Minister defends controversial ethics test for stockbrokers (artcile in TheAge)

Financial Plannig industry consultant Joel Ronchi has been running training programs for stockbrokers over the past few months after hearing that fail rates of between 50 and 60 per cent were commonplace among top firms.

“The exam is very broad where brokers’ focus is very narrow traditionally. They’re being asked to consider a whole range of things they don’t usually focus on,” he said.

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https://www.theage.com.au/business/banking-and-finance/minister-defends-controversial-ethics-test-for-stockbrokers-20210312-p57a82.html