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, 2010 SD10006 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
Jan 1, 2011 SD11001 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
Jan 1, 2011 SD11002 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2011 SD11003 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
Jan 1, 2011 SD11004 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2011 SD11005 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
Jan 1, 2011 SD11006 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2011 SD11007 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2011 SD11008 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 2, 2012 SD12001 In the Matter of the Continued Association of X as a General Securities Representative Redacted Decision, Statutory Disqualification, Denials
Jan 2, 2012 SD12002 In the Matter of the Association of X as an Associated Person with The Sponsoring Firm Redacted Decision, Statutory Disqualification, Denials
Jan 2, 2012 SD12003 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 2, 2012 SD12004 In The Matter of the Association of X as an Investment Company and Variable Contracts Products Limited Representative with The Sponsoring Firm Redacted Decision, Statutory Disqualification, Approvals
Jan 2, 2012 SD12005 In the Matter of the Continued Association of X as a General Securities Representative with The Sponsoring Firm Redacted Decision, Statutory Disqualification, Denials
Jan 2, 2012 SD12006 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 2, 2012 SD12007 In the Matter of the Continued Membership of Firm X with FINRA Redacted Decision, Statutory Disqualification, Approvals
Jan 2, 2012 SD12008 In the Matter of the Continued Association of X as a General Securities Representative with The Sponsoring Firm Redacted Decision, Statutory Disqualification, Denials
Jan 2, 2012 SD12009 In the Matter of the Continued Association of X as a General Securities Representative with The Sponsoring Firm Redacted Decision, Statutory Disqualification, Approvals
Jan 2, 2012 SD12010 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2013 SD13001 In the Matter of the Continued Membership of Firm X with FINRA Statutory Disqualification, Approvals
Jan 1, 2013 SD13002 In the Matter of the Association of X as a General Securities Representative with The Sponsoring Firm Statutory Disqualification, Denials
Jan 1, 2013 SD13003 In the Matter of the Association of X as a Corporate Securities Limited Representative with The Sponsoring Firm Statutory Disqualification, Approvals
Jan 1, 2013 SD13004 In the Matter of the Continued Membership of Firm X with FINRA Statutory Disqualification, Approvals
Jan 1, 2013 SD13005 In the Matter of the Continued Membership of Firm X with FINRA Statutory Disqualification, Approvals
Dec 18, 2014 SD1904, SD-1905, SD-1984 J.P. Morgan Securities, LLC Statutory Disqualification, Approvals

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