License: Series 39 - Direct Participation Programs Limited Principal
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.
- Stand-alone license
- State exam required
- No education required
- Continuing education required
- No experience required
- Background check required
- No physical requirements
License information updated 07/19/2019