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 | |
|---|---|---|---|---|
| Dec 22, 2010 | 2006005318801 | Kent M. Houston | Disciplinary Decision | |
| Jul 25, 2013 | 20060053785-02 | Robert N. Drake | Disciplinary Decision | |
| Aug 25, 2009 | 2006005565401 | Michael L. Vines | Disciplinary Decision | |
| Oct 21, 2010 | 2006005696601 | Westrock Advisors, Inc. | Disciplinary Decision | |
| Aug 1, 2012 | 2006005786501 | Joseph A. Padilla and Andrea M. Ritchie(f/k/a Andrea M. Bruno) | Disciplinary Decision | |
| Jul 31, 2007 | 20060058633 | NAC Redacted Membership Decision 20060058633 | Membership Decision | |
| Oct 3, 2011 | 2006005977901 | Kale E. Evans | Disciplinary Decision | |
| Dec 18, 2009 | 2006006192901 | Denis William Kraemer, Jr. | Disciplinary Decision | |
| Oct 6, 2009 | 2006006705601 | John M. Saad | Disciplinary Decision | |
| Mar 16, 2015 | 2006006705601r | APPEALED: John M.E. Saad | Disciplinary Decision | |
| May 3, 2010 | 2006006890801 | CMG Institutional Trading LLC and Shawn D. Baldwin | Disciplinary Decision | |
| Dec 28, 2010 | 2006007544401 | M. Paul De Vietien | Disciplinary Decision | |
| May 2, 2012 | 2007007151101 | Merrimac Corporate Securities, Inc. | Disciplinary Decision | |
| Sep 14, 2012 | 2007007792902 | Edward S. Brokaw | Disciplinary Decision | |
| Dec 26, 2013 | 20070082049 | Robert Marcus Lane and Jeffrey G. Lane | Disciplinary Decision | |
| Sep 26, 2012 | 2007008239001 | ACAP Financial Inc. and Gary Hume | Disciplinary Decision | |
| Oct 15, 2010 | 2007008358101 | Vincent P. McCrudden | Disciplinary Decision | |
| Jan 7, 2011 | 2007009082902 | Richard A. Neaton | Disciplinary Decision | |
| Dec 28, 2011 | 2007009403801 | Stephen W. Wilson | Disciplinary Decision | |
| Dec 11, 2014 | 20070094044 | APPEALED: Wedbush Securities, Inc. and Edward William Wedbush | Disciplinary Decision | |
| Feb 24, 2011 | 20070094345,20070111775 | John E. Mullins and Kathleen M. Mullins | Disciplinary Decision | |
| Aug 5, 2011 | 20070094468 | Dirk Allen Taylor | Disciplinary Decision | |
| Dec 17, 2010 | 2007009848801 | Dante J. DiFrancesco | Disciplinary Decision | |
| Oct 4, 2011 | 2007009981201 | Robert D. Tucker | Disciplinary Decision | |
| Feb 26, 2013 | 2007010158001 | CapWest Securities, Inc.: Appealed | Disciplinary Decision |