Free FINRA Series-6 Exam Questions

Become FINRA Certified with updated Series-6 exam questions and correct answers

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Total 328 Questions | Updated On: Mar 26, 2025

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Question 1

Which of the following steps in the underwriting process will occur last?

A : The underwriting syndicate is formed.

B : The selling group is organized.

C : The public offering price is set.

D : A red herring prospectus is circulated to the public.

Answer: C

Question 2

The Securities Exchange Commission consists of:

A : 6 members, elected by member firms.

B : 5 members, appointed by the President of the U.S., with Senate approval

C : 7 members, appointed by FINRA.

D : 5 members, appointed by the Secretary of Treasury of the U.S.

Answer: B

Question 3

Nancy invested $1,850 in the MidFee Mutual Fund, which has a 4% front -end load. The net asset value (NAV) per share of the fund at the time of her purchase was $22.20. How many shares of the fund was Nancy able to purchase?

A : 83.33

B : 80.00

C : 80.13

D : None of the above is correct.

Answer: B

Question 4

Which of the following correctly describes how the holding period of a security is calculated when determining whether its sale will result in a short-term or a long-term capital gain?

A : The holding period begins the day after the buy order is submitted and ends the day the sell order is submitted.

B : The holding period begins on the settlement day of the purchase and ends on the settlement day associated with the sale.

C : The holding period begins on the settlement day of the purchase and ends on the day the sell order is submitted.

Answer: A

Question 5

Rank the following funds in order of their relative risk, from highest to lowest: I. growth fund II. high-yield bond fund III. high-grade bond fund IV. international fund

A : IV, I, II, III

B : I, IV, III, II

C : II, IV, I, III

D : IV, II, I, III

Answer: A

Page: 1 / 66

Total 328 Questions | Updated On: Mar 26, 2025

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