National Adjudicatory Council
The National Adjudicatory Council (NAC) is a FINRA committee that reviews initial decisions rendered in FINRA disciplinary and membership proceedings. While a decision is on appeal, the sanction is not actively enforced against the firm or individual. The NAC may affirm, dismiss, modify, or reverse any finding, or remand for further proceedings. The NAC may affirm, modify, reverse, increase, or reduce any sanction or impose any other fitting sanction.
Unless FINRA's Board of Governors decides to review the NAC's appellate decision, the NAC's decision represents FINRA's final action. A firm or individual can appeal FINRA's decision to the Securities and Exchange Commission.
| Date of Decision | Proceeding No. | Title | Type |
|---|---|---|---|
| July 18, 2016 | 2012034389202 | APPEALED: Bernard G. McGee | Disciplinary Decision |
| June 17, 2016 | SD-2026 | RBS Securities, Inc. | Statutory Disqualification |
| May 20, 2016 | SD-2027 | APPEALED: Christopher Cota with Capital Financial Services, Inc. | Statutory Disqualification, Denials |
| May 16, 2016 | 2010022977801 | APPEALED: David B. Tysk | Disciplinary Decision |
| May 09, 2016 | SD-2069 | APPEALED: Bruce Meyers with Meyers Associates, L.P. | Statutory Disqualification, Denials |
| April 06, 2016 | SD-2010 | Michael C. Furman with Citigroup Global Markets, Inc. | Statutory Disqualification, Approvals |
| March 07, 2016 | 2008011762801r | APPEALED: Mitchell H. Fillet | Disciplinary Decision |
| February 18, 2016 | FPI150009 | Gary James Lundgren | Expedited Decision, Non-Summary Proceeding |
| December 29, 2015 | 2011029619301 | APPEALED: Kenny Akindemowo | Disciplinary Decision |
| December 22, 2015 | 2010025350001 | Roric E. Griffith | Disciplinary Decision |
| December 17, 2015 | 20110273503 | Richard A. McGuire | Disciplinary Decision |
| December 17, 2015 | 2010025181001 | APPEALED: John Vincent Ballard | Disciplinary Decision |
| December 17, 2015 | 2010024889501 | William B. Fretz, Jr, John P. Freeman and The Keystone Equities Group, LP | Disciplinary Decision |
| October 05, 2015 | 2009017899801 | APPEALED: Rani T. Jarkas | Disciplinary Decision |
| September 29, 2015 | SD-2029 | Bret M. Shapiro with Dawson James Securities, Inc. | Statutory Disqualification, Denials |
| September 25, 2015 | 2012032950101 | APPEALED: Joseph R. Butler | Disciplinary Decision |
| September 25, 2015 | 2012034211301 | APPEALED: Fuad Ahmed | Disciplinary Decision |
| July 28, 2015 | 2009016159102 | Warren Forest | Disciplinary Decision |
| July 27, 2015 | 2011027993301 | APPEALED: Michael Earl McCune | Disciplinary Decision |
| July 23, 2015 | 2009016317701 | James E. Rooney, Jr. | Disciplinary Decision |
| July 16, 2015 | 2012032997201 | APPEALED: Stephen Grivas | Disciplinary Decision |
| May 06, 2015 | 2009016317701 | The Dratel Group, Inc. and William M. Dratel | Disciplinary Decision |
| May 04, 2015 | M00010006 | APPEALED: In the Matter of the New Membership Application Firm X | Membership Decision, Redacted Decision |
| April 30, 2015 | SD-1960 | Scott Mathis with DPEC, Inc. | Statutory Disqualification, Approvals |
| April 29, 2015 | 2009017195204 | Merrimac Corporate Securities, Inc. | Disciplinary Decision |