Monday, January 9, 2006

NASD Fails as a Test Giver

Almost 2,000 people trying to qualify as stockbrokers were flunked in last 14 months because of a software error in a test program, the NASD said Friday, according to press reports.

A software flaw has been identified as the problem, but 2,000 people undoubtedly re-took a test that they actually passed.

Imagine if a software problem caused a problem at your firm? Would the NASD be so understanding?
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