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 ascending Type
May 23, 2018 2012034393801 Aon Miller Disciplinary Decision
May 18, 2005 CMS030269 Anthony John Orlando, Jr. and Philip Anthony Orlando Disciplinary Decision
Aug 8, 2003 C02010041 Anthony H. Barkate Disciplinary Decision
Jul 26, 2007 C07050029 Anthony Cipriano Disciplinary Decision
Oct 3, 2014 2009016034101 APPEALED: Anthony A. Grey Disciplinary Decision
Nov 3, 1999 C04970050 Ansula Pet Hwa Liu Disciplinary Decision
Aug 1, 2014 20080127674 & 20080133768 Angelo Xagoraris Disciplinary Decision
Dec 7, 2005 C10030088 Andrew P. Schneider Disciplinary Decision
Jul 27, 2007 E072004072501 Andrew J. Hardin Disciplinary Decision
Aug 26, 2008 CAF040058 Andrew Gonchar and Polyvios Polyviou Disciplinary Decision
Dec 22, 1998 C10960149 Andrew Fensmark Harris Disciplinary Decision
Apr 9, 1999 C10970156 Andrew D. Schiff Disciplinary Decision
Apr 27, 2004 C10020060 Andrew C. Knight Disciplinary Decision
May 7, 2003 CMS000015 Amr "Tony" Elgindy and Key West Securities, Inc. Disciplinary Decision
Apr 30, 2008 CE3050003 American Fund Distributors, Inc. Disciplinary Decision
Aug 15, 2008 E1020040926-01 America First Associates Corp. and Joseph Ricupero Disciplinary Decision
May 24, 2005 C02020057 Alvin W. Gebhart, Jr. and Donna T. Gebhart Disciplinary Decision
Aug 17, 1998 C07970022 Allen R. Prewitt Disciplinary Decision
May 21, 2018 2014043001601 Allen Holeman Disciplinary Decision
Dec 20, 2018 SD-2157 Allan Wolfe Statutory Disqualification, Approvals
Oct 8, 2014 2011030192201 APPEALED: Alfred P. Reeves, III Disciplinary Decision
Feb 9, 2017 SD-2125 Alfred G. Block with Buckman, Buckman and Reid, Inc. Statutory Disqualification, Approvals
Mar 23, 2017 SD-2120 Alexander Bastron with Cambridge Investment Research Statutory Disqualification, Approvals
Jun 2, 2000 CAF980029 Aleksandr Shvarts Disciplinary Decision
Apr 26, 2013 2008015934801 Alan Jay Davidofsky Disciplinary Decision

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