The Series 39 exam — the Direct Participation Programs Principal Qualification Exam (DP) — assesses the competency of an entry-level principal to perform their job as a direct participation programs principal.
The exam measures the degree to which each candidate possesses the knowledge needed to perform the critical functions of a direct participation program principal, including the rules and statutory provisions applicable to the supervisory management of a broker-dealer that limits its products to direct participation programs.
Content Outline
The Series 39 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required.
The outline is comprised of the three major job functions of a direct participation programs principal. The table below lists the allocation of exam items for each major job function.
| Major Job Functions | Number of Exam Items |
|---|---|
| (F1) Structure and Regulation of Direct Participation Program (DPP) Offerings | 46 |
| (F2) Sales Supervision, General Supervision of Employees, Regulatory Framework of FINRA | 32 |
| (F3) Compliance with Financial Responsibility Rules | 22 |
| TOTAL | 100 |
Reviews
There are no reviews yet.