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
Oct 6, 2009 2006006705601 John M. Saad Disciplinary Decision
Oct 2, 2009 20060049953-01 Joseph Ricupero Disciplinary Decision
Aug 25, 2009 2006005565401 Michael L. Vines Disciplinary Decision
Aug 21, 2009 2005001919501 Jennifer Jordan Disciplinary Decision
Aug 7, 2009 E102004083705 Lisa Ann Tomiko Nouchi Disciplinary Decision
Jul 30, 2009 E102004083704 Marc Winters Disciplinary Decision
Jul 30, 2009 E9B2003033701 Keith Howard Medeck Disciplinary Decision
Jul 28, 2009 2005000127502 Steven Richard Jaloza, Neal Anthony Impellizeri and Michael Raymond Gimeli Disciplinary Decision
Jul 23, 2009 C07050042 Wanda P. Sears Disciplinary Decision
Apr 6, 2009 ELI2004026701 Iftikhar Ul Haq Disciplinary Decision
Feb 25, 2009 EAF0400300001 Kirlin Securities, Inc., Anthony J. Kirincic, David O. Lindner and Andrew J. Israel Disciplinary Decision
Feb 24, 2009 E9A2002010501 Kevin M. Glodek Disciplinary Decision
Jan 1, 2009 SD09007 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
Jan 1, 2009 SD09001 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2009 SD09004 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2009 n/a In the Matter of Corporation K OTCBB, Redacted Decision
Jan 1, 2009 SD09003 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
Jan 1, 2009 SD09006 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2009 SD09005 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2009 SD09002 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
Jan 1, 2009 SD09008 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Dec 16, 2008 E9A2004048801 Brian J. Kelly Disciplinary Decision
Dec 12, 2008 C10040052 Scott Mathis Disciplinary Decision
Dec 10, 2008 E8A2005014902 North Woodward Financial Corp. and Douglas A. Troszak Disciplinary Decision
Oct 9, 2008 CMS030182 Richard F. Kresge Disciplinary Decision

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