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. |
|---|---|---|---|---|
| December 28, 2006 | 2005001819101 | Order Granting Complainant's Motion to Strike in Part the Introduction to Respondent's Answer | Disciplinary Order | 06-57 |
| December 28, 2006 | E8A2003084806 | Order Granting Complainant's Motion in Limine | Disciplinary Order | 06-58 |
| December 15, 2006 | 2005000315901 | Hearing Panel Decision in Department of Enforcement v. Respondent | Redacted Decision | |
| December 15, 2006 | C02050006 | In the Matter of the Association of X | Redacted Decision | |
| December 12, 2006 | E8A20050252 | Hearing Panel Decision in Department of Enforcement vs. CMG Institutional Trading, LLC and Shawn D. Baldwin | Disciplinary Decision | |
| November 16, 2006 | 2005000316701 | Order (1) Granting Complainant's Motion in Limine; (2) Denying Complainant's Motion to Sequester Witnesses, Without Prejudice; (3) Denying Respondents' Motions to Dismiss; (4) Denying Respondents' Motion to Strike; (5) Granting, in Part, Respondents' Motion To Preclude; (6) Denying, in Part, and Deferring, in Part, Respondents' Motion For Leave to Present Expert Testimony and (7) Denying Respondents' Motion for Leave to File a Compilation of Motions, Briefs and Rulings | Disciplinary Order | 06-55 |
| November 14, 2006 | C8A050060 | Hearing Panel Decision in Department of Enforcement vs. Karen Hill | Disciplinary Decision | |
| November 09, 2006 | 2005000316701 | Order Denying Respondents' Request That the Deputy Chief Hearing Officer Not Exercise Authority Pursuant to Rule 9235(b) | Disciplinary Order | 06-54 |
| November 09, 2006 | EAF0300770001 | Order For Sequestration of Witnesses | Disciplinary Order | 06-53 |
| November 07, 2006 | E1020040926-01 | Order Precluding the Respondents from Presenting Witnesses at the Hearing, Other Than Respondent 2 | Disciplinary Order | 06-52 |
| November 01, 2006 | EAF0400300001 | Order Regarding Hearing Procedures | Disciplinary Order | 06-51 |
| October 31, 2006 | 2005000127502 | Order Following Final Pre-Hearing Conference Modifying Order Precluding Respondents from Introducing Evidence at the Hearing and Dismissing the Third Cause of Complaint | Disciplinary Order | 06-50 |
| October 26, 2006 | CAF040058 | Hearing Panel Decision in Department of Enforcement vs. Andrew P. Gonchar and Polyvios T. Polyviou | Disciplinary Decision | |
| October 23, 2006 | EAF0300770001 | Order Permitting Expert Testimony | Disciplinary Order | 06-49 |
| October 20, 2006 | 2005000127502 | Order Denying Complainant's Motion for Partial Summary Disposition | Disciplinary Order | 06-48 |
| October 20, 2006 | E9B2002055601 | Hearing Panel Decision in Department of Enforcement v. Respondent | Redacted Decision | |
| October 11, 2006 | EAF0400300001 | Order Denying Respondents' Rule 9252 Motion for the Production of Data, Documents and Testimony | Disciplinary Order | 06-47 |
| October 10, 2006 | EAF0400300001 | Order Directing the Parties to Cease Sending Non-Compliant Communications to the Office of Hearing Officers | Disciplinary Order | 06-46 |
| October 09, 2006 | 20042000056-01 | Order Deferring Ruling on Motion for Summary Disposition | Disciplinary Order | 06-45 |
| October 04, 2006 | ARB060029 | Order Dismissing Defense and Granting Respondents Leave to File a Motion for Leave to Amend Their Request for Hearing | Expedited Order | 06-44 |
| October 03, 2006 | EAF0400300001 | Order Directing Respondents to File Exhibits and Witness List in Compliance With Pre-Hearing Order, and Extending Related Deadlines | Disciplinary Order | 06-43 |
| September 28, 2006 | ARB060022 | Order Deeming Defense as Abandoned, Hearing as Waived, and NASD Suspension Notice as Final | Expedited Order | 06-41 |
| September 28, 2006 | E8A2003091501 | Order Granting Motion for to Permit Certain Witnesses to Have Counsel Present | Disciplinary Order | 06-42 |
| September 20, 2006 | ARB060029 | Order Clarifying Agenda for Pre-Hearing Conference | Expedited Order | 06-40 |
| September 19, 2006 | 2005003490801 | Hearing Panel Decision in Department of Enforcement vs. Kenneth D. Schacht | Disciplinary Decision |