Item 12 does not report what any one firm was paid. Selling commissions in a Form D are reported for the whole offering.
| Firm | FINRA CRD | DST offerings | Years named |
|---|
| 1031 Securities Inc. | 326590 | 45 | 2024–2026 |
|---|
| 1st Global Capital Corp. | 30349 | 27 | 2009–2013 |
|---|
| AAG Capital, Inc. | 188 | 12 | 2022–2025 |
|---|
| Advisory Group Equity Services Ltd. | 15427 | 7 | 2009–2024 |
|---|
| Aegis Capital Corporation | 15007 | 3 | 2023–2024 |
|---|
| AEI Securities, Inc. | 6158 | 5 | 2022–2025 |
|---|
| Alexander Capital, L.P. | 40077 | 20 | 2022–2026 |
|---|
| Allied Beacon Partners, Inc. | 46227 | 7 | 2011–2013 |
|---|
| Alternative Wealth Strategies, Inc. | 130933 | 3 | 2009–2011 |
|---|
| American Alternative Capital, LLC | 309956 | 11 | 2022–2026 |
|---|
| American Investors Company | 38 | 26 | 2009–2026 |
|---|
| American Portfolios Financial Services, Inc. | 18487 | 24 | 2010–2025 |
|---|
| American Trust Investment Services, Inc. | 3001 | 59 | 2022–2026 |
|---|
| Ameriprise Financial Services, LLC | 6363 | 23 | 2009–2026 |
|---|
| Ameritas Investment Company, LLC | 14869 | 30 | 2012–2026 |
|---|
| APW Capital, Inc. | 43814 | 19 | 2022–2026 |
|---|
| Ares Management Capital Markets LLC | 166219 | 7 | 2026–2026 |
|---|
| Ares Wealth Management Solutions, LLC | 119546 | 16 | 2022–2026 |
|---|
| Arete Wealth Management, LLC | 44856 | 23 | 2010–2026 |
|---|
| Arkadios Capital | 282710 | 134 | 2020–2026 |
|---|
| ARKap Markets, LLC | 326313 | 7 | 2025–2026 |
|---|
| Aurora Securities | 46147 | 116 | 2022–2026 |
|---|
| Ausdal Financial Partners, Inc. | 7995 | 21 | 2009–2026 |
|---|
| Avantax Investment Services, Inc. | 13686 | 39 | 2022–2026 |
|---|
| Berthel, Fisher & Company Financial Services, Inc. | 13609 | 62 | 2009–2026 |
|---|
| Blackstone Securities Partners L.P. | 17917 | 3 | 2025–2026 |
|---|
| Bluerock Capital Markets LLC | 136974 | 15 | 2010–2026 |
|---|
| Broker Dealer Financial Services Corp. | 8073 | 4 | 2010–2012 |
|---|
| BV Securities, LLC | 103800 | 4 | 2022–2026 |
|---|
| Cabin Securities, Inc. | 137608 | 62 | 2009–2026 |
|---|
| Cabot Lodge Securities LLC | 159712 | 29 | 2020–2026 |
|---|
| Cadaret, Grant & Co., Inc. | 10641 | 7 | 2010–2026 |
|---|
| Calton & Associates, Inc. | 20999 | 35 | 2011–2026 |
|---|
| Cambridge Investment Research, Inc. | 39543 | 67 | 2011–2026 |
|---|
| Cantor Fitzgerald & Co. | 134 | 23 | 2021–2026 |
|---|
| Cape Securities Inc. | 7072 | 11 | 2022–2025 |
|---|
| Capital Financial Services, Inc. | 8408 | 3 | 2009–2011 |
|---|
| Capital Investment Group, Inc. | 14752 | 3 | 2012–2025 |
|---|
| Capulent LLC | 155155 | 85 | 2018–2026 |
|---|
| CapWest Securities, Inc. | 30002 | 5 | 2009–2011 |
|---|
| Centaurus Financial, Inc. | 30833 | 82 | 2009–2026 |
|---|
| Center Street Securities, Inc. | 26898 | 7 | 2022–2024 |
|---|
| Cetera Advisors LLC | 10299 | 19 | 2011–2026 |
|---|
| Cetera Financial Specialists LLC | 10358 | 13 | 2022–2026 |
|---|
| Cetera Investment Services LLC | 15340 | 7 | 2023–2026 |
|---|
| Cetera Wealth Services, LLC | 13572 | 30 | 2011–2026 |
|---|
| Chauner Securities, Inc. | 10075 | 11 | 2022–2026 |
|---|
| ClearFP Securities, LLC | 312370 | 9 | 2022–2025 |
|---|
| Clearview Trading Advisors, Inc. | 142873 | 3 | 2014–2016 |
|---|
| Client One Securities LLC | 152974 | 14 | 2022–2026 |
|---|
| Colorado Financial Service Corporation | 104343 | 39 | 2012–2026 |
|---|
| Commonwealth Financial Network | 8032 | 39 | 2010–2026 |
|---|
| Concorde Investment Services, LLC | 151604 | 203 | 2011–2026 |
|---|
| Concourse Financial Group Securities, Inc. | 15708 | 22 | 2010–2025 |
|---|
| Courtlandt Securities Corporation | 137356 | 24 | 2020–2026 |
|---|
| Crescent Securities Group, Inc. | 114993 | 4 | 2023–2025 |
|---|
| Crown Capital Securities, L.P. | 6312 | 51 | 2009–2024 |
|---|
| D.A. Davidson & Co. | 199 | 4 | 2025–2026 |
|---|
| DAI Securities, LLC | 36673 | 137 | 2022–2026 |
|---|
| Dempsey Lord Smith, LLC | 141238 | 10 | 2020–2026 |
|---|
| DeWaay Financial Network, LLC | 30767 | 3 | 2011–2012 |
|---|
| DFPG Investments, LLC | 155576 | 117 | 2011–2026 |
|---|
| Direct Capital Securities, Inc. | 29639 | 3 | 2009–2011 |
|---|
| DMK Advisor Group, Inc. | 41067 | 9 | 2022–2026 |
|---|
| Emerson Equity LLC | 130032 | 245 | 2020–2026 |
|---|
| Equifinancial, LLC | 136708 | 3 | 2023–2024 |
|---|
| First Allied Securities, Inc. | 32444 | 6 | 2009–2024 |
|---|
| FNEX Capital, LLC | 166316 | 185 | 2022–2026 |
|---|
| FSC Securities Corporation | 7461 | 13 | 2009–2024 |
|---|
| G.A. Repple & Company | 17486 | 3 | 2011–2013 |
|---|
| G.F. Investment Services, LLC | 132939 | 6 | 2011–2013 |
|---|
| Galt Financial Group, Inc. | 146976 | 3 | 2023–2024 |
|---|
| Geneos Wealth Management, Inc. | 120894 | 11 | 2010–2026 |
|---|
| Gramercy Securities, Inc. | 8177 | 5 | 2009–2024 |
|---|
| Great Nation Investment Corporation | 19981 | 3 | 2010–2013 |
|---|
| Great Point Capital LLC | 114203 | 149 | 2018–2026 |
|---|
| Green Vista Capital, LLC | 293630 | 3 | 2023–2026 |
|---|
| Growth Capital Services, Inc. | 124658 | 4 | 2020–2022 |
|---|
| Harbour Investments, Inc | 19258 | 23 | 2013–2026 |
|---|
| Herald & Lantern Investments, Inc. | 30996 | 6 | 2022–2026 |
|---|
| Hightower Securities, LLC | 116681 | 8 | 2023–2026 |
|---|
| Hilltop Securities Inc. | 6220 | 9 | 2022–2026 |
|---|
| Hines Private Wealth Solutions LLC | 128145 | 10 | 2022–2026 |
|---|
| Hornor, Townsend & Kent, Inc. | 4031 | 4 | 2010–2012 |
|---|
| Huntwicke Securities, LLC | 146993 | 25 | 2011–2026 |
|---|
| IBN Financial Services, Inc. | 42360 | 35 | 2022–2026 |
|---|
| IDB Capital Corp. | 106032 | 7 | 2022–2026 |
|---|
| Independence Capital Co., Inc. | 24723 | 3 | 2022–2024 |
|---|
| Independent Financial Group, LLC | 7717 | 83 | 2009–2026 |
|---|
| Infinity Financial Services | 144302 | 8 | 2023–2025 |
|---|
| Inland Securities Corporation | 15807 | 58 | 2009–2026 |
|---|
| Innovation Partners LLC | 146344 | 14 | 2023–2026 |
|---|
| International Assets Advisory, LLC | 10645 | 6 | 2022–2026 |
|---|
| Invest Financial Corporation | 12984 | 4 | 2010–2011 |
|---|
| Investacorp, Inc. | 7684 | 33 | 2009–2013 |
|---|
| Investment Planners, Inc. | 18557 | 22 | 2009–2026 |
|---|
| Investment Security Corporation | 47536 | 29 | 2009–2026 |
|---|
| Investors Capital Corp. | 30613 | 29 | 2009–2013 |
|---|
| Invicta Capital LLC | 288101 | 5 | 2022–2025 |
|---|
| J.P. Morgan Securities LLC | 79 | 12 | 2024–2026 |
|---|
| J.P. Turner & Company, L.L.C. | 43177 | 13 | 2010–2013 |
|---|
| J.W. Cole Financial, Inc. | 124583 | 4 | 2013–2026 |
|---|
| Janney Montgomery Scott LLC | 463 | 24 | 2022–2026 |
|---|
| Jones Lang LaSalle Securities, LLC | 120738 | 4 | 2024–2026 |
|---|
| JRL Capital Corporation | 10225 | 28 | 2011–2024 |
|---|
| Kalos Capital, Inc. | 44337 | 12 | 2009–2024 |
|---|
| KCD Financial, Inc. | 127473 | 7 | 2009–2025 |
|---|
| Kestra Investment Services, LLC | 42046 | 10 | 2009–2026 |
|---|
| Kingswood Capital Partners, LLC | 288898 | 21 | 2022–2026 |
|---|
| Kovack Securities Inc. | 44848 | 6 | 2009–2024 |
|---|
| Landolt Securities, Inc. | 28352 | 3 | 2010–2012 |
|---|
| LaSalle Investment Management Distributors, LLC | 157625 | 20 | 2022–2026 |
|---|
| LifeMark Securities Corp. | 16204 | 4 | 2022–2025 |
|---|
| Lighthouse Capital Group, LLC | 169135 | 78 | 2016–2026 |
|---|
| Lightpath Capital, Inc. | 34617 | 82 | 2020–2026 |
|---|
| Lion Street Financial, LLC | 165828 | 14 | 2023–2026 |
|---|
| Lodas Securities, LLC | 313056 | 3 | 2025–2026 |
|---|
| LPL Financial LLC | 6413 | 43 | 2009–2026 |
|---|
| Lyndhurst Securities Inc. | 315582 | 3 | 2023–2024 |
|---|
| M.S. Howells & Co. | 104100 | 11 | 2024–2026 |
|---|
| Madison Avenue Securities, LLC | 23224 | 19 | 2010–2025 |
|---|
| Madison Capital Markets LLC | 332196 | 4 | 2025–2026 |
|---|
| McDermott Investment Services, LLC | 154926 | 122 | 2011–2026 |
|---|
| MCL Financial Group, Inc. | 41180 | 5 | 2009–2011 |
|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | 7691 | 20 | 2024–2026 |
|---|
| Metric Financial, LLC | 33324 | 38 | 2023–2026 |
|---|
| Metropolitan Capital Investment Banc, Inc. | 148820 | 44 | 2021–2026 |
|---|
| MHL Investments | 2535 | 7 | 2021–2026 |
|---|
| MIT Associates, LLC | 121171 | 17 | 2022–2026 |
|---|
| MML Investor Services, LLC | 10409 | 10 | 2023–2026 |
|---|
| Moloney Securities Co., Inc. | 38535 | 8 | 2022–2026 |
|---|
| Momentum Independent Network Inc. | 17587 | 3 | 2024–2025 |
|---|
| Money Concepts Capital Corp | 12963 | 20 | 2010–2026 |
|---|
| Moody Securities, LLC | 148771 | 8 | 2012–2026 |
|---|
| Morgan Keegan & Company, Inc. | 4161 | 3 | 2010–2011 |
|---|
| Morgan Stanley | 149777 | 44 | 2022–2026 |
|---|
| MSC-BD, LLC | 142927 | 6 | 2023–2025 |
|---|
| Muriel Siebert & Co., LLC | 5376 | 6 | 2023–2026 |
|---|
| National Planning Corporation | 29604 | 3 | 2010–2011 |
|---|
| National Securities Corporation | 7569 | 9 | 2009–2023 |
|---|
| Nationwide Planning Associates Inc. | 31029 | 40 | 2022–2026 |
|---|
| Nelsonreid, Inc. | 45503 | 4 | 2011–2013 |
|---|
| Newbridge Securities Corporation | 104065 | 9 | 2022–2025 |
|---|
| Newport Coast Securities, Inc. | 16944 | 15 | 2009–2013 |
|---|
| Nexpoint Securities, Inc. | 165013 | 3 | 2025–2026 |
|---|
| NEXT Financial Group, Inc. | 46214 | 4 | 2025–2025 |
|---|
| NexTrend Securities, Inc. | 43710 | 13 | 2020–2026 |
|---|
| Northland Securities, Inc. | 40258 | 5 | 2010–2023 |
|---|
| NPB Financial Group, LLC | 137743 | 13 | 2010–2024 |
|---|
| Oak Tree Securities, Inc. | 18126 | 6 | 2020–2025 |
|---|
| Omni Brokerage, Inc. | 16878 | 10 | 2009–2011 |
|---|
| Oppenheimer & Co. Inc. | 249 | 3 | 2024–2026 |
|---|
| Orchard Securities, LLC | 133378 | 41 | 2011–2026 |
|---|
| Osaic FA, Inc. | 3978 | 26 | 2009–2025 |
|---|
| Osaic FS, Inc. | 3870 | 9 | 2011–2025 |
|---|
| Osaic Institutions, Inc. | 35371 | 14 | 2011–2026 |
|---|
| Osaic Wealth, Inc. | 23131 | 57 | 2010–2026 |
|---|
| Pacific West Securities, Inc. | 6390 | 25 | 2009–2013 |
|---|
| Park Avenue Securities LLC | 46173 | 11 | 2024–2026 |
|---|
| Parkland Securities, LLC | 115368 | 11 | 2009–2013 |
|---|
| Passco Capital, Inc. | 117323 | 31 | 2009–2026 |
|---|
| Patrick Capital Markets, LLC | 16518 | 31 | 2022–2026 |
|---|
| Pavek Investments Inc. | 15791 | 4 | 2009–2011 |
|---|
| Peachtree PC Investors, LLC | 301004 | 15 | 2022–2026 |
|---|
| Peak Brokerage Services, LLC | 157045 | 20 | 2022–2026 |
|---|
| PH Partners, LLC | 130790 | 3 | 2021–2024 |
|---|
| Pinnacle Capital Securities, LLC | 106213 | 4 | 2020–2025 |
|---|
| Preferred Capital Securities, LLC | 169719 | 8 | 2022–2026 |
|---|
| Prime Capital Services, Inc. | 18334 | 6 | 2010–2013 |
|---|
| Primex | 29394 | 11 | 2010–2013 |
|---|
| Primus Financial Services, LLC | 307060 | 3 | 2023–2024 |
|---|
| Private Client Services, LLC | 120222 | 16 | 2022–2026 |
|---|
| Purshe Kaplan Sterling Investments | 35747 | 43 | 2021–2026 |
|---|
| Questar Capital Corp. | 43100 | 6 | 2009–2013 |
|---|
| Quincy Wells Capital, LLC | 334163 | 11 | 2026–2026 |
|---|
| Raymond James & Associates, Inc. | 705 | 5 | 2025–2026 |
|---|
| Raymond James Financial Services, Inc. | 6694 | 8 | 2023–2026 |
|---|
| RBC Capital Markets, LLC | 31194 | 33 | 2022–2026 |
|---|
| RCX Capital Group, LLC | 114290 | 56 | 2022–2026 |
|---|
| Realized Financial, Inc. | 22333 | 160 | 2021–2026 |
|---|
| Realta Equities, Inc. | 23769 | 93 | 2022–2026 |
|---|
| Regent Capital Group, Inc. | 126881 | 3 | 2009–2011 |
|---|
| RM Securities, LLC | 323671 | 12 | 2025–2026 |
|---|
| Robert W. Baird & Co. Incorporated | 8158 | 22 | 2022–2026 |
|---|
| Rockefeller Financial LLC | 291361 | 26 | 2022–2026 |
|---|
| S2K Financial LLC | 248786 | 4 | 2022–2026 |
|---|
| Sagepoint Financial, Inc. | 133763 | 23 | 2009–2024 |
|---|
| Sanctuary Securities, Inc. | 205 | 20 | 2022–2026 |
|---|
| Sandlapper Securities, LLC | 137906 | 15 | 2011–2019 |
|---|
| Saxony Securities, Inc. | 115547 | 57 | 2022–2026 |
|---|
| SCF Securities, Inc. | 47275 | 8 | 2022–2025 |
|---|
| Securities America, Inc. | 10205 | 29 | 2009–2025 |
|---|
| Securities Service Network, Inc. | 13318 | 4 | 2011–2012 |
|---|
| Select Capital Corporation | 145997 | 5 | 2009–2022 |
|---|
| Sigma Financial Corporation | 14303 | 25 | 2009–2013 |
|---|
| Signature Estate Securities, LLC | 18923 | 4 | 2012–2026 |
|---|
| Sii Investments, Inc. | 2225 | 4 | 2010–2011 |
|---|
| Somerset Securities, Inc. | 2493 | 12 | 2022–2025 |
|---|
| Spire Securities, LLC | 144131 | 4 | 2011–2026 |
|---|
| Stax Capital | 300607 | 32 | 2022–2026 |
|---|
| Sterling Enterprises Group, Inc. | 44915 | 4 | 2011–2013 |
|---|
| Steven L. Falk & Associates, Inc. | 14297 | 9 | 2009–2011 |
|---|
| Stifel Nicolaus & Company, Incorporated | 793 | 17 | 2022–2026 |
|---|
| Stonecrest Capital Markets, Inc. | 39616 | 16 | 2022–2026 |
|---|
| Summit Brokerage Services, Inc | 34643 | 3 | 2011–2012 |
|---|
| TCFG Wealth Management, LLC | 164153 | 20 | 2020–2026 |
|---|
| The Investment Center, Inc. | 17839 | 3 | 2010–2024 |
|---|
| The Strategic Financial Alliance, Inc. | 126514 | 34 | 2011–2026 |
|---|
| Third Seven Capital LLC | 160209 | 20 | 2017–2026 |
|---|
| Titan Securities | 131392 | 14 | 2022–2024 |
|---|
| TNP Securities, LLC | 149178 | 6 | 2010–2013 |
|---|
| Transamerica Financial Advisors, Inc. | 16164 | 6 | 2010–2013 |
|---|
| Triad Advisors LLC | 25803 | 40 | 2009–2025 |
|---|
| U.S. BANCORP INVESTMENTS, INC. | 17868 | 3 | 2024–2026 |
|---|
| UBS Financial Services Inc. | 8174 | 13 | 2023–2026 |
|---|
| United Planners' Financial Services of America a Limited Partner | 20804 | 10 | 2011–2026 |
|---|
| Vanderbilt Securities, LLC | 5953 | 23 | 2012–2026 |
|---|
| VFG Securities, Inc. | 15121 | 6 | 2009–2013 |
|---|
| VSR Financial Services, Inc. | 14503 | 17 | 2009–2013 |
|---|
| WealthForge Distribors, LLC | 330314 | 4 | 2026–2026 |
|---|
| Wealthforge Securities, LLC | 152550 | 131 | 2018–2026 |
|---|
| Wells Fargo Advisors Financial Network, LLC | 11025 | 7 | 2024–2026 |
|---|
| Wells Fargo Clearing Services, LLC | 19616 | 7 | 2023–2026 |
|---|
| Western International Securities, Inc. | 39262 | 27 | 2010–2025 |
|---|
| Westpark Capital, Inc. | 39914 | 8 | 2022–2026 |
|---|
| Whitehall-Parker Securities, Inc. | 10608 | 30 | 2009–2024 |
|---|
| Willow Cove Investment Group, Inc. | 107824 | 14 | 2020–2025 |
|---|
| Wilson-Davis & Co., Inc. | 3777 | 6 | 2011–2024 |
|---|
| Wintrust Investments LLC | 875 | 6 | 2022–2025 |
|---|
| Woodbury Financial Services, Inc. | 421 | 21 | 2010–2024 |
|---|
| World Equity Group, Inc. | 29087 | 23 | 2022–2026 |
|---|
| World Investments, LLC | 20626 | 9 | 2024–2026 |
|---|
| XML Securities | 145589 | 4 | 2012–2026 |
|---|
Firms named in fewer than three offerings appear on those offering records.
A firm's appearance here is a fact from an SEC filing. It is not an endorsement, a rating or a recommendation of the firm or of any offering.
Data updated Oct 15, 2026
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