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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
October 04, 2018 2013037401001 Stanley Clayton Niekras Disciplinary Decision
October 03, 2018 2012033832501 Matthew David Rubin Disciplinary Decision
October 02, 2018 2014042291901 APPEALED: Gopi Krishna Vungarala Disciplinary Decision
August 17, 2018 SD-2151 Jesse B. Shelmire, IV with Stonegate Capital Markets, Inc. Statutory Disqualification, Approvals
July 20, 2018 2014041724601 APPEALED: Scottsdale Capital Advisors Corporation, John Joseph Hurry, Timothy Brian DiBlasi, and Darrel Michael Cruz Disciplinary Decision
June 25, 2018 SD-2183 David Girton Statutory Disqualification, Approvals
June 18, 2018 SD-2181 WNJ Capital,Inc. Statutory Disqualification, Approvals
May 25, 2018 SD-2189 Francis D. Moise, Sr., with First Western Securities, Inc. Statutory Disqualification, Approvals
May 24, 2018 SD-2132 APPEALED: Kimberly Springsteen-Abbott Statutory Disqualification, Denials
May 23, 2018 2012034393801 Aon Miller Disciplinary Decision
May 23, 2018 2012030564701 Newport Coast Securities, Inc., Andre La Barbera, Douglas Leone Disciplinary Decision
May 21, 2018 2014043001601 Allen Holeman Disciplinary Decision
May 17, 2018 2015044960501 Michael Todd Clements Disciplinary Decision
May 14, 2018 SD-2172 APPEALED: Windsor Street Capital, L.P. (f/k/a Meyers Associates, L.P.) Statutory Disqualification, Denials
April 05, 2018 SD-2150 David P. Brown Statutory Disqualification, Approvals
March 28, 2018 2011030293503 Richard Gomez Disciplinary Decision
March 19, 2018 2014040876001 Kenneth J. Mathieson Disciplinary Decision
March 13, 2018 SD-2137 APPEALED: Gabriel Block Statutory Disqualification, Denials
March 01, 2018 SD-2181 O’Connor & Company Securities, Inc. Statutory Disqualification, Approvals
February 22, 2018 SD-2123 Catherine Ann Sheridan Statutory Disqualification, Approvals
February 16, 2018 SD-2091 Christopher J. Moran with Aegis Capital Corp. Statutory Disqualification, Approvals
January 04, 2018 2010020954501 APPEALED: Meyers Associates, L.P. (n/k/a Windsor Street Capital, L.P.) and Bruce Meyers Disciplinary Decision
December 22, 2017 2013035533701 APPEALED: Meyers Associates, L.P. Disciplinary Decision
December 21, 2017 2011027007901 Shashishekhar Doni Disciplinary Decision
December 11, 2017 SD-2144 Goldman, Sachs & Co. Statutory Disqualification, Approvals