Londonrocks

Assuming this person barely got >70% in the 8 subjects and did horribly in the two above, it's quite easy to believe:

Let's say:

AI 2/8
Quant 15/28

Deriv 9/12
PM 9/12
CF 15/20

FSA 34/48
Equity 17/24
Ec. 17/24
FI 20/28
Ethics 26/36

Total score 164/240 = 68.3333%

Assuming MPS was 69%, he would have failed.