OTA Financial 13F-HR Quarterly holdings report by institutional manager

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
ABERDEEN ASIA PAC INC FD	COM	003009107	463	76,529	SH		DFND	1	463	0	0
ALLIANCE DATA SYSTEMS CO	NOTE 4.750% 5/1	018581AC2	66,607	149,890	SH		DFND	1	66,607	0	0
ALLIANCEBERNSTEIN INC FUND	COM	01881E101	1,763	250,471	SH		DFND	1	1,763	0	0
AMERICA MOVIL S A DE C V	SHS	02364W204	632	31,582	SH		DFND	1	632	0	0
ARCELORMITTAL	MAND CV NT 16	L0302D178	315	14,683	SH		DFND	1	315	0	0
BANK OF AMERICA CORP	COM	060505104	266	19,301	SH		DFND	1	266	0	0
BHP BILLITON PLC SP ADR	ADR	05545E209	928	15,776	SH		DFND	1	928	0	0
BLACKROCK BUILD AMERICA BOND	SHS	09248X100	342	18,202	SH		DFND	1	342	0	0
CALAMOS CVT AND HIGH INCOME	SHS	12811P108	208	16,650	SH		DFND	1	208	0	0
CLEARBRIDGE ENERGY MLP FUND	COM	184692101	400	15,036	SH		DFND	1	400	0	0
CLEARBRIDGE ENERGY MLP TOTAL	COM	18469Q108	255	11,690	SH		DFND	1	255	0	0
CLIFFS NATURAL RESOURCES INC	COM	18683K101	947	46,199	SH		DFND	1	947	0	0
COLONIAL PROPERTIES TRUST	TR COM SH BEN INT	195872106	1,436	63,884	SH		DFND	1	1,436	0	0
COMCAST CORP NEW CL A SPL PA	NEW CL A SPL	20030N200	1,149	26,511	SH		DFND	1	1,149	0	0
CURRENCYSHARES BRITISH POUND	BRIT POUND STE	23129S106	1,758	11,013	SH		DFND	1	1,758	0	0
EATON VANCE ENH EQT INC II	COM	278277108	404	34,448	SH		DFND	1	404	0	0
EATON VANCE FLOAT RT INC TR	COM	278279104	313	20,113	SH		DFND	1	313	0	0
ENBRIDGE ENERGY MANAGEMENT L	L SHS UNITS LLI	29250X103	2,193	76,203	SH		DFND	1	2,193	0	0
FIRST TRUST ENERGY INFRASTRU	COM	33738C103	404	18,783	SH		DFND	1	404	0	0
GENERAL MOTORS CO	*W EXP 07/10/201	37045V118	11,771	445,555	SH		DFND	1	11,771	0	0
GENERAL MOTORS CO	*W EXP 07/10/201	37045V126	3,114	167,426	SH		DFND	1	3,114	0	0
GENERAL MOTORS CO	PFD CNV SRB	37045V209	3,774	75,263	SH		DFND	1	3,774	0	0
GENESEE & WYOMING INC	UNIT 10/01/2015	371559204	1,964	15,554	SH		DFND	1	1,964	0	0
GOODYEAR TIRE & RUBBER	PFD CONV 5.875%	382550309	6,662	104,622	SH		DFND	1	6,662	0	0
HARTFORD FINANCIAL SVCS GRP	COM	416515104	745	23,950	SH		DFND	1	745	0	0
HILLTOP HOLDINGS HTH7 1/2 08/15/25 138.072/138.072	NOTE 7.500% 8/1	00828UAB9	1,383	10,000	SH		DFND	1	1,383	0	0
HUDSON CITY BANCORP INC	COM	443683107	257	28,405	SH		DFND	1	257	0	0
ING GLOBAL EQUITY & PR OPPT	COM	45684E107	1,182	130,993	SH		DFND	1	1,182	0	0
INVESCO MUNICIPAL OPPORTUNI	COM	46132C107	231	19,610	SH		DFND	1	231	0	0
INVESCO VALUE MUNICIPAL INCO	COM	46132P108	479	35,375	SH		DFND	1	479	0	0
ISHARES CREDIT BOND ETF	ETF	464288620	2,486	23,204	SH		DFND	1	2,486	0	0
ISHARES MSCI EAFE ETF	ETF	464287465	918	14,400	SH		DFND	1	918	0	0
ISHARES MSCI EMERGING MARKET	ETF	464287234	4,636	113,733	SH		DFND	1	4,636	0	0
ISHARES SILVER TRUST	ISHARES	46428Q109	3,675	175,956	SH		DFND	1	3,675	0	0
JOHN HANCOCK T/A DVD INCOME	COM	41013V100	215	12,408	SH		DFND	1	215	0	0
KINDER MORGAN MANAGEMENT LLC	SHS	49455U100	805	10,740	SH		DFND	1	805	0	0
LIBERTY ALL STAR EQUITY FUND	FD SH BEN INT	530158104	239	44,313	SH		DFND	1	239	0	0
M & T BANK CORP	COM	55261F104	1,156	10,334	SH		DFND	1	1,156	0	0
MARKET VECTORS HI YLD MUNI	ETF	57060U878	686	23,500	SH		DFND	1	686	0	0
METLIFE INC	COM	59156R108	512	10,919	SH		DFND	1	512	0	0
NEWS CORP - CLASS A	CL A	65249B109	230	14,344	SH		DFND	1	230	0	0
NEXTERA ENERGY INC	UNIT 09/01/2015	65339F887	1,329	24,326	SH		DFND	1	1,329	0	0
NUVEEN CREDIT STRATEGIES INC	SHS	67073D102	1,537	164,459	SH		DFND	1	1,537	0	0
NUVEEN DIVIDEND ADVANTAGE MU	COM	67071L106	265	20,933	SH		DFND	1	265	0	0
NUVEEN FLOATING RATE INC FD	COM	67072T108	318	26,631	SH		DFND	1	318	0	0
NUVEEN INS MUNI OPPTY	COM	670984103	490	37,721	SH		DFND	1	490	0	0
NUVEEN NEW YORK AMT-FREE MUN	COM	670656107	311	25,490	SH		DFND	1	311	0	0
NUVEEN PFD & CONV INC FD	COM	67073B106	373	42,998	SH		DFND	1	373	0	0
NUVEEN SEL QUAL MUNI	COM	670973106	445	35,089	SH		DFND	1	445	0	0
OFFICEMAX INC	COM	67622P101	230	18,038	SH		DFND	1	230	0	0
ONYX PHARMACEUTICALS INC	COM	683399109	2,256	18,100	SH		DFND	2	2,256	0	0
PAA NATURAL GAS STORAGE LP	COM UNIT LTD	693139107	476	20,445	SH		DFND	1	476	0	0
PETROLEO BRASILEIRO S.A.-ADR	ADR	71654V408	1,538	99,338	SH		DFND	1	1,538	0	0
PIMCO MUNI INCOME FD II	COM	72200W106	520	47,214	SH		DFND	1	520	0	0
PIONEER SOUTHWEST ENERGY PAR	PRTNR UNIT LP INT	72388B106	1,227	27,760	SH		DFND	1	1,227	0	0
POWERSHARES INDIA PORTFOLIO	ETF TR INDIA PORT	73935L100	1,091	68,316	SH		DFND	1	1,091	0	0
ROYAL DUTCH SHELL PLC	PLC SPONS ADR A	780259206	686	10,454	SH		DFND	1	686	0	0
SPDR BARCLAYS SHORT-TERM HIG	SHT TRM HGH YLD	78468R408	442	14,480	SH		DFND	1	442	0	0
SPDR NUVEEN BARCLAYS MUNI	NUVN BRCLY MUNI	78464A458	284	12,452	SH		DFND	1	284	0	0
SPDR S&P INTL SMALL CAP	S&P INTL SMLCP	78463X871	346	10,585	SH		DFND	1	346	0	0
SPROTT PHYSICAL GOLD TRUST	GOLD TRUST UNIT	85207H104	9,057	822,184	SH		DFND	1	9,057	0	0
STERLING FINL CORP/SPOKANE	COM	859319303	541	18,895	SH		DFND	1	541	0	0
TERASDYNE INC	NOTE 4.500% 3/1	880770AE2	15,090	50,000	SH		DFND	1	15,090	0	0
TWENTY-FIRST CENTURY FOX - B	CL B	90130A200	454	13,596	SH		DFND	1	454	0	0
VALE SA-SP ADR	ADR	91912E105	946	60,628	SH		DFND	1	946	0	0
VANGUARD EMERG MARKETS VIPER	ETF	922042858	5,441	135,653	SH		DFND	1	5,441	0	0
VANGUARD FTSE DEVELOPED ETF	ETF	921943858	858	21,681	SH		DFND	1	858	0	0
VELOCITYSHARES 2X VIX SH-TRM	BRH EXCHTRADE SHTERM	22539T613	242	15,900	SH		DFND	1	242	0	0
WARNER CHILCOTT PLC CL A COM CL A	PLC IRELAND SHS A	G94368100	1,262	55,273	SH		DFND	1	1,262	0	0
WEYERHAEUSER CO	COM	962166104	2,268	79,223	SH		DFND	1	2,268	0	0
WHITEWAVE FOODS CO-CL B	CL B	966244204	248	12,296	SH		DFND	1	248	0	0