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.sort descending Title Type
Jan 1, 2004 SD04012 In the Matter of the Continued Association of X Redacted Decision, Statutory Disqualification, Denials
Jan 1, 2004 SD04013 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2004 SD04014 In the Matter of the Continued Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2004 SD04015 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2004 SD04016 In the Matter of the Continued Membership of Firm 1 Redacted Decision, Statutory Disqualification, Other
Feb 24, 2004 SD04017 In the Matter of the Continued Association of X Redacted Decision, Statutory Disqualification, Other
Jan 1, 2005 SD05001 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2005 SD05003 In the Matter of the Continued Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2005 SD05004 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2005 SD05005 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2005 SD05006 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2005 SD05007 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2005 SD05008 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
Jan 1, 2005 SD05009 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2005 SD05010 In the Matter of X as a Limited Representative – Corporate Securities Representative Redacted Decision, Statutory Disqualification, Denials
Jan 1, 2006 SD06001 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2006 SD06002 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
Jan 1, 2006 SD06003 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2006 SD06004 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2006 SD06005 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2006 SD06006 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2006 SD06007 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2006 SD06008 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2006 SD06009 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2006 SD06010 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals

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