Free FINRA Series 6 (Investment Company and Variable Contracts Products Representative) Obtains and Verifies Customers' Purchase and Sales Instructions; Processes, Completes and Confirms Transactions Practice Questions
Processing and confirming transactions on the FINRA Series 6 exam covers purchase and sale instructions, order handling and confirmations, settlement and delivery, dividend and capital gains treatment, and the handling of customer complaints and errors (FINRA).
112 questions29 easy55 medium28 hard2026 syllabus
Sample Questions
Question 1
Easy
Participation in FINRA mediation requires:
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Correct Answer: B
Solution
B is correct. FINRA Rule 14104(a) makes mediation voluntary and requires the written agreement of all parties. A request or directive from only one participant cannot compel the others to mediate.
Question 2
Medium
Participation in FINRA mediation requires:
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Correct Answer: D
Solution
D is correct. FINRA Rule 14104(a) provides that mediation is voluntary and requires the written agreement of all parties. A customer or member firm cannot compel the other party to participate.
Question 3
Hard
An equity trade is executed regular-way for a customer on a Monday with no intervening holidays. Which statement about processing, confirming, and settling the trade is LEAST accurate?
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Correct Answer: B
Solution
B is correct. SEC Rule 10b-10 requires the confirmation to disclose whether the firm acted as principal or agent, so a statement that capacity may be omitted is inaccurate. By contrast, Rule 15c6-1 sets a T+1 cycle (settlement the next business day after a Monday trade), the confirmation must be given at or before completion of the transaction, and Regulation T permits customer payment within two business days after settlement; those statements are accurate.
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