SIE Understanding Products and Their Risks Practice Question 63

Correct Answer: B

Explanation:

B: Choice B is correct because Subchapter S corporations and similar investments are included in the definition of direct participation program (DPP), no matter what industry is involved. Choices A, C, and D are incorrect because they are specifically excluded by the text of FINRA Rule 2310, which defines a direct participation program, as mentioned in the Securities Act of 1933.