DreamFunded Marketplace FINRA Extension Order
Summary
The SEC granted FINRA's motion to extend the deadline for filing responses in an administrative review proceeding. FINRA must now file its responses to six filings by April 29, 2026, and Applicants may file replies by May 5, 2026. The extension was granted over Applicants' opposition, citing Rule of Practice 161(a).
What changed
The SEC granted FINRA's motion to extend the time to file responses in an administrative review proceeding. FINRA shall file its responses to Applicants' six filings by April 29, 2026, and Applicants' replies, if any, shall be filed by May 5, 2026. The extension was granted despite Applicants' opposition, based on Rule of Practice 161(a). This is a procedural order that adjusts the procedural timeline of an ongoing administrative proceeding; it does not alter any substantive compliance obligations or disciplinary findings. Affected parties in similar FINRA disciplinary review proceedings should note that reasonable extension requests under Rule 161 are not disfavored.
Archived snapshot
Apr 21, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
UNITED STATES OF AMERICA before the SECURITIES AND EXCHANGE COMMISSION SECURITIES EXCHANGE ACT OF 1934 Release No. 105283 / April 21, 2026 Admin. Proc. File No. 3-20639
In the Matter of the Application of DREAMFUNDED MARKETPLACE, LLC and MANUEL FERNANDEZ For Review of Disciplinary Action Taken by FINRA
ORDER GRANTING EXTENSION OF TIME On April 14, 2026, DreamFunded Marketplace, LLC and Manuel Fernandez (together, "Applicants") filed a notice of supplemental authority. On April 15, 2026, Applicants filed five additional documents: two additional notices of supplemental authority, a motion for leave to file a notice of authority, and two supplemental statements preserving constitutional arguments. On April 17, 2026, FINRA filed a motion to extend the time to file its responses to Applicants' six filings until April 29, 2026. Applicants oppose FINRA's request for an extension of time. It appears appropriate to grant FINRA's motion for good cause shown. 1 Accordingly, it is ORDERED that FINRA shall file its responses to Applicants' filings by April 29, 2026. Applicants' replies, if any, shall be filed by May 5, 2026. For the Commission, by its Secretary, pursuant to delegated authority. 2
Vanessa A. Countryman Secretary See Rule of Practice 161(a), 17 C.F.R. § 201.161(a); see also Pending Administrative 1 Proceedings, Exchange Act Release No. 88415, 2020 WL 1322001 (Mar. 18, 2020) (providing that, pending further order of the Commission, reasonable requests for extensions of time will not be disfavored as stated in Rule of Practice 161). 17 C.F.R. § 200.30-7(a)(4). 2
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