Series 65: Direct Participation Program (DPP)

Taken from our Series 65 - NASAA Uniform Investment Advisor Law Exam

Definition of the term Direct Participation Program (DPP)...

a pass-through entity, such as a limited partnership, whose security shares indicate ownership, not of an operating company, but of certain physical assets of the company.

Since you're reading about Series 65: Direct Participation Program (DPP), you might also be interested in:

Solomon Exam Prep Study Materials for the Series 65
Please Enable Javascript
to view this content!