17 C.F.R. § 10.94 Setting aside of default.
Title 17 - Commodity and Securities Exchanges
In order to prevent injustice and on such conditions as may be appropriate, (a) the Commission may at any time set aside a default order obtained under §10.93; and (b) the Administrative Law Judge may set aside a default order obtained under §10.93 at any time prior to filing of his initial decision in a proceeding in which there are remaining respondents. Any motion to set aside a default shall be made within a reasonable time, and shall state the reasons for the failure to file or appear and specify the nature of the proposed defense in the proceeding.
Title 17: Commodity and Securities Exchanges
PART 10—RULES OF PRACTICE
Subpart G—Disposition Without Full Hearing
§ 10.94 Setting aside of default.
