<SEC-DOCUMENT>0001104659-14-074844-index.html : 20141029
<SEC-HEADER>0001104659-14-074844.hdr.sgml : 20141029
<ACCEPTANCE-DATETIME>20141029161755
ACCESSION NUMBER:		0001104659-14-074844
CONFORMED SUBMISSION TYPE:	425
PUBLIC DOCUMENT COUNT:		28
FILED AS OF DATE:		20141029
DATE AS OF CHANGE:		20141029

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SWS GROUP INC
		CENTRAL INDEX KEY:			0000878520
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				752040825
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		425
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-19483
		FILM NUMBER:		141180406

	BUSINESS ADDRESS:	
		STREET 1:		SUITE 3500
		STREET 2:		1201 ELM STREET
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75270
		BUSINESS PHONE:		2146511800

	MAIL ADDRESS:	
		STREET 1:		SUITE 3500
		STREET 2:		1201 ELM STREET
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75270

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SOUTHWEST SECURITIES GROUP INC
		DATE OF NAME CHANGE:	19930328

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Hilltop Holdings Inc.
		CENTRAL INDEX KEY:			0001265131
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				841477939
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		425

	BUSINESS ADDRESS:	
		STREET 1:		200 CRESCENT COURT
		STREET 2:		SUITE 1330
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75201
		BUSINESS PHONE:		214.855.2177

	MAIL ADDRESS:	
		STREET 1:		200 CRESCENT COURT
		STREET 2:		SUITE 1330
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75201

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AFFORDABLE RESIDENTIAL COMMUNITIES INC
		DATE OF NAME CHANGE:	20030929
</SEC-HEADER>
<DOCUMENT>
<TYPE>425
<SEQUENCE>1
<FILENAME>a14-23091_1425.htm
<DESCRIPTION>PROSPECTUSES AND COMMUNICATIONS RE: BUSINESS COMBINATION TRANSACTIONS
<TEXT>
Document 1 - file: a14-23091_1425.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g230911bei001.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 2 - file: g230911bei001.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g230911bei002.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 3 - file: g230911bei002.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g230911bei003.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 4 - file: g230911bei003.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>g230911bei004.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 5 - file: g230911bei004.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>g230911bei005.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 6 - file: g230911bei005.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>g230911bei006.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 7 - file: g230911bei006.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>g230911bei007.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 8 - file: g230911bei007.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>g230911bei008.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 9 - file: g230911bei008.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>g230911bei009.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 10 - file: g230911bei009.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>g230911bei010.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 11 - file: g230911bei010.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>12
<FILENAME>g230911bei011.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 12 - file: g230911bei011.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>13
<FILENAME>g230911bei012.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 13 - file: g230911bei012.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>14
<FILENAME>g230911bei013.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 14 - file: g230911bei013.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>15
<FILENAME>g230911bei014.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 15 - file: g230911bei014.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>16
<FILENAME>g230911bei015.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 16 - file: g230911bei015.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>17
<FILENAME>g230911bei016.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 17 - file: g230911bei016.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>18
<FILENAME>g230911bei017.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 18 - file: g230911bei017.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>19
<FILENAME>g230911bei018.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 19 - file: g230911bei018.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>20
<FILENAME>g230911bei019.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 20 - file: g230911bei019.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>21
<FILENAME>g230911bei020.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 21 - file: g230911bei020.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>22
<FILENAME>g230911bei021.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 22 - file: g230911bei021.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>23
<FILENAME>g230911bei022.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 23 - file: g230911bei022.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>24
<FILENAME>g230911bei023.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 24 - file: g230911bei023.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>25
<FILENAME>g230911bei024.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 25 - file: g230911bei024.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>26
<FILENAME>g230911bei025.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 26 - file: g230911bei025.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>27
<FILENAME>g230911bei026.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 27 - file: g230911bei026.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>28
<FILENAME>g230911bei027.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 28 - file: g230911bei027.gif

</DOCUMENT>
</SEC-DOCUMENT>