Regulatory Alerts2015-10-05 | 2015-24707Added
Amendments to the Commission's Rules of Practice
The Securities and Exchange Commission proposes amendments to its Rules of Practice to update administrative proceeding procedures, including adjusting hearing deadlines and permitting discovery depositions. The changes modify Rule 360 to decouple initial decision timelines from the order instituting proceedings and extend the prehearing period to accommodate new discovery tools. Additionally, the Commission proposes updates to Rules 180, 221, 232, and 233 to clarify deposition limits, subpoena standards, and prehearing conference requirements.
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