17 CFR § 10.31
Parties
April 15, 2021
The parties to an adjudicatory proceeding shall include the Division of Enforcement, each respondent named in the complaint and each person permitted to intervene pursuant to §10.33 of these rules. A respondent shall cease to be a party or purposes of a pending proceeding when (a) a default order is entered against him pursuant to §10.93; or (b) the Commission accepts an offer of settlement pursuant to §10.108 of these rules.