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.sort descending
Dec 28, 2006 2005001819101 Order Granting Complainant's Motion to Strike in Part the Introduction to Respondent's Answer Disciplinary Order 06-57
Dec 28, 2006 E8A2003084806 Order Granting Complainant's Motion in Limine Disciplinary Order 06-58
Feb 1, 2007 E3A20050065 Order Regarding Respondent's Pre-Hearing Submissions Disciplinary Order 07-01
Feb 5, 2007 2005001305701 Order Denying the Respondents' Motion for a More Definite Statement Disciplinary Order 07-02
Feb 13, 2007 2005000094001 Order Denying Respondents' Motion for Leave to Offer Expert Testimony Disciplinary Order 07-03
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
Feb 20, 2007 2005001305701 Order Denying Respondents' Three Discovery Motions Disciplinary Order 07-06
Feb 22, 2007 E8A2002109804 Order Granting the Parties' Motions for Telephone Testimony and Deferring Ruling on Respondent's Objection to Enforcement's Proposed Exhibit CX-7 Disciplinary Order 07-07
Feb 28, 2007 2005001305701 Order Setting Philadelphia, Pa as Venue for Disciplinary Proceeding Disciplinary Order 07-08
Mar 7, 2007 2005000316701 Order Granting Motion to Compel or Alternatively to Preclude Oral or Documentary Evidence Disciplinary Order 07-09
Mar 16, 2007 C02050006 Order Requiring Counsel to File Notice of Representation or Withdrawal Disciplinary Order 07-10
Mar 22, 2007 C10040052 Order Denying Respondents' Motion for Partial Summary Disposition Disciplinary Order 07-11
Mar 27, 2007 2005000440701 Order Regarding Pre-Hearing Motions Disciplinary Order 07-12
Mar 28, 2007 CAF040079 Order Regarding Witnesses Disciplinary Order 07-13
Apr 11, 2007 CAF040079 Order Granting in Part Respondent's Motion to Exceed Time Limits for Specific Witnesses and Denying Motion for Reconsideration of Total Number of Witnesses to Be Called Disciplinary Order 07-14
May 11, 2007 CAF040079 Order Denying Respondent's Motion to Preclude Evidence and Requiring Enforcement to File a Declaration Disciplinary Order 07-15
Apr 18, 2007 C11040006 Hearing Panel Order Granting, in Part, and Denying, in Part, Complainant's Motion for Summary Disposition Disciplinary Order 07-16
May 3, 2007 2005000029202 Initial Case-Management Order Disciplinary Order 07-17
May 11, 2007 2005001449202 Interim Scheduling and Case Management Order Disciplinary Order 07-18
Jun 11, 2007 CAF040079 Order Denying Respondent's Motion to Preclude Evidence and Requiring Enforcement to File a Declaration Disciplinary Order 07-19
May 17, 2007 E102003025201 Order Denying Respondents' Request for Leave to Offer Expert Testimony Disciplinary Order 07-20
Jun 11, 2007 E102003025201 Order Ruling on (1) Objections to Witnesses, (2) Motion to Substitute Exhibit, (3) Motions in Limine, and (4) Motions to Strike the Respondents' Affirmative Defenses Disciplinary Order 07-21
Jun 12, 2007 2005000191701 Order Denying Respondent 3's Two Discovery Requests Disciplinary Order 07-22
Jun 13, 2007 2006004494201 Order Quashing Post-Complaint Rule 8210 Request for Information Disciplinary Order 07-23