U. S. Securities and Exchange Commission

Securities Exchange Act Release No. 44232 / April 30, 2001

Report on Administrative Proceedings
For the Period October 1, 2000 through March 31, 2001

Rule 900 of the Commission's Rules of Practice (17 CFR 201.900) requires the Commission's Office of the Secretary to publish in the SEC Docket each October and April a status report on the Commission's administrative proceedings caseload.

The report identifies the number of matters pending before the administrative law judges and the Commission at the beginning of the six-month period; the number of matters instituted, filed, and disposed of during the period; and the number pending at the end of the period. For each category of decision, the report shows the median age of the matters at the time of decision and the number of matters decided within the guidelines in Rule 900 for the timely completion of adjudicatory proceedings. Finally, the report includes comparison figures from the previous two six-month periods.

Report on Administrative Proceedings
for the Period October 1, 2000 through March 31, 2001

Matters Before the Administrative Law Judges

	10/1/2000 - 3/31/2001	4/1/2000 - 9/30/2000	10/1/1999 - 3/31/2000
Number pending at start of period	87	93	116
New matters added during period	10 1	31	10
Subtotal	97	124	126
Dispositions:
Initial Decisions	10	102	11
Other dispositions (e.g., settlements, defaults)3	22	27	22
Total pending at end of period	65	87	93
Initial Decisions:
Median age at decision (days)	868	736	489
Number issued within 10 months	1	3	1

Matters Before the Commission

	10/1/2000 - 3/31/2001	4/1/2000 - 9/30/2000	10/1/1999 - 3/31/2000
Review of ALJ Matters4
Number pending at start of period	32	28	22
New matters added during period	8	6	9
Subtotal	40	34	31
Dispositions:
Opinions	7	1	3
Other dispositions (e.g., dismissals)	1	1	0
Total pending at end of period	32	32	28
Opinions:
Median age at decision (days)	616	1343	593
Number decided within 11 months	0	0	0

	10/1/2000 - 3/31/2001	4/1/2000 - 9/30/2000	10/1/1999 - 3/31/2000
Review of Self-Regulatory Organization Decisions5
Number pending at start of period	27	26	29
New matters added during period	13	13	12
Subtotal	40	39	41
Dispositions:
Opinions	11	6	7
Other dispositions (e.g., dismissals, remands)	4	6	8
Total pending at end of period	25	27	26
Opinions:
Median age at decision (days)	391	530	447
Number decided within 11 months	3	0	2

Miscellaneous Matters

Footnotes

¹ Of this number, all were orders instituting proceedings. The number of orders instituting proceedings issued during this six-month
period by month are: 10/00:3, 11/00:1, 12/00:3, 1/01:0, 2/01:1, 3/01:2.

² There was one additional initial decision this period that did not dispose of the entire case.

³ Includes all proceedings disposed of other than by an initial decision, including default orders that dispose of the entire proceeding.

⁴ May include review of initial decisions, review of other non-interlocutory ALJ matters, and matters on remand from the
Courts of Appeals.

⁵ May include matters filed pursuant to Section 11A of the Securities Exchange Act of 1934.

⁶ Includes a stay request received in prior period but not included in the report covering the prior period.

⁷ Guideline is either five days or 45 days depending on the effective date of the order requested to be stayed.

http://www.sec.gov/news/studies/aps042001.htm