This scheme covers a wide array of cases adjudicated by the SEC's Office of Administrative Law Judges. Most administrative enforcement proceedings are conducted within the Office of Administrative Law Judges.

Note: The Securities and Exchange Commission did not participate in this survey. The information included in this database was derived from publicly available sources.

Adjudication Levels: 
LevelName of OfficeAre administrative appeals permitted from final decisions at this stage?
Hearing Level
Yes (All Types of Cases)
Appeal Level 1
Comments/Notes on Adjudication Structure: 
This scheme concerns a wide variety of cases that are initially adjudicated by the Office of Administrative Law Judges. The cases in this scheme are first heard by an Administrative Law Judge (ALJ). After hearing a case, the ALJ renders an initial decision that is appealable by either party to the Commission. The Commission has the right to review any decision on its own initiative without regard for whether an appeal was filed.
Types of Adjudication: 
Type B
Verified by Agency: 
Not verified
Is this a Major Adjudication: