Skip to content

Pass Rate

Over 25 years and 400,000 exams

Assured Success

If you use our practice exams

Chat & Call Support

We are with you every step of the way

Definition of DPP Roll-UP Transactions

From time to time one or more limited partnerships may wish to combine their operations and assets to achieve better returns and economies of scale. By combining the partnerships investors may be able to achieve better returns and realize greater liquidity for their partnership interests. These transactions are known as DPP roll up transactions. DPP roll ups usually combine two or more direct participation programs into one large DPP.

Applying "DPP Roll-UP Transactions" to Securities Exams:

FINRA Member firms who solicit votes from investors may receive a fee for their services so long as the fee is payable in equal installments regardless of the outcome. The fee to be received must not exceed 2 percent of the value of the securities to be received up exchange of the interests. Investors must receive full disclosure of all the related risk factors and be provided with a statement from the general partner as to its opinion regarding the fairness of the transaction. If an investment bank or investment adviser has issued a negative opinion regarding the transaction it must be disclosed to the investors. Failure to disclose a negative opinion in connection with a roll-up transaction constitutes fraud. Pass the series 24 exam with our greenlight guarantee

Preparing for an Exam?

Receive 15% off all your Securities Exam Prep materials

xref