Study for the Series 6 Exam

Candidates for the Series 6 Exam must use care in studying FINRA's rules on Communications with Customers. These rules are involved and must be studied carefully. For example, can you explain the difference between retail communications and correspondence? Or are they the same thing treated in the same way?  Retail communications need to be filed with FINRA's Advertising Regulation Department, but correspondence does not need to be filed. However, both retail communications and correspondence need the written and dated approval of a principal of the brokerage firm before they may be used. So communications with the retail public gets complicated! Bob Eder in his Study for the Series 6 Exam devotes all of Chapter One to Communications with Customers. Here is a sample of Bob Eder's treatment and discussion: PRACTICE QUESTION FINRA has specific strict rules regarding the use of retail communications. June is a representative. She considers some of the definitions included i

  When preparing for the Series 6 Exam, don't overlook Municipal Fund Securities. More than one Series 6 candidate has sat for test only to be surprised that there were questions on Municipal Fund Securities. First of all, you need to know the different types of these securities, such as 529 Plans, Local Government Investment Pools, and ABLE accounts. Then you need to know the different characteristics of each of these three types. How do I know that the Series 6 Exam contains questions on Municipal Fund Securities? I know this because FINRA's Content Outline for the Series 6 Exam specifically identifies these securities in Section 3.2 as covered by the test. Bob Eder in his  Study for the Series 6 Exam  discusses Municipal Fund Securities in detail. Here is a sample of Bob Eder's treatment: Municipal Fund Securities                                               (3.2) A municipal fund security is much like an investment company, but is exempt from registering as an investme