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 actively 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 Decision Proceeding No. Titlesort descending Type
Jan 1, 2001 SD01014 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2009 SD09007 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
Jan 1, 2008 SD08002 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 1997 SD97004 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 1999 SD99002 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2005 SD05001 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2010 SD10002 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Oct 14, 2003 SD03001 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2006 SD06012 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
Jan 1, 1999 SD99013 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
Jan 1, 2005 SD05009 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2011 SD11008 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 1999 SD99008 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2000 SD00012 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2006 SD06009 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2006 SD06007 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 1998 SD98006 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2004 SD04015 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 1999 SD99017 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2009 SD09004 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2009 SD09002 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
Jan 2, 2012 SD12010 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 1998 SD98009 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
Jan 1, 1999 SD99001 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2005 SD05008 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials

Pages