Series 6 Practice Questions

Welcome to your Series 6 Practice Exam

1) Under FINRA rule, a gift of any kind cannot exceed _______ per person per year.
2) American depository receipts are commonly used to facilitate US investors investing in _______________.
3)

The uniform securities act provides three methods of registration for public offerings of securities: Notice filing, registration by qualification, & _______________________

4) The _________, adopted by the SEC makes it the responsibility of the firm to safeguard customer’s information they collect from unauthorized access.
5) To maintain your Series 6 license you must complete continuing education. The continuing education consists of a _______ element and ______ element.
6) Outstanding stocks do not have voting rights and the right to receive dividends.
7) _______________are the only agency security backed in full by the U.S. government.
8) After the termination of employment of a registered representative with a member firm. The member firm must file a Form ____within ____ days after employment separation.
9) FINRA rule 2211 requires all firms and registered representatives to take reasonable steps to ensure that investment recommendations, and trade transactions are suitable to an investor.
10) A mutual fund has total assets of $10 million and $1 million in liabilities. If it has 2 million shares outstanding, what is its NAV per share of the mutual fund?
11) _____________are exempt from federal taxes.
12) A mutual fund has a net asset value or NAV of $15 and a public offering price or pop of $19. What is the sale charge percentage of the fund?
13) The maximum sale charge in a mutual fund is_____
14) An investment company is required to register with the SEC as an investment company if ________ or more of its assets are invested in securities.
15) What is the formula to calculate dividend yield of a stock?
16) Cities cannot issue bonds.
17) Frank bought 1000 shares of Nike through the service of a brokerage firm. The trade was completed on February 1st and for this transaction, the regular way settlement contract was used. What is the settlement date?
18) There are 3 categories of investment companies (Face amount certificate company, Management investment company & __________________)
19) The securities exchange act of 1934 regulates new securities in the primary market.
20) Issuers of a revenue bond must have taxing authority.

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