EFDID: 344070EFD: Raw Data

Issuer: MDS 2020 - Marcellus Shale Development, LP (0001808585) - D/A

Accession: 0001808585-21-000001 () (EDGAREDGAR Files) (Form DForm D)

Edgar Posted: Mar. 12, 2021
EFD Posted: Mar. 12, 2021
- < edgarSubmission >
  < schemaVersion > X0708 </ schemaVersion >
  < submissionType > D/A </ submissionType >
  < testOrLive > LIVE </ testOrLive >
- < primaryIssuer >
  < cik > 0001808585 </ cik >
  < entityName > MDS 2020 - Marcellus Shale Development, LP </ entityName >
- < issuerAddress >
  < street1 > 603 STANWIX STREET </ street1 >
  < street2 > SUITE 1750 </ street2 >
  < city > PITTSBURGH </ city >
  < stateOrCountry > PA </ stateOrCountry >
  < stateOrCountryDescription > PENNSYLVANIA </ stateOrCountryDescription >
  < zipCode > 15222 </ zipCode >
  </ issuerAddress >
  < issuerPhoneNumber > 412-785-7370 </ issuerPhoneNumber >
  < jurisdictionOfInc > PENNSYLVANIA </ jurisdictionOfInc >
- < issuerPreviousNameList >
  < value > None </ value >
  </ issuerPreviousNameList >
- < edgarPreviousNameList >
  < value > None </ value >
  </ edgarPreviousNameList >
  < entityType > Limited Partnership </ entityType >
- < yearOfInc >
  < withinFiveYears > true </ withinFiveYears >
  < value > 2017 </ value >
  </ yearOfInc >
  </ primaryIssuer >
- < relatedPersonsList >
- < relatedPersonInfo >
- < relatedPersonName >
  < firstName > - </ firstName >
  < lastName > MDS Energy Development, LLC </ lastName >
  </ relatedPersonName >
- < relatedPersonAddress >
  < street1 > 603 Stanwix Street, Unit 1750 </ street1 >
  < street2 > Two Gateway Center </ street2 >
  < city > Pittsburgh </ city >
  < stateOrCountry > PA </ stateOrCountry >
  < stateOrCountryDescription > PENNSYLVANIA </ stateOrCountryDescription >
  < zipCode > 15222 </ zipCode >
  </ relatedPersonAddress >
- < relatedPersonRelationshipList >
  < relationship > Executive Officer </ relationship >
  < relationship > Director </ relationship >
  < relationship > Promoter </ relationship >
  </ relatedPersonRelationshipList >
  < relationshipClarification > Managing General Partner of the Issuer. </ relationshipClarification >
  </ relatedPersonInfo >
- < relatedPersonInfo >
- < relatedPersonName >
  < firstName > Michael </ firstName >
  < middleName > D. </ middleName >
  < lastName > Snyder </ lastName >
  </ relatedPersonName >
- < relatedPersonAddress >
  < street1 > 603 Stanwix Street, Unit 1750 </ street1 >
  < street2 > Two Gateway Center </ street2 >
  < city > Pittsburgh </ city >
  < stateOrCountry > PA </ stateOrCountry >
  < stateOrCountryDescription > PENNSYLVANIA </ stateOrCountryDescription >
  < zipCode > 15222 </ zipCode >
  </ relatedPersonAddress >
- < relatedPersonRelationshipList >
  < relationship > Executive Officer </ relationship >
  < relationship > Promoter </ relationship >
  </ relatedPersonRelationshipList >
  < relationshipClarification > CEO of the Managing General Partner. </ relationshipClarification >
  </ relatedPersonInfo >
- < relatedPersonInfo >
- < relatedPersonName >
  < firstName > Randall </ firstName >
  < middleName > L. </ middleName >
  < lastName > Morris, Jr. </ lastName >
  </ relatedPersonName >
- < relatedPersonAddress >
  < street1 > 603 Stanwix Street, Unit 1750 </ street1 >
  < street2 > Two Gateway Center </ street2 >
  < city > Pittsburgh </ city >
  < stateOrCountry > PA </ stateOrCountry >
  < stateOrCountryDescription > PENNSYLVANIA </ stateOrCountryDescription >
  < zipCode > 15222 </ zipCode >
  </ relatedPersonAddress >
- < relatedPersonRelationshipList >
  < relationship > Executive Officer </ relationship >
  </ relatedPersonRelationshipList >
  < relationshipClarification > COO of the Managing General Partner. </ relationshipClarification >
  </ relatedPersonInfo >
- < relatedPersonInfo >
- < relatedPersonName >
  < firstName > Michael </ firstName >
  < middleName > S. </ middleName >
  < lastName > Knapp </ lastName >
  </ relatedPersonName >
- < relatedPersonAddress >
  < street1 > 603 Stanwix Street, Unit 1750 </ street1 >
  < street2 > Two Gateway Center </ street2 >
  < city > Pittsburgh </ city >
  < stateOrCountry > PA </ stateOrCountry >
  < stateOrCountryDescription > PENNSYLVANIA </ stateOrCountryDescription >
  < zipCode > 15222 </ zipCode >
  </ relatedPersonAddress >
- < relatedPersonRelationshipList >
  < relationship > Executive Officer </ relationship >
  </ relatedPersonRelationshipList >
  < relationshipClarification > President of the Managing General Partner. </ relationshipClarification >
  </ relatedPersonInfo >
- < relatedPersonInfo >
- < relatedPersonName >
  < firstName > Richard </ firstName >
  < lastName > Saadeh </ lastName >
  </ relatedPersonName >
- < relatedPersonAddress >
  < street1 > 603 Stanwix Street, Unit 1750 </ street1 >
  < street2 > Two Gateway Center </ street2 >
  < city > Pittsburgh </ city >
  < stateOrCountry > PA </ stateOrCountry >
  < stateOrCountryDescription > PENNSYLVANIA </ stateOrCountryDescription >
  < zipCode > 15222 </ zipCode >
  </ relatedPersonAddress >
- < relatedPersonRelationshipList >
  < relationship > Executive Officer </ relationship >
  </ relatedPersonRelationshipList >
  < relationshipClarification > Executive VP of Development of the Managing General Partner. </ relationshipClarification >
  </ relatedPersonInfo >
- < relatedPersonInfo >
- < relatedPersonName >
  < firstName > Woody </ firstName >
  < lastName > Soemantoro </ lastName >
  </ relatedPersonName >
- < relatedPersonAddress >
  < street1 > 603 Stanwix Street, Unit 1750 </ street1 >
  < street2 > Two Gateway Center </ street2 >
  < city > Pittsburgh </ city >
  < stateOrCountry > PA </ stateOrCountry >
  < stateOrCountryDescription > PENNSYLVANIA </ stateOrCountryDescription >
  < zipCode > 15222 </ zipCode >
  </ relatedPersonAddress >
- < relatedPersonRelationshipList >
  < relationship > Executive Officer </ relationship >
  </ relatedPersonRelationshipList >
  < relationshipClarification > Executive VP of National Accounts and Due Diligence of the Managing General Partner. </ relationshipClarification >
  </ relatedPersonInfo >
- < relatedPersonInfo >
- < relatedPersonName >
  < firstName > Zachary </ firstName >
  < lastName > Avi </ lastName >
  </ relatedPersonName >
- < relatedPersonAddress >
  < street1 > 603 Stanwix Street, Unit 1750 </ street1 >
  < street2 > Two Gateway Center </ street2 >
  < city > Pittsburgh </ city >
  < stateOrCountry > PA </ stateOrCountry >
  < stateOrCountryDescription > PENNSYLVANIA </ stateOrCountryDescription >
  < zipCode > 15222 </ zipCode >
  </ relatedPersonAddress >
- < relatedPersonRelationshipList >
  < relationship > Executive Officer </ relationship >
  </ relatedPersonRelationshipList >
  < relationshipClarification > Executive VP of Investments of the Managing General Partner. </ relationshipClarification >
  </ relatedPersonInfo >
  </ relatedPersonsList >
- < offeringData >
- < industryGroup >
  < industryGroupType > Oil and Gas </ industryGroupType >
  </ industryGroup >
- < issuerSize >
  < revenueRange > Decline to Disclose </ revenueRange >
  </ issuerSize >
- < federalExemptionsExclusions >
  < item > 06b </ item >
  </ federalExemptionsExclusions >
- < typeOfFiling >
- < newOrAmendment >
  < isAmendment > true </ isAmendment >
  < previousAccessionNumber > 0001808585-20-000001 </ previousAccessionNumber >
  </ newOrAmendment >
- < dateOfFirstSale >
  < value > 2020-07-24 </ value >
  </ dateOfFirstSale >
  </ typeOfFiling >
- < durationOfOffering >
  < moreThanOneYear > false </ moreThanOneYear >
  </ durationOfOffering >
- < typesOfSecuritiesOffered >
  < isEquityType > true </ isEquityType >
  </ typesOfSecuritiesOffered >
- < businessCombinationTransaction >
  < isBusinessCombinationTransaction > false </ isBusinessCombinationTransaction >
  < clarificationOfResponse />
  </ businessCombinationTransaction >
  < minimumInvestmentAccepted > 8800 </ minimumInvestmentAccepted >
- < salesCompensationList >
- < recipient >
  < recipientName > Arete Wealth Management, LLC </ recipientName >
  < recipientCRDNumber > 44856 </ recipientCRDNumber >
  < associatedBDName > None </ associatedBDName >
  < associatedBDCRDNumber > None </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 1101 W. Lake Street </ street1 >
  < street2 > 1st Floor </ street2 >
  < city > Chicago </ city >
  < stateOrCountry > IL </ stateOrCountry >
  < stateOrCountryDescription > ILLINOIS </ stateOrCountryDescription >
  < zipCode > 60607 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > AK </ state >
  < description > ALASKA </ description >
  < state > AZ </ state >
  < description > ARIZONA </ description >
  < state > CA </ state >
  < description > CALIFORNIA </ description >
  < state > CT </ state >
  < description > CONNECTICUT </ description >
  < state > FL </ state >
  < description > FLORIDA </ description >
  < state > GA </ state >
  < description > GEORGIA </ description >
  < state > IL </ state >
  < description > ILLINOIS </ description >
  < state > IA </ state >
  < description > IOWA </ description >
  < state > KS </ state >
  < description > KANSAS </ description >
  < state > MD </ state >
  < description > MARYLAND </ description >
  < state > MN </ state >
  < description > MINNESOTA </ description >
  < state > MS </ state >
  < description > MISSISSIPPI </ description >
  < state > MO </ state >
  < description > MISSOURI </ description >
  < state > MT </ state >
  < description > MONTANA </ description >
  < state > NV </ state >
  < description > NEVADA </ description >
  < state > NJ </ state >
  < description > NEW JERSEY </ description >
  < state > NY </ state >
  < description > NEW YORK </ description >
  < state > NC </ state >
  < description > NORTH CAROLINA </ description >
  < state > OH </ state >
  < description > OHIO </ description >
  < state > PA </ state >
  < description > PENNSYLVANIA </ description >
  < state > RI </ state >
  < description > RHODE ISLAND </ description >
  < state > SD </ state >
  < description > SOUTH DAKOTA </ description >
  < state > TN </ state >
  < description > TENNESSEE </ description >
  < state > TX </ state >
  < description > TEXAS </ description >
  < state > UT </ state >
  < description > UTAH </ description >
  < state > VA </ state >
  < description > VIRGINIA </ description >
  < state > WA </ state >
  < description > WASHINGTON </ description >
  < state > WI </ state >
  < description > WISCONSIN </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Arkadios Capital </ recipientName >
  < recipientCRDNumber > 282710 </ recipientCRDNumber >
  < associatedBDName > None </ associatedBDName >
  < associatedBDCRDNumber > None </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 309 East Paces Ferry Road </ street1 >
  < street2 > Suite 100 </ street2 >
  < city > Atlanta </ city >
  < stateOrCountry > GA </ stateOrCountry >
  < stateOrCountryDescription > GEORGIA </ stateOrCountryDescription >
  < zipCode > 30305 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > FL </ state >
  < description > FLORIDA </ description >
  < state > NC </ state >
  < description > NORTH CAROLINA </ description >
  < state > PA </ state >
  < description > PENNSYLVANIA </ description >
  < state > SC </ state >
  < description > SOUTH CAROLINA </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Ausdal Financial Partners, Inc. </ recipientName >
  < recipientCRDNumber > 7995 </ recipientCRDNumber >
  < associatedBDName > None </ associatedBDName >
  < associatedBDCRDNumber > None </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 5187 Utica Ridge Rd </ street1 >
  < city > Davenport </ city >
  < stateOrCountry > IA </ stateOrCountry >
  < stateOrCountryDescription > IOWA </ stateOrCountryDescription >
  < zipCode > 52807 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > AK </ state >
  < description > ALASKA </ description >
  < state > AZ </ state >
  < description > ARIZONA </ description >
  < state > CA </ state >
  < description > CALIFORNIA </ description >
  < state > CO </ state >
  < description > COLORADO </ description >
  < state > FL </ state >
  < description > FLORIDA </ description >
  < state > GA </ state >
  < description > GEORGIA </ description >
  < state > IL </ state >
  < description > ILLINOIS </ description >
  < state > IN </ state >
  < description > INDIANA </ description >
  < state > MN </ state >
  < description > MINNESOTA </ description >
  < state > MO </ state >
  < description > MISSOURI </ description >
  < state > NJ </ state >
  < description > NEW JERSEY </ description >
  < state > OH </ state >
  < description > OHIO </ description >
  < state > TX </ state >
  < description > TEXAS </ description >
  < state > VA </ state >
  < description > VIRGINIA </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Cambridge Investment Research </ recipientName >
  < recipientCRDNumber > 39543 </ recipientCRDNumber >
  < associatedBDName > None </ associatedBDName >
  < associatedBDCRDNumber > None </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 200 East Broadway </ street1 >
  < city > Jackson </ city >
  < stateOrCountry > WY </ stateOrCountry >
  < stateOrCountryDescription > WYOMING </ stateOrCountryDescription >
  < zipCode > 83001 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > AZ </ state >
  < description > ARIZONA </ description >
  < state > CA </ state >
  < description > CALIFORNIA </ description >
  < state > CO </ state >
  < description > COLORADO </ description >
  < state > CT </ state >
  < description > CONNECTICUT </ description >
  < state > FL </ state >
  < description > FLORIDA </ description >
  < state > IL </ state >
  < description > ILLINOIS </ description >
  < state > IA </ state >
  < description > IOWA </ description >
  < state > LA </ state >
  < description > LOUISIANA </ description >
  < state > MD </ state >
  < description > MARYLAND </ description >
  < state > MI </ state >
  < description > MICHIGAN </ description >
  < state > NC </ state >
  < description > NORTH CAROLINA </ description >
  < state > OH </ state >
  < description > OHIO </ description >
  < state > PA </ state >
  < description > PENNSYLVANIA </ description >
  < state > VA </ state >
  < description > VIRGINIA </ description >
  < state > WA </ state >
  < description > WASHINGTON </ description >
  < state > WV </ state >
  < description > WEST VIRGINIA </ description >
  < state > WI </ state >
  < description > WISCONSIN </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Center Street Securities </ recipientName >
  < recipientCRDNumber > 26898 </ recipientCRDNumber >
  < associatedBDName > None </ associatedBDName >
  < associatedBDCRDNumber > None </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 2 International Plaza </ street1 >
  < street2 > Suite 301 </ street2 >
  < city > Nashville </ city >
  < stateOrCountry > TN </ stateOrCountry >
  < stateOrCountryDescription > TENNESSEE </ stateOrCountryDescription >
  < zipCode > 37217 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > AZ </ state >
  < description > ARIZONA </ description >
  < state > CA </ state >
  < description > CALIFORNIA </ description >
  < state > CO </ state >
  < description > COLORADO </ description >
  < state > FL </ state >
  < description > FLORIDA </ description >
  < state > NV </ state >
  < description > NEVADA </ description >
  < state > ND </ state >
  < description > NORTH DAKOTA </ description >
  < state > SD </ state >
  < description > SOUTH DAKOTA </ description >
  < state > WA </ state >
  < description > WASHINGTON </ description >
  < state > WY </ state >
  < description > WYOMING </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Emerson Equity LLC </ recipientName >
  < recipientCRDNumber > 130032 </ recipientCRDNumber >
  < associatedBDName > None </ associatedBDName >
  < associatedBDCRDNumber > None </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 155 Bovet Road </ street1 >
  < street2 > Suite 725 </ street2 >
  < city > San Mateo </ city >
  < stateOrCountry > CA </ stateOrCountry >
  < stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >
  < zipCode > 94402 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > CA </ state >
  < description > CALIFORNIA </ description >
  < state > GA </ state >
  < description > GEORGIA </ description >
  < state > MD </ state >
  < description > MARYLAND </ description >
  < state > NJ </ state >
  < description > NEW JERSEY </ description >
  < state > NY </ state >
  < description > NEW YORK </ description >
  < state > TN </ state >
  < description > TENNESSEE </ description >
  < state > WA </ state >
  < description > WASHINGTON </ description >
  < state > WI </ state >
  < description > WISCONSIN </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Kalos Capital, Inc. </ recipientName >
  < recipientCRDNumber > 44337 </ recipientCRDNumber >
  < associatedBDName > None </ associatedBDName >
  < associatedBDCRDNumber > None </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 11525 Park Woods Circle </ street1 >
  < street2 > Suite 280 </ street2 >
  < city > Alpharetta </ city >
  < stateOrCountry > GA </ stateOrCountry >
  < stateOrCountryDescription > GEORGIA </ stateOrCountryDescription >
  < zipCode > 30005 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > FL </ state >
  < description > FLORIDA </ description >
  < state > GA </ state >
  < description > GEORGIA </ description >
  < state > IL </ state >
  < description > ILLINOIS </ description >
  < state > IA </ state >
  < description > IOWA </ description >
  < state > MI </ state >
  < description > MICHIGAN </ description >
  < state > MN </ state >
  < description > MINNESOTA </ description >
  < state > MO </ state >
  < description > MISSOURI </ description >
  < state > NV </ state >
  < description > NEVADA </ description >
  < state > NJ </ state >
  < description > NEW JERSEY </ description >
  < state > NY </ state >
  < description > NEW YORK </ description >
  < state > NC </ state >
  < description > NORTH CAROLINA </ description >
  < state > OH </ state >
  < description > OHIO </ description >
  < state > OK </ state >
  < description > OKLAHOMA </ description >
  < state > OR </ state >
  < description > OREGON </ description >
  < state > TX </ state >
  < description > TEXAS </ description >
  < state > UT </ state >
  < description > UTAH </ description >
  < state > VA </ state >
  < description > VIRGINIA </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Newbridge Securities Corp, </ recipientName >
  < recipientCRDNumber > 104065 </ recipientCRDNumber >
  < associatedBDName > None </ associatedBDName >
  < associatedBDCRDNumber > None </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 1200 North Federal Highway </ street1 >
  < street2 > Suite 400 </ street2 >
  < city > Boca Raton </ city >
  < stateOrCountry > FL </ stateOrCountry >
  < stateOrCountryDescription > FLORIDA </ stateOrCountryDescription >
  < zipCode > 33432 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > AZ </ state >
  < description > ARIZONA </ description >
  < state > CA </ state >
  < description > CALIFORNIA </ description >
  < state > CO </ state >
  < description > COLORADO </ description >
  < state > FL </ state >
  < description > FLORIDA </ description >
  < state > IN </ state >
  < description > INDIANA </ description >
  < state > MD </ state >
  < description > MARYLAND </ description >
  < state > MA </ state >
  < description > MASSACHUSETTS </ description >
  < state > MI </ state >
  < description > MICHIGAN </ description >
  < state > NJ </ state >
  < description > NEW JERSEY </ description >
  < state > NY </ state >
  < description > NEW YORK </ description >
  < state > NC </ state >
  < description > NORTH CAROLINA </ description >
  < state > WA </ state >
  < description > WASHINGTON </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Voya Financial Advisor, Inc. </ recipientName >
  < recipientCRDNumber > 2882 </ recipientCRDNumber >
  < associatedBDName > None </ associatedBDName >
  < associatedBDCRDNumber > None </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 699 Walnut Street </ street1 >
  < street2 > Suite 1000 </ street2 >
  < city > Des Moines </ city >
  < stateOrCountry > IA </ stateOrCountry >
  < stateOrCountryDescription > IOWA </ stateOrCountryDescription >
  < zipCode > 50309 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > AR </ state >
  < description > ARKANSAS </ description >
  < state > CA </ state >
  < description > CALIFORNIA </ description >
  < state > FL </ state >
  < description > FLORIDA </ description >
  < state > IL </ state >
  < description > ILLINOIS </ description >
  < state > MI </ state >
  < description > MICHIGAN </ description >
  < state > NV </ state >
  < description > NEVADA </ description >
  < state > NC </ state >
  < description > NORTH CAROLINA </ description >
  < state > OH </ state >
  < description > OHIO </ description >
  < state > SC </ state >
  < description > SOUTH CAROLINA </ description >
  < state > TN </ state >
  < description > TENNESSEE </ description >
  < state > WA </ state >
  < description > WASHINGTON </ description >
  < state > WI </ state >
  < description > WISCONSIN </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > James Schipper </ recipientName >
  < recipientCRDNumber > 158282 </ recipientCRDNumber >
  < associatedBDName > Advisory Alpha, LLC </ associatedBDName >
  < associatedBDCRDNumber > 158282 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 148 S River Avenue </ street1 >
  < street2 > Suite 301 </ street2 >
  < city > Holland </ city >
  < stateOrCountry > MI </ stateOrCountry >
  < stateOrCountryDescription > MICHIGAN </ stateOrCountryDescription >
  < zipCode > 49423 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > MI </ state >
  < description > MICHIGAN </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Jeffrey D Lewis </ recipientName >
  < recipientCRDNumber > 1744218 </ recipientCRDNumber >
  < associatedBDName > Advisory Group Equity Services Ltd </ associatedBDName >
  < associatedBDCRDNumber > 15427 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 444 Washington Street </ street1 >
  < street2 > Suite 407 </ street2 >
  < city > Woburn </ city >
  < stateOrCountry > MA </ stateOrCountry >
  < stateOrCountryDescription > MASSACHUSETTS </ stateOrCountryDescription >
  < zipCode > 10801 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > MA </ state >
  < description > MASSACHUSETTS </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Alvery A Bartlett Jr </ recipientName >
  < recipientCRDNumber > 13975 </ recipientCRDNumber >
  < associatedBDName > Aegis Capital Corp. </ associatedBDName >
  < associatedBDCRDNumber > 15007 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 810 7th Ave </ street1 >
  < street2 > 18th & 22nd FL </ street2 >
  < city > New York </ city >
  < stateOrCountry > NY </ stateOrCountry >
  < stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >
  < zipCode > 10019 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > KS </ state >
  < description > KANSAS </ description >
  < state > MD </ state >
  < description > MARYLAND </ description >
  < state > NJ </ state >
  < description > NEW JERSEY </ description >
  < state > NY </ state >
  < description > NEW YORK </ description >
  < state > OH </ state >
  < description > OHIO </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Joseph Bench </ recipientName >
  < recipientCRDNumber > 1052104 </ recipientCRDNumber >
  < associatedBDName > Aegis Capital Corp. </ associatedBDName >
  < associatedBDCRDNumber > 15007 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 810 7th Ave </ street1 >
  < street2 > 18th & 22nd FL </ street2 >
  < city > New York </ city >
  < stateOrCountry > NY </ stateOrCountry >
  < stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >
  < zipCode > 10019 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > NJ </ state >
  < description > NEW JERSEY </ description >
  < state > NY </ state >
  < description > NEW YORK </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Darren Whissen, MBA </ recipientName >
  < recipientCRDNumber > 4716755 </ recipientCRDNumber >
  < associatedBDName > Atomi Financial Grop </ associatedBDName >
  < associatedBDCRDNumber > 171787 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 20 Executive Park </ street1 >
  < street2 > STE 120 </ street2 >
  < city > Irvine </ city >
  < stateOrCountry > CA </ stateOrCountry >
  < stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >
  < zipCode > 92614 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > CA </ state >
  < description > CALIFORNIA </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Chad Frantzen </ recipientName >
  < recipientCRDNumber > 4210741 </ recipientCRDNumber >
  < associatedBDName > Authentic Counsel, LLC </ associatedBDName >
  < associatedBDCRDNumber > 173306 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 1560 E Southlake Blvd </ street1 >
  < street2 > Suite 100 </ street2 >
  < city > Southlake </ city >
  < stateOrCountry > TX </ stateOrCountry >
  < stateOrCountryDescription > TEXAS </ stateOrCountryDescription >
  < zipCode > 76092 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > CA </ state >
  < description > CALIFORNIA </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Matt Neilsen </ recipientName >
  < recipientCRDNumber > 2762423 </ recipientCRDNumber >
  < associatedBDName > Benchmark Investments, Inc. </ associatedBDName >
  < associatedBDCRDNumber > 103792 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 175 Country Club Dr </ street1 >
  < street2 > BLDG 400 Suite D </ street2 >
  < city > Stockbridge </ city >
  < stateOrCountry > GA </ stateOrCountry >
  < stateOrCountryDescription > GEORGIA </ stateOrCountryDescription >
  < zipCode > 30281 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > NJ </ state >
  < description > NEW JERSEY </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Stephen Austin </ recipientName >
  < recipientCRDNumber > 6380544 </ recipientCRDNumber >
  < associatedBDName > Benchmark Investments, Inc. </ associatedBDName >
  < associatedBDCRDNumber > 103792 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 175 Country Club Dr </ street1 >
  < street2 > BLDG 400 Suite D </ street2 >
  < city > Stockbridge </ city >
  < stateOrCountry > GA </ stateOrCountry >
  < stateOrCountryDescription > GEORGIA </ stateOrCountryDescription >
  < zipCode > 30281 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > CA </ state >
  < description > CALIFORNIA </ description >
  < state > NV </ state >
  < description > NEVADA </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Andew Cecil </ recipientName >
  < recipientCRDNumber > 3216821 </ recipientCRDNumber >
  < associatedBDName > Berthel Fisher & Co Financial Services, Inc. </ associatedBDName >
  < associatedBDCRDNumber > 13609 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 4201 42nd Street NE </ street1 >
  < street2 > Suite 100 </ street2 >
  < city > Cedar Rapids </ city >
  < stateOrCountry > IA </ stateOrCountry >
  < stateOrCountryDescription > IOWA </ stateOrCountryDescription >
  < zipCode > 52402 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > IA </ state >
  < description > IOWA </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Jean Ferneau </ recipientName >
  < recipientCRDNumber > 6136562 </ recipientCRDNumber >
  < associatedBDName > Berthel Fisher & Co Financial Services, Inc. </ associatedBDName >
  < associatedBDCRDNumber > 13609 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 4201 42nd Street NE </ street1 >
  < street2 > Suite 100 </ street2 >
  < city > Cedar Rapids </ city >
  < stateOrCountry > IA </ stateOrCountry >
  < stateOrCountryDescription > IOWA </ stateOrCountryDescription >
  < zipCode > 52402 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > CO </ state >
  < description > COLORADO </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Misty L Childs </ recipientName >
  < recipientCRDNumber > 2225214 </ recipientCRDNumber >
  < associatedBDName > Berthel Fisher & Co Financial Services, Inc. </ associatedBDName >
  < associatedBDCRDNumber > 13609 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 4201 42nd Street NE </ street1 >
  < street2 > Suite 100 </ street2 >
  < city > Cedar Rapids </ city >
  < stateOrCountry > IA </ stateOrCountry >
  < stateOrCountryDescription > IOWA </ stateOrCountryDescription >
  < zipCode > 52402 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > TX </ state >
  < description > TEXAS </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > William Kendrick Venables </ recipientName >
  < recipientCRDNumber > 864303 </ recipientCRDNumber >
  < associatedBDName > Berthel Fisher & Co Financial Services, Inc. </ associatedBDName >
  < associatedBDCRDNumber > 13609 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 4201 42nd Street NE </ street1 >
  < street2 > Suite 100 </ street2 >
  < city > Cedar Rapids </ city >
  < stateOrCountry > IA </ stateOrCountry >
  < stateOrCountryDescription > IOWA </ stateOrCountryDescription >
  < zipCode > 52402 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > IA </ state >
  < description > IOWA </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Lawrence Steinberg, Jr. </ recipientName >
  < recipientCRDNumber > 2349876 </ recipientCRDNumber >
  < associatedBDName > Cabin Securities, Inc. </ associatedBDName >
  < associatedBDCRDNumber > 137608 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 6240 W 13th Street </ street1 >
  < street2 > Suite 214 </ street2 >
  < city > Overland Park </ city >
  < stateOrCountry > KS </ stateOrCountry >
  < stateOrCountryDescription > KANSAS </ stateOrCountryDescription >
  < zipCode > 66223 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > CA </ state >
  < description > CALIFORNIA </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Jeff Vollmer </ recipientName >
  < recipientCRDNumber > 370544 </ recipientCRDNumber >
  < associatedBDName > Cabot Lodge Securites LLC </ associatedBDName >
  < associatedBDCRDNumber > 159712 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 200 Vesey Street </ street1 >
  < street2 > 24th FL </ street2 >
  < city > New York </ city >
  < stateOrCountry > NY </ stateOrCountry >
  < stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >
  < zipCode > 10281 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > CA </ state >
  < description > CALIFORNIA </ description >
  < state > NE </ state >
  < description > NEBRASKA </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Brian Parker </ recipientName >
  < recipientCRDNumber > 4280596 </ recipientCRDNumber >
  < associatedBDName > Cabot Lodge Securites LLC </ associatedBDName >
  < associatedBDCRDNumber > 159712 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 200 Vesey Street </ street1 >
  < street2 > 24th FL </ street2 >
  < city > New York </ city >
  < stateOrCountry > NY </ stateOrCountry >
  < stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >
  < zipCode > 10281 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > CA </ state >
  < description > CALIFORNIA </ description >
  < state > NE </ state >
  < description > NEBRASKA </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Jim Lund </ recipientName >
  < recipientCRDNumber > 713921 </ recipientCRDNumber >
  < associatedBDName > Cabot Lodge Securites LLC </ associatedBDName >
  < associatedBDCRDNumber > 159712 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 200 Vesey Street </ street1 >
  < street2 > 24th FL </ street2 >
  < city > New York </ city >
  < stateOrCountry > NY </ stateOrCountry >
  < stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >
  < zipCode > 10281 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > CA </ state >
  < description > CALIFORNIA </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Mark Wiacek </ recipientName >
  < recipientCRDNumber > 2135299 </ recipientCRDNumber >
  < associatedBDName > Cabot Lodge Securites LLC </ associatedBDName >
  < associatedBDCRDNumber > 159712 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 200 Vesey Street </ street1 >
  < street2 > 24th FL </ street2 >
  < city > New York </ city >
  < stateOrCountry > NY </ stateOrCountry >
  < stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >
  < zipCode > 10281 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > CA </ state >
  < description > CALIFORNIA </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Frank B Chauner </ recipientName >
  < recipientCRDNumber > 735725 </ recipientCRDNumber >
  < associatedBDName > Chauner Securities, Inc. </ associatedBDName >
  < associatedBDCRDNumber > 10075 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 666 Dundee Road </ street1 >
  < street2 > Suite 903 </ street2 >
  < city > Northbrook </ city >
  < stateOrCountry > IL </ stateOrCountry >
  < stateOrCountryDescription > ILLINOIS </ stateOrCountryDescription >
  < zipCode > 60062 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > IL </ state >
  < description > ILLINOIS </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Andew Tang </ recipientName >
  < recipientCRDNumber > 3157581 </ recipientCRDNumber >
  < associatedBDName > Claraphi Advisory Network, LLC </ associatedBDName >
  < associatedBDCRDNumber > 165868 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 120 Vantis Drive </ street1 >
  < street2 > Suite 585 </ street2 >
  < city > Aliso Viejo </ city >
  < stateOrCountry > CA </ stateOrCountry >
  < stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >
  < zipCode > 92656 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > FL </ state >
  < description > FLORIDA </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Vali Nasr </ recipientName >
  < recipientCRDNumber > 1052151 </ recipientCRDNumber >
  < associatedBDName > Claraphi Advisory Network, LLC </ associatedBDName >
  < associatedBDCRDNumber > 165868 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 120 Vantis Drive </ street1 >
  < street2 > Suite 585 </ street2 >
  < city > Aliso Viejo </ city >
  < stateOrCountry > CA </ stateOrCountry >
  < stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >
  < zipCode > 92656 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > FL </ state >
  < description > FLORIDA </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > W Allen Costellow </ recipientName >
  < recipientCRDNumber > 2169678 </ recipientCRDNumber >
  < associatedBDName > Client One Securities LLC </ associatedBDName >
  < associatedBDCRDNumber > 152974 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 11460 Tomahawk Creek Parkway </ street1 >
  < city > Leawood </ city >
  < stateOrCountry > KS </ stateOrCountry >
  < stateOrCountryDescription > KANSAS </ stateOrCountryDescription >
  < zipCode > 66211 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > KY </ state >
  < description > KENTUCKY </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Bobby Kyle Cowand </ recipientName >
  < recipientCRDNumber > 2317710 </ recipientCRDNumber >
  < associatedBDName > Coastal Equities, Inc. </ associatedBDName >
  < associatedBDCRDNumber > 23769 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 1201 N Orange St </ street1 >
  < street2 > Suite 729 </ street2 >
  < city > Wilmington </ city >
  < stateOrCountry > DE </ stateOrCountry >
  < stateOrCountryDescription > DELAWARE </ stateOrCountryDescription >
  < zipCode > 19801 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > TX </ state >
  < description > TEXAS </ description >
  < state > WA </ state >
  < description > WASHINGTON </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Kyle Cowand </ recipientName >
  < recipientCRDNumber > 2317710 </ recipientCRDNumber >
  < associatedBDName > Coastal Equities, Inc. </ associatedBDName >
  < associatedBDCRDNumber > 23769 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 1201 N Orange St </ street1 >
  < street2 > Suite 729 </ street2 >
  < city > Wilmington </ city >
  < stateOrCountry > DE </ stateOrCountry >
  < stateOrCountryDescription > DELAWARE </ stateOrCountryDescription >
  < zipCode > 19801 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > FL </ state >
  < description > FLORIDA </ description >
  < state > NY </ state >
  < description > NEW YORK </ description >
  < state > TX </ state >
  < description > TEXAS </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Michael A Mueller </ recipientName >
  < recipientCRDNumber > 2982867 </ recipientCRDNumber >
  < associatedBDName > Coastal Equities, Inc. </ associatedBDName >
  < associatedBDCRDNumber > 23769 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 1201 N Orange St </ street1 >
  < street2 > Suite 729 </ street2 >
  < city > Wilmington </ city >
  < stateOrCountry > DE </ stateOrCountry >
  < stateOrCountryDescription > DELAWARE </ stateOrCountryDescription >
  < zipCode > 19801 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > KY </ state >
  < description > KENTUCKY </ description >
  < state > OH </ state >
  < description > OHIO </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Joseph Kantakevich </ recipientName >
  < recipientCRDNumber > 5624294 </ recipientCRDNumber >
  < associatedBDName > DAI Securities, LLC </ associatedBDName >
  < associatedBDCRDNumber > 36673 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 2200 Century Parkway NE </ street1 >
  < street2 > Suite 435 </ street2 >
  < city > Atlanta </ city >
  < stateOrCountry > GA </ stateOrCountry >
  < stateOrCountryDescription > GEORGIA </ stateOrCountryDescription >
  < zipCode > 30345 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > MD </ state >
  < description > MARYLAND </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > James R McCurry, Sr </ recipientName >
  < recipientCRDNumber > 6705995 </ recipientCRDNumber >
  < associatedBDName > Dempsey Lord Smith, LLC </ associatedBDName >
  < associatedBDCRDNumber > 141238 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 901 N Broad Street </ street1 >
  < street2 > Suite 400 </ street2 >
  < city > Rome </ city >
  < stateOrCountry > GA </ stateOrCountry >
  < stateOrCountryDescription > GEORGIA </ stateOrCountryDescription >
  < zipCode > 30161 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > GA </ state >
  < description > GEORGIA </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Bryan A Repple </ recipientName >
  < recipientCRDNumber > 3200280 </ recipientCRDNumber >
  < associatedBDName > G.A. Repple & Company </ associatedBDName >
  < associatedBDCRDNumber > 17486 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 101 Normandy Rd </ street1 >
  < city > Casselberry </ city >
  < stateOrCountry > FL </ stateOrCountry >
  < stateOrCountryDescription > FLORIDA </ stateOrCountryDescription >
  < zipCode > 32707 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > AZ </ state >
  < description > ARIZONA </ description >
  < state > CO </ state >
  < description > COLORADO </ description >
  < state > FL </ state >
  < description > FLORIDA </ description >
  < state > UT </ state >
  < description > UTAH </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Shana Burt </ recipientName >
  < recipientCRDNumber > 4006676 </ recipientCRDNumber >
  < associatedBDName > G.A. Repple & Company </ associatedBDName >
  < associatedBDCRDNumber > 17486 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 101 Normandy Rd </ street1 >
  < city > Casselberry </ city >
  < stateOrCountry > FL </ stateOrCountry >
  < stateOrCountryDescription > FLORIDA </ stateOrCountryDescription >
  < zipCode > 32707 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > TX </ state >
  < description > TEXAS </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Brad Whalen </ recipientName >
  < recipientCRDNumber > 2582276 </ recipientCRDNumber >
  < associatedBDName > Green Vista Capital, LLC </ associatedBDName >
  < associatedBDCRDNumber > 293630 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 222 N Park Avenue </ street1 >
  < city > Winter Park </ city >
  < stateOrCountry > FL </ stateOrCountry >
  < stateOrCountryDescription > FLORIDA </ stateOrCountryDescription >
  < zipCode > 32789 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > FL </ state >
  < description > FLORIDA </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > William Bryant </ recipientName >
  < recipientCRDNumber > 6564712 </ recipientCRDNumber >
  < associatedBDName > High Speed, LLC </ associatedBDName >
  < associatedBDCRDNumber > 291399 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 2301 Woodclif Rd SE </ street1 >
  < city > Huntsville </ city >
  < stateOrCountry > AL </ stateOrCountry >
  < stateOrCountryDescription > ALABAMA </ stateOrCountryDescription >
  < zipCode > 35801 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > AL </ state >
  < description > ALABAMA </ description >
  < state > CA </ state >
  < description > CALIFORNIA </ description >
  < state > DE </ state >
  < description > DELAWARE </ description >
  < state > FL </ state >
  < description > FLORIDA </ description >
  < state > IL </ state >
  < description > ILLINOIS </ description >
  < state > LA </ state >
  < description > LOUISIANA </ description >
  < state > NC </ state >
  < description > NORTH CAROLINA </ description >
  < state > OH </ state >
  < description > OHIO </ description >
  < state > SC </ state >
  < description > SOUTH CAROLINA </ description >
  < state > TX </ state >
  < description > TEXAS </ description >
  < state > VA </ state >
  < description > VIRGINIA </ description >
  < state > WA </ state >
  < description > WASHINGTON </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Robert Moskwa </ recipientName >
  < recipientCRDNumber > 5325293 </ recipientCRDNumber >
  < associatedBDName > IBN Financial Services Inc </ associatedBDName >
  < associatedBDCRDNumber > 42360 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 404 Old Liverpool Rd </ street1 >
  < city > Liverpool </ city >
  < stateOrCountry > NY </ stateOrCountry >
  < stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >
  < zipCode > 13088 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > NY </ state >
  < description > NEW YORK </ description >
  < state > TX </ state >
  < description > TEXAS </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Jeff Dunseath </ recipientName >
  < recipientCRDNumber > 5882033 </ recipientCRDNumber >
  < associatedBDName > IBN Financial Services Inc </ associatedBDName >
  < associatedBDCRDNumber > 42360 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 404 Old Liverpool Rd </ street1 >
  < city > Liverpool </ city >
  < stateOrCountry > NY </ stateOrCountry >
  < stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >
  < zipCode > 13088 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > MD </ state >
  < description > MARYLAND </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Todd Rhine </ recipientName >
  < recipientCRDNumber > 2384366 </ recipientCRDNumber >
  < associatedBDName > IBN Financial Services Inc </ associatedBDName >
  < associatedBDCRDNumber > 42360 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 404 Old Liverpool Rd </ street1 >
  < city > Liverpool </ city >
  < stateOrCountry > NY </ stateOrCountry >
  < stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >
  < zipCode > 13088 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > GA </ state >
  < description > GEORGIA </ description >
  < state > WA </ state >
  < description > WASHINGTON </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Kenneth J Bellavance </ recipientName >
  < recipientCRDNumber > 6393105 </ recipientCRDNumber >
  < associatedBDName > Investment Planning Advisors </ associatedBDName >
  < associatedBDCRDNumber > 299212 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 327 Dahlonega Street </ street1 >
  < street2 > Suite 503 </ street2 >
  < city > Cumming </ city >
  < stateOrCountry > GA </ stateOrCountry >
  < stateOrCountryDescription > GEORGIA </ stateOrCountryDescription >
  < zipCode > 30040 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > GA </ state >
  < description > GEORGIA </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Edwin Day </ recipientName >
  < recipientCRDNumber > 2469775 </ recipientCRDNumber >
  < associatedBDName > KCD Financial, Inc. </ associatedBDName >
  < associatedBDCRDNumber > 127473 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 3061 Allied Street </ street1 >
  < street2 > Suite B </ street2 >
  < city > Green Bay </ city >
  < stateOrCountry > WI </ stateOrCountry >
  < stateOrCountryDescription > WISCONSIN </ stateOrCountryDescription >
  < zipCode > 54304 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > WA </ state >
  < description > WASHINGTON </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Randall A Heller </ recipientName >
  < recipientCRDNumber > 1209975 </ recipientCRDNumber >
  < associatedBDName > KCD Financial, Inc. </ associatedBDName >
  < associatedBDCRDNumber > 127473 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 3061 Allied Street </ street1 >
  < street2 > Suite B </ street2 >
  < city > Green Bay </ city >
  < stateOrCountry > WI </ stateOrCountry >
  < stateOrCountryDescription > WISCONSIN </ stateOrCountryDescription >
  < zipCode > 54304 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > IL </ state >
  < description > ILLINOIS </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Morris Nutt </ recipientName >
  < recipientCRDNumber > 2891940 </ recipientCRDNumber >
  < associatedBDName > Kingswood Capital Partners, LLC </ associatedBDName >
  < associatedBDCRDNumber > 308173 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 11440 W Bernardo Ct </ street1 >
  < street2 > Suite 300 </ street2 >
  < city > San Diego </ city >
  < stateOrCountry > CA </ stateOrCountry >
  < stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >
  < zipCode > 92127 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > TN </ state >
  < description > TENNESSEE </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Vince Annable </ recipientName >
  < recipientCRDNumber > 1033573 </ recipientCRDNumber >
  < associatedBDName > Wealth Strategies Advisory Group </ associatedBDName >
  < associatedBDCRDNumber > 308173 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 14354 North Frank Lloyd Wright Boulevard </ street1 >
  < street2 > Suite 11 </ street2 >
  < city > Scottsdale </ city >
  < stateOrCountry > AZ </ stateOrCountry >
  < stateOrCountryDescription > ARIZONA </ stateOrCountryDescription >
  < zipCode > 85260 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > AZ </ state >
  < description > ARIZONA </ description >
  < state > NC </ state >
  < description > NORTH CAROLINA </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
- < recipient >
  < recipientName > Jason Lowther </ recipientName >
  < recipientCRDNumber > 2606268 </ recipientCRDNumber >
  < associatedBDName > Western International Securities </ associatedBDName >
  < associatedBDCRDNumber > 39262 </ associatedBDCRDNumber >
- < recipientAddress >
  < street1 > 70 S Lake Ave </ street1 >
  < street2 > STE 700 </ street2 >
  < city > Pasadena </ city >
  < stateOrCountry > CA </ stateOrCountry >
  < stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >
  < zipCode > 91101 </ zipCode >
  </ recipientAddress >
- < statesOfSolicitationList >
  < state > CA </ state >
  < description > CALIFORNIA </ description >
  < state > NV </ state >
  < description > NEVADA </ description >
  </ statesOfSolicitationList >
  < foreignSolicitation > false </ foreignSolicitation >
  </ recipient >
  </ salesCompensationList >
- < offeringSalesAmounts >
  < totalOfferingAmount > 150000000 </ totalOfferingAmount >
  < totalAmountSold > 59467491 </ totalAmountSold >
  < totalRemaining > 90532509 </ totalRemaining >
  < clarificationOfResponse > The Offering terminated on December 31, 2020. </ clarificationOfResponse >
  </ offeringSalesAmounts >
- < investors >
  < hasNonAccreditedInvestors > false </ hasNonAccreditedInvestors >
  < totalNumberAlreadyInvested > 624 </ totalNumberAlreadyInvested >
  </ investors >
- < salesCommissionsFindersFees >
- < salesCommissions >
  < dollarAmount > 3781411 </ dollarAmount >
  </ salesCommissions >
- < findersFees >
  < dollarAmount > 0 </ dollarAmount >
  </ findersFees >
  < clarificationOfResponse > Of the sales commission, $502,595 are designated as marketing fees. </ clarificationOfResponse >
  </ salesCommissionsFindersFees >
- < useOfProceeds >
- < grossProceedsUsed >
  < dollarAmount > 55686079 </ dollarAmount >
  </ grossProceedsUsed >
  < clarificationOfResponse > Proceeds are paid to the managing general partner for use in the drilling, completion and operation of the Issuer's wells. </ clarificationOfResponse >
  </ useOfProceeds >
- < signatureBlock >
  < authorizedRepresentative > false </ authorizedRepresentative >
- < signature >
  < issuerName > MDS 2020 - Marcellus Shale Development, LP </ issuerName >
  < signatureName > Michael D. Snyder </ signatureName >
  < nameOfSigner > Michael D. Snyder </ nameOfSigner >
  < signatureTitle > CEO of Managing GP </ signatureTitle >
  < signatureDate > 2021-03-12 </ signatureDate >
  </ signature >
  </ signatureBlock >
  </ offeringData >
  </ edgarSubmission >
Edgar Posted: Mar. 12, 2021
EFD Posted: Mar. 12, 2021