The FINRA (Monetary Industry Regulatory Authority) Investment Company Products/Variable Agreements Limited Representative Qualification Exam - also known as the Series 6 examination - can be used to be eligible individuals who are seeking registration with FINRA under Post III, Area 2 of the NASD By-Laws and applicable Membership, Enrollment and Qualification Rules.

At the end of the day - you’ll know that exams you need to take to get your financial skills, allowing you to industry and offer across the multitude of different platforms and locations.

If you need the series six license exam - then this overview is just for you! Let’s split it into as simple a test overview as you possibly can.

The Series 6 examination covers 6 areas:-
• Securities markets, Investment Securities and Economic Factors (8)
• Securities and Tax Legislation (23)
• Marketing, Prospecting and Sales Presentation (18)
• Evaluation of consumers (13)
• Product Info; Investment Organization Securities and Variable Agreements (26)
• Opening and Servicing Client Accounts (Twelve)

The figures in mounting brackets after every subject would be the number of concerns that each section has within the exam.
The exam is actually a several choice test with a total of 100 questions.

You’ve 135 minutes (2 1/4 hrs) in which to answer the concerns and you want to get 70% of the solutions correct to pass.

So let’s function that away - 120 minutes for 105 concerns, needing 70% appropriate. You can either approach it in the point of view of getting 1.28 minutes (Seventy seven seconds) for every question to assess and record your answer or you can target doing 70% (70) questions and becoming them all just right!
This would provide you with 1.92 minutes per question (or 115 seconds).

But I would not recommend that as an approach. Everything takes is for you to obtain confused or forgetful and miss just 1 query - and you’ve taken it.

Assume you are going to try and answer all 100 concerns and you’ll allow yourself 1 minute per query.
Then, when you have finished, you’ve still got 30 minutes remaining to review, think on some of the harder concerns and check your projects.

Although the examination is a closed book examination (no instructions or assists allowed in other words) you will be given a calculator and basic paper for scratch function.

Not that you would obviously but for anyone stupid or desperate enough to consider being unfaithful in the examination - remember that there are severe penalties for anybody caught being unfaithful a financial records exam!

Now for the bald eagle eyed among us who’re reading this and think I’ve added up the total number of questions through each section and got 100 - and therefore are now wondering why We said previously that there had been 105 concerns!

There are an additional 5 concerns added to the test that even though marked - are not scored. These concerns are additional because the series 6 license examination is regularly updated to cover and reflect the latest regulations and rules updates. Brand new questions are added and brought in to check their effectiveness and usability within an real exam framework. You won’t know which ones they are and don’t let it phase or worry you - it can make no actual difference for you when seated the test.

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