Series 6

(redirected from Series 6 License)

Series 6

A license entitling the holder to buy and sell mutual funds, variable annuities, and some insurance products on behalf of clients. In order to receive a Series 6 license, one must pass a multiple choice examination covering each of these investment vehicles, as well as the securities and tax regulations involved with them. The license and examination are administered by FINRA.

Series 6.

The Series 6 is a licensing examination that you must pass to be entitled to sell mutual funds and variable annuities to investors.

The examination, which is administered by NASD, is a 100-question multiple choice test that puts primary emphasis on knowledge of the products plus the securities and tax regulations that apply.

Anyone taking the exam must be sponsored by either an NASD member firm or an industry self-regulatory organization (SRO).

References in periodicals archive ?
The products that prompt the most unsolicited inquiries, as reported by the Boston research firm Cerulli Associates in a 2013 study, are annuities, which require at least a state life insurance license (and in the case of variable annuities, a Series 6 securities license) to sell, and Roth IRAs, for which salespeople must have at least a Series 6 license.
An NASD series 6 license (investment company and variable contracts representative license) or the series 7 license (general securities representative license).
A Series 6 license allows agents to sell variable products and mutual funds, while a Series 7 license permits sale of a full range of securities and investment products.
Each personal banker must earn a Series 6 license to help customers with their investments as well as checking and savings accounts, credit cards, home-equity loans and mortgages.
SmithKline Beecham has purchased Dendrite's Series 6 licenses to upgrade their representatives and managers from a competitor's DOS-based system.