Series 6 - FINRA Investment Company Products/Variable Contracts Representative Exam
How do I register to take the Series 6?
To take the Series 6, a FINRA member firm must file a Form U4 application on your behalf through FINRA’s Central Registration Depository (CRD). You will have to get fingerprinted and answer a lengthy set of questions about your background.
What does the Series 6 qualify me to do?
A Series 6 Investment Company Products/Variable Contracts Limited Representative is permitted to solicit, purchase and/or sell securities of companies registered under the Investment Company Act of 1940, including mutual funds, initial offerings of closed-end funds, variable annuities, variable life insurance, unit investment trusts (UITs), and municipal fund securities [529 savings plans and local government investment pools (LGIPs)]. The Series 6 registration does not permit a representative to buy or sell exchange-traded funds (ETFs); to do that you need a Series 7 General Securities Representative Qualification.
How long should I prepare for this exam?
We recommend studying 60-80 hours over a four week period.
What score do I need to pass the exam?
A score of 70% is required for passing.
Note: Your score will be rounded down to the next lowest whole number (e.g. 69.9% would be a final score of 69%--not a passing score for the Series 6 Exam).
How many questions are on the exam?
There are 50 scored and 5 unscored questions. The 5 unscored questions are randomly distributed, so test-takers do not know which questions are not scored. The unscored questions are being tried out by the exam committee.
How long is the exam?
90 minutes. You are allowed to take restroom breaks during the exam; however, the clock will continue counting down. Please contact your preferred testing center for additional information.
Are there other FINRA exams I need to complete as a prerequisite to attempting the Series 6?
You will also be required to take the Securities Industry Essentials (SIE) exam, unless you have passed certain other licensing exams prior to October 1st, 2018.
How much does the exam cost?
The cost of the exam is $40 at this writing.
If I stop working for my firm, how long will my Series 6 license remain active?
You will have two years between jobs before the license expires.
When you cease working for a firm, your employer will file a Form U5 to terminate your registration. Your next employer will file a Form U4, which will re-register you. As long as you do not exceed two years between employers, your Series 6 license will remain active.
General exam questions? See our general FAQs.
For information about Solomon Exam Prep’s Series 6 exam study materials, please click here.