Just found out I passed

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Jan 31, 2006 10:37 am

I failed the 7 on three consecutive attempts- %68, %64, and % 69.  But apparently, I am one of the 1800 people who actually passed and received a failing grade.


<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /> 


Good thing I called the NASD.  I was about to open the window and schedule the exam for a 4th attempt.          



If you are taking this exam, approach it seriously.  Know munies, options, and the regulations.  Take practice exam until you are ready to puke, and then take 30 more.  Basically, don’t stop until you have options calculations and regulations running trough your head before you fall asleep at night.   Most importantly have some confidence in your self.  If you are prepared you will pass.               



Understand the fact that this test does not measure knowledge or intelligence.  It will not determine success or failure.  It a measure of effort and how well you work under pressure- especially if the future of your job is contingent on the passing. 



The best advice ever given to me: 


 


Just wake up every morning and ask yourself “would you like fries or an apple pie with that”.



Now, I am going to start hounding these sales managers again.


 


    

Jan 31, 2006 10:39 am

I sure hope you didn't get sh*tcanned for not passing because of NASD's SNAFU.

Jan 31, 2006 10:51 am

Congratulations!


That was actually my smart arse comment after you failed the second time.  I am excited to hear that you took my potshot and used it to motivate you!


If you carry that attitude into your work you will go very far in this business!

Jan 31, 2006 2:08 pm

Actually, there were 1882 of us..   I am going to reapply everywhere. <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Jan 31, 2006 2:35 pm

just another reason to love the NASD.....

Jan 31, 2006 9:40 pm
joedabrkr:

just another reason to love the NASD.....


We should all go RIA.

Jan 31, 2006 11:06 pm
Shmer33:

I failed the 7 on three consecutive attempts- %68, %64, and % 69.  But apparently, I am one of the 1800 people who actually passed and received a failing grade.


<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /> 


Good thing I called the NASD.  I was about to open the window and schedule the exam for a 4th attempt.          



If you are taking this exam, approach it seriously.  Know munies, options, and the regulations.  Take practice exam until you are ready to puke, and then take 30 more.  Basically, don’t stop until you have options calculations and regulations running trough your head before you fall asleep at night.   Most importantly have some confidence in your self.  If you are prepared you will pass.               



Understand the fact that this test does not measure knowledge or intelligence.  It will not determine success or failure.  It a measure of effort and how well you work under pressure- especially if the future of your job is contingent on the passing. 



The best advice ever given to me: 


 


Just wake up every morning and ask yourself “would you like fries or an apple pie with that”.



Now, I am going to start hounding these sales managers again.


 


    



I hate to beat a dead horse but how could you consistently score in the 60's and not get a score above 70? That in itself is pretty amazing.. Congrats to you, now the work begins.

Jan 31, 2006 11:21 pm

Noggin:



It was all in my head. Nothing more.. 


I have a really bad record with standardized tests... 


Jan 31, 2006 11:29 pm
Shmer33:

Noggin:



It was all in my head. Nothing more.. 


I have a really bad record with standardized tests... 




How do you do on customized tests?

Feb 1, 2006 12:00 pm

Do you mean to say that you received a fail, called the NASD and they passed you?  You had to contact them?  More details please.


Honestly, if you find someone to hire you consider yourself lucky.


How long did you study?


Feb 1, 2006 1:35 pm

“Washington, DC  NASD today announced that it has begun notifying a limited number of individuals who took the Series 7 broker qualification exam between Oct. 1, 2004, and Dec. 20, 2005, to tell them that they incorrectly received a failing grade due to a software error.”


<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /> 


Turns out, I was one of these people.



Why do you say I will be lucky to find a job?   


 

Feb 1, 2006 8:26 pm

I smell a class action lawsuit, on behalf of the "failed" test takers.


Bill Singer, what say you?

Feb 1, 2006 9:57 pm

Class action law suit that's a joke. This country is lawsuit crazy - give me a break. Refund the money and move on. Get over it.

Feb 1, 2006 10:07 pm

That’s asinine. 


 


I just want a job!! 


 


Where is the Put Trader when we need him??  <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />


  

Feb 1, 2006 11:46 pm
derekgaddy:

Class action law suit that's a joke. This country is lawsuit crazy - give me a break. Refund the money and move on. Get over it.


Easy for you to say mi amigo when you weren't one of those affected by the 'false fail'.

Feb 2, 2006 12:06 am

Forget joining a class. All you do is make the lawyers rich. File alone.

Feb 2, 2006 6:49 pm

I'm far from an advocate for the bar, but I don't think it would be hard to prove that someone was damaged wen they were fired for a false fail.  The only question is how hard is it to squeeze $$$ out of the NASD?  Seems ironic, doesn't it?!!

Feb 3, 2006 3:09 pm

Do you  think the NASD will reinburse for  past wages??

Feb 5, 2006 1:40 pm

There is no way I will ever get anything out of the NASD.  I don’t really care either.    


<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /> 


All I want is a job as a trainee.  Currently I am selling copiers but I would like to work for a wire house.

Feb 5, 2006 3:16 pm

I was one of the 1882 people who failed. But I passed the second attempt so it really doesn't make a difference. I think those bastards from NASD should get fired. I had to kiss so much ass to my branch manager to give me another shot. Luckly, I didn't get fired.