Question

Which of the following securities can be sold by an individual holding an investment companies/variable annuities (Series 6) registered representative's license?

I. Municipal Investment Trusts
II. Real Estate Investment Trusts
III. Municipal Bond Funds
IV. Revenue Bonds

Answer 1

I and III only

I. Municipal Investment Trusts

III. Municipal Bond Funds

Step-by-step explanation:

In Series 6, securities license entitles holders to register as a company's representative and enables the holder to sell certain types of mutual funds, variable annuities and even insurance. In Series 6, individual sell or buy some mutual funds, variable life insurance, municipal fund securities, etc. They are not authorized to sell corporate securities, etc.