The reason this process took so long was because there were many questions from FINRA. They came back with nine questions. They were all answered. They then came back with three more questions which where also answered. The also wanted clearance with the SEC. The president spoke with the SEC and answered several questions. The SEC as part of their policy would not provide a letter but said that if FINRA had any questions, they should contact the SEC. A few days later, we were approved.
The good news is that these are many of the same questions that will be required to be answered on the 15(c)211 form.
As we have said, there have been many things happening in the background and that finally some things are coming together. I believe this will be the start of full disclosure that everyone has been waiting for.