Free Series 6 Practice Test

Heads up: these are full-difficulty, exam-level questions — harder than most free Series 6 questions online, on purpose. A low score before studying is normal. Answer all 8 to see your score and a full explanation for each.

Question 1 of 8 · Mutual Funds

A fund has $500M in assets, $20M in liabilities, and 40M shares outstanding, with a maximum 5% sales charge. Its public offering price (POP) per share is:

Question 2 of 8 · Mutual Funds

A customer redeems fund shares. Under forward pricing (SEC Rule 22c-1), she receives:

Question 3 of 8 · Share Classes

An investor plans to invest $250,000 in one fund family for 15 years. The generally most appropriate share class is:

Question 4 of 8 · Variable Annuities

During the payout phase of a variable annuity with a 4% AIR, the separate account earns exactly 4% this month. The next monthly payment will:

Question 5 of 8 · Retirement & Taxation

A 45-year-old withdraws $20,000 from a traditional IRA to buy a boat. The tax treatment is:

Question 6 of 8 · Communications

Under FINRA Rule 2210, a written communication distributed to 80 retail investors within a 30-day period is:

Question 7 of 8 · Rules & Ethics

A customer's order to buy fund shares is received at 5:15 pm ET, after the fund's 4:00 pm pricing. Filling it at that day's already-computed 4:00 pm NAV would be:

Question 8 of 8 · Variable Products

Which statement about scheduled-premium variable life insurance is correct?