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 21, 2002 | C10000122 | Vincent J. Puma | Disciplinary Decision |
| October 17, 2002 | C8A010020 | In the Matter of Department of Enforcement, Complainant vs. Respondent | Disciplinary Decision, Redacted Decision |
| August 13, 2002 | C05010012 | Wendell D. Belden | Disciplinary Decision |
| July 29, 2002 | CAF000045 | Morgan Stanley DW Inc., et al. | Disciplinary Decision |
| June 03, 2002 | CAF000030 | Manual M. Bello | Disciplinary Decision |
| May 06, 2002 | CAF000015 | Josephthal & Co. Inc. | Disciplinary Decision |
| April 26, 2002 | C10000037 | George M. Goritz | Disciplinary Decision |
| April 03, 2002 | C10000210 | James Henry Bond, III | Disciplinary Decision |
| March 27, 2002 | C8A000059 | Roger A. Hanson | Disciplinary Decision |
| March 26, 2002 | C10010005 | Jeffrey B. Hodde | Disciplinary Decision |
| March 20, 2002 | CAF000029 | In the Matter of Department of Enforcement, Complainant v. Respondent 1 | Disciplinary Decision, Redacted Decision |
| March 20, 2002 | C10000026 | Damien R. Douglas | Disciplinary Decision |
| March 20, 2002 | CAF000033 | Dennis Sturm | Disciplinary Decision |
| January 03, 2002 | C07000033 | Franklyn Ross Michelin & L.H. Ross & Co., Inc. | Disciplinary Decision |
| January 01, 2002 | SD02001 | In the Matter of the Association of X | Redacted Decision, Statutory Disqualification, Denials |
| January 01, 2002 | SD02002 | In the Matter of the Association of X | Redacted Decision, Statutory Disqualification, Denials |
| January 01, 2002 | SD02009 | In the Matter of the Continued Association of X | Redacted Decision, Statutory Disqualification, Approvals |
| January 01, 2002 | SD02003 | In the Matter of the Continued Association of X | Redacted Decision, Statutory Disqualification, Approvals |
| January 01, 2002 | SD02007 | In the Matter of the Continued Association of X | Redacted Decision, Statutory Disqualification, Approvals |
| January 01, 2002 | SD02010 | In the Matter of the Continued Association of X | Redacted Decision, Statutory Disqualification, Approvals |
| January 01, 2002 | SD02004 | In the Matter of the Association of X | Redacted Decision, Statutory Disqualification, Approvals |
| January 01, 2002 | SD02008 | In the Matter of the Association of X | Redacted Decision, Statutory Disqualification, Approvals |
| December 13, 2001 | C10000165 | Stephen D. Carcaterra | Disciplinary Decision |
| December 13, 2001 | C9A000027 | Luther A. Hanson | Disciplinary Decision |
| December 03, 2001 | C07000003 | Jack H. Stein | Disciplinary Decision |