Investment Company Products/Variable Life Contracts Representative Exam

The Investment Company Products/Variable Life Contracts Representative Exam, commonly referred to as the Series 6, is a multiple choice exam that registers an individual to transact a limited set of securities:

Mutual funds
Closed-end funds on the initial offering only
Unit Investment Trust
Variable Annuities
Variable Life Insurance
Municipal Fund Securities

A Series 6 registered individual cannot transact in corporate securities, direct participation programs (DPPs), or option products. This exam is administered by the Financial Industry Regulatory Authority (FINRA, previously known as the NASD). In order to take the exam an individual must be sponsored by a firm who is a member of FINRA or is a Self Regulatory Organization (SRO).
Test Breakdown # of Questions % of Exam
Securities Markets, Investment Securities and Economic Factors 8 8%
Securities and Tax Regulations 23 23%
Marketing, Prospecting and Sales Presentations 18 18%
Evaluation of Customers 13 13%
Product Information: Investment Company Securities and Variable Contracts 26 26%
Opening and Servicing Customer Accounts 12 12%
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