Series 22 Exam — Mock Exams & Practice Tests

The Series 22 (Direct Participation Programs Limited Representative Exam) focuses on direct participation programs (DPPs)—especially the solicitation, purchase, and sale of limited partnership interests and similar DPP offerings.

Key points:

• Sponsorship required: you must be associated with a FINRA member firm (or other applicable SRO member firm) to sit for Series 22.
• Corequisite: you must pass SIE + Series 22 to obtain the Direct Participation Programs Representative registration.

Use this hub as your study flow:

• Overview: exam format, timing, score, and what’s tested
• Syllabus: blueprint → functions → learning objectives (practice links included)
• Cheatsheet: DPP structures, due diligence themes, risks, and tax concepts
• Practice: timed mocks + targeted drills
• FAQ: eligibility, SIE relationship, and logistics
• Resources: official FINRA links and the content outline PDF
• Updates: content changes and syllabus mapping updates

In this section

• Series 22 Cheatsheet — DPP Structures, Due Diligence, Risks & Tax Concepts
  Comprehensive FINRA Series 22 reference: DPP program types, limited partnership/LLC structures, due diligence and disclosure themes, fees and conflicts, liquidity limits, K-1/basis/passive loss concepts, and subscription/escrow processing.
• Series 22 Exam Overview — Format, Weights & Eligibility
  Understand the FINRA Series 22 exam at a glance: structure, timing, passing score, job functions/weights, eligibility and what to do after you pass.
• Series 22 FAQ — Common Questions & Quick Answers
  Answers to common questions about the FINRA Series 22 exam: eligibility and sponsorship, SIE corequisite, format/timing, scoring, retakes, what’s tested, and how to study.
• Series 22 Practice — Mock Exams & Topic Drills
  Launch Series 22 practice: timed mocks and targeted drills mapped to FINRA’s Series 22 job functions with detailed explanations.
• Series 22 Resources — Official FINRA Links & Content Outline
  Official resources for the FINRA Series 22 exam: exam page, content outline PDF, enrollment/scheduling, exam-day policies, and related rule references.
• Series 22 Syllabus — Blueprint & Learning Objectives
  FINRA Series 22 syllabus mapped to the official job functions with clear learning objectives and quick links to targeted practice.
• Series 22 Updates — Blueprint & Content Changes
  Track changes to the Series 22 study hub: syllabus mapping, cheat sheet refinements, practice coverage, resources, and copy updates.