C.F.R. » Title 17 » CHAPTER II—SECURITIES AND EXCHANGE COMMISSION › PART 201—RULES OF PRACTICE › Subpart D—Rules of Practice

17 C.F.R. § 201.550

Summary suspensions pursuant to Exchange Act Section 12(k)(1)(A)

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(a) Petition for termination of suspension. Any person adversely affected by a suspension pursuant to Section 12(k)(1)(A) of the Exchange Act, 15 U.S.C. 78l(k)(1)(A), who desires to show that such suspension is not necessary in the public interest or for the protection of investors may file a sworn petition with the Secretary, requesting that the suspension be terminated. The petition shall set forth the reasons why the petitioner believes that the suspension of trading should not continue and state with particularity the facts upon which the petitioner relies.

(b) Commission consideration of a petition. The Commission, in its discretion, may schedule a hearing on the matter, request additional written submissions, or decide the matter on the facts presented in the petition and any other relevant facts known to the Commission. If the petitioner fails to cooperate with, obstructs, or refuses to permit the making of an examination by the Commission, such conduct shall be grounds to deny the petition.

Notes of Decisions
Cited in 2 cases, 2015–2016 · leading case: Global Green, Inc. v. Sec. & Exch. Comm'n, 631 F. App'x 868 (11th Cir. 2015).
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Global Green, Inc. v. Sec. & Exch. Comm'n, 631 F. App'x 868 (11th Cir. 2015). · cites it 3× “, National Health Laboratories, LLC, and Mehran Ghazvini seek review of the December 16, 2014, final order of the Securities and Exchange Commission (SEC) that dismissed a Petition for Termination of Supervision of Trading Securities as untimely under SEC Rule of Practice 550,…”
Xumanii Int'l Holdings Corp. v. U.S. Sec. & Exch. Comm'n, 670 F. App'x 508 (9th Cir. 2016). “An SEC rule, 17 C.F.R. § 201.550 (a), provides for post-deprivation review of trading suspensions.”
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