---
kind: "section"
citation: "17 C.F.R. § 38.708"
title: "17"
number: "38.708"
heading: "Decisions."
url: "https://uscodex.org/cfr/17/38.708"
---

# §38.708. Decisions.


Promptly following a hearing conducted in accordance with [§ 38.707](/cfr/17/38.707.md) of this part, the disciplinary panel must render a written decision based upon the weight of the evidence contained in the record of the proceeding and must provide a copy to the respondent. The decision must include:

- (a) The notice of charges or a summary of the charges;
- (b) The answer, if any, or a summary of the answer;
- (c) A summary of the evidence produced at the hearing or, where appropriate, incorporation by reference of the investigation report;
- (d) A statement of findings and conclusions with respect to each charge, and a complete explanation of the evidentiary and other basis for such findings and conclusions with respect to each charge;
- (e) An indication of each specific rule that the respondent was found to have violated; and
- (f) A declaration of all sanctions imposed against the respondent, including the basis for such sanctions and the effective date of such sanctions.

## Notes

### Source

Source: 77 FR 36700, June 19, 2012, unless otherwise noted.

### Authority

Authority: 7 U.S.C. 1a, 2, 6, 6a, 6c, 6d, 6e, 6f, 6g, 6i, 6j, 6k, 6l, 6m, 6n, 7, 7a-2, 7b, 7b-1, 7b-3, 8, 9, 15, and 21, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act, Pub. L. 111-203, 124 Stat. 1376.

### Source

Source: 66 FR 42277, Aug. 10, 2001, unless otherwise noted.