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 ascending Type
Jul 20, 2018 2014041724601 Scottsdale Capital Advisors Corporation, John Joseph Hurry, Timothy Brian DiBlasi, and Darrel Michael Cruz Disciplinary Decision
Apr 30, 2015 SD-1960 Scott Mathis with DPEC, Inc. Statutory Disqualification, Approvals
Dec 12, 2008 C10040052 Scott Mathis Disciplinary Decision
Dec 20, 2007 C9B040098 Scott Epstein Disciplinary Decision
Oct 18, 2005 C8A030078 Scott E. Wiard & James D. Reisinger Disciplinary Decision
Mar 23, 2017 SD-2138 Sandra M. Logay with Mid Atlantic Capital Corporation Statutory Disqualification, Approvals
Jun 22, 2001 CAF990018 Ryan Mark Reynolds Disciplinary Decision
Feb 24, 2012 2007011489301 Ryan A. Leopold Disciplinary Decision
Oct 3, 2005 FPI040002 Ryan & Company, LP and Scott W. Ryan Disciplinary Decision
Aug 13, 2008 E8A2003091501 Roy M. Strong Disciplinary Decision
Dec 22, 2015 2010025350001 Roric E. Griffith Disciplinary Decision
Mar 2, 2006 C9B020032 Rooney A. Sahai Disciplinary Decision
Aug 12, 2004 C9B020032 Rooney A. Sahai Disciplinary Decision
Jan 4, 2008 C3B050012 Ronald Pellegrino Disciplinary Decision
Dec 11, 2014 SD-1997 Ronald M. Berman Statutory Disqualification, Denials
Feb 25, 2014 2011025643201 Ronald E. Walblay Disciplinary Decision
Nov 29, 2018 SD-2095 Ronald B. Smith Statutory Disqualification, Approvals
Nov 3, 1999 C02980025 Roger Harry Chlowitz Disciplinary Decision
Mar 27, 2002 C8A000059 Roger A. Hanson Disciplinary Decision
Mar 30, 1999 C01970021 Robin Bruce McNabb Disciplinary Decision
Jan 23, 2001 C02990042,C02980085 Robert Tretiak Disciplinary Decision
Jul 25, 2013 20060053785-02 Robert N. Drake Disciplinary Decision
Dec 26, 2013 20070082049 Robert Marcus Lane and Jeffrey G. Lane Disciplinary Decision
Aug 3, 2006 C9B040033 Robert M. Ryerson Disciplinary Decision
Jan 22, 1998 C07960091 Robert L. Wallace Disciplinary Decision

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