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.
June 14, 2019 2016048393501 Order Denying in Part and Granting in Part Respondents’ Motion to Compel Production of Metadata Disciplinary Order 19-20
June 14, 2019 2015047005801 APPEALED: Brian Colin Doherty Disciplinary Decision
June 05, 2019 2017053428201 APPEALED: DreamFunded Marketplace, LLC and Manuel Fernandez Disciplinary Decision
June 04, 2019 2016050137503 Order Denying Respondents’ Motion for More Definite Statement Disciplinary Order 19-19
May 28, 2019 2016048912703 Windsor Street Capital, et al. Disciplinary Decision - Default
May 14, 2019 2017053382401 Order on Enforcement’s Objections to Respondents’ Proposed Witness List and Exhibits and Motion in Limine Disciplinary Order 19-17
May 13, 2019 2017056071301 Stephen C. Carver Disciplinary Decision - Default
May 08, 2019 2016050938301 APPEALED: Michael J. Clarke Disciplinary Decision
May 07, 2019 2016051493704 Order on Respondent’s Motion Pursuant to Rule 9253 Disciplinary Order 19-16
May 03, 2019 FPI190001, FPI190002 Order Denying Respondents’ Motion to Conduct Hearing in Person, Regulatory Operations v. Alpine and Scotsdale Expedited Order EXP19-02
May 02, 2019 2015045312501 Order Granting Parties’ Motions for Leave to Permit Expert Testimony Disciplinary Order 19-15
April 23, 2019 2015045312501 Order Directing Parties to Meet and Confer Disciplinary Order 19-14
April 11, 2019 2016050025401 Frederick David Holloway Disciplinary Decision
April 05, 2019 2016049565901 APPEALED: Glendale Securities, Inc., George Alberto Castillo, Paul Eric Flesche, Albert Raymond Laubenstein, Jose Miguel Abadin, and Huanwei Huang Disciplinary Decision
April 05, 2019 2016050137503 Order Regarding Respondents’ Motion For Extension Of Time To Answer Disciplinary Order 19-13
April 01, 2019 2016048393501 Order Granting Motion for Leave to File First Amended Complaint and Index to the First Amended Complaint Disciplinary Order 19-12
March 28, 2019 2016052503101 Order Denying Respondent’s Motion for Summary Disposition Disciplinary Order 19-11
March 13, 2019 2016052503101 Order Granting in Part and Denying in Part Respondent’s Rule 9252 Request Disciplinary Order 19-10
March 13, 2019 2017052760001 Order Regarding Pre-Hearing Submissions Disciplinary Order 19-09
March 12, 2019 2018058866401 Tyler J. Woodward Disciplinary Decision - Default
March 05, 2019 2013035345701 APPEALED: Titan Securities, Brad Brooks and Richard Demetriou Disciplinary Decision
March 04, 2019 2016050883001 Notice of Receipt of Answer and Order Setting Initial Pre-Hearing Conference Disciplinary Order 19-08
March 04, 2019 2016050883001 Protective Order Governing Personal Confidential Information Disciplinary Order 19-07
March 01, 2019 2016051493704 Order Granting in Part Enforcement’s Motion for Rule-Compliant Answer Disciplinary Order 19-05
February 28, 2019 2016048393501 Notice of Receipt of Answer and Order Setting Initial Pre-Hearing Conference and Requiring Certificate of Compliance with FINRA Rule 9910 Disciplinary Order 19-04