Seeking Business and Offering Communications

The first Series 22 chapter covers how the representative seeks DPP business from current and potential customers. This starts with outreach and communications and then moves into how offerings are described before the account is opened or the recommendation is made. The exam opens here because DPP selling creates elevated disclosure and illiquidity concerns from the first customer contact.

Read this chapter as the front-end communication layer of the DPP workflow. Start with how the representative may contact prospects and communicate fairly, then move into how program features and risks are described without overstating benefits or hiding conflicts.

Series 22 section lessons

Use these section lessons as the main reading path for this Series 22 function. They follow the current DPP representative workflow and keep product facts tied to communication, suitability, disclosure, and documentation decisions.

In this section

• Outreach and Communications With Customers
  Review the in-person, telephone, mail, and electronic-communication rules that govern early DPP business development on Series 22.
• Describing DPP Offerings and Risks
  Learn how Series 22 tests DPP product explanations, risk descriptions, and the line between balanced disclosure and misleading promotion.
• Syndication Roles and Selling Arrangements
  Study Series 22 distribution roles, dealer-manager arrangements, selling agreements, wholesalers, finders, sales compensation, allocations, and related supervision.
• Due Diligence and Offering Review
  Study Series 22 due diligence review of DPP offering documents, sponsors, assets, fees, projections, conflicts, tax opinions, and liquidity claims.