in my ACP, this is the option i was speaking about (under config-->phpBB Security)
Allow users to change their SQ info. Not recommended.()Enabled(*)Disabled
Obviously it doesnt have symbols, but radio buttons.
When I go to my profile, at the bottom, both the security question and answer are text fields. The password is indeed encrypted, but i was ablet to type a new one in, hit submit, and it said that the changes were made.