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.
June 18, 2015	2014040182902	Christopher L. Anderson	Disciplinary Decision - Default
June 16, 2015	2011025851501	APPEALED: KCD Financial, Inc. Related Documents	Disciplinary Decision
June 09, 2015	2012034946901	Nicholas P. Vargas	Disciplinary Decision - Default
June 08, 2015	ARB140066	Michael Albert DiPietro	Expedited Decision, Rule 9550 Expedited Decisions
June 05, 2015	20140407790-01	Richard Francis Kenny, Jr.	Disciplinary Decision
June 04, 2015	2011025444501	Order Denying Respondent's Motion to Strike Portions of Enforcement's Post-Hearing Appendix Related Documents	Disciplinary Order	15-10
May 21, 2015	2012032519101	APPEALED: Robert Earl Holaday Related Documents	Disciplinary Decision
May 18, 2015	20110279263-01	APPEALED: Matthew Joseph Sheerin	Disciplinary Decision
May 18, 2015	2012033520801	Bradley Claus	Disciplinary Decision - Default
May 13, 2015	2014040906601	Philip L. Grasso	Disciplinary Decision - Default
May 04, 2015	2009016159110	Anthony Spagnolo, III	Disciplinary Decision
May 04, 2015	2009016159110	Pellicano Menendez, et al.	Disciplinary Decision - Default
May 04, 2015	2012034939302	Michael John Dell’Olio	Disciplinary Decision - Default
May 04, 2015	2013038196601	Lee W. Waller	Disciplinary Decision - Default
May 04, 2015	2009016159111	Brian Sanders	Disciplinary Decision
April 28, 2015	2013037336401	Ryan L. Rayford	Disciplinary Decision - Default
April 28, 2015	2012033351801	; CALLED FOR REVIEW: Paolo Franca Iida Related Documents	Disciplinary Decision
April 15, 2015	2012035107701	Jeffrey W. Weaver	Disciplinary Decision - Default
April 14, 2015	2013038544601	Sumner James Starbird	Disciplinary Decision - Default
April 08, 2015	2011025622001	Order Denying Respondent's Motion for Leave to Permit Expert Testimony	Disciplinary Order	15-08
April 08, 2015	2010024522103	Order Denying Motion Pursuant to FINRA Rule 9234	Disciplinary Order	15-09
April 02, 2015	2013036217601	Order Granting In Part and Denying In Part Enforcement’s Motion for Partial Summary Disposition	Disciplinary Order	15-07
April 02, 2015	2012034045101	Charles H. Melvin, Jr.	Disciplinary Decision
April 01, 2015	2014040234701	Jon L. Cox	Disciplinary Decision - Default
March 31, 2015	2011027666902	APPEALED: Merrimac Corporate Securities, Inc. and Robert Nash Related Documents	Disciplinary Decision