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
Oct 22, 1998 C9A960029 In the Matter of District Business Conduct Committee For District No. 9, Complainant, vs. Respondent 1 Disciplinary Decision, Redacted Decision
Oct 15, 1998 C07970006 Joseph G. Chiulli Disciplinary Decision
Oct 14, 1998 CMS920005 John Roger Faherty & Nianne A. Norris Disciplinary Decision
Oct 13, 1998 C8A960052 In the Matter of District Business Conduct Committee For District No. 8, Complainant, vs. Respondent 1 and Respondent 2 Disciplinary Decision, Redacted Decision
Sep 18, 1998 C05960074 In the Matter of District Business Conduct Committee For District No. 5 Complainant, vs. Respondent Disciplinary Decision, Redacted Decision
Sep 14, 1998 C07960096 Hunter International Securities, Inc., & Louis N. Nizza, Jr. Disciplinary Decision
Sep 11, 1998 C10970029 John M. Columbia Disciplinary Decision
Aug 25, 1998 C07960069 Steven A. Kirschbaum Disciplinary Decision
Aug 17, 1998 C07970022 Allen R. Prewitt Disciplinary Decision
Jul 29, 1998 C10960162 Douglas John Mangan Disciplinary Decision
Jul 28, 1998 C02970027 Nancy H. Martin Disciplinary Decision
Jul 24, 1998 C07970045 Ted D. Wells Disciplinary Decision
Jul 22, 1998 C8B960042 John A. Chepak Disciplinary Decision
Jul 22, 1998 C8B960042 In the Matter of District Business Conduct Committee For District No. 8, Complainant, vs. Respondent 1 Disciplinary Decision, Redacted Decision
Jul 13, 1998 CMS920091 Michael J. Markowski & Joseph F. Riccio Disciplinary Decision
Jul 9, 1998 C01970012 In the Matter of District Business Conduct Committee for District No. 1, Complainant, vs. Respondent Firm 1 and Respondent 2 Disciplinary Decision, Redacted Decision
Jul 9, 1998 C01970012 Monterey Bay Securities, Inc., & Kenneth Mark Doolittle Disciplinary Decision
Jul 8, 1998 C10970007 Lawrence P. Bruno, Jr. Disciplinary Decision
Jul 2, 1998 C07950058 In the Matter of District Business Conduct Committee For District No. 7 Complainant, vs. Respondent Firm 1 and Respondent 2 Disciplinary Decision, Redacted Decision
Jul 2, 1998 C07950058 International Trading Group, Inc., & Daniel E. Carter Disciplinary Decision
Jul 2, 1998 C01970017 Glen McKinley Richars, III Disciplinary Decision
Jul 2, 1998 C01970012 Monterey Bay Securities, Inc., & Kenneth Mark Doolittle Disciplinary Decision
Jul 1, 1998 C07970051 Richard Timothy Greene Disciplinary Decision
Jun 29, 1998 No Complaint Number Carlisle Investment Group, Ltd. Disciplinary Decision
Jun 12, 1998 C9B950010 Eliezer Gurfel Disciplinary Decision

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