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 | |
|---|---|---|---|---|
| May 13, 2004 | C9A020052 | Guang Lu | Disciplinary Decision | |
| Feb 5, 1999 | C02960001 | Harold B. Gallison, Jr., Gregory K. Mehlmann, Robert C. Weaver, Gerald R. Budke, Christopher S. Knight, La Jolla Capital Corporation | Disciplinary Decision | |
| Mar 2, 2012 | 20060051788-01 | Harrison A. Hatzis | Disciplinary Decision | |
| Jul 26, 2010 | 2005000835801 | Harry Friedman | Disciplinary Decision | |
| Mar 30, 1999 | C02960039 | Harry Gliksman & William Gallagher | Disciplinary Decision | |
| Dec 18, 2012 | 2009018068701 | Harry W. Hunt | Disciplinary Decision | |
| Oct 6, 2008 | 2005001305701 | Harvest Capital Investments, LLC and Dennis Cotto | Disciplinary Decision | |
| May 1, 2012 | 2006004122402 | Hedge Fund Capital Partners, LLC and Howard G. Jahre | Disciplinary Decision | |
| Oct 22, 1998 | C8A970040 | Herbert L. Davis, Jr. | Disciplinary Decision | |
| Aug 10, 2006 | A8A050063 | Homeland Securities Financial Services Group, Inc. | Membership Decision | |
| May 13, 2011 | 2007011937001 | Howard Braff | Disciplinary Decision | |
| Jul 28, 2006 | C9B040069 | Howard Brett Berger | Disciplinary Decision | |
| Aug 16, 2000 | CAF980005 | Howard R. Perles & Laurence M. Geller | Disciplinary Decision | |
| Dec 17, 2013 | 2008016437801 | Hugh Vincent Murray III | Disciplinary Decision | |
| Sep 14, 1998 | C07960096 | Hunter International Securities, Inc., & Louis N. Nizza, Jr. | Disciplinary Decision | |
| Apr 6, 2009 | ELI2004026701 | Iftikhar Ul Haq | Disciplinary Decision | |
| Nov 20, 1997 | C10960116 | Ilana Abby Knapp | Disciplinary Decision | |
| Nov 24, 1997 | C07950030 | In the Matter of Complainant 1, vs. Respondent Firm 1, and Respondent 2 | Disciplinary Decision, Redacted Decision | |
| Jan 1, 2009 | n/a | In the Matter of Corporation K | OTCBB, Redacted Decision | |
| Mar 20, 2002 | CAF000029 | In the Matter of Department of Enforcement, Complainant v. Respondent 1 | Disciplinary Decision, Redacted Decision | |
| Jun 19, 2000 | C9A980032 | In the Matter of Department of Enforcement, Complainant v. Respondent 1 | Disciplinary Decision, Redacted Decision | |
| Nov 6, 2000 | C8A980059 | In the Matter of Department of Enforcement, Complainant v. Respondent 1 and Respondent 2 | Disciplinary Decision, Redacted Decision | |
| Feb 12, 2007 | C02050006 | In the Matter of Department of Enforcement, Complainant vs. Respondent | Disciplinary Decision, Redacted Decision | |
| Dec 30, 2005 | CAF030042 | In the Matter of Department of Enforcement, Complainant vs. Respondent | Disciplinary Decision, Redacted Decision | |
| May 13, 2003 | C07010037 | In the Matter of Department of Enforcement, Complainant vs. Respondent | Disciplinary Decision, Redacted Decision |