Final Rule

Delegation of Authority to Chief Administrative Law Judge

Overview

The Securities and Exchange Commission ("Commission') is amending its rules to delegate authority to the Chief Administrative Law Judge to issue orders to discontinue administrative proceedings as to a particular respondent who has died or cannot be found, or because of a mistake in the identity of a respondent named in the order for proceedings. The delegation is intended to conserve Commission resources, as well as expedite disposition of administrative proceedings.

Last Reviewed or Updated: Dec. 4, 2006