FINRA Series6 actual dump : Investment Company and Variable Contracts Products Representative Examination (IR)

Series6
  • Exam Code: Series6
  • Exam Name: Investment Company and Variable Contracts Products Representative Examination (IR)
  • Updated: Jun 03, 2026
  • Q & A: 325 Questions and Answers

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FINRA Investment Company and Variable Contracts Products Representative Examination (IR) Sample Questions:

1. Which of the following stock funds would you expect to be the least risky?

A) income
B) growth
C) balanced
D) value


2. Which of the following qualifies as an insider under the definition provided by the Securities Exchange Act
of 1934?
I. a member of the board of directors of a firm
II. the vice-president of marketing of a firm
III. an investor who owns 5% of the voting stock of the firm
IV. the daughter of the CEO of a firm

A) I and II only
B) I, II, III, and IV
C) I, II, and III only
D) I, II, and IV only


3. Which of the following statements regarding callable bonds is false?

A) The issuer of a callable bond is most likely to redeem the bond early when interest rates fall.
B) A callable bond protects the investor by allowing him to sell his bond back to the issuer and invest in
another, similar-risk bond that pays a higher rate of interest should the investor choose to do so.
C) Investors in callable bonds are subject to prepayment risk.
D) Callable bonds offer a higher yield than non-callable bonds, all else equal.


4. NewWave Investments, a family of mutual funds, hires the star of a new motion picture about the
workings of Wall Street to provide a testimonial as part of NewWave's new television ad campaign. The
actor's financial adviser has, in fact, invested some of the actor's monies in NewWave's funds. NewWave
provides the actor with a script in which the actor explains the concept of dollar cost averaging to the
viewers. At the conclusion of the actor's explanation, the viewers are informed that the actor has been
paid for his testimonial, that his experience may not be representative of that of other clients, and that past
performance is no guarantee of future performance. Based on these facts:

A) NewWave has violated a FINRA rule stipulating that testimonial providers can receive no payment for
their testimonies.
B) NewWave has violated no rules; it has complied with all of FINRA's disclosure requirements.
C) NewWave has violated a FINRA rule that prohibits testimonials of public figures from being used in
advertisements.
D) NewWave has violated a FINRA rule requiring that any testimonial that contains a technical aspect
related to investing must be given by someone who has both the knowledge and experience to hold a
valid opinion on the topic.


5. A discretionary account authorization permits a registered representative to decide:

A) what specific asset to purchase or sell.
B) all of the above.
C) how much of an asset to buy or sell for the account.
D) whether to make a purchase or a sale.


Solutions:

Question # 1
Answer: C
Question # 2
Answer: D
Question # 3
Answer: B
Question # 4
Answer: D
Question # 5
Answer: B

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