Series 6 Exam Prep 2026 Updated Practice Questions,
Comprehensive Securities Representative Review,
Detailed Explanations, Verified Answers & Complete
Success Workbook
Exam Content (Four Major Job Functions)
Function Description Questions Weight
Seeks Business for the Broker-Dealer
F1 12 24%
from Customers and Potential Customers
Opens Accounts After Obtaining and
F2 Evaluating Customers' Financial Profile 8 16%
and Investment Objectives
Provides Customers with Information
About Investments, Makes
F3 25 50%
Recommendations, Transfers Assets and
Maintains Appropriate Records
Obtains and Verifies Customers' Purchase
F4 and Sales Instructions; Processes, 5 10%
Completes and Confirms Transactions
Permitted Activities (After Passing)
• Mutual funds (closed-end funds on initial offering only)
• Variable annuities
• Variable life insurance
• Unit investment trusts (UITs)
• Municipal fund securities (529 savings plans, LGIPs)
,FUNCTION 1: SEEKS BUSINESS FOR THE BROKER-DEALER (12
Questions)
Question 1
A registered representative is cold-calling potential customers to solicit business
for mutual fund sales. Which of the following statements is TRUE regarding cold-
calling communications?
A. Cold calls are exempt from all FINRA communication rules
B. Cold calls must be recorded and retained for three years
C. Cold calls are subject to the same standards as written communications
regarding suitability and fair dealing
D. Cold calls do not require any disclosure of the caller's identity
Correct Answer: C
Rationale: All communications with the public, including cold calls, are subject to
FINRA's standards regarding fair dealing, suitability, and prohibitions against
misleading statements. Cold calls are not exempt (A). While some firms may
record calls for compliance purposes, FINRA does not universally require
recording and retention of all cold calls (B). Callers must identify themselves and
their firm (D). Under FINRA Rule 2210, all communications must be based on
principles of fair dealing and good faith.
Question 2
A registered representative is preparing a seminar to attract potential investors. The
seminar will include a light meal and a brief presentation on the benefits of mutual
fund investing. Which of the following is TRUE regarding this seminar?
A. The seminar is considered a "sales presentation" and must be pre-approved by
FINRA
B. The representative must disclose that the seminar is for educational purposes
only and not a solicitation
C. The representative must provide a prospectus to all attendees before the seminar
begins
D. The seminar is subject to FINRA communications rules if it includes a sales
solicitation
,Correct Answer: D
Rationale: Seminars that include a sales solicitation are considered
communications with the public and are subject to FINRA communications rules.
They do not require FINRA pre-approval (A) unless they are retail
communications filed with FINRA's Advertising Regulation Department. The
representative does not need to claim the seminar is "educational only" if it is a
sales presentation (B). A prospectus is not required for all attendees before a
seminar (C), though it must be provided before or at the time of sale.
Question 3
A registered representative is creating a flyer to promote a new mutual fund. The
flyer states: "This fund has consistently outperformed the market for the past five
years." Which of the following is TRUE?
A. The statement is acceptable if it is true
B. The statement is a prohibited guarantee of performance
C. The statement is acceptable if it includes a disclaimer
D. The statement must be supported by specific performance data and include
appropriate disclosures
Correct Answer: D
Rationale: Performance claims must be supported by specific data and include
appropriate disclosures, including that past performance does not guarantee future
results. While the statement may be factually true (A), it is incomplete without
supporting data and disclosures. It is not a guarantee of future performance (B). A
disclaimer alone is insufficient (C) — specific performance data must be provided.
Question 4
A registered representative is using social media to promote investment products.
Which of the following is a requirement under FINRA's social media guidance?
A. Social media posts do not need to be retained
B. All social media communications must be pre-approved by FINRA
C. Social media communications must be subject to the same supervisory review
, as other communications
D. Social media cannot be used for business purposes
Correct Answer: C
Rationale: FINRA requires that social media communications be subject to the
same supervisory review and recordkeeping requirements as other
communications. Social media posts must be retained (A). Pre-approval by FINRA
is not required (B) — firms establish their own review processes. Social media can
be used for business purposes (D) with appropriate supervision.
Question 5
A registered representative is hosting a booth at a community fair to generate
interest in investment products. What is the representative's obligation regarding
the materials distributed at the booth?
A. No materials need to be reviewed since this is an informal setting
B. All materials must be approved by a principal of the firm before use
C. Materials can be distributed without review if they are generic
D. Materials are exempt from review if distributed in person
Correct Answer: B
Rationale: All sales materials, including those distributed at community events,
must be approved by a principal of the firm before use. The setting (community
fair) does not exempt materials from review (A, D). Generic materials (C) still
require review to ensure compliance.
Question 6
A registered representative is prospecting for new clients. Which of the following
is a permitted method of solicitation?
A. Calling individuals on the Do-Not-Call list
B. Sending unsolicited emails to individuals who have not opted in
C. Using a purchased mailing list of potential investors
D. Making cold calls before 8:00 AM or after 9:00 PM
Correct Answer: C
Comprehensive Securities Representative Review,
Detailed Explanations, Verified Answers & Complete
Success Workbook
Exam Content (Four Major Job Functions)
Function Description Questions Weight
Seeks Business for the Broker-Dealer
F1 12 24%
from Customers and Potential Customers
Opens Accounts After Obtaining and
F2 Evaluating Customers' Financial Profile 8 16%
and Investment Objectives
Provides Customers with Information
About Investments, Makes
F3 25 50%
Recommendations, Transfers Assets and
Maintains Appropriate Records
Obtains and Verifies Customers' Purchase
F4 and Sales Instructions; Processes, 5 10%
Completes and Confirms Transactions
Permitted Activities (After Passing)
• Mutual funds (closed-end funds on initial offering only)
• Variable annuities
• Variable life insurance
• Unit investment trusts (UITs)
• Municipal fund securities (529 savings plans, LGIPs)
,FUNCTION 1: SEEKS BUSINESS FOR THE BROKER-DEALER (12
Questions)
Question 1
A registered representative is cold-calling potential customers to solicit business
for mutual fund sales. Which of the following statements is TRUE regarding cold-
calling communications?
A. Cold calls are exempt from all FINRA communication rules
B. Cold calls must be recorded and retained for three years
C. Cold calls are subject to the same standards as written communications
regarding suitability and fair dealing
D. Cold calls do not require any disclosure of the caller's identity
Correct Answer: C
Rationale: All communications with the public, including cold calls, are subject to
FINRA's standards regarding fair dealing, suitability, and prohibitions against
misleading statements. Cold calls are not exempt (A). While some firms may
record calls for compliance purposes, FINRA does not universally require
recording and retention of all cold calls (B). Callers must identify themselves and
their firm (D). Under FINRA Rule 2210, all communications must be based on
principles of fair dealing and good faith.
Question 2
A registered representative is preparing a seminar to attract potential investors. The
seminar will include a light meal and a brief presentation on the benefits of mutual
fund investing. Which of the following is TRUE regarding this seminar?
A. The seminar is considered a "sales presentation" and must be pre-approved by
FINRA
B. The representative must disclose that the seminar is for educational purposes
only and not a solicitation
C. The representative must provide a prospectus to all attendees before the seminar
begins
D. The seminar is subject to FINRA communications rules if it includes a sales
solicitation
,Correct Answer: D
Rationale: Seminars that include a sales solicitation are considered
communications with the public and are subject to FINRA communications rules.
They do not require FINRA pre-approval (A) unless they are retail
communications filed with FINRA's Advertising Regulation Department. The
representative does not need to claim the seminar is "educational only" if it is a
sales presentation (B). A prospectus is not required for all attendees before a
seminar (C), though it must be provided before or at the time of sale.
Question 3
A registered representative is creating a flyer to promote a new mutual fund. The
flyer states: "This fund has consistently outperformed the market for the past five
years." Which of the following is TRUE?
A. The statement is acceptable if it is true
B. The statement is a prohibited guarantee of performance
C. The statement is acceptable if it includes a disclaimer
D. The statement must be supported by specific performance data and include
appropriate disclosures
Correct Answer: D
Rationale: Performance claims must be supported by specific data and include
appropriate disclosures, including that past performance does not guarantee future
results. While the statement may be factually true (A), it is incomplete without
supporting data and disclosures. It is not a guarantee of future performance (B). A
disclaimer alone is insufficient (C) — specific performance data must be provided.
Question 4
A registered representative is using social media to promote investment products.
Which of the following is a requirement under FINRA's social media guidance?
A. Social media posts do not need to be retained
B. All social media communications must be pre-approved by FINRA
C. Social media communications must be subject to the same supervisory review
, as other communications
D. Social media cannot be used for business purposes
Correct Answer: C
Rationale: FINRA requires that social media communications be subject to the
same supervisory review and recordkeeping requirements as other
communications. Social media posts must be retained (A). Pre-approval by FINRA
is not required (B) — firms establish their own review processes. Social media can
be used for business purposes (D) with appropriate supervision.
Question 5
A registered representative is hosting a booth at a community fair to generate
interest in investment products. What is the representative's obligation regarding
the materials distributed at the booth?
A. No materials need to be reviewed since this is an informal setting
B. All materials must be approved by a principal of the firm before use
C. Materials can be distributed without review if they are generic
D. Materials are exempt from review if distributed in person
Correct Answer: B
Rationale: All sales materials, including those distributed at community events,
must be approved by a principal of the firm before use. The setting (community
fair) does not exempt materials from review (A, D). Generic materials (C) still
require review to ensure compliance.
Question 6
A registered representative is prospecting for new clients. Which of the following
is a permitted method of solicitation?
A. Calling individuals on the Do-Not-Call list
B. Sending unsolicited emails to individuals who have not opted in
C. Using a purchased mailing list of potential investors
D. Making cold calls before 8:00 AM or after 9:00 PM
Correct Answer: C
