# 17 C.F.R. § 201.120 (2026): Ex parte communications

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T17_P201_S201_120

## Section

- **Citation:** 17 C.F.R. § 201.120 (2026)
- **Heading:** Ex parte communications
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 17 CFR: Commodity and Securities Exchanges / Chapter II: SECURITIES AND EXCHANGE COMMISSION / Part 201: RULES OF PRACTICE / Subpart D: Rules of Practice / § 201.120: § 201.120   Ex parte communications.

## Text

(a) Except to the extent required for the disposition of
ex parte
matters as authorized by law, the person presiding over an evidentiary hearing may not:
(1) Consult a person or party on a fact in issue, unless on notice and opportunity for all parties to participate; or
(2) Be responsible to or subject to the supervision or direction of an employee or agent engaged in the performance of investigative or prosecuting functions for the Commission.
(b) The Commission's code of behavior regarding
ex parte
communications between persons outside the Commission and decisional employees, 17 CFR 200.110 through 200.114, governs other prohibited communications during a proceeding conducted under the Rules of Practice.

## Nearby sections

- [17 C.F.R. § 201.100 (2026) § 201.100   Scope of the rules of practice.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P201_S201_100.md)
- [17 C.F.R. § 201.101 (2026) § 201.101   Definitions.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P201_S201_101.md)
- [17 C.F.R. § 201.102 (2026) § 201.102   Appearance and practice before the Commission.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P201_S201_102.md)
- [17 C.F.R. § 201.103 (2026) § 201.103   Construction of rules.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P201_S201_103.md)
- [17 C.F.R. § 201.104 (2026) § 201.104   Business hours.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P201_S201_104.md)
- [17 C.F.R. § 201.110 (2026) § 201.110   Presiding officer.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P201_S201_110.md)
- [17 C.F.R. § 201.111 (2026) § 201.111   Hearing officer: Authority.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P201_S201_111.md)
- [17 C.F.R. § 201.112 (2026) § 201.112   Hearing officer: Disqualification and withdrawal.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P201_S201_112.md)
- [17 C.F.R. § 201.120 (2026) § 201.120   Ex parte communications.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P201_S201_120.md)
- [17 C.F.R. § 201.121 (2026) § 201.121   Separation of functions.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P201_S201_121.md)
- [17 C.F.R. § 201.140 (2026) § 201.140   Commission orders and decisions: Signature and availability.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P201_S201_140.md)
- [17 C.F.R. § 201.141 (2026) § 201.141   Orders and decisions: Service of orders instituting proceedings and other orders and decisions.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P201_S201_141.md)
- [17 C.F.R. § 201.150 (2026) § 201.150   Service of papers by parties.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P201_S201_150.md)
- [17 C.F.R. § 201.151 (2026) § 201.151   Filing of papers with the Commission: Procedure.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P201_S201_151.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T17_P201_S201_120. Check the current official text before relying on it. Not legal advice.