Office of Hearing Officers

The Office of Hearing Officers is an office of impartial adjudicators of disciplinary cases brought by FINRA's Enforcement Department or Market Regulation Department 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.sort descending
Jul 25, 2016 FR160001 Merriman Capital Inc. Expedited Decision FR160001
Aug 11, 2010 E9B2003033701 Hearing Panel Decision in Department of Enforcement v. Respondent Redacted Decision E9B2003033701
Oct 2, 2015 2013036799501 APPEALED: Michael Casas Disciplinary Decision 2013036799501
Feb 1, 1999 ARB980019 Non-Summary Suspension Proceeding ARB980019 Expedited Decision, Non-Summary Proceeding ARB980019
Aug 25, 2017 ARB170007 Timothy S. Fannin Expedited Decision ARB170007
Oct 7, 2013 20080150419 Extended Hearing Panel Decision in Department of Market Regulation v. Respondent Redacted Decision 20080150419
Jun 13, 2014 2010025350001 Hearing Panel Decision in Department of Enforcement v. Roric E. Griffith Disciplinary Decision 2010025350001
Jul 6, 2001 C9B000013 Hearing Panel Decision as to Respondent Redacted Decision C9B000013
Mar 3, 2017 2014039285401 APPEALED: Southeast, N.C., Inc. and Frank Harmon Black Disciplinary Decision 2014039285401
Feb 29, 2016 2012034936005 APPEALED: David Joseph Escarcega Disciplinary Decision 2012034936005
Mar 31, 2015 2011027666902 APPEALED: Merrimac Corporate Securities, Inc. and Robert Nash Disciplinary Decision 2011027666902
Apr 12, 1999 C10980054 Hearing Panel Decision Redacted Decision C10980054
Mar 23, 2004 CAF030014 In the Matter of Department of Enforcement, Complainant vs. Respondent Disciplinary Decision CAF030014
Aug 4, 2016 FPI160002 Robert DePalo Expedited Decision FPI160002
Oct 2, 2015 2011025679201 MSC – BD, LLC and Paul J. McIntyre Disciplinary Decision 2011025679201
Nov 8, 2017 2014041985401 APPEALED: James Larkin Powers Disciplinary Decision 2014041985401
Aug 11, 2014 2009019042402 Extended Hearing Panel Decision in Department of Enforcement v. James E. Rooney, Jr. Disciplinary Decision 2009019042402
Mar 16, 2017 ARB160047 J. Thaddeus McGaffey Expedited Decision ARB160047
Mar 24, 2002 FPI010004 Hearing Panel Decision in Department of Enforcement v. Toni Valentino Expedited Decision, Rule 9540 Suspension Decisions FPI010004
Mar 9, 2015 2012030724101 APPEALED: Fox Financial Management Corporation, Brian A. Murphy, and James E. Rooney, Jr. Disciplinary Decision 2012030724101
Mar 14, 1999 CAF980086 Hearing Panel Decision Redacted Decision CAF980086
Oct 5, 2016 FPI160009 Donald Shelby Toomer Expedited Decision FPI160009
Oct 29, 2015 2011025444501 APPEALED: Wood (Arthur W.) Company Disciplinary Decision 2011025444501
Dec 15, 1998 ARB980006 Non-Summary Suspension Proceeding ARB980006 Expedited Decision, Non-Summary Proceeding ARB980006
Jul 8, 2014 2009020465801 Hearing Panel Decision in Department of Enforcement v. Keith D. Geary Disciplinary Decision 2009020465801

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