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FINRA Series6 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Seeks Business for the Broker-Dealer from Customers and Potential Customers | 24% | - Topics in communications, marketing, and solicitation activities |
| Topic 2: Obtains and Verifies Customers’ Purchase and Sales Instructions; Processes, Completes and Confirms Transactions | 10% | - Transaction processing and verification |
| Topic 3: Opens Accounts After Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives | 16% | - Account opening procedures and financial profile evaluation |
| Topic 4: Provides Customers with Information About Investments, Makes Recommendations, Transfers Assets and Maintains Appropriate Records | 50% | - Product information, suitability, recordkeeping and transfers |
FINRA Investment Company and Variable Contracts Products Representative Examination (IR) Sample Questions:
1. Which of the following is not one of the purposes of FINRA as stated in its articles of incorporation?
A) police members and assist with dispute settlements
B) develop lines of communication between the securities industry and governmental agencies
C) encourage members to uphold high ethical standards
D) maintain a fair and orderly securities market
2. Given the same maturity, which of the following debt instruments would you expect to offer the highest
yield-to-maturity?
A) a debenture issued by Abbott Laboratories
B) a bond issued by the Federal Home Loan Bank Board
C) a U.S. Treasury bond
D) a general obligation bond issued by the state of Massachusetts
3. The Bank Secrecy Act (BSA) requires any financial institution to:
I. file a suspicious activity report (SAR) when a possible violation of a law is suspected.
II. inform its customer that it is filing the SAR.
III. provide any customer that is suspected of engaging in an illegal transaction the opportunity to explain
himself prior to filing an SAR.
IV. obtain specified information on any party sending or receiving a wire transfer of $3,000 or more.
A) I, II, and IV only
B) I and II only
C) I and IV only
D) I, II, III and IV
4. Private placements are exempt from the registration requirements of the Securities Act of 1933 under the
rules contained in:
A) Regulation E.
B) Regulation D.
C) the Securities Exchange Act of 1934.
D) Regulation
5. Which of the following statements made by a registered representative selling a variable life insurance
policy would be likely to result in disciplinary action?
A) "Ms. Client, you should consider this as more of an investment than an insurance policy."
B) "This variable life insurance policy offers a death benefit just like your traditional life insurance policy,
Ms. Client."
C) Both Statements A and B are likely to result in disciplinary action.
D) "If you use the cash value of your existing life insurance policy, Ms. Client, you will be able to purchase
this new policy for little or no additional cash."
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: C |







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