AVAILABLE COURSES - Series 6
"Passed with an 82%! Study exam questions were very similar to the actual test." -Allen, Series 6
Option 1 - Online HD Series 6 Video Lecture Course
You get it ALL, which includes:
- Streaming and Downloadable Online Video
- Exam Specific PDF Study Manual
- Online Frequently Asked Questions
- Securities Glossary
- 781 Question Interactive Online Practice / Final Exam
All for ONLY $125 for 60 days of access! TWO discounted renewals are available within the initial year of registration.
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Kirby (Pass - Series 6)
SO WHAT IS THE SERIES 6 EXAM ALL ABOUT? CLICK HERE TO FIND OUT.
Click here for the vitals on the Series 6 Exam
- Exam administration: The Series 6 exam is multiple choice and is given on a computer.
- Number of questions: 105 (100 scoreable plus five experimental questions) / 135 minute time limit
- Passing score required: 70%
- Pre-requisites: You have to be sponsored by a broker/dealer to schedule to sit for the exam through FINRA.
- Exam fee: $100
- Exam locations: You can take the Series 6 exam with either Prometric (www.prometric.com) or Pearson VUE (www.pearsonvue.com).
- Exam dates: The Series 6 Exam is administered Monday through Friday.
Common Series 6 Exam Candidate Frequently Asked Questions:
Who takes the Series 6 exam?
The Series 6 exam is taken by an individual who wants the ability to sell Mutual Funds in the primary market and variable insurance products (including variable annuities). The Series 6 exam is generally taken by licensed insurance agents whose company is requiring they obtain their Series 6 license to market variable insurance products.
Is the Series 6 exam different state to state?
No, the Series 6 exam is a federal exam and is the same in every state.
Do I need any other securities licenses to hold a Series 6 license?
Depending on your state you may also be required to obtain a Series 63 license. Check with you manager.
Do I need a sponsor to take the Series 6?
How do I schedule my Series 6 exam?
What should I bring to the test center the day of my Series 6 exam?
You should bring your Key Facts from our Series 6 exam prep course to re-read just prior to going in to take your Series 6 exam. This will load your memory for the test. You cannot take anything into the test room with you other than what the proctor provides you. You will be able to leave your personal belongings in a locker in the testing center waiting room. They will provide you with a pen/pencil, scratch paper, and basic function calculator at the test site. Make sure to write down your cheat sheet on your scratch paper when you sit down at your cubicle prior to starting your Series 6 exam. This will allow you to refer back to it whenever you need to during the exam.
If I don't pass is there any waiting period that applies before I can retake the Series 6 exam?
The following waiting periods apply for individuals needing to retake the Series 6 exam following a failed attempt: (1) a minimum of 30 days after failing the first exam before the second taking of the exam can be scheduled; (2) a minimum of 30 days after failing the exam for the second time before the third taking of the exam can be scheduled; and (3) a minimum of 180 days after failing the exam for a third time before the fourth taking of the exam (and each subsequent taking) can be scheduled. Each time a candidate retakes the exam another $75 testing fee is required.
What do the questions on the Series 6 exam look like?
Here are two Series 6 exam questions that come from our materials that are very similar to the formatting and content of the questions on the exam:
1. Open-end investment company shares are quoted at $14.17 - $15.32. To determine the sales charge as a percentage of the amount invested, the procedure would be to:
A. Divide $15.32 by $14.17
B. Divide $1.15 by $15.32
C. Divide $14.17 by $15.32
D. Divide $1.15 by $14.17
2. Under Regulation T, if a customer does not pay on time and no extension has been granted, the brokerage firm must do all of the following EXCEPT:
A. Establish a margin account for the customer
B. Liquidate the trade
C. Freeze the customer's account for 90 days
D.Require cash in advance while the account is frozen
Answers and explanations to these questions found in our comprehensive Series 6 exam prep online and print materials are as follows:
1. Answer- B Explanation:
First, find the spread (or load or sales charge) by subtracting the BID (or NAV) price of $14.17 from the ASK price of $15.32, which is $1.15. Then divide $1.15 by the ASK price to find the sales charge as a percentage. $1.15 divided by $15.32 is 7.5%
2. Answer A Explanation:
If a customer does not settle within 5 business days, under FRB Regulation T, the broker/dealer firm must liquidate the trade (also known as a 'sell out') and freeze the customer's account for 90 days, during which time the customer may still make trades, but they have to pay cash in advance.