Series 6

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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.
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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).

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
Robert also holds a NASD Series 6 license, as well as a Life & Variable Annuities license.
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.
Obtain a Series 6 license. You must join a broker-dealer and they will sponsor you to sit for the FINRA exam.
* 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.
(FINRA does not specify the type of annuity at issue, but both brokers had a Series 6 license, which permitted them to sell investment products such as mutual funds, variable annuities and other premium-funded variable insurance contracts.)