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FINRA Series6 Exam Overview:

Certification Vendor:FINRA
Exam Name:Investment Company and Variable Contracts Products Representative Qualification Examination (IR)
Exam Number:Series 6
Passing Score:70%
Exam Price:$100 USD
Certificate Validity Period:Valid while associated with a FINRA member firm and completing continuing education
Available Languages:English
Exam Duration:90 minutes
Exam Format:Multiple-choice
Real Exam Qty:55 (50 scored + 5 unscored pretest)
Related Certifications:Series 7
Series 63
Series 66
Securities Industry Essentials (SIE)
Recommended Training:FINRA Official Content Outline
Exam Registration:FINRA Series 6 Registration
Prometric Scheduling
Sample Questions:FINRA Series6 Sample Questions
Exam Way:Computer-based testing at authorized Prometric test centers
Pre Condition:Must be sponsored by a FINRA member firm; corequisite: pass the Securities Industry Essentials (SIE) exam
Official Syllabus URL:https://www.finra.org/registration-exams-ce/qualification-exams/series6

FINRA Series6 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Seeks Business for the Broker-dealer from Customers and Potential Customers24%- Communications with the public and regulatory rules
- Telemarketing and solicitation rules
- Prospecting and identifying customer needs
- Advertising and sales literature regulations
Topic 2: Obtains and Verifies Customers’ Purchase and Sales Instructions; Processes, Completes and Confirms Transactions10%- Order entry and processing procedures
- Trade confirmations and account statements
- Error resolution and correction procedures
- Payment and settlement processes
Topic 3: Opens Accounts After Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives16%- Financial profile and investment objectives assessment
- Account types and registration
- Customer identification and verification
- Anti-money laundering (AML) and compliance
Topic 4: Provides Customers with Information About Investments, Makes Recommendations, Transfers Assets and Maintains Appropriate Records50%- Variable contracts: variable annuities, variable life insurance
- Investment company products: mutual funds, UITs, closed-end funds
- Recordkeeping and disclosure requirements
- Suitability rules and recommendations
- Retirement plans and 529 savings plans
- Product features, risks, costs, and tax considerations

Common Questions About the FINRA Investment Company and Variable Contracts Products Representative Examination (IR) Exam

The FINRA Series6 exam, officially titled Investment Company and Variable Contracts Products Representative Examination (IR), is the required test for earning the Investment Company and Variable Contracts Products Representative certification, a credential at the Entry-level level. Passing it validates the skills FINRA expects from certified professionals, and it can also support progress toward related credentials such as Securities Industry Essentials (SIE), Series 63, Series 66, Series 7.

The Series6 exam includes 55 (50 scored + 5 unscored pretest) questions, and you have 90 minutes to complete it. Before exam day, divide the available time by the question count so you know the pace you need to hold, and practice flagging time-consuming items for review instead of stalling on a single question. Timed sessions in the Actualtests4sure test engine are the easiest way to build that rhythm before it counts.

You need 70% to pass the Series6 exam, and the official registration fee is $100 USD. Keep in mind that a failed attempt means paying that fee in full again for a retake, so avoid booking your seat on a hunch. Work through the Actualtests4sure practice test until your scores sit comfortably above the passing requirement before you schedule the exam.

FINRA asks candidates to meet the following requirement before registering: Must be sponsored by a FINRA member firm; corequisite: pass the Securities Industry Essentials (SIE) exam. Exam policies do change, so confirm the latest details on the official exam page at https://www.finra.org/registration-exams-ce/qualification-exams/series6 before you book.

You can book your seat through the official registration channels below:

The Series6 exam is delivered in the following format: Computer-based testing at authorized Prometric test centers.

FINRA recommends the following official training for this exam:

A course builds the theory; practice turns it into exam-day performance. Once you finish a class, the 325 practice questions from Actualtests4sure show you how the same knowledge appears in exam-style items.

Yes. Actualtests4sure offers a free PDF demo of the FINRA Investment Company and Variable Contracts Products Representative Examination (IR) practice questions, so you can judge the quality and format before purchasing. After you buy, your purchase includes 365 days of free updates; if the product expires after that period, you can extend the update service at a 50% discount from your member zone.

Every Actualtests4sure order is covered by a 100% Money Back Guarantee. If you take the corresponding Series6 exam within 60 days of purchase and do not pass, send a scan of your exam enrollment slip together with your official Score Report PDF within two days of the exam date, and your claim will be processed within seven days. The candidate name must match the payer name, and the guarantee does not apply if you take the exam within three days of purchase, if you downloaded the product but never took the exam, or to free materials and expired orders. If you would rather have fresh material than a refund, you can exchange your purchase for two additional exam products of equal value at no cost and keep the update service on your original product. Delivery itself is instant: your download is available right after payment and a copy is emailed to you within one minute — if nothing arrives within two hours, contact our support team. You may install the software on as many computers as you need.

The FINRA Investment Company and Variable Contracts Products Representative Examination (IR) exam is organized into 4 major domains. Some of the key domains include:

  • Seeks Business for the Broker-dealer from Customers and Potential Customers, accounting for 24% of the exam
  • Opens Accounts After Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives, accounting for 16% of the exam
  • Provides Customers with Information About Investments, Makes Recommendations, Transfers Assets and Maintains Appropriate Records, accounting for 50% of the exam

Scroll up to the Exam Topics section for the complete breakdown, and use it to plan how much study time each domain deserves.

FINRA Investment Company and Variable Contracts Products Representative Examination (IR) Sample Questions:

Question 1

Private placements may be sold to whom?

A. to as many as 35 non-accredited investors.
B. only to institutional investors.
C. only to accredited investors.
D. to only 35 investors.


Question 2

Which of the following securities laws regulates the organizational structure and day-to-day operations of
investment companies?

A. The Investment Company Act of 1940
B. The Securities Act of 1933
C. The Securities Exchange Act of 1934
D. The Investment Advisers Act of 1940


Question 3

MoeMoney Investments is a diversified management company. This means that:

A. it may invest no more than 5% of its investment monies in one issuer.
B. it is a mutual fund.
C. it is a closed-end company.
D. it must be invested in a variety of industries and geographic regions.


Question 4

A plan under which employees of state and local governments can contribute part of their salaries such
that those earnings will grow tax-deferred until retirement is called a:

A. money purchase plan.
B. profit-sharing plan.
C. Section 457 plan.
D. Section 501 plan.


Question 5

The price at which an investor can sell a security to a market maker in the over-the-counter market is
called the:

A. put price.
B. sale price.
C. ask price.
D. bid price.


Solutions:

Question 1
Answer: A
Question 2
Answer: A
Question 3
Answer: A
Question 4
Answer: C
Question 5
Answer: D

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