and 65 
Was employed by 
UBS Paine Webber 
PUBLICLY AVAILABLE AWARDS 
Publicly Available Awards Section. Current as of 0120/2010 
Case ID 
Case Name 
Close Date 
05-05320 
David W. Levy v. Citigroup Global Markets, Inc. 
07/25/2008 
00.05729 
West Caldwell Office Associates, LLC v. Merrill Lynch, Pierce, Fenner & Smith, Inc. and 
10/17/2002 
Christopher Killeen 
ARBITRATOR BACKGROUND INFORMATION 
I am currently a Vice President of Risk Management at National Financial Services, LLC, Fidelity Company. My duties involve 
all areas of the correspondent clearing business. Previously, I was the Director of compliance at Bluestone Capital/Trade.com, 
where I was involved in a broad range of national retail and on-line issues. I have previously worked in a retail branch office in 
operations, compliance and administrative capacities and have a broad operations background including margin. 
I currently maintain the following securities licenses: Series 3, 4, 7, 8, 14. 24 and 63. 
On July 23, 2008, the arbitrator responded to a FINRA survey about auction rate securities. In the response, the arbitrator 
disclosed that since January 1. 2005. the arbitrator was employed by or associated with a brokerage firm that sold auction rate 
securities, but the arbitrator neither sold auction rate securities nor supervised someone who sold auction rate securities. 
Staff ID: LeeC 
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