UNITED STATES OF AMERICA

UNITED STATES OF AMERICA

Before the

SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934

Release No. 104685 / January 26, 2026

ADMINISTRATIVE PROCEEDING

File No. 3-20883

In the Matter of

Synchronoss Technologies, Inc.,

Respondent.

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ADMINISTRATIVE PROCEEDING

File No. 3-20884

In the Matter of

Clayton “Charlie” Thomas,

Respondent.

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ADMINISTRATIVE PROCEEDING

File No. 3-20885

In the Matter of

Marc Bandini,

Respondent.

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SECOND ORDER EXTENDING TIME TO

ENTER AN ORDER APPROVING OR

DISAPPROVING PLAN OF

DISTRIBUTION

ADMINISTRATIVE PROCEEDING

File No. 3-20886

In the Matter of

Daniel Ives,

Respondent.

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ADMINISTRATIVE PROCEEDING

File No. 3-20887

In the Matter of

John Murdock,

Respondent.

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ADMINISTRATIVE PROCEEDING

File No. 3-20889

In the Matter of

Ronald Prague, Esq.,

Respondent.

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The Division of Enforcement (“Division”) has requested an extension of time until April

30, 2026, to submit a Proposed Plan of Distribution under Rule 1101(a) of the Commission’s

Rules on Fair Fund and Disgorgement Plans, 17 C.F.R. § 201.1101(a).

On May 13, 2025, pursuant to Rule 1103 of the United States Securities and Exchange

Commission’s (“Commission”) Rules on Fair Fund and Disgorgement Plans (the “Commission’s

Rules”), 17 C.F.R.§ 201.1103, the Commission published a Notice of Proposed Plan of

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Distribution and Opportunity to Comment (“Notice”)1 for the distribution of monies collected

pursuant to the Orders2 in the above-captioned matters. The Notice invited public comment on

the proposed plan of distribution (“Proposed Plan”) through June 12, 2025, and the Commission

received a public comment (the “Comment”).

Rule 1104 of the Commission’s Rules, 17 C.F.R. § 201.1104, provides in relevant part,

“[t]he order approving or disapproving the plan should be entered within 30 days after the end of

the final period allowed for comments on the proposed plan unless the Commission or the

hearing officer, by written order, allows a longer period for good cause shown.”

On July 14, 2025, the Director, pursuant to delegated authority, issued an Extension

Order,3 extending the time to submit a proposed plan of distribution to January 30, 2026.

In its second request for an extension of time, the Division states that the staff needs more

time to complete its review of the Comment and present their recommendation regarding the

Proposed Plan. This matter was reassigned due to staff departures and subsequently placed on

hold as a result of the 42-day lapse in the Commission’s appropriations. Thus, staff was unable

to complete its review of and recommendation regarding the Comment and the Proposed Plan.

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Exchange Act Rel. No. 103036 (May 13, 2025).

Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934,

Making Findings, and Imposing a Cease-and-Desist Order, Exchange Act Rel. No. 95049 (June 7, 2022), Admin.

Proc. File No. 3-20883; Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities

Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order, Exchange Act Rel. No. 95050

(June 7, 2022), Admin. Proc. File No. 3-20884; Order Instituting Cease-and-Desist Proceedings Pursuant to Section

21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order, Exchange

Act Rel. No. 95051 (June 7, 2022), Admin. Proc. File No. 3-20885; Order Instituting Cease-and-Desist Proceedings

Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-andDesist Order, Exchange Act Rel. No. 95052 (June 7, 2022), Admin. Proc. File No. 3-20886; Order Instituting Ceaseand-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and

Imposing a Cease-and-Desist Order, Exchange Act Rel. No. 95053 (June 7, 2022), Admin. Proc. File No. 3-20887;

Order Instituting Public Administrative and Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities

Exchange Act of 1934 and Rule 102(e) of the Commission’s Rules of Practice, Making Findings, and Imposing

Remedial Sanctions and a Cease-and-Desist Order, Exchange Act Rel. No. 95055 (June 7, 2022), Admin. Proc. File

No. 3-20889 (collectively, the “Orders”).

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Extension Order, Exchange Act Rel. No. 103444 (July 14, 2025).

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Therefore, good cause has been shown to enter an order extending the time to approve or

disapprove the Proposed Plan until April 30, 2026.

Accordingly, IT IS ORDERED that pursuant to Rule 1104 of the Commission’s Rules,4

for good cause shown, the time for entering an order approving or disapproving the Proposed

Plan is extended to April 30, 2026.

For the Commission, by the Division of Enforcement, pursuant to delegated authority.5

Vanessa A. Countryman

Secretary

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17 C.F.R. § 201.1104.

17 C.F.R. § 200.30-4(a)(21)(i).

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