Tech...

There was a recent report of NASD screwing up the grades of some 1800 test takers. The report went on to say that by the time the error was reported, over half of those erroneously reported as having failed had passed upon retesting.

Too bad there is no recourse against NASD.  I will bet money some people lost their jobs when they reported a failing grade on the Series 7.

There is recourse against the NASD. There has been a lawsuit filed in NY Balistrere PLLC on behalf of the 1800 brokers who received a False-Fail.

Filing a lawsuit takes no time, no money and no brains.  Just a lawyer with time on his/her hands.  (No offense Bill...)

Tell me how the individually effected agents fare...if the case ever gets anywhere.

There is a guy who filed suit because he was embarassed at work.  He didn't lose his job but he was embarassed.

Imagine that you're the NASD attorney and this guy is on the stand.

"So, Mr. Jones.  What you're saying is you were embarassed because it was reported that you only knew 69% of the material when, in fact, you actually only knew 70% of it?  Is that correct?"

Big Easy Flood:

Imagine that you're the NASD attorney and this guy is on the stand.

"So, Mr. Jones.  What you're saying is you were embarassed because it was reported that you only knew 69% of the material when, in fact, you actually only knew 70% of it?  Is that correct?"

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 Great!!