The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
1 800 FLOWERS COM CL A 68243Q106 210 26,611 SH   DFND 1 0 26,611 0
AETNA INC NEW COM 00817Y108 674 6,000 SH   DFND 1 0 6,000 0
ALPS ETF TR ALERIAN MLP 00162Q866 290 26,602 SH   DFND 1 0 26,602 0
APOLLO INVT CORP COM 03761U106 293 52,771 SH   DFND 1 0 52,771 0
APOLLO SR FLOATING RATE FD I COM 037636107 736 48,393 SH   DFND 1 0 48,393 0
APOLLO TACTICAL INCOME FD IN COM 037638103 472 34,649 SH   DFND 1 0 34,649 0
APPLE INC COM 037833100 1,807 16,580 SH   DFND 1 0 16,580 0
ARES CAP CORP COM 04010L103 1,125 75,778 SH   DFND 1 0 75,778 0
ARES DYNAMIC CR ALLOCATION F COM 04014F102 214 15,960 SH   DFND 1 0 15,960 0
ATLANTIC ALLIANCE PARTNER CO SHS G04897107 4,848 464,828 SH   DFND 1 0 464,828 0
AUTOBYTEL INC COM NEW 05275N205 195 11,241 SH   DFND 1 0 11,241 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 427 2 SH   DFND 1 0 2 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 541 3,815 SH   DFND 1 0 3,815 0
BLACKSTONE GSO FLTING RTE FU COM 09256U105 153 10,000 SH   DFND 1 0 10,000 0
BP PLC SPONSORED ADR 055622104 255 8,441 SH   DFND 1 0 8,441 0
BROADWIND ENERGY INC COM NEW 11161T207 1,957 650,000 SH   DFND 1 0 650,000 0
BRT RLTY TR SH BEN INT NEW 055645303 44 49,089 SH   DFND 1 0 49,089 0
CHEROKEE INC DEL NEW COM 16444H102 208 11,717 SH   DFND 1 0 11,717 0
COHEN & STEERS LTD DUR PFD I COM 19248C105 670 29,197 SH   DFND 1 0 29,197 0
DIGITAL TURBINE INC COM NEW 25400W102 2,438 2,048,999 SH   DFND 1 0 2,048,999 0
DIGITAL TURBINE INC COM NEW 25400W102 833 699,850 SH   DFND   0 699,850 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 161 22,590 SH   DFND 1 0 22,590 0
FACEBOOK INC CL A 30303M102 299 2,623 SH   DFND 1 0 2,623 0
FINJAN HLDGS INC COM NEW 31788H303 11 11,600 SH   DFND   0 11,600 0
FIRST TR ENERGY INCOME & GRW COM 33738G104 225 9,661 SH   DFND 1 0 9,661 0
FUEL SYS SOLUTIONS INC COM 35952W103 2,638 477,033 SH   DFND 1 0 477,033 0
FUEL SYS SOLUTIONS INC COM 35952W103 744 134,511 SH   DFND   0 134,511 0
GOLDMAN SACHS MLP INCOME OPP FD COM SHS 38147W103 614 79,899 SH   DFND 1 0 79,899 0
IMAX CORP COM 45245E109 209 6,715 SH   DFND 1 0 6,715 0
INTERSIL CORP CL A 46069S109 214 15,977 SH   DFND 1 0 15,977 0
ISHARES TR EAFE MIN VOL ETF 46429B689 500 7,530 SH   DFND 1 0 7,530 0
ISHARES TR FLTG RATE BD ETF 46429B655 218 4,332 SH   DFND 1 0 4,332 0
ISHARES TR USA MIN VOL ETF 46429B697 850 19,352 SH   DFND 1 0 19,352 0
KRATOS DEFENSE & SEC SOLUTIONS COM NEW 50077B207 255 51,486 SH   DFND 1 0 51,486 0
LADENBURG THALMAN FIN SVCS INC COM 50575Q102 6 81,050 SH   DFND 1 0 81,050 0
LUMENTUM HLDGS INC COM 55024U109 224 8,296 SH   DFND 1 0 8,296 0
NAVISTAR INTL CORP NEW NOTE 4.500%10/1 63934EAQ1 38 63,000 PRN   DFND   0 63,000 0
NETSCOUT SYS INC COM 64115T104 244 10,627 SH   DFND 1 0 10,627 0
NIELSEN HLDGS PLC SHS EUR G6518L108 284 5,400 SH   DFND 1 0 5,400 0
NUTRI SYS INC NEW COM 67069D108 218 10,463 SH   DFND 1 0 10,463 0
NUVEEN BUILD AMER BD FD COM 67074C103 560 25,923 SH   DFND 1 0 25,923 0
OCLARO INC COM NEW 67555N206 232 42,903 SH   DFND 1 0 42,903 0
PEABODY ENERGY CORP SDCV 4.750%12/1 704549AG9 3 400,250 PRN   DFND   0 400,250 0
PENNANTPARK FLOATING RATE CAP LTD COM 70806A106 2,080 177,814 SH   DFND 1 0 177,814 0
PIMCO ETF TR ENHAN SHRT MA AC 72201R833 2,701 26,798 SH   DFND 1 0 26,798 0
PIMCO ETF TR LOW DURTN AC ETF 72201R718 506 5,073 SH   DFND 1 0 5,073 0
POWERSHARES ETF TR II PFD PORTFOLIO 73936T565 398 26,673 SH   DFND 1 0 26,673 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 847 7,758 SH   DFND 1 0 7,758 0
PRGX GLOBAL INC COM NEW 69357C503 5,361 1,135,900 SH   DFND 1 0 1,135,900 0
PRGX GLOBAL INC COM NEW 69357C503 2,168 459,231 SH   DFND   0 459,231 0
PROVIDENT FINL SVCS INC COM 74386T105 252 12,500 SH   DFND 1 0 12,500 0
RENEWABLE ENERGY GROUP INC MTNF 2.750% 6/1 75972AAA1 9 10,000 PRN   DFND   0 10,000 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 321 4,729 SH   DFND 1 0 4,729 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 272 3,440 SH   DFND 1 0 3,440 0
SKYWORKS SOLUTIONS INC COM 83088M102 227 2,917 SH   DFND 1 0 2,917 0
SOLAR CAP LTD COM 83413U100 278 16,109 SH   DFND 1 0 16,109 0
SOLAR SR CAP LTD COM 83416M105 4,053 277,992 SH   DFND 1 0 277,992 0
SOLAREDGE TECHNOLOGIES INC COM 83417M104 262 10,416 SH   DFND 1 0 10,416 0
SPDR DOW JONES INDL AVERAGE ETF UT SER 1 78467X109 670 3,795 SH   DFND 1 0 3,795 0
SPDR INDEX SHS FDS GLB NAT RESRCE 78463X541 751 21,468 SH   DFND 1 0 21,468 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,740 8,469 SH   DFND 1 0 8,469 0
SYSOREX GLOBAL COM NEW 87184N203 396 660,801 SH   DFND 1 0 660,801 0
SYSOREX GLOBAL COM NEW 87184N203 232 386,370 SH   DFND   0 386,370 0
TORTOISE MLP FD INC COM 89148B101 527 32,235 SH   DFND 1 0 32,235 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 2,376 27,331 SH   DFND 1 0 27,331 0
VANGUARD SCOTTSDALE FDS LG-TERM COR BD 92206C813 747 8,356 SH   DFND 1 0 8,356 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 3,198 39,961 SH   DFND 1 0 39,961 0
VISHAY PRECISION GROUP INC COM 92835K103 256 18,263 SH   DFND 1 0 18,263 0
WISDOMTREE TR GLB NAT RES FD 97717W711 277 23,604 SH   DFND 1 0 23,604 0
NAVISTAR INTL CORP NEW NOTE 4.750% 4/1 63934EAS7 44 74,000 PRN   DFND   0 74,000 0
ISHARES CNTRY MIN VL ETF 464286525 1,727 23,502 SH   DFND 1 0 23,502 0
ISHARES TR MSCI ACWI EX US 464288240 279 7,079 SH   DFND 1 0 7,079 0
ISHARES TR CORE US AGGBD ET 464287226 212 1,917 SH   DFND 1 0 1,917 0
BRUNSWICK CORP COM 117043109 223 4,656 SH   DFND 1 0 4,656 0
BROOKFIELD MTG OPP INC FD IN COM 112792106 292 19,971 SH   DFND 1 0 19,971 0
BROOKFIELD PPTY PARTNERS L P UNIT LTD PARTN G16249107 240 10,345 SH   DFND 1 0 10,345 0
BAZAARVOICE INC COM 073271108 198 63,006 SH   DFND 1 0 63,006 0
DISNEY WALT CO COM DISNEY 254687106 247 2,490 SH   DFND 1 0 2,490 0
DICKS SPORTING GOODS INC COM 253393102 202 4,331 SH   DFND 1 0 4,331 0
DOUBLELINE INCOME SOLUTIONS COM 258622109 1,641 97,599 SH   DFND 1 0 97,599 0
ISHARES TR SELECT DIVID ETF 464287168 1,139 13,945 SH   DFND 1 0 13,945 0
ISHARES TR MSCI EMG MKT ETF 464287234 575 16,783 SH   DFND 1 0 16,783 0
ISHARES TR MSCI EAFE ETF 464287465 1,544 27,018 SH   DFND 1 0 27,018 0
ISHARES TR JP MOR EM MK ETF 464288281 1,187 10,758 SH   DFND 1 0 10,758 0
ISHARES MSCI BRZ CAP ETF 464286400 222 8,449 SH   DFND 1 0 8,449 0
FTD COS INC COM 30281V108 227 8,643 SH   DFND 1 0 8,643 0
GARRISON CAP INC COM 366554103 800 74,555 SH   DFND 1 0 74,555 0
GENERAL ELECTRIC CO COM 369604103 207 6,508 SH   DFND 1 0 6,508 0
GROUPON INC COM CL A 399473107 56 14,000 SH   DFND 1 0 14,000 0
HC2 HLDGS INC COM 404139107 2,858 748,080 SH   DFND 1 0 748,080 0
HC2 HLDGS INC COM 404139107 207 54,086 SH   DFND   0 54,086 0
HEWLETT PACKARD ENTERPRISE C COM 42824C109 1,167 65,812 SH   DFND 1 0 65,812 0
HP INC COM 40434L105 2,184 177,261 SH   DFND 1 0 177,261 0
ISHARES TR NASDQ BIOTEC ETF 464287556 333 1,277 SH   DFND 1 0 1,277 0
INTERDIGITAL INC COM 45867G101 209 3,755 SH   DFND 1 0 3,755 0
ISHARES TR INTL SEL DIV ETF 464288448 1,676 57,815 SH   DFND 1 0 57,815 0
ISHARES TR CORE S&P MCP ETF 464287507 464 3,216 SH   DFND 1 0 3,216 0
ISHARES TR RUS 1000 VAL ETF 464287598 200 2,026 SH   DFND 1 0 2,026 0
ISHARES TR RUS 1000 GRW ETF 464287614 380 3,810 SH   DFND 1 0 3,810 0
ISHARES TR RUS MID-CAP ETF 464287499 2,329 14,296 SH   DFND 1 0 14,296 0
PENNEY J C INC COM 708160106 211 19,078 SH   DFND 1 0 19,078 0
NUVEEN MTG OPPORTUNITY TERM COM 670735109 219 9,733 SH   DFND 1 0 9,733 0
KEMET CORP COM NEW 488360207 2,744 1,421,800 SH   DFND 1 0 1,421,800 0
LINDBLAD EXPEDITIONS HLDGS I COM 535219109 190 19,100 SH   DFND 1 0 19,100 0
ISHARES TR IBOXX INV CP ETF 464287242 1,316 11,076 SH   DFND 1 0 11,076 0
MALIBU BOATS INC COM CL A 56117J100 228 13,879 SH   DFND 1 0 13,879 0
MCBC HLDGS INC COM 55276F107 220 15,660 SH   DFND 1 0 15,660 0
MICROSOFT CORP COM 594918104 2,022 36,611 SH   DFND 1 0 36,611 0
ISHARES TR NATIONAL MUN ETF 464288414 807 7,225 SH   DFND 1 0 7,225 0
MONSTER WORLDWIDE INC COM 611742107 833 255,457 SH   DFND 1 0 255,457 0
MONSTER WORLDWIDE INC COM 611742107 597 183,268 SH   DFND   0 183,268 0
ISHARES TR GLOBAL MATER ETF 464288695 232 4,891 SH   DFND 1 0 4,891 0
RIGHTSIDE GROUP LTD COM 76658B100 128 15,958 SH   DFND   0 15,958 0
NUVEEN AMT-FREE MUN INCOME F COM 670657105 178 12,500 SH   DFND 1 0 12,500 0
NEWTEK BUSINESS SVCS CORP COM NEW 652526203 172 13,766 SH   DFND 1 0 13,766 0
NATIONAL HOLDINGS CORP COM NEW 636375206 10 4,080 SH   DFND 1 0 4,080 0
NATIONAL HOLDINGS CORP COM NEW 636375206 1,228 513,950 SH   DFND   0 513,950 0
NUVEEN MUN VALUE FD INC COM 670928100 155 14,800 SH   DFND 1 0 14,800 0
NOVAVAX INC COM 670002104 54 10,500 SH   DFND 1 0 10,500 0
ISHARES TR NEW YORK MUN ETF 464288323 1,321 11,704 SH   DFND 1 0 11,704 0
ONE LIBERTY PPTYS INC COM 682406103 108 15,173 SH   DFND 1 0 15,173 0
ON SEMICONDUCTOR CORP COM 682189105 405 42,279 SH   DFND 1 0 42,279 0
PFIZER INC COM 717081103 210 7,096 SH   DFND 1 0 7,096 0
PENNANTPARK INVT CORP COM 708062104 1,845 304,479 SH   DFND 1 0 304,479 0
SCHLUMBERGER LTD COM 806857108 219 2,969 SH   DFND 1 0 2,969 0
PIMCO ETF TR SHTRM MUN BD ACT 72201R874 201 3,972 SH   DFND 1 0 3,972 0
SPLUNK INC COM 848637104 469 9,579 SH   DFND 1 0 9,579 0
TRANSACT TECHNOLOGIES INC COM 892918103 200 24,578 SH   DFND 1 0 24,578 0
TELENAV INC COM 879455103 4,204 712,574 SH   DFND 1 0 712,574 0
TELENAV INC COM 879455103 644 109,078 SH   DFND   0 109,078 0
UNITED ONLINE INC COM NEW 911268209 7,995 692,794 SH   DFND 1 0 692,794 0
UNITED ONLINE INC COM NEW 911268209 8,475 734,434 SH   DFND   0 734,434 0
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 263 6,104 SH   DFND 1 0 6,104 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 520 10,716 SH   DFND 1 0 10,716 0
VANGUARD SPECIALIZED PORTFOLIO DIV APP ETF 921908844 1,315 16,180 SH   DFND 1 0 16,180 0
VANGUARD INDEX FDS MID CAP ETF 922908629 2,619 21,607 SH   DFND 1 0 21,607 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 1,637 15,622 SH   DFND 1 0 15,622 0
VANGUARD MALVERN FDS STRM INFPROIDX 922020805 2,099 42,721 SH   DFND 1 0 42,721 0
VANGUARD INDEX FDS GROWTH ETF 922908736 266 2,502 SH   DFND 1 0 2,502 0
VANGUARD INDEX FDS LARGE CAP ETF 922908637 6,261 66,598 SH   DFND 1 0 66,598 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 1,445 41,800 SH   DFND 1 0 41,800 0
VANGUARD STAR FD VG TL INTL STK F 921909768 231 5,153 SH   DFND 1 0 5,153 0
WEB COM GROUP INC COM 94733A104 227 11,459 SH   DFND 1 0 11,459 0