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
Nov 12, 1999 C9A980021 Robert J. Kendzierski Disciplinary Decision
Jul 27, 2017 SD-2130 APPEALED: Robert J. Escobio Statutory Disqualification, Denials
Dec 31, 2013 2009018771602 Robert H. Watkins Disciplinary Decision
Nov 13, 2000 C10970176 Robert Fitzpatrick Disciplinary Decision
Jun 14, 1999 C10970176 Robert Fitzpatrick Disciplinary Decision
Oct 3, 2016 2012032519101 Robert Earl Holaday Disciplinary Decision
Feb 23, 2007 C04050005 Robert E. Strong Disciplinary Decision
Dec 31, 2013 2009016764901 Robert Durant Tucker Disciplinary Decision
Oct 4, 2011 2007009981201 Robert D. Tucker Disciplinary Decision
Oct 26, 2010 E102003025201 Robert Conway and Kakit Ng Disciplinary Decision
Jul 1, 1998 C07970051 Richard Timothy Greene Disciplinary Decision
Jun 28, 2000 CAF970011 Richard Steven Levitov & Ralph Joseph Angeline Disciplinary Decision
Oct 31, 1999 CAF980025 Richard Stephen Levitov & Ralph Joseph Angeline Disciplinary Decision
Mar 28, 2018 2011030293503 Richard Gomez Disciplinary Decision
May 10, 2010 2005003188901 Richard G. Cody Disciplinary Decision
Oct 9, 2008 CMS030182 Richard F. Kresge Disciplinary Decision
Aug 4, 2006 CMS030182 Richard F. Kresge Disciplinary Decision
Oct 5, 2017 2013038986001 APPEALED: Richard Allen Riemer, Jr. Disciplinary Decision
Jan 7, 2011 2007009082902 Richard A. Neaton Disciplinary Decision
Dec 17, 2015 20110273503 Richard A. McGuire Disciplinary Decision
Apr 19, 2001 C8A990071 Respondent Firm 1, Respondent 2 & Respondent 3 Disciplinary Decision, Redacted Decision
Jul 21, 2011 200801201960 Rebecca Amy Reichman Disciplinary Decision
Jun 17, 2016 SD-2026 RBS Securities, Inc. Statutory Disqualification
Jan 31, 2014 SD-1794 RBC Capital Markets, LLC Statutory Disqualification
Oct 5, 2015 2009017899801 APPEALED: Rani T. Jarkas Disciplinary Decision