Series 66: Direct Participation Program (DPP)

Taken from our Series 66 - NASAA Uniform Combined State 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.

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Hi Jeremy & Karen, I just passed my 66 today! I'm so thrilled! I had an interruption of my studies a few weeks back due to some distracting issues, but I got back on track, focused hard on the book, the practice quizzes and exams, and I made it! I'm a true believer in the value of your study materials. I'd recommend your firm's materials to anyone that wants to pass the first time they take these really challenging exams. Now I've got my Series 7 and my Series 66, and I did it with the terrific support of this Exam Prep. Thank you for these great study materials.

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