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
AETNA INC NEW COM 00817Y108 693 6,000 SH   DFND 1 0 6,000 0
ALPS ETF TR ALERIAN MLP 00162Q866 297 23,434 SH   DFND 1 0 23,434 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 224 12,514 SH   DFND 1 0 12,514 0
0APOLLO INVT CORP COM 03761U106 280 48,322 SH   DFND 1 0 48,322 0
APOLLO SR FLOATING RATE FD I COM 037636107 845 49,893 SH   DFND 1 0 49,893 0
APOLLO TACTICAL INCOME FD IN COM 037638103 536 34,649 SH   DFND 1 0 34,649 0
APPLE INC COM 037833100 1,173 10,373 SH   DFND 1 0 10,373 0
ARES CAP CORP COM 04010L103 1,190 76,778 SH   DFND 1 0 76,778 0
ARES DYNAMIC CR ALLOCATION F COM 04014F102 237 15,960 SH   DFND 1 0 15,960 0
ATLANTIC ALLIANCE PARTNER CO SHS G04897107 4,881 464,828 SH   DFND 1 0 464,828 0
AUTOBYTEL INC COM NEW 05275N205 261 14,668 SH   DFND 1 0 14,668 0
BAZAARVOICE INC COM 073271108 299 50,625 SH   DFND 1 0 50,625 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 216 1 SH   DFND 1 0 1 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 516 3,571 SH   DFND 1 0 3,571 0
BLACKROCK CAPITAL INVESTMENT COM 092533108 384 46,412 SH   DFND 1 0 46,412 0
BLACKSTONE GSO FLTING RTE FU COM 09256U105 169 10,000 SH   DFND 1 0 10,000 0
BOULEVARD ACQUISITION CL A 10157Q102 206 21,021 SH   DFND 1 0 21,021 0
BROADWIND ENERGY INC COM NEW 11161T207 2,712 616,431 SH   DFND 1 0 616,431 0
BROOKFIELD MTG OPP INC FD IN COM 112792106 297 19,805 SH   DFND 1 0 19,805 0
BROOKFIELD PPTY PARTNERS L P UNIT LTD PARTN G16249107 237 10,345 SH   DFND 1 0 10,345 0
BRT RLTY TR SH BEN INT NEW 055645303 51 49,089 SH   DFND 1 0 49,089 0
CALAMP CORP COM 128126109 211 15,153 SH   DFND 1 0 15,153 0
CAPITOL ACQUISITION CORP III COM 14055M106 188 19,200 SH   DFND 1 0 19,200 0
CF CORP SHS CL A G20307107 498 50,820 SH   DFND 1 0 50,820 0
COHEN & STEERS LTD DUR PFD I COM 19248C105 666 26,508 SH   DFND 1 0 26,508 0
COMSTOCK RES INC NOTE 7.750% 4/0 205768AM6 214 310,000 PRN   DFND   0 310,000 0
COMSTOCK RES INC NOTE 9.500% 6/1 205768AN4 73 100,000 PRN   DFND   0 100,000 0
DICKS SPORTING GOODS INC COM 253393102 237 4,186 SH   DFND 1 0 4,186 0
DIGITAL TURBINE INC COM NEW 25400W102 1,552 1,477,951 SH   DFND 1 0 1,477,951 0
DIGITAL TURBINE INC COM NEW 25400W102 516 491,589 SH   DFND   0 491,589 0
DISNEY WALT CO COM DISNEY 254687106 264 2,845 SH   DFND 1 0 2,845 0
DOUBLELINE INCOME SOLUTIONS COM 258622109 1,657 86,521 SH   DFND 1 0 86,521 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 295 17,590 SH   DFND 1 0 17,590 0
FACEBOOK INC CL A 30303M102 401 3,123 SH   DFND 1 0 3,123 0
FINISAR CORP COM NEW 31787A507 229 7,691 SH   DFND 1 0 7,691 0
FINJAN HLDGS INC COM NEW 31788H303 92 53,800 SH   DFND   0 53,800 0
FIRST TR ENERGY INCOME & GRW COM 33738G104 259 9,561 SH   DFND 1 0 9,561 0
GARRISON CAP INC COM 366554103 741 73,155 SH   DFND 1 0 73,155 0
GOLDMAN SACHS MLP INC OPP FD COM SHS 38147W103 759 79,899 SH   DFND 1 0 79,899 0
HC2 HLDGS INC COM 404139107 3,027 555,496 SH   DFND 1 0 555,496 0
HC2 HLDGS INC COM 404139107 48 8,863 SH   DFND   0 8,863 0
HEWLETT PACKARD ENTERPRISE C COM 42824C109 1,497 65,812 SH   DFND 1 0 65,812 0
HORNBECK OFFSHORE SVCS INC N NOTE 1.500% 9/0 440543AN6 213 374,000 PRN   DFND   0 374,000 0
HP INC COM 40434L105 2,287 147,261 SH   DFND 1 0 147,261 0
INTRALINKS HLDGS INC COM 46118H104 251 24,979 SH   DFND 1 0 24,979 0
ISHARES MSCI BRZ CAP ETF 464286400 285 8,449 SH   DFND 1 0 8,449 0
ISHARES MIN VOL GBL ETF 464286525 1,791 23,502 SH   DFND 1 0 23,502 0
ISHARES TR SELECT DIVID ETF 464287168 1,109 12,945 SH   DFND 1 0 12,945 0
ISHARES TR CORE US AGGBD ET 464287226 216 1,917 SH   DFND 1 0 1,917 0
ISHARES TR MSCI EMG MKT ETF 464287234 619 16,524 SH   DFND 1 0 16,524 0
ISHARES TR IBOXX INV CP ETF 464287242 1,376 11,170 SH   DFND 1 0 11,170 0
ISHARES TR LATN AMER 40 ETF 464287390 216 7,721 SH   DFND 1 0 7,721 0
ISHARES TR MSCI EAFE ETF 464287465 1,495 25,282 SH   DFND 1 0 25,282 0
ISHARES TR RUS MID-CAP ETF 464287499 2,625 15,058 SH   DFND 1 0 15,058 0
ISHARES TR CORE S&P MCP ETF 464287507 498 3,216 SH   DFND 1 0 3,216 0
ISHARES TR NASDQ BIOTEC ETF 464287556 420 1,452 SH   DFND 1 0 1,452 0
ISHARES TR RUS 1000 GRW ETF 464287614 280 2,687 SH   DFND 1 0 2,687 0
ISHARES TR RUS 2000 GRW ETF 464287648 211 1,419 SH   DFND 1 0 1,419 0
ISHARES TR MSCI ACWI EX US 464288240 554 13,358 SH   DFND 1 0 13,358 0
ISHARES TR JP MOR EM MK ETF 464288281 1,233 10,516 SH   DFND 1 0 10,516 0
ISHARES TR NEW YORK MUN ETF 464288323 1,385 12,144 SH   DFND 1 0 12,144 0
ISHARES TR NATIONAL MUN ETF 464288414 792 7,020 SH   DFND 1 0 7,020 0
ISHARES TR INTL SEL DIV ETF 464288448 1,706 56,913 SH   DFND 1 0 56,913 0
ISHARES TR GLOBAL MATER ETF 464288695 262 4,891 SH   DFND 1 0 4,891 0
ISHARES TR FLTG RATE BD ETF 46429B655 244 4,806 SH   DFND 1 0 4,806 0
ISHARES TR MIN VOL EAFE ETF 46429B689 509 7,530 SH   DFND 1 0 7,530 0
ISHARES TR MIN VOL USA ETF 46429B697 895 19,698 SH   DFND 1 0 19,698 0
ISHARES TR RUSSELL 2000 ETF 464287655 21,215 170,800 SH Put DFND 1 0 170,800 0
KEMET CORP COM NEW 488360207 57 16,028 SH   DFND   0 16,028 0
KEMET CORP COM NEW 488360207 6,524 1,827,465 SH   DFND 1 0 1,827,465 0
KRATOS DEFENSE & SEC SOLUTIONS COM NEW 50077B207 260 37,691 SH   DFND 1 0 37,691 0
LADENBURG THALMAN FIN SVCS I COM 50575Q102 6 81,050 SH   DFND 1 0 81,050 0
LINDBLAD EXPEDITIONS HLDGS I COM 535219109 172 19,100 SH   DFND 1 0 19,100 0
LUMENTUM HLDGS INC COM 55024U109 301 7,212 SH   DFND 1 0 7,212 0
M I ACQUISITIONS INC UNIT 99/99/9999 55304A203 215 21,500 SH   DFND 1 0 21,500 0
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 237 17,883 SH   DFND 1 0 17,883 0
MATTEL INC COM 577081102 222 7,340 SH   DFND 1 0 7,340 0
METHODE ELECTRS INC COM 591520200 234 6,688 SH   DFND 1 0 6,688 0
MICROSOFT CORP COM 594918104 2,109 36,611 SH   DFND 1 0 36,611 0
MONSTER WORLDWIDE INC COM 611742107 361 100,000 SH Call DFND 1 0 100,000 0
MORGAN STANLEY COM NEW 617446448 802 25,000 SH Put DFND 1 0 25,000 0
NAVISTAR INTL CORP NEW NOTE 4.500%10/1 63934EAQ1 93 98,000 PRN   DFND   0 98,000 0
NETLIST INC COM 64118P109 874 705,000 SH   DFND 1 0 705,000 0
NETLIST INC COM 64118P109 32 26,000 SH   DFND   0 26,000 0
NETSCOUT SYS INC COM 64115T104 239 8,156 SH   DFND 1 0 8,156 0
NEWTEK BUSINESS SVCS CORP COM NEW 652526203 196 13,766 SH   DFND 1 0 13,766 0
NIELSEN HLDGS PLC SHS EUR G6518L108 289 5,400 SH   DFND 1 0 5,400 0
NOVAVAX INC COM 670002104 22 10,500 SH   DFND 1 0 10,500 0
NUTRI SYS INC NEW COM 67069D108 232 7,801 SH   DFND 1 0 7,801 0
NUVEEN AMT FREE QLTY MUN INC COM 670657105 183 12,500 SH   DFND 1 0 12,500 0
NUVEEN BUILD AMER BD FD COM 67074C103 588 25,923 SH   DFND 1 0 25,923 0
NUVEEN MTG OPPORTUNITY TERM COM 670735109 235 9,733 SH   DFND 1 0 9,733 0
NUVEEN MUN VALUE FD INC COM 670928100 157 14,800 SH   DFND 1 0 14,800 0
ON SEMICONDUCTOR CORP COM 682189105 481 39,048 SH   DFND 1 0 39,048 0
ONE LIBERTY PPTYS INC COM 682406103 117 15,173 SH   DFND 1 0 15,173 0
PDL BIOPHARMA INC NOTE 4.000% 2/0 69329YAF1 49 50,000 PRN   DFND   0 50,000 0
PENNANTPARK FLOATING RATE CAP LTD COM 70806A106 2,372 179,320 SH   DFND 1 0 179,320 0
PENNANTPARK INVT CORP COM 708062104 2,393 318,282 SH   DFND 1 0 318,282 0
PENNEY J C INC COM 708160106 224 24,307 SH   DFND 1 0 24,307 0
PFIZER INC COM 717081103 240 7,096 SH   DFND 1 0 7,096 0
PIMCO ETF TR ENHAN SHRT MA AC 72201R833 5,012 49,421 SH   DFND 1 0 49,421 0
PIMCO ETF TR SHTRM MUN BD ACT 72201R874 200 3,972 SH   DFND 1 0 3,972 0
PIMCO ETF TR LOW DURTN AC ETF 72201R718 688 6,813 SH   DFND 1 0 6,813 0
POWERSHARES ETF TR II PFD PORTFOLIO 73936T565 359 23,701 SH   DFND 1 0 23,701 0
POWERSHARES ETF TRUST DYN BIOT & GEN 73935X856 230 5,474 SH   DFND 1 0 5,474 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 1,147 9,665 SH   DFND 1 0 9,665 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 11,872 100,000 SH Put DFND 1 0 100,000 0
PRESTIGE BRANDS HLDGS INC COM 74112D101 219 4,545 SH   DFND 1 0 4,545 0
PRGX GLOBAL INC COM NEW 69357C503 17 3,607 SH   DFND   0 3,607 0
PRGX GLOBAL INC COM NEW 69357C503 487 103,500 SH   DFND 1 0 103,500 0
PROVIDENT FINL SVCS INC COM 74386T105 265 12,500 SH   DFND 1 0 12,500 0
READING INTERNATIONAL INC CL A 755408101 233 17,416 SH   DFND 1 0 17,416 0
REALNETWORKS INC COM NEW 75605L708 237 53,061 SH   DFND 1 0 53,061 0
SCHLUMBERGER LTD COM 806857108 233 2,969 SH   DFND 1 0 2,969 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 341 4,729 SH   DFND 1 0 4,729 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 275 3,440 SH   DFND 1 0 3,440 0
SKYWORKS SOLUTIONS INC COM 83088M102 243 3,195 SH   DFND 1 0 3,195 0
SOLAR CAP LTD COM 83413U100 331 16,109 SH   DFND 1 0 16,109 0
SOLAR SR CAP LTD COM 83416M105 4,576 282,323 SH   DFND 1 0 282,323 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 678 3,711 SH   DFND 1 0 3,711 0
SPDR INDEX SHS FDS GLB NAT RESRCE 78463X541 840 21,468 SH   DFND 1 0 21,468 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,871 8,651 SH   DFND 1 0 8,651 0
SPLUNK INC COM 848637104 562 9,579 SH   DFND 1 0 9,579 0
STONERIDGE INC COM 86183P102 239 12,982 SH   DFND 1 0 12,982 0
SYSOREX GLOBAL COM NEW 87184N203 237 660,801 SH   DFND 1 0 660,801 0
SYSOREX GLOBAL COM NEW 87184N203 128 357,612 SH   DFND   0 357,612 0
TELENAV INC COM 879455103 3,136 547,297 SH   DFND 1 0 547,297 0
THL CR INC COM 872438106 288 30,200 SH   DFND 1 0 30,200 0
TIVO CORP COM 88870P106 228 11,720 SH   DFND 1 0 11,720 0
TORTOISE MLP FD INC COM 89148B101 646 32,319 SH   DFND 1 0 32,319 0
TRANSACT TECHNOLOGIES INC COM 892918103 235 31,725 SH   DFND 1 0 31,725 0
URBAN EDGE PPTYS COM 91704F104 428 15,215 SH   DFND 1 0 15,215 0
VANECK VECTORS ETF TR PRE REFUNDED MUN 92189F510 225 9,135 SH   DFND 1 0 9,135 0
VANGUARD INDEX FDS MID CAP ETF 922908629 3,008 23,235 SH   DFND 1 0 23,235 0
VANGUARD INDEX FDS LARGE CAP ETF 922908637 6,730 67,865 SH   DFND 1 0 67,865 0
VANGUARD INDEX FDS GROWTH ETF 922908736 281 2,502 SH   DFND 1 0 2,502 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 1,712 15,375 SH   DFND 1 0 15,375 0
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 277 6,104 SH   DFND 1 0 6,104 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 1,557 41,376 SH   DFND 1 0 41,376 0
VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF 922042866 201 3,326 SH   DFND 1 0 3,326 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 522 10,716 SH   DFND 1 0 10,716 0
VANGUARD MALVERN FDS STRM INFPROIDX 922020805 2,580 51,955 SH   DFND 1 0 51,955 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 3,433 42,623 SH   DFND 1 0 42,623 0
VANGUARD SCOTTSDALE FDS LG-TERM COR BD 92206C813 810 8,464 SH   DFND 1 0 8,464 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 2,389 26,664 SH   DFND 1 0 26,664 0
VANGUARD SPECIALIZED PORTFOLIO DIV APP ETF 921908844 1,350 16,080 SH   DFND 1 0 16,080 0
VANGUARD STAR FD VG TL INTL STK F 921909768 243 5,153 SH   DFND 1 0 5,153 0
VIAD CORP COM NEW 92552R406 254 6,876 SH   DFND 1 0 6,876 0
VIASAT INC COM 92552V100 229 3,069 SH   DFND 1 0 3,069 0
VIOLIN MEMORY INC NOTE 4.250%10/0 92763AAB7 29 100,000 PRN   DFND   0 100,000 0
WEB COM GROUP INC COM 94733A104 223 12,912 SH   DFND 1 0 12,912 0
WEB COM GROUP INC COM 94733A104 1 83 SH   DFND   0 83 0
WESTPORT FUEL SYSTEMS INC COM NEW 960908309 1,369 850,000 SH   DFND 1 0 850,000 0