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
Adjustable Rate Mortgage Trust 2005-5 6A22 1.8875 25-SEP-2035 BOND 007036LY0 0 78,765 PRN   SOLE   78,765 0 0
Ameriquest Mortgage Securities 2003-11 AF6 5.64 25-DEC-2033 BOND 03072SLU7 0 4,995 PRN   SOLE   4,995 0 0
Banc of America Funding 2006-2 Trust 2A18 5.75 25-MAR-2036 BOND 05949QAZ8 0 16,825 PRN   SOLE   16,825 0 0
Countrywide Home Loans Asset-Backed Certificates Series 2002-S4 A5 5.216 25-OCT-2017 BOND 126671UD6 0 70,461 PRN   SOLE   70,461 0 0
Citigroup Commercial Mortgage Trust 2008-C7 AMA 6.19141 10-DEC-2049 BOND 17313KAJ0 0 0 PRN   SOLE   0 0 0
Dash II A1L 1.81 15-SEP-2035 BOND 25513TAA1 0 95,919 PRN   SOLE   95,919 0 0
Equity One Mortgage Pass Through Trust 2003-4 M1 5.869 25-OCT-2034 BOND 294751DF6 0 29,217 PRN   SOLE   29,217 0 0
Fremont Home Loan Trust 2005-B M4 2.03362 25-APR-2035 BOND 35729PJY7 0 93,438 PRN   SOLE   93,438 0 0
GSAMP Trust 2005-SEA2 A1 1.6775 25-JAN-2045 BOND 362341TM1 0 33,209 PRN   SOLE   33,209 0 0
JP Morgan Chase Commercial Mortgage Securities Trust 2012-CIBX A3 3.1388 15-JUN-2045 BOND 46637WAC7 0 307,277 PRN   SOLE   307,277 0 0
Morgan Stanley Capital I Trust 2006-IQ11 AJ 6.247027 15-MAY-2016 BOND 617453AV7 0 68,701 PRN   SOLE   68,701 0 0
Nomura Asset Acceptance Corporation Alternative Loan Trust Series 2005-AR2 2A2 3.673352 25-MAY-2035 BOND 65535VKD9 0 3,457 PRN   SOLE   3,457 0 0
Option One Mortgage Loan Trust 2005-1 A4 2.1275 25-FEB-2035 BOND 68389FGJ7 0 17,130 PRN   SOLE   17,130 0 0
RASC Series 2003-KS4 Trust AI6 3.87 25-JUN-2033 BOND 76110WRQ1 0 25,594 PRN   SOLE   25,594 0 0
RASC Series 2004-KS2 Trust AI6 4.3 25-MAR-2034 BOND 76110WWG7 0 4,871 PRN   SOLE   4,871 0 0
RAMP Series 2005-RS1 Trust AI6 4.713 25-NOV-2034 BOND 76112BHY9 0 9,900 PRN   SOLE   9,900 0 0
Safeway Inc. EQUITY 786CVR209 0 750,000 SH   SOLE   0 0 750,000
Safeway Inc. EQUITY 786CVR308 0 750,000 SH   SOLE   0 0 750,000
Structured Asset Securities Corporation Mortgage Loan Trust 2006-WF1 M2 1.6675 25-FEB-2036 BOND 863576FJ8 0 400,000 PRN   SOLE   400,000 0 0
SASC 2006-AM1 A4 Mtge BOND 86359XAD5 0 179,501 PRN   SOLE   179,501 0 0
Washington Mutual Mortgage Pass-Through Certificates Series 2003-S12 2A 4.75 25-NOV-2018 BOND 92922FHP6 0 5,084 PRN   SOLE   5,084 0 0
Washington Mutual Mortgage Pass-Through Certificates WMALT Series 2006-7 A1A 6.086 25-SEP-2036 BOND 93935HAA5 0 37,375 PRN   SOLE   37,375 0 0
CROW POINT ALTERNATIVE INC-Y EQUITY 885572552 4,780 564,287 SH   SOLE   503,388 0 0
APPLE INC EQUITY 037833100 17 100 SH   SOLE   100 0 0
ABIOMED INC EQUITY 003654100 120 631 SH   SOLE   631 0 0
ALLIANCEBERNSTEIN HOLDING LP EQUITY 01881G106 140 5,564 SH   SOLE   5,564 0 0
ACA Master Select Fund LP EQUITY ACAMASTER 4,028 79,721 SH   SOLE   79,721 0 0
GREENHUNTER WATER WARRANTS EQUITY 395990708 0 96,112 SH   SOLE   0 0 96,112
AECOM EQUITY 00766T100 107 2,863 SH   SOLE   2,863 0 0
ISHARES MSCI ACWI ETF EQUITY 464288257 897 12,433 SH   SOLE   12,433 0 0
ANALOG DEVICES INC EQUITY 032654105 30 341 SH   SOLE   341 0 0
AUTOMATIC DATA PROCESSING EQUITY 053015103 195 1,666 SH   SOLE   1,666 0 0
AMERICAN ELECTRIC POWER EQUITY 025537101 20,254 275,000 SH   SOLE   0 0 275,000
Ashford Hospitality Prime Inc 5 1/2 Cum Conv Pfd Shs Series B EQUITY 044102507 965 47,100 SH   SOLE   0 0 47,100
Arlington Asset Investment Corp. 6.625 01-MAY-2023 EQUITY 041356304 2,460 100,040 SH   SOLE   0 0 100,040
AK STEEL HOLDING CORP EQUITY 001547108 110 19,125 SH   SOLE   19,125 0 0
ALLETE INC EQUITY 018522300 743 10,000 SH   SOLE   0 0 10,000
Alabama Power Company 5 Cum Pfd Registered Shs A EQUITY 010392462 3,607 140,000 SH   SOLE   0 0 140,000
AFFILIATED MANAGERS GROUP EQUITY 008252108 101 491 SH   SOLE   491 0 0
TD AMERITRADE HOLDING CORP EQUITY 87236Y108 107 2,087 SH   SOLE   2,087 0 0
AMAZON.COM INC EQUITY 023135106 20 17 SH   SOLE   17 0 0
AON PLC EQUITY G0408V102 76 564 SH   SOLE   564 0 0
PREFERRED APARTMENT COMMUN-A EQUITY 74039L103 5,120 250,000 SH   SOLE   0 0 250,000
AMERICAN WATER WORKS CO INC EQUITY 030420103 18,324 200,000 SH   SOLE   0 0 200,000
ALIBABA GROUP HOLDING-SP ADR EQUITY 01609W102 31 178 SH   SOLE   178 0 0
Bank of America Corp Deposit Shs Repr 1/1000th Non-Cum Pfd Shs Series -CC- EQUITY 060505286 51 1,900 SH   SOLE   1,900 0 0
BreitBurn Energy Partners L.P. 8.625 15-OCT-2020 BOND 106777AB1 0 4,180,000 PRN   SOLE   0 0 4,180,000
BRAINSTORM CELL THERAPEUTICS EQUITY 10501E201 16 5,117 SH   SOLE   5,117 0 0
BECTON DICKINSON AND CO EQUITY 075887109 138 643 SH   SOLE   643 0 0
GENERAL CABLE CORP EQUITY 369300108 62 2,100 SH   SOLE   2,100 0 0
BIG LOTS INC EQUITY 089302103 73 1,310 SH   SOLE   1,310 0 0
SPDR BBG BARC 1-3 MONTH TBIL EQUITY 78468R663 1,267 13,856 SH   SOLE   13,856 0 0
TOPBUILD CORP EQUITY 89055F103 45 597 SH   SOLE   597 0 0
BLUEBIRD BIO INC EQUITY 09609G100 82 456 SH   SOLE   456 0 0
BOX INC - CLASS A EQUITY 10316T104 68 3,201 SH   SOLE   3,201 0 0
BROWN & BROWN INC EQUITY 115236101 65 1,250 SH   SOLE   1,250 0 0
BRITISH AMERICAN TOB-SP ADR EQUITY 110448107 0 1 SH   SOLE   1 0 0
BLACKSTONE GROUP LP/THE EQUITY 09253U108 23 700 SH   SOLE   700 0 0
CACI INTERNATIONAL INC -CL A EQUITY 127190304 192 1,444 SH   SOLE   1,444 0 0
CARBONITE INC EQUITY 141337105 57 2,247 SH   SOLE   2,247 0 0
AVIS BUDGET GROUP INC EQUITY 053774105 322 7,200 SH   SOLE   7,200 0 0
CBOE GLOBAL MARKETS INC EQUITY 12503M108 76 608 SH   SOLE   608 0 0
CROWN CASTLE INTL CORP EQUITY 22822V101 165 1,500 SH   SOLE   0 0 1,500
CONDOR HOSPITALITY TRUST INC EQUITY 20676Y403 4,821 475,000 SH   SOLE   0 0 475,000
CERNER CORP EQUITY 156782104 50 729 SH   SOLE   729 0 0
CROW POINT DEF RISK GL EQ-I EQUITY 885572560 1,208 134,361 SH   SOLE   75,118 0 0
CHURCH & DWIGHT CO INC EQUITY 171340102 25 500 SH   SOLE   500 0 0
CHUNGHWA TELECOM LT-SPON ADR EQUITY 17133Q502 5,308 150,000 SH   SOLE   0 0 150,000
CITY OFFICE REIT INC EQUITY 178587101 2,610 200,000 SH   SOLE   0 0 200,000
CHATHAM LODGING TRUST EQUITY 16208T102 4,622 200,000 SH   SOLE   0 0 200,000
Colony NorthStar Inc. 7.125 Cum Red Perp Registered Pfd Shs Series H EQUITY 19625W880 1,366 53,647 SH   SOLE   0 0 53,647
COMCAST CORP-CLASS A EQUITY 20030N101 18,139 450,200 SH   SOLE   0 0 450,200
CME GROUP INC EQUITY 12572Q105 415 2,839 SH   SOLE   2,839 0 0
CMS ENERGY CORP EQUITY 125896100 28,434 600,000 SH   SOLE   0 0 600,000
CENTERPOINT ENERGY INC EQUITY 15189T107 8,508 300,000 SH   SOLE   0 0 300,000
Connecticut Light & Power Co 5.28 Cum.Red.Pfd Shs Series 1967 EQUITY 207597782 623 12,000 SH   SOLE   0 0 12,000
CORENERGY INFRASTRUCTURE TRU EQUITY 21870U502 692 18,000 SH   SOLE   0 0 18,000
CORCEPT THERAPEUTICS INC EQUITY 218352102 53 2,921 SH   SOLE   2,921 0 0
COSTCO WHOLESALE CORP EQUITY 22160K105 33 177 SH   SOLE   177 0 0
CHESAPEAKE UTILITIES CORP EQUITY 165303108 24 300 SH   SOLE   0 0 300
COPART INC EQUITY 217204106 18 406 SH   SOLE   406 0 0
ISHARES US CREDIT BOND ETF EQUITY 464288620 399 3,566 SH   SOLE   3,566 0 0
ISHARES 1-3 YEAR CREDIT BOND EQUITY 464288646 1,318 12,605 SH   SOLE   12,605 0 0
Capital Southwest Corp. Senior 5.95 Notes EQUITY 140501206 100 4,000 SH   SOLE   0 0 4,000
CYTOSORBENTS CORP EQUITY 23283X206 59 9,014 SH   SOLE   9,014 0 0
BARRACUDA NETWORKS INC EQUITY 068323104 14 500 SH   SOLE   500 0 0
COMMVAULT SYSTEMS INC EQUITY 204166102 73 1,388 SH   SOLE   1,388 0 0
CITIGROUP INC EQUITY 172967424 618 8,229 SH   SOLE   8,229 0 0
TABLEAU SOFTWARE INC-CL A EQUITY 87336U105 67 956 SH   SOLE   956 0 0
DDR Corp Deposit Shs Repr 1/20th 6.375 Cum Red Pfd Registered Shs A EQUITY 23317H870 166 6,500 SH   SOLE   0 0 6,500
DULUTH HOLDINGS INC - CL B EQUITY 26443V101 41 2,310 SH   SOLE   2,310 0 0
UNITED STATES SHORT OIL FUND EQUITY 912613205 930 16,300 SH   SOLE   16,300 0 0
PHYSICIANS REALTY TRUST EQUITY 71943U104 2,703 150,000 SH   SOLE   0 0 150,000
Diana Shipping Inc 8 1/2 Notes 2015-15.5.20 Sr EQUITY Y2066G120 3,012 118,941 SH   SOLE   0 0 118,941
DTE Energy Co 5 3/8 Debentures 2016-01.06.76 Series 2016 B EQUITY 233331800 5,118 200,000 SH   SOLE   0 0 200,000
DTE Energy Co 5.25 Debentures 2017-01.12.77 Global EQUITY 233331859 3,789 150,000 SH   SOLE   0 0 150,000
DYCOM INDUSTRIES INC EQUITY 267475101 76 664 SH   SOLE   664 0 0
DOMINION ENERGY INC EQUITY 25746U109 21,103 260,300 SH   SOLE   0 0 260,300
Eagle Point Credit Company Inc 7.75 Pfd Registered Shs 2016-30.10.26 Series B EQUITY 269809307 131 5,000 SH   SOLE   0 0 5,000
EURONET WORLDWIDE INC EQUITY 298736109 168 1,999 SH   SOLE   1,999 0 0
ISHARES MSCI EAFE ETF EQUITY 464287465 0 0 SH   SOLE   0 0 0
EDISON INTERNATIONAL EQUITY 281020107 31,011 485,000 SH   SOLE   0 0 485,000
ELF BEAUTY INC EQUITY 26856L103 43 1,898 SH   SOLE   1,898 0 0
TEMPLETON EMERGING MKTS FND EQUITY 880191101 294 18,100 SH   SOLE   18,100 0 0
EPR Properties 5.75 Series G Cum Redeem Pref EQUITY 26884U505 125 5,000 SH   SOLE   0 0 5,000
EQUITY BANCSHARES INC - CL A EQUITY 29460X109 42 1,200 SH   SOLE   1,200 0 0
EVERSOURCE ENERGY EQUITY 30040W108 31,790 505,000 SH   SOLE   0 0 505,000
ETRADE FINANCIAL CORP EQUITY 269246401 540 10,864 SH   SOLE   10,864 0 0
ENTERGY CORP EQUITY 29364G103 8,197 101,000 SH   SOLE   0 0 101,000
WF UTILITY & TELECOM-A EQUITY 94985D483 362 17,089 SH   SOLE   17,089 0 0
EATON VANCE LTD DURATION FND EQUITY 27828H105 1,067 78,545 SH   SOLE   78,545 0 0
EXACT SCIENCES CORP EQUITY 30063P105 145 2,654 SH   SOLE   2,654 0 0
EXELON CORP EQUITY 30161N101 12,419 316,001 SH   SOLE   0 0 316,001
FACEBOOK INC-A EQUITY 30303M102 566 3,184 SH   SOLE   3,184 0 0
FIRST DATA CORP- CLASS A EQUITY 32008D106 31 1,834 SH   SOLE   1,834 0 0
FIRSTENERGY CORP EQUITY 337932107 6,090 200,000 SH   SOLE   0 0 200,000
FISERV INC EQUITY 337738108 289 2,186 SH   SOLE   2,186 0 0
FIVE BELOW EQUITY 33829M101 46 673 SH   SOLE   673 0 0
First Republic Bank Deposit Shs Repr 1/40th Non Cum Perp Pfd Shs Series H EQUITY 33616C811 126 5,000 SH   SOLE   0 0 5,000
GE CAPITAL MTG SERVICES INC. BOND 36157RD85 0 2,512 PRN   SOLE   2,512 0 0
GLOBUS MEDICAL INC - A EQUITY 379577208 55 1,320 SH   SOLE   1,320 0 0
GENERAL MOTORS CO EQUITY 37045V100 77 1,858 SH   SOLE   1,858 0 0
Georgia Power Co 5 Notes 2017-01.10.77 Global Series 2017A EQUITY 373334440 1,265 50,000 SH   SOLE   0 0 50,000
GreenHunter Resources Inc 10 Cum Pfd Shs Series C EQUITY 39530A203 4 61,786 SH   SOLE   0 0 61,786
Gastar Exploration Inc Cum Pfd Shs Series B EQUITY 36729P306 1,132 56,900 SH   SOLE   0 0 56,900
GREAT PLAINS ENERGY INC EQUITY 391164100 9,998 310,000 SH   SOLE   0 0 310,000
ETFMG PRIME CYBER SECURITY E EQUITY 26924G201 186 5,846 SH   SOLE   5,846 0 0
HD SUPPLY HOLDINGS INC EQUITY 40416M105 479 11,900 SH   SOLE   11,900 0 0
HERTZ GLOBAL HOLDINGS INC EQUITY 42806J106 142 6,200 SH   SOLE   6,200 0 0
HUBSPOT INC EQUITY 443573100 530 5,947 SH   SOLE   5,947 0 0
INSTALLED BUILDING PRODUCTS EQUITY 45780R101 128 1,685 SH   SOLE   1,685 0 0
INTERCONTINENTAL EXCHANGE IN EQUITY 45866F104 435 6,170 SH   SOLE   6,170 0 0
IDACORP INC EQUITY 451107106 2,290 25,000 SH   SOLE   0 0 25,000
INTEGRATED DEVICE TECH INC EQUITY 458118106 53 1,763 SH   SOLE   1,763 0 0
ISHARES CORE S&P SMALL-CAP E EQUITY 464287804 564 7,296 SH   SOLE   7,296 0 0
IMAX CORP EQUITY 45245E109 103 4,438 SH   SOLE   4,438 0 0
IMMUNE DESIGN CORP EQUITY 45252L103 23 5,574 SH   SOLE   5,574 0 0
SUMMIT HOTEL PROPERTIES INC EQUITY 866082100 1,926 125,000 SH   SOLE   0 0 125,000
INTRA-CELLULAR THERAPIES INC EQUITY 46116X101 22 1,448 SH   SOLE   1,448 0 0
ISHARES RUSSELL 3000 ETF EQUITY 464287689 281 1,768 SH   SOLE   1,768 0 0
Just Energy Group PFD A EQUITY 48213W200 7,933 315,000 SH   SOLE   0 0 315,000
JACK HENRY & ASSOCIATES INC EQUITY 426281101 32 274 SH   SOLE   274 0 0
SPDR BBG BARC HIGH YIELD BND EQUITY 78464A417 716 19,538 SH   SOLE   19,538 0 0
POWERSHARES KBW BANK EQUITY 73937B746 498 8,972 SH   SOLE   8,972 0 0
KIMCO Realty Corp. 5.25 Class M Cum Red Pref EQUITY 49446R711 250 10,000 SH   SOLE   0 0 10,000
KIMBELL ROYALTY PARTNERS LP EQUITY 49435R102 3,408 213,000 SH   SOLE   0 0 213,000
LUMENTUM HOLDINGS INC EQUITY 55024U109 95 1,941 SH   SOLE   1,941 0 0
Legg Mason Inc. 6 3/8 Notes 2016-15.3.56 EQUITY 524901501 11 400 SH   SOLE   400 0 0
LANDMARK INFRASTRUCTURE PART EQUITY 51508J108 184 10,000 SH   SOLE   0 0 10,000
LOCKHEED MARTIN CORP EQUITY 539830109 956 2,967 SH   SOLE   2,967 0 0
ALLIANT ENERGY CORP EQUITY 018802108 25,084 588,000 SH   SOLE   0 0 588,000
LOGMEIN INC EQUITY 54142L109 46 399 SH   SOLE   399 0 0
LIPOCINE INC EQUITY 53630X104 23 6,412 SH   SOLE   6,412 0 0
ISHARES IBOXX INVESTMENT GRA EQUITY 464287242 2,817 23,206 SH   SOLE   23,206 0 0
MID-AMERICA APARTMENT COMM EQUITY 59522J103 47 469 SH   SOLE   469 0 0
MASTERCARD INC - A EQUITY 57636Q104 14,571 96,009 SH   SOLE   1,009 0 95,000
Medley LLC 6 7/8 Notes 2016-15.08.26 EQUITY 58503Y105 2,922 120,000 SH   SOLE   0 0 120,000
MONDELEZ INTERNATIONAL INC-A EQUITY 609207105 176 4,096 SH   SOLE   4,096 0 0
Maiden Holdings Ltd 6.7 Red Pfd Registered Shs Series D EQUITY G5753U146 126 5,000 SH   SOLE   0 0 5,000
MDU RESOURCES GROUP INC EQUITY 552690109 13 500 SH   SOLE   0 0 500
MGM RESORTS INTERNATIONAL EQUITY 552953101 77 2,296 SH   SOLE   2,296 0 0
MIMECAST LTD EQUITY G14838109 228 7,787 SH   SOLE   7,787 0 0
ETFMG ALTERNATIVE HARVEST EQUITY 26924G508 84 2,632 SH   SOLE   4,000 0 0
MARKETAXESS HOLDINGS INC EQUITY 57060D108 36 176 SH   SOLE   176 0 0
MFS MULTIMARKET INC TRUST EQUITY 552737108 1,024 169,216 SH   SOLE   169,216 0 0
MONMOUTH REAL ESTATE INV COR EQUITY 609720404 2,030 116,024 SH   SOLE   0 0 116,024
MOBILEIRON INC EQUITY 60739U204 38 9,705 SH   SOLE   9,705 0 0
MARATHON PETROLEUM CORP EQUITY 56585A102 58 867 SH   SOLE   867 0 0
MICROSOFT CORP EQUITY 594918104 49 573 SH   SOLE   573 0 0
MORGAN STANLEY EQUITY 617446448 175 3,323 SH   SOLE   3,323 0 0
M & T BANK CORP 5 Series A EQUITY 55261F609 1,053 1,022 SH   SOLE   0 0 1,022
MATADOR RESOURCES CO EQUITY 576485205 58 1,838 SH   SOLE   1,838 0 0
ARCELORMITTAL-NY REGISTERED EQUITY 03938L203 389 11,889 SH   SOLE   11,889 0 0
MULESOFT INC -A EQUITY 625207105 58 2,488 SH   SOLE   2,488 0 0
NEUROCRINE BIOSCIENCES INC EQUITY 64125C109 145 1,918 SH   SOLE   1,918 0 0
NASDAQ INC EQUITY 631103108 150 1,956 SH   SOLE   1,956 0 0
NEXTERA ENERGY INC EQUITY 65339F101 31,270 200,000 SH   SOLE   0 0 200,000
NEW RELIC INC EQUITY 64829B100 113 1,976 SH   SOLE   1,976 0 0
NEWTEK BUSINESS SERVICES COR EQUITY 652526203 555 30,000 SH   SOLE   0 0 30,000
NETFLIX INC EQUITY 64110L106 579 3,007 SH   SOLE   3,007 0 0
NEW JERSEY RESOURCES CORP EQUITY 646025106 16 400 SH   SOLE   0 0 400
NEKTAR THERAPEUTICS EQUITY 640268108 33 539 SH   SOLE   539 0 0
Navios Maritime Holdings Inc 8 5/8 Cum Red Perp Pfd Shs Sponsored American Deposit Receipt Repr 1/100th 8 5/8 CRPP-H EQUITY 63938Y308 944 59,000 SH   SOLE   0 0 59,000
NORTHROP GRUMMAN CORP EQUITY 666807102 153 495 SH   SOLE   495 0 0
SERVICENOW INC EQUITY 81762P102 33 249 SH   SOLE   249 0 0
NuStar Energy LP Cum Red Perp Pfd Units Series A EQUITY 67058H201 840 35,000 SH   SOLE   0 0 35,000
NSTAR Electric Company 4.78 Pfd Shs EQUITY 67021C305 909 8,830 SH   SOLE   0 0 8,830
NUTANIX INC - A EQUITY 67059N108 52 1,448 SH   SOLE   1,448 0 0
NOVOCURE LTD EQUITY G6674U108 120 5,855 SH   SOLE   5,855 0 0
NVIDIA CORP EQUITY 67066G104 39 200 SH   SOLE   200 0 0
NAVIGATOR HOLDINGS LTD EQUITY Y62132108 39 3,935 SH   SOLE   3,935 0 0
NEVRO CORP EQUITY 64157F103 34 475 SH   SOLE   475 0 0
NORTHWESTERN CORP EQUITY 668074305 6,105 102,411 SH   SOLE   0 0 102,411
OCLARO INC EQUITY 67555N206 42 6,138 SH   SOLE   6,138 0 0
OVERSTOCK.COM INC EQUITY 690370101 159 2,415 SH   SOLE   2,415 0 0
OCCIDENTAL PETROLEUM CORP EQUITY 674599105 81 1,102 SH   SOLE   1,102 0 0
P G & E CORP EQUITY 69331C108 8,962 200,000 SH   SOLE   0 0 200,000
PUBLIC SERVICE ENTERPRISE GP EQUITY 744573106 12,835 250,000 SH   SOLE   0 0 250,000
Pennsylvania Real Estate Investment Trust 6.875 Cum Red Perp Registered Pfd Shs Series D EQUITY 709102701 125 5,000 SH   SOLE   0 0 5,000
PROOFPOINT INC EQUITY 743424103 176 1,954 SH   SOLE   1,954 0 0
PNM RESOURCES INC EQUITY 69349H107 31,465 775,000 SH   SOLE   0 0 775,000
PERMA-PIPE INTERNATIONAL HOL EQUITY 714167103 1,630 183,117 SH   SOLE   0 0 183,117
POWERSHARES DYN SEMICONDUCT EQUITY 73935X781 312 6,133 SH   SOLE   6,133 0 0
QUANTA SERVICES INC EQUITY 74762E102 54 1,371 SH   SOLE   1,371 0 0
PAYPAL HOLDINGS INC EQUITY 70450Y103 104 1,397 SH   SOLE   1,397 0 0
QORVO INC EQUITY 74736K101 47 700 SH   SOLE   700 0 0
QUOTIENT TECHNOLOGY INC EQUITY 749119103 38 3,248 SH   SOLE   3,248 0 0
RINGCENTRAL INC-CLASS A EQUITY 76680R206 116 2,388 SH   SOLE   2,388 0 0
RAPID7 INC EQUITY 753422104 119 6,261 SH   SOLE   6,261 0 0
RELIANCE STEEL & ALUMINUM EQUITY 759509102 291 3,348 SH   SOLE   3,348 0 0
RAYTHEON COMPANY EQUITY 755111507 816 4,318 SH   SOLE   4,318 0 0
ROYCE VALUE TRUST EQUITY 780910105 1,103 68,564 SH   SOLE   68,564 0 0
Saratoga Investment Corp 6.75 Notes 2016-30.12.23 EQUITY 80349A406 4,917 187,011 SH   SOLE   0 0 187,011
Safe Bulkers Inc 8 Cum Red Perp Pfd Shs Series D EQUITY Y7388L137 1,151 50,000 SH   SOLE   0 0 50,000
Scorpio Tankers Inc. 6.75 15-MAY-2020 EQUITY 80918T109 977 40,000 SH   SOLE   0 0 40,000
STARBUCKS CORP EQUITY 855244109 109 1,877 SH   SOLE   1,877 0 0
SOUTHERN COPPER CORP EQUITY 84265V105 391 8,211 SH   SOLE   8,211 0 0
SCE Trust VI 5 Cum Red Pfd Secs Series L EQUITY 78410V200 2,699 107,972 SH   SOLE   0 0 107,972
SCANA CORP EQUITY 80589M102 993 25,000 SH   SOLE   0 0 25,000
SCHWAB US BROAD MARKET ETF EQUITY 808524102 1,222 18,863 SH   SOLE   18,863 0 0
SCHWAB EMERGING MARKETS EQUI EQUITY 808524706 406 14,599 SH   SOLE   14,599 0 0
SCHWAB INTL EQUITY ETF EQUITY 808524805 300 8,821 SH   SOLE   8,821 0 0
SANTANDER CONSUMER USA HOLDI EQUITY 80283M101 174 9,348 SH   SOLE   9,348 0 0
SELECTA BIOSCIENCES INC EQUITY 816212104 20 1,915 SH   SOLE   1,915 0 0
SHENANDOAH TELECOMMUNICATION EQUITY 82312B106 32,858 975,000 SH   SOLE   0 0 975,000
SOUTH JERSEY INDUSTRIES EQUITY 838518108 10,169 325,400 SH   SOLE   0 0 325,400
Scorpio Bulkers Inc 7 1/2 Notes 2014-15.9.19 Sr EQUITY Y7546A114 2,643 105,000 SH   SOLE   0 0 105,000
Southern Company 5.25 Notes 2017-01.12.77 Global Series 2017B EQUITY 842587404 2,777 111,000 SH   SOLE   0 0 111,000
SPARK ENERGY INC-CLASS A EQUITY 846511103 13,253 1,073,144 SH   SOLE   0 0 1,073,144
SPDR PORT LNG TRM TRSRY EQUITY 78464A664 399 10,958 SH   SOLE   10,958 0 0
SPDR S&P 500 ETF TRUST EQUITY 78462F103 971 3,625 SH   SOLE   3,625 0 0
PROSHARES ULTRAPRO SHORT QQQ EQUITY 74348A160 169 8,000 SH   SOLE   8,000 0 0
Spirit Realty 6 Series A Cum Red Pref EQUITY 84860W201 250 10,000 SH   SOLE   0 0 10,000
SEMPRA ENERGY EQUITY 816851109 32,659 305,000 SH   SOLE   0 0 305,000
Seritage Growth Properties 7.00 Series A Cum Red Pref EQUITY 81752R308 125 5,000 SH   SOLE   0 0 5,000
SAREPTA THERAPEUTICS INC EQUITY 803607100 74 1,302 SH   SOLE   1,302 0 0
SS&C TECHNOLOGIES HOLDINGS EQUITY 78467J100 137 3,404 SH   SOLE   3,404 0 0
Seaspan Corp 7.125 Notes 2017-30.10.27 Global EQUITY 81254U403 4,850 200,000 SH   SOLE   0 0 200,000
STERLING BANCORP/DE EQUITY 85917A100 43 1,710 SH   SOLE   1,710 0 0
SKYWORKS SOLUTIONS INC EQUITY 83088M102 379 3,924 SH   SOLE   3,924 0 0
AT&T Inc 5.35 Notes 2017-01.11.66 Global EQUITY 00206R300 2,630 100,000 SH   SOLE   0 0 100,000
TCF Financial Corp Deposit Shs Repr 1/1000th Non-Cum Pfd Shs Series C EQUITY 872275300 256 10,000 SH   SOLE   0 0 10,000
Carlyle Group LP 5.875 Non Cum Red Perp Pfd Units Series A EQUITY 14309L201 63 2,500 SH   SOLE   0 0 2,500
TELADOC INC EQUITY 87918A105 47 1,337 SH   SOLE   1,337 0 0
INTERFACE INC EQUITY 458665304 49 1,977 SH   SOLE   1,977 0 0
ISHARES 10-20 YEAR TREASURY EQUITY 464288653 393 2,895 SH   SOLE   2,895 0 0
ISHARES 20 YEAR TREASURY BO EQUITY 464287432 333 2,629 SH   SOLE   2,629 0 0
TIMKENSTEEL CORP EQUITY 887399103 69 4,654 SH   SOLE   4,654 0 0
DIREXION DLY SM CAP BULL 3X EQUITY 25459W847 648 9,000 SH   SOLE   9,000 0 0
PROSHARES ULTRAPRO QQQ EQUITY 74347X831 712 5,037 SH   SOLE   5,037 0 0
TRADE DESK INC THE -CLASS A EQUITY 88339J105 214 4,600 SH   SOLE   4,600 0 0
TAKE-TWO INTERACTIVE SOFTWRE EQUITY 874054109 87 798 SH   SOLE   798 0 0
TWILIO INC - A EQUITY 90138F102 40 1,658 SH   SOLE   1,658 0 0
AT&T INC EQUITY 00206R102 3,918 100,000 SH   SOLE   0 0 100,000
Union Electric Co USD 4.56 Cum.Red.Pfd Shs EQUITY 906548607 1,020 10,000 SH   SOLE   0 0 10,000
USG CORP EQUITY 903293405 85 2,191 SH   SOLE   2,191 0 0
VEMO EQUITY PP0000396 300 2,250,000 SH   SOLE   2,250,000 0 0
ISHARES EDGE MSCI USA VALUE EQUITY 46432F388 1,148 13,650 SH   SOLE   13,650 0 0
VANTIV INC - CL A EQUITY 92210H105 298 4,031 SH   SOLE   4,031 0 0
VANGUARD S&P 500 ETF EQUITY 922908363 290 1,180 SH   SOLE   1,180 0 0
VERINT SYSTEMS INC EQUITY 92343X100 213 5,091 SH   SOLE   5,091 0 0
VANGUARD TOTAL STOCK MKT ETF EQUITY 922908769 421 3,055 SH   SOLE   3,055 0 0
VANGUARD FTSE EMERGING MARKE EQUITY 922042858 408 8,929 SH   SOLE   8,929 0 0
IPATH S&P 500 VIX ST FU ETN EQUITY 06746L422 330 12,000 SH   SOLE   12,000 0 0
VERIZON COMMUNICATIONS INC EQUITY 92343V104 2,206 41,291 SH   SOLE   0 0 41,291
VISA INC-CLASS A SHARES EQUITY 92826C839 32,697 285,938 SH   SOLE   938 0 285,000
WADDELL & REED FINANCIAL-A EQUITY 930059100 141 6,273 SH   SOLE   6,273 0 0
Wheeler Real Estate Investment Trust Inc. Cum Conv Pfd Shs Series D EQUITY 963025606 3,138 150,000 SH   SOLE   0 0 150,000
WAL-MART STORES INC EQUITY 931142103 31 311 SH   SOLE   311 0 0
WR BERKLEY CORP EQUITY 084423102 54 752 SH   SOLE   752 0 0
WATSCO INC EQUITY 942622200 39 225 SH   SOLE   225 0 0
WORLD WRESTLING ENTERTAIN-A EQUITY 98156Q108 54 1,780 SH   SOLE   1,780 0 0
VELOCITYSHARES INV VIX SH-TM EQUITY 22542D795 415 3,036 SH   SOLE   3,036 0 0
ENERGY SELECT SECTOR SPDR EQUITY 81369Y506 930 12,835 SH   SOLE   12,835 0 0
FINANCIAL SELECT SECTOR SPDR EQUITY 81369Y605 847 30,119 SH   SOLE   30,119 0 0
INDUSTRIAL SELECT SECT SPDR EQUITY 81369Y704 566 7,467 SH   SOLE   7,467 0 0
SPDR S&P OIL & GAS EXP & PR EQUITY 78464A730 208 5,529 SH   SOLE   5,529 0 0
XPO LOGISTICS INC EQUITY 983793100 61 664 SH   SOLE   664 0 0
Scorpio Tankers Inc 8.25 Notes 2017-01.06.19 Global EQUITY Y7542C122 4,062 160,000 SH   SOLE   0 0 160,000
ZYNGA INC - CL A EQUITY 98986T108 114 28,599 SH   SOLE   28,599 0 0