Monday, December 21, 2009

Incoming Bank of America CEO Brian Moynihan never took the so-called Series 7 exam

or a separate Series 24 exam required to supervise an investment banking or securities business.
I actually failed the 24 on my first try, as I was not accustomed to studying with a newborn at home.

But this FINRA waiver granted to Moynihan seems a bit shady. Reminded me a bit of JFK Jr. taking his third NY bar exam in a private room, after failing it twice when taking it with the rest of the law school graduates.

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