FINRA Series6 : Investment Company and Variable Contracts Products Representative Examination (IR)

  • Exam Code: Series6
  • Exam Name: Investment Company and Variable Contracts Products Representative Examination (IR)
  • Updated: Sep 13, 2026
  • Q & A: 325 Questions and Answers

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About FINRA Series6 Exam Questions

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FINRA Series6 Exam Syllabus Topics:

SectionWeightObjectives
Obtains and Verifies Customers’ Purchase and Sales Instructions; Processes, Completes and Confirms Transactions10%- Transaction processing and verification
Opens Accounts After Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives16%- Account opening procedures and financial profile evaluation
Seeks Business for the Broker-Dealer from Customers and Potential Customers24%- Topics in communications, marketing, and solicitation activities
Provides Customers with Information About Investments, Makes Recommendations, Transfers Assets and Maintains Appropriate Records50%- Product information, suitability, recordkeeping and transfers

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

Question #1

Which of the following statements regarding a unit investment trust (UIT) is false?

  • A. A UIT has a fixed number of shares.
  • B. All UITs are established with a termination date.
  • C. UITs are actively managed.
  • D. Shares of UITs trade on exchange floors.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #2

Any compensation earned by a broker-dealer and its registered representative on the sale of mutual fund
shares must be returned to the fund's underwriter if the purchaser decides to redeem his shares within:

  • A. 1 week.
  • B. 30 days.
  • C. 5 business days.
  • D. 7 business days.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #3

The Slippery Fund is a high-yield bond fund, which means it invests a substantial amount of its money in:

  • A. junk bonds.
  • B. bonds with an AAA rating.
  • C. investment-grade bonds.
  • D. high-quality bonds.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #4

Which of the following activities are prohibited by FINRA when a representative is selling shares of a
mutual fund?
I. recommending that a client purchase shares of a mutual fund prior to its ex-dividend date, so that the
client will receive the dividends when they are distributed unless this recommendation is justified by the
specific circumstances of the client
II. telling a client that a mutual fund that has only a contingent deferred sales charge is a no load fund
III. telling a client that the interest he earns on a municipal bond fund will be free from federal taxation
IV. refraining from placing the customer's order promptly in order to profit himself as a result of having
done so

  • A. I, II, and IV only
  • B. I, II, III, and IV
  • C. I and III only
  • D. II and IV only
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #5

Ralph has a traditional IRA from which he has yet to make any withdrawals. Ralph will be turning 70 1/2 in
June, 2011.According to the required minimum distribution rule associated with traditional IRAs, Ralph is
required to start withdrawing funds from this account:

  • A. on April 15, 2012.
  • B. on April 1, 2012.
  • C. on April 15, 2011.
  • D. no later than the day after he turns 70 1/2 .
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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