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U. S. Securities and Exchange Commission

Securities Exchange Act of 1934
Release No. 45008 / October 31, 2001

Report on Administrative Proceedings For the Period April 1, 2001 through September 30, 2001

Rule 900 of the Commission's Rules of Practice (17 CFR 201.900) requires the Commission's Secretary to issue 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 April 1, 2001 through September 30, 2001

Matters Before the Administrative Law Judges

	4/1/2001 - 9/30/2001	10/1/2000 - 3/31/2001	4/1/2000 - 9/30/2000
Number pending at start of period	65	87	93
New matters added during period	27¹10	31
Subtotal	92	97	124
Dispositions:
Initial Decisions	11	10	10²
Other dispositions (e.g., settlements, defaults)³	21	22	27
Total pending at end of period	60	65	87
Initial Decisions:
Median age at decision (days)	743	868	736
Number issued within 10 months	2	1	3

Matters Before the Commission

	4/1/2001 - 9/30/2001	10/1/2000 - 3/31/2001	4/1/2000 - 9/30/2000
Review of ALJ Matters⁴
Number pending at start of period	32	32	28
New matters added during period	5	8	6
Subtotal	37	40	34
Dispositions:
Opinions	3	7	1
Other dispositions (e.g., dismissals)	--	1	1
Total pending at end of period	34	32	32
Opinions:
Median age at decision (days)	713	616	1343
Number issued within 11 months	1	0	0
Review of Self-Regulatory Organization Decisions⁵
Number pending at start of period	25	27	26
New matters added during period	10	13	13
Subtotal	35	40	39
Dispositions:
Opinions	8	11	6
Other dispositions (e.g., dismissals, remands)	3	4	6
Total pending at end of period	24	25	27
Opinions:
Median age at decision (days)	588	391	530
Number decided within 11 months	2	3	0
Miscellaneous Matters
Interlocutory Motions:
Number pending at start of period	1	1	1
Number filed during period	0	0	0
Number decided during period	0	0	0
Total pending at end of period	1	1	1
Median age at decision (days)	--	--	--
Number decided within 45 days	--	--	--
Stay Requests:
Number pending at start of period	0	1	1
Number filed during period	3	5	13
Number decided during period	3	5	14
Total pending at end of period	0	0	0
Median age at decision (days)	1	8	1
Number decided within guidelines⁶	3	3	11

Footnotes

¹ Of this number, 25 were orders instituting proceedings. The number of orders instituting proceedings issued during this six-month period by month are: 4/01:2, 5/01:3, 6/01:4, 7/01:2, 8/01:1, 9/01:13.
² One additional initial decision this period 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 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/aps103101.htm