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FINRA Series6 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Opens Accounts After Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives | 16% | - Account opening procedures and financial profile evaluation |
| Topic 2: Obtains and Verifies Customers’ Purchase and Sales Instructions; Processes, Completes and Confirms Transactions | 10% | - Transaction processing and verification |
| Topic 3: Seeks Business for the Broker-Dealer from Customers and Potential Customers | 24% | - Topics in communications, marketing, and solicitation activities |
| Topic 4: Provides Customers with Information About Investments, Makes Recommendations, Transfers Assets and Maintains Appropriate Records | 50% | - Product information, suitability, recordkeeping and transfers |
FINRA Investment Company and Variable Contracts Products Representative Examination (IR) Sample Questions:
1. Which of the following represents a secondary market transaction?
A) A home buyer obtains a mortgage through his savings and loan.
B) An investor buys Treasury bills in the regular Monday auction.
C) An investor buys 300 shares of Electromed (ELMD) at its IPO offer price of $4.00 a share.
D) An investor sells her shares of Sunvalley Solar, Inc. (SSOL), which sells on the OTC Bulletin Board for
$ 0.059 a share.
2. A bond has a face value of $1,000, matures in 12 years, and pays an 4% coupon, with interest paid
semiannually. If the bond is priced to yield 3.5%, it is selling:
A) at a discount.
B) at par.
C) at a premium.
D) at its maturity value.
3. Which of the following statements about hedge funds is true?
A) They are fairly low risk since the portfolio managers use investment strategies designed to "hedge their
bets."
B) They are considered to be very liquid investments.
C) They are not regulated by the Investment Company Act of 1940.
D) They have low management fees, like index funds.
4. Yvette is a recently-widowed 63-year-old. The couple had no children, and when her husband died, she
was the beneficiary of his $45,000 life insurance policy. She also receives benefits from his retirement
plan and social security, but this income falls about $300 short of covering her regular monthly expenses,
which includes a sizeable amount for health insurance. In the months since her husband's death, she sold
their larger home and purchased a condominium, netting $80,000 from the combined transactions. Yvette
was a homemaker all her life, and her husband handled all their finances, so Yvette is just learning how to
balance her checkbook. One thing she does know is that she is going to have to purchase a new car
within the next few months. Yvette is in good health and expects to live at least another 25 years. Which
of the following types of investments should be included in recommending an asset allocation to Yvette?
A) money market fund
B) life insurance policy
C) municipal bond fund
D) aggressive growth stock fund
5. The American Funds family of funds offers numerous funds to investors. Among these are a U.S.
government bond fund, a high-yield corporate bond fund, a diversified emerging markets fund, and a large
stock growth fund. Of these four, the one that would expose the investor to the most social and political
risk is its:
A) U.S. government bond fund.
B) large stock growth fund.
C) diversified emerging markets fund.
D) high-yield corporate bond fund.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: C |


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