Not sure if it's because of a dearth of commissioners, because there's apparently a global financial crisis going on, or because of those Sudan divestment safe harbor regs, but the SEC, by its own account, is taking twice as long to rule on appeals from ALJ and SRO adjudications than it did a year ago. Check out these charts (and, as Gordon and I were just lamenting to one another, if it was a bit easier to take pdf pix and put them in Typepad, we'd reproduce them on this page all nice and pretty for you). Anyway, the median age of pending appeals from ALJs is 419 days, up from 210 in the prior semi-year, while the median age of pending appeals from SROs is 325 up from 284. All this while the number of pending appeals has increased only slightly or stayed flat.
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