Securities Exam Preparation Blog

   The Series 22 exam is designed for people who wish to work with limited partnerships only, often referred to as direct participation programs (”DPPs”) or tax shelters.

   There is no prerequisite to taking the exam, there is a $75.00 test fee using application form U-10 supplied by your sponsor) and there is a 2 ¼ hour time limit to the exam.   

   Topics on the exam are:

 DPP Entities                        12 questions
 Offering Practices                 14 questions
 Types of DPPs                     11 questions
 Taxes                                  20 questions
 Regulations                          32 questions
 Evaluating DPPs                  11 questions