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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 |
|---|---|---|---|
| July 10, 2019 | SD-2209 | Alexander Capital, L.P. | Statutory Disqualification, Approvals |
| June 21, 2019 | SD-2244 | David B. Girton with Sturdivant & Co., Inc. | Statutory Disqualification, Approvals |
| June 04, 2019 | SD-2235 | Central States Capital Markets, LLC | Statutory Disqualification, Approvals |
| May 23, 2019 | 2014039285401 | APPEALED: Southeast Investments, N.C., Inc. & Frank Harmon Black | Disciplinary Decision |
| May 22, 2019 | SD-2222 | Arthur F. Grant with Cadaret, Grant & Co., Inc. | Statutory Disqualification, Approvals |
| May 22, 2019 | 2012030738501 | APPEALED: J.W. Korth and Company | Disciplinary Decision |
| May 16, 2019 | SD-2214 | Coker & Palmer, Inc. | Statutory Disqualification, Approvals |
| 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 |
| April 15, 2019 | SD-2199 | J.H. Darbie & 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 21, 2018 | SD-2229 | COR Clearing LLC | Statutory Disqualification, Approvals |
| December 20, 2018 | SD-2157 | Allan Wolfe | Statutory Disqualification, Approvals |
| November 29, 2018 | SD-2095 | Ronald B. Smith | Statutory Disqualification, Approvals |
| November 21, 2018 | SD-2203 | Gates Capital Corporation | Statutory Disqualification, Approvals |
| October 11, 2018 | 2012030731802 | APPEALED: William H. Murphy & Co., Inc., and William H. Murphy | Disciplinary Decision |