(Bloomberg) -- The Financial Industry Regulatory Authoritymistakenly gave failing grades to 208 candidates for the Series 24exam.
|“FINRA apologizes to the affected individuals for any problemsthe error may have caused,” Wall Street’s self-funded regulatorsaid Wednesday in a statement. “No individuals incorrectly receiveda passing grade.”
|The test, which covers rules and regulations for supervisingbroker-dealers, was given to 1,421people from July 13 through Sept. 24, according to thestatement.
|FINRA, which blamed a “configurationerror,” said it’s correcting individual records and notifying theaffected firms.
|FINRA said it administered almost 210,000 exams last year.
|Read: Congressman wants FINRA to regulateRIAs
|Copyright 2018 Bloomberg. All rightsreserved. This material may not be published, broadcast, rewritten,or redistributed.
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