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FINRA Series6 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Opens Accounts After Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives | 16% | - Account opening procedures and financial profile evaluation |
| Topic 2: Seeks Business for the Broker-Dealer from Customers and Potential Customers | 24% | - Topics in communications, marketing, and solicitation activities |
| Topic 3: Obtains and Verifies Customers’ Purchase and Sales Instructions; Processes, Completes and Confirms Transactions | 10% | - Transaction processing and verification |
| 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. Mr. A. D. Venturer owns 10,000 shares of Risky Corporation, which is currently selling for $8 a share. He
is leaving shortly for an extended trip to Antarctica and will be out of communication for that time. He
doesn't want to liquidate his investment in Risky before he goes, but he doesn't want to return to find that
his $80,000 investment is worth little to nothing. Which of the following options would make sense for Mr.
Venturer?
A) place a limit order to sell Risky at either $8 a share or a price slightly less than $8 a share
B) place a stop sell order at a price less than $8 a share-perhaps $6 or $7 a share
C) enter a good 'til cancelled (GTC) market order to sell Risky
D) buy a call option on Risky stock with an $8 strike price and an expiration date that occurs after his
return
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) BigFee Investment Banker
B) InTheLoop Brokerage
C) HiGrow Corporation
D) Mr. Big
3. A person's discretionary income is:
A) the amount of his income that is needed to pay his regular monthly bills, e.g., rent, food, gasoline,
utilities, health insurance, etc.
B) his income after tax.
C) the income that he has left to spend or save after having paid taxes on the income and for all of the
necessities, e.g., housing, food, clothing, transportation, utilities, etc.
D) the amount that can be allocated to speculative investments.
4. When a mutual fund is valuing your pre-existing holdings to see if you qualify for a reduced sales charge
under its rights of accumulation program, it must use:
A) none of the above.
B) the current NAV of your holdings.
C) the current public offering price (POP) of your holdings.
D) the price you paid when you purchased the shares originally.
5. Which of the following types of securities would not be traded in the over-the-counter market?
I. stock options
II. government bonds
III. corporate bonds
IV. corporate stocks
A) I only
B) III and IV only
C) I and IV only
D) All of the choices are traded in the over-the-counter market.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: D |







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