End in-house SEC administrative proceedings
What the document says“Eliminate all administrative proceedings (APs) within the SEC except for stop orders related to defective registration statements.”
In an administrative proceeding the Commission adjudicates a case before its own administrative law judge rather than in a federal court. The part says the enforcement system does not need both routes, and offers as an alternative that respondents be allowed to elect whether adjudication occurs in the Commission's court or an ordinary court.
What the document actually says“Eliminate all administrative proceedings (APs) within the SEC except for stop orders related to defective registration statements.”
The agency hears cases in its own court. That should end.
The market watchdog can try a case in its own court. It picks the judge. The book says cases should go to a normal court.
Read against the documents indexed here on August 26, 2026, and nothing was found that answers this. No candidate touches the Securities and Exchange Commission's administrative proceedings. The nearest in kind is the Transportation Department's final rule of April 27, 2026, which reinstates procedural reforms for that department's rulemakings, guidance and enforcement, including its administrative enforcement proceedings. It changes procedure inside a different agency and eliminates no in-house adjudication, and gives no respondent a choice of forum. That is a record of a search, not a finding that nothing has happened: an act this site does not hold, or one that answers the proposal in words unlike its own, would not be caught by it.