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.
September 14, 2018 2014039775501 James Randall Clay Disciplinary Decision
September 10, 2018 FPI180002 APPEALED: TMR Bayhead Securities Disciplinary Decision
August 28, 2018 2017054146302 Matthew E. Eckstein Disciplinary Decision - Default
August 27, 2018 2016051652702 J. Gordon, Jr. Cloutier Disciplinary Decision - Default
August 24, 2018 2016049775701 David JC Bolton Disciplinary Decision - Default
August 22, 2018 2016050212201 David A. Clark Disciplinary Decision - Default
August 07, 2018 2016050924601 APPEALED: Bradley C. Reifler Disciplinary Decision
August 01, 2018 2016050025401 Order Granting Motion for Leave to File Second Amended Complaint Disciplinary Order 18-14
July 17, 2018 2016050025401 Order Granting, in Part, and Denying, in Part, Respondent’s Motion for a More Definite Statement Disciplinary Order 18-19
July 16, 2018 2015047154001 Kris Lynn Lewis Redacted Decision
July 16, 2018 2015047069701 Leslie George Markus Disciplinary Decision
July 05, 2018 2015046631101 APPEALED: Robert R Tweed Disciplinary Decision
July 05, 2018 2015048362402 APPEALED: John Anthony Vedovino Disciplinary Decision
July 02, 2018 2016049202101 Shakela Carter Disciplinary Decision - Default
June 27, 2018 2016050951801 Melanie A. Melton Disciplinary Decision - Default
June 18, 2018 2016047565702 APPEALED: Bruce Martin Zipper and Dakota Securities International, Inc. Disciplinary Decision
June 14, 2018 2014039174202 APPEALED: Steven E. Larson Disciplinary Decision
June 13, 2018 2016049085401 APPEALED: Robert Charles McNamara Disciplinary Decision
June 12, 2018 2014043863001 Order Requiring the Department of Enforcement to File a Sworn Declaration Disciplinary Order 18-18
June 08, 2018 2016050447102 Robert Flanagan Disciplinary Decision - Default
June 01, 2018 2016049420501 Ellen Vratoric Disciplinary Decision - Default
May 03, 2018 2014039775501 Order Regarding Enforcement’s Motion to Strike Respondent’s Witnesses and Exhibits and Respondent’s Motion to Strike Enforcement Exhibits Disciplinary Order 18-09
May 03, 2018 2014039775501 Order Granting Enforcement’s Motion Regarding Sequestration of Witnesses Disciplinary Order 18-08
May 02, 2018 2014041860801 Omnibus Order on Pre-Hearing Motions Disciplinary Order 18-07
April 30, 2018 201404186800 APPEALED: Dennis A. Mehringer, Jr. Disciplinary Decision