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

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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
BERKSHIRE HATHAWAY INC DEL CL A 084670108 390 2 SH   DFND 1 2 0 0
COMCAST CORP NEW CL A 20030N101 318 5,597 SH   DFND 1 5,597 0 0
CREDIT SUISSE AG NASSAU BRH VELSHS DLY SHTRM 22539T423 255 20,911 SH   DFND 1 20,911 0 0
CREDIT SUISSE NASSAU BRH INVRS VIX STERM 22542D795 516 21,191 SH   DFND 1 21,191 0 0
DIREXION SHS ETF TR 20YR TRES BULL 25459W540 270 3,399 SH   DFND 1 3,399 0 0
DIREXION SHS ETF TR 20YR TRES BEAR 25459Y678 335 12,169 SH   DFND 1 12,169 0 0
DIREXION SHS ETF TR SP BIOTCH BR3X 25490K745 286 5,000 SH   DFND 1 5,000 0 0
DIREXION SHS ETF TR DLY JR GMNR BEAR 25459Y561 229 23,714 SH   DFND 1 23,714 0 0
DIREXION SHS ETF TR DLY SMCAP BULL3X 25459W847 473 8,020 SH   DFND 1 8,020 0 0
DIREXION SHS ETF TR FTSE CHIN BEAR 25490K836 1,146 10,072 SH   DFND 1 10,072 0 0
DIREXION SHS ETF TR DRX S&P500BULL 25459W862 402 5,818 SH   DFND 1 5,818 0 0
DIREXION SHS ETF TR DLY SC BEAR3XNEW 25459Y488 451 34,035 SH   DFND 1 34,035 0 0
GOOGLE INC CL C 38259P706 1,000 1,644 SH   DFND 1 1,644 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 3,339 94,143 SH   DFND 1 94,143 0 0
ISHARES TR CORE S&P500 ETF 464287200 434 2,253 SH   DFND 1 2,253 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 4,002 36,647 SH   DFND 1 36,647 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 291 8,876 SH   DFND 1 8,876 0 0
LMP REAL ESTATE INCOME FD IN COM 50208C108 337 27,472 SH   DFND 1 27,472 0 0
MARKET VECTORS ETF TR RUSSIA ETF 57060U506 394 25,101 SH   DFND 1 25,101 0 0
MARKET VECTORS ETF TR JR GOLD MINERS E 57061R544 467 23,861 SH   DFND 1 23,861 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 1,253 12,315 SH   DFND 1 12,315 0 0
PROSHARES TR ULTR 7-10 TREA 74347R180 219 3,766 SH   DFND 1 3,766 0 0
PROSHARES TR ULTSHT RUSS2000 74348A319 488 11,257 SH   DFND 1 11,257 0 0
PROSHARES TR SHORT QQQ NEW 74347B714 215 3,705 SH   DFND 1 3,705 0 0
PROSHARES TR ULTPRO SHT RUSS 74348A335 416 12,082 SH   DFND 1 12,082 0 0
PROSHARES TR SHRT RUSSELL2000 74348A210 634 9,747 SH   DFND 1 9,747 0 0
PROSHARES TR II ULT VIX SHRT 74347W312 2,322 41,501 SH   DFND 1 41,501 0 0
PROSHARES TR II SHT VIX ST TRM 74347W627 331 6,939 SH   DFND 1 6,939 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 223 2,086 SH   DFND 1 2,086 0 0
SPDR SERIES TRUST S&P BIOTECH 78464A870 878 14,105 SH   DFND 1 14,105 0 0
T MOBILE US INC CONV PFD SER A 872590203 504 7,300 SH   DFND 1 7,300 0 0
T MOBILE US INC PUT 872590954 358 9,000 SH Put DFND 1 9,000 0 0
YAHOO INC COM 984332106 1,299 44,923 SH   DFND 1 44,923 0 0