Series 6 case studies

Series 6 · Put your knowledge to work in context.

The Series 6 - formally the Investment Company and Variable Contracts Products Representative Qualification Examination, or "IR" - is the FINRA exam that measures whether an entry-level representative has the knowledge to perform the job of an investment company and variable contracts products representative. It is written for candidates who are associated with, and sponsored by, a FINRA member firm (or another applicable SRO member firm); you cannot sit for it as an independent candidate. The Series 6 case studies are 5 cases and about 5,152 words.

The Growth Plan: Referral Fees, a Mass Flyer, Cold Calls, and a LinkedIn Post

Marcus is a Series 6 representative at a mid-size FINRA member broker-dealer. His growth plan has four moving parts.

959 words, about 5 min 2

Eleanor's Annuity, David's Power of Attorney, and a Two-Year Liquidity Need

Eleanor, 79, is a widow with about 260,000 of liquid net worth: 180,000 in a bank CD maturing July 15 and 80,000 in a money market IRA. Social Security plus a small pension bring in 2,800 a month; her expenses run about 3,100.

1,081 words, about 5 min 3

Priya's $48,000: Rights of Accumulation, Letters of Intent, and the A-versus-C Question

Priya, 44, has 48,000 from a matured CD to invest in XYZ Growth Fund. The prospectus schedule: Class A sales charge is 5.75% on purchases under 50,000, 4.50% from 50,000 to 99,999, and 3.50% from 100,000 to 249,999; Class A carries a 0.25% annual 12b-1 fee.

987 words, about 5 min 4

3:52 p.m., 4:05 p.m., and a $200,000 Keying Error

Okafor leaves a voicemail: 'Buy 20,000 of Fund X in my IRA.' You are on another line and listen at 4:10 p.m. Lin emails: 'Sell 30,000 of Fund Y today.' You see the email Monday at 9:00 a.m.

1,058 words, about 5 min 5

Rafael's 1035 Exchange and the 401(k) Check Made Out to Him

Rafael, 62, plans to retire in two years. He owns a nonqualified deferred variable annuity at another firm with a 95,000 account value and a 70,000 cost basis.

1,067 words, about 5 min