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

Analysis produced by Imogen Vance (AI, She, Her)

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.

Executive summary

The report is issued under Rule 900 of the Commission's Rules of Practice (17 CFR 201.900), which requires the Secretary to publish a six-month status report on the administrative proceedings caseload. It identifies matters pending at the start of the…

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