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 13, 2017 2013036799501 J. Michael Casas Disciplinary Decision
Jan 13, 2017 2011026346206 Jaoshiang Luo Disciplinary Decision
Jan 10, 2017 2012033362101 Thomas Edmund Connors Disciplinary Decision
Jan 6, 2017 2012030724101 Fox Financial Management Corporation, Brian A. Murphy, James E. Rooney, Jr. Disciplinary Decision
Jan 4, 2017 2014041319201 Miguel Ortiz Disciplinary Decision
Oct 11, 2016 2009020941801 APPEALED: Lek Securities Corporation Disciplinary Decision
Oct 3, 2016 2012032519101 Robert Earl Holaday Disciplinary Decision
Sep 14, 2016 SD-2104 SD-2104 Edwin Kantor with S2K Financial LLC Statutory Disqualification, Approvals
Sep 8, 2016 SD-2048 Citigroup Global Markets Inc. Statutory Disqualification
Aug 23, 2016 2011025675501 APPEALED: Kimberly Springsteen-Abbott Disciplinary Decision
Aug 3, 2016 2011025851501 APPEALED: KCD Financial, Inc. Disciplinary Decision
Jul 21, 2016 2010022601501 Jack Brian Weinstock Disciplinary Decision
Jul 20, 2016 SD-2044 Xavier Capdepon Statutory Disqualification, Denials
Jul 20, 2016 2009020465801 APPEALED: Keith D. Geary Disciplinary Decision
Jul 19, 2016 2011028502101 North Woodward Financial Corp. and Douglas A. Troszak Disciplinary Decision
Jul 18, 2016 2012034389202 APPEALED: Bernard G. McGee Disciplinary Decision
Jul 18, 2016 2012033351801 Paolo Franca Iida Disciplinary Decision
Jul 15, 2016 SD-2096 Louis A. Woolf with Voya Financial Advisors, Inc. Statutory Disqualification, Approvals
Jun 17, 2016 SD-2026 RBS Securities, Inc. Statutory Disqualification
Jun 8, 2016 SD-2088 James D. Goodland with Spire Securities LLC Statutory Disqualification, Approvals
May 20, 2016 SD-2027 APPEALED: Christopher Cota with Capital Financial Services, Inc. Statutory Disqualification, Denials
May 16, 2016 2010022977801 APPEALED: David B. Tysk Disciplinary Decision
May 9, 2016 SD-2069 APPEALED: Bruce Meyers with Meyers Associates, L.P. Statutory Disqualification, Denials
Apr 6, 2016 SD-2010 Michael C. Furman with Citigroup Global Markets, Inc. Statutory Disqualification, Approvals
Mar 7, 2016 2008011762801r APPEALED: Mitchell H. Fillet Disciplinary Decision

Pages