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 descending Type
Sep 28, 2007 200500631501 Bryan L. Claggett Disciplinary Decision
Apr 22, 2015 SD-1962 Candace J. Lee with Financial Services International Corp Statutory Disqualification, Approvals
Feb 26, 2013 2007010158001 CapWest Securities, Inc.: Appealed Disciplinary Decision
Apr 30, 2008 E9B2003026301 Carl Martin Trevisan Disciplinary Decision
Jun 29, 1998 No Complaint Number Carlisle Investment Group, Ltd. Disciplinary Decision
Feb 14, 2005 CMS030006 Castle Securities Corp. Disciplinary Decision
Feb 19, 2004 C3A010036 Castle Securities Corp. & Michael Studer Disciplinary Decision
Dec 10, 2012 2010023719601 Chad A. McCartney Disciplinary Decision
Jan 3, 2007 C3A040001 Charles A. DaCruz and Thomas J. Linda Disciplinary Decision
Jan 8, 2007 C9A040024 Charles C. Fawcett IV Disciplinary Decision
Feb 27, 2007 C9B050011 Charles J. Cuozzo, Jr. Disciplinary Decision
Apr 24, 2014 2011029760201 Charles Schwab & Company, Inc. Disciplinary Decision
Dec 3, 2003 C01010009 Chris Dinh Hartley Disciplinary Decision
May 20, 2016 SD-2027 APPEALED: Christopher Cota with Capital Financial Services, Inc. Statutory Disqualification, Denials
Nov 20, 1997 C07960065 Christopher K. Cutchens Disciplinary Decision
Aug 16, 2001 C05990026 Christopher M. Block & Jeffrey S. Burke Disciplinary Decision
Aug 9, 2004 C3B020013 Christopher R. Van Dyk Disciplinary Decision
Mar 12, 1998 C3A960040 Cindy M. Goldberg Disciplinary Decision
Sep 8, 2016 SD-2048 Citigroup Global Markets Inc. Statutory Disqualification
Jan 20, 1998 C06950004 Clinger & Co., Inc., & Norman E. Clinger Disciplinary Decision
Aug 11, 1997 C01960005 Clyde Joseph Bruff Disciplinary Decision
May 3, 2010 2006006890801 CMG Institutional Trading LLC and Shawn D. Baldwin Disciplinary Decision
Feb 20, 2008 E8A20050252 CMG Institutional Trading, LLC and Shawn D. Baldwin Disciplinary Decision
Oct 8, 2010 2008012026601 CMG Institutional Trading, LLC and Shawn D. Baldwin 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