Quote:
a party may file a petition for review of this Initial Decision within twenty-one days
after service of the Initial Decision. A party may also file a motion to correct a manifest error of
fact within ten days of the Initial Decision, pursuant to Rule 111 of the Commission’s Rules of
Practice, 17 C.F.R. § 201.111. If a motion to correct a manifest error of fact is filed by a party,
then a party shall have twenty-one days to file a petition for review from the date of the
undersigned’s order resolving such motion to correct a manifest error of fact. The Initial
Decision will not become final until the Commission enters an order of finality. The
Commission will enter an order of finality unless a party files a petition for review or a motion to
correct a manifest error of fact or the Commission determines on its own initiative to review the
Initial Decision as to a party. If any of these events occur, the Initial Decision shall not become
final as to that party
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A respondent may also file a motion to set aside a default pursuant to 17 C.F.R. § 201.155(b).
See David Mura, Exchange Act Release No. 72080, 2014 SEC LEXIS 1530 (May 2, 2014);
Alchemy Ventures, Inc., Exchange Act Release No. 70708, 2013 SEC LEXIS 3459, at *13-14 &
n.28 (Oct. 17, 2013).
CEHC
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