Preparatory course Series 6 USA American Broker Examination (FINRA)

Series 6 – Investment Company and Variable Contracts Products Representative Exam


The Series 6 exam
— the Investment Company and Variable Contracts Products Representative Qualification Examination (IR) — assesses the competency of an entry-level representative to perform their job as an investment company and variable contracts products representative.
The exam measures the degree to which each candidate possesses the knowledge needed to perform the critical functions of an investment company and variable contract products representative, including sales of mutual funds and variable annuities.
Candidates must pass the Securities Industry Essentials (SIE) exam and the Series 6 exam to obtain the Investment Company and Variable Contracts Products registration. For more information about the SIE and Series 6 exams, refer to FINRA Rule 1210 and FINRA Rule 1220(b)(7).
The Series 6 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the six major job functions of an options principal. You can find them in the curriculum section.

Permitted Activities

A candidate who passes the Series 6 exam is qualified for the solicitation, purchase and/or sale of the following securities products:

  • Mutual funds (closed-end funds on the initial offering only)
  • Variable annuities
  • Variable life insurance
  • Unit investment trusts (UITs)
  • Municipal fund securities [e.g., 529 savings plans, local government investment pools (LGIPs)]

This information is based on https://www.finra.org/registration-exams-ce/qualification-exams/series6

Seeks Business for the Broker-Dealer from Customers and Potential Customers

1
Contacts current and potential customers in person and by telephone, mail and electronic means; develops promotional and advertising materials and seeks appropriate approvals to distribute marketing materials
2
Describes investment products and services to current and potential customers with the intent of soliciting business

Opens Accounts After Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives

1
Informs customers of the types of accounts and provides disclosures regarding various account types and restrictions
2
Obtains and updates customer information and documentation, including required legal documents, and identifies and escalates suspicious activity
3
Makes reasonable efforts to obtain customer investment profile information including, but not limited to, the customer’s other security holdings, financial situation and needs, tax status and investment objectives
4
Obtains supervisory approvals required to open accounts

Provides Customers with Information About Investments

1
Provides customers with information about investment strategies, risks and rewards, and communicates relevant market, investment and research data to customers
2
Reviews and analyzes customers’ investment profiles and product options to determine that investment recommendations meet applicable standards
3
Provides required disclosures regarding investment products and their characteristics, risks, services and expenses
4
Communicates with customers about account information, processes requests and retains documentation

Obtains and Verifies Customers’ Purchase and Sales Instructions; Processes

1
Provides current quotes
2
Processes and confirms customers’ transactions pursuant to regulatory requirements and informs customers of delivery obligations and settlement procedures
3
Informs the appropriate supervisor and assists in the resolution of discrepancies, disputes, errors and complaints

Rules & Regulations

1
FINRA rules
2
SEC Rules and Regulations
3
MSRB Rules
Candidates must be associated with and sponsored by a FINRA member firm or other applicable self-regulatory organization (SRO) member firm to be eligible to take FINRA representative-level qualification exams. For more information on registration requirements refer to FINRA Rule 1210. The SIE exam is a corequisite to the Series 6 exam. Candidates must pass both the Series 6 exam and the SIE exam to obtain the Investment Company and Variable Contracts Products registration.



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Enrolled: 35 students
Duration: 100 hours
Lectures: 16
Video: 9 hours
Level: Advanced

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Monday 9:30 am - 6.00 pm
Tuesday 9:30 am - 6.00 pm
Wednesday 9:30 am - 6.00 pm
Thursday 9:30 am - 6.00 pm
Friday 9:30 am - 5.00 pm
Saturday Closed
Sunday Closed