Finra series 6 - Study guides, Class notes & Summaries

FINRA SERIES 6 QUESTIONS AND ANSWERS WITH SOLUTIONS 2025

On the 2-year anniversary of their registration and every 3 years thereafter. When must RRs complete the Regulatory Element of Continuing Education? True True or False: Firm Element Continuing Education requires BDs to update employees on job and product-related subjects. U4 To apply for a securities license, one must file Form _____ with FINRA. Action (buy/sell), Amount (quantity), and Asset (security) What three items must be specified on a not held order A not held order will be c...

wrap account (definition) an account in which one fee (usually 1-3%) is assessed by the broker-dealer for a number of services being provided to cover administrative, portfolio management, and transaction costs; best for a client that intends to trade frequently; offered by a BD but managed by an investment advisor A broker-dealer must notify a new customer that it is required to verify her identity: Before the account is opened A resolution would be required in order to open a: Corporate ...

A client's order was executed outside its limit price. The registered representative (RR) notices the error and adjusts the confirmation to reflect an execution price within the limit price. The RR's actions are: Unacceptable, because changes are not permitted to be made on the confirmation Advertising for municipal fund securities investments must be approved by which of the following prior to its initial use? A principal of the firm that is selling the program A 75-year-old client is l...

Investment of Money, Common Enterprise, Expectation of Profits, Derived from Efforts of a Person (other than investor) correct answers For an instrument to be a security, the court held, it must constitute... Common Enterprise correct answers An enterprise in which the fortunes of the investor are interwoven with those of either the person offering the investment, a third party, or other investors Note, Stock, Treasury Note, Bond, Debenture, Evidence of Indebtedness, Certificate of Interes...

FINRA Series 6

FINRA Series 6 Exam Questions & Answers 2023/2024 Retail Communication - ANSWER-"any written (including electronic) communication that is distributed or made available to more than 25 retail investors within any 30 calendar-day period. *Preapproval of a principal is required (prior to use). Correspondence - ANSWER-written or electronic communication that is distributed or made available to 25 or fewer retail investors within any 30-calendar-day period **Pre- or post-review of a principa...

FINRA Series 6.

(Wiley FINRA series) Securities Institute of America - Wiley series 63 exam review 2016 + test bank_ the uniform securities state law examination-John Wiley and Sons (2016).pdf (Wiley FINRA series) Securities Institute of America - Wiley series 63 exam review 2016 + test bank_ the uniform securities state law examination-John Wiley and Sons (2016).pdf (Wiley FINRA series) Securities Institute of America - Wiley series 63 exam review 2016 + test bank_ the uniform securities state law examin...

What factors determine the number of annuity units an investor will receive after annuitizing a variable annuity? 1) The payout option 2) Assumed interest rate (AIR) 3) The annuitant's age 4) The annuitant's gender Who must sign a new account form? The two signatures required on a new account form are from the registered representative and the principal. What is the purpose of the form U-4? The purpose of the form U-4 is to register a registered representative with a member firm. B...