Series 6 BUNDLED exam 2023 with 100% verified accurate answers

What type of fund can issue more than one type of security? - correct answerClosed-end funds. They can issue common & preferred stock, and bonds. Open-end can only issue redeemable common stock. What are some key features of the Securities Exchange Act of 1934? - correct answer(The People Act) it...

During the time an S-1 filing was being reviewed, an omission was found that could affect the amount of listed debt obligations of the issuer. In determining the course of action, which of the following would most likely be responsible for correcting the omission? - correct answerThe issuer In th...

On the 2-year anniversary of their registration and every 3 years thereafter. - correct answerWhen must RRs complete the Regulatory Element of Continuing Education? True - correct answerTrue or False: Firm Element Continuing Education requires BDs to update employees on job and product-related su...

wrap account (definition) - correct answeran account in which one fee (usually 1-3%) is assessed by the broker-dealer for a number of services being provided to cover administrative, portfolio management, and transaction costs; best for a client that intends to trade frequently; offered by a BD but ...

Growth Funds - correct answerConcentrated in common stock, seek capital appreciation, usually for younger ppl Index Funds - correct answerUse passive management, lower costs, tax efficient , broad exposure to market Equity income funds - correct answerPrimary onjective of dividends from stock;...

Stanley is a retired engineer who wants a steady income stream that he can count on. He has a portfolio of investments that range from "Investment grade" To "High Yield" From a quality perspective how does the quality of a bond itself affect the yield that Stanley receives on his investments? - ...

5 years - correct answerHow long must the confirmation of a money transfer be retained for under the Bank Secrecy Act? pre-taxed, taxed on entire amount - correct answer403 (b) plans are payed with pre or after tax dollars, and are therefore taxed on whole amount or taxed on growth at withdrawal?...

A registered representative making a sales presentation based on performance statements and charts is permitted to make which of the following observations? - correct answerThe fund has had a positive performance in the last few years. An investor is in the annuity stage of a variable annuity pur...

Your client retired two years ago at age 70. He has recently taken a position with a major retailer greeting customers as they enter the store. He would like to contribute to a retirement plan in order to accumulate additional money to leave to his grandchildren. You would advise him to open a - cor...

Which of the following have no liability in an underwriting for unsold shares in a firm commitment? - correct answerA) The Selling Group member Selling group members never take on any liability for the underwriting. They are acting in an agency capacity. If they sell any shares then they get pai...

If a registered representative wishes to make recommendations to a client, it would be most appropriate to limit those recommendations to A) primarily to those securities that offer breakpoints at or near the investment level contemplated by the investor B) security types with which the client...

Generic Advertisement - correct answerThe name of the firm placing the ad must be disclosed. A generic (no-name) ad can never mention the name of the specific security being advertised. That is why it is called a generic ad. Since a specific security is not listed, performance of the security is not...

An investor reviewing the annual report for the GHI Investment Company notices that the net asset value per share increased by $1.21, yet the asking price of the shares dropped during that period. What type of investment company must GHI be? A) Balanced fund B) Closed-end fund C) Open-end fund ...

A bond selling at 110 has a nominal yield of 8%. How much annual interest will be received by the bondholder? - correct answer$80.00 (The nominal yield, also known as the coupon rate, is not related to the market value of the bond; it is a percentage of the par value of the bond, which is usually...