What it takes to get approved as security token?

[briansparks]

Hello,

This is regarding Crypto-exchange, which is in ICO phase and registered in UK. As standard, it was considered as utility token. Many investors get interested, but they want to see it as security token. I am trying to learn, what it takes to get approval as security token. If I search it on internet, due to various mindset of attorneys, I see it ranges from $2000 to $50,000 and time from 2 months to 1 year. I am not getting clear idea, if at all it would be possible for us to go that way.

I know, it is legal thing and should be consulted with related team, but before that I want to get some rough idea about time, money and formalities.

Thanks