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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% | - Product information, suitability, recordkeeping and transfers |
| Obtains and Verifies Customers’ Purchase and Sales Instructions; Processes, Completes and Confirms Transactions | 10% | - Transaction processing and verification |
| Opens Accounts After Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives | 16% | - Account opening procedures and financial profile evaluation |
| Seeks Business for the Broker-Dealer from Customers and Potential Customers | 24% | - Topics in communications, marketing, and solicitation activities |
FINRA Investment Company and Variable Contracts Products Representative Examination (IR) Sample Questions:
1. The Slippery Fund is a high-yield bond fund, which means it invests a substantial amount of its money in:
A) high-quality bonds.
B) junk bonds.
C) bonds with an AAA rating.
D) investment-grade bonds.
2. Mr. Big of HiGrow Corporation needs more money to support the exceptional growth rate that his firm is
enjoying. He meets with BigFee Investment Banker, who agrees to handle the IPO for HiGrow.
Subsequently, InTheLoop Brokerage is tapped to be part of the selling group that will handle the sale of
the new stock to the public. In this example, the underwriter is:
A) HiGrow Corporation
B) InTheLoop Brokerage
C) Mr. Big
D) BigFee Investment Banker
3. You have a young client whose primary investment objective is to be able to retire early. Really early.
She's thinking 40.She has more than sufficient income to meet her current needs for cash. Which of the
following types of stock funds would be most suitable for her?
A) growth
B) All of the above. All stock funds invest in stocks, which can be expected to appreciate in value.
C) value
D) balanced
4. Annie Vestor owns shares of the URMoney Mutual Fund. Annie lives on the west coast in Seattle,
Washington. URMoney reported a net asset value per share of $10.10 on October 9th. On October 10th,
its reported net asset value per share was $10.20. Upon arriving home at 12 P.M. (her time) on October
9 th, Annie logged into the URMoney website and entered an order to redeem 500 shares of her holdings
in the fund. This order will be transacted at:
A) the net asset value of the fund at the end of the trading day on October 11th.
B) The price at which this order will be transacted cannot be estimated based on the information provided.
C) $10.20
D) $10.10
5. A face-amount certificate company:
A) is all of the above.
B) is an investment company that has management fees.
C) sells its debt, which is backed by the assets owned by the company, to its investors.
D) is a company that invests primarily in bonds that sell at either par value or a premium.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: C |
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