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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.
February 06, 2018 DFC170004 APPEALED: Dakota Securities International, Inc. Expedited Decision
February 02, 2018 2015046759201 APPEALED: Todd B. Wyche Disciplinary Decision
January 11, 2018 2015047069701 Case Management and Scheduling Order Disciplinary Order 18-13
January 10, 2018 2014041862701 Case Management and Scheduling Order Disciplinary Order 18-12
January 10, 2018 2014041860801 Order Denying Respondents’ Motion for More Definite Statement and Department of Enforcement’s Motion to Strike Disciplinary Order 18-05
January 10, 2018 2014042606902 Order Granting Enforcement’s Motion for Rule-Compliant Answer Disciplinary Order 18-03
January 08, 2018 2014043869901 Jeffrey E. Krupnick Disciplinary Decision
December 27, 2017 2015045456401 APPEALED: David O. Braeger Disciplinary Decision
December 21, 2017 ARB160035 APPEALED: Keith Patrick Sequeira Expedited Decision
December 20, 2017 2016047565702 Order Regarding Motion for Order Directing Zipper to File a Proper Answer Disciplinary Order 17-22
December 17, 2017 2014041860801 Case Management and Scheduling Order Disciplinary Order 17-27
December 15, 2017 2013037522501 APPEALED: Trevor Michael Saliba, Sperry Randall Younger, Richard Daniel Tabizon, and Arthur Mansourian Disciplinary Decision
December 14, 2017 ARB170025 Matthew Grady Expedited Decision
December 08, 2017 2013039306601 Michael Timothy Dolan Disciplinary Decision
December 01, 2017 2014039775501 Case Management and Scheduling Order Disciplinary Order 17-26
November 21, 2017 2013037522501 Order Adding Additional Exhibit into Evidentiary Record Disciplinary Order 17-21
November 13, 2017 2015047154001 Order Denying Respondent’s Amended Motion to Grant Expert Testimony Disciplinary Order 17-19
November 13, 2017 2013035345701 Order Sustaining Department of Enforcement’s Objection to Respondents’ Inclusion of Erin Vocke on their Proposed Witness List Disciplinary Order 17-20
November 08, 2017 2014040809501 Eddie Basora, Jr. Disciplinary Decision
November 08, 2017 2014041985401 APPEALED: James Larkin Powers Disciplinary Decision
November 06, 2017 2015048048801 Hank M. Werner and Legend Securities, Inc. Disciplinary Decision
October 25, 2017 2014042291901 APPEALED: Gopi K. Vungarala Disciplinary Decision
October 03, 2017 ARB170022 Craig Arnold Sorenson Expedited Decision
October 02, 2017 2013037401001 APPEALED: Stanley Clayton Niekras Disciplinary Decision
September 26, 2017 2012031748203 William Norris Jordan Disciplinary Decision