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.
Mar 17, 2005 CMS040202 Order Denying Motion for Order to Cease and Desist Disciplinary Order 05-08
Sep 30, 1999 CMS920002 Order Directing Complainant to Comply with Rule 9251 Disciplinary Order 99-19
Oct 18, 1999 CMS920002 Order Denying Motion to Stay Proceedings and to Vacate Current Scheduling Order Disciplinary Order 99-20
Oct 29, 1997 CMS960105 Order Denying Motion for Disqualification of Hearing Officer Disciplinary Order 97-4
Jul 31, 2000 CMS960174 Order Denying Respondent's Motion to Sever and Preclude Disciplinary Order 00-20
Jan 22, 1998 CMS970026 Order Granting the Department of Enforcement's Motion for Telephone Testimony, Denying Respondents' Motion for Use of an Expert Witness and Denying Respondents' Motion to Compel Production of Documents Disciplinary Order 98-11
Mar 10, 1998 CMS970026 Final Pre-Hearing Conference Order, Order Granting Respondents' Motion to Adjourn the March 17, 1998 Hearing, Order Rejecting Respondents' Contested Offer of Settlement, and Order Denying the Department of Enforcement's Motion for Partial Summary Disposition Disciplinary Order 98-21
Aug 26, 1998 CMS970026 Hearing Panel Decision in Department of Enforcement v. Olde Discount Corporation and Todd Thomas Wodek Disciplinary Decision
Jun 3, 1998 CMS970028 Hearing Panel Decision Redacted Decision
Dec 15, 1997 CMS970028 Order Granting in Part Complainant's Motion to Exclude Witnesses and Amend Exhibit List Disciplinary Order 97-12
Apr 13, 1999 CMS980108 Order with Respect to Respondent's Motion to Compel Production of Documents Disciplinary Order 99-05
Jul 29, 1999 CMS980108 Hearing Panel Decision Redacted Decision
Aug 21, 1998 CO5970035 Hearing Panel Decision Redacted Decision
Dec 26, 2000 DFC000003 Rule 9530 Suspension Proceeding DFC000003 Expedited Decision, Rule 9530 Suspension Decisions
Oct 3, 2002 DFC020014 NASD Treasurer, Complainant, v. Respondent Expedited Decision, Rule 9530 Suspension Decisions
Feb 21, 2003 DFC020018 Hearing Panel Decision in NASD Treasurer v. Respondent Disciplinary Decision
Mar 28, 2004 DFC040005 Order Denying Respondent's Motion to Dismiss the Suspension Proceeding Disciplinary Order 04-02
Apr 5, 2006 DFC050011 Decision in NASD Treasurer v. Lee Fisher Expedited Decision, Rule 9550 Expedited Decisions
Sep 14, 2006 DFC060004 Order Setting a Pre-Hearing Conference Disciplinary Order 06-56
Mar 18, 2015 DFC140002 Order Granting Complainant's Motion to Dismiss Hearing Request Expedited Order EXP15-01
Mar 18, 2015 DFC140002 Order Granting Complainant’s Motion to Dismiss Hearing Request Disciplinary Order 15-01
Dec 8, 2016 DFC160001 McBarron Capital, LLC Expedited Decision
Jun 12, 2017 DFC170003 Order Dismissing Request for Hearing Expedited Order 17-01
Feb 6, 2018 DFC170004 APPEALED: Dakota Securities International, Inc. Expedited Decision
Oct 6, 1999 DFC990003 Rule 9530 Suspension Proceeding DFC990003 Expedited Decision, Rule 9530 Suspension Decisions

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