Free FINRA Series6 Exam Dumps Questions & Answers

Which of the following is an example of a primary market transaction?

• A.Mr. Safe purchases a Treasury bill with two weeks remaining to maturity.
• B.Mr. Green places an order to buy shares of Sunvalley Solar, Inc. (SSOL), a stock selling on the OTC
  Bulletin Board.
• C.Ms. Talker calls her broker and places a market order to sell shares of AT&T (T) on the NYSE.
• D.Exco Resources (XCO) sells a new issue of 7.5%, 8-year notes.

As her college graduation present, Jennifer's grandmother gave her 200 shares of the stock of IBM. Her
grandmother had purchased the shares for $54 a share in October 2002, and the stock was selling for
$ 132 a share on the day of Jennifer's graduation eight years later. Eight months after her graduation,
Jennifer decides to sell the shares to get money to help with the down payment on a condo she is
purchasing. If IBM is selling for $125 on the day of the sale, what are the tax consequences of this sale for
Jennifer?

• A.Jennifer will have a loss of $1,400, which will be treated as a short-term capital loss for tax purposes.
• B.Jennifer will have taxable income of $15,600, which will be taxed as long-term capital gain income at a
  tax-preferred rate.
• C.Jennifer will have taxable income of $14,200, which will be taxed as long-term capital gain income at a
  tax-preferred rate.
• D.Jennifer will have taxable income of $14,200, which will be taxed as long-term capital gain income at a
  tax-preferred rate.

The fees that member firms must pay to FINRA are based on:
I. the totalmarket value of its assets.
II. the number of registered representatives it employs.
III. the number of branch offices it has.

• A.I only
• B.I, II, and III
• C.II and III only
• D.I and III only

Ms. Newbie's client, Mr. Nomad, has decided that he wants to go on an extended backpack trip through
the Amazon. Since he'll be out of touch, he has given a friend of his limited power attorney to act on his
behalf. Based on this, Mr. Nomad's friend can:
I. present Ms. Newbie with an order to purchase securities on Mr. Nomad's behalf.
II. present Ms. Newbie with an order to sell securities on Mr. Nomad's behalf.
III. request a check be issued to him so that he can send Mr. Nomad some money.

• A.I only
• B.I, II, and III
• C.none of the above. Only a relative can hold a power of attorney to engage in financial transactions for
  the grantor.
• D.I and II only

You have a young client whose primary investment objective is to be able to retire early. Really early.
She's thinking 40.She has more than sufficient income to meet her current needs for cash. Which of the
following types of stock funds would be most suitable for her?

• A.value
• B.balanced
• C.growth
• D.All of the above. All stock funds invest in stocks, which can be expected to appreciate in value.