[Code of Federal Regulations]
[Title 17, Volume 2]
[Revised as of April 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR201.121]

[Page 149]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER II--SECURITIES AND EXCHANGE COMMISSION
 
PART 201--RULES OF PRACTICE--Table of Contents
 
                      Subpart D--Rules of Practice
 
Sec. 201.121  Separation of functions.

    Any Commission officer, employee or agent engaged in the performance 
of investigative or prosecutorial functions for the Commission in a 
proceeding as defined in Sec. 201.101(a) may not, in that proceeding or 
one that is factually related, participate or advise in the decision, or 
in Commission review of the decision pursuant to Section 557 of the 
Administrative Procedure Act, 5 U.S.C. 557, except as a witness or 
counsel in the proceeding.