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 744 6,000 SH   DFND 1 0 6,000 0
ALPS ETF TR ALERIAN MLP 00162Q866 198 15,688 SH   DFND 1 0 15,688 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 236 15,529 SH   DFND 1 0 15,529 0
APOLLO INVT CORP COM 03761U106 283 48,322 SH   DFND 1 0 48,322 0
APOLLO SR FLOATING RATE FD I COM 037636107 868 49,893 SH   DFND 1 0 49,893 0
APOLLO TACTICAL INCOME FD IN COM 037638103 537 34,767 SH   DFND 1 0 34,767 0
APPLE INC COM 037833100 1,186 10,239 SH   DFND 1 0 10,239 0
ARES CAP CORP COM 04010L103 1,285 77,899 SH   DFND 1 0 77,899 0
ARES DYNAMIC CR ALLOCATION F COM 04014F102 236 15,661 SH   DFND 1 0 15,661 0
ATLANTIC ALLIANCE PARTNER CO SHS G04897107 1,157 125,115 SH   DFND 1 0 125,115 0
AVISTA HEALTHCARE PUB ACQ CO *W EXP 99/99/999 G0726L117 45 100,000 SH   DFND 1 0 100,000 0
AVISTA HEALTHCARE PUB ACQ CO CL A G0726L125 985 100,000 SH   DFND 1 0 100,000 0
BAZAARVOICE INC COM 073271108 267 55,030 SH   DFND 1 0 55,030 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 244 1 SH   DFND 1 0 1 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 546 3,350 SH   DFND 1 0 3,350 0
BLACKROCK CAPITAL INVESTMENT COM 092533108 323 46,412 SH   DFND 1 0 46,412 0
BLACKSTONE GSO FLTING RTE FU COM 09256U105 181 10,000 SH   DFND 1 0 10,000 0
BOULEVARD ACQUISITION CL A 10157Q102 2,488 251,548 SH   DFND 1 0 251,548 0
BROADWIND ENERGY INC COM NEW 11161T207 2,713 670,657 SH   DFND 1 0 670,657 0
BROOKFIELD PPTY PARTNERS L P UNIT LTD PARTN G16249107 227 10,345 SH   DFND 1 0 10,345 0
BROOKFIELD REAL ASSETS INCOM SHS BEN INT 112830104 272 12,206 SH   DFND 1 0 12,206 0
BRT RLTY TR SH BEN INT NEW 055645303 52 49,089 SH   DFND 1 0 49,089 0
CADIZ INC COM NEW 127537207 250 20,000 SH   DFND   0 20,000 0
CADIZ INC COM NEW 127537207 2,727 218,135 SH   DFND 1 0 218,135 0
CALAMP CORP COM 128126109 243 16,766 SH   DFND 1 0 16,766 0
CAPITOL ACQUISITION CORP III COM 14055M106 378 37,950 SH   DFND 1 0 37,950 0
CF CORP SHS CL A G20307107 2,125 214,168 SH   DFND 1 0 214,168 0
COHEN & STEERS LTD DUR PFD I COM 19248C105 641 26,133 SH   DFND 1 0 26,133 0
COMSTOCK RES INC NOTE 7.750% 4/0 205768AM6 23 27,000 PRN   DFND   0 27,000 0
DICKS SPORTING GOODS INC COM 253393102 242 4,561 SH   DFND 1 0 4,561 0
DIGITAL TURBINE INC COM NEW 25400W102 334 490,739 SH   DFND   0 490,739 0
DIGITAL TURBINE INC COM NEW 25400W102 1,170 1,720,036 SH   DFND 1 0 1,720,036 0
DISNEY WALT CO COM DISNEY 254687106 291 2,790 SH   DFND 1 0 2,790 0
DOUBLELINE INCOME SOLUTIONS COM 258622109 1,658 87,321 SH   DFND 1 0 87,321 0
EARTHLINK HLDGS CORP COM 27033X101 4,120 730,565 SH   DFND 1 0 730,565 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 243 12,590 SH   DFND 1 0 12,590 0
FACEBOOK INC CL A 30303M102 344 2,994 SH   DFND 1 0 2,994 0
FERROGLOBE PLC SHS G33856108 247 22,833 SH   DFND 1 0 22,833 0
FINISAR CORP COM NEW 31787A507 238 7,871 SH   DFND 1 0 7,871 0
FLEX LTD ORD Y2573F102 262 18,231 SH   DFND 1 0 18,231 0
GARRISON CAP INC COM 366554103 702 75,055 SH   DFND 1 0 75,055 0
GOLDMAN SACHS MLP INC OPP FD COM SHS 38147W103 752 77,344 SH   DFND 1 0 77,344 0
GTY TECHNOLOGY HOLDINGS INC *W EXP 99/99/999 G4182A128 42 83,333 SH   DFND 1 0 83,333 0
GTY TECHNOLOGY HOLDINGS INC CL A G4182A102 2,687 249,999 SH   DFND 1 0 249,999 0
HC2 HLDGS INC COM 404139107 53 8,863 SH   DFND   0 8,863 0
HC2 HLDGS INC COM 404139107 2,962 499,524 SH   DFND 1 0 499,524 0
HEWLETT PACKARD ENTERPRISE C COM 42824C109 1,291 55,812 SH   DFND 1 0 55,812 0
HP INC COM 40434L105 2,145 144,548 SH   DFND 1 0 144,548 0
IMAX CORP COM 45245E109 257 8,200 SH   DFND 1 0 8,200 0
INTRALINKS HLDGS INC COM 46118H104 294 21,765 SH   DFND 1 0 21,765 0
ISHARES MSCI BRZ CAP ETF 464286400 271 8,130 SH   DFND 1 0 8,130 0
ISHARES MIN VOL GBL ETF 464286525 1,247 17,176 SH   DFND 1 0 17,176 0
ISHARES TR RUS 2000 GRW ETF 464287648 252 1,637 SH   DFND 1 0 1,637 0
ISHARES TR NASDQ BIOTEC ETF 464287556 504 1,901 SH   DFND 1 0 1,901 0
ISHARES TR RUS 1000 GRW ETF 464287614 215 2,053 SH   DFND 1 0 2,053 0
ISHARES TR CORE S&P MCP ETF 464287507 532 3,216 SH   DFND 1 0 3,216 0
ISHARES TR 1-3 YR CR BD ETF 464288646 375 3,578 SH   DFND 1 0 3,578 0
ISHARES TR GLOBAL MATER ETF 464288695 299 5,448 SH   DFND 1 0 5,448 0
ISHARES TR NATIONAL MUN ETF 464288414 820 7,580 SH   DFND 1 0 7,580 0
ISHARES TR MSCI EMG MKT ETF 464287234 308 8,786 SH   DFND 1 0 8,786 0
ISHARES TR MIN VOL EAFE ETF 46429B689 540 8,819 SH   DFND 1 0 8,819 0
ISHARES TR JP MOR EM MK ETF 464288281 1,078 9,779 SH   DFND 1 0 9,779 0
ISHARES TR CORE MSCI EAFE 46432F842 551 10,275 SH   DFND 1 0 10,275 0
ISHARES TR IBOXX INV CP ETF 464287242 1,243 10,604 SH   DFND 1 0 10,604 0
ISHARES TR SELECT DIVID ETF 464287168 1,092 12,325 SH   DFND 1 0 12,325 0
ISHARES TR NEW YORK MUN ETF 464288323 1,397 12,828 SH   DFND 1 0 12,828 0
ISHARES TR MSCI ACWI EX US 464288240 568 14,108 SH   DFND 1 0 14,108 0
ISHARES TR RUS MID-CAP ETF 464287499 2,777 15,527 SH   DFND 1 0 15,527 0
ISHARES TR MIN VOL USA ETF 46429B697 962 21,269 SH   DFND 1 0 21,269 0
ISHARES TR MSCI EAFE ETF 464287465 1,239 21,458 SH   DFND 1 0 21,458 0
ISHARES TR FLTG RATE BD ETF 46429B655 2,489 49,058 SH   DFND 1 0 49,058 0
ISHARES TR INTL SEL DIV ETF 464288448 1,562 52,840 SH   DFND 1 0 52,840 0
KEMET CORP COM NEW 488360207 106 16,028 SH   DFND   0 16,028 0
KEMET CORP COM NEW 488360207 10,108 1,524,555 SH   DFND 1 0 1,524,555 0
KRATOS DEFENSE & SEC SOLUTIONS COM NEW 50077B207 267 36,095 SH   DFND 1 0 36,095 0
LADENBURG THALMAN FIN SVCS I COM 50575Q102 6 81,050 SH   DFND 1 0 81,050 0
LINDBLAD EXPEDITIONS HLDGS I COM 535219109 180 19,100 SH   DFND 1 0 19,100 0
LUMENTUM HLDGS INC COM 55024U109 260 6,738 SH   DFND 1 0 6,738 0
M I ACQUISITIONS INC COM 55304A104 215 21,500 SH   DFND 1 0 21,500 0
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 271 19,513 SH   DFND 1 0 19,513 0
MATTEL INC COM 577081102 249 9,036 SH   DFND 1 0 9,036 0
MAXWELL TECHNOLOGIES INC COM 577767106 116 22,705 SH   DFND   0 22,705 0
MCBC HLDGS INC COM 55276F107 151 10,345 SH   DFND   0 10,345 0
MCBC HLDGS INC COM 55276F107 272 18,635 SH   DFND 1 0 18,635 0
MICROSOFT CORP COM 594918104 2,275 36,611 SH   DFND 1 0 36,611 0
MORGAN STANLEY COM NEW 617446448 465 11,000 SH   DFND 1 0 11,000 0
MORGAN STANLEY COM NEW 617446448 1,056 25,000 SH Put DFND 1 0 25,000 0
MOTORCAR PTS AMER INC COM 620071100 267 9,933 SH   DFND 1 0 9,933 0
NETLIST INC COM 64118P109 404 396,455 SH   DFND   0 396,455 0
NETLIST INC COM 64118P109 897 879,000 SH   DFND 1 0 879,000 0
NETSCOUT SYS INC COM 64115T104 245 7,774 SH   DFND 1 0 7,774 0
NEW MTN FIN CORP COM 647551100 423 30,000 SH   DFND 1 0 30,000 0
NIELSEN HLDGS PLC SHS EUR G6518L108 206 4,900 SH   DFND 1 0 4,900 0
NUTRI SYS INC NEW COM 67069D108 243 7,015 SH   DFND 1 0 7,015 0
NUVEEN AMT FREE QLTY MUN INC COM 670657105 167 12,500 SH   DFND 1 0 12,500 0
NUVEEN BUILD AMER BD FD COM 67074C103 529 25,623 SH   DFND 1 0 25,623 0
NUVEEN MTG OPPORTUNITY TERM COM 670735109 232 9,633 SH   DFND 1 0 9,633 0
NUVEEN MUN VALUE FD INC COM 670928100 141 14,800 SH   DFND 1 0 14,800 0
ON SEMICONDUCTOR CORP COM 682189105 451 35,373 SH   DFND 1 0 35,373 0
ONE LIBERTY PPTYS INC COM 682406103 121 15,173 SH   DFND 1 0 15,173 0
PACE HLDGS CORP CL A G6865N103 109 10,783 SH   DFND 1 0 10,783 0
PDL BIOPHARMA INC NOTE 4.000% 2/0 69329YAF1 72 74,000 PRN   DFND   0 74,000 0
PENNANTPARK FLOATING RATE CA COM 70806A106 2,539 179,970 SH   DFND 1 0 179,970 0
PENNANTPARK INVT CORP COM 708062104 2,705 353,155 SH   DFND 1 0 353,155 0
PFIZER INC COM 717081103 227 6,986 SH   DFND 1 0 6,986 0
PFSWEB INC COM NEW 717098206 269 31,604 SH   DFND 1 0 31,604 0
PIMCO ETF TR ENHAN SHRT MA AC 72201R833 6,172 60,911 SH   DFND 1 0 60,911 0
PIMCO ETF TR LOW DURTN AC ETF 72201R718 1,021 10,177 SH   DFND 1 0 10,177 0
PLATFORM SPECIALTY PRODS COR COM 72766Q105 589 60,000 SH   DFND 1 0 60,000 0
POWERSHARES ETF TR II PFD PORTFOLIO 73936T565 445 31,244 SH   DFND 1 0 31,244 0
POWERSHARES ETF TRUST DYN BIOT & GEN 73935X856 237 6,102 SH   DFND 1 0 6,102 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 9,478 80,000 SH Put DFND 1 0 80,000 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 901 7,603 SH   DFND 1 0 7,603 0
PRESTIGE BRANDS HLDGS INC COM 74112D101 269 5,160 SH   DFND 1 0 5,160 0
PROVIDENT FINL SVCS INC COM 74386T105 354 12,500 SH   DFND 1 0 12,500 0
READING INTERNATIONAL INC CL A 755408101 285 17,156 SH   DFND 1 0 17,156 0
SCHLUMBERGER LTD COM 806857108 249 2,969 SH   DFND 1 0 2,969 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 280 3,440 SH   DFND 1 0 3,440 0
SKYWORKS SOLUTIONS INC COM 83088M102 239 3,196 SH   DFND 1 0 3,196 0
SOLAR CAP LTD COM 83413U100 335 16,109 SH   DFND 1 0 16,109 0
SOLAR SR CAP LTD COM 83416M105 4,681 284,706 SH   DFND 1 0 284,706 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 708 3,586 SH   DFND 1 0 3,586 0
SPDR INDEX SHS FDS GLB NAT RESRCE 78463X541 870 21,161 SH   DFND 1 0 21,161 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,604 7,175 SH   DFND 1 0 7,175 0
SPLUNK INC COM 848637104 490 9,579 SH   DFND 1 0 9,579 0
SYSOREX GLOBAL COM NEW 87184N203 194 796,707 SH   DFND   0 796,707 0
TELENAV INC COM 879455103 2,582 366,187 SH   DFND 1 0 366,187 0
THL CR INC COM 872438106 302 30,200 SH   DFND 1 0 30,200 0
TIVO CORP COM 88870P106 265 12,700 SH   DFND 1 0 12,700 0
TORTOISE MLP FD INC COM 89148B101 881 46,160 SH   DFND 1 0 46,160 0
TRANSACT TECHNOLOGIES INC COM 892918103 269 40,831 SH   DFND 1 0 40,831 0
TRUECAR INC COM 89785L107 255 20,408 SH   DFND 1 0 20,408 0
URBAN EDGE PPTYS COM 91704F104 419 15,215 SH   DFND 1 0 15,215 0
VANGUARD INDEX FDS GROWTH ETF 922908736 287 2,578 SH   DFND 1 0 2,578 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 1,798 15,592 SH   DFND 1 0 15,592 0
VANGUARD INDEX FDS MID CAP ETF 922908629 3,173 24,109 SH   DFND 1 0 24,109 0
VANGUARD INDEX FDS LARGE CAP ETF 922908637 7,398 72,269 SH   DFND 1 0 72,269 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 272 5,667 SH   DFND 1 0 5,667 0
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 300 6,784 SH   DFND 1 0 6,784 0
VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF 922042866 480 8,251 SH   DFND 1 0 8,251 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 1,805 50,439 SH   DFND 1 0 50,439 0
VANGUARD MALVERN FDS STRM INFPROIDX 922020805 2,639 53,690 SH   DFND 1 0 53,690 0
VANGUARD SCOTTSDALE FDS LG-TERM COR BD 92206C813 656 7,347 SH   DFND 1 0 7,347 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 2,596 30,290 SH   DFND 1 0 30,290 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 3,305 41,645 SH   DFND 1 0 41,645 0
VANGUARD SPECIALIZED PORTFOLIO DIV APP ETF 921908844 1,347 15,814 SH   DFND 1 0 15,814 0
VANGUARD STAR FD VG TL INTL STK F 921909768 236 5,153 SH   DFND 1 0 5,153 0
VIASAT INC COM 92552V100 233 3,514 SH   DFND 1 0 3,514 0
WISDOMTREE TR GLB US QTLY DIV 97717W844 563 12,222 SH   DFND 1 0 12,222 0