Are waivers granted to the 180-day waiting period to re-take the exam?
Such waivers are extremely rare. Exam questions are taken randomly from a bank of questions; if an exam is taken enough times, the questions will repeat themselves. It then becomes a matter of memorization instead of a test of competency. The only instance where waivers have been granted to the 180-day waiting period is when a written request has been submitted by the securities administrator’s office in the state in which the individual is seeking to be licensed.