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Administrative Law Judges: Comparison of SEC and CFTC Programs

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Report Type Reports and Testimonies
Report Date Nov. 14, 1995
Report No. GGD-96-27
Subject
Summary:

Generally, Administrative Law Judges (ALJ) at the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) serve as hearing officers in cases involving violations of securities and futures laws. In response to press reports that CFTC routinely reversed or scaled back penalties imposed by its ALJs, this report compares the ALJ programs at the two agencies, including case-processing times and the results of appeals of ALJ decisions. GAO also provides information on budgets, staffing, and caseload statistics for both agencies' ALJ operations.

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