Series 6 Exam

In this section, we are going to talk about offerings, trades, and transactions on customer accounts. Let’s refresh our knowledge about trading securities in the secondary market. You never know if the Series 6 exam might include a question that encompasses some overall knowledge of the various markets and those that operate in them. As … Read more

There are numerous records that need to be kept when it comes to customers of broker-dealers, we’ve touched on them throughout this guide. Let’s just recap on one very important one. Whenever a trade takes place, a document, known as a trade confirmation, is processed. This contains necessary information including: Before a trade is completed, … Read more

We already know that with greater risk in the world of securities, comes greater reward. Obviously, however, that is a double-edged sword. When it comes to any type of investment, a registered representative always takes potential risk into account for each client, especially from a suitability point of view. You aren’t going to suggest a … Read more

For this section, we take a look at the various products on offer that a registered representative can suggest to their customers that help meet suitability standards. Much of this you will know about but you must understand them fully. The aim is to be able to understand the unique characteristics when it comes to … Read more

Much of the Series 6 exam revolves around testing a candidate’s ability to make the right recommendations when it comes to investment products by analyzing their situation. Following that, the customer will need to be told what kinds of risks that investments might have. The key here is finding the balance between the investment characteristics … Read more

In this section, we focus on the process of opening accounts for customers, specifically what approvals various accounts need to complete this task. At all times, FINRA Rule 2111 or the suitability rule, as it is known, must always be at the forefront of a registered representative’s mind when dealing with any customers and especially … Read more

So we’ve covered the different account options and from time to time spoken about determining suitability when it comes to the type of securities and products a customer should be investing in. That’s something that we are going to look into a little more now. The Series 6 exam, in particular, does focus more on … Read more

A massive part of giving a customer the correct advice when it comes to what they should be investing in revolves around finding out the right kinds of information about them. That information, much of it which is not only private but can be extremely sensitive, will help us to understand their exact investment needs. … Read more

When a registered representative meets a new customer, the beginning point of that relationship will revolve around starting an account for that customer. Of course, a customer will have certain investing goals and the registered representative has to make sure that they open the right account to help them meet those goals. In this section, … Read more

Much of the new business a registered representative will look to generate will come from new securities on the primary market, so let’s start there. We start with this section and in particular, we need to look at how new issues are brought to market. There’s much of this process that is covered on the … Read more