Series 7: 7.1.6 Suitability Of DPPs

Taken from our Series 7 Top-off Online Guide

7.1.6 Suitability of DPPs

Because a DPP is a high-risk, capital-heavy, largely illiquid investment, it deserves a hard look before recommending it to a potential investor. In addition to the suitability obligations of the investor’s representative (see Chapter Ten), the DPP itself has the obligation to establish standards of suitability and disclose them. Potential investors must meet these standards. Investing in a DPP will be the right choice for few investors because of a DPP’s high-risk nature and lack of liquidity. A potential investor would need considerable net worth and a high tolerance for risk to be a good match. It also would be

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I am still so giddy that I passed my Series 7 on 1/31. I truly cannot believe it. I took the 7 three times in 2019 utilizing Kaplan study materials and didn't feel good going into the tests any of the times. So shockingly I failed all three times by a lot. My highest score was a 68%. I used Solomon for my 51 in September (passed on the first try) so I thought I could try it for my 7 even though it is the hardest securities test I have taken. I felt so good going into the testing center and I passed!!! I am so grateful to have found your materials. They have been incredibly helpful and I am able to understand all the material covered in the books. I still am in shock that I passed. Now off to the 24!

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