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
May 24, 2018 SD-2132 Kimberly Springsteen-Abbott Statutory Disqualification
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 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
Jan 4, 2018 2010020954501 APPEALED: Meyers Associates, L.P. (n/k/a Windsor Street Capital, L.P.) and Bruce Meyers Disciplinary Decision
Dec 22, 2017 2013035533701 APPEALED: Meyers Associates, L.P. Disciplinary Decision
Dec 21, 2017 2011027007901 Shashishekhar Doni Disciplinary Decision
Dec 11, 2017 SD-2144 Goldman, Sachs & Co. Statutory Disqualification, Approvals
Nov 28, 2017 SD-2147 Morgan Stanley Smith Barney Statutory Disqualification, Approvals
Nov 3, 2017 SD-2160 Louis Capital Markets, LP Statutory Disqualification, Approvals
Oct 5, 2017 2013038986001 APPEALED: Richard Allen Riemer, Jr. Disciplinary Decision
Oct 2, 2017 SD-2129 APPEALED: Bruce Zipper Disciplinary Decision
Aug 3, 2017 2012030527503 APPEALED: Thaddeus James North Disciplinary Decision
Jul 27, 2017 SD-2130 APPEALED: Robert J. Escobio Statutory Disqualification, Denials
Jul 24, 2017 20120320803-01 Shiva Naby Disciplinary Decision
Jul 24, 2017 2012034719701 APPEALED: Paul E. Taboada Disciplinary Decision
Jul 20, 2017 2015044444801 Glenn Robert King Disciplinary Decision
Jul 20, 2017 2012034936005 David Joseph Escarcega Disciplinary Decision

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