TAKING THE SERIES 6 EXAM SHORTLY? BE PREPARED FOR QUESTIONS ON MUNICIPAL FUND SECURITIES!

 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 investment company under Section 2(b) of the Investment Company Act. Furthermore, interest received from municipal fund securities is exempt from federal tax. Here are some examples of municipal fund securities: Able Programs, Local Government Investment Pools (LGIP's), and 529 Plans. We discuss each of these in the following paragraphs.

Here is the link to FINRA's Content Outline for the Series 6 Exam. See the references to Municipal Fund Securities in FINRA's Series 6 Content Outline, Section 3.2.

Study for the Series 6 Exam is available from Amazon in both paperback and Kindle e-book versions. Here is the link for Bob Eder's Study for the Series 6 Exam on Amazon.

See Bob Eder's Author Page on Amazon.com.

For questions about Bob Eder's Study for the Series 6 Exam, or questions in general about the Series 6 Exam, such as Municipal Fund Securities, feel free to email Bob Eder at bobeder@bobeder.net.

Bob Eder received his Juris Doctor (J.D.) degree from the University of Utah, Quinney College of Law, in 2001. 

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