Office of Hearing Officers’ Decisions and Orders
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. |
|---|---|---|---|---|
| March 20, 2007 | E9B2003026301 | Hearing Panel Decision in Department of Enforcement v. Timothy Behany, Edward M. VanGrouw, and Carl Martin Trevisan | Disciplinary Decision | |
| March 16, 2007 | C02050006 | Order Requiring Counsel to File Notice of Representation or Withdrawal | Disciplinary Order | 07-10 |
| March 15, 2007 | ARB060035 | Wedbush Morgan Securities, Inc. | Expedited Decision, Rule 9550 Expedited Decisions | |
| March 07, 2007 | 2005000316701 | Order Granting Motion to Compel or Alternatively to Preclude Oral or Documentary Evidence | Disciplinary Order | 07-09 |
| February 28, 2007 | 2005001305701 | Order Setting Philadelphia, Pa as Venue for Disciplinary Proceeding | Disciplinary Order | 07-08 |
| February 28, 2007 | 2005001514501 | Hearing Panel Decision in Department of Enforcement v. Respondent | Redacted Decision | |
| February 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 |
| February 20, 2007 | 2005001305701 | Order Denying Respondents' Three Discovery Motions | Disciplinary Order | 07-06 |
| February 20, 2007 | CLI050014 | Hearing Panel Decision in Department of Enforcement v. Erik Matz | Disciplinary Decision | |
| February 16, 2007 | 2005000316701 | Order Ruling on Respondents' Motions to Strike Department of Enforcement's Exhibits | Disciplinary Order | 07-05 |
| February 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 |
| February 13, 2007 | 2005000094001 | Order Denying Respondents' Motion for Leave to Offer Expert Testimony | Disciplinary Order | 07-03 |
| February 05, 2007 | 2005001305701 | Order Denying the Respondents' Motion for a More Definite Statement | Disciplinary Order | 07-02 |
| February 01, 2007 | E3A20050065 | Order Regarding Respondent's Pre-Hearing Submissions | Disciplinary Order | 07-01 |
| December 28, 2006 | 2005001819101 | Order Granting Complainant's Motion to Strike in Part the Introduction to Respondent's Answer | Disciplinary Order | 06-57 |
| December 28, 2006 | E8A2003084806 | Order Granting Complainant's Motion in Limine | Disciplinary Order | 06-58 |
| December 15, 2006 | C02050006 | In the Matter of the Association of X | Redacted Decision | |
| December 15, 2006 | 2005000315901 | Hearing Panel Decision in Department of Enforcement v. Respondent | Redacted Decision | |
| December 12, 2006 | E8A20050252 | Hearing Panel Decision in Department of Enforcement vs. CMG Institutional Trading, LLC and Shawn D. Baldwin | Disciplinary Decision | |
| November 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 |
| November 14, 2006 | C8A050060 | Hearing Panel Decision in Department of Enforcement vs. Karen Hill | Disciplinary Decision | |
| November 09, 2006 | 2005000316701 | Order Denying Respondents' Request That the Deputy Chief Hearing Officer Not Exercise Authority Pursuant to Rule 9235(b) | Disciplinary Order | 06-54 |
| November 09, 2006 | EAF0300770001 | Order For Sequestration of Witnesses | Disciplinary Order | 06-53 |
| November 07, 2006 | E1020040926-01 | Order Precluding the Respondents from Presenting Witnesses at the Hearing, Other Than Respondent 2 | Disciplinary Order | 06-52 |
| November 01, 2006 | EAF0400300001 | Order Regarding Hearing Procedures | Disciplinary Order | 06-51 |