The test is a shorter, less comprehensive version of the Series 7 exam, but a person who takes the series 6 exam is not allowed to sell as many different products as a person taking the series 7. For example, the series 6 exam does not allow an individual to sell corporate securities such as stocks or bonds, or options.
The test is administered by the Financial Industry Regulatory Authority (FINRA), which was previously known as the National Association of Securities Dealers (NASD), a non-governmental regulatory agency for the securities industry.
The exam lasts 2 hours and 15 minutes and has 100 questions. Test-takers must score 70% to pass.
|Test Breakdown||# of Questions||% of Exam|
|Securities Markets, Investment Securities and Economic Factors||8||8%|
|Securities and Tax Regulations||23||23%|
|Marketing, Prospecting and Sales Presentations||18||18%|
|Evaluation of Customers||13||13%|
|Product Information: Investment Company Securities and Variable Contracts||26||26%|
|Opening and Servicing Customer Accounts||12||12%|
FINRA provides a study guide / outline of material covered on the test.