Free FINRA Series-6 Exam Questions

Become FINRA Certified with updated Series-6 exam questions and correct answers

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Total 328 Questions | Updated On: Mar 06, 2026

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Question 1

All government bonds and the majority of corporate bonds are traded:

A : on the floor of the NYSE.

B : via electronic communication networks (ECNs).

C : on regional exchanges.

D : in the over-the-counter market.

Answer: D

Question 2

Which of the following correctly describes how the holding period of a security is calculated when determining whether its sale will result in a short-term or a long-term capital gain?

A : The holding period begins the day after the buy order is submitted and ends the day the sell order is submitted.

B : The holding period begins on the settlement day of the purchase and ends on the settlement day associated with the sale.

C : The holding period begins on the settlement day of the purchase and ends on the day the sell order is submitted.

Answer: A

Question 3

Which of the following statements regarding the purchase and redemption of mutual fund shares is false?

A : Mutual fund shares may not be purchased on margin.

B : An investor can both purchase and sell fractional shares of mutual funds.

C : When an investor redeems his shares, the mutual fund must pay for the shares within 7 business days.

D : If an investor places an order to buy or redeem shares of a mutual fund before 4 P.M.EST on a day when the markets are open, the price will be based on the fund’s net asset value (NAV), as calculated at the end of that trading day.

Answer: C

Question 4

Dottie is a newly-minted, registered representative and is doing some cold calling to line up appointments with prospects. When doing so, Dottie: I. must not call anyone on her firm’s do-not-call list. II. must not call anyone on the FTC’s national do-not-call-list. III. must not call anyone before 7 a.m. or after 7 p.m., based on the time zone of the person being called. IV. must provide the person called with her name, the name and contact information of her firm, and the purpose of her call.

A : I and III only

B : I and IV only

C : I, II, and IV only

D : I, II, III, and IV

Answer: C

Question 5

Phil Anthropy wrote his cousin a $15,000 check to pay for medical bills the cousin had accumulated. He also distributed $5,000 checks to three nephews who were in college, and gave his mother a check for $12,000. Have Phil’s actions triggered any gift taxes?

A : Yes, $19,000 of his total distributions is subject to the gift tax.

B : Yes, $2,000 of his total distributions is subject to the gift tax.

C : Yes, $7,000 in distributions is subject to the gift tax.

D : No. None of Phil’s distributions is subject to the gift tax.

Answer: B

Page: 1 / 66

Total 328 Questions | Updated On: Mar 06, 2026

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