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 | |
|---|---|---|---|---|
| Jul 20, 2017 | 2012034936005 | David Joseph Escarcega | Disciplinary Decision | |
| Jul 20, 2017 | 2011025675501r | APPEALED: Kimberly Springsteen-Abbott | Disciplinary Decision | |
| Jun 16, 2017 | SD-2154 | James H. Dean with American Portfolios Financial Services, Inc. | Statutory Disqualification, Approvals | |
| May 26, 2017 | 2011027666902 | APPEALED: Merrimac Corporate Securities, Inc., and Robert G. Nash | Disciplinary Decision | |
| May 16, 2017 | SD-2103 | Marc N. Jaffe as a General Securities Representative with Integrity Brokerage Services, Inc. | Statutory Disqualification, Denials | |
| May 12, 2017 | 2012034936101 | Jeffrey D. Noard | Disciplinary Decision | |
| Mar 23, 2017 | SD-2138 | Sandra M. Logay with Mid Atlantic Capital Corporation | Statutory Disqualification, Approvals | |
| Mar 23, 2017 | SD-2120 | Alexander Bastron with Cambridge Investment Research | Statutory Disqualification, Approvals | |
| Mar 23, 2017 | 2014040968501 | APPEALED: Ahmed Gadelkareem | Disciplinary Decision | |
| Mar 16, 2017 | 2013035211801 | APPEALED: David Adam Elgart | Disciplinary Decision | |
| Mar 15, 2017 | 2011025444501 | Wood (Arthur W.) Company, Inc. | Disciplinary Decision | |
| Mar 15, 2017 | 2010025087302 | APPEALED: Thaddeus J. North | Disciplinary Decision | |
| Mar 15, 2017 | 2009017440201 | APPEALED: Louis Ottimo | Disciplinary Decision | |
| Mar 13, 2017 | 2011027926301 | Matthew Joseph Sheerin | Disciplinary Decision | |
| Mar 8, 2017 | SD-2117 | Craig Scott Taddonio as a General Securities Representative with Meyers Associates, L.P. (n/k/a Windsor Street Capital, LP) | Statutory Disqualification | |
| Feb 9, 2017 | SD-2125 | Alfred G. Block with Buckman, Buckman and Reid, Inc. | Statutory Disqualification, Approvals | |
| Jan 25, 2017 | SD-2062 | Oppenheimer & Co., Inc. | Statutory Disqualification, Approvals | |
| Jan 13, 2017 | 2013036799501 | J. Michael Casas | Disciplinary Decision | |
| Jan 13, 2017 | 2011026346206 | Jaoshiang Luo | Disciplinary Decision | |
| Jan 10, 2017 | 2012033362101 | Thomas Edmund Connors | Disciplinary Decision | |
| Jan 6, 2017 | 2012030724101 | Fox Financial Management Corporation, Brian A. Murphy, James E. Rooney, Jr. | Disciplinary Decision | |
| Jan 4, 2017 | 2014041319201 | Miguel Ortiz | Disciplinary Decision | |
| Oct 11, 2016 | 2009020941801 | APPEALED: Lek Securities Corporation | Disciplinary Decision | |
| Oct 3, 2016 | 2012032519101 | Robert Earl Holaday | Disciplinary Decision | |
| Sep 14, 2016 | SD-2104 | SD-2104 Edwin Kantor with S2K Financial LLC | Statutory Disqualification, Approvals |