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 Decisionsort ascending Proceeding No. Title Type
Jan 1, 2006 SD06011 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2006 SD06013 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2006 SD06015 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2006 SD06008 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, 2006 SD06014 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2006 SD06002 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
Jan 1, 2006 SD06012 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
Jan 1, 2006 SD06001 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2006 SD06003 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Dec 30, 2005 CAF030042 In the Matter of Department of Enforcement, Complainant vs. Respondent Disciplinary Decision, Redacted Decision
Dec 28, 2005 C02040016 Philippe N. Keyes Disciplinary Decision
Dec 12, 2005 C07040077 Dulce Maria Salaverria Disciplinary Decision
Dec 7, 2005 C11040006 Justin F. Ficken Disciplinary Decision
Dec 7, 2005 C10030088 Andrew P. Schneider Disciplinary Decision
Oct 27, 2005 C8A030099 Timothy J. Duma Disciplinary Decision
Oct 18, 2005 C8A030078 Scott E. Wiard & James D. Reisinger Disciplinary Decision
Oct 12, 2005 CMS030257 In the Matter of Department of Market Regulation, Complainant, vs. Respondent Disciplinary Decision, Redacted Decision
Oct 11, 2005 C8A030089 Joseph Rogala Disciplinary Decision
Oct 3, 2005 FPI040002 Ryan & Company, LP and Scott W. Ryan Disciplinary Decision
Sep 30, 2005 CMS040165 In the Matter of Department of Market Regulation, Complainant, vs.[Respondent Firm], et al. Attorney Disqualification Ruling
Sep 6, 2005 C01040001 Department of Enforcement, Complainant, vs. Respondent Firm and Respondent Disciplinary Decision, Redacted Decision
Aug 31, 2005 CMS020247 Terrance Yoshikawa Disciplinary Decision
Jun 17, 2005 CMS040165 In the Matter of Department of Market Regulation, Complainant, vs.[Respondent Firm], et al. Attorney Disqualification Ruling
Jun 14, 2005 CAF010011 J. Alexander Sec., Inc., Richard Newberg, James Alexander Disciplinary Decision

Pages