On September 24, the U.S. Securities and Exchange Commission (the “SEC”) proposed to amend rules governing its administrative proceedings. Key changes to the SEC’s rules of practice include: adjustment of timing of the proceedings; permitting parties to take depositions of witnesses as part of discovery; and requiring parties to submit filings and serve each other electronically. The SEC will seek public comment for a period that will remain open for 60 days following each proposal’s publication in the Federal Register. Press Release.