SEC Extends Response Deadline in Visionary Trading Administrative Proceeding
Summary
The SEC granted the Division of Enforcement's motion for an extension of time to respond to Andrew Actman's April 15 filing in the Visionary Trading administrative proceeding. The Division must now file its response by May 6, 2026, and Respondent Actman may file a reply by June 5, 2026. Actman had previously withdrawn his March 20 motion to vacate the 2014 final order and sanctions and instead moved to modify that order to include a finding that his 2014 conduct does not constitute a statutory disqualification under Section 3(a)(39) of the Securities Exchange Act of 1934.
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What changed
The SEC order extends the Division of Enforcement's response deadline from the original schedule to May 6, 2026, and sets Respondent Actman's reply deadline for June 5, 2026. This procedural extension follows Actman's withdrawal of his initial motion to vacate the 2014 final order and sanctions, and his substitution of an amended motion seeking a finding that his conduct does not constitute statutory disqualification under Section 3(a)(39) of the Exchange Act. The order expressly states no view on the merits of the parties' arguments. For broker-dealers and registered persons involved in SEC administrative proceedings, this case illustrates that respondents may seek modification of settled orders to address evolving statutory disqualification standards, and that procedural deadlines remain subject to reasonable extension under Rule 161 of the SEC's Rules of Practice.
Archived snapshot
Apr 22, 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 EXCHAGE ACT OF 1934 Release No. 105290 / April 22, 2026 INVESTMENT COMPANY ACT OF 1940 Release No. 36126 / April 22, 2026 Admin. Proc. File No. 3-15823 In the Matter of VISIONARY TRADING LLC, LIGHTSPEED TRADING LLC, ANDREW ACTMAN, JOSEPH DONDERO, EUGENE GIAQUINTO, LEE HEISS, and JASON MEDVIN ORDER GRANTING EXTENSION OF TIME TO RESPOND On March 20, 2026, respondent Andrew Actman ("Respondent") filed a motion to vacate the final order and sanctions levied against him in Visionary Trading LLC, a settled Commission administrative proceeding brought under Sections 15(b) and 21C of the Securities Exchange Act of 1934 and Section 9(b) of the Investment Company Act of 1940. The Division of 1 Enforcement filed a response and Actman filed a reply. On April 15, 2026, Actman filed a document styled "Offer of Settlement and Compromise, Notice of Withdrawal of Motion to Vacate, and Amended Motion to Modify the 2014 Order," in which he withdrew his March 20 motion and moved to modify the 2014 final order to include a finding "that the 2014 conduct does not constitute a 'statutory disqualification' as defined in Section 3(a)(39) of the Securities Exchange Act of 1934" (emphasis omitted). The Division now moves for an extension of time until May 6, 2026, to respond to Actman's April 15 filing. It appears that there is good cause to grant the extension sought. Accordingly, IT IS 2 ORDERED that the Division file a response to Respondent's April 15 filing by May 6, 2026. Respondent may file a reply by June 5, 2026. Visionary Trading LLC, et al., Exchange Act Release No. 71871, 2014 WL 1338258 1 (Apr. 4, 2014). See Rule of Practice 161(a), 17 C.F.R. § 201.161(a); see also Pending Administrative 2
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).
2 This order expresses no view as to the merits of the parties' arguments or underlying merits regarding the filings. For the Commission, by its Secretary, pursuant to delegated authority. 3 Vanessa A. Countryman Secretary
17 C.F.R. § 200.30-7(a)(4). 3
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