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FINRA Series6 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Provides Customers with Information About Investments, Makes Recommendations, Transfers Assets and Maintains Appropriate Records | 50% | - Retirement plans and 529 savings plans - Suitability rules and recommendations - Investment company products: mutual funds, UITs, closed-end funds - Product features, risks, costs, and tax considerations - Variable contracts: variable annuities, variable life insurance - Recordkeeping and disclosure requirements |
| Seeks Business for the Broker-dealer from Customers and Potential Customers | 24% | - Communications with the public and regulatory rules - Telemarketing and solicitation rules - Advertising and sales literature regulations - Prospecting and identifying customer needs |
| Opens Accounts After Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives | 16% | - Anti-money laundering (AML) and compliance - Customer identification and verification - Financial profile and investment objectives assessment - Account types and registration |
| Obtains and Verifies Customers’ Purchase and Sales Instructions; Processes, Completes and Confirms Transactions | 10% | - Order entry and processing procedures - Payment and settlement processes - Error resolution and correction procedures - Trade confirmations and account statements |
FINRA Investment Company and Variable Contracts Products Representative Examination (IR) Sample Questions:
1. Ms. Newbie has recently become licensed as a registered representative and is disappointed to discover
no clients standing in line at the door to her office at Savvy Investments. She decides she simply must
take on a second job in order to pay the rent. The fitness club to which she belongs is advertising for a
weekend receptionist, and the club manager has told her the job is hers if she wants it. Given this
scenario, Ms. Newbie:
A) can accept the job since it only entails weekend work, which does not conflict with the hours she works
as a registered representative.
B) must provide a written notice to Savvy Investments and await the firm's approval before accepting the
job.
C) can accept the job without any restrictions. She is not tied to Savvy by ball and chain, and her work as
a receptionist at a fitness club does not have anything to do with the financial industry.
D) can accept the job only if she tells her supervisor at Savvy that she will be working weekends.
2. Which of the following persons is not permitted to open an investment account?
I. a general partnership
II. a corporation
III. the executor of an estate
IV. a 16-year-old entrepreneur
A) I, II, and III only
B) IV only
C) I, II, and IV only
D) I and II only
3. A broker-dealer is required to file a Currency Transaction Report with the Treasury Department for:
A) any cash transaction exceeding $10,000.
B) any transaction exceeding $10,000 in value.
C) any cash transaction exceeding $3,000.
D) any transaction exceeding $5,000.
4. Which of the following is not required to be included in a management company's prospectus?
A) the financial statements of the company
B) the potential risks to which the company's investors are exposed
C) a statement of the investment objective of the company
D) the various fees charged by the company
5. Which of the following securities always sell at a discount from their face values?
I. Treasury bills
II. Treasury notes
III. industrial revenue bonds
IV. bankers acceptances
A) I and IV only
B) I only
C) I and II only
D) II and III only
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: A |




