Investment Company and Variable Contracts Products Representative Examination (IR): Series6 Exam
"Investment Company and Variable Contracts Products Representative Examination (IR)", also known as Series6 exam, is a FINRA Certification. With the complete collection of questions and answers, PrepAwayPDF has assembled to take you through 325 Q&As to your Series6 Exam preparation. In the Series6 exam resources, you will cover every field and category in FINRA Certification Certification helping to ready you for your successful FINRA Certification.
- Exam Code: Series6
- Exam Name: Investment Company and Variable Contracts Products Representative Examination (IR)
- Certification Provider: FINRA
- Corresponding Certification: FINRA Certification
- Updated: Sep 26, 2026
- No. of Questions: 325 Questions & Answers with Testing Engine
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FINRA Series6 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| 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
|
| Seeks Business for the Broker-Dealer from Customers and Potential Customers | 24% | - Prospecting and communication with clients
|
FINRA Investment Company and Variable Contracts Products Representative Examination (IR) Sample Questions:
Which of the following is true about a hedge fund?
- A. It is designed to help investors hedge their risk and, as such, is a low risk alternative to a mutual fund.
- B. It is more liquid than almost any investment other than a money market mutual fund.
- C. It has very low management fees since it is passively managed.
- D. It is closed to all but sophisticated, wealthy investors.
Correct Answer: D 🗳️
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A feature that gives a bondholder or the owner of preferred stock of a corporation the option to exchange
his security for shares of the common stock of the firm is called a:
- A. convertible feature.
- B. warrant.
- C. right.
- D. call feature.
Correct Answer: A 🗳️
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NASDAQ is:
- A. an acronym for Norway's major stock exchange.
- B. the government organization that insures accounts at U.S. brokerage firms.
- C. a computerized system that links together the U.S. regional exchanges.
- D. a computerized quotation system used in the over-the-counter market.
Correct Answer: D 🗳️
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After three warnings, Honest Broker-Dealer was forced to terminate Sly Conman, one of its
representatives, for making inaccurate statements when offering its mutual fund products to customers.
After his registration is terminated:
- A. Mr. Conman can apply for reinstatement of his license after 12 months.
- B. Mr. Conman can apply for reinstatement of his license after 6 months, but will have to pay any
applicable fees and retake a test. - C. Mr. Conman remains under the jurisdiction of FINRA for a period of 2 years.
- D. Mr. Conman remains under the jurisdiction of FINRA for a period of 1 year.
Correct Answer: C 🗳️
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Which of the following statements made by a registered representative selling a variable life insurance
policy would be likely to result in disciplinary action?
- A. "This variable life insurance policy offers a death benefit just like your traditional life insurance policy,
Ms. Client." - B. Both Statements A and B are likely to result in disciplinary action.
- C. "If you use the cash value of your existing life insurance policy, Ms. Client, you will be able to purchase
this new policy for little or no additional cash." - D. "Ms. Client, you should consider this as more of an investment than an insurance policy."
Correct Answer: B 🗳️
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