Commission Opinions and Adjudicatory Orders

The Commission recently amended its Rules of Practice to include new electronic filing requirements.

The list below provides links to opinions and orders issued by the Commission adjudicating either appeals from initial ALJ decisions or disciplinary or adverse action taken by self-regulatory organizations (such as FINRA) or motions in connection with these proceedings.

Opinions and Adjudicatory Orders RSS Feed


Date Sort ascending	Respondents
Dec. 21, 2015	Guy Andrew Williams (Order Modifying Sanctions and Notice That Initial Decision, as Modified, Has Become Final) Release No. IA-4297 File Number: 3-16336
Dec. 21, 2015	Duane Hamblin Slade (Order Modifying Sanctions and Notice That Initial Decision, as Modified, Has Become Final) Release No. IA-4298 File Number: 3-16335
Dec. 21, 2015	The Application of Dawson James Securities, Inc. for Review of Action Taken by FINRA (Order Granting Request to Withdraw Application and Dismiss Review Proceeding) Release No. 34-76721 File Number: 3-16933
Dec. 21, 2015	Phillip Dennis Murphy (Order Vacating Nationally Recognized Statistical Rating Organization and Municipal Advisor Bars) Release No. 34-76702, IA-4296 File Number: 3-16294
Dec. 18, 2015	ZPR Investment Management, Inc., and Max E. Zavanelli (Order Granting Motion to Submit Supplemental Brief) Release No. IA-4294 File Number: 3-15263
Dec. 18, 2015	Arrin Corporation, et al. (Order Directing the Filing of Briefs) Release No. 34-76698 File Number: 3-16678
Dec. 10, 2015	Joseph C. Ruggieri (Order Denying Motion for Summary Affirmance, Granting Petitions for Review, and Scheduling Briefs) Release No. 33-9985, 34-76614 File Number: 3-16178
Dec. 8, 2015	Laurie Bebo (Order Granting Petition for Review and Scheduling Briefs) Release No. 34-76592 File Number: 3-16293
Dec. 4, 2015	Keilen Dimone Wiley (Opinion of the Commission) Release No. 34-76558 File Number: 3-16461
Dec. 4, 2015	Rani T. Jarkas (Order Scheduling Briefs) Release No. 34-76559 File Number: 3-16948
Dec. 2, 2015	ZPR Investment Management, Inc., and Max E. Zavanelli (Order Denying Stay in Light of Pending Reconsideration Motion) Release No. IA-4286 File Number: 3-15263
Nov. 24, 2015	Michael S. Steinberg (Order Dismissing Proceeding) Release No. IA-4281 File Number: 3-15925
Nov. 24, 2015	The Application of Joseph R. Butler for Review of Disciplinary Action Taken by FINRA (Order Scheduling Briefs) Release No. 34-76516 File Number: 3-16912
Nov. 24, 2015	The Application of Dawson James Securities, Inc. for Review of Action Taken by FINRA (Order Scheduling Briefs) Release No. 34-76517 File Number: 3-16933
Nov. 20, 2015	Jacob Keith Cooper (Order Directing the Filing of Briefs) Release No. 33-9979, 34-76502, IA-4275, IC-31908 File Number: 3-15842
Nov. 19, 2015	The Application of Fuad Ahmed, Success Trade Securities, Inc. for Review of Action Taken by FINRA (Corrected Order Scheduling Briefs) Release No. 34-76481 File Number: 3-16900
Nov. 17, 2015	The Application of Autochina International Limited, a/k/a Fincera, Inc. for Review of Action Taken by FINRA (Order Scheduling Briefs) Release No. 34-76460 File Number: 3-16913
Nov. 17, 2015	The Application of Fuad Ahmed for Review of Action Taken by FINRA (Order Scheduling Briefs) Release No. 34-76461 File Number: 3-16900
Nov. 13, 2015	The Application of Dawson James Securities, Inc. for Review of Action Taken by FINRA (Order Denying Stay) Release No. 34-76440 File Number: 3-16933
Nov. 5, 2015	The Application of Alfred P. Reeves, III for Review of Disciplinary Action Taken by FINRA (Opinion of the Commission) Release No. 34-76376 File Number: 3-16264
Nov. 4, 2015	Diane Dalmy, Esq. (Order Granting Petition for Review and Scheduling Briefs) Release No. 33-9977 File Number: 3-16339
Oct. 30, 2015	ZPR Investment Management, Inc., and Max E. Zavanelli (Opinion of the Commission) Release No. IA-4249 File Number: 3-15263
Oct. 30, 2015	J.S. Oliver Capital Management, L.P. and Ian O. Mausner (Order Granting Motion to Submit Supplemental Briefing) Release No. 33-9975, 34-76325, IA-4250, IC-31888 File Number: 3-15446
Oct. 29, 2015	The Application of Bering Strait Securities, Inc. for Review of Action Taken by FINRA (Opinion: Registered Securities Association — Review of Denial of Membership Application) Release No. 34-76307 File Number: 3-16262
Oct. 29, 2015	David F. Bandimere (Opinion of the Commission) Release No. 33-9972, 34-76308 File Number: 3-15124
Oct. 26, 2015	Kabani & Company, Inc., et al. (Order Denying Motion for a Protective Order) Release No. 34-76266 File Number: 3-16518
Oct. 26, 2015	Natural Blue Resources, Inc., James E. Cohen and Joseph A. Corazzi (Order Granting Petition for Review and Scheduling Briefs) Release No. 33-9966, 34-76271 File Number: 3-15974
Oct. 22, 2015	Raymond J. Lucia Companies, Inc. and Raymond J. Lucia, Sr. (Partial Stay Order) Release No. 34-76241, IA-4239, IC-31880 File Number: 3-15006
Oct. 8, 2015	Paul Edward "Ed" Lloyd, Jr., CPA (Corrected Order Granting Petition for Review and Scheduling Briefs) Release No. IA-4222 File Number: 3-16182
Oct. 8, 2015	Sands Brothers Asset Management, LLC, et al. (Order Denying Interlocutory Review) Release No. 34-76119 File Number: 3-16223
Oct. 8, 2015	John M.E. Saad (Opinion of the Commission) Release No. 34-76118 File Number: 3-13678r
Oct. 7, 2015	John J. Aesoph, CPA, and Darren M. Bennett, CPA (Order Granting Motion to Submit Supplemental Briefing) Release No. 34-76097 File Number: 3-15168
Oct. 1, 2015	Reliance Financial Advisors, LLC, et al. (Order Granting Extension) Release No. 33-9958, 34-76067, IA-4214, IC-31857 File Number: 3-16311
Sept. 30, 2015	Ruby Creek Resources, Inc. (Order Dismissing Proceeding) Release No. 34-76060 File Number: 3-16545
Sept. 29, 2015	Michael Nicholas Romano (Opinion of the Commission) Release No. 34-76011 File Number: 3-15978
Sept. 28, 2015	Paul Edward "Ed" Lloyd, Jr., CPA (Order Granting Petition for Review and Scheduling Briefs) Release No. IA-4211 File Number: 3-16182
Sept. 28, 2015	James Doug Scott (Notice That Initial Decision Has Become Final) Release No. 34-76001, IC-31852 File Number: 3-16175
Sept. 24, 2015	Nicholas Rowe (Order Denying Motion for Summary Affirmance and Remanding for Additional Proceedings) Release No. 34-75982 File Number: 3-16155
Sept. 24, 2015	Blair C. Mielke and Frederick W. Shultz (Opinion of the Commission) Release No. 34-75981 File Number: 3-16022
Sept. 22, 2015	Stephen Grivas (Order Scheduling Briefs) Release No. 34-75965 File Number: 3-16756
Sept. 22, 2015	Michael Earl McCune (Order Scheduling Briefs) Release No. 34-75964 File Number: 3-16768
Sept. 22, 2015	Frank H. Chiappone, et al. (Order Granting Extension) Release No. 33-9923, 34-75960, IA-4205, IC-31836 File Number: 3-15514
Sept. 21, 2015	David R. Wulf (Order Granting Petition for Review and Scheduling Briefs) Release No. 34-75956, IA-4202 File Number: 3-16374
Sept. 17, 2015	Timbervest, LLC, et al. (Opinion of the Commission) Release No. IA-4197, IC-31830 See Also: Order Staying Remedial Sanctions File Number: 3-15519
Sept. 15, 2015	Timbervest, LLC, et al. (Order Accepting Material for Inclusion in the Record) Release No. IA-4195, IC-31825 File Number: 3-15519
Sept. 15, 2015	Moshe Marc Cohen (Order Requesting Additional Submissions) Release No. 33-9912, 34-75922, IA-4194, IC-31824 File Number: 3-15790
Sept. 10, 2015	Michael H. Johnson (Order Denying Motion to Modify Settled Bar Order) Release No. 34-75894, IC-31818 File Number: 3-15874
Sept. 10, 2015	Matthew D. Sample (Opinion of the Commission) Release No. 34-75893, IA-4193 File Number: 3-15850
Sept. 9, 2015	WD Clearing, LLC, et al. (Order Dismissing Application for Review) Release No. 34-75868 File Number: 3-16209
Sept. 4, 2015	Thomas D. Melvin, CPA (Opinion of the Commission) Release No. 34-75844, AAER-3682 File Number: 3-15659
Sept. 4, 2015	Accredited Business Consolidators Corporation (Opinion of the Commission) Release No. 34-75840 File Number: 3-15993
Sept. 3, 2015	Raymond J. Lucia Companies, Inc. and Raymond J. Lucia, Sr. (Opinion of the Commission) Release No. 34-75837, IA-4190, IC-31806 See Also: Dissenting Opinion of Commissioner Gallagher and Commissioner Piwowar File Number: 3-15006
Sept. 3, 2015	The Application of Anthony A. Grey for Review of Disciplinary Action Taken by FINRA (Opinion of the Commission) Release No. 34-75839 File Number: 3-16230
Sept. 3, 2015	Denise M. Olson (in the Matter of the Application Of Denise M. Olson) Release No. 34-75838 File Number: 3-15916
Sept. 2, 2015	The Application of Electronic Transaction Clearing, Inc., et al. (Order Denying Request for Oral Argument) Release No. 34-75822 File Number: 3-16285
Sept. 2, 2015	James S. Tagliaferri (Order Granting Motion to Amend Order Instituting Proceedings) Release No. 34-75820, IA-4187, IC-31804 File Number: 3-15215
Sept. 2, 2015	Luminary Acquisition Corp. (Order Dismissing Untimely Petition for Review) Release No. 34-75818 File Number: 3-16502
Aug. 28, 2015	Myriad Interactive Media, Inc. (Opinion of the Commission) Release No. 34-75791 File Number: 3-16317
Aug. 28, 2015	Immunotech Laboratories, Inc. (Opinion of the Commission) Release No. 34-75790 File Number: 3-16321
Aug. 27, 2015	Bravo Enterprises Ltd. and Jacyln Cruz (Suspension of Trading) Release No. 34-75775 File Number: 3-16292
Aug. 27, 2015	Curtis Steven Culver (Order Granting Motion to Dismiss Application for Review) Release No. 34-75774 File Number: 3-16555
Aug. 26, 2015	Timbervest, LLC, et al. (Order for In Camera Review and Protective Order) Release No. IA-4183, IC-31787 File Number: 3-15519
Aug. 26, 2015	RKO Resources, Inc. (a/k/a Shamika 2 Gold, Inc.) (Order Remanding Case for Further Proceedings) Release No. 34-75765 File Number: 3-16525
Aug. 19, 2015	Sand Brothers Asset Management, LLC; Steven Sands; Martin Sands; and Christopher Kelly (Order Granting Extension) Release No. IA-4180, IA-3960 File Number: 3-16223
Aug. 14, 2015	Darren M. Smith (Order Granting Motion to Dismiss Application for Review) Release No. 34-75705 File Number: 3-16434
Aug. 12, 2015	The Robare Group, Ltd., et al. (Order Denying Motion for Summary Affirmance, Granting Petition for Review, and Scheduling Briefs) Release No. 34-75686, IA-4168, IC-31750 File Number: 3-16047
Aug. 11, 2015	Timbervest, LLC, et al. (Order Requesting Additional Briefing) Release No. IA-4166, IC-31749 File Number: 3-15519
Aug. 7, 2015	David F. Bandimere (Order Granting Motion for Submission of Additional Evidence and Permitting Supplemental Briefing) Release No. 33-9883, 34-75651 File Number: 3-15124
Aug. 5, 2015	Edgar R. Page and Pageone Financial Inc. (Order Granting Review and Scheduling Briefs) Release No. IA-4157, IC-31739 File Number: 3-16037
Aug. 5, 2015	John M.E. Saad (Order Denying Request for Oral Argument) Release No. 34-75617 File Number: 3-13678r
Aug. 5, 2015	Brookstone Securities, Inc., et al. (Order Granting Request to Withdraw Application and Dismiss Review Proceeding) Release No. 34-75615 File Number: 3-16551
Aug. 3, 2015	John Thomas Capital Management Group LLC d/b/a Patriot28 LLC and George R. Jarkesy, Jr (Order Granting in Part and Deferring in Part Motion to Adduce Additional Evidence and Requesting Additional Briefing) Release No. 33-9875, 34-75590, IA-4153, IC-31736 File Number: 3-15255
July 31, 2015	optionsXpress, Inc. and Jonathan I. Feldman (Order Directing Additional Briefing) Release No. 33-9873, 34-75579, IC-31731 File Number: 3-14848
July 30, 2015	Michael Albert Dipietro (Order Scheduling Briefs) Release No. 34-75571 File Number: 3-16658
July 27, 2015	David Kristian Evansen (Opinion of the Commission) Release No. 34-75531 File Number: 3-15964
July 22, 2015	Luminary Acquisition Corp. (Order Directing the Filing of Briefs) Release No. 34-75502 File Number: 3-16502
July 9, 2015	Ramcon Financial LLC (Order Scheduling Briefs) Release No. 34-75405 File Number: 3-16577
July 1, 2015	Brookstone Securities, Inc., et al. (Order Scheduling Briefs) Release No. 34-75351 File Number: 3-16551
June 23, 2015	Green Courte Real Estate Partners III, LLC (Order Granting Request to Withdraw Application and Dismissing Review Proceeding) Release No. 34-75269 File Number: 3-16362
June 22, 2015	Raymond J. Lucia Companies, Inc. and Raymond J. Lucia, Sr. (Order Granting Motion to Postpone Oral Argument and Permit Additional Briefing) Release No. 34-75262, IA-4125, IC-31685 File Number: 3-15006
June 15, 2015	Raymond J. Lucia Companies, Inc. and Raymond J. Lucia, Sr. (Order Regarding Motion to Stay Appeal and for Leave to Submit Additional Briefing) Release No. IA-4117, IC-31671 File Number: 3-15006
June 12, 2015	Atlantis Internet Group Corporation (Opinion of the Commission) Release No. 34-75168 File Number: 3-15432
June 11, 2015	Atlantis Internet Group Corporation (Order Denying Request for Oral Argument) Release No. 34-75162, 34-70620, 34-70706 File Number: 3-15432
June 11, 2015	John Cherry III (Order Granting Request to Withdraw Application and Dismissing Review Proceeding) Release No. 34-75161, 34-74933 File Number: 3-16472
June 9, 2015	Lek Securities Corp. (Order Denying Permission to Exceed Length Limitation) Release No. 34-75134 File Number: 3-16424
June 9, 2015	R. Scott Peden, Esq. (Order Denying Motion to Lift Temporary Suspension and Directing Hearing) Release No. 34-75135 File Number: 3-16497
June 5, 2015	Mountain Share Transfer, LLC and Erik Sterling Nelson (Extension Order) Release No. 34-75117 File Number: 3-16378
June 5, 2015	Frank H. Chiappone, et al. (Extension and Word Limit Order) Release No. 33-9805, 34-75114, IA-4104, IC-31662 File Number: 3-15514
June 4, 2015	Timbervest, LLC, et al. (Order Concerning Additional Submission and Protective Order) Release No. IA-4103, IC-31660 File Number: 3-15519
June 3, 2015	Kabani & Company, Inc., et al. (Order Scheduling Briefs) Release No. 34-75101 File Number: 3-16518
June 3, 2015	Francis V. Lorenzo (Order Denying Lorenzo's Motion for Reconsideration) Release No. 33-9803, 34-75103 File Number: 3-15211
May 29, 2015	Mark E. Laccetti (Order Granting Leave to Adduce Additional Evidence) Release No. 34-75075 File Number: 3-16430
May 29, 2015	Michael H. Johnson (Order Directing the Filing of Opposition and Reply Briefs) Release No. 33-9797, 34-75074, IC-31656 File Number: 3-15874
May 29, 2015	Ralph Calabro, Jason Konner and Dimitrios Koutsoubos (Opinion of the Commission) Release No. 33-9798, 34-75076, IC-31657 File Number: 3-15015
May 27, 2015	Timbervest, LLC, et al. (Order Requesting Additional Submissions and Additional Briefing) Release No. IA-4096, IC-31652 File Number: 3-15519
May 27, 2015	Mitchell H. Fillet (Opinion of the Commission) Release No. 34-75054 File Number: 3-15601
May 21, 2015	Frank H. Chiappone, et al. (Order Granting Petitions for Review and Scheduling Briefs) Release No. 33-9790, 34-75027, IC-31644 File Number: 3-15514
May 18, 2015	Dennis J. Malouf (Order Granting Review and Scheduling Briefs) Release No. 33-9775, 34-74991, IA-4088, IC-31605 File Number: 3-15918
May 15, 2015	Anthony Chiasson (Order Dismissing Proceeding) Release No. IA-4085 File Number: 3-15580
May 15, 2015	Todd Newman (Order Vacating Bar) Release No. IA-4084 File Number: 3-15581

Rules & Regulations

Enforcement & Litigation

Compliance

Commission Opinions and Adjudicatory Orders

More in this Section

Breadcrumb

Commission Opinions and Adjudicatory Orders