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.sort descending Title Type Order No.
Jun 15, 2004 CAF030058 Order Granting Respondent's Motion for in Camera Inspection of Documents Disciplinary Order 04-05
Jan 4, 2005 CAF030067 Hearing Panel Decision in Department of Enforcement vs. Asensio Brokerage Services, Inc. Disciplinary Decision
Sep 15, 2004 CAF030067 Order Denying Motion to Strike Witnesses Disciplinary Order 04-19
Apr 5, 2005 CAF040002 Order Denying Complainant's Objection to Expert Testimony of Paul Mason Disciplinary Order 05-14
Apr 4, 2005 CAF040002 Order Denying Respondents' Motion in Limine to Preclude Complainant from Using New Simulation Model Disciplinary Order 05-13
Mar 30, 2005 CAF040002 Order Denying in Part The Department's Motion for Leave to Offer Testimony by Telephone and Denying the Respondents' Motion Pursuant to Rule 9252 Disciplinary Order 05-12
May 3, 2004 CAF040002 Motion To Compel Compliance With Procedural Rule 9251 and Denying the Respondents' Motions for Sanctions and for Leave to File a Reply Disciplinary Decision
Oct 6, 2004 CAF040002 Motion To Compel Compliance With Procedural Rule 9251 and Denying the Respondents' Motions for Sanctions and for Leave to File a Reply Disciplinary Order 04-26
Oct 12, 2004 CAF040020 Order Ruling On Pre-Hearing Motions Disciplinary Decision
Oct 28, 2004 CAF040020 Order Ruling On Pre-Hearing Motions Disciplinary Order 04-29
Apr 15, 2005 CAF040025 Hearing Panel Decision in Department of Enforcement vs. Steven C. Kirsch Disciplinary Decision
Dec 15, 2004 CAF040042 Hearing Panel Decision in Department of Enforcement v. LH Ross & Company, Inc. Disciplinary Decision
Jun 5, 2006 CAF040052 Hearing Panel Decision in Department of Enforcement vs. Jericho Nicolas et al. Disciplinary Decision
Jan 14, 2005 CAF040056 Hearing Panel Decision in Department of Enforcement vs. L.H. Ross & Company, Inc. Disciplinary Decision
Jan 14, 2005 CAF040056 Hearing Panel Decision in Department of Enforcement vs. L.H. Ross & Company, Inc. Disciplinary Decision
Jan 14, 2005 CAF040056 Hearing Panel Decision in Department of Enforcement vs. L.H. Ross & Company, Inc. Disciplinary Decision
Sep 17, 2004 CAF040056 Order Denying Respondent's Application to Vacate the Temporary Cease and Desist Order Disciplinary Order 04-20
Mar 2, 2005 CAF040056 Order Denying Enforcement's Motion to Modify Permanent Cease and Desist Order Disciplinary Order 05-06
Aug 2, 2004 CAF040056 Order Granting in Part, and Denying in Part, Enforcement's Motion for Leave to Offer Telephone Testimony Disciplinary Order 04-13
Sep 15, 2004 CAF040056 Hearing Panel Decision in Department of Enforcement vs. L.H. Ross & Company, Inc. Disciplinary Decision
Oct 12, 2004 CAF040056 Order Rejecting Filing Disciplinary Order 04-27
Feb 8, 2006 CAF040058 Order Denying Respondents' Motion to Invoke Procedural Rule 8210 Disciplinary Order 06-18
Oct 11, 2005 CAF040058 Order Granting Joint Motion for a Protective Order Disciplinary Order 05-33
Oct 19, 2005 CAF040058 Order Granting the Parties' Motions for Leave to Introduce Expert Testimony Disciplinary Order 05-35
Jan 14, 2005 CAF040058 Order Denying Respondents' Motion Pursuant to Rule 9252 and for an Extension of Time Disciplinary Order 05-01

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