Free FINRA Series-6 Exam Questions
Absolute Free Series-6 Exam Practice for Comprehensive Preparation
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FINRA Series-6 Exam Questions
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Provided By: FINRA
- Exam: Investment Company and Variable Contracts Products Representative
- Certification: FINRA Representative-level
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Total Questions: 328
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Updated On: Apr 16, 2026
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Rated: 4.9 |
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Online Users: 656
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Question 1
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Which of the following would not have to register as an investment adviser or an investment adviser representative under the Investment Advisers Act of 1940? I. an insurance agent who sells only whole life and term life policies II. a commodity futures broker III. a bank employee who sells the bank’s customers only CDs and other bank securities that are FDIC-insured IV. a person that is registered as a broker-dealer with the SEC that also provides investment advice to its customers for additional compensation
Answer: B
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Which of the following would not have to register as an investment adviser or an investment adviser representative under the Investment Advisers Act of 1940? I. an insurance agent who sells only whole life and term life policies II. a commodity futures broker III. a bank employee who sells the bank’s customers only CDs and other bank securities that are FDIC-insured IV. a person that is registered as a broker-dealer with the SEC that also provides investment advice to its customers for additional compensation
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Question 2
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Phil Anthropy wrote his cousin a $15,000 check to pay for medical bills the cousin had accumulated. He also distributed $5,000 checks to three nephews who were in college, and gave his mother a check for $12,000. Have Phil’s actions triggered any gift taxes?
Answer: B
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Phil Anthropy wrote his cousin a $15,000 check to pay for medical bills the cousin had accumulated. He also distributed $5,000 checks to three nephews who were in college, and gave his mother a check for $12,000. Have Phil’s actions triggered any gift taxes?
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Question 3
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Uncle Scrooge (uncharacteristically) wants to set up a Section 529 college savings plan for his nephew, Louie. If he does so:
Answer: D
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Question 4
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Which of the following statements regarding CMOs is false?
Answer: A
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Which of the following statements regarding CMOs is false?
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Question 5
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The total of a mutual fund’s front-end load, rear-end load, and 12b-1 fees may not exceed:
Answer: C
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The total of a mutual fund’s front-end load, rear-end load, and 12b-1 fees may not exceed: