Replies to post #114016 on DD Support Board and Research Team

[Sheepdog]

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.