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

Series6 Exam Simulator
  • Exam Code: Series6
  • Exam Name: Investment Company and Variable Contracts Products Representative Examination (IR)
  • Updated: Aug 28, 2026
  • Q & A: 325 Questions and Answers

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FINRA Series6 exam simulator

FINRA Series6 Exam Syllabus Topics:

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

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

Question 1

Which of the following is not required to be included in a management company's prospectus?

A. the potential risks to which the company's investors are exposed
B. a statement of the investment objective of the company
C. the various fees charged by the company
D. the financial statements of the company


Question 2

The Slippery Fund is a high-yield bond fund, which means it invests a substantial amount of its money in:

A. junk bonds.
B. investment-grade bonds.
C. bonds with an AAA rating.
D. high-quality bonds.


Question 3

The subaccounts into which Mr. Sumrisk directed his variable life premiums have earned a 6% return. If
the assumed interest rate was 7%:
I. the cash value of his policy increased.
II. the death benefit associated with his policy decreased.
III. the cash value of his policy decreased.
IV. the death benefit associated with his policy increased.

A. both III and IV
B. both I and IV
C. both II and III
D. both I and II


Question 4

Which of the following are duties of the specialist on an exchange floor?
I. executing limit orders if/when the limit price specified is reached
II. minimizing any imbalance in supply and demand for the stock(s) that the specialist is assigned
III. determining an opening price for each assigned stock every day
IV. serving as an auctioneer for the shares of the assigned stocks

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


Question 5

The "statement of additional information" (SAI) that mutual funds and closed-end funds are required to
produce:

A. Both A and B are true statements.
B. must be provided to prospective investors whenever an offer to sell shares of these funds is made.
C. usually contains some biographical information on the officers and directors of the fund.
D. must be sent to shareholders of the fund on at least a semiannual basis.


Solutions:

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

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