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
  • Download Limit: Unlimited

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FINRA Series6 Exam Syllabus Topics:

SectionWeightObjectives
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
        Obtains and Verifies Customers' Purchase and Sales Instructions10%- Order processing and transaction procedures
        • 1. Order entry and confirmation
          • 2. Settlement and trade verification
            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
                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

                    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.
                    Reveal Solution  Discussion  0

                    Correct Answer: D  🗳️

                    Explanation: Only visible for PrepAwayPDF members. You can sign-up / login (it's free).

                    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.
                    Reveal Solution  Discussion  0

                    Correct Answer: A  🗳️

                    Explanation: Only visible for PrepAwayPDF members. You can sign-up / login (it's free).

                    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.
                    Reveal Solution  Discussion  0

                    Correct Answer: D  🗳️

                    Explanation: Only visible for PrepAwayPDF members. You can sign-up / login (it's free).

                    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.
                    Reveal Solution  Discussion  0

                    Correct Answer: C  🗳️

                    Explanation: Only visible for PrepAwayPDF members. You can sign-up / login (it's free).

                    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."
                    Reveal Solution  Discussion  0

                    Correct Answer: B  🗳️

                    Explanation: Only visible for PrepAwayPDF members. You can sign-up / login (it's free).

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