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

Series6 real exams

Exam Code: Series6

Exam Name: Investment Company and Variable Contracts Products Representative Examination (IR)

Updated: Jul 26, 2026

Q & A: 325 Questions and Answers

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

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FINRA Series6 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Provides Customers with Information About Investments50%- Investment company securities and variable contracts
  • 1. Mutual funds and ETFs characteristics
    • 2. Variable annuities and insurance-based products
      • 3. Risks, disclosures, and performance reporting
        Topic 2: Opens Accounts After Obtaining and Evaluating Customer Financial Profile16%- Customer account types and documentation
        • 1. Suitability and KYC requirements
          • 2. Account registration and ownership types
            Topic 3: Seeks Business for the Broker-Dealer from Customers and Potential Customers24%- Prospecting and communication with clients
            • 1. Ethical sales practices and communications rules
              • 2. Marketing investment company products
                Topic 4: Obtains and Verifies Customers' Purchase and Sales Instructions10%- Order processing and transaction procedures
                • 1. Order entry and confirmation
                  • 2. Settlement and trade verification

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

                    1. Giant Investments filed a registration statement with the SEC for a new fund it wanted to introduce and
                    has received word that the registration statement is now effective. Based on this, Jack, a registered
                    representative with Giant Investments, can tell a client that:

                    A) the SEC pronouncement on the effectiveness of the registration statement means only that the SEC
                    has deemed that enough information has been provided in the registration statement for the client to
                    judge the quality of the investment for himself.
                    B) because the SEC has recently approved the fund, it is likely to be a much safer investment than other,
                    older funds in the same fund category.
                    C) the SEC warrants that there have been no misstatements of fact in the registration statement.
                    D) because the SEC has recently announced the fund's registration statement effective, the client can rest
                    assured that it is a sound long-term investment.


                    2. Which of the following is not a potential advantage associated with investing through a mutual fund?

                    A) lower cost associated with portfolio management
                    B) simplified recordkeeping
                    C) price discovery
                    D) diversification


                    3. Under current tax laws, which of the following distributions received from a mutual fund qualify for
                    preferential tax treatment?
                    I. short-term capital gains
                    II. long-term capital gains
                    III. qualifying dividends
                    IV. non-qualifying dividends

                    A) I, II, and III only
                    B) II and III only
                    C) I, II, III, and IV
                    D) III only


                    4. Which of the following statements regarding both a Uniform Gifts to Minors account (UGMA) and a
                    Uniform Transfers to Minors account (UTMA) is false?

                    A) Once established, the account is irrevocable.
                    B) There can be only one custodian named on the account.
                    C) The account must be established in the name of one minor child only.
                    D) The assets must be re-registered in the minor child's name when the child turns 18.


                    5. 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) the current public offering price (POP) of your holdings.
                    B) none of the above.
                    C) the current NAV of your holdings.
                    D) the price you paid when you purchased the shares originally.


                    Solutions:

                    Question # 1
                    Answer: A
                    Question # 2
                    Answer: C
                    Question # 3
                    Answer: B
                    Question # 4
                    Answer: D
                    Question # 5
                    Answer: B

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