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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 03, 2011 2006005977901 Kale E. Evans Disciplinary Decision
August 05, 2011 20070094468 Dirk Allen Taylor Disciplinary Decision
July 28, 2011 2005000324301 Jerry William Burch Disciplinary Decision
July 21, 2011 200801201960 Rebecca Amy Reichman Disciplinary Decision
May 13, 2011 2007011937001 Howard Braff Disciplinary Decision
May 06, 2011 2005003437102 Michael Lee Bullock Disciplinary Decision
April 15, 2011 20100226181 NAC Redacted Membership Decision 20100226181 Membership Decision
March 03, 2011 2005000075703 Midas Securities, LLC, World Trade Financial Corporation, Jason Troy Adams, Frank Edward Brickell, Jay S. Lee, and Rodney Preston Michel Disciplinary Decision
February 24, 2011 20070094345,20070111775 John E. Mullins and Kathleen M. Mullins Disciplinary Decision
January 07, 2011 2007009082902 Richard A. Neaton Disciplinary Decision
January 01, 2011 SD11006 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
January 01, 2011 SD11001 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
January 01, 2011 SD11002 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
January 01, 2011 SD11007 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
January 01, 2011 SD11003 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
January 01, 2011 SD11004 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
January 01, 2011 SD11008 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
January 01, 2011 SD11005 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
December 28, 2010 2006007544401 M. Paul De Vietien Disciplinary Decision
December 22, 2010 2006005318801 Kent M. Houston Disciplinary Decision
December 17, 2010 2007009848801 Dante J. DiFrancesco Disciplinary Decision
November 30, 2010 20090196759 NAC Redacted Membership Decision 20090196759 Membership Decision
October 26, 2010 E102003025201 Robert Conway and Kakit Ng Disciplinary Decision
October 21, 2010 2006005696601 Westrock Advisors, Inc. Disciplinary Decision
October 15, 2010 2007008358101 Vincent P. McCrudden Disciplinary Decision