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 |
|---|---|---|---|
| September 26, 2012 | 2007008239001 | ACAP Financial Inc. and Gary Hume | Disciplinary Decision |
| September 20, 2012 | 2010021916601 | Joseph S. Amundsen | Disciplinary Decision |
| September 14, 2012 | 2007007792902 | Edward S. Brokaw | Disciplinary Decision |
| August 01, 2012 | 2006005786501 | Joseph A. Padilla and Andrea M. Ritchie(f/k/a Andrea M. Bruno) | Disciplinary Decision |
| July 26, 2012 | 2008015105601 | Nolan Wayne Moore | Disciplinary Decision |
| May 02, 2012 | 2007007151101 | Merrimac Corporate Securities, Inc. | Disciplinary Decision |
| May 01, 2012 | 2006004122402 | Hedge Fund Capital Partners, LLC and Howard G. Jahre | Disciplinary Decision |
| March 07, 2012 | 2008012137601 | Gregory Richard Imbruce | Disciplinary Decision |
| March 02, 2012 | 20060051788-01 | Harrison A. Hatzis | Disciplinary Decision |
| February 24, 2012 | 2007011489301 | Ryan A. Leopold | Disciplinary Decision |
| February 21, 2012 | 2006005259801 | John Joseph Plunkett | Disciplinary Decision |
| January 02, 2012 | SD12004 | In The Matter of the Association of X as an Investment Company and Variable Contracts Products Limited Representative with The Sponsoring Firm | Redacted Decision, Statutory Disqualification, Approvals |
| January 02, 2012 | SD12010 | In the Matter of the Association of X | Redacted Decision, Statutory Disqualification, Approvals |
| January 02, 2012 | SD12005 | In the Matter of the Continued Association of X as a General Securities Representative with The Sponsoring Firm | Redacted Decision, Statutory Disqualification, Denials |
| January 02, 2012 | SD12007 | In the Matter of the Continued Membership of Firm X with FINRA | Redacted Decision, Statutory Disqualification, Approvals |
| January 02, 2012 | SD12001 | In the Matter of the Continued Association of X as a General Securities Representative | Redacted Decision, Statutory Disqualification, Denials |
| January 02, 2012 | SD12008 | In the Matter of the Continued Association of X as a General Securities Representative with The Sponsoring Firm | Redacted Decision, Statutory Disqualification, Denials |
| January 02, 2012 | SD12003 | In the Matter of the Association of X | Redacted Decision, Statutory Disqualification, Approvals |
| January 02, 2012 | SD12009 | In the Matter of the Continued Association of X as a General Securities Representative with The Sponsoring Firm | Redacted Decision, Statutory Disqualification, Approvals |
| January 02, 2012 | SD12002 | In the Matter of the Association of X as an Associated Person with The Sponsoring Firm | Redacted Decision, Statutory Disqualification, Denials |
| January 02, 2012 | SD12006 | In the Matter of the Association of X | Redacted Decision, Statutory Disqualification, Approvals |
| December 28, 2011 | 2007009403801 | Stephen W. Wilson | Disciplinary Decision |
| December 20, 2011 | 2005001988201 | Mark B. Beloyan and Tradespot Markets, Inc. | Disciplinary Decision |
| October 20, 2011 | 2005003610701 | William J. Murphy, Carl M. Birkelbach, and Birkelbach Investment Securities, Inc. | Disciplinary Decision |
| October 04, 2011 | 2007009981201 | Robert D. Tucker | Disciplinary Decision |