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.

Media: field_core_official_dt (year)
Date of Decision Proceeding No. Title Type
August 03, 2006 C9B040033 Robert M. Ryerson Disciplinary Decision
July 28, 2006 C9B040069 Howard Brett Berger Disciplinary Decision
July 28, 2006 CAF030067 Asensio Brokerage Services, Inc. n/k/a Integral Securities, Inc., and Manuel Peter Asensio Disciplinary Decision
May 19, 2006 C01040019 Beerbaum & Beerbaum Financial and Insurance Services, Inc., and Hans N. Beerbaum Disciplinary Decision
March 09, 2006 CAF020048 Vincent M. Uberti Disciplinary Decision
March 02, 2006 C9B020032 Rooney A. Sahai Disciplinary Decision
February 23, 2006 C01040010 Patrick Orvil Nugent Disciplinary Decision
February 21, 2006 C9B030076 Raghavan Sathianathan Disciplinary Decision
January 01, 2006 SD06010 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
January 01, 2006 SD06015 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
January 01, 2006 SD06007 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
January 01, 2006 SD06002 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
January 01, 2006 SD06003 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
January 01, 2006 SD06006 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
January 01, 2006 SD06011 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
January 01, 2006 SD06008 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
January 01, 2006 SD06014 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
January 01, 2006 SD06012 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
January 01, 2006 SD06004 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
January 01, 2006 SD06009 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
January 01, 2006 SD06013 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
January 01, 2006 SD06001 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
January 01, 2006 SD06005 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
December 30, 2005 CAF030042 In the Matter of Department of Enforcement, Complainant vs. Respondent Disciplinary Decision, Redacted Decision
December 28, 2005 C02040016 Philippe N. Keyes Disciplinary Decision