Free FINRA Series 6 (Investment Company and Variable Contracts Products Representative) Lessons

Seeks Business for the Broker-Dealer from Customers and Potential Customers

• Customer contact, public communications standards, and required approvals (19 min)
• Soliciting business: product descriptions, the new-issue process, and offering exemptions (16 min)

Opens Accounts After Obtaining and Evaluating Customers' Financial Profile and Investment Objectives

• Account types and registrations, including retirement and tax-advantaged accounts (13 min)
• Customer identification, privacy, account authorizations, and suspicious activity (13 min)
• Customer investment profile and suitability / best-interest obligations (8 min)
• Supervisory approvals required to open accounts (9 min)

Provides Customers with Information About Investments, Makes Recommendations, Transfers Assets and Maintains Appropriate Records

• Customer confirmations, statements, account records, and recordkeeping (18 min)
• Investment strategies, risk and reward, and fundamental analysis (16 min)
• Underlying securities, taxation, and packaged products (funds, ETFs, UITs, variable contracts, 529s) (20 min)
• Required disclosures: investment risk, costs and fees, and tax considerations (17 min)

Obtains and Verifies Customers' Purchase and Sales Instructions; Processes, Completes and Confirms Transactions

• Quotes, order handling, and best execution (8 min)
• Processing and confirming transactions; delivery and settlement (7 min)
• Errors, complaints, and dispute resolution (9 min)