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Finra Series-6 Exam Questions

Exam Name: Investment Company and Variable Contracts Products Representative
Exam Code: Series-6
Related Certification(s): Finra Products Representative Qualification Certification
Certification Provider: Finra
Actual Exam Duration: 135 Minutes
Number of Series-6 practice questions in our database: 325 (updated: Oct. 09, 2024)
Expected Series-6 Exam Topics, as suggested by Finra :
  • Topic 1: Consideration of Promotion of Efficiency, Competition, and Capital Formation/ Reinvestment of dividend income and capital gains distributions
  • Topic 2: Employment of Manipulative and Deceptive Devices by Brokers or Dealers/ Seminars, lectures and other group forum requirements
  • Topic 3: Records To Be Made by Certain Exchange Members, Brokers and Dealers/ Standards and required approvals of public communications
  • Topic 4: Exemption for Limited Offers and Sales Without Regard to Dollar Amount of Offering/ Advertising by an Investment Company as Satisfying Requirements of Section 10
  • Topic 5: Types of mutual funds: equity, fixed-income, money market, interval/ Essential facts regarding customers and customer relationships
  • Topic 6: Civil Liabilities Arising in Connection with Prospectuses and Communications/ Requirements for the Use of Bond Mutual Fund Volatility Ratings
  • Topic 7: Circumstances for refusing or restricting activity in an account or closing accounts/ Determination of net long-term and short-term gains or losses
  • Topic 8: Insignificant Deviations from a Term, Condition or Requirement of Regulation D/ Materials Not Deemed an Offer To Sell or Offer To Buy Nor a Prospectus
  • Topic 9: Reasonable-basis, customer-specific and quantitative care obligations/ Financial factors relevant to assessing a customer’s investment profile
  • Topic 10: Customer-specific factors that generally affect the selection of products/ Communications with the Public About Variable Life Insurance and Variable Annuities
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Johanna

1 days ago
I am thrilled to share that I passed the Finra exam, thanks to Pass4Success practice questions. One challenging question was about opening accounts after evaluating a customer's financial profile. It required knowledge of the specific documents needed, and I wasn't completely confident in my response. Still, I passed!
upvoted 0 times
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Eden

9 days ago
Tough exam, but I made it through. Thanks Pass4Success for the quick prep materials!
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Buck

12 days ago
I'll make sure to review that too. Thanks again!
upvoted 0 times
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Miesha

15 days ago
Just passed the Finra exam, and I couldn't have done it without the practice questions from Pass4Success. There was a tricky question about seeking business for the broker-dealer from potential customers. It asked about the most effective methods to approach new clients, and I was a bit unsure of the best answer. Nevertheless, I got through it!
upvoted 0 times
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Tijuana

26 days ago
Thanks to Pass4Success for their relevant exam questions! Their materials really helped me prepare efficiently and pass the FINRA Investment Company exam.
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Talia

1 months ago
I recently passed the Finra Investment Company and Variable Contracts Products Representative exam, and I have to say, the Pass4Success practice questions were incredibly helpful. One question that stumped me was about the process of verifying a customer's purchase and sales instructions. It asked about the specific steps involved in confirming a transaction, and I wasn't entirely sure of the order. Despite that, I managed to pass the exam!
upvoted 0 times
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Lonny

1 months ago
Just passed the FINRA exam! Pass4Success was a lifesaver with their relevant practice questions.
upvoted 0 times
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Alesia

2 months ago
Passing the Finra Investment Company and Variable Contracts Products Representative exam was a great accomplishment for me. Thanks to Pass4Success practice questions, I was well-prepared for the exam. One of the topics that I encountered during the exam was the consideration of promotion of efficiency, competition, and capital formation. There was a question related to this topic that asked about the impact of reinvesting dividend income and capital gains distributions. It was a challenging question, but I was able to answer it correctly and pass the exam.
upvoted 0 times
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Jolene

3 months ago
My experience taking the Finra Investment Company and Variable Contracts Products Representative exam was challenging but rewarding. With the assistance of Pass4Success practice questions, I was able to successfully pass the exam. One topic that was covered in the exam was the employment of manipulative and deceptive devices by brokers or dealers. I remember a question that asked about the requirements for seminars, lectures, and other group forums. It was a tricky question, but I was able to navigate through it and pass the exam.
upvoted 0 times
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Kiley

3 months ago
Just passed the Series 6! Watch out for questions on mutual fund share classes and breakpoints. Know the differences between A, B, and C shares, and how to calculate breakpoint discounts. Pass4Success's practice questions were spot-on and helped me prepare quickly. Thanks!
upvoted 0 times
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Davida

4 months ago
I recently passed the Finra Investment Company and Variable Contracts Products Representative exam with the help of Pass4Success practice questions. The exam covered topics such as consideration of promotion of efficiency, competition, and capital formation. One question that stood out to me was related to the reinvestment of dividend income and capital gains distributions. I wasn't completely sure of the answer, but I managed to pass the exam.
upvoted 0 times
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Free Finra Series-6 Exam Actual Questions

Note: Premium Questions for Series-6 were last updated On Oct. 09, 2024 (see below)

Question #1

Which of the following statements regarding the separate account of an insurance company is true?

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Correct Answer: D

The true statement is that the separate account must register as an investment company under the Investment Company Act of 1940. The premiums paid by investors for variable life insurance (less numerous charges) are invested in subaccounts within the separate account, and the earnings of the subaccounts are used, in turn, to make payments to the owners of variable life insurance policies, but not to any of the other policyholders of the company, such as the fixed annuity investors. The insurance company pays its operating expenses out of its general account.


Question #2

The mortality guarantee of a variable annuity contract:

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Correct Answer: D

None of the choices provided is a true statement about the mortality guarantee of a variable annuity contract. The mortality guarantee guarantees that you can receive a monthly check for as long as you live, but it does not guarantee that the check will be for a specified amount.


Question #3

Which of the following statements regarding both a Uniform Gifts to Minors account (UGMA) and a Uniform Transfers to Minors account (UTMA) is false?

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Correct Answer: D

The false statement regarding both a UGMA and a UTMA is that the assets must be re-registered in the minor child's name when the child turns 18. The rule differs between the two types of accounts. The UGMA requires that the assets must be re-registered when the child reaches the ''age of majority,'' as defined by the state, and the definition differs among states. Under the UTMA, the transfer of the account can be delayed until the minor child has reached the age of 25.


Question #4

Matt is a registered representative with Fine, Howard, Fine and Associates. Tom, an old fraternity brother, is one of his clients. Business has been bad, and Matt is going to have difficulties making this month's mortgage payment. Tom was commiserating with him when the two hooked up to have a couple of beers together and offered to lend Matt some money to see him through the rough times. Based on these facts:

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Correct Answer: B

Since Tom and Matt are old fraternity brothers, Matt may accept Tom's offer, but only after obtaining pre-approval from Fine, Howard, Fine. FINRA's Rule 3240 allows for borrowing and lending between a registered representative and a client if ''the lending arrangement is based on a personal relationship with the customer, such that the loan would not have been solicited, offered, or given had the customer and the associated person not maintained a relationship outside of the broker/customer relationship.''


Question #5

You have just become a licensed registered representative with Fine, Howard, Fine and Associates, a broker-dealer. (Congratulations!) You have had a brokerage account with Anon Brokerage for the past ten years. In this instance, you are required to:

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Correct Answer: D

If you have an account with another member firm upon becoming associated with a member firm, you are required to provide both the firm with which you have your account and your new employer in writing of the fact.


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