Study and Prepare with FINRA Series6 study material, That's Easy to pass With PracticeMaterial!
Last Updated: Jul 22, 2026
No. of Questions: 325 Questions & Answers with Testing Engine
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| Section | Weight | Objectives |
|---|---|---|
| Seeks Business for the Broker-Dealer from Customers and Potential Customers | 24% | - Topics in communications, marketing, and solicitation activities |
| Opens Accounts After Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives | 16% | - Account opening procedures and financial profile evaluation |
| Provides Customers with Information About Investments, Makes Recommendations, Transfers Assets and Maintains Appropriate Records | 50% | - Product information, suitability, recordkeeping and transfers |
| Obtains and Verifies Customers’ Purchase and Sales Instructions; Processes, Completes and Confirms Transactions | 10% | - Transaction processing and verification |
1. Joe Cool is a member of the All Greek Fraternity. A few of the alumni of his fraternity sat for the FINRA
Series 6 exam over the past couple of years and, using their cell phones, took pictures of the exam
questions. They forwarded these to their fraternity to be included in the test bank file the fraternity keeps
in its study room. Have there been any violations of FINRA/NASD rules in this instance?
A) No. It is standard practice for sororities and fraternities to compile test banks of old exams, and since
the forwarded tests are not copies of an actual future exam that will be administered, there has been no
violation of any rules.
B) Both A and C are true statements.
C) No. Rule 2110 only prohibits the reproduction and distribution of a previously administere d FINRA
exam for study purposes if the exams are being sold. As long as there is no compensation involved, a
violation has not been committed.
D) Yes. It is a violation of Rule 2110 for an exam-past or present-to be reproduced and distributed for
study purposes.
2. Which of the following retirement plans requires the employer to match employee contributions in
accordance with specific guidelines?
A) SIMPLE IRAs
B) Section 457 plans
C) both A and B
D) 401(k) plans
3. The essential difference between a 401(k) plan and a 403(b) plan is that:
A) the 403(b) plan is for employees of specific non-profit organizations whereas the 401(k) plan is for the
employees of private corporations.
B) contributions to 403(b) plans are always tax deductible, which is not the case with 401(k) plan
contributions.
C) the 403(b) plan is for small businesses while the 401(k) plan is for large corporations.
D) only employers can contribute to 403(b) plans while both employers and employees can contribute to
4 01(k) plans.
4. Simple Simon owns 1,000 shares in the Pasty Pie Corporation, which has just declared a stock dividend
of 5%.Just prior to this announcement, Pasty Pie was selling for $10 a share. This announcement will:
A) increase the number of shares that Simple owns to 1,050, but this will not affect the market value of
Simple's holdings.
B) increase Simple's cash by the amount of the dividend paid: 0.05 x $10 = $0.50 x 1,000 shares = $500.
C) increase Pasty's shares outstanding and reduce Simple's proportionate ownership in the firm.
D) increase the number of shares that Simple owns to 1,050, which will increase the market value of the
shares that he owns from $10,000 to $10,500.
5. A bond has a face value of $1,000, matures in 12 years, and pays an 4% coupon, with interest paid
semiannually. If the bond is priced to yield 3.5%, it is selling:
A) at its maturity value.
B) at par.
C) at a discount.
D) at a premium.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: D |
Lewis
Newman
Rock
Tyrone
Alice
Celeste
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