Series 6
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The Investment Company Products/Variable Life Contracts Representative Exam, commonly referred to as the Series 6, is a multiple choice exam that registers an individual to transact a limited set of securities:
- Mutual Funds
- Closed-end funds on the initial offering only
- Unit Investment Trust
- Variable Annuities
- Variable Life Insurance
- Municipal Fund Securities
A Series 6 registered individual cannot transact in corporate securities, direct participation programs (DPPs), or option products.
This exam is administered by the Financial Industry Regulatory Authority (Previously known as the NASD). In order to take the exam an individual must be sponsored by a firm who is a member of FINRA or is a Self Regulatory Organization (SRO).
| Test Breakdown | # of Questions | % of Exam |
|---|---|---|
| Securities Markets, Investment Securities and Economic Factors | 8 | 8% |
| Securities and Tax Regulations | 23 | 23% |
| Marketing, Prospecting and Sales Presentations | 18 | 18% |
| Evaluation of Customers | 13 | 13% |
| Product Information: Investment Company Securities and Variable Contracts | 26 | 26% |
| Opening and Servicing Customer Accounts | 12 | 12% |
The time limit for the exam is 2 hours and 15 minutes to complete 100 questions. 70% is considered passing.
A FINRA sponsored study guide may be found here under the appropriate series number in PDF format.
[edit] See also
[edit] Sources
Financial Industry Regulatory Authority (http://www.finra.org)
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