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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 02, 2014 | 20130379350 | APPEALED: Bering Strait Securities, Inc. | Membership Decision |
| October 02, 2014 | SD-1798 | Wells Fargo Advisors, LLC | Statutory Disqualification, Approvals |
| September 29, 2014 | M00010005 | In the Matter of the Membership Continuance Application of The Firm | Membership Decision, Redacted Decision |
| August 01, 2014 | 20080127674 & 20080133768 | Angelo Xagoraris | Disciplinary Decision |
| July 25, 2014 | 2011027007901 | APPEALED: Shashishekhar Doni | Disciplinary Decision |
| July 21, 2014 | 2010021303301 | North Woodward Financial Corp. and Douglas A. Troszak | Disciplinary Decision |
| July 18, 2014 | 2009019837302 | APPEALED: Blair C. Mielke and Frederick W. Shultz | Disciplinary Decision |
| June 03, 2014 | 2010023724601 | David Kristian Evansen | Disciplinary Decision |
| May 20, 2014 | 2010021621201 | Michael Pino | Disciplinary Decision |
| May 14, 2014 | 2011025674101 | Shlomi S. Eplboim | Disciplinary Decision |
| May 09, 2014 | 2010023349601 | APPEALED: Denise M. Olson | Disciplinary Decision |
| May 07, 2014 | SD-1757, SD-1758, & SD-1896 | UBS Financial Services, Inc., and UBS Securities, LLC | Statutory Disqualification, Approvals |
| May 02, 2014 | 2008012925001 | APPEALED: The Dratel Group, Inc. and William M. Dratel | Disciplinary Decision |
| April 24, 2014 | 2011029760201 | Charles Schwab & Company, Inc. | Disciplinary Decision |
| March 27, 2014 | SD-1975 | Patrick Dukette | Statutory Disqualification, Approvals |
| March 05, 2014 | 2009017527501 | Steven R. Tomlinson | Disciplinary Decision |
| February 25, 2014 | 2011025643201 | Ronald E. Walblay | Disciplinary Decision |
| February 21, 2014 | 2011029152401 | William Bruce Smith | Disciplinary Decision |
| February 20, 2014 | 2009018076101 | Blair Alexander West | Disciplinary Decision |
| February 19, 2014 | SD-1812 | Mitchell T. Toland | Statutory Disqualification, Denials |
| 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 |