Is it fair to base an advisor’s financial savvy on his or her test results, and then post those results for the public to evaluate? Especially on an old-fashioned pass/fail scale?

A recent lobbying push by the Financial Services Institute has changed one part of the controversial BrokerCheck Disclosures system – a system designed to bring total clarity to the investment public on the background and skills of their advisors – by reiterating that posting the results of pass-fail tests might not provide an accurate image to the public.

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