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
Apr 20, 2000 C10970141 Marlowe Robert Walker, III Disciplinary Decision
Apr 19, 2000 C07990016 James O. Baxter, Jr. Disciplinary Decision
Apr 18, 2000 C3A980069 Michael A. Usher Disciplinary Decision
Apr 14, 2000 CMS960174 Vincent M. Carrella Disciplinary Decision
Apr 10, 2000 C01990002 Bernard San Juan Rondez Disciplinary Decision
Apr 6, 2000 C07960105 Wayne B. Vaughan Disciplinary Decision
Feb 7, 2000 CMS950041 In the Matter of Market Regulation Committee, Complainant, vs. Respondent 1 and Respondent Firm 2 Disciplinary Decision, Redacted Decision
Jan 18, 2000 CMS960235 Morgan Stanley & Co., Inc., Thomas Anthony Crocamo, Carl DeFelice, Joseph Louis Ferrarese, Peter William Ferriso, Jr., Robert Scott Ranzman, Charles McMichael Simonds, & David Robert Slaine Disciplinary Decision
Jan 1, 2000 SD00001 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2000 SD00004 Proposed Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2000 SD00005 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2000 SD00006 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2000 SD00011 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2000 SD00012 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
Jan 1, 2000 SD00002 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
Jan 1, 2000 SD00003 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
Jan 1, 2000 SD00007 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
Jan 1, 2000 SD00010 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
Jan 1, 2000 SD00013 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
Dec 17, 1999 C02980051 Gordon Kerr Disciplinary Decision
Dec 14, 1999 C04990005 Bradford Lee Brinton Disciplinary Decision
Nov 12, 1999 C9A980021 Robert J. Kendzierski Disciplinary Decision
Nov 9, 1999 C9B960013 Steven D. Goodman Disciplinary Decision
Nov 4, 1999 C8A980054 Sylvester Cannon, Jr. Disciplinary Decision
Nov 3, 1999 C02980025 Roger Harry Chlowitz Disciplinary Decision

Pages