Form 4 Individual Forms slowing to a stop?
20171204 at 12:01 pm #84545
JakeParticipantJoin Date: 11/09/2017
- Posts: 5
So this is my first go around for an NFA purchase so I apologize if this is an unnecessary question, but I assume there is quite a bit of process knowledge in this forum. It seemed that Form 4 individuals were trending to the 4-5 month mark just last month and since mid November I have only seen a few approvals roll through various forums I’ve been following.
I’ve read in a few places people are attributing this to the reallocation of resources to work trust filings. I’m still curious for those of you well versed in NFA submissions – do things generally get this stagnant in December around the Holiday? Is it probable that it’s the reallocation of examiners to trusts? Or is it just the enigma that is the Federal Government?
20171204 at 12:16 pm #84546
JeffroJParticipantJoin Date: 11/09/2017
- Posts: 16
I sent in two Individual form 4s, two days apart, back in May. The first was approved back on October 19 (141 days to approval), the second is still pending now at 182 days. I guess the first one squeaked by before the shuffling of examiners.
20171219 at 10:48 am #84912
KeithSParticipantJoin Date: 11/09/2017
- Posts: 2
I’ve been wondering what the hold up has been as well. My dealer put my first ever form 4 on March 1st with the check cashed like the 7th. I called 2 weeks ago and was told they were waiting on the background check. My dealer put my second one in at the beginning of June and when I called I was told they were waiting on the background check for that one as well. I’m at the 300 day mark on the first as this is written. I’m getting a little frustrated since I see approvals from June and even a bit later showing up and I don’t have mine from March.
20171227 at 1:01 pm #85156
coagula13ParticipantJoin Date: 11/09/2017
- Posts: 20
I called yesterday and the one I submitted on 7/22 (cashed on 7/26) was approved yesterday on 12/26. By my counting I am sitting at 159 from check cashed date… it is still slow.. but at least it was approved before year end… now to just get it in hand.
20180105 at 11:29 am #85314
SteveParticipantJoin Date: 11/09/2017
- Posts: 28
Having seen so many late july approvals last part of December and no August in the end of Dec begin of Jan is annoying. Im just impatiently waiting for my 9/17/17 cc.
Wonder how many examiners are still just focused on Trust, they seem to have picked up greatly.
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