| 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 |
| Teradyne Inc | NOTE 4.500% 3/1 | 880770AE2 | 16,071 | 50,000 | SH | | DFND | 1 | 16,071 | 0 | 0 |
| Alliance Data Systems Corp | NOTE 4.750% 5/1 | 018581AC2 | 57,042 | 149,890 | SH | | DFND | 1 | 57,042 | 0 | 0 |
| Hertz Global Holdings Inc | NOTE 5.250% 6/0 | 42805TAA3 | 30,075 | 100,000 | SH | | DFND | 1 | 30,075 | 0 | 0 |
| WARNER CHILCOTT | PLC IRELAND SHS A | G94368100 | 910 | 45,812 | SH | | DFND | 1 | 910 | 0 | 0 |
| ABERDEEN ASIA PAC INC FD | COM | 003009107 | 516 | 83,378 | SH | | DFND | 1 | 516 | 0 | 0 |
| ADVSHRS PERITUS HIGH YIELD | TR PERITUS HG YLD | 00768Y503 | 1,683 | 33,742 | SH | | DFND | 1 | 1,683 | 0 | 0 |
| ALERIAN MLP ETF | TR ALERIAN MLP | 00162Q866 | 1,683 | 94,334 | SH | | DFND | 1 | 1,683 | 0 | 0 |
| ALLIANCE NATIONAL MUNI INC | COM | 01864U106 | 425 | 31,610 | SH | | DFND | 1 | 425 | 0 | 0 |
| ALLIANCE WRLD DLR G F II | COM | 01879R106 | 399 | 26,558 | SH | | DFND | 1 | 399 | 0 | 0 |
| AMERICA MOVIL S A DE C V | SHS | 02364W204 | 1,076 | 50,841 | SH | | DFND | 1 | 1,076 | 0 | 0 |
| ANGLOGOLD ASHANTI LTD | FIN MAND BD CV 13 | 03512Q206 | 450 | 26,353 | SH | | DFND | 1 | 450 | 0 | 0 |
| APACHE CORP | CALL | 037411905 | 4,189 | 50,300 | SH | | DFND | 1 | 4,189 | 0 | 0 |
| APACHE CORP | PFD CONV SER D | 037411808 | 4,657 | 97,554 | SH | | DFND | 1 | 4,657 | 0 | 0 |
| BLACKROCK ENH CAP AND INC | COM | 09256A109 | 455 | 36,077 | SH | | DFND | 1 | 455 | 0 | 0 |
| BLACKROCK GLOBAL OPP EQTY TR | COM | 092501105 | 533 | 39,491 | SH | | DFND | 1 | 533 | 0 | 0 |
| BLACKROCK MUNIHOLDINGS CA QU | COM | 09254L107 | 445 | 30,657 | SH | | DFND | 1 | 445 | 0 | 0 |
| CALAMOS CVT AND HIGH INCOME | SHS | 12811P108 | 615 | 49,664 | SH | | DFND | 1 | 615 | 0 | 0 |
| CITIGROUP INC | COM | 172967424 | 497 | 10,377 | SH | | DFND | 1 | 497 | 0 | 0 |
| CLEARBRIDGE ENERGY MLP OPPOR | COM | 18469P100 | 958 | 39,581 | SH | | DFND | 1 | 958 | 0 | 0 |
| CLIFFS NATURAL RESOURCES INC | COM | 18683K101 | 1,293 | 79,618 | SH | | DFND | 1 | 1,293 | 0 | 0 |
| COLONIAL PROPERTIES TRUST | TR COM SH BEN INT | 195872106 | 743 | 30,821 | SH | | DFND | 1 | 743 | 0 | 0 |
| COMCAST CORP NEW CL A SPL PA | NEW CL A SPL | 20030N200 | 1,323 | 33,353 | SH | | DFND | 1 | 1,323 | 0 | 0 |
| COVIDIEN PLC | SHS | G2554F113 | 3,693 | 58,776 | SH | | DFND | 1 | 3,693 | 0 | 0 |
| CURRENCYSHARES JAPANESE YEN | JAPANESE YEN TR JAPANESE YEN | 23130A102 | 5,854 | 59,360 | SH | | DFND | 1 | 5,854 | 0 | 0 |
| DB X-TRACKERS MSCI JAPAN HDG | XTRAK MSCI JAPN | 233051507 | 786 | 23,321 | SH | | DFND | 1 | 786 | 0 | 0 |
| DWS MULTI-MARKET INCOME TRUS | SHS | 23338L108 | 214 | 21,992 | SH | | DFND | 1 | 214 | 0 | 0 |
| DWS MUNICIPAL INCOME TRUST | COM | 23338M106 | 264 | 20,523 | SH | | DFND | 1 | 264 | 0 | 0 |
| EATON VANCE ENHANCED EQ INCM | COM | 278274105 | 424 | 36,720 | SH | | DFND | 1 | 424 | 0 | 0 |
| EATON VANCE LIMITED | COM | 27828H105 | 235 | 14,772 | SH | | DFND | 1 | 235 | 0 | 0 |
| EATON VANCE RISK-MANAGED DIV | COM | 27829G106 | 312 | 28,703 | SH | | DFND | 1 | 312 | 0 | 0 |
| EATON VANCE TAX-MANAGED DIVE | COM | 27828N102 | 384 | 37,830 | SH | | DFND | 1 | 384 | 0 | 0 |
| ENBRIDGE ENERGY MANAGEMENT L | L SHS UNITS LLI | 29250X103 | 690 | 22,798 | SH | | DFND | 1 | 690 | 0 | 0 |
| GAMCO GLOBAL GOLD NATURAL RE | SH BEN INT | 36465A109 | 669 | 68,624 | SH | | DFND | 1 | 669 | 0 | 0 |
| GENERAL MOTORS CO | *W EXP 07/10/201 | 37045V126 | 2,737 | 167,426 | SH | | DFND | 1 | 2,737 | 0 | 0 |
| GENERAL MOTORS CO | *W EXP 07/10/201 | 37045V118 | 286 | 11,956 | SH | | DFND | 1 | 286 | 0 | 0 |
| GENERAL MOTORS CO | PFD CNV SRB | 37045V209 | 3,139 | 65,181 | SH | | DFND | 1 | 3,139 | 0 | 0 |
| H & Q LIFE SCIENCES INVSTRS | SH BEN INT | 404053100 | 303 | 17,031 | SH | | DFND | 1 | 303 | 0 | 0 |
| HANCOCK JOHN PFD EQUITY | FD SH BEN INT | 41013W108 | 452 | 21,764 | SH | | DFND | 1 | 452 | 0 | 0 |
| HEALTH CARE REIT INC | COM | 42217K106 | 889 | 13,277 | SH | | DFND | 1 | 889 | 0 | 0 |
| HUDSON CITY BANCORP INC | COM | 443683107 | 448 | 48,971 | SH | | DFND | 1 | 448 | 0 | 0 |
| INDIA FUND INC | COM | 454089103 | 294 | 15,356 | SH | | DFND | 1 | 294 | 0 | 0 |
| INVESCO DYNAMIC CREDIT OPPO | COM | 46132R104 | 674 | 51,580 | SH | | DFND | 1 | 674 | 0 | 0 |
| INVESCO MUNICIPAL TRUST | COM | 46131J103 | 285 | 22,607 | SH | | DFND | 1 | 285 | 0 | 0 |
| INVESCO VALUE MUNICIPAL INCO | COM | 46132P108 | 382 | 26,867 | SH | | DFND | 1 | 382 | 0 | 0 |
| ISHARES CORE MSCI EMERGING | CORE MSCI EMKT | 46434G103 | 1,800 | 39,095 | SH | | DFND | 1 | 1,800 | 0 | 0 |
| ISHARES INC | MSCI TAIWAN | 464286731 | 708 | 53,270 | SH | | DFND | 1 | 708 | 0 | 0 |
| ISHARES MSCI EAFE SMALL-CAP | MSCI SMALL CAP | 464288273 | 419 | 10,004 | SH | | DFND | 1 | 419 | 0 | 0 |
| ISHARES MSCI MALAYSIA ETF | MSCI MALAYSIA | 464286830 | 278 | 17,907 | SH | | DFND | 1 | 278 | 0 | 0 |
| ISHARES MSCI PACIFIC EX JAPA | MSCI PAC J IDX | 464286665 | 706 | 16,426 | SH | | DFND | 1 | 706 | 0 | 0 |
| KINDER MORGAN ENERGY PARTNER | UT LTD PARTNER | 494550106 | 1,744 | 20,425 | SH | | DFND | 1 | 1,744 | 0 | 0 |
| LENNAR CORP CL B | CL B | 526057302 | 2,311 | 81,528 | SH | | DFND | 1 | 2,311 | 0 | 0 |
| MFS CHARTER INCOME TRUST | TR SH BEN INT | 552727109 | 415 | 44,890 | SH | | DFND | 1 | 415 | 0 | 0 |
| MFS INVESTMENT GRADE MUNICIP | TR SH BEN INT | 59318B108 | 245 | 26,276 | SH | | DFND | 1 | 245 | 0 | 0 |
| NEWS CORP CL A | CL A | 65248E104 | 11,581 | 355,264 | SH | | DFND | 1 | 11,581 | 0 | 0 |
| NEWS CORP CL B | CL B | 65248E203 | 6,019 | 183,408 | SH | | DFND | 1 | 6,019 | 0 | 0 |
| NEXTERA ENERGY INC | UNIT 09/01/2015 | 65339F887 | 645 | 11,626 | SH | | DFND | 1 | 645 | 0 | 0 |
| NUVEEN DIV ADV MUNI 3 | SH BEN INT | 67070X101 | 251 | 19,007 | SH | | DFND | 1 | 251 | 0 | 0 |
| NUVEEN DIVIDEND ADVANTAGE MU | COM | 67071L106 | 419 | 31,403 | SH | | DFND | 1 | 419 | 0 | 0 |
| NUVEEN MUNI VALUE | COM | 670928100 | 514 | 53,747 | SH | | DFND | 1 | 514 | 0 | 0 |
| OFFICE DEPOT INC | COM | 676220106 | 609 | 157,447 | SH | | DFND | 1 | 609 | 0 | 0 |
| OMNICARE CAP TRUST II | TR II PFD B TR 4.00% | 68214Q200 | 7,925 | 134,483 | SH | | DFND | 1 | 7,925 | 0 | 0 |
| PETROLEO BRASILEIRO S.A.-ADR | ADR | 71654V408 | 879 | 65,550 | SH | | DFND | 1 | 879 | 0 | 0 |
| POWERSHARES INDIA PORTFOLIO | TR INDIA PORT | 73935L100 | 326 | 19,680 | SH | | DFND | 1 | 326 | 0 | 0 |
| PPL CORPORATION | UNIT 99/99/9999 | 69351T601 | 2,233 | 42,607 | SH | | DFND | 1 | 2,233 | 0 | 0 |
| ROYAL DUTCH SHELL PLC | PLC SPONS ADR A | 780259206 | 826 | 12,957 | SH | | DFND | 1 | 826 | 0 | 0 |
| SCHWAB EMERGING MARKETS EQUI | ETF | 808524706 | 420 | 18,021 | SH | | DFND | 1 | 420 | 0 | 0 |
| SPDR BARCLAYS HIGH YIELD BD | TRUST BRC HGH YLD BD | 78464A417 | 2,427 | 61,466 | SH | | DFND | 1 | 2,427 | 0 | 0 |
| SPDR BARCLAYS SHORT-TERM HIG | TR SHT TRM HGH YLD | 78468R408 | 464 | 15,396 | SH | | DFND | 1 | 464 | 0 | 0 |
| SPROTT PHYSICAL GOLD TRUST | GOLD TRUST UNIT | 85207H104 | 14,747 | 1,441,611 | SH | | DFND | 1 | 14,747 | 0 | 0 |
| TELECOM ITALIA SPA-SPON ADR | S P A NEW SPON ADR SVGS | 87927Y201 | 250 | 44,906 | SH | | DFND | 1 | 250 | 0 | 0 |
| VALE SA-SP PREF ADR | ADR REPSTG PFD | 91912E204 | 435 | 35,837 | SH | | DFND | 1 | 435 | 0 | 0 |
| VANGUARD FTSE DEVELOPED ETF | ETF | 921943858 | 725 | 20,392 | SH | | DFND | 1 | 725 | 0 | 0 |
| VELOCITYSHARES 2X VIX SH-TRM | AG NASSAU BRH ETN LKD SPVXSP | 22539T852 | 461 | 147,851 | SH | | DFND | 1 | 461 | 0 | 0 |
| VIRGINIA COMMERCE BANCORP | COM | 92778Q109 | 445 | 31,933 | SH | | DFND | 1 | 445 | 0 | 0 |
| WARRANT | *W EXP 12/23/201 | 55261F112 | 407 | 10,764 | SH | | DFND | 1 | 407 | 0 | 0 |
| WHITEWAVE FOODS CO-CL B | CL B | 966244204 | 559 | 36,781 | SH | | DFND | 1 | 559 | 0 | 0 |
| WISDOMTREE INDIA EARNINGS | TRUST INDIA ERNGS FD | 97717W422 | 681 | 42,181 | SH | | DFND | 1 | 681 | 0 | 0 |
| WISDOMTREE JAPAN HEDGED EQ | TRUST JAPN HEDGE EQT | 97717W851 | 5,260 | 115,338 | SH | | DFND | 1 | 5,260 | 0 | 0 |
