FINRA Investment Company and Variable Contracts Products Representative Examination (IR) : Series6 exam

FINRA Series6 Actual PDF
  • Exam Code: Series6
  • Exam Name: Investment Company and Variable Contracts Products Representative Examination (IR)
  • Updated: Aug 06, 2026
  • Q & A: 325 Questions and Answers
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About FINRA Investment Company and Variable Contracts Products Representative Examination (IR) : Series6 Exam

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FINRA Series6 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Seeks Business for the Broker-Dealer from Customers and Potential Customers24%- Prospecting and communication with clients
  • 1. Ethical sales practices and communications rules
    • 2. Marketing investment company products
      Topic 2: Provides Customers with Information About Investments50%- Investment company securities and variable contracts
      • 1. Risks, disclosures, and performance reporting
        • 2. Mutual funds and ETFs characteristics
          • 3. Variable annuities and insurance-based products
            Topic 3: Obtains and Verifies Customers' Purchase and Sales Instructions10%- Order processing and transaction procedures
            • 1. Settlement and trade verification
              • 2. Order entry and confirmation
                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 CMOs is false?

                    A) CMOs are considered to have lower risk and, therefore, offer lower returns.
                    B) CMO investors are divided into classes, and the class determines when the investor will receive
                    payments of principal.
                    C) Relative to other bonds, CMOs are illiquid.
                    D) CMOs are zero-coupon bonds that are backed by real estate.


                    2. Your cousin has recently attended a seminar on the benefits of diversification. Based on what he learned,
                    he decided to sell the shares he had in a large stock growth fund and put 50% of his money in hotel stocks
                    and 50% in airline stocks. Based on this information, you can tell him:

                    A) that he's less diversified than he was before, but can expect a higher rate of return.
                    B) none of the above.
                    C) that he's less diversified than he was before.
                    D) that he's wise beyond his years.


                    3. A retirement plan under which the benefit to be paid upon retirement is specified when an employee is
                    signed up for the plan is known as a:

                    A) defined contribution plan.
                    B) 401(k) plan.
                    C) SIMPLE-IRA.
                    D) defined benefit plan.


                    4. Which of the following bonds will experience the greatest percentage change in price for a given change
                    in interest rates?

                    A) a bond with 10 years to maturity that pays a 7% coupon
                    B) a bond with 5 years to maturity that pays a 7% coupon
                    C) a bond with 10 years to maturity that pays a 5% coupon
                    D) a bond with 5 years to maturity that pays a 5% coupon


                    5. Ms. Newbie, a registered representative employed by Savvy Investments, has received a letter of
                    complaint from a client that Ms. Newbie believes is unfair and illegitimate. More specifically, she believes
                    that the complaint misstates the facts. Under these circumstances, Ms. Newbie:

                    A) must provide a copy of the complaint to Savvy Investments, who can decide whether or not to ignore
                    the letter after hearing Ms. Newbie's side of the story.
                    B) can toss the complaint in the trash.
                    C) must respond to the complaint in writing.
                    D) must provide a copy of the complaint to Savvy Investments, who is required to respond to the
                    complaint in writing and to keep a record of it.


                    Solutions:

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

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