FINRA is the self-regulating exchange that administers the Series 6 exam with the co-operation of other securities exchanges and the consent of the Securities and Exchange Commission (SEC). Although the SEC could decide at any time to take over the task of determining who is and who is not fit to trade U.S. securities, it is not interested in doing that. The industry itself, through the exchanges, is just as happy to hold on to this responsibility rather than cede it to government regulators.

The content of the Series 6 exam is no mystery. A summary of all items tested on the Series 6 can be found in the Investment Company Products/Variable Contracts Limited Representative Qualifications Examination (Test Series 6) Study Outline, in PDF format, prepared by FINRA.





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