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 9, 2016 SD-2069 APPEALED: Bruce Meyers with Meyers Associates, L.P. Statutory Disqualification, Denials
Jan 7, 1998 C8A960029 Bruce L. Pecaro Disciplinary Decision
Apr 16, 2015 2007011413501 APPEALED: Brookstone Securities, Inc., Antony Lee Turbeville, Christopher Dean Kline and David William Locy Disciplinary Decision
Aug 16, 2004 C01020025 Brookes McIntosh Bendetsen Disciplinary Decision
Aug 9, 2004 C01020025 Brookes McIntosh Bendetsen Disciplinary Decision
Jul 8, 1999 C3A960033 Brian Prendergast Disciplinary Decision
Nov 20, 1997 C9A960030 Brian L. Shegon Disciplinary Decision
Dec 16, 2008 E9A2004048801 Brian J. Kelly Disciplinary Decision
Jan 13, 1999 C9B960032 Brian D. Angiuli Disciplinary Decision
Aug 11, 2003 FPI020002 Bret Steinhart Disciplinary Decision
Sep 29, 2015 SD-2029 Bret M. Shapiro with Dawson James Securities, Inc. Statutory Disqualification, Denials
Dec 14, 1999 C04990005 Bradford Lee Brinton Disciplinary Decision
Dec 15, 2003 C8A020014 Brad A. Roethlisberger Disciplinary Decision
Jul 18, 2014 2009019837302 APPEALED: Blair C. Mielke and Frederick W. Shultz Disciplinary Decision
Feb 20, 2014 2009018076101 Blair Alexander West Disciplinary Decision
Apr 10, 2000 C01990002 Bernard San Juan Rondez Disciplinary Decision
Jul 18, 2016 2012034389202 APPEALED: Bernard G. McGee Disciplinary Decision
Oct 2, 2014 20130379350 APPEALED: Bering Strait Securities, Inc. Membership Decision
May 19, 2006 C01040019 Beerbaum & Beerbaum Financial and Insurance Services, Inc., and Hans N. Beerbaum Disciplinary Decision
Nov 17, 2000 C10990024 Averell Golub Disciplinary Decision
May 15, 2019 2016052347901 Austin Wayne Morton Disciplinary Decision
Sep 19, 1997 C3A940064 Aspen Capital Group, Inc., & Stephen Carlson Disciplinary Decision
Nov 5, 1997 C01950010 Ashton N. Gowadia Disciplinary Decision
Jul 28, 2006 CAF030067 Asensio Brokerage Services, Inc. n/k/a Integral Securities, Inc., and Manuel Peter Asensio Disciplinary Decision
Aug 7, 2008 CMS040165 Ara Proudian Disciplinary Decision