Disclaimer: Alternative investment products, including real estate investments, notes & debentures, hedge funds and private equity, involve a high degree of risk, often engage in leveraging and other speculative investment practices that may increase the risk of investment loss, can be highly illiquid, are not required to provide periodic pricing or valuation information to investors, may involve complex tax structures and delays in distributing important tax information, are not subject to the same regulatory requirements as mutual funds, often charge high fees which may offset any trading profits, and in many cases the underlying investments are not transparent and are known only to the investment manager. Alternative investment performance can be volatile. An investor could lose all or a substantial amount of his or her investment. Often, alternative investment fund and account managers have total trading authority over their funds or accounts; the use of a single advisor applying generally similar trading programs could mean lack of diversification and, consequently, higher risk. There may be restrictions on transferring interests in any alternative investment. Alternative investment products often execute a substantial portion of their trades on non-U.S. exchanges. Investing in foreign markets may entail risks that differ from those associated with investments in U.S. markets. Additionally, alternative investments often entail commodity trading, which involves substantial risk of loss. Acquiring these types of investments in the secondary auction market does not eliminate any of these risks.

NO OFFER OR SOLICITATION: The contents of this website: (i) do not constitute an offer of securities or a solicitation of an offer to buy of securities in primary distribution, and (ii) may not be relied upon in making an investment decision related to any investment offering. This is a secondary auction site and not involved in the primary distribution of Limited Partnerships, Private Placements, Non-Traded REITs or other illiquid Direct Participation Programs and Private Stock. 1st Trade and DMERC do not warrant the accuracy or completeness of the information contained herein.

Securities offered through D-MERC Services LLC (“DMERC”) – Member FINRA/SIPC. 1st Trade is a registered branch office of DMERC and 1st Trade and DMERC are affiliated companies.

Important: Alternative and Illiquid Private Placement investment products traded herein are not FDIC insured or bank guaranteed and may lose value.