100% Free FINRA Series-6 Practice Test Questions

Question 1

Mr. Cross wanders into your office with a $35,000 check that he has received from his recently-deceased wife’s insurance company and wants you to advise him how to invest it, since that is your job, as he puts it. You ask him to fill out a standard investor profile questionnaire, but he refuses to do so. You offer to fill it out for him, based on his answers to your verbal questions, but he still refuses and calls you a “nibby-nose.” Based on this, you can:

A : allocate the $35,000 any way you choose since you have an uncooperative client.

B : advise him to invest the money in a money market mutual fund instead of holding it as cash.

C : advise him to invest the money in an S&P 500 Index fund.

D : The advice provided in either Choice B or Choice C would be appropriate.

Answer: B

Question 2

NASDAQ is:

A : an acronym for Norway’s major stock exchange.

B : the government organization that insures accounts at U.S. brokerage firms.

C : a computerized system that links together the U.S. regional exchanges.

D : a computerized quotation system used in the over-the-counter market.

Answer: D

Question 3

A retirement plan under which the benefit to be paid upon retirement is specified when an employee is signed up for the plan is known as a:

A : 401(k) plan.

B : SIMPLE-IRA.

C : defined benefit plan.

D : defined contribution plan.

Answer: C

Question 4

Mr. Cross wanders into your office with a $35,000 check that he has received from his recently-deceased wife’s insurance company and wants you to advise him how to invest it, since that is your job, as he puts it. You ask him to fill out a standard investor profile questionnaire, but he refuses to do so. You offer to fill it out for him, based on his answers to your verbal questions, but he still refuses and calls you a “nibby-nose.” Based on this, you can:

A : allocate the $35,000 any way you choose since you have an uncooperative client.

B : advise him to invest the money in a money market mutual fund instead of holding it as cash.

C : advise him to invest the money in an S&P 500 Index fund.

D : The advice provided in either Choice B or Choice C would be appropriate.

Answer: B

Question 5

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

Free Practice FINRA Series-6 Exam Questions 2025