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Office of Hearing Officers’ Decisions and Orders

The Office of Hearing Officers is an office of impartial adjudicators of disciplinary cases brought by FINRA’s Department of Enforcement against FINRA members.

The Office of Hearing Officers maintains strict independence from FINRA's regulatory programs and is physically separated from other FINRA departments.

Hearing officers are not involved in the investigative process. Employment protections exist for hearing officers to further ensure their independence; they may not be terminated except by the FINRA Chief Executive Officer, with a right to appeal to the Audit Committee of FINRA's Board of Governors.

View:  Orders and Decisions Chronologically  |  Orders by Topic  |  Orders by Rule
Date of Decision Proceeding No. Title Type Order No.
June 03, 2021 2018058924502 APPEALED: Adam James Makkai Disciplinary Decision
May 27, 2021 2017052701101 James W. Flower Disciplinary Decision
May 20, 2021 2016048837401 Amended Order Regarding Review and Redaction of Exhibits Disciplinary Order 21-09
May 19, 2021 2019064313901 Order Sustaining Respondent Paramveer Singh’s Objection to the Admission of CX-30 into Evidence Disciplinary Order 21-08
May 19, 2021 2017052867301 APPEALED: Mercer Hicks III Disciplinary Decision
May 18, 2021 2018058588501 APPEALED: Christopher Peter Tranchina Disciplinary Decision
March 15, 2021 2016048837401 Order Granting Respondent’s Motion to Continue Hearing Disciplinary Order 21-06
March 15, 2021 2016048837401 Order Converting Hearing to Video Conference if Necessary Disciplinary Order 21-07
March 01, 2021 2019064313901 Order Denying Without Prejudice Respondent’s Motion for a Stay Pursuant to FINRA Rule 9222 Disciplinary Order 21-05
February 18, 2021 2015045257501 APPEALED: Ricky Alan Mantei Disciplinary Decision
February 03, 2021 2019064416201 Travis Scott Hughes Disciplinary Decision
February 02, 2021 2017053462401 Order Continuing In-Person Hearing Disciplinary Order 21-04
January 29, 2021 2017052701101 Order Requiring Replacement of Certain Hearing Exhibits with More Legible Copies Disciplinary Order 21-03
January 19, 2021 2018058588501 Order Regarding Enforcement’s Motion in Limine and Pre-Hearing Objections Disciplinary Order 21-02
January 13, 2021 ARB200025 Giovanni Antonio Malatesta Expedited Decision
January 07, 2021 2018058588501 Order Denying Respondent’s Motion to Postpone Hearing Dates Disciplinary Order 21-01
December 07, 2020 2017052701101 Order Converting Hearing and Final Pre-Hearing Conference to VideoConference and Amending Pre-Hearing Schedule Disciplinary Order 20-23
December 07, 2020 2017052701101 Order Granting Enforcement’s Motion for Leave to Issue Post-Complaint Rule 8210 Request Disciplinary Order 20-22
November 18, 2020 2018056436001 Order Memorializing Rulings at Pre-Hearing Conference Disciplinary Order 20-21
November 13, 2020 2018058924502 Order Granting Motion for Postponement Disciplinary Order 20-20
October 30, 2020 2015047244701 Order on Behalf of Hearing Panel Accepting Offer of Settlement and Proposed Order of Acceptance Pursuant to FINRA Rule 9270(e) Disciplinary Order 20-19
October 19, 2020 2015047244701 Order Requiring Enforcement to Transmit to Hearing Panel Any Offer of Settlement and Proposed Order of Acceptance Pursuant to FINRA Rule 9270(e) Disciplinary Order 20-18
September 15, 2020 ARB200002 Michael Joseph Shimko, Jr. Expedited Decision
September 04, 2020 2016048837401 Order Granting Request for Postponement and Denying Request for Change of Hearing Location Disciplinary Order 20-17
August 25, 2020 2016049414401 Order Directing Respondent To File Answer Compliant With FINRA Rule 9215 Disciplinary Order 20-13