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 (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%

The time limit for the exam is 2 hours and 15 minutes to complete 100 questions. 70% is considered passing.

While one can study from the content outline provided by FINRA, many choose to use the materials of a third-party training vendor such as The Securities Institute of America, Inc.

[edit] See also

• List of Securities Examinations
• Series 7
• Series 24
• Series 63
• NASD
• FINRA

[edit] Sources

Financial Industry Regulatory Authority (http://www.finra.org)

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