Study for the Series 6 Exam

FINRA publishes a Content Outline for the Series 6 Exam. Under Function 1 - "Seeks Business for the Broker Dealer from Customers and Potential Customers," FINRA's Content Outline lists required knowledge of the standards and required approvals for Public Communications. The primary FINRA rule governing Communications with the Public is Rule 2210. Before you sit for the Series 6 Exam, make sure that you are familiar with the main provisions of this Rule. Bob Eder has a full treatment of Rule 2210  Communications with the Public  in his Study for the Series 6 Exam . Here is an example of Bob Eder's treatment: Correspondence (1.1) FINRA defines "correspondence" as any written or electronic communication that a brokerage firm or representative sends, distributes, or makes available to 25 or fewer retail investors, within any 30-calendar-day period. If a representative sends material to more than 25 retail customers within any 30-day period, then it would be &q

What is the "Best Execution Rule"? Can you define and describe the Rule?  The Series 6 Exam may ask you questions about the  Best Execution Rule , so be prepared. FINRA publishes a Content Outline for the Series 6 Exam , and it lists the " Best Execution Rule " in Section 4.1. It also refers to FINRA Rule 5310 that governs both the Best Execution Rule and Interpositioning. Bob Eder in his Study for the Series 6 Exam discusses the Best Execution Rule on page 266 and Interpositioning on page 289. Here is a sample of Bob Eder's treatment: Best Execution Rule (4.1) When a client gives an order to buy or sell securities, a broker or representative has an obligation to make sure that the client pays the lowest price available, if the client is buying, or receives the highest price available, if selling. This is called "best execution." Especially in the Nasdaq market, there might be five, 10, or 15 dealers taking the other side who will buy or sell. The p