| 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 |
| ALERE INC | COM | 01449J105 | 950 | 22,800 | SH | | DFND | 1 | 950 | 0 | 0 |
| ALLIANCE NATIONAL MUNI INC | COM | 01864U106 | 252 | 16,733 | SH | | DFND | 2 | 252 | 0 | 0 |
| AMERICA MOVIL S A DE C V | SHS | 02364W204 | 435 | 35,730 | SH | | DFND | 2 | 435 | 0 | 0 |
| BHP BILLITON LTD ADR | ADR | 088606108 | 471 | 16,511 | SH | | DFND | 2 | 471 | 0 | 0 |
| BLACKROCK MUN INC TR SBI | TR SH BEN INT | 09248F109 | 212 | 13,440 | SH | | DFND | 2 | 212 | 0 | 0 |
| BLACKROCK INTERNATIONAL GROW | COM BENE INTER | 092524107 | 489 | 85,114 | SH | | DFND | 2 | 489 | 0 | 0 |
| BLACKROCK MUNI INTERM DURATI | COM | 09253X102 | 249 | 16,376 | SH | | DFND | 2 | 249 | 0 | 0 |
| BLACKROCK FLOAT RT INCOME ST | COM | 09255X100 | 230 | 17,558 | SH | | DFND | 2 | 230 | 0 | 0 |
| BLACKROCK MUNICIPAL 2030 TAR | COM SHS BEN IN | 09257P105 | 268 | 11,109 | SH | | DFND | 2 | 268 | 0 | 0 |
| CBRE CLARION GL R/E INCOME F | COM | 12504G100 | 403 | 49,000 | SH | | DFND | 2 | 403 | 0 | 0 |
| CARNIVAL PLC-ADR | ADR | 14365C103 | 2,151 | 48,025 | SH | | DFND | 2 | 2,151 | 0 | 0 |
| COUSINS PROPERTIES INC | COM | 222795106 | 240 | 23,116 | SH | | DFND | 2 | 240 | 0 | 0 |
| DOMINION RESOURCES INC | NEW UNIT 07/01/2016 | 25746U885 | 664 | 11,057 | SH | | DFND | 2 | 664 | 0 | 0 |
| DOW CHEMICAL CO | COM | 260543103 | 1,447 | 29,116 | SH | | DFND | 2 | 1,447 | 0 | 0 |
| EPR PROPERTIES | PFD 9% SR E | 26884U307 | 1,080 | 28,880 | SH | | DFND | 2 | 1,080 | 0 | 0 |
| EATON VANCE ENHANCED EQ INCM | COM | 278274105 | 285 | 22,414 | SH | | DFND | 2 | 285 | 0 | 0 |
| EATON VANCE FLOAT RT INC TR | COM | 278279104 | 356 | 26,563 | SH | | DFND | 2 | 356 | 0 | 0 |
| EATON VANCE TAX-MANAGED GLOB | COM | 27829F108 | 227 | 26,563 | SH | | DFND | 2 | 227 | 0 | 0 |
| ENVISION HEALTHCARE HOLDINGS | COM | 29413U103 | 267 | 10,551 | SH | | DFND | 2 | 267 | 0 | 0 |
| FIRST NIAGARA FINANCIAL GRP | COM | 33582V108 | 920 | 94,485 | SH | | DFND | 2 | 920 | 0 | 0 |
| FIRST TRUST HIGH INCOME LONG | COM | 33738E109 | 303 | 20,468 | SH | | DFND | 2 | 303 | 0 | 0 |
| FIRST TRUST ENERGY INCOME AN | COM | 33738G104 | 291 | 11,447 | SH | | DFND | 2 | 291 | 0 | 0 |
| FIRSTMERIT CORP | COM | 337915102 | 2,119 | 104,548 | SH | | DFND | 2 | 2,119 | 0 | 0 |
| FRONTIER COMMUNICATIONS | PFD CONV SER-A | 35906A207 | 1,125 | 11,866 | SH | | DFND | 2 | 1,125 | 0 | 0 |
| GENERAL MOTORS CO | *W EXP 07/10/201 | 37045V118 | 551 | 29,915 | SH | | DFND | 2 | 551 | 0 | 0 |
| HATTERAS FINANCIAL CORP | COM | 41902R103 | 1,798 | 109,674 | SH | | DFND | 2 | 1,798 | 0 | 0 |
| ISHARES INC | ETF | 464286731 | 241 | 17,185 | SH | | DFND | 2 | 241 | 0 | 0 |
| ISHARES CHINA LARGE-CAP ETF | ETF | 464287184 | 363 | 10,626 | SH | | DFND | 2 | 363 | 0 | 0 |
| JPMORGAN CHASE & CO | *W EXP 10/28/201 | 46634E114 | 17,958 | 886,856 | SH | | DFND | 2 | 17,958 | 0 | 0 |
| KINDER MORGAN INC | COM | 49456B101 | 431 | 23,055 | SH | | DFND | 1 2 | 431 | 0 | 0 |
| LIBERTY BROADBAND-A | COM SER A | 530307107 | 1,416 | 23,852 | SH | | DFND | 2 | 1,416 | 0 | 0 |
| LIBERTY BROADBAND-C | COM SER C | 530307305 | 2,040 | 34,009 | SH | | DFND | 2 | 2,040 | 0 | 0 |
| LIBERTY SIRIUSXM GROUP-A | COM A SIRIUSXM | 531229409 | 6,506 | 207,462 | SH | | DFND | 2 | 6,506 | 0 | 0 |
| LIBERTY SIRIUS GROUP-C | COM C SIRIUSXM | 531229607 | 5,096 | 165,087 | SH | | DFND | 2 | 5,096 | 0 | 0 |
| LIBERTY MEDIA GROUP-A | COM A MEDIA GRP | 531229870 | 534 | 27,937 | SH | | DFND | 2 | 534 | 0 | 0 |
| LIBERTY TRIPADVISOR HDG-A | COM SER A | 531465102 | 255 | 11,682 | SH | | DFND | 2 | 255 | 0 | 0 |
| NRG YIELD INC-CLASS C | CL C | 62942X405 | 227 | 14,562 | SH | | DFND | 2 | 227 | 0 | 0 |
| NEXTERA ENERGY INC | UNIT 09/01/2016 | 65339F861 | 37,679 | 564,826 | SH | | DFND | 2 | 37,679 | 0 | 0 |
| NORTHSTAR REALTY FINANCE | COM | 66704R803 | 1,275 | 111,591 | SH | | DFND | 2 | 1,275 | 0 | 0 |
| NORTHSTAR ASSET MANAGEMENT | COM | 66705Y104 | 1,356 | 132,890 | SH | | DFND | 2 | 1,356 | 0 | 0 |
| NUVEEN AMT-FREE MUNI INC FD | COM | 670657105 | 373 | 24,898 | SH | | DFND | 2 | 373 | 0 | 0 |
| NUVEEN PFD & CONV INC FD | COM | 67073B106 | 447 | 44,674 | SH | | DFND | 2 | 447 | 0 | 0 |
| PNC FINANCIAL SERVICES GROUP | *W EXP 12/31/201 | 693475121 | 1,423 | 81,725 | SH | | DFND | 2 | 1,423 | 0 | 0 |
| PEOPLES UNITED FINANCIAL | COM | 712704105 | 472 | 32,212 | SH | | DFND | 2 | 472 | 0 | 0 |
| PETROLEO BRASILEIRO SA | ADR | 71654V408 | 305 | 42,618 | SH | | DFND | 2 | 305 | 0 | 0 |
| POWERSHARES FDMNL H/Y CORP B | TR II FDM HG YLD RAFI | 73936T557 | 291 | 15,860 | SH | | DFND | 2 | 291 | 0 | 0 |
| PRIVATEBANCORP INC | COM | 742962103 | 1,494 | 33,935 | SH | | DFND | 2 | 1,494 | 0 | 0 |
| PRUDENTIAL GL SH DUR HI YLD | COM | 74433A109 | 315 | 20,993 | SH | | DFND | 2 | 315 | 0 | 0 |
| PUTNAM MANAGED MUNI INCM TRS | COM | 746823103 | 308 | 38,331 | SH | | DFND | 2 | 308 | 0 | 0 |
| RAMCO-GERSHENSON PROPERT | TR PERP PFD-D CV | 751452608 | 5,576 | 79,077 | SH | | DFND | 2 | 5,576 | 0 | 0 |
| ROSE ROCK MIDSTREAM LP | COM U REP LTD | 777149105 | 399 | 15,120 | SH | | DFND | 2 | 399 | 0 | 0 |
| SPDR BARCLAYS HIGH YIELD BD | BRC HGH YLD BD | 78464A417 | 1,175 | 32,943 | SH | | DFND | 2 | 1,175 | 0 | 0 |
| SPDR BARCLAYS AGGREGATE BOND | ETF | 78464A649 | 716 | 12,059 | SH | | DFND | 2 | 716 | 0 | 0 |
| STARZ - A | COM SER A | 85571Q102 | 2,729 | 91,219 | SH | | DFND | 2 | 2,729 | 0 | 0 |
| TEKLA HEALTHCARE INVESTORS | SH BEN INT | 87911J103 | 268 | 11,471 | SH | | DFND | 2 | 268 | 0 | 0 |
| TEMPLETON GLBL INC F INC | COM | 880198106 | 362 | 56,926 | SH | | DFND | 2 | 362 | 0 | 0 |
| TORTOISE MLP FUND INC | COM | 89148B101 | 727 | 39,439 | SH | | DFND | 2 | 727 | 0 | 0 |
| UNDER ARMOUR INC-CLASS C | CL C | 904311206 | 4,302 | 118,198 | SH | | DFND | 2 | 4,302 | 0 | 0 |
| VANECK VECTORS INDONESIA IND | TR INDONESIA INDEX | 92189F833 | 265 | 12,179 | SH | | DFND | 2 | 265 | 0 | 0 |
| VANGUARD FTSE DEVELOPED ETF | ETF | 921943858 | 1,117 | 31,593 | SH | | DFND | 2 | 1,117 | 0 | 0 |
| VECTOR GROUP LTD CONV VAR%JAN 15 2019 | FRNT 1/1 | 92240MAY4 | 2,899 | 20,000 | SH | | DFND | 2 | 2,899 | 0 | 0 |
| VOYA GLOBAL EQUITY DIVIDEND | COM | 92912T100 | 225 | 32,598 | SH | | DFND | 2 | 225 | 0 | 0 |
| WELLS FARGO & CO | *W EXP 10/28/201 | 949746119 | 2,481 | 182,166 | SH | | DFND | 2 | 2,481 | 0 | 0 |
| WESTERN ASSET HIGH INC FD II | COM | 95766J102 | 205 | 29,567 | SH | | DFND | 2 | 205 | 0 | 0 |
| WESTERN GAS EQUITY PARTNERS | COMUNT LTD PT | 95825R103 | 459 | 12,000 | SH | | DFND | 2 | 459 | 0 | 0 |
| WEYERHAEUSER CO | CONV SER A | 962166872 | 1,991 | 39,533 | SH | | DFND | 2 | 1,991 | 0 | 0 |
| WISDOMTREE INDIA EARNINGS | TR INDIA ERNGS FD | 97717W422 | 242 | 11,990 | SH | | DFND | 2 | 242 | 0 | 0 |
| ZILLOW GROUP INC - A | CL A | 98954M101 | 1,939 | 52,926 | SH | | DFND | 2 | 1,939 | 0 | 0 |
| LIBERTY GLOBAL PLC-A | CL A | G5480U104 | 1,000 | 34,425 | SH | | DFND | 2 | 1,000 | 0 | 0 |
| LIBERTY GLOBAL PLC LILAC - C | CL C | G5480U153 | 668 | 20,582 | SH | | DFND | 2 | 668 | 0 | 0 |
| TYCO INTERNATIONAL PLC | SHS | G91442106 | 2,514 | 59,033 | SH | | DFND | 2 | 2,514 | 0 | 0 |
