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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
January 31, 2014 SD-1794 RBC Capital Markets, LLC Statutory Disqualification
January 16, 2014 SD-1750 Joseph Popp Statutory Disqualification
December 31, 2013 2009016764901 Robert Durant Tucker Disciplinary Decision
December 31, 2013 2009018771602 Robert H. Watkins Disciplinary Decision
December 26, 2013 20070082049 Robert Marcus Lane and Jeffrey G. Lane Disciplinary Decision
December 17, 2013 2006005259801 John Joseph Plunkett Disciplinary Decision
December 17, 2013 2008016437801 Hugh Vincent Murray III Disciplinary Decision
October 02, 2013 2008011762801 Mitchell H. Fillet Disciplinary Decision
October 01, 2013 2007010902501 Jeffrey B. Pierce Disciplinary Decision
July 25, 2013 20060053785-02 Robert N. Drake Disciplinary Decision
April 26, 2013 2008015934801 Alan Jay Davidofsky Disciplinary Decision
April 24, 2013 2009019369302 Jeff Ng Disciplinary Decision
February 26, 2013 2007010158001 CapWest Securities, Inc.: Appealed Disciplinary Decision
February 22, 2013 2006005318801 Kent M. Houston Disciplinary Decision
February 15, 2013 2008014621701 Thomas Weisel Partners, LLC and Stephen H. Brinck, Jr. Disciplinary Decision
February 15, 2013 2007010580702 Dennis Thomas Palmeri, Jr. Disciplinary Decision
February 04, 2013 2009017439601 Timothy Joseph Golonka Disciplinary Decision
January 01, 2013 SD13003 In the Matter of the Association of X as a Corporate Securities Limited Representative with The Sponsoring Firm Statutory Disqualification, Approvals
January 01, 2013 SD13001 In the Matter of the Continued Membership of Firm X with FINRA Statutory Disqualification, Approvals
January 01, 2013 SD13004 In the Matter of the Continued Membership of Firm X with FINRA Statutory Disqualification, Approvals
January 01, 2013 SD13002 In the Matter of the Association of X as a General Securities Representative with The Sponsoring Firm Statutory Disqualification, Denials
January 01, 2013 SD13005 In the Matter of the Continued Membership of Firm X with FINRA Statutory Disqualification, Approvals
December 18, 2012 2009018068701 Harry W. Hunt Disciplinary Decision
December 12, 2012 2008011701203 Daniel James Gallagher Disciplinary Decision
December 10, 2012 2010023719601 Chad A. McCartney Disciplinary Decision