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
Feb 12, 2007 C02050006 In the Matter of Department of Enforcement, Complainant vs. Respondent Disciplinary Decision, Redacted Decision
Feb 12, 2007 C06040027 Sterling Scott Lee and Dennis Todd Lloyd Gordon Disciplinary Decision
Jan 23, 2007 C3A040023 John M. Meyers and Brian C. Klein Disciplinary Decision
Jan 17, 2007 C10040025 John Brigandi Disciplinary Decision
Jan 8, 2007 C9A040024 Charles C. Fawcett IV Disciplinary Decision
Jan 3, 2007 C3A040001 Charles A. DaCruz and Thomas J. Linda Disciplinary Decision
Jan 1, 2007 SD07004 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2007 SD07001 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2007 SD07002 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2007 SD07003 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Dec 29, 2006 C01040025 Jimmie Lee Griffith Disciplinary Decision
Dec 18, 2006 C8A040079 Gregory R. Masceri Disciplinary Decision
Dec 18, 2006 C9B040080 Morton Bruce Erenstein Disciplinary Decision
Aug 28, 2006 C05030036 Sisung Securities Corporation Disciplinary Decision
Aug 17, 2006 C9B040059 Perpetual Securities, Inc., Cathy Y. Huang, and Youwei P. Xu Disciplinary Decision
Aug 10, 2006 A8A050063 Homeland Securities Financial Services Group, Inc. Membership Decision
Aug 8, 2006 C9B040020 In the Matter of Department of Enforcement, Complainant vs. Respondent Disciplinary Decision, Redacted Decision
Aug 7, 2006 CMS040069 Nicholas R. Sciascia Disciplinary Decision
Aug 4, 2006 CMS030182 Richard F. Kresge Disciplinary Decision
Aug 3, 2006 C9B040033 Robert M. Ryerson Disciplinary Decision
Jul 28, 2006 CAF030067 Asensio Brokerage Services, Inc. n/k/a Integral Securities, Inc., and Manuel Peter Asensio Disciplinary Decision
Jul 28, 2006 C9B040069 Howard Brett Berger Disciplinary Decision
May 19, 2006 C01040019 Beerbaum & Beerbaum Financial and Insurance Services, Inc., and Hans N. Beerbaum Disciplinary Decision
Mar 9, 2006 CAF020048 Vincent M. Uberti Disciplinary Decision
Mar 2, 2006 C9B020032 Rooney A. Sahai Disciplinary Decision

Pages