They could have "filed" then in their minds.
FINRA has no power to deny applications. But they will not accept an application that is incomplete or not satisfactory. So it could have been submitted but not accepted. FINRA will reply to the application with a list of questions and will need satisfactory answers to all such questions before it will accept the application. One accepted it is only days until FINRA will formally act.
But I have seen the time between submission and acceptance run into years and a lot of pinkies just give up. The FINRA staff will ask the same question a dozen times leaving the applicant screaming that they have already answered the questions. FINRA doesn't tell them why they are asking the question again, they just ask it until they get a satisfactory answer.
Reporting Companies usually go through the first time.
I have no humble opinions, but I do have opinions and those are what I express in my posts. BUT...I have been wrong before and likely will be wrong again so do your own research and don't blame me if you are too lazy to do so.
