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.
Dec 18, 2009 2006006046401 Hearing Panel Decision in Department of Enforcement v. James Richard Willard, III Disciplinary Decision
Dec 15, 2008 2006006192901 Hearing Panel Decision in Department of Enforcement v. Denis William Kraemer, Jr. Disciplinary Decision
Oct 28, 2010 2006006259501 Hearing Panel Decision in Department of Enforcement v. Respondent Redacted Decision
Nov 24, 2009 2006006259501 Order Denying Respondent's Motion to Compel Production of List of Withheld Documents Disciplinary Order 09-04
Aug 19, 2008 2006006705601 Hearing Panel Decision in Department of Enforcement v. John M. E. Saad Disciplinary Decision
Oct 14, 2008 2006006890801 Hearing Panel Decision in Department of Enforcement v. CMG Institutional Trading, LLC and Shawn Baldwin Disciplinary Decision
Aug 20, 2008 2006007101701 Hearing Panel Decision in Department of Enforcement v. Flavio G. Varone Disciplinary Decision
Feb 8, 2011 2006007105101 Order Denying Respondent’s Motion for Summary Disposition Disciplinary Order 11-02
Dec 3, 2009 2006007544401 Hearing Panel Decision in Department of Enforcement v. M. Paul De Vietien Disciplinary Decision
Dec 8, 2010 2007007151101 Hearing Decision in Department of Enforcement v. Merrimac Corporate Securities, Inc. Disciplinary Decision
Sep 1, 2011 20070072538-03 Amended Extended Hearing Panel Decision in Department of Enforcement v. Max International Broker-Dealer, Corp. Disciplinary Decision
Nov 11, 2009 2007007255603 Order Following Final Pre-Hearing Conference and Granting, in Part, Enforcement's Motion to Preclude Testimony and Exhibits Disciplinary Order 09-03
Mar 18, 2010 2007007377801 Hearing Panel Decision in Department of Enforcement v. Noble B. Trenham Disciplinary Decision
May 15, 2009 2007007682501 Hearing Panel Decision in Department of Enforcement v. Jereis Khawaja Disciplinary Decision
Jun 20, 2008 20070077587 Hearing Panel Decision in Department of Enforcement v. Matthew S. Kaplan Disciplinary Decision
Oct 31, 2007 20070077587 Order Resolving Certain Pre-Hearing Motions Disciplinary Order 07-38
Feb 29, 2008 20070077587 Rulings on Pre-Hearing Motions and Notice of Hearing Disciplinary Order 08-03
Jun 11, 2010 2007007792902 Extended Hearing Panel Decision in Department of Enforcement v. Edward S. Brokaw Disciplinary Decision
May 4, 2010 2007007989901 Hearing Panel Decision in Department of Enforcement v. Respondent Redacted Decision
Apr 21, 2009 2007008128901 Hearing Panel Decision in Department of Francis M. Evans Disciplinary Decision
Jul 2, 2012 20070082049 Hearing Panel Decision in Department of Market Regulation v. Robert Marcus Lane and Jeffrey Griffin Lane Disciplinary Decision
Apr 25, 2011 2007008239001 CALLED FOR REVIEW: Hearing Panel Decision in Department of Enforcement v. ACAP Financial, Inc. and Gary Hume Disciplinary Decision
Oct 15, 2009 2007008358101 Hearing Panel Decision in Department of Enforcement v. Vincent P. McCrudden Disciplinary Decision
May 8, 2009 2007008370701 Hearing Panel Decision in Department of Enforcement v. Scott R. Tischler Disciplinary Decision
Dec 6, 2007 20070086505-01 Order to Show Cause Disciplinary Order 07-40

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