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FINRA Series6 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Opens Accounts After Obtaining and Evaluating Customer Financial Profile | 16% | - Customer account types and documentation
|
| Topic 2: Provides Customers with Information About Investments | 50% | - Investment company securities and variable contracts
|
| Topic 3: Seeks Business for the Broker-Dealer from Customers and Potential Customers | 24% | - Prospecting and communication with clients
|
| Topic 4: Obtains and Verifies Customers' Purchase and Sales Instructions | 10% | - Order processing and transaction procedures
|
FINRA Investment Company and Variable Contracts Products Representative Examination (IR) Sample Questions:
1. Which of the following statements about non-qualified employer-sponsored retirement plans is false?
A) The plan does not have to abide by ERISA's vesting requirements.
B) An employer does not have to offer the plan to all employees over 21 years old.
C) The plan may be either funded or unfunded.
D) The earnings on the plan's contributions remain untaxed until they are withdrawn.
2. In 2008, Mr. Conservative bought a 1-year Treasury bill that was yielding 1.63%.The average annual rate
of inflation in 2008 was 3.85%.In this case:
A) Mr. Conservative earned a nominal return of +3.85% on his T-bill investment.
B) Mr. Conservative earned a real return of -2.22% on his investment.
C) Mr. Conservative earned a nominal return of +2.22% on his investment.
D) Mr. Conservative earned a real return of +1.63% on his investment.
3. One difference between a SEP-IRA and a SIMPLE IRA is that:
A) The SEP-IRA has a higher contribution limit than that allowed by a traditional IRA or a Roth IRA, but
the SIMPLE IRA contribution limits are the same as that of a traditional IRA or a Roth IRA.
B) The contributions made to a SEP-IRA are tax deductible, which is not the case with a SIMPLE IRA.
C) There is no difference; both names refer to the same type of IRA that is available to a small business or
a self-employed individual.
D) Only employers can make contributions to a SEP-IRA; both employees and employers can contribute
to a SIMPLE IRA.
4. Mr. Big of HiGrow Corporation needs more money to support the exceptional growth rate that his firm is
enjoying. He meets with BigFee Investment Banker, who agrees to handle the IPO for HiGrow. As part of
the process, BigFee's staff works with HiGrow's accountants to prepare the registration statement that is
filed with the SEC. After the issue has been sold to the public, Mr. Sharp, a CPA who has invested in the
stock of HiGrow, discovers that there are some accounting irregularities in the financial statements
provided in HiGrow's prospectus. Who can be sued for the misleading statements?
I. Mr. Big
II. Big Fee Investment Banker
III. HiGrow's accountants
IV. HiGrow's attorneys
A) I, III, and IV only
B) I, II, III, and IV
C) I and II only
D) II and III only
5. A fund's 12b-1 fees may not be used to pay which of the following?
A) mailing sales literature to existing and prospective customers
B) compensating brokers who sell shares of the fund
C) printing prospectuses
D) administrative expenses of the fund's investment adviser
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: D |




