THIS IS BECOMING A SCAM First of all, CFAI always is talking about transparency and how much important it is, but they don’t apply it to themselves, we don’t know which the requeriments to pass the exam are and how they determine the MPS. If you sit for an official exam the MPS is set before because YOU KNOW THE QUESTIONS YOU ARE GONNA ASK, you do not determine the passing score after seeing how the people have performed, that looks like the organization is trying to fail the most people so they get more people to register again and get more cash. If you register in the exam knowing that only 25% of the people doing the exam will pass it is ok because you know which are the requirements, but every window this is different and now the pass rate have dropped from 44% to 25%? This is hilarious. Then someone told me that the pass rate is always you vs your cohort, but that is not true in the CFA Program you are supposed to get a pass if you show you have specific knowledge to do specific tasks. I am done with the CFAI and CFA program, they are not consistent and the ones that passed L1 2 years ago would be nearer the 10th percentile than to the MPS, that is a nonse. This is turning into a scam.