SEC Denies Adam Strege Motion for Reconsideration

UNITED STATES OF AMERICA before the SECURITIES AND EXCHANGE COMMISSION SECURITIES EXCHANGE ACT OF 1934 Release No. 105234 / April 14, 2026 Admin. Proc. File No. 3-22365 In the Matter of the Application of ADAM STREGE For Review of Action Taken by FINRA ORDER DENYING MOTION FOR RECONSIDERATION Adam Strege seeks reconsideration of the Commission's December 23, 2025, opinion and order dismissing his appeal of FINRA action. Motions for reconsideration are governed by 1 Rule of Practice 470, and reconsideration is an "extraordinary remedy designed to correct 2 manifest errors of law or fact, or to permit the presentation of newly discovered evidence; motions may not simply reiterate arguments previously made." 3 We deny Strege's motion for reconsideration because the motion contains no discernable basis for revisiting the opinion's conclusions. Even affording Strege's pro se filing a liberal construction, we have identified nothing in the motion that could be construed as an argument in 4 favor of reconsideration. We also deny Strege's motion for reconsideration on the separate and independent ground that, at 62 pages and approximately 19,000 words, it exceeds the length limitations specified in our Rules of Practice. 5

Adam Strege, Exchange Act Release No. 104500, 2025 WL 3757894 (Dec. 23, 2025). 1 17 C.F.R. § 201.470. 2 Bruce M. Zipper, Exchange Act Release No. 84324, 2018 WL 4692884, at *3 (Oct. 1, 3

1. (cleaned up). See, e.g., Lam Secs. Invs., Inc., Exchange Act Release No. 98671, 2023 WL 6389861, at 4 *1 n.2 (Oct. 2, 2023) (liberally construing filing to be an application for review). See Rule of Practice 470(b), 17 C.F.R. § 201.470(b) (specifying that motions for 5 reconsideration must conform to the length limitations in Rule of Practice 154); Rule of Practice

No further filings will be considered in this proceeding, such as Strege's second motion for reconsideration in this matter on February 14, 2026. Any further filings seeking reconsideration of our decisions in this proceeding would be untimely and inconsistent with our Rules of Practice, which allow for only one motion for reconsideration in any given proceeding. 6 We also note that Strege has been involved in other administrative proceedings pending before the Commission. We therefore caution Strege that further noncompliance with the Commission's Rules of Practice--such as those that govern the relevant length limitations of briefs or requirement to include a certificate of service--may result in the Commission rejecting Strege's documents and excluding them from the record. 7 Accordingly, IT IS ORDERED that Strege's motion for reconsideration is denied. By the Commission.

Vanessa A. Countryman Secretary

154(c), 17 C.F.R. § 201.154(c) (providing that motions may not exceed 7,000 words, but a motion that does not exceed 15 pages presumptively does not exceed 7,000 words); Edward M. Daspin, Exchange Release No. 98554, 2023 WL 6307096, at *1 n.10 (Sept. 27, 2023) (denying motion for reconsideration for failing to comply with length limitations). See Rule of Practice 470(a), 17 C.F.R. § 201.470(a) (permitting a party to "file a motion 6 for reconsideration of a final order issued by the Commission" (emphasis added)); Daspin, 2023 WL 6307096, at *1 n.4 (ordering that no further filings would be accepted because further motions for reconsideration would be untimely and inconsistent with the Commission's rules prohibiting successive motions for reconsideration). See Rule of Practice 180(b), 17 C.F.R. § 201.180(b). 7