Wall Street – The Chartered Financial Analyst (“CFA”) institute has changed their rules, yet again. According to new rule documents established in the beginning of April, if a candidate fails any level of the exam, they will be forced to officially change their last name to ‘Loser’. “We were sick of having all of these candidates fail the CFA exam,” an unnamed administrator from the CFA Institute stated. “We decided to enforce a rule where if a candidate fails any level an exam, they will be forced to change their last name to Loser.” The CFA institute believes the new rule will result in less ‘losers’ and more winners. “People don’t like being labeled a loser. Our new rule should incentivize people to pass the exam.” The new rule will be enforced for all up and coming exams from here on out.