Series 6 greenlight guarantee pass our greenlight exam within 5 days of your actual exam, and if you do not pass, we will refund your money. Detailed look at the features of equity and debt securities, their investment risks, important vocabulary terms, and. Securities are escrowed to maturity when the proceeds of the refunding securities are deposited in escrow for investment in an amount sufficient to pay the principal of and interest on the issue being refunded on the original interest payment and maturity dates. Before you can sit for the series 6 licensing exam, you must pass a criminal background check and be sponsored by a selfregulatory organization such as the securities and exchange commission or a business that is a participating finra member. The series 6 is a licensing examination that you must pass to be entitled to sell mutual funds and variable annuities to investors. A detailed overview of the series 6 exam an analysis of regulatory fundamentals and business. The series 6 exam the investment company and variable contracts products representative qualification examination ir assesses the competency of an entrylevel representative to perform their job as an investment company and variable contracts products representative. Maximum maturity for commercial paper and bankers acceptance. Here is an example of the series 6 online training materials you can find at.
In the united states, the investment company productsvariable life contracts representative exam, is commonly referred to as the series 6 exam. Debt security issued or guaranteed by an agency of the federal government or by a governmentsponsored enterprise gse. Question formats on the securities industry essentials exam. Mar 03, 20 here is an example of the series 6 online training materials you can find at. The act, in violation of sec rule 10b5 and the insiders trading and securities fraud enforcement act of 1988, of purchasing or selling securities or derivative instruments based on those securities based on information known to the party purchasing or selling the securities in his capacity as an insider e. Series 6 license financial definition of series 6 license.
Series 6 exam vocabulary term definition registered. Compucram is your study guide that makes sure youe ready to pass the securities series 6 exam the first time. These securities are deposited in a us bank and the receipts trade on us. Feb 14, 2019 the series 6 is a securities license entitling the holder to register as a companys representative and sell mutual funds, variable annuities and insurance. The series 6 is a tough exam, especially for those who find it is their first introduction to the world of securities.
Series 6 exam secrets study guide is the ideal prep solution for anyone who wants to pass the series 6 exam. The fee is usually based on a percentage of assets under management or on an incentive schedule, providing compensation based on a comparison. Wout 1929 crash there would be no federal securities act. American stock exchange a stock exchange in new york bourse the stock exchange in paris new york stock exchange a stock exchange in new york types. Learn vocabulary, terms, and more with flashcards, games, and other study tools. The term used under state law to define a securities salesperson who represents a brokerdealer or an issuer when selling or trying to sell securities to the investing public. Specifically, a series 6 registered individual cannot transact in corporate securities, direct participation programs, municipal securities, or option products. Master the key vocabulary of the series 6 exam morris, lewis on. Individuals passing this multiple choice exam are licensed to sell a limited set of securities products. Stc usa helps you to prepare for your unspecified license type exam. Passguide series 6 exam questions, finra series 6 practice. Their shares are often referred to as control stock.
The examination, which is administered by nasd, is a 100question multiple choice test that puts primary emphasis on knowledge of the products plus the securities and tax regulations that apply. Candidates must pass the securities industry essentials sie exam and the series 6 exam to obtain the investment company and variable contracts products registration. The series 6 exam may be complicated, but with the right study materials, you can pass with a grade you are proud of. The series 6 is a securities license entitling the holder to register as a companys representative and sell mutual funds, variable annuities and insurance. Series 63 vocabulary flashcards direct ship from ad banker rating select rating 1 star worst 2 stars 3 stars average 4 stars 5 stars best name. Accredited investor include institutional investors and individuals who. The financial industry regulatory authority finra is a nongovernment entity charged with regulating the financial industry. Nov 08, 2019 the series 6 is a tough exam, especially for those who find it is their first introduction to the world of securities. Finra is an agency under the north american securities administrators association nasaa. Other than an insurance policy or fixed annuity, a. Principal the role that an underwriter assumes in a firm. The study guide contains charts, graphs and practice questions, as well as a glossary of key. This type of registration is accepted only by finra investment companies variable annuities member firms. Kaplan financial educations securities licensing exam prep packages provide all the necessary tools to help you prepare, practice, and perform on the finra series 6 exam, investment company and variable contracts products representative qualification examination.
Series 6 investment company and variable contracts products. Series 6 investment company and variable contracts. General securities representative series 7 this registration qualifies a candidate for the solicitation, purchase andor sale of all securities products, including corporate securities, municipal securities, municipal fund securities, options. Minimum requirement for investment companiesics to send reports to shareholders. General securities representative series 7 this registration qualifies a. For more information about the sie and series 6 exams, refer to finra rule 1210 and finra rule 1220b7. Investment companyvariable contracts limited representative. Passing the series 6 exam qualifies an individual to function as an agent of a broker dealer and allows the limited representative to transact business in mutual funds closedend funds on the initial offering only, unit investment trusts, variable annuities, and variable life insurance products. The following glossary of terms is intended only for use by brokercheck users to assist. This product is designed for the most current version of the securities series 6 licensing exam. Productsvariable contracts limited representative series 6 brokers in this. The securities industry essentials sie exam requires you to master vocabulary, handle customer accounts, understand the rules and regulations that govern the securities industry, and yes, work with some math formulas although very few. Securities glossary, securities law glossary, securities.
Series 6 vocabulary flashcardsdirect ship from ad banker. A holder of the series 63 license is qualified to trade securities any place in the united states, and series 6 and 7 license holders who wish to advise and transact are required to have this license as well. Minimum waiting period for series 6 candidates who fail of 3rd or later attempts. Free flashcards to help memorize facts about series 6 unit 1 kaplan. This course is designed to prepare you for the series 63 exam, covering all of the topics outlined in the official test materials provided by nasaa. Compucram is the only exam prep system on the market today that integrates vocabulary tools, practice testing and comprehensive simulated exams into an allinone solution. Series 6 flashcards flashcard machine create, study and. Learn securities series 6 with free interactive flashcards.
The investment company and variable contracts products. Solomon series 6 flashcard pack will help you learn foundational securities. More 61 vocabulary for the expresate, level 1 series. The series 6 exam prep software is a must have product to ensure you have mastered the knowledge and are ready to pass your series 6 exam. In this article, well give you six additional easy tips on how to approach. Variable annuity representative the series 6 examination is required for individuals who wish to sell only investment company shares and variable annuities. This detail is all the information you need to answer the question correctly, because you know that conservative investors arent looking to take a lot of investment risks and that u. A technical theory that claims that securities analysis is unneccessary and throwing darts will. The series 6 and series 63 licenses are documents granting the holder permission to engage in certain securities transactions such as selling shares in mutual funds. You dont need to know much about cmos for the exam, but there are a few things you should know, just in case you get a random cmo question and dont be surprised if you do. Investment objective preservation of capital investment application money market instruments and money market mutual funds are the main tools in this area. Detailed look at the features of equity and debt securities, their investment risks, important vocabulary terms, and likely exam questions. Another strategy is a portfolio combining some growth securities and some income securities. Registered representative a licensed employee of a finra member firm.
Mometrix test preparation has designed both a detailed study guide and flashcards that contain all the information you will need in order to pass the series 6 exam. At the securities institute, securities training is all we do. Flagler drive, ste, 600, west palm beach, fl 33401. The term used under state law to define a securities salesperson who represents a brokerdealer or an issuer when selling or trying. Test that registers an individual to transact a limited set of securities.
The series 7 including the foreign modules or the series 62 is the prerequisite to the series 55. More 6 1 vocabulary for the expresate, level 1 series. Relinquishing control of a lumpsum of money in return for a guaranteed series of payments for the life of the contract. Choose from 500 different sets of securities series 6 flashcards on quizlet. Series 6 chapter 5 investment company securities and variable. Securities industry essentials exam for dummies cheat sheet. Study series 6 flashcards at proprofs securities and markets. The frequent series 6 updates feature, ensure that the candidates knowledge is up to date and they can prepare for an exam anytime they want, this efficient investment company and variable contracts products representative series 6 training material feature is the major cause of the success of our candidates in series 6 exam question. A private placement is a sale of securities that is made to a group of accredited investors and the securities are not offered to the general public. Our results speak for themselves, with more than 100,000 success stories.