CFA Level III Scores Posted Prematurely on Institute Website

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Test results for the third level of the Chartered Financial Analyst exam were posted prematurely Wednesday on the CFA Institute’s website.

About 100 test-takers, or 0.4 percent of those who took the exam in June, accessed preliminary results during the hour they were available online, J.D. McCartney, a spokesman for the Charlottesville, Virginia-based institute, said in an e-mailed statement. The results are still undergoing quality-review procedures, he said.

“We apologize to all CFA Program Level III candidates who briefly had access today to preliminary and unconfirmed June 2015 exam results,” the institute said on its website.

Final results for the third level will be posted on Aug. 11 as scheduled, McCartney said. The organization also will release statistics on general pass rates for all test-takers that day, the institute said.

The exams, which test knowledge of investment tools, portfolio management and wealth planning, take four years to complete and cost hopefuls $3,000 on average. Successful charter recipients spend an average of 300 hours preparing for each level, according to the not-for-profit institute.

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