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. Titlesort descending Type
Nov 13, 2002 CMS000142 Ko Securities, Inc. Disciplinary Decision
Dec 20, 2004 CMS000142 Ko Securities, Inc. Disciplinary Decision
Dec 17, 1997 C01960003,C01960024 L.H. Alton & Company & Lewis Hunt Alton Disciplinary Decision
Feb 27, 1998 CMS950110 La Jolla Capital Corp. & Harold Bailey Gallison, Jr. Disciplinary Decision
Jul 8, 1998 C10970007 Lawrence P. Bruno, Jr. Disciplinary Decision
Oct 8, 2010 2005000879302 Legacy Trading Co., LLC and Mark Alan Uselton Disciplinary Decision
Oct 11, 2016 2009020941801 APPEALED: Lek Securities Corporation Disciplinary Decision
Jul 3, 1997 C10930044 Leonard John Ialeggio Disciplinary Decision
Aug 7, 2009 E102004083705 Lisa Ann Tomiko Nouchi Disciplinary Decision
Jan 6, 1998 C02950044 Lori Sue Koppel-Heath Disciplinary Decision
Jul 15, 2016 SD-2096 Louis A. Woolf with Voya Financial Advisors, Inc. Statutory Disqualification, Approvals
Nov 3, 2017 SD-2160 Louis Capital Markets, LP Statutory Disqualification, Approvals
Mar 15, 2017 2009017440201 APPEALED: Louis Ottimo Disciplinary Decision
Dec 13, 2001 C9A000027 Luther A. Hanson Disciplinary Decision
Dec 28, 2010 2006007544401 M. Paul De Vietien Disciplinary Decision
Jun 3, 2002 CAF000030 Manual M. Bello Disciplinary Decision
May 16, 2017 SD-2103 Marc N. Jaffe as a General Securities Representative with Integrity Brokerage Services, Inc. Statutory Disqualification, Denials
Jul 30, 2009 E102004083704 Marc Winters Disciplinary Decision
Dec 20, 2011 2005001988201 Mark B. Beloyan and Tradespot Markets, Inc. Disciplinary Decision
Dec 21, 2004 C8B030012 Mark F. Mizenko Disciplinary Decision
May 19, 2003 C3A010009 Mark H. Love Disciplinary Decision
Oct 18, 1999 C07980011 Mark S. Balbirer Disciplinary Decision
Apr 20, 2000 C10970141 Marlowe Robert Walker, III Disciplinary Decision
Sep 23, 2008 CMS040202 Marshall J. Field Disciplinary Decision
Feb 27, 2007 C8A050027 Marylan Taylor Disciplinary Decision

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