DreamFunded Marketplace LLC and Manuel Fernandez v. FINRA - Extension of Time Order
Summary
The SEC granted FINRA's motion for a 10-day extension of time to file responses in the appeal of disciplinary action against DreamFunded Marketplace, LLC and Manuel Fernandez. FINRA must file its responses by April 23, 2026, and Applicants' replies, if any, must be filed by April 28, 2026. The extension was granted for good cause shown due to the unavailability of FINRA's counsel.
What changed
The SEC issued an order granting FINRA's motion to extend the time to file responses in the pending administrative appeal filed by DreamFunded Marketplace, LLC and Manuel Fernandez challenging FINRA disciplinary action. The extension was granted for good cause due to counsel unavailability, consistent with SEC Rule of Practice 161(a) which favors reasonable extension requests in pending proceedings.
For affected parties, this procedural order establishes binding deadlines in the administrative appeal process. FINRA must file its responses by April 23, 2026, with any applicant replies due by April 28, 2026. While the order does not resolve the underlying disciplinary appeal, it governs the procedural timeline and must be followed by all parties to the proceeding.
What to do next
- Comply with SEC-ordered filing deadlines
- FINRA must file responses by April 23, 2026
- Applicants may file replies by April 28, 2026
Archived snapshot
Apr 13, 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. 105209 / April 13, 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 6, 2026, DreamFunded Marketplace, LLC and Manuel Fernandez (together, "Applicants") filed a motion for leave to file a notice of supplemental authority and a motion for immediate ruling on their application for review. On April 8, 2026, FINRA filed a motion to extend by 10 days the time to file its response to Applicants' motions because of the unavailability of FINRA's counsel. 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' motions by April 23, 2026. Applicants' replies, if any, shall be filed by April 28, 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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