National Adjudicatory Council
The National Adjudicatory Council (NAC) is a FINRA committee that reviews initial decisions rendered in FINRA disciplinary and membership proceedings. While a decision is on appeal, the sanction is not actively enforced against the firm or individual. The NAC may affirm, dismiss, modify, or reverse any finding, or remand for further proceedings. The NAC may affirm, modify, reverse, increase, or reduce any sanction or impose any other fitting sanction.
Unless FINRA's Board of Governors decides to review the NAC's appellate decision, the NAC's decision represents FINRA's final action. A firm or individual can appeal FINRA's decision to the Securities and Exchange Commission.
| Date of Decision | Proceeding No. | Title | Type |
|---|---|---|---|
| December 19, 2019 | 2012032731802 | APPEALED: Wilson-Davis & Co., Inc., James C. Snow, and Byron B. Barkley | Disciplinary Decision |
| December 17, 2019 | SD-2121 | Interactive Brokers LLC | Statutory Disqualification, Approvals |
| December 16, 2019 | 2015045456401 | David O. Braeger | Disciplinary Decision |
| December 11, 2019 | SD-2186 | Joseph Campo with Moelis & Company, LLC | Statutory Disqualification, Approvals |
| December 11, 2019 | 2015046631101 | Robert R. Tweed | Disciplinary Decision |
| December 10, 2019 | 2013035865303 | Spencer Edwards, Inc. | Disciplinary Decision |
| October 02, 2019 | 2014040476901 | C.L. King & Associates, Inc. and Gregg Alan Miller | Disciplinary Decision |
| September 30, 2019 | 2016050924601 | Bradley C. Reifler | Disciplinary Decision |
| July 30, 2019 | 2016049085401 | Robert Charles McNamara | Disciplinary Decision |
| July 26, 2019 | 2015045254501 | Richard O. White | Disciplinary Decision |
| May 23, 2019 | 2014039285401 | APPEALED: Southeast Investments, N.C., Inc. & Frank Harmon Black | Disciplinary Decision |
| May 22, 2019 | 2012030738501 | APPEALED: J.W. Korth and Company | Disciplinary Decision |
| May 15, 2019 | 2015048362402 | John Anthony Vedovino | Disciplinary Decision |
| May 15, 2019 | 2016052347901 | Austin Wayne Morton | Disciplinary Decision |
| May 02, 2019 | SD-2140 | Stifel, Nicolaus & Co., Inc. | Statutory Disqualification, Approvals |
| March 18, 2019 | 2016047565702 | Dakota Securities & Bruce Zipper | Disciplinary Decision |
| March 15, 2019 | SD-2195 | Scott Coy | Statutory Disqualification, Denials |
| March 11, 2019 | 2010022977801r | David B. Tysk | Disciplinary Decision |
| March 07, 2019 | SD-2148 | Guy Wyser-Pratte | Statutory Disqualification, Denials |
| March 05, 2019 | 2014039839101 | Jim Jinkook Seol | Disciplinary Decision |
| January 29, 2019 | 2015044823501, 2015044823502 | Craig Scott Taddonio, Brent Morgan Porges, Edward Beyn | Disciplinary Decision |
| January 16, 2019 | 2013035130101 | APPEALED: Cantone Research, Inc., Anthony Cantone, and Christine Cantone | Disciplinary Decision |
| January 08, 2019 | 2013037522501 | APPEALED: Trevor Michael Saliba, Sperry Randall Younger, Richard Daniel Tabizon, and Arthur Mansourian | Disciplinary Decision |
| January 08, 2019 | 2015046759201 | Todd B. Wyche | Disciplinary Decision |
| December 20, 2018 | SD-2157 | Allan Wolfe | Statutory Disqualification, Approvals |