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. |
Title |
Type | |
|---|---|---|---|---|
| Aug 11, 1997 | C01960005 | Clyde Joseph Bruff | Disciplinary Decision | |
| May 3, 2010 | 2006006890801 | CMG Institutional Trading LLC and Shawn D. Baldwin | Disciplinary Decision | |
| Feb 20, 2008 | E8A20050252 | CMG Institutional Trading, LLC and Shawn D. Baldwin | Disciplinary Decision | |
| Oct 8, 2010 | 2008012026601 | CMG Institutional Trading, LLC and Shawn D. Baldwin | Disciplinary Decision | |
| Mar 8, 2017 | SD-2117 | Craig Scott Taddonio as a General Securities Representative with Meyers Associates, L.P. (n/k/a Windsor Street Capital, LP) | Statutory Disqualification | |
| Mar 20, 2002 | C10000026 | Damien R. Douglas | Disciplinary Decision | |
| May 24, 2007 | C02040032 | Dana N. Frankfort | Disciplinary Decision | |
| May 7, 2003 | CAF010009 | Dane S. Faber | Disciplinary Decision | |
| Apr 26, 2001 | C9A990007 | Daniel D. Manoff | Disciplinary Decision | |
| Dec 12, 2012 | 2008011701203 | Daniel James Gallagher | Disciplinary Decision | |
| Nov 16, 2000 | C11970032 | Daniel Richard Howard | Disciplinary Decision | |
| Jun 15, 1999 | C3A970031 | Daniel S. Hellen | Disciplinary Decision | |
| Jul 25, 2007 | C8A050055 | Daniel W. Bukovcik | Disciplinary Decision | |
| Nov 18, 1998 | C01960020 | Daniel Wright Sisson | Disciplinary Decision | |
| Dec 17, 2010 | 2007009848801 | Dante J. DiFrancesco | Disciplinary Decision | |
| Nov 20, 1997 | C07960110 | Darren L. Klemp | Disciplinary Decision | |
| Dec 1, 1997 | C10960019 | David A. Blech | Disciplinary Decision | |
| Mar 16, 2017 | 2013035211801 | APPEALED: David Adam Elgart | Disciplinary Decision | |
| Mar 9, 2015 | 2011025899601 | David and Sian Harari | Disciplinary Decision | |
| May 16, 2016 | 2010022977801 | APPEALED: David B. Tysk | Disciplinary Decision | |
| Jul 20, 2017 | 2012034936005 | David Joseph Escarcega | Disciplinary Decision | |
| Jun 3, 2014 | 2010023724601 | David Kristian Evansen | Disciplinary Decision | |
| Sep 1, 2000 | C8A990017 | David L. Foran | Disciplinary Decision | |
| Apr 5, 2018 | David P. Brown | Statutory Disqualification, Approvals | ||
| Sep 7, 2004 | C3B020015 | Davrey Financial Services, Inc. | Disciplinary Decision |