The Investment Company Products/Variable Life Contracts Representative Exam, commonly referred to as the Series 6, is a multiple choice exam that registers an individual to transact a limited set of securities:

• Mutual fund
  Mutual fund
  A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments, and/or other securities.- Overview :...
  
  s
• Closed-end funds on the initial offering only
• Unit Investment Trust
  Unit Investment Trust
  A Unit Investment Trust is a US investment company offering a fixed portfolio of securities having a definite life. UITs are assembled by a sponsor and sold through brokers to investors.-Types:...
  
  
• Variable Annuities
  Annuity (finance theory)
  The term annuity is used in finance theory to refer to any terminating stream of fixed payments over a specified period of time. This usage is most commonly seen in discussions of finance, usually in connection with the valuation of the stream of payments, taking into account time value of money...
  
  
• Variable Life Insurance
• Municipal Fund Securities

A Series 6 registered individual cannot transact in corporate securities, direct participation programs (DPPs)

Direct Participation Program

Direct participation program is a financial security that enables investors to participate in a business venture's cash flow and taxation benefits...

, or option

Option (finance)

In finance, an option is a derivative financial instrument that specifies a contract between two parties for a future transaction on an asset at a reference price. The buyer of the option gains the right, but not the obligation, to engage in that transaction, while the seller incurs the...

 products.

This exam is administered by the Financial Industry Regulatory Authority

Financial Industry Regulatory Authority

In the United States, the Financial Industry Regulatory Authority, Inc., or FINRA, is a private corporation that acts as a self-regulatory organization . FINRA is the successor to the National Association of Securities Dealers, Inc. ...

 (FINRA, previously known as the NASD). In order to take the exam an individual must be sponsored by a firm who is a member of FINRA or is a Self Regulatory Organization (SRO).

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%

The time limit for the exam is 2 hours and 15 minutes to complete 100 questions. 70% is considered passing.

See also

• List of Securities Examinations
• Series 7
  General Securities Representative Exam
  The General Securities Representative Exam, commonly referred to as the Series 7 Exam, is a required exam to become a Registered Representative of a broker-dealer in the United States....
  
  
• Series 24
  General securities principal exam
  The General Securities Principal Exam, commonly referred to as the Series 24 Exam, is administered by the U.S. Financial Industry Regulatory Authority which qualifies a registered individual to supervise or manage branch activities such as corporate securities, REITs, variable contracts, and...
  
  
• Series 63
• Financial Industry Regulatory Authority
  Financial Industry Regulatory Authority
  In the United States, the Financial Industry Regulatory Authority, Inc., or FINRA, is a private corporation that acts as a self-regulatory organization . FINRA is the successor to the National Association of Securities Dealers, Inc. ...
  
  (FINRA)