From MarketWatch.com:
Andrew Crabbe, a Lehman Brothers (LEH) employee since May 2005, filed a lawsuit seeking class-action status against the private-sector regulatory group in federal court in Manhattan on Tuesday.This will undoubtedly become a class-action suit and, I would assume, many of the nearly 2,000 wronged test-takers will join in.
In the lawsuit, Crabbe claims he took the Series 7 exam in October and was told he had received a failing grade of 68%, short of the 70% passing grade. As a result, his job at Lehman was in jeopardy, he received a small year-end bonus and his reputation was damaged, the lawsuit claims.
1 comment:
You have a very informative post it helps individual understand what is series 7 examination really mean about.
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