Office of Hearing Officers’ Decisions and Orders
The Office of Hearing Officers is an office of impartial adjudicators of disciplinary cases brought by FINRA’s Department of Enforcement against FINRA members.
The Office of Hearing Officers maintains strict independence from FINRA's regulatory programs and is physically separated from other FINRA departments.
Hearing officers are not involved in the investigative process. Employment protections exist for hearing officers to further ensure their independence; they may not be terminated except by the FINRA Chief Executive Officer, with a right to appeal to the Audit Committee of FINRA's Board of Governors.
View: Orders and Decisions Chronologically | Orders by Topic | Orders by Rule
| Date of Decision | Proceeding No. | Title | Type | Order No. |
|---|---|---|---|---|
| August 17, 2020 | 2018057755201 | Order Granting Respondent’s Rule 9252 Motion | Disciplinary Order | 20-11 |
| August 17, 2020 | FPI200001 | Roderick Kenneth Day | Expedited Decision | |
| August 14, 2020 | 2018058924502 | Order Granting in Part and Denying in Part Enforcement’s Motion to Strike Affirmative Defenses and Request for Relief | Disciplinary Order | 20-16 |
| August 12, 2020 | 2019063790901 | Order Denying Respondent’s Motion for Return of His Computer, Motion in Limine to Preclude/Place Conditions on Testimony of Customer, and Discovery Motion | Disciplinary Order | 20-15 |
| August 05, 2020 | 2017055164001 | Order Denying Respondent’s Motions In Limine | Disciplinary Order | 20-10 |
| July 31, 2020 | 2018058924502 | Order Denying Motion for Summary Disposition | Disciplinary Order | 20-14 |
| July 24, 2020 | 2019062092401 | Steven Harris | Disciplinary Decision - Default | |
| July 15, 2020 | ARB200024 | Order Granting Department of Enforcement’s Motion To Strike Respondent’s Defense And Request for Hearing | Expedited Order | EXP20-01 |
| July 02, 2020 | 2016048837401 | Order Granting In Part And Denying In Part Respondent’s Motion In Limine Regarding Expert Testimony | Disciplinary Order | 20-09 |
| July 01, 2020 | 2018058286901 | APPEALED: Wilfredo Felix and Primex Prime Electronic Execution, Inc. d/b/a Primex | Disciplinary Decision | |
| June 30, 2020 | ARB200006 | Daniel Paul Motherway | Expedited Decision | |
| June 18, 2020 | 2014041541401 | Order Requiring Certification of Compliance With FINRA Rule 9910 | Disciplinary Order | 20-08 |
| June 05, 2020 | 2016052104101 | APPEALED: Devin Lamarr Wicker | Disciplinary Decision | |
| June 01, 2020 | 2017055164001 | Order Denying Respondent’s Motion For Production Of Witness Statements Under Rule 9253 | Disciplinary Order | 20-07 |
| May 28, 2020 | 2019064884501 | Gustavo T. Franco | Disciplinary Decision - Default | |
| May 27, 2020 | 2017053462401 | Order Denying Respondent’s Motion To Amend Answer | Disciplinary Order | 20-06 |
| May 27, 2020 | 2017053843901 | Michael Patrick Murphy | Disciplinary Decision | |
| May 21, 2020 | 2016048393501 | Shopoff Securities, Inc., William A Shopoff, and Stephen R. Shopoff | Disciplinary Decision | |
| May 15, 2020 | 2017054405401 | APPEALED: William Joseph Kielczewski | Disciplinary Decision | |
| May 01, 2020 | 2018059510201 | APPEALED: Thomas Lykos | Disciplinary Decision | |
| April 16, 2020 | ARB190040 | Stephen Paul Seglund | Expedited Decision | |
| April 09, 2020 | 2018060216701 | Bryce P. Jenney | Disciplinary Decision - Default | |
| March 26, 2020 | 2015045257501 | Order On Motion For Summary Disposition Of Affirmative Defenses | Disciplinary Order | 20-05 |
| March 06, 2020 | 2015047244701 | Order Denying Respondent Shea’s Motion To Sever | Disciplinary Order | 20-04 |
| March 06, 2020 | 2019061947501 | Erik P. Pica | Disciplinary Decision - Default |