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Jul 15, 2008 5:47 pm

o I took my Series 7(stock broker license) exam today and failed it scoring 174/250=69.6%. This test took me 5 hours to take, and since I failed I have to wait a month to take it again. I have two problems.



First problem is that one of the questions I got on the exam was worded wrong saying "you have shares $500" which make no sense. What should I do?! This question would determine if I passing or failing! In my opinion taking any government exam there shouldn't be problems with any of the questions.



Second, I wander if it worth disputing for me and future test taker that if someone scores 69.6% whether that should be consider passing. In my opinion it should be. If you put 174/250 in some calculators it will say 70%.



What are your opinions or suggestion! Thanks everyone!

Jul 15, 2008 5:57 pm

The series 7 is the stock brokers license?

I'll bet it was one of the OTHER 76 questions that caused you to not pass.

Jul 15, 2008 6:06 pm
NewbieRR:

Second, I wander if it worth disputing for me and future test taker that if someone scores 69.6% whether that should be consider passing. In my opinion it should be. If you put 174/250 in some calculators it will say 70%.

What are your opinions or suggestion! Thanks everyone!

 
Where do you wander to?
Jul 15, 2008 6:08 pm
NewbieRR:

I wander if it worth disputing for me and future test taker that if someone scores 69.6% whether that should be consider passing.

 
Maybe you just had trouble understanding the grammer used on the test. 
Jul 15, 2008 6:09 pm

thanks for the support!

Jul 15, 2008 6:11 pm
NewbieRR:

thanks for the support!



While you're at it, get rid of the RR in your name. It's a lie.

Jul 16, 2008 11:05 am
NewbieRR:

o I took my Series 7(stock broker license) exam today and failed it scoring 174/250=69.6%. This test took me 5 hours to take, and since I failed I have to wait a month to take it again. I have two problems.



First problem is that one of the questions I got on the exam was worded wrong saying "you have shares $500" which make no sense. What should I do?! This question would determine if I passing or failing! In my opinion taking any government exam there shouldn't be problems with any of the questions.



Second, I wander if it worth disputing for me and future test taker that if someone scores 69.6% whether that should be consider passing. In my opinion it should be. If you put 174/250 in some calculators it will say 70%.



What are your opinions or suggestion! Thanks everyone!





Problem with your analysis. First there are dummy questions on the exam to see how you would answer them. They state that in the tutorial in the very beginning. The question you are referring to may have been one.. Your assume the questions was one of the questions that counted towards the score. You just don't know.. I would also say that if you took the exam in 5 hours you must have felt comfortable with the fact that you would pass. I personally took my time (6 hours) and made a MUCH higher score than you. Try not to be so brazen and fly through it. Obviously- you were as good as you thought you were!



To the second point. No, i would not recommend that you dispute the exam.. That would only make you look stupid.



Miss J

Jul 16, 2008 12:08 pm

correction - stupider.  

Jul 16, 2008 12:57 pm

NewbieRR - understand your concern , now you have to decide what is your next step. As to PASS Level the exam is what it is an exam. Ponder this , Pilots are required to pass an exam and yes indeed they are required to meet a minimum standard. If the PASS Level is let's say 70% and the candidate failed by just one percent , would you want to fly with that pilot? Perhaps he just missed the one question ie. when to drop the landing gear down on final approach.

The real world is not like attending school , a debate or compromise with the instructor to pass the exam.
Jul 16, 2008 2:35 pm

RRBDLAWYER - I agree in part with your post and I also think it would be fair to say that many of the members do strongly suggest seeking legal advice from their solictor.

I note that the mentioned Release is dated 06/January/2006 , it is my understanding that the individual has just recently written the exam and been advised of his exam results. If your position is that errors have happened in the past as per the Release you are absolutely correct. From a legal perspective ( your business ) you could well argue on behalf of your client that an error/s have been identified in the past and you would act on your client's behalf to have him/her sit for the exam again.
Note again , with the advice of your solictor.
 
Jul 16, 2008 3:39 pm

RRBDLAWYER , have never begrudged paying for either a legal opinion from my solictor or a financial opinion from my accountant in my business career. Money well spent.

Jul 17, 2008 9:26 am

Bill ,

 
One of your posts today on another subject clearly indicates why professional advise is worth it's weight in gold. I continue to be stunned that : A) People think they know Contract Law , B) They can represent themselves , C) The have the ability to detach themselves and be able to act as a detached observer and 4 ) Ask for legal advise over the internet.
On a lighter side .... I was once asked by an employer to sign a document , I did sign with the addition " Signed without legal representation ". Suffice to say they scrambled and then advised me that the document was not that important so I could disregard. Funny how these things work.