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

  • Exam Code: Series6
  • Exam Name: Investment Company and Variable Contracts Products Representative Examination (IR)
  • Updated: Sep 18, 2026
  • Q & A: 325 Questions and Answers

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About FINRA Series6 Exam

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FINRA Series6 Exam Syllabus Topics:

SectionWeightObjectives
Obtains and Verifies Customers’ Purchase and Sales Instructions; Processes, Completes and Confirms Transactions10%- Trade confirmations and account statements
- Error resolution and correction procedures
- Order entry and processing procedures
- Payment and settlement processes
Provides Customers with Information About Investments, Makes Recommendations, Transfers Assets and Maintains Appropriate Records50%- Variable contracts: variable annuities, variable life insurance
- Recordkeeping and disclosure requirements
- Investment company products: mutual funds, UITs, closed-end funds
- Suitability rules and recommendations
- Retirement plans and 529 savings plans
- Product features, risks, costs, and tax considerations
Seeks Business for the Broker-dealer from Customers and Potential Customers24%- Communications with the public and regulatory rules
- Telemarketing and solicitation rules
- Prospecting and identifying customer needs
- Advertising and sales literature regulations
Opens Accounts After Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives16%- Anti-money laundering (AML) and compliance
- Customer identification and verification
- Financial profile and investment objectives assessment
- Account types and registration

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

Question #1

Your client, Mr. Whiff, knows nothing about investment companies, and you are educating him about the
advantages of investing through one, rather than investing in individual stocks and bonds. Which of the
following statements could get you in trouble?

  • A. "By investing your money through an investment company, you are getting the benefit of professional
    management."
  • B. "In investing through an investment company you will be able to invest a small amount of money and
    achieve greater diversification than you could otherwise."
  • C. "An investment in an investment company gives you an undivided interest in the company, in
    proportion to the number of shares you own."
  • D. "Investing through an investment company will result in a lower tax bill than had you invested in
    individual stocks and bonds."
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #2

Which of the following would be the most suitable investment for a client who has retired and needs some
current income to augment her social security check?

  • A. U.S. government bond fund
  • B. money market fund
  • C. growth fund
  • D. variable life policy
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #3

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  🗳️

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Question #4

A broker-dealer is required to file a Currency Transaction Report with the Treasury Department for:

  • A. any cash transaction exceeding $3,000.
  • B. any transaction exceeding $10,000 in value.
  • C. any cash transaction exceeding $10,000.
  • D. any transaction exceeding $5,000.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #5

George Geek is 30 years old, single, and earns $103,000 a year as a software engineer for a small,
start-up IT company. George's company does not itself offer a retirement plan, and George is considering
his options. The current contribution limits for both the traditional IRA and Roth IRA plans is the lesser of
$ 5,000 or 100% of earned income. Which of the following statements applies to George's situation?

  • A. Assuming that George can contribute to both the traditional IRA and the Roth IRA under the current
    income thresholds, he will be allowed to contribute $5,000 to each of the plans.
  • B. George's contributions to a traditional IRA will be tax-deductible.
  • C. George's contributions to a Roth IRA will be tax-deductible as long as his income is below the threshold
    specified by the IRS for the current year.
  • D. Assuming that George can contribute to both a traditional IRA and a Roth IRA under the current
    income thresholds, his combined contribution to the two plans cannot exceed $5,000.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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