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FINRA Series6 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Obtains and Verifies Customers’ Purchase and Sales Instructions; Processes, Completes and Confirms Transactions | 10% | - Trade confirmations and account statements - Payment and settlement processes - Error resolution and correction procedures - Order entry and processing procedures |
| Provides Customers with Information About Investments, Makes Recommendations, Transfers Assets and Maintains Appropriate Records | 50% | - Retirement plans and 529 savings plans - Variable contracts: variable annuities, variable life insurance - Suitability rules and recommendations - Product features, risks, costs, and tax considerations - Investment company products: mutual funds, UITs, closed-end funds - Recordkeeping and disclosure requirements |
| Opens Accounts After Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives | 16% | - Account types and registration - Customer identification and verification - Financial profile and investment objectives assessment - Anti-money laundering (AML) and compliance |
| 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 |
FINRA Investment Company and Variable Contracts Products Representative Examination (IR) Sample Questions:
1. Which of the following statements made by a registered representative selling a variable life insurance
policy would be likely to result in disciplinary action?
A) "This variable life insurance policy offers a death benefit just like your traditional life insurance policy,
Ms. Client."
B) Both Statements A and B are likely to result in disciplinary action.
C) "If you use the cash value of your existing life insurance policy, Ms. Client, you will be able to purchase
this new policy for little or no additional cash."
D) "Ms. Client, you should consider this as more of an investment than an insurance policy."
2. Rank the following entities with regard to the priority of their claims on a firm-from the highest priority to
the lowest priority-in the event of bankruptcy.
I. common shareholders
II. preferred shareholders
III. secured bondholders
IV. debenture holders
A) II, III, I, IV
B) IV, III, II, I
C) III, IV, II, I
D) III, II, IV, I
3. Which of the following pieces of information may not be contained in a tombstone advertisement under
SEC rules?
A) the price of the offering
B) the name of the issuer
C) the name and address of a place where a prospectus can be obtained
D) the type of business in which the issuing firm is engaged
4. Which of the following does not fall under the category of "sales literature," as defined by FINRA?
A) a research report mailed only to a fund's existing clients
B) an announcement containing some biological information on a registered representative who has just
joined the firm
C) PowerPoint slides that have been prepared to use in a seminar
D) Reprints of an article that appeared in a financial publication about a specific mutual fund
5. The fees that member firms must pay to FINRA are based on:
I. the totalmarket value of its assets.
II. the number of registered representatives it employs.
III. the number of branch offices it has.
A) II and III only
B) I and III only
C) I, II, and III
D) I only
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: A |






