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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
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
December 06, 2017 SD-2056 Merrill Lynch, Pierce, Fenner & Smith Incorporated Statutory Disqualification, Approvals
November 28, 2017 SD-2147 Morgan Stanley Smith Barney Statutory Disqualification, Approvals
November 03, 2017 SD-2160 Louis Capital Markets, LP Statutory Disqualification, Approvals
October 05, 2017 2013038986001 APPEALED: Richard Allen Riemer, Jr. Disciplinary Decision
October 02, 2017 SD-2129 APPEALED: Bruce Zipper Disciplinary Decision
September 13, 2017 SD-2078 Alex J. Drost with Cascade Partners BD, LLC Statutory Disqualification, Approvals
August 03, 2017 2012030527503 APPEALED: Thaddeus James North Disciplinary Decision
July 27, 2017 SD-2130 APPEALED: Robert J. Escobio Statutory Disqualification, Denials
July 24, 2017 2012034719701 APPEALED: Paul E. Taboada Disciplinary Decision
July 24, 2017 20120320803-01 Shiva Naby Disciplinary Decision
July 20, 2017 2011025675501r APPEALED: Kimberly Springsteen-Abbott Disciplinary Decision
July 20, 2017 2015044444801 Glenn Robert King Disciplinary Decision
July 20, 2017 2012034936005 David Joseph Escarcega Disciplinary Decision
June 16, 2017 SD-2154 James H. Dean with American Portfolios Financial Services, Inc. Statutory Disqualification, Approvals