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

  • Exam Code: Series6
  • Exam Name: Investment Company and Variable Contracts Products Representative Examination (IR)
  • Updated: Jul 24, 2026
  • Q&As: 325 Questions and Answers

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FINRA Series6 Exam Syllabus Topics:

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

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

1. Which of the following describes a difference between a Roth IRA and a traditional IRA?
I. Anyone with earned income can contribute to a traditional IRA, but not everyone with earned income
can make contributions to a Roth IRA.
II. The contributions made to a traditional IRA may be tax deductible, but the contributions made to a Roth
IRA are never tax deductible.
III. Contributions made to a Roth IRA may be withdrawn without penalty at any time whereas contributions
to a traditional IRA may only be withdrawn without penalty when the contributor reaches 59 1/2 or if the
contributor meets some specific requirements (e.g., becomes disabled.)
IV. When a contributor to a traditional IRA turns 70 1/2 , he must begin making mandatory withdrawals, but
there are no mandatory withdrawals with a Roth IRA.

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


2. Mr. Walt Street has observed that a Treasury note maturing in November of 2019 and paying a 3.375%
coupon has a bid price of 105:25 and an ask price of 105:26.In this instance, what is the dealers' spread
for every $1,000 of par value?

A) $0.31250
B) $0.03375
C) $0.03125
D) $0.10000


3. You have a client, Richie Rich, who is in the 39.6% marginal tax bracket, and one of his investment goals
is to minimize his payments to the IRS. Which of the following instruments would serve this purpose?

A) U.S. Treasury bills
B) Both Selections A and B would serve to minimize his payments to the IRS.
C) general obligation bonds
D) an investment-grade corporate bond


4. Uncle Scrooge (uncharacteristically) wants to set up a Section 529 college savings plan for his nephew,
Louie. If he does so:

A) he can contribute at most $2,000 a year.
B) and Louie decides not to go to college, Uncle Scrooge can name Louie's brother, Huey, as the
beneficiary of the plan without any tax consequences.
C) his contributions will be tax deductible.
D) any withdrawals that Louie makes to cover tuition, books, and room and board will be free from both
federal and state taxes.


5. The totalof a mutual fund's front-end load, rear-end load, and 12b-1 fees may not exceed:

A) 8.5% of the fund's offer price.
B) 10.0%.of the fund's net asset value.
C) 10.0% of the fund's offer price.
D) 8.5% of the average annual net assets of the fund.


Solutions:

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

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