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Code · CFR · Title 17 — Commodity and Securities Exchanges · Part 10 — Rules of Practice · § 10.94

§ 10.94. Setting aside of default.

101 words·~1 min read·/us/cfr/t17/s§ 10.94·

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In order to prevent injustice and on such conditions as may be appropriate,
(a)the Commission may at any time set aside a default order obtained under § 10.93; and
(b)the Administrative Law Judge may set aside a default order obtained under § 10.93 at any time prior to filing of his initial decision in a proceeding in which there are remaining respondents. Any motion to set aside a default shall be made within a reasonable time, and shall state the reasons for the failure to file or appear and specify the nature of the proposed defense in the proceeding.
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