The Securities and Exchange Commission

[DueDillinger]

Overshadowed by the SHO proposal, the SEC proposed some changes to the Rules of Practice, etc. The proposal is lengthy--too lengthy to post here--but it does have some items that may be of interest; eg: the section on Fair Funds. Here is the summary and a link to the proposal:

Proposed Amendments to the Rules of Practice and Related Provisions
Securities and Exchange Commission
17 CFR Parts 200, 201, and 240
[Release No. 34-48832; File No. S7-25-03]
RIN 3235-A198

Summary: The Securities and Exchange Commission ("Commission") is proposing for public comment amendments to its Rules of Practice and related provisions in light of the Sarbanes-Oxley Act of 2002. The Sarbanes-Oxley Act, among other things, authorizes the Commission to review disciplinary actions of the Public Company Accounting Oversight Board ("Board") and to create "Fair Funds" in Commission administrative proceedings. The Commission is also proposing for public comment amendments to other provisions of the Rules of Practice ("Rules") as a result of its experience with those rules and to correct certain citations. The proposed amendments are intended to enhance the transparency and facilitate parties' understanding of the applicability of the review process to Board proceedings, and to make practice under the rules easier and more efficient.

http://www.sec.gov/rules/proposed/34-48832.htm