FINRA Series6 Q&A - in .pdf

  • Series6 pdf
  • Exam Code: Series6
  • Exam Name: Investment Company and Variable Contracts Products Representative Examination (IR)
  • Updated: Aug 15, 2026
  • Q & A: 325 Questions and Answers
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  • Exam Code: Series6
  • Exam Name: Investment Company and Variable Contracts Products Representative Examination (IR)
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  • Updated: Aug 15, 2026
  • Q & A: 325 Questions and Answers
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FINRA Series6 Q&A - Testing Engine

  • Series6 Testing Engine
  • Exam Code: Series6
  • Exam Name: Investment Company and Variable Contracts Products Representative Examination (IR)
  • Updated: Aug 15, 2026
  • Q & A: 325 Questions and Answers
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Series6 Practice Dumps

FINRA Series6 Exam Syllabus Topics:
SectionWeightObjectives
Topic 1: Obtains and Verifies Customers' Purchase and Sales Instructions10%- Order processing and transaction procedures
  • 1. Settlement and trade verification
    • 2. Order entry and confirmation
      Topic 2: Seeks Business for the Broker-Dealer from Customers and Potential Customers24%- Prospecting and communication with clients
      • 1. Marketing investment company products
        • 2. Ethical sales practices and communications rules
          Topic 3: Provides Customers with Information About Investments50%- Investment company securities and variable contracts
          • 1. Variable annuities and insurance-based products
            • 2. Risks, disclosures, and performance reporting
              • 3. Mutual funds and ETFs characteristics
                Topic 4: Opens Accounts After Obtaining and Evaluating Customer Financial Profile16%- Customer account types and documentation
                • 1. Suitability and KYC requirements
                  • 2. Account registration and ownership types
                    FINRA Investment Company and Variable Contracts Products Representative Examination (IR) Sample Questions:

                    1. Which of the following statements regarding a letter of intent is true?

                    A) An investor has 12 months in which to invest the amount stipulated in the letter.
                    B) An investor who signs a letter of intent and does not invest the amount stipulated must make up the
                    difference between the sales charge he paid and what he should have paid, plus interest.
                    C) A letter of intent may be backdated up to 90 days so that any purchases made during that prior time
                    period will count toward making a breakpoint.
                    D) Reinvested dividends and capital gain distributions count toward the amount stipulated in the letter of
                    intent.


                    2. Which of the following is an example of market risk?

                    A) the risk that the nation will enter a recession
                    B) the risk that an automobile manufacturer will have to undertake a massive recall of its cars
                    C) the risk that a drug company will produce a pill that will cure cancer
                    D) the risk that competing firms will enter the market when a firm's patent protection expires


                    3. The compensation records that FINRA member firms are required to maintain must include which of the
                    following?
                    I. the names of the persons that have provided the compensation
                    II. names of the associated persons receiving the compensation
                    III. the amount of cash received
                    IV. the nature and value (if known) of any non-cash compensation received

                    A) II and III only
                    B) I and III only
                    C) II, III, and IV only
                    D) I, II, III, and IV


                    4. Sarah Slick is kicking herself for having bought the stock of Bounce, Inc.at a higher price than she needed
                    to have paid. She bought it at $50 a share on November 20th and watched its price drop during December.
                    Ms. Slick is confident that Bounce's stock price will bounce back (pun intended), but she decides that in
                    the meantime, she will sell her shares and use the realized capital loss to offset some of the capital
                    gains she has realized on other investments during the year. Thus, on December 30th, she sells her
                    shares of Bounce for $40 a share. During the first couple weeks of the new year, Sarah observes
                    Bounce's price creeping upward, and she buys the same number of shares she previously sold for $45 a
                    share on January 18th. Given this scenario, which of the following statements is true?

                    A) Although Sarah did not wait the requisite 30 days after her sale of Bounce shares to repurchase them,
                    she can still deduct her realized capital loss of $10 a share when calculating her taxes for that tax year
                    since her repurchase of the shares didn't occur until the following tax year.
                    B) The SEC may file civil charges against Sarah for engaging in an illegal "wash sale."
                    C) Because Sarah waited the requisite 30 days after purchase before selling her shares in Bounce, she
                    can deduct her realized capital loss of $10 a share when calculating her taxes for that tax year.
                    D) Because Sarah did not wait the requisite 30 days after her sale of Bounce shares to repurchase them,
                    she cannot deduct her realized capital loss of $10 a share when calculating her taxes for that tax year.


                    5. Which of the following plans does not have the requirement that its participants must begin withdrawing
                    funds from the plan by April 1st of the year after they turn 70 1/2 ?
                    I. SIMPLE IRA
                    II. 401(k)
                    III. Roth IRA
                    IV. profit-sharing plan

                    A) I, III and IV only
                    B) III only
                    C) All of the above have a mandatory distribution requirement.
                    D) I and III only


                    Solutions:

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

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