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cooltraderabhi
 

Registered: Mar 2012
Posts: 49

 

03-20-12 04:02 AM

Hi,

Can someone please tell me how much time does it take to get an approval from the NFA for the ddocs. Also what steps can I take in order to get a speedy approval?

- Thanks
Cooltraderabhi

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Epic
 

Registered: Apr 2011
Posts: 932

 

03-20-12 05:03 PM


Quote from cooltraderabhi:

Hi,

Can someone please tell me how much time does it take to get an approval from the NFA for the ddocs. Also what steps can I take in order to get a speedy approval?

- Thanks
Cooltraderabhi



Generally takes 2-3 months. There are a couple things that slow it down.

1)Not having your series 3 completed.
2)Choosing anything other than a 2/20 fee structure.
3)Having missing/incomplete info.

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cooltraderabhi
 

Registered: Mar 2012
Posts: 49

 

03-20-12 06:02 PM

Hi,

I have a proprietary account that I trade which I would like to add to my disclosure document. How much time would it take to get an updated ddocs from the NFA. Will they still take another 2-3 months?

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Epic
 

Registered: Apr 2011
Posts: 932

 

03-20-12 06:23 PM


Quote from cooltraderabhi:

Hi,

I have a proprietary account that I trade which I would like to add to my disclosure document. How much time would it take to get an updated ddocs from the NFA. Will they still take another 2-3 months?



Not sure I follow. You already have an approved ddoc?

Simply adding info to an existing doc should be a bit faster. But why didn't you include it in the first draft?

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