Office of Hearing Officers

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.sort descending Title Type Order No.
Nov 9, 2006 2005000316701 Order Denying Respondents' Request That the Deputy Chief Hearing Officer Not Exercise Authority Pursuant to Rule 9235(b) Disciplinary Order 06-54
Nov 26, 2007 2005000323905 Order Denying Motion (1) to Reassign, (2) for Additional Information Regarding Panelists, (3) to Permit Discovery and (4) for a Delay in the Hearing Disciplinary Order 07-39
Aug 9, 2007 2005000323905 Order Regarding Respondent 2's Motions for Official Notice Disciplinary Order 07-35
May 29, 2008 2005000323905 Hearing Panel Decision in Department of Market Regulation v. Stephen Ira Golden and Richard F. Kresge Disciplinary Decision
Jul 2, 2007 2005000323905 Order Denying Respondent 1's Motion for a More Definite Statement Disciplinary Order 07-28
Jun 2, 2009 2005000324301 Hearing Panel Decision in Department of Market Regulation v. Jerry William Burch Disciplinary Decision
Mar 27, 2007 2005000440701 Order Regarding Pre-Hearing Motions Disciplinary Order 07-12
Sep 12, 2006 2005000631501 Hearing Panel Decision in Department of Enforcement vs. Bryan L. Claggett Disciplinary Decision
Apr 4, 2012 20050007427 Extended Hearing Panel Decision in Department of Enforcement v. David Lerner Associates, Inc. and William Mason Disciplinary Decision
Dec 6, 2010 20050007427 Respondent Firm and Respondent 2 Disciplinary Order 10-07
May 8, 2009 2005000835801 Hearing Panel Decision in Department of Enforcement v. Harry Friedman and Joseph Schnaier Disciplinary Decision
May 12, 2009 2005000879302 Amended Extended Hearing Panel Decision in Department of Enforcement v. Legacy Trading Co., LLC and Mark Uselton Disciplinary Decision
Jul 2, 2007 2005000960801 Hearing Panel Decision in Department of Enforcement v. Mangri Mohini Harlal Disciplinary Decision
Jan 10, 2008 2005001085001 Hearing Panel Decision in Department of Enforcement v. Warren K. Hansen Disciplinary Decision
Feb 20, 2007 2005001305701 Order Denying Respondents' Three Discovery Motions Disciplinary Order 07-06
Feb 28, 2007 2005001305701 Order Setting Philadelphia, Pa as Venue for Disciplinary Proceeding Disciplinary Order 07-08
Sep 27, 2007 2005001305701 Hearing Panel Decision in Department of Enforcement v. Harvest Capital Investments, LLC and Dennis Cotto Disciplinary Decision
Feb 5, 2007 2005001305701 Order Denying the Respondents' Motion for a More Definite Statement Disciplinary Order 07-02
May 11, 2007 2005001449202 Interim Scheduling and Case Management Order Disciplinary Order 07-18
Sep 22, 2009 2005001502703 Hearing Panel Decision in Department of Enforcement v. Ronald E. Hardy, Jr. Disciplinary Decision
Feb 28, 2007 2005001514501 Hearing Panel Decision in Department of Enforcement v. Respondent Redacted Decision
Aug 15, 2008 2005001729501 Hearing Panel Decision in Department of Enforcement v. Gerald J. Kesner Disciplinary Decision
Jun 12, 2008 2005001798201 Order Denying Respondent's Motion for Summary Disposition Disciplinary Order 08-10
Dec 28, 2006 2005001819101 Order Granting Complainant's Motion to Strike in Part the Introduction to Respondent's Answer Disciplinary Order 06-57
Aug 14, 2007 2005001819101 Hearing Panel Decision in Department of Enforcement v. Domestic Securities, Inc. Disciplinary Decision

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