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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.
January 31, 2020 2018059510201 Order Governing Post-Hearing Briefing Disciplinary Order 20-03
January 21, 2020 2017054405401 Order Governing Withdrawal Of Certain Admitted Exhibits That Were Admitted Disciplinary Order 20-02
January 21, 2020 2017054405401 Order Regarding Filing Transcript Of Voice Message Disciplinary Order 20-01
December 20, 2019 2016048921102 Order Granting Motion to Withhold From Production Documents Outside the Scope of This Proceeding Disciplinary Order 19-37
December 19, 2019 2017055608101 APPEALED: Kapil Maheshwari Disciplinary Decision
December 17, 2019 2016051493704 APPEALED: Jorge A. Reyes Disciplinary Decision
December 05, 2019 2015045257501 Order Granting Motion to Withhold Certain Emails Disciplinary Order 19-36
November 29, 2019 2017054405401 Order Granting Enforcement’s Motion in Limine Disciplinary Order 19-35
November 11, 2019 ARB190024 Jonathan R. Lake Expedited Decision
November 06, 2019 2018059510201 Case Management and Scheduling Order Disciplinary Order 19-29
November 01, 2019 FPI190006 KJM Securities Expedited Decision
October 04, 2019 FPI190006 Order Permitting Parties To Oppose Or Otherwise Comment Upon The Hearing Officer’s Proposal To Take Official Notice Expedited Order EXP19-03
October 02, 2019 2016048837401 Order Establishing Procedures Regarding Treatment of SAR Information Disciplinary Order 19-34
September 19, 2019 2016049321302 Order Granting Consent Motion to Sequester Disciplinary Order 19-28
September 12, 2019 2018059545201 Case Management and Scheduling Order Disciplinary Order 19-30
September 03, 2019 2016048393501 Order Requiring Certification of Compliance with FINRA Rule 9910 Disciplinary Order 19-33
August 23, 2019 2015045312501 Order Following Pre-Hearing Conference Disciplinary Order 19-32
August 23, 2019 2018056848101 APPEALED: Thomas Lee Johnson Disciplinary Decision
August 22, 2019 2017053382401 Charles Edwin Taylor, Jodi Oyler Padgett, and John Lodge Farmer Disciplinary Decision
August 15, 2019 FPI190005 Myron K. Gruenberg Expedited Decision
August 15, 2019 FPI190001 - FPI190002 Alpine Securities Corp. and Scottsdale Capital Advisors Corp. Expedited Decision
August 07, 2019 2016051615301 APPEALED: Partho S. Ghosh Disciplinary Decision
August 07, 2019 2017052871401 APPEALED: William James Potter Disciplinary Decision
August 06, 2019 2016049321302 Order Granting Respondent Forte’s Supplemental Motion for Leave to Offer Expert Testimony Disciplinary Order 19-31
August 01, 2019 2015045312501 Supplemental Order Re: Denial of Second Motion to Stay Disciplinary Order 19-27