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 Decision |
Proceeding No. | Title | Type | |
|---|---|---|---|---|
| Sep 28, 2010 | 20090182345 | In the Matter of the New Membership Application of Firm A | Membership Decision | |
| Aug 19, 2010 | 2006003834901 | Moustafa M. Zayed | Disciplinary Decision | |
| Aug 18, 2010 | EAF0400630001 | Kevin L. Cohen, Dennis S. Kaminski, and Gari C. Sanfilippo | Disciplinary Decision | |
| Aug 18, 2010 | 20090173549 | In the Matter of the Membership Continuance Application of Applicant Firm A | Membership Decision | |
| Jul 30, 2010 | 2007010306901 | FCS Securities and Dale Kleinser | Disciplinary Decision | |
| Jul 26, 2010 | 2005000835801 | Harry Friedman | Disciplinary Decision | |
| May 10, 2010 | 2005003188901 | Richard G. Cody | Disciplinary Decision | |
| May 3, 2010 | 2006006890801 | CMG Institutional Trading LLC and Shawn D. Baldwin | Disciplinary Decision | |
| Apr 23, 2010 | E8A2004072203 | Jonathan M. Skiba | Disciplinary Decision | |
| Mar 3, 2010 | CLGO50021 | John Patrick Leighton and Kenneth D. Pasternak | Disciplinary Decision | |
| Feb 26, 2010 | 2005001729501 | Gerald J. Kesner | Disciplinary Decision | |
| Feb 25, 2010 | 2006003738501 | Mission Securities Corporation and Craig M. Biddick | Disciplinary Decision | |
| Jan 1, 2010 | SD10006 | In the Matter of the Association of X | Redacted Decision, Statutory Disqualification, Denials | |
| Jan 1, 2010 | SD10001 | In the Matter of the Association of X | Redacted Decision, Statutory Disqualification, Denials | |
| Jan 1, 2010 | SD10005 | In the Matter of the Association of X | Redacted Decision, Statutory Disqualification, Approvals | |
| Jan 1, 2010 | SD10003 | In the Matter of the Association of X | Redacted Decision, Statutory Disqualification, Approvals | |
| Jan 1, 2010 | SD10002 | In the Matter of the Association of X | Redacted Decision, Statutory Disqualification, Approvals | |
| Jan 1, 2010 | SD10004 | In the Matter of the Association of X | Redacted Decision, Statutory Disqualification, Denials | |
| Dec 18, 2009 | 2006006192901 | Denis William Kraemer, Jr. | Disciplinary Decision | |
| Dec 16, 2009 | E072005017201 | John B. Busacca, III | Disciplinary Decision | |
| Dec 14, 2009 | 2006004377701 | Paul Bryan Zenke | Disciplinary Decision | |
| Oct 6, 2009 | 2006006705601 | John M. Saad | Disciplinary Decision | |
| Oct 2, 2009 | 20060049953-01 | Joseph Ricupero | Disciplinary Decision | |
| Aug 25, 2009 | 2006005565401 | Michael L. Vines | Disciplinary Decision | |
| Aug 21, 2009 | 2005001919501 | Jennifer Jordan | Disciplinary Decision |