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 active 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 Decisionsort ascending Proceeding No. Title Type
Jul 28, 2015 2009016159102 Warren Forest Disciplinary Decision
Jul 27, 2015 2011027993301 Michael Earl McCune Disciplinary Decision
Jul 23, 2015 2009016317701 James E. Rooney, Jr. Disciplinary Decision
Jul 16, 2015 2012032997201 Stephen Grivas Disciplinary Decision
May 6, 2015 2009016317701 The Dratel Group, Inc. and William M. Dratel Disciplinary Decision
May 4, 2015 M00010006 Appealed:In the Matter of the New Membership Application Firm X Redacted Decision
Apr 30, 2015 SD-1960 Scott Mathis with DPEC, Inc. Statutory Disqualification, Approvals
Apr 29, 2015 2009017195204 Merrimac Corporate Securities, Inc. Disciplinary Decision
Apr 22, 2015 SD-1962 Candace J. Lee with Financial Services International Corp Statutory Disqualification, Approvals
Apr 16, 2015 2007011413501 Appealed:Brookstone Securities, Inc., Antony Lee Turbeville, Christopher Dean Kline and David William Locy Disciplinary Decision
Mar 16, 2015 2006006705601r John M.E. Saad Disciplinary Decision
Mar 9, 2015 2011025899601 David and Sian Harari Disciplinary Decision
Mar 3, 2015 20110269351 John Cherry, III Disciplinary Decision
Feb 27, 2015 2011028061001 Keilen Dimone Wiley Disciplinary Decision
Dec 29, 2014 2009019108901 Appealed:William Scholander and Talman Harris Disciplinary Decision, Redacted Decision
Dec 18, 2014 SD1904 J.P. Morgan Securities, LLC Statutory Disqualification, Approvals
Dec 11, 2014 SD-1997 Appealed:Ronald M. Berman Statutory Disqualification, Denials
Dec 11, 2014 20070094044 Appealed:Wedbush Securities, Inc. and Edward William Wedbush Disciplinary Decision
Dec 10, 2014 2011025957702 Gary Giblen Disciplinary Decision
Oct 8, 2014 2011030192201 Alfred P. Reeves, III Disciplinary Decision
Oct 8, 2014 SD-1757, SD-1758, & SD-1896 UBS Financial Services, Inc., and UBS Securities, LLC Statutory Disqualification, Approvals
Oct 3, 2014 2009016034101 Anthony A. Grey Disciplinary Decision
Oct 2, 2014 SD-1798 NAC Statutory Disqualification Decision SD-1798 Statutory Disqualification, Approvals
Oct 2, 2014 20130379350 Bering Strait Securities, Inc. Membership Decision
Sep 29, 2014 M00010005 In the Matter of the Membership Continuance Application of The Firm Redacted Decision

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