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 |
|---|---|---|---|
| January 01, 2001 | SD01002 | In the Matter of the Association of X | Redacted Decision, Statutory Disqualification, Approvals |
| January 01, 2001 | SD01022 | In the Matter of the Continued Association of X | Redacted Decision, Statutory Disqualification, Approvals |
| January 01, 2001 | SD010007 | In the Matter of the Association of X | Redacted Decision, Statutory Disqualification, Denials |
| January 01, 2001 | SD01005 | In the Matter of the Association of X | Redacted Decision, Statutory Disqualification, Denials |
| January 01, 2001 | SD01011 | View Decision | Approvals, Statutory Disqualification, Redacted Decision |
| January 01, 2001 | SD01019 | In the Matter of the Association of X | Redacted Decision, Statutory Disqualification, Approvals |
| January 01, 2001 | SD01017 | In the Matter of the Continued Association of X | Redacted Decision, Statutory Disqualification, Approvals |
| January 01, 2001 | SD01020 | In the Matter of the Association of X | Redacted Decision, Statutory Disqualification, Approvals |
| December 18, 2000 | C10990014 | Stephen Earl Prout | Disciplinary Decision |
| November 17, 2000 | C10990024 | Averell Golub | Disciplinary Decision |
| November 16, 2000 | C3A990050 | Jim Newcomb | Disciplinary Decision |
| November 16, 2000 | C11970032 | Daniel Richard Howard | Disciplinary Decision |
| November 13, 2000 | C10970176 | Robert Fitzpatrick | Disciplinary Decision |
| November 06, 2000 | C8A980059 | In the Matter of Department of Enforcement, Complainant v. Respondent 1 and Respondent 2 | Disciplinary Decision, Redacted Decision |
| October 16, 2000 | C05940077 | John P. Goldsworthy | Disciplinary Decision |
| September 01, 2000 | C8A990017 | David L. Foran | Disciplinary Decision |
| August 16, 2000 | CAF980005 | Howard R. Perles & Laurence M. Geller | Disciplinary Decision |
| June 28, 2000 | CAF970011 | Richard Steven Levitov & Ralph Joseph Angeline | Disciplinary Decision |
| June 19, 2000 | C9A980032 | In the Matter of Department of Enforcement, Complainant v. Respondent 1 | Disciplinary Decision, Redacted Decision |
| June 02, 2000 | CAF980029 | Aleksandr Shvarts | Disciplinary Decision |
| June 01, 2000 | CMS970027 | Jerome E. Rosen | Disciplinary Decision |
| April 20, 2000 | C10970141 | Marlowe Robert Walker, III | Disciplinary Decision |
| April 19, 2000 | C07990016 | James O. Baxter, Jr. | Disciplinary Decision |
| April 18, 2000 | C3A980069 | Michael A. Usher | Disciplinary Decision |
| April 14, 2000 | CMS960174 | Vincent M. Carrella | Disciplinary Decision |