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Series 22 Exam: Direct Participation Limited Representative
An exam administered by the Financial Industry Regulatory Authority (FINRA)(previously the National Association of Securities Dealers (NASD)). Successful completion will qualify a registered individual to deal various forms of Direct Participation Programs (DPPs) such as real estate, oil and gas, and limited partnerships.
| Time
Limit: |
2
hours and 15 minutes |
| Number
of Questions: |
100
questions |
| Passing
Score: |
70% |
| Format: |
Multiple
Choice |
| Examination Fee: |
$75 US as of August 2007. Note that this is the examination enrollment fee ONLY--other fees may also apply. Please visit the FINRA Registration/Exam Fee Schedule for more information. |
| Prerequisites: |
You must be sponsored by a financial company who is a member of FINRA, or a Self-Regulatory Organization (SRO). |
| Corequisites: |
N/A |
| Exam
Date(s): |
Any
weekday |
| Exam
Locations: |
Find
your U.S. or international exam center here |
| Official
Exam Website: |
http://www.finra.org |
For an in-depth breakdown of the above topics, refer to the PDF
study outline provided by the FINRA here
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| Why would you want a monthly benefit versus a daily benefit? (view answer) |
| | Do stocks that trade with a large daily volume generally have less volatility? (view answer) |
| | When did earnings conference calls become open to the public? (view answer) |
| | Which is NOT a component of investment income? (view answer) |
| | What is a long-short mutual fund? (view answer) |
| | What are Schedule K-1 documents used for? (view answer) |
| | Why might a bond agreement limit the amount of assets that the firm can lease? (view answer) |
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