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.
Nov 18, 2005 CAF040058 Order Regarding Admissibility of Tape Recordings and Transcripts Disciplinary Order 05-40
Jan 14, 2005 CAF040058 Order Denying Respondents' Motion Pursuant to Rule 9252 and for an Extension of Time Disciplinary Order 05-01
Jun 14, 2005 CAF040058 Order Prohibiting Use of Subpoenas Disciplinary Order 05-39
Apr 21, 2005 CAF040070 Order Denying Respondents' Motion for Leave to Introduce Expert Testimony Disciplinary Order 05-17
Jul 21, 2006 CAF040073 Hearing Panel Decision in Department of Enforcement vs. Morgan Keegan et al. Disciplinary Decision
Mar 12, 2006 CAF040079 Order Denying Respondent's Motion for Summary Disposition Disciplinary Order 06-23
Mar 9, 2006 CAF040079 Order Granting Enforcement's Motion for Witness Sequestration Disciplinary Order 06-22
Mar 8, 2006 CAF040079 Order Granting Enforcement's Motion to Offer Testimony Via Telephone Disciplinary Order 06-21
Apr 25, 2008 CAF040079 Hearing Panel Decision in Department of Enforcement v. Respondent Redacted Decision
Mar 14, 2005 CAF040079 Order Denying Respondent's Motion to Quash and Motion for a Protective Order Disciplinary Order 05-07
Jun 11, 2007 CAF040079 Order Denying Respondent's Motion to Preclude Evidence and Requiring Enforcement to File a Declaration Disciplinary Order 07-19
Oct 30, 2005 CAF040079 Order Denying Motion to Reconsider Appointment of Extended Hearing Panelists Disciplinary Order 05-36
Sep 8, 2006 CAF040079 Order Denying Respondent's Request for Leave to File Motion in Limine Disciplinary Order 06-36
Aug 7, 2007 CAF040079 Order Regarding Post-Hearing Briefs Disciplinary Order 07-34
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
Dec 21, 2005 CAF040084 Hearing Panel Decision in Department of Enforcement vs. Christopher W. Black Disciplinary Decision
Dec 26, 1997 CAF970001 Order Regarding Motion for Judgment on the Pleadings Disciplinary Order 97-17
Dec 26, 1997 CAF970001 Order Regarding Motion to Strike Affirmative Defenses Disciplinary Order 97-18
Feb 5, 1998 CAF970002 Order Regarding Severance Disciplinary Order 98-17
Feb 25, 1998 CAF970002 Order Regarding Motion of Respondents and Enforcement's Motion to Strike Disciplinary Order 98-20
Nov 11, 1997 CAF970002 Order Denying Motion of Respondents and for Extension of Time to Answer Disciplinary Order 97-6
Nov 13, 1997 CAF970002 Order Regarding Motion of Respondents Requesting an Extension of Time to Answer, a More Definite Answer, and an Updated Service List Disciplinary Order 97-7
May 18, 1998 CAF970002 Order Denying Motions for Production of Documents Pursuant to Rule 9252 Disciplinary Order 98-24

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