FINRA Series 6–Investment Company and Variable Contracts Products Representative exam FAQs
What is the FINRA Series 6–Investment Company and Variable Contracts Products Representative exam?
The FINRA Series 6–Investment Company and Variable Contracts Products Representative exam validates the capability of an entry-level representative to perform job roles of an investment company and variable contracts products representative. Moreover, the exam measures the level up to which the person has the knowledge that is required in performing complex functions of an investment company and variable contract products representative, inclusive of sales of mutual funds and variable annuities.
What are the requirements for FINRA Series 6–Investment Company and Variable Contracts Products Representative exam?
So, to be eligible to take FINRA representative-level qualification exams, you need to fulfill the following conditions:
- Association with and sponsored by a FINRA member firm or any other applicable self-regulatory organization (SRO) member firm.
- The SIE exam acts as a corequisite to the Series 6 exam.
- Also, you must pass both the Series 6 exam and the SIE exam to obtain the Investment Company and Variable Contracts Products registration.
What is the syllabus of this exam?
The syllabus of exam has 4 broad sections given as follows:
1: Seeks Business for the Broker-Dealer from Customers and Potential Customers
2: Opens Accounts After Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives
3: Provides Customers with Information About Investments, Makes Recommendations, Transfers Assets and Maintains Appropriate Records
4: Obtains and Verifies Customers’ Purchase and Sales Instructions; Processes, Completes and Confirms Transactions
What is the duration for completion of FINRA Series 6–Investment Company and Variable Contracts Products Representative exam?
The time duration of the exam is 1 hour 30 minutes .
What kind of questions come in this exam?
Holostically, the questions asked in the exam are all multiple-choice type questions.
How can one schedule the FINRA Series 6–Investment Company and Variable Contracts Products Representative exam?
For scheduling the exam, firstly enroll yourself with FINRA. Then, you will automatically be directed to the correct enrollment process for that exam. Once you are enrolled to take an exam, FINRA will post a 120-day window in which you can schedule an appointment with Prometric, that is their test delivery vendor, to take the exam. Also, it is recommended for you to schedule the exam session in advance as soon as possible to secure the desired exam date.
FINRA offers you the choice to take an exam at a local test center or, for a limited number of exams, remotely online conducted exam. For either appointment type, make sure that you are prepared in advance of your test appointment and also familiar with what to expect on the day of your exam.
How much do one need to score in order to pass the exam?
The passing score for the exam is 70%.
Where can one find online training for preparation of this exam?
FINRA has transformed the delivery of the Continuing Education (CE) Regulatory Element to an online format called the CE Online Program. The CE Online Training Program provides participants with the flexibility to satisfy their CE Regulatory Element requirement from a computer anytime and anywhere.
Who is considered a candidate with limited English proficiency?
Candidates with LEP are those who don’t speak English as their primary language and have only limited ability to read, speak, write or understand English.
How is FINRA Series 6–Investment Company and Variable Contracts Products Representative exam beneficial?
Candidates who pass the Series 6 exam are qualified for solicitation, purchase and sale of the following securities products:
- Mutual funds
- Unit investment trusts
- Municipal fund securities
- Variable annuities
- Variable life insurance
How many questions does this exam asks?
50 questions
How can one prepare for this exam?
In order to prepare, you can follow these methods:
- Go through the exam objectives
- Review the details of exam
- FINRA has transformed the delivery of the Continuing Education (CE) Regulatory Element to an online format called the CE Online Program. The CE Online Program provides participants with the flexibility to satisfy their CE Regulatory Element requirement from a computer anytime and anywhere.
- Before, appearing for the exam, you can check out FINRA’s exam tutorial for better understanding of how system functions.
- You can also try the SIE practice test that is made available at the official site. For taking the test, Click here
- Join study groups
- Practice tests
What does Testpreptraining offer for this exam?
Testpreptraining offers practice tests that are both reliable and enough to practice in order to ace the exam with flying colours. It provides:
- unique sets of professionally designed questions that make it easier for the candidate to give the actual exam
- mock tests
- allows you to create your own practice tests
- has a pool of experts to address your queries
