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 | |
|---|---|---|---|---|
| Feb 18, 2016 | FPI150009 | Gary James Lundgren | Expedited Decision, Non-Summary Proceeding | |
| Dec 29, 2015 | 2011029619301 | APPEALED: Kenny Akindemowo | Disciplinary Decision | |
| Dec 22, 2015 | 2010025350001 | Roric E. Griffith | Disciplinary Decision | |
| Dec 17, 2015 | 20110273503 | Richard A. McGuire | Disciplinary Decision | |
| Dec 17, 2015 | 2010025181001 | APPEALED: John Vincent Ballard | Disciplinary Decision | |
| Dec 17, 2015 | 2010024889501 | William B. Fretz, Jr, John P. Freeman and The Keystone Equities Group, LP | Disciplinary Decision | |
| Oct 5, 2015 | 2009017899801 | APPEALED: Rani T. Jarkas | Disciplinary Decision | |
| Sep 29, 2015 | SD-2029 | Bret M. Shapiro with Dawson James Securities, Inc. | Statutory Disqualification, Denials | |
| Sep 25, 2015 | 2012034211301 | APPEALED: Fuad Ahmed | Disciplinary Decision | |
| Sep 25, 2015 | 2012032950101 | APPEALED: Joseph R. Butler | Disciplinary Decision | |
| Jul 28, 2015 | 2009016159102 | Warren Forest | Disciplinary Decision | |
| Jul 27, 2015 | 2011027993301 | APPEALED: Michael Earl McCune | Disciplinary Decision | |
| Jul 23, 2015 | 2009016317701 | James E. Rooney, Jr. | Disciplinary Decision | |
| Jul 16, 2015 | 2012032997201 | APPEALED: Stephen Grivas | Disciplinary Decision | |
| May 6, 2015 | 2009016317701 | The Dratel Group, Inc. and William M. Dratel | Disciplinary Decision | |
| May 4, 2015 | M00010006 | APPEALED: In the Matter of the New Membership Application Firm X | Membership Decision, Redacted Decision | |
| Apr 30, 2015 | SD-1960 | Scott Mathis with DPEC, Inc. | Statutory Disqualification, Approvals | |
| Apr 29, 2015 | 2009017195204 | Merrimac Corporate Securities, Inc. | Disciplinary Decision | |
| Apr 22, 2015 | SD-1962 | Candace J. Lee with Financial Services International Corp | Statutory Disqualification, Approvals | |
| Apr 16, 2015 | 2007011413501 | APPEALED: Brookstone Securities, Inc., Antony Lee Turbeville, Christopher Dean Kline and David William Locy | Disciplinary Decision | |
| Mar 16, 2015 | 2006006705601r | APPEALED: John M.E. Saad | Disciplinary Decision | |
| Mar 9, 2015 | 2011025899601 | David and Sian Harari | Disciplinary Decision | |
| Mar 3, 2015 | 20110269351 | John Cherry, III | Disciplinary Decision | |
| Feb 27, 2015 | 2011028061001 | APPEALED: Keilen Dimone Wiley | Disciplinary Decision | |
| Dec 29, 2014 | 2009019108901 | APPEALED: William Scholander and Talman Harris | Disciplinary Decision, Redacted Decision |