Series 6 Test Information

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Series 6 Test Information

By: Mark123456

Series 6 Test Overview

Exam administration: The Series 6 test is multiple choice and is given on computer
Number of questions: 100 questions
Passing score required: 70%
Pre-requisites: You have to be sponsored by a broker/dealer to schedule to sit for the exam through FINRA (Previously the National Association of Securities Dealers (NASD))
Exam Fee: $75. Exam location: See FINRA site.
Exam dates: The Series 6 exam is administered Monday through Friday

Common Series 6 Exam Candidate 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.

What content does the Series 6 exam cover?

The Series 6 exam is very broad and covers content such as stocks, bonds, options, investment strategies, suitability, mutual funds, retirement plans, federal securities laws, and taxes. The exam is administered by the Financial Industry Regulatory Authority (FINRA) (formerly known as the National Association of Securities Dealers (NASD)).

Do I need a sponsor to take the Series 6 exam?

Yes, you will need to be sponsored by your employing broker/dealer to take this exam. If you do not have a sponsor you will be unable to take this exam. Generally, sponsorship relates to employment with a broker/dealer firm. We can not sponsor you to take this exam. We also cannot refer you to any specific firm as we provide training for many of the nations largest securities firms.

How do I schedule my Series 6 exam?

Usually your sponsoring broker/dealer firm will help you fill out and submit the necessary paperwork and fees to FINRA to open your window to take the 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 you short term 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 schedule. Each time a candidate retakes the exam another $75 testing fee is required.