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National Adjudicatory Council

The National Adjudicatory Council (NAC) is a FINRA committee that reviews initial decisions rendered in FINRA disciplinary and membership proceedings. While a decision is on appeal, the sanction is not actively enforced against the firm or individual. The NAC may affirm, dismiss, modify, or reverse any finding, or remand for further proceedings. The NAC may affirm, modify, reverse, increase, or reduce any sanction or impose any other fitting sanction.

Unless FINRA's Board of Governors decides to review the NAC's appellate decision, the NAC's decision represents FINRA's final action. A firm or individual can appeal FINRA's decision to the Securities and Exchange Commission.

Date of Decision Proceeding No. Title Type
October 02, 2019 2014040476901 C.L. King & Associates, Inc. and Gregg Alan Miller Disciplinary Decision
September 30, 2019 2016050924601 Bradley C. Reifler Disciplinary Decision
July 30, 2019 2016049085401 Robert Charles McNamara Disciplinary Decision
July 26, 2019 2015045254501 Richard O. White Disciplinary Decision
May 23, 2019 2014039285401 APPEALED: Southeast Investments, N.C., Inc. & Frank Harmon Black Disciplinary Decision
May 22, 2019 2012030738501 APPEALED: J.W. Korth and Company Disciplinary Decision
May 15, 2019 2015048362402 John Anthony Vedovino Disciplinary Decision
May 15, 2019 2016052347901 Austin Wayne Morton Disciplinary Decision
May 02, 2019 SD-2140 Stifel, Nicolaus & Co., Inc. Statutory Disqualification
March 18, 2019 2016047565702 Dakota Securities & Bruce Zipper Disciplinary Decision
March 15, 2019 SD-2195 Scott Coy Statutory Disqualification, Denials
March 11, 2019 2010022977801r David B. Tysk Disciplinary Decision
March 07, 2019 SD-2148 Guy Wyser-Pratte Statutory Disqualification, Denials
March 05, 2019 2014039839101 Jim Jinkook Seol Disciplinary Decision
January 29, 2019 2015044823501, 2015044823502 Craig Scott Taddonio, Brent Morgan Porges, Edward Beyn Disciplinary Decision
January 16, 2019 2013035130101 APPEALED: Cantone Research, Inc., Anthony Cantone, and Christine Cantone Disciplinary Decision
January 08, 2019 2015046759201 Todd B. Wyche Disciplinary Decision
January 08, 2019 2013037522501 APPEALED: Trevor Michael Saliba, Sperry Randall Younger, Richard Daniel Tabizon, and Arthur Mansourian Disciplinary Decision
December 20, 2018 SD-2157 Allan Wolfe Statutory Disqualification, Approvals
November 29, 2018 SD-2095 Ronald B. Smith Statutory Disqualification, Approvals
November 21, 2018 SD-2203 Gates Capital Corporation Statutory Disqualification, Approvals
October 11, 2018 2012030731802 APPEALED: William H. Murphy & Co., Inc., and William H. Murphy Disciplinary Decision
October 04, 2018 2013037401001 Stanley Clayton Niekras Disciplinary Decision
October 03, 2018 2012033832501 Matthew David Rubin Disciplinary Decision
October 02, 2018 2014042291901 APPEALED: Gopi Krishna Vungarala Disciplinary Decision