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 Decisionsort ascending Proceeding No. Title Type
Jan 8, 2019 2013037522501 Trevor Michael Saliba, Sperry Randall Younger, Richard Daniel Tabizon, and Arthur Mansourian Disciplinary Decision
Jan 8, 2019 2015046759201 Todd B. Wyche Disciplinary Decision
Nov 29, 2018 SD-2095 Ronald B. Smith Statutory Disqualification, Approvals
Nov 21, 2018 SD-2203 Gates Capital Corporation Statutory Disqualification, Approvals
Oct 11, 2018 2012030731802 William H. Murphy & Co., Inc., and William H. Murphy Disciplinary Decision
Oct 4, 2018 2013037401001 Stanley Clayton Niekras Disciplinary Decision
Oct 3, 2018 2012033832501 Matthew David Rubin Disciplinary Decision
Oct 2, 2018 2014042291901 Gopi Krishna Vungarala Disciplinary Decision
Aug 17, 2018 SD-2151 Jesse B. Shelmire, IV with Stonegate Capital Markets, Inc. Statutory Disqualification, Approvals
Aug 1, 2018 SD-2180 State Street Global Markets, LLC Statutory Disqualification, Approvals
Aug 1, 2018 SD-2179 State Street Global Advisors Funds Distributors, LLC Statutory Disqualification, Approvals
Jul 20, 2018 2014041724601 Scottsdale Capital Advisors Corporation, John Joseph Hurry, Timothy Brian DiBlasi, and Darrel Michael Cruz Disciplinary Decision
Jun 25, 2018 SD-2183 David Girton Statutory Disqualification, Approvals
May 25, 2018 SD-2189 Francis D. Moise, Sr., with First Western Securities, Inc. Statutory Disqualification, Approvals
May 24, 2018 SD-2132 APPEALED: Kimberly Springsteen-Abbott Statutory Disqualification, Denials
May 23, 2018 2012034393801 Aon Miller Disciplinary Decision
May 23, 2018 2012030564701 Newport Coast Securities, Inc., Andre La Barbera, Douglas Leone Disciplinary Decision
May 21, 2018 2014043001601 Allen Holeman Disciplinary Decision
May 17, 2018 2015044960501 Michael Todd Clements Disciplinary Decision
May 14, 2018 SD-2172 APPEALED: Windsor Street Capital, L.P. (f/k/a Meyers Associates, L.P.) Statutory Disqualification, Denials
Apr 5, 2018 SD-2150 David P. Brown Statutory Disqualification, Approvals
Mar 28, 2018 2011030293503 Richard Gomez Disciplinary Decision
Mar 19, 2018 2014040876001 Kenneth J. Mathieson Disciplinary Decision
Mar 13, 2018 SD-2137 APPEALED: Gabriel Block Statutory Disqualification, Denials
Feb 22, 2018 SD-2123 Catherine Ann Sheridan Statutory Disqualification, Approvals

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