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FINRA Series6 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Seeks Business for the Broker-Dealer from Customers and Potential Customers | 24% | - Prospecting and communication with clients
|
| Provides Customers with Information About Investments | 50% | - Investment company securities and variable contracts
|
| Obtains and Verifies Customers' Purchase and Sales Instructions | 10% | - Order processing and transaction procedures
|
| Opens Accounts After Obtaining and Evaluating Customer Financial Profile | 16% | - Customer account types and documentation
|
FINRA Investment Company and Variable Contracts Products Representative Examination (IR) Sample Questions:
1. Which of the following statements regarding profit-sharing plans is false?
A) A profit-sharing plan must stipulate a minimum employer contribution that will be made, even in less
profitable years.
B) Employees are not permitted to make contributions of their own to a profit-sharing plan.
C) The employer can deduct contributions made to a profit-saving plan, within specific guidelines.
D) The withdrawals made by an employee from a profit-sharing plan are taxable as ordinary income.
2. Which of the following is not a feature associated with an investment in preferred stock?
A) The preferred stock may be convertible to common stock.
B) Preferred shareholders usually have the right to vote on members of the board of directors, mergers,
and shareholder proposals.
C) The dividend is typically a fixed amount.
D) If a dividend payment is skipped, it must typically be made up before common shareholders can
receive any dividends.
3. In 2004, your Uncle Oscar purchased 300 shares of Hasbro, Inc. for $19 a share. Uncle Oscar died earlier
year and left his Hasbro stock to you. The stock was selling for $44 on the day he died, but by the time
you learned that you were the beneficiary of the stock, the price was $47. What is your cost basis in
Hasbro?
A) $28
B) $47
C) $44
D) $19
4. Eddie and Edith open a JTWROS account with you. This means that:
I. You can accept a buy or sell order from either Eddie or Edith.
II. Any check that is drafted upon a request to withdraw funds can be written to either Eddie or Edith, or
both.
III. If either Eddie or Edith die, the account assets will pass to that individual's estate, based on his or her
percentage ownership of the account.
IV. Correspondence concerning the account can be sent to either Eddie or Edith.
A) I only
B) I and IV only
C) I and II only
D) I, II, III, and IV
5. Steve Sharp sees a quote for a mutual fund that indicates the fund has a net asset value (NAV) of $26.60
and a public offering price (POP) of $28.00. Based on this, Mr. Sharp quickly ascertains that this fund
must have:
A) either a front-end or rear-end load of 5.3%.
B) either a front-end or rear-end load of 5.0%.
C) a front-end load of 5.3%.
D) a front-end load of 5.0%.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: D |




