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 |
AETNA INC NEW | COM | 00817Y108 | 7,345,083 | 65,018 | SH | | SOLE | | 65,018 | 0 | 0 |
AFLAC INC | COM | 001055102 | 51,240 | 800 | SH | | SOLE | | 800 | 0 | 0 |
ALLSTATE CORP | COM | 020002101 | 973 | 14 | SH | | SOLE | | 14 | 0 | 0 |
ALTRIA GROUP INC | COM | 02209S103 | 55,754 | 1,025 | SH | | SOLE | | 1,025 | 0 | 0 |
AMERICAN SCIENCE & ENGR INC | COM | 029429107 | 1,654 | 37 | SH | | SOLE | | 37 | 0 | 0 |
ANADARKO PETE CORP | COM | 032511107 | 11,153 | 150 | SH | | SOLE | | 150 | 0 | 0 |
ANNALY CAP MGMT INC | COM | 035710409 | 6,965 | 700 | SH | | SOLE | | 700 | 0 | 0 |
APPLE INC | COM | 037833100 | 360,793 | 2,974 | SH | | SOLE | | 2,974 | 0 | 0 |
APPLIED MATLS INC | COM | 038222105 | 8,570 | 494 | SH | | SOLE | | 494 | 0 | 0 |
ARCHER DANIELS MIDLAND CO | COM | 039483102 | 4,742 | 100 | SH | | SOLE | | 100 | 0 | 0 |
BLACKROCK MUNIHLDGS NJ QLTY | COM | 09254X101 | 57,028 | 4,200 | SH | | SOLE | | 4,200 | 0 | 0 |
BLACKROCK MUNIHLDGS NY QLTY | COM | 09255C106 | 28,904 | 2,069 | SH | | SOLE | | 2,069 | 0 | 0 |
BLACKROCK MUNIHLDS INVSTM QL | COM | 09254P108 | 134,330 | 9,500 | SH | | SOLE | | 9,500 | 0 | 0 |
BLDRS INDEX FDS TR | EMER MK 50 ADR | 09348R300 | 12,418 | 380 | SH | | SOLE | | 380 | 0 | 0 |
BOSTON PROPERTIES INC | COM | 101121101 | 20,711 | 168 | SH | | SOLE | | 168 | 0 | 0 |
BROCADE COMMUNICATIONS SYS I | COM NEW | 111621306 | 5,368,186 | 523,215 | SH | | SOLE | | 523,215 | 0 | 0 |
BROOKFIELD ASSET MGMT INC | CL A LTD VT SH | 112585104 | 326,531 | 9,375 | SH | | SOLE | | 9,375 | 0 | 0 |
BROOKFIELD PPTY PARTNERS L P | UNIT LTD PARTN | G16249107 | 7,296 | 358 | SH | | SOLE | | 358 | 0 | 0 |
CAMECO CORP | COM | 13321L108 | 6,865 | 500 | SH | | SOLE | | 500 | 0 | 0 |
CELANESE CORP DEL | COM SER A | 150870103 | 6,592 | 100 | SH | | SOLE | | 100 | 0 | 0 |
CHEMOURS CO | COM | 163851108 | 622 | 57 | SH | | SOLE | | 57 | 0 | 0 |
CHENIERE ENERGY PARTNERS LP | COM UNIT | 16411Q101 | 5,103 | 170 | SH | | SOLE | | 170 | 0 | 0 |
CHEVRON CORP NEW | COM | 166764100 | 48,664 | 550 | SH | | SOLE | | 550 | 0 | 0 |
CHUBB CORP | COM | 171232101 | 32,947 | 265 | SH | | SOLE | | 265 | 0 | 0 |
COLGATE PALMOLIVE CO | COM | 194162103 | 11,427 | 168 | SH | | SOLE | | 168 | 0 | 0 |
COMPANIA DE MINAS BUENAVENTU | SPONSORED ADR | 204448104 | 712 | 100 | SH | | SOLE | | 100 | 0 | 0 |
CONOCOPHILLIPS | COM | 20825C104 | 10,068 | 200 | SH | | SOLE | | 200 | 0 | 0 |
CONSOLIDATED EDISON INC | COM | 209115104 | 39,617 | 623 | SH | | SOLE | | 623 | 0 | 0 |
DELTA AIR LINES INC DEL | COM NEW | 247361702 | 4,580,854 | 103,312 | SH | | SOLE | | 103,312 | 0 | 0 |
DIAGEO P L C | SPON ADR NEW | 25243Q205 | 14,600 | 130 | SH | | SOLE | | 130 | 0 | 0 |
DISNEY WALT CO | COM DISNEY | 254687106 | 187,409 | 1,562 | SH | | SOLE | | 1,562 | 0 | 0 |
DRYSHIPS INC | SHS | Y2109Q101 | 3,045 | 5,780 | SH | | SOLE | | 5,780 | 0 | 0 |
DU PONT E I DE NEMOURS & CO | COM | 263534109 | 15,904 | 285 | SH | | SOLE | | 285 | 0 | 0 |
EATON VANCE MUN BD FD | COM | 27827X101 | 113,868 | 9,250 | SH | | SOLE | | 9,250 | 0 | 0 |
EATON VANCE SR FLTNG RTE TR | COM | 27828Q105 | 40,533 | 2,950 | SH | | SOLE | | 2,950 | 0 | 0 |
EATON VANCE TAX MNGD GBL DV | COM | 27829F108 | 3,306 | 335 | SH | | SOLE | | 335 | 0 | 0 |
EBAY INC | COM | 278642103 | 9,814 | 349 | SH | | SOLE | | 349 | 0 | 0 |
EMPIRE ST RLTY OP L P | UNIT LTD PRTNSP | 292102100 | 606,666 | 34,411 | SH | | SOLE | | 34,411 | 0 | 0 |
ENBRIDGE ENERGY MANAGEMENT L | SHS UNITS LLI | 29250X103 | 11,358,487 | 358,312 | SH | | SOLE | | 358,312 | 0 | 0 |
EXXON MOBIL CORP | COM | 30231G102 | 10,926 | 138 | SH | | SOLE | | 138 | 0 | 0 |
FIDELITY NATIONAL FINANCIAL | FNFV GROUP COM | 31620R402 | 1,194 | 82 | SH | | SOLE | | 82 | 0 | 0 |
FORTRESS INVESTMENT GROUP LL | CL A | 34958B106 | 684 | 100 | SH | | SOLE | | 100 | 0 | 0 |
FRANKLIN STREET PPTYS CORP | COM | 35471R106 | 9,330 | 793 | SH | | SOLE | | 793 | 0 | 0 |
GENERAL ELECTRIC CO | COM | 369604103 | 28,084 | 1,076 | SH | | SOLE | | 1,076 | 0 | 0 |
GILEAD SCIENCES INC | COM | 375558103 | 141,432 | 1,200 | SH | | SOLE | | 1,200 | 0 | 0 |
GLOBAL EAGLE ENTMT INC | COM | 37951D102 | 4,043,058 | 325,528 | SH | | SOLE | | 325,528 | 0 | 0 |
GOLAR LNG LTD BERMUDA | SHS | G9456A100 | 4,307 | 100 | SH | | SOLE | | 100 | 0 | 0 |
GOLDMAN SACHS GROUP INC | COM | 38141G104 | 51,268 | 250 | SH | | SOLE | | 250 | 0 | 0 |
GOOGLE INC | CL A | 38259P508 | 113,748 | 173 | SH | | SOLE | | 173 | 0 | 0 |
GOOGLE INC | CL C | 38259P706 | 78,201 | 125 | SH | | SOLE | | 125 | 0 | 0 |
HCA HOLDINGS INC | COM | 40412C101 | 5,600,597 | 60,215 | SH | | SOLE | | 60,215 | 0 | 0 |
HEALTHSOUTH CORP | COM NEW | 421924309 | 8,516,606 | 186,359 | SH | | SOLE | | 186,359 | 0 | 0 |
INDUSTRIAS BACHOCO S A B DE | SPON ADR B | 456463108 | 14,273 | 250 | SH | | SOLE | | 250 | 0 | 0 |
INTEL CORP | COM | 458140100 | 36,876 | 1,274 | SH | | SOLE | | 1,274 | 0 | 0 |
ISHARES TR | TIPS BD ETF | 464287176 | 68,717 | 610 | SH | | SOLE | | 610 | 0 | 0 |
ISHARES TR | CORE US AGGBD ET | 464287226 | 50,042 | 457 | SH | | SOLE | | 457 | 0 | 0 |
ISHARES TR | NAT AMT FREE BD | 464288414 | 113,012 | 1,035 | SH | | SOLE | | 1,035 | 0 | 0 |
ISHARES TR | U.S. PFD STK ETF | 464288687 | 113,580 | 2,874 | SH | | SOLE | | 2,874 | 0 | 0 |
ISHARES TR | USA MIN VOL ETF | 46429B697 | 123,513 | 2,945 | SH | | SOLE | | 2,945 | 0 | 0 |
JOHNSON & JOHNSON | COM | 478160104 | 80,669 | 805 | SH | | SOLE | | 805 | 0 | 0 |
JPMORGAN CHASE & CO | COM | 46625H100 | 4,180 | 61 | SH | | SOLE | | 61 | 0 | 0 |
JUNIPER NETWORKS INC | COM | 48203R104 | 42,630 | 1,500 | SH | | SOLE | | 1,500 | 0 | 0 |
KINDER MORGAN INC DEL | COM | 49456B101 | 762 | 22 | SH | | SOLE | | 22 | 0 | 0 |
LEUCADIA NATL CORP | COM | 527288104 | 6,350 | 270 | SH | | SOLE | | 270 | 0 | 0 |
LIBERTY BROADBAND CORP | COM SER A | 530307107 | 1,511 | 28 | SH | | SOLE | | 28 | 0 | 0 |
LIBERTY BROADBAND CORP | COM SER C | 530307305 | 4,015 | 75 | SH | | SOLE | | 75 | 0 | 0 |
LIBERTY MEDIA CORP DELAWARE | COM SER C | 531229300 | 8,671 | 230 | SH | | SOLE | | 230 | 0 | 0 |
LIFEPOINT HEALTH INC | COM | 53219L109 | 6,228,503 | 75,169 | SH | | SOLE | | 75,169 | 0 | 0 |
LINN ENERGY LLC | UNIT LTD LIAB | 536020100 | 4,040 | 1,000 | SH | | SOLE | | 1,000 | 0 | 0 |
MARKET VECTORS ETF TR | BRAZL SMCP ETF | 57060U613 | 35,868 | 2,510 | SH | | SOLE | | 2,510 | 0 | 0 |
MCCORMICK & CO INC | COM NON VTG | 579780206 | 86,111 | 1,050 | SH | | SOLE | | 1,050 | 0 | 0 |
MCKESSON CORP | COM | 58155Q103 | 44,114 | 200 | SH | | SOLE | | 200 | 0 | 0 |
MEDLEY CAP CORP | COM | 58503F106 | 3,502,524 | 402,589 | SH | | SOLE | | 402,589 | 0 | 0 |
MEMORIAL PRODTN PARTNERS LP | COM U REP LTD | 586048100 | 7,476,345 | 716,125 | SH | | SOLE | | 716,125 | 0 | 0 |
MERCK & CO INC NEW | COM | 58933Y105 | 26,545 | 450 | SH | | SOLE | | 450 | 0 | 0 |
MIDCOAST ENERGY PARTNERS L P | COM UT LTD PTN | 59564N103 | 12,810 | 1,000 | SH | | SOLE | | 1,000 | 0 | 0 |
NIKE INC | CL B | 654106103 | 11,522 | 100 | SH | | SOLE | | 100 | 0 | 0 |
NOVARTIS A G | SPONSORED ADR | 66987V109 | 46,688 | 450 | SH | | SOLE | | 450 | 0 | 0 |
NUMEREX CORP PA | CL A | 67053A102 | 20,304 | 2,400 | SH | | SOLE | | 2,400 | 0 | 0 |
NUVEEN CONN PREM INCOME MUN | COM | 67060D107 | 56,349 | 4,559 | SH | | SOLE | | 4,559 | 0 | 0 |
NUVEEN MUN VALUE FD INC | COM | 670928100 | 48,700 | 5,000 | SH | | SOLE | | 5,000 | 0 | 0 |
NUVEEN PFD INCOME OPPRTNY FD | COM | 67073B106 | 386,485 | 42,055 | SH | | SOLE | | 42,055 | 0 | 0 |
NUVEEN PREM INCOME MUN FD | COM | 67062T100 | 59,715 | 4,500 | SH | | SOLE | | 4,500 | 0 | 0 |
NUVEEN PREM INCOME MUN FD 4 | COM | 6706K4105 | 3,180 | 240 | SH | | SOLE | | 240 | 0 | 0 |
NUVEEN QUALITY PFD INCOME FD | COM | 67072C105 | 564,694 | 62,191 | SH | | SOLE | | 62,191 | 0 | 0 |
NUVEEN SELECT TAX FREE INCM | SH BEN INT | 67063X100 | 29,841 | 2,175 | SH | | SOLE | | 2,175 | 0 | 0 |
OFS CAP CORP | COM | 67103B100 | 5,460 | 500 | SH | | SOLE | | 500 | 0 | 0 |
ONE GAS INC | COM | 68235P108 | 1,126 | 25 | SH | | SOLE | | 25 | 0 | 0 |
ONEOK INC NEW | COM | 682680103 | 3,779 | 100 | SH | | SOLE | | 100 | 0 | 0 |
ORACLE CORP | COM | 68389X105 | 26,999 | 676 | SH | | SOLE | | 676 | 0 | 0 |
PAYPAL HLDGS INC | COM | 70450Y103 | 13,506 | 349 | SH | | SOLE | | 349 | 0 | 0 |
PEPSICO INC | COM | 713448108 | 13,255 | 138 | SH | | SOLE | | 138 | 0 | 0 |
PHILIP MORRIS INTL INC | COM | 718172109 | 26,343 | 308 | SH | | SOLE | | 308 | 0 | 0 |
POWERSHARES ETF TR II | KBW BK PORT | 73937B746 | 62,850 | 1,558 | SH | | SOLE | | 1,558 | 0 | 0 |
POWERSHARES GLOBAL ETF TRUST | WK VRDO TX FR | 73936T433 | 251,369 | 10,083 | SH | | SOLE | | 10,083 | 0 | 0 |
POWERSHARES QQQ TRUST | UNIT SER 1 | 73935A104 | 22,390 | 200 | SH | | SOLE | | 200 | 0 | 0 |
PRICE T ROWE GROUP INC | COM | 74144T108 | 127,110 | 1,648 | SH | | SOLE | | 1,648 | 0 | 0 |
PROCTER & GAMBLE CO | COM | 742718109 | 70,717 | 922 | SH | | SOLE | | 922 | 0 | 0 |
QAD INC | CL B | 74727D207 | 1,346,556 | 62,631 | SH | | SOLE | | 62,631 | 0 | 0 |
QAD INC | CL A | 74727D306 | 6,807,800 | 255,069 | SH | | SOLE | | 255,069 | 0 | 0 |
QUALCOMM INC | COM | 747525103 | 6,825 | 106 | SH | | SOLE | | 106 | 0 | 0 |
REMY INTL INC NEW | COM | 75971M108 | 414 | 14 | SH | | SOLE | | 14 | 0 | 0 |
ROYAL CARIBBEAN CRUISES LTD | COM | V7780T103 | 5,619,578 | 62,544 | SH | | SOLE | | 62,544 | 0 | 0 |
ROYAL DUTCH SHELL PLC | SPONS ADR A | 780259206 | 22,992 | 400 | SH | | SOLE | | 400 | 0 | 0 |
SARATOGA INVT CORP | COM NEW | 80349A208 | 3,374 | 200 | SH | | SOLE | | 200 | 0 | 0 |
SEAGATE TECHNOLOGY PLC | SHS | G7945M107 | 5,481,549 | 108,331 | SH | | SOLE | | 108,331 | 0 | 0 |
SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 | 11,488 | 250 | SH | | SOLE | | 250 | 0 | 0 |
SONY CORP | ADR NEW | 835699307 | 4,961 | 175 | SH | | SOLE | | 175 | 0 | 0 |
SOUTHERN CO | COM | 842587107 | 22,579 | 505 | SH | | SOLE | | 505 | 0 | 0 |
SPDR DOW JONES INDL AVRG ETF | UT SER 1 | 78467X109 | 41,520 | 235 | SH | | SOLE | | 235 | 0 | 0 |
SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 56,414 | 268 | SH | | SOLE | | 268 | 0 | 0 |
SUNCOKE ENERGY PARTNERS L P | COMUNIT REP LT | 86722Y101 | 358,682 | 21,712 | SH | | SOLE | | 21,712 | 0 | 0 |
TEVA PHARMACEUTICAL INDS LTD | ADR | 881624209 | 25,883 | 375 | SH | | SOLE | | 375 | 0 | 0 |
TIME WARNER INC | COM NEW | 887317303 | 657 | 7 | SH | | SOLE | | 7 | 0 | 0 |
TWITTER INC | COM | 90184L102 | 46,515 | 1,500 | SH | | SOLE | | 1,500 | 0 | 0 |
UNILEVER PLC | SPON ADR NEW | 904767704 | 9,066 | 200 | SH | | SOLE | | 200 | 0 | 0 |
VANGUARD INDEX FDS | GROWTH ETF | 922908736 | 198,437 | 1,795 | SH | | SOLE | | 1,795 | 0 | 0 |
VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | 167,650 | 4,375 | SH | | SOLE | | 4,375 | 0 | 0 |
VANGUARD INTL EQUITY INDEX F | FTSE PACIFIC ETF | 922042866 | 115,027 | 1,895 | SH | | SOLE | | 1,895 | 0 | 0 |
VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 | 127,965 | 2,309 | SH | | SOLE | | 2,309 | 0 | 0 |
VANGUARD SCOTTSDALE FDS | INT-TERM GOV | 92206C706 | 136,867 | 2,107 | SH | | SOLE | | 2,107 | 0 | 0 |
VENTAS INC | COM | 92276F100 | 3,355 | 50 | SH | | SOLE | | 50 | 0 | 0 |
VERIZON COMMUNICATIONS INC | COM | 92343V104 | 468 | 10 | SH | | SOLE | | 10 | 0 | 0 |
WISDOMTREE TR | CHINESE YUAN FD | 97717W182 | 30,279 | 1,180 | SH | | SOLE | | 1,180 | 0 | 0 |
WISDOMTREE TR | E MKTS CNSMR GR | 97717W539 | 89,208 | 4,000 | SH | | SOLE | | 4,000 | 0 | 0 |
WISDOMTREE TR | JAPN HEDGE EQT | 97717W851 | 86,175 | 1,500 | SH | | SOLE | | 1,500 | 0 | 0 |
WISDOMTREE TR | EUROPE HEDGED EQ | 97717X701 | 51,312 | 800 | SH | | SOLE | | 800 | 0 | 0 |
YAHOO INC | COM | 984332106 | 733 | 20 | SH | | SOLE | | 20 | 0 | 0 |
ZELTIQ AESTHETICS INC | COM | 98933Q108 | 21,812 | 635 | SH | | SOLE | | 635 | 0 | 0 |