Is the Series 6 exam hard?
The Series 6 is a tough exam, especially for those who find it is their first introduction to the world of securities. In this article, we’ll give you six additional easy tips on how to approach the information and proven techniques for studying for and taking the test.
What should I study for the Series 6 exam?
Tips for Passing the Series 6
- Skip tough questions and come back to them.
- The test generally begins and ends with easier questions; therefore, the more difficult questions are found in the middle.
- Don’t second guess yourself.
- Read each question completely, and then carefully consider each of the answers.
- Don’t rush.
How many questions is the Series 6 top off exam?
50
How many questions are on the Series 6 exam? The exam consists of 50 multiple-choice questions, and each question has four answer choices. There are also five additional unidentified and unscored pretest questions that do not contribute to your score that are randomly distributed throughout the exam.
What can I do with a Series 6 and 63 license?
What Can You Do With Series 6 and 63 Licenses
- Mutual funds (closed-end funds on the initial offering only)
- Variable annuities.
- Unit Investment Trusts.
- Variable life insurance products.
- Municipal fund securities (e.g. 529 savings plans, local government investment pools) (LGIPs)
Should I take Series 6 or 63 first?
In order to use your Series 6 license in your state, you must pass the state’s version of the Series 63 license exam. If you move from one state to another, you must take your new state’s Series 63 exam to begin working in the securities or insurance industries in that state.
How long does the Series 6 exam take?
135 minutes
Passing the Series 6 Exam qualifies a candidate as an Investment Company Products/Variable Contracts Limited Representative. This multiple-choice exam consists of 105 multiple-choice questions and takes 135 minutes to complete.
What can a Series 6 Rep sell?
With Series 6, an individual can purchase or sell certain types of mutual funds, variable life insurance, municipal fund securities, variable annuities, and unit investment trusts.
Can anyone take a Series 6 exam?
Requirements for Series 6 Candidates must be sponsored by a member of FINRA or a self-regulatory organization (SRO) to take the exam. There is no prerequisite for the exam, but the Securities Industry Essentials (SIE) exam is a corequisite for Series 6.
How long is the Series 6 good for?
After you pass the Series 6 exam, you have exactly two years to complete the continuing education requirement. You must then complete certain continuing education requirements every three years until you end your registration. Most of these continuing education classes may be completed online.