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 | |
|---|---|---|---|---|
| Apr 14, 2000 | CMS960174 | Vincent M. Carrella | Disciplinary Decision | |
| Apr 18, 2000 | C3A980069 | Michael A. Usher | Disciplinary Decision | |
| Apr 19, 2000 | C07990016 | James O. Baxter, Jr. | Disciplinary Decision | |
| Apr 20, 2000 | C10970141 | Marlowe Robert Walker, III | Disciplinary Decision | |
| Jun 1, 2000 | CMS970027 | Jerome E. Rosen | Disciplinary Decision | |
| Jun 2, 2000 | CAF980029 | Aleksandr Shvarts | Disciplinary Decision | |
| Jun 19, 2000 | C9A980032 | In the Matter of Department of Enforcement, Complainant v. Respondent 1 | Disciplinary Decision, Redacted Decision | |
| Jun 28, 2000 | CAF970011 | Richard Steven Levitov & Ralph Joseph Angeline | Disciplinary Decision | |
| Aug 16, 2000 | CAF980005 | Howard R. Perles & Laurence M. Geller | Disciplinary Decision | |
| Sep 1, 2000 | C8A990017 | David L. Foran | Disciplinary Decision | |
| Oct 16, 2000 | C05940077 | John P. Goldsworthy | Disciplinary Decision | |
| Nov 6, 2000 | C8A980059 | In the Matter of Department of Enforcement, Complainant v. Respondent 1 and Respondent 2 | Disciplinary Decision, Redacted Decision | |
| Nov 13, 2000 | C10970176 | Robert Fitzpatrick | Disciplinary Decision | |
| Nov 16, 2000 | C11970032 | Daniel Richard Howard | Disciplinary Decision | |
| Nov 16, 2000 | C3A990050 | Jim Newcomb | Disciplinary Decision | |
| Nov 17, 2000 | C10990024 | Averell Golub | Disciplinary Decision | |
| Dec 18, 2000 | C10990014 | Stephen Earl Prout | Disciplinary Decision | |
| Jan 1, 2001 | SD01013 | In the Matter of the Association of X | Redacted Decision, Statutory Disqualification, Approvals | |
| Jan 1, 2001 | SD010004 | In the Matter of the Association of X | Redacted Decision, Statutory Disqualification, Denials | |
| Jan 1, 2001 | SD01019 | In the Matter of the Association of X | Redacted Decision, Statutory Disqualification, Approvals | |
| Jan 1, 2001 | SD01024 | In the Matter of the Continued Association of X | Redacted Decision, Statutory Disqualification, Approvals | |
| Jan 1, 2001 | SD01025 | In the Matter of the Association of X | Redacted Decision, Statutory Disqualification, Approvals | |
| Jan 1, 2001 | SD01017 | In the Matter of the Continued Association of X | Redacted Decision, Statutory Disqualification, Approvals | |
| Jan 1, 2001 | SD01023 | In the Matter of the Continued Association of X | Redacted Decision, Statutory Disqualification, Approvals | |
| Jan 1, 2001 | SD01001 | In the Matter of the Continued Association of X | Redacted Decision, Statutory Disqualification, Denials |