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Updated: Aug 01, 2026

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FINRA Series6 Exam Overview:

Certification Vendor:FINRA
Exam Name:Investment Company and Variable Contracts Products Representative Examination (IR) - Series 6
Exam Number:Series 6
Passing Score:70%
Exam Duration:90 minutes
Real Exam Qty:55 (50 scored, 5 unscored)
Exam Price:USD 75
Exam Format:Multiple Choice
Available Languages:English
Related Certifications:Series 6 Top-Off
SIE (Securities Industry Essentials)
Certificate Validity Period:No fixed expiration; valid while registration with FINRA member firm is maintained
Recommended Training:FINRA Qualification Exams Overview
Exam Registration:FINRA Series 6 Exam Registration
Sample Questions:FINRA Series6 Sample Questions
Exam Way:Computer-based testing at authorized testing centers (Prometric) or remote proctored where available
Pre Condition:Must be sponsored by a FINRA member firm; SIE is typically required or taken prior to or in conjunction with Series 6 registration
Official Syllabus URL:https://www.finra.org/registration-exams-ce/qualification-exams/series6

FINRA Series6 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Opens Accounts After Obtaining and Evaluating Customer Financial Profile16%- Customer account types and documentation
  • 1. Account registration and ownership types
    • 2. Suitability and KYC requirements
      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: 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: Provides Customers with Information About Investments50%- Investment company securities and variable contracts
              • 1. Variable annuities and insurance-based products
                • 2. Mutual funds and ETFs characteristics
                  • 3. Risks, disclosures, and performance reporting

                    FINRA Investment Company and Variable Contracts Products Representative Examination (IR) Sample Questions:

                    1. Noah Mete is interested in selling his shares of the Lambchops Corporation, which trades
                    over-the-counter. The market maker with the best bid price--$3.15--is Veggie Investments. The market
                    maker with the best ask price--$3.27-is Carnivor Investments. Noah conducts trades in NYSE-listed
                    stocks through his broker, Omnivor and Associates. Given this scenario, which of the following
                    statements is true?

                    A) Noah can sell his shares of Lambchops Corporation at the ask price of $3.27 by contacting Omnivor
                    and Associates.
                    B) Noah can sell his shares of Lambchops Corporation at the bid price of $3.15 by contacting Veggie
                    Investments directly.
                    C) Noah can sell his shares of Lambchops Corporation at the ask price of $3.27 by contacting Carnivor
                    Investments directly.
                    D) Noah can sell his shares of Lambchops Corporation at the bid price of $3.15 by contacting Omnivor
                    and Associates.


                    2. Cliff places an order to sell 500 shares of the stock of Gap, Inc. (GPS) via his broker's website. Cliff does
                    not currently own any shares of GPS. This order is:

                    A) illegal, and the broker's website will reject it.
                    B) referred to as a short sale.
                    C) an example of a stop loss order.
                    D) indicating that Cliff expects the price of Gap, Inc. to rise.


                    3. Steel Dynamics (STLD) has a convertible bond issue that matures in four years. The bond has a face
                    value of $1,000 and pays a coupon of 5.125%, with interest paid semiannually. The conversion ratio is
                    5 6.9801.If the stock of Steel Dynamics is currently priced at $15 a share, what is the conversion value of
                    this bond, to the nearest cent?

                    A) $175.50
                    B) $569.80
                    C) $854.70
                    D) Until it matures, the conversion value of the bond is equal to its face value of $1,000.


                    4. An exchange-traded fund (ETF):

                    A) can be structured as either a mutual fund or a unit investment trust.
                    B) is a type of closed-end investment company.
                    C) is bought and sold at the net asset value of the fund.
                    D) charges no management fees.


                    5. On Friday, August 6th, the Board of Directors of Ecolab (ECI) announced that it would pay a dividend of
                    $ 0.155 a share to shareholders of record as of Tuesday, September 21st.The dividend checks were
                    scheduled to be mailed on Friday, October 15th.In this scenario, the ex-dividend date is:

                    A) Friday, August 6th.
                    B) Tuesday, September 21st.
                    C) none of the above.
                    D) Friday, September 17th.


                    Solutions:

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

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