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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.

Media: field_core_official_dt (year)
Date of Decision Proceeding No. Title Type
January 01, 1999 SD99014 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
January 01, 1999 SD99017 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
January 01, 1999 SD99022 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
January 01, 1999 SD99011 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
January 01, 1999 SD99023 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
January 01, 1999 SD99003 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
January 01, 1999 SD99006 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
January 01, 1999 SD99009 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
January 01, 1999 SD99015 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
January 01, 1999 SD99019 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
January 01, 1999 SD99024 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
January 01, 1999 SD99013 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
January 01, 1999 SD99026 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Denials
January 01, 1999 SD99001 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
January 01, 1999 SD99004 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
January 01, 1999 SD99007 In the Matter of the Association of X Redacted Decision, Statutory Disqualification, Approvals
December 22, 1998 C10960149 Andrew Fensmark Harris Disciplinary Decision
November 18, 1998 C01960020 Daniel Wright Sisson Disciplinary Decision
November 13, 1998 C02960024 James Basil Peters Disciplinary Decision
November 11, 1998 C8A960094 Norman M. Merz Disciplinary Decision
November 03, 1998 C05930020 Donald R. Gates Disciplinary Decision
October 22, 1998 C07960105 Wayne B. Vaughan Disciplinary Decision
October 22, 1998 C8A960081 In the Matter of District Business Conduct Committee For District No. 8, Complainant, vs. Respondent Firm 1 and Respondent 2 Disciplinary Decision, Redacted Decision
October 22, 1998 C9A960029 Pamela A. Hartsock Disciplinary Decision
October 22, 1998 C9A960029 In the Matter of District Business Conduct Committee For District No. 9, Complainant, vs. Respondent 1 Disciplinary Decision, Redacted Decision