Emerson Equity LLC

Selling broker-dealer on both the 4th & J and Vintage Form Ds. CRD 130032. California LLC formed 10 Oct 2003, dual-registered BD/RIA, San Mateo (155 Bovet Road, Suite 725). Clearing through Pershing.

Ownership

Dominic Baldini is the only disclosed 5%+ owner — Form BD and the 8 Apr 2026 ADV Schedule A both code him E (75% or more), managing member / president / CCO / FINOP since Dec 2003. Brian Nelson is a registered VP/rep since 2013, not an owner. Tim Sherer and Ryan Sherer are on both Form D selling groups.

The remaining up-to-25% is not a named 5%+ person. Current Schedule A / Form BD list only two other names, both officers under 5% and not control persons: Kathleen Frances Morrissey (COO, CRD 1771747, Aug 2016) and Sean Kristian Snyder (CSO, CRD 1860842, Apr 2017). Indirect owners: none reported.

SharesPost

In 2011 SharesPost, Inc. had a Broker-Dealer Independent Affiliate agreement with Emerson. Emerson reps did private-placement work as Emerson independent contractors. Termination 22 Dec 2011, effective 1 Jan 2012. $3,118,671 of commissions payable moved onto SharesPost Financial. Those reps became SharesPost employees 1 Jan 2012. Dominic Baldini signed SharesPost’s 2014 X-17A-5 while remaining Emerson managing member / CCO / FINOP (registered at SharesPost 16 Jun 2011–4 Jan 2016). Related-party note on that filing: 2014 private-share trades where the purchaser was represented by a BD affiliated with SharesPost’s CCO/FinOp. The 17a-5 does not name the buyer’s BD.

Vintage

The Vintage PPM (11 Jan 2022) names Emerson the exclusive managing broker-dealer. Load 9.34% of gross ($7,045,000 of a $75,408,161 Maximum Offering Amount): 6% selling commissions, 0.75% dealer-management, 1% broker-dealer allowance, 1.25% wholesaling, 0.34% O&O. Commissions “will either be paid to affiliates of Emerson, including employees and contractors of the Sponsor, or reallowed” to selling-group members. Offering-size fight lives on Vintage.

Oceanic Partners (CRD 174179, Sausalito) is a related shop, not a disclosed 5%+ owner. Third-party ADV scrapers still show it as a 10–25% slice; that is stale relative to the April 2026 filing. The live link is registration: Timothy Evan Sullivan (CRD 4505978) and Jaclyn Strife Sullivan (CRD 5334639) are current Emerson reps at Oceanic’s 3030 Bridgeway branch. Ownership, ERA funds, and U4 hours live on Oceanic. Emerson’s brochure still calls Sullivan “President” and still mentions “partial ownership by Oceanic Partners.” Neither RR is named in the pending DST arbitrations.

Orders

SEC File 3-22507 (11 Aug 2025): willful Reg BI Care and Compliance violations recommending GWG L-Bonds to 10 retail customers, 30 Jun 2020–12 Apr 2021. Censure, $100,000 penalty, $4,035 disgorgement, cease-and-desist. Not these DSTs — it is a Reg BI finding against the same BD.

FINRA AWC 2020066078202 (Dec 2021): mutual-fund Class A/B short-term trading supervision. Censure, $60,000 fine, $1.64 million restitution.