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
Media: field_core_official_dt (year)
Date of Decision Proceeding No. Title Type Order No.
March 13, 2023 97002201 Order Granting Motion to Dismiss and Decision Expedited Order EXP23-13
March 13, 2023 2017055886402 Order Regarding Cantone Respondents’ Motion for Clarification Disciplinary Order 23-12
February 28, 2023 97002201 Order Granting In Part and Denying In Part Enforcement’s Motion to Continue Hearing Date Expedited Order EXP23-10
February 28, 2023 2021071137001 Order Granting Enforcement’s Motion for Leave to Offer Expert Testimony
Disciplinary Order 23-11
February 21, 2023 2017055886402 Order Granting the Department of Enforcement’s Motion to Present Testimony by Videoconference or Telephone Disciplinary Order 23-07
February 21, 2023 2017055886402 Order Sustaining One of Respondents’ Objections to the Department of Enforcement’s Proposed Exhibits and Overruling Other Objections Disciplinary Order 23-08
February 21, 2023 2017055886402 Order Rejecting Respondents’ Pre-Hearing Objections to the Department of Enforcement’s Proposed Witnesses and Denying Respondent’s Motion in Limine Disciplinary Order 23-06
February 21, 2023 2017055886402 Order Denying the Department of Enforcement’s Objection to One of Respondents’ Witnesses, but Imposing Certain Requirements on Respondents Disciplinary Order 23-09
February 09, 2023 2020066627202 Order Regarding Pre-Hearing Objections and Motion in Limine Disciplinary Order 23-05
February 08, 2023 2021071137001 Order Denying Respondents’ Discovery Requests Disciplinary Order 23-04
February 08, 2023 2021070337501 Order Denying Respondent’s Motion Pursuant to FINRA Rule 9253 Disciplinary Order 23-03
January 13, 2023 2020066627202 Order Denying Respondent’s Motion for Summary Disposition Disciplinary Order 23-01
January 13, 2023 2020066627202 Order Denying Respondent’s Motion to Strike Disciplinary Order 23-02
January 03, 2023 2020067731001 Patrick Matlock Disciplinary Decision - Default
December 22, 2022 2021071672302 Jordan P. John Disciplinary Decision - Default
December 16, 2022 2021070867702 David Hixon Disciplinary Decision - Default
December 02, 2022 2020066627202 Oder Granting Enforcement’s Motion for Leave to Offer Expert Testimony of Arthur Middlemiss Disciplinary Order 22-23
November 29, 2022 2021071965401 Daniel Pita Disciplinary Decision - Default
November 25, 2022 2020065396501 Order Granting, in Part, Respondent’s Motion to Extend Time to File Objections Disciplinary Order 22-22
October 31, 2022 2019064813801 Order Granting, in Part, Enforcement’s Motion for Interim Conditions and Restrictions on Respondents Disciplinary Order 22-21
September 23, 2022 2017055886402 Order Granting Motion to Continue Hearing and Requiring Parties to Submit Joint Proposed Schedule Disciplinary Order 22-20
September 21, 2022 2018056490303 Timothy P. Higgins Disciplinary Decision - Default
September 08, 2022 2017055886402 Order Excluding Unqualified Attorney from This Proceeding Disciplinary Order 22-18
August 30, 2022 2017055886402 Order Setting a Pre-Hearing Videoconference for Friday, September 2, 2022, and Specifically Requiring Respondent Raymond J. Derobbio to Attend Disciplinary Order 22-17
August 26, 2022 2019064813801 APPEALED: NYPPEX, LLC, Laurence Allen, and Michael Schunk Disciplinary Decision