Series 39 - Direct Participation Programs Limited Principal
- Exam
- State exam
- Education
- None
- Experience
- None
- Background check
- Required
Covered supervisory activities and products include regulatory compliance over sales of: ?Direct participation program limited partnerships (e.g., real estate, oil and gas, and equipment leasing) ?Limited liability companies ?S corporations In addition to sales supervision, the Series 39 qualifies a principal for the overall supervision of a firm’s investment banking and securities business—including compliance, underwriting and advertising—for those activities specially covered by each supervisory principal’s license.
Requirements reported by the state
- Licence type
- Stand-alone license
- Exam
- State exam required
- Education
- No education required
- Continuing education
- Continuing education required
- Certification
- No mention of certification
- Experience
- No experience
- Background check
- Background check required
- Physical requirement
- No physical requirements
Issuing body
- Department
- Financial Industry Regulatory Authority (FINRA)
- Agency website
- http://www.finra.org/industry
- Last updated
- July 19, 2019
Occupations (O*NET)
- Financial Responsible Officer 11-3031.00
Source and verification
This record is United States's report to the Analyst Resource Center, published by CareerOneStop (October 2024 export). Everything shown comes only from that report.
Before you apply, confirm every detail with Financial Industry Regulatory Authority (FINRA) — see the issuing body section above.
How we process this data. Not legal advice.