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SECU Securities and Exchange Commission Source document ↗
United States Securities and Exchange Commission Conduct & Consumer ✓ 13 claims 30 Oct 2026

SEC caseload report puts median age of Commission decisions at 1,147 days

The SEC's Secretary has issued the statutory six-month status report on the agency's administrative proceedings caseload for the period to September 30, 2026. It sets out matters pending, instituted and disposed of before the administrative law judges and the Commission, together with the median age of decisions and how many met Rule 900 timing guidelines. The numbers show a sharp rise in new Commission matters and multi-year median decision times.

  • The Commission disposed of 57 matters during the period, including 51 opinions, and had 88 pending at the end.
  • Median age at decision for Commission matters was 1147 days, against 1246 and 260 in the prior two periods.
  • Before the administrative law judges, one matter was pending at the start, none were added, and the single matter was disposed of, leaving none pending.
  • For SRO matters the Commission decided 10, of which 2 were decided within Rule 900 guidelines, with a median age at decision of 726 days.
  • Seven stay motions were filed and five decided, with a median age at decision of 32 days.
Source document
SECU Securities and Exchange Commission Source document ↗
United States Securities and Exchange Commission Conduct & Consumer ✓ 16 claims 28 Oct 2026

Nasdaq to publish all disciplinary complaints and drop $10,000 fine threshold

Nasdaq has filed an immediately effective rule change expanding public disclosure of its disciplinary process. The amendment, operative November 14, 2026, replaces summaries with full document publication and removes the monetary threshold that previously shielded smaller fines from release. Compliance teams tracking member exam outcomes should note the broadened scope.

  • The rule change was filed October 15, 2026 and becomes operative November 14, 2026.
  • The $10,000 monetary threshold below which Nasdaq previously withheld disciplinary decisions is eliminated entirely.
  • Nasdaq will publish full copies of disciplinary complaints and decisions rather than summaries, mooting the prior practice of releasing information about such documents.
  • Proposed IM-8310-3(a)(1) defines disciplinary complaint to include notices issued under Rules 9400 and 9810, a scope broader than FINRA's or NYSE's equivalent rules.
  • The rule adds public release of eligibility decisions involving members or associated persons previously subject to statutory disqualification.
Source document