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 765 6,000 SH   DFND 1 0 6,000 0
ALPS ETF TR ALERIAN MLP 00162Q866 194 15,288 SH   DFND 1 0 15,288 0
AMC ENTMT HLDGS INC CL A COM 00165C104 523 16,621 SH   DFND 1 0 16,621 0
APOLLO INVT CORP COM 03761U106 316 48,206 SH   DFND 1 0 48,206 0
APOLLO SR FLOATING RATE FD I COM 037636107 737 42,018 SH   DFND 1 0 42,018 0
APOLLO TACTICAL INCOME FD IN COM 037638103 389 23,648 SH   DFND 1 0 23,648 0
APPLE INC COM 037833100 1,439 10,016 SH   DFND 1 0 10,016 0
ARES CAP CORP COM 04010L103 1,344 77,303 SH   DFND 1 0 77,303 0
ARES DYNAMIC CR ALLOCATION F COM 04014F102 224 13,989 SH   DFND 1 0 13,989 0
ATLANTIC ALLIANCE PARTNER CO SHS G04897107 1,224 122,381 SH   DFND 1 0 122,381 0
AVISTA HEALTHCARE PUB ACQ CO CL A G0726L125 985 100,000 SH   DFND 1 0 100,000 0
BAZAARVOICE INC COM 073271108 527 122,532 SH   DFND 1 0 122,532 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 250 1 SH   DFND 1 0 1 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 467 2,800 SH   DFND 1 0 2,800 0
BLACKROCK CAPITAL INVESTMENT COM 092533108 350 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 2,776 277,048 SH   DFND 1 0 277,048 0
BROADWIND ENERGY INC COM NEW 11161T207 1,113 133,622 SH   DFND 1 0 133,622 0
BROOKFIELD PPTY PARTNERS L P UNIT LTD PARTN G16249107 230 10,345 SH   DFND 1 0 10,345 0
BROOKFIELD REAL ASSETS INCOM SHS BEN INT 112830104 287 12,579 SH   DFND 1 0 12,579 0
BRT RLTY TR SH BEN INT NEW 055645303 53 49,089 SH   DFND 1 0 49,089 0
CADIZ INC COM NEW 127537207 1,839 122,213 SH   DFND 1 0 122,213 0
CADIZ INC COM NEW 127537207 469 31,142 SH   DFND   0 31,142 0
CALAMP CORP COM 128126109 487 28,977 SH   DFND 1 0 28,977 0
CAPITOL ACQUISITION CORP III COM 14055M106 2,510 237,950 SH   DFND 1 0 237,950 0
CARBONITE INC COM 141337105 541 26,640 SH   DFND 1 0 26,640 0
CF CORP SHS CL A G20307107 2,244 224,168 SH   DFND 1 0 224,168 0
COHEN & STEERS LTD DUR PFD I COM 19248C105 681 26,846 SH   DFND 1 0 26,846 0
COMSTOCK RES INC NOTE 7.750% 4/0 205768AM6 194 229,000 PRN   DFND   0 229,000 0
DICKS SPORTING GOODS INC COM 253393102 526 10,804 SH   DFND 1 0 10,804 0
DIGITAL TURBINE INC COM NEW 25400W102 1,430 1,521,086 SH   DFND 1 0 1,521,086 0
DIGITAL TURBINE INC COM NEW 25400W102 431 458,027 SH   DFND   0 458,027 0
DISNEY WALT CO COM DISNEY 254687106 282 2,490 SH   DFND 1 0 2,490 0
DOUBLELINE INCOME SOLUTIONS COM 258622109 1,717 85,546 SH   DFND 1 0 85,546 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 248 12,590 SH   DFND 1 0 12,590 0
FACEBOOK INC CL A 30303M102 489 3,444 SH   DFND 1 0 3,444 0
FERROGLOBE PLC SHS G33856108 3,512 340,000 SH   DFND 1 0 340,000 0
FINISAR CORP COM NEW 31787A507 480 17,571 SH   DFND 1 0 17,571 0
FINTECH ACQUISITION CORP II COM 31810G109 985 100,000 SH   DFND 1 0 100,000 0
FINTECH ACQUISITION CORP II *W EXP 01/19/202 31810G117 58 50,000 SH   DFND 1 0 50,000 0
GARRISON CAP INC COM 366554103 718 73,434 SH   DFND 1 0 73,434 0
GOLDMAN SACHS MLP INC OPP FD COM SHS 38147W103 825 77,344 SH   DFND 1 0 77,344 0
GORES HLDGS II INC COM CL A 382867109 1,500 150,000 SH   DFND 1 0 150,000 0
GORES HLDGS II INC *W EXP 03/06/202 382867117 63 50,000 SH   DFND 1 0 50,000 0
GTY TECHNOLOGY HOLDINGS INC CL A G4182A102 2,511 250,099 SH   DFND 1 0 250,099 0
GTY TECHNOLOGY HOLDINGS INC *W EXP 99/99/999 G4182A128 65 58,333 SH   DFND 1 0 58,333 0
HC2 HLDGS INC COM 404139107 3,983 642,348 SH   DFND 1 0 642,348 0
HC2 HLDGS INC COM 404139107 157 25,302 SH   DFND   0 25,302 0
HEWLETT PACKARD ENTERPRISE C COM 42824C109 1,323 55,812 SH   DFND 1 0 55,812 0
HORNBECK OFFSHORE SVCS INC N NOTE 1.500% 9/0 440543AN6 13 20,000 PRN   DFND   0 20,000 0
HP INC COM 40434L105 2,406 134,548 SH   DFND 1 0 134,548 0
IMAX CORP COM 45245E109 505 14,850 SH   DFND 1 0 14,850 0
ISHARES MSCI BRZ CAP ETF 464286400 305 8,130 SH   DFND 1 0 8,130 0
ISHARES MIN VOL GBL ETF 464286525 1,101 14,269 SH   DFND 1 0 14,269 0
ISHARES TR SELECT DIVID ETF 464287168 1,013 11,118 SH   DFND 1 0 11,118 0
ISHARES TR GLOB TELECOM ETF 464287275 13,748 100,000 SH Put DFND 1 0 100,000 0
ISHARES TR LATN AMER 40 ETF 464287390 208 6,562 SH   DFND 1 0 6,562 0
ISHARES TR 1-3 YR CR BD ETF 464288646 1,127 10,708 SH   DFND 1 0 10,708 0
ISHARES TR MSCI EMG MKT ETF 464287234 346 8,786 SH   DFND 1 0 8,786 0
ISHARES TR IBOXX INV CP ETF 464287242 1,247 10,572 SH   DFND 1 0 10,572 0
ISHARES TR MSCI EAFE ETF 464287465 1,337 21,458 SH   DFND 1 0 21,458 0
ISHARES TR RUS MID-CAP ETF 464287499 2,993 15,987 SH   DFND 1 0 15,987 0
ISHARES TR CORE S&P MCP ETF 464287507 448 2,616 SH   DFND 1 0 2,616 0
ISHARES TR NASDQ BIOTEC ETF 464287556 620 2,114 SH   DFND 1 0 2,114 0
ISHARES TR RUS 1000 GRW ETF 464287614 234 2,053 SH   DFND 1 0 2,053 0
ISHARES TR RUS 2000 GRW ETF 464287648 391 2,416 SH   DFND 1 0 2,416 0
ISHARES TR MSCI ACWI EX US 464288240 439 10,063 SH   DFND 1 0 10,063 0
ISHARES TR JP MOR EM MK ETF 464288281 1,112 9,779 SH   DFND 1 0 9,779 0
ISHARES TR NEW YORK MUN ETF 464288323 1,413 12,828 SH   DFND 1 0 12,828 0
ISHARES TR NATIONAL MUN ETF 464288414 929 8,529 SH   DFND 1 0 8,529 0
ISHARES TR INTL SEL DIV ETF 464288448 1,725 54,842 SH   DFND 1 0 54,842 0
ISHARES TR GLOBAL MATER ETF 464288695 323 5,448 SH   DFND 1 0 5,448 0
ISHARES TR FLTG RATE BD ETF 46429B655 2,713 53,335 SH   DFND 1 0 53,335 0
ISHARES TR MIN VOL EAFE ETF 46429B689 582 8,819 SH   DFND 1 0 8,819 0
ISHARES TR MIN VOL USA ETF 46429B697 1,015 21,269 SH   DFND 1 0 21,269 0
ISHARES TR CORE MSCI EAFE 46432F842 595 10,275 SH   DFND 1 0 10,275 0
KAYNE ANDERSON ACQUISITION UNIT 06/30/2022 48661U201 2,004 200,000 SH   DFND 1 0 200,000 0
KEMET CORP COM NEW 488360207 6,118 509,830 SH   DFND 1 0 509,830 0
KEMET CORP COM NEW 488360207 192 16,028 SH   DFND   0 16,028 0
KRATOS DEFENSE & SEC SOLUTIONS COM NEW 50077B207 1,915 246,177 SH   DFND 1 0 246,177 0
KRATOS DEFENSE & SEC SOLUTIONS COM NEW 50077B207 389 50,000 SH   DFND   0 50,000 0
LADENBURG THALMAN FIN SVCS I COM 50575Q102 6 81,050 SH   DFND 1 0 81,050 0
LINDBLAD EXPEDITIONS HLDGS I COM 535219109 171 19,100 SH   DFND 1 0 19,100 0
LUMENTUM HLDGS INC COM 55024U109 501 9,389 SH   DFND 1 0 9,389 0
M I ACQUISITIONS INC COM 55304A104 215 21,500 SH   DFND 1 0 21,500 0
MADDEN STEVEN LTD COM 556269108 495 12,853 SH   DFND 1 0 12,853 0
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 482 31,593 SH   DFND 1 0 31,593 0
MATLIN & PARTNERS ACQUISITIO UNIT 05/28/2021A 57682V205 1,002 100,000 SH   DFND 1 0 100,000 0
MATTEL INC COM 577081102 492 19,213 SH   DFND 1 0 19,213 0
MCBC HLDGS INC COM 55276F107 7,688 475,425 SH   DFND 1 0 475,425 0
MCBC HLDGS INC COM 55276F107 1,382 85,463 SH   DFND   0 85,463 0
MICROSOFT CORP COM 594918104 2,391 36,311 SH   DFND 1 0 36,311 0
MOTORCAR PTS AMER INC COM 620071100 574 18,663 SH   DFND 1 0 18,663 0
NETLIST INC COM 64118P109 771 779,000 SH   DFND 1 0 779,000 0
NETLIST INC COM 64118P109 165 166,638 SH   DFND   0 166,638 0
NETSCOUT SYS INC COM 64115T104 497 13,094 SH   DFND 1 0 13,094 0
NEW MTN FIN CORP COM 647551100 447 30,000 SH   DFND 1 0 30,000 0
NOVAVAX INC COM 670002104 13 10,500 SH   DFND 1 0 10,500 0
NUMEREX CORP PA CL A 67053A102 72 15,000 SH   DFND   0 15,000 0
NUTRI SYS INC NEW COM 67069D108 503 9,061 SH   DFND 1 0 9,061 0
NUVEEN BUILD AMER BD FD COM 67074C103 536 25,623 SH   DFND 1 0 25,623 0
NUVEEN MTG OPPORTUNITY TERM COM 670735109 239 9,633 SH   DFND 1 0 9,633 0
ON SEMICONDUCTOR CORP COM 682189105 725 46,829 SH   DFND 1 0 46,829 0
ONE LIBERTY PPTYS INC COM 682406103 113 15,173 SH   DFND 1 0 15,173 0
OOMA INC COM 683416101 520 52,242 SH   DFND 1 0 52,242 0
PENNANTPARK FLOATING RATE CA COM 70806A106 2,558 183,503 SH   DFND 1 0 183,503 0
PENNANTPARK INVT CORP COM 708062104 2,788 342,555 SH   DFND 1 0 342,555 0
PFIZER INC COM 717081103 225 6,586 SH   DFND 1 0 6,586 0
PIMCO ETF TR ENHAN SHRT MA AC 72201R833 6,527 64,214 SH   DFND 1 0 64,214 0
PIMCO ETF TR LOW DURTN AC ETF 72201R718 1,001 9,929 SH   DFND 1 0 9,929 0
PLATFORM SPECIALTY PRODS COR COM 72766Q105 781 60,000 SH   DFND 1 0 60,000 0
POWERSHARES ETF TR II PFD PORTFOLIO 73936T565 487 32,842 SH   DFND 1 0 32,842 0
POWERSHARES ETF TRUST DYN BIOT & GEN 73935X856 258 6,102 SH   DFND 1 0 6,102 0
POWERSHARES ETF TRUST II CEF INC COMPST 73936Q843 204 8,830 SH   DFND 1 0 8,830 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 1,073 8,108 SH   DFND 1 0 8,108 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 19,857 150,000 SH Put DFND 1 0 150,000 0
PRESTIGE BRANDS HLDGS INC COM 74112D101 490 8,821 SH   DFND 1 0 8,821 0
PRIMO WTR CORP COM 74165N105 482 35,468 SH   DFND 1 0 35,468 0
PROVIDENT FINL SVCS INC COM 74386T105 323 12,500 SH   DFND 1 0 12,500 0
READING INTERNATIONAL INC CL A 755408101 470 30,213 SH   DFND 1 0 30,213 0
RENT A CTR INC NEW COM 76009N100 200 22,500 SH   DFND   0 22,500 0
S&W SEED CO COM 785135104 480 96,933 SH   DFND 1 0 96,933 0
SCHLUMBERGER LTD COM 806857108 232 2,969 SH   DFND 1 0 2,969 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 303 3,440 SH   DFND 1 0 3,440 0
SILVER RUN ACQUISITION UNIT 99/99/9999 82812A202 522 50,000 SH   DFND 1 0 50,000 0
SKYWORKS SOLUTIONS INC COM 83088M102 495 5,047 SH   DFND 1 0 5,047 0
SOLAR CAP LTD COM 83413U100 215 9,530 SH   DFND 1 0 9,530 0
SOLAR SR CAP LTD COM 83416M105 5,047 280,706 SH   DFND 1 0 280,706 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 554 2,686 SH   DFND 1 0 2,686 0
SPDR INDEX SHS FDS GLB NAT RESRCE 78463X541 844 19,839 SH   DFND 1 0 19,839 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,692 7,177 SH   DFND 1 0 7,177 0
SPLUNK INC COM 848637104 472 7,579 SH   DFND 1 0 7,579 0
SUPERIOR INDS INTL INC COM 868168105 554 21,839 SH   DFND 1 0 21,839 0
TELENAV INC COM 879455103 1,194 138,052 SH   DFND 1 0 138,052 0
TELENAV INC COM 879455103 0 20 SH   DFND   0 20 0
TEMPUR SEALY INTL INC COM 88023U101 929 20,000 SH   DFND 1 0 20,000 0
THESTREET INC COM 88368Q103 546 718,756 SH   DFND   0 718,756 0
THL CR INC COM 872438106 301 30,200 SH   DFND 1 0 30,200 0
TORTOISE MLP FD INC COM 89148B101 959 46,160 SH   DFND 1 0 46,160 0
TRANSACT TECHNOLOGIES INC COM 892918103 481 59,437 SH   DFND 1 0 59,437 0
TRUECAR INC COM 89785L107 509 32,875 SH   DFND 1 0 32,875 0
URBAN EDGE PPTYS COM 91704F104 400 15,215 SH   DFND 1 0 15,215 0
VANGUARD INDEX FDS MID CAP ETF 922908629 3,229 23,191 SH   DFND 1 0 23,191 0
VANGUARD INDEX FDS LARGE CAP ETF 922908637 7,860 72,717 SH   DFND 1 0 72,717 0
VANGUARD INDEX FDS GROWTH ETF 922908736 314 2,578 SH   DFND 1 0 2,578 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 1,903 15,683 SH   DFND 1 0 15,683 0
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 324 6,784 SH   DFND 1 0 6,784 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 2,087 52,553 SH   DFND 1 0 52,553 0
VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF 922042866 585 9,245 SH   DFND 1 0 9,245 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 355 6,889 SH   DFND 1 0 6,889 0
VANGUARD MALVERN FDS STRM INFPROIDX 922020805 2,727 55,129 SH   DFND 1 0 55,129 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 3,354 42,059 SH   DFND 1 0 42,059 0
VANGUARD SCOTTSDALE FDS LG-TERM COR BD 92206C813 661 7,347 SH   DFND 1 0 7,347 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 2,965 34,324 SH   DFND 1 0 34,324 0
VANGUARD SPECIALIZED PORTFOLIO DIV APP ETF 921908844 1,456 16,183 SH   DFND 1 0 16,183 0
VANGUARD STAR FD VG TL INTL STK F 921909768 304 6,121 SH   DFND 1 0 6,121 0
VIASAT INC COM 92552V100 491 7,692 SH   DFND 1 0 7,692 0
WEST MARINE INC COM 954235107 544 57,074 SH   DFND 1 0 57,074 0
WISDOMTREE TR GLB US QTLY DIV 97717W844 613 12,222 SH   DFND 1 0 12,222 0
XCERRA CORP COM 98400J108 761 85,600 SH   DFND 1 0 85,600 0