Office of Hearing Officers
The Office of Hearing Officers is an office of impartial adjudicators of disciplinary cases brought by FINRA’s Department of Enforcement against FINRA members.
The Office of Hearing Officers maintains strict independence from FINRA's regulatory programs and is physically separated from other FINRA departments.
Hearing officers are not involved in the investigative process. Employment protections exist for hearing officers to further ensure their independence; they may not be terminated except by the FINRA Chief Executive Officer, with a right to appeal to the Audit Committee of FINRA's Board of Governors.
View: Orders and Decisions Chronologically | Orders by Topic | Orders by Rule
| Date of Decision |
Proceeding No. |
Title | Type | Order No. |
|---|---|---|---|---|
| Aug 19, 2003 | 03-01 | Hearing Panel Decision as to Respondent | Redacted Decision | |
| Sep 8, 2003 | 03-02 | Hearing Panel Decision as to Respondent | Redacted Decision | |
| Dec 22, 2003 | 03-03 | Hearing Panel Decision as to Respondent | Redacted Decision | |
| May 28, 2010 | 200011592201 | Order Denying Respondents' Motion for Leave to Offer Expert Testimony | Disciplinary Order | 10-03 |
| Mar 30, 2007 | 20042000056-01 | Hearing Panel Decision in Department of Market Regulation v. Respondent | Redacted Decision | |
| Oct 9, 2006 | 20042000056-01 | Order Deferring Ruling on Motion for Summary Disposition | Disciplinary Order | 06-45 |
| May 3, 2007 | 2005000029202 | Initial Case-Management Order | Disciplinary Order | 07-17 |
| Jun 26, 2007 | 20050000720-02 | Order Denying Respondent 2's Motion to Compel Production of Documents and Directing Respondent 2 to Supplement His Motion for a Rule 9252 Order | Disciplinary Order | 07-25 |
| Jun 13, 2007 | 20050000720-02 | Order Prohibiting Use of Subpoenas | Disciplinary Order | 07-24 |
| Dec 11, 2007 | 20050000720-02 | Hearing Panel Decision in Department of Enforcement v. Respondent | Redacted Decision | |
| Jul 30, 2007 | 20050000720-02 | Order Overruling the Parties' Objections to Exhibits and Witnesses | Disciplinary Order | 07-31 |
| May 12, 2009 | 2005000075703 | Amended Extended Hearing Panel Decision in Department of Enforcement v. Midas Securities LLC, World Trade Financial Corporation, Jason Troy Adams, Frank Edward Brickell, Jay S. Lee and Rodney Preston Michel | Disciplinary Decision | |
| May 25, 2007 | 2005000078501 | Hearing Panel Decision in Department of Market Regulation v. Mark Allen Borsky | Disciplinary Decision | |
| Feb 13, 2007 | 2005000094001 | Order Denying Respondents' Motion for Leave to Offer Expert Testimony | Disciplinary Order | 07-03 |
| Apr 24, 2007 | 2005000127502 | Hearing Panel Decision in Department of Market Regulation v. Steven Richard Jaloza, Neal Anthony Impellizeri, and Michael Raymond Gimeli | Disciplinary Decision | |
| Oct 31, 2006 | 2005000127502 | Order Following Final Pre-Hearing Conference Modifying Order Precluding Respondents from Introducing Evidence at the Hearing and Dismissing the Third Cause of Complaint | Disciplinary Order | 06-50 |
| Oct 20, 2006 | 2005000127502 | Order Denying Complainant's Motion for Partial Summary Disposition | Disciplinary Order | 06-48 |
| Sep 20, 2010 | 2005000171202 | Hearing Panel Decision in Department of Market Regulation v. Respondent | Redacted Decision | |
| Apr 30, 2008 | 2005000191701 | Hearing Panel Decision in Department of Market Regulation v. Paul M. Giarmoleo | Disciplinary Decision | |
| Jun 12, 2007 | 2005000191701 | Order Denying Respondent 3's Two Discovery Requests | Disciplinary Order | 07-22 |
| Dec 15, 2006 | 2005000315901 | Hearing Panel Decision in Department of Enforcement v. Respondent | Redacted Decision | |
| Feb 15, 2007 | 2005000316701 | Order Ruling on Department of Enforcement's (1) Objections to Witnesses and Documents, (2) Motion to Partially Strike Respondents' Pre-Hearing Brief, (3) Motion in Limine, and (4) Motion for Ruling on the Admissibility of Documents and Business Records | Disciplinary Order | 07-04 |
| Feb 16, 2007 | 2005000316701 | Order Ruling on Respondents' Motions to Strike Department of Enforcement's Exhibits | Disciplinary Order | 07-05 |
| Nov 16, 2006 | 2005000316701 | Order (1) Granting Complainant's Motion in Limine; (2) Denying Complainant's Motion to Sequester Witnesses, Without Prejudice; (3) Denying Respondents' Motions to Dismiss; (4) Denying Respondents' Motion to Strike; (5) Granting, in Part, Respondents' Motion To Preclude; (6) Denying, in Part, and Deferring, in Part, Respondents' Motion For Leave to Present Expert Testimony and (7) Denying Respondents' Motion for Leave to File a Compilation of Motions, Briefs and Rulings | Disciplinary Order | 06-55 |
| Nov 9, 2006 | 2005000316701 | Order Denying Respondents' Request That the Deputy Chief Hearing Officer Not Exercise Authority Pursuant to Rule 9235(b) | Disciplinary Order | 06-54 |