The SEC must now show its hand, if it has one lol!
Nope, they don't have to do a damned thing:
The Court, having considered the grounds for setting aside the default raised by Defendant Harris and having considered the factors addressed in the Compania decision, concludes that Defendant Harris has failed to establish that good cause exists for setting aside the entry of default in this case. Accordingly, the Court hereby DENIES the motion to set aside the default.