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
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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
SPDR SERIES TRUST BLOOMBERG BRCLYS 78464A417 285 7,974 SH   DFND   7,974 0 0
CHESAPEAKE ENERGY CORP COM 165167107 34 11,328 SH   DFND   11,328 0 0
AMGEN INC COM 031162100 347 2,038 SH   DFND   2,038 0 0
CONSTELLATION BRANDS INC CL A 21036P108 2,995 13,144 SH   DFND   13,144 0 0
DIREXION SHS ETF TR DLY GOLD INDX 3X 25460E844 441 18,089 SH   DFND   18,089 0 0
HEALTHCARE SVCS GRP INC COM 421906108 1,443 33,200 SH   DFND   33,200 0 0
MANPOWERGROUP INC COM 56418H100 413 3,593 SH   DFND   3,593 0 0
DTE ENERGY CO COM 233331107 386 3,702 SH   DFND   3,702 0 0
WADDELL & REED FINL INC CL A 930059100 1,244 61,600 SH   DFND   61,600 0 0
KIMBERLY CLARK CORP COM 494368103 256 2,330 SH   DFND   2,330 0 0
SPRINT CORP COM SER 1 85207U105 97 20,025 SH   DFND   20,025 0 0
LILLY ELI & CO COM 532457108 1,218 15,748 SH   DFND   15,748 0 0
B2GOLD CORP COM 11777Q209 29 10,780 SH   DFND   10,780 0 0
SPDR SERIES TRUST S&P 600 SML CAP 78464A813 252 1,898 SH   DFND   1,898 0 0
PROSHARES TR PSHS ULT S&P 500 74347R107 240 2,281 SH   DFND   2,281 0 0
LOCKHEED MARTIN CORP COM 539830109 4,428 13,106 SH   DFND   13,106 0 0
AMPHENOL CORP NEW CL A 032095101 964 11,200 SH   DFND   11,200 0 0
AFFIMED N V COM N01045108 27 15,038 SH   DFND   15,038 0 0
REGENERON PHARMACEUTICALS COM 75886F107 347 1,010 SH   DFND   1,010 0 0
BANK HAWAII CORP COM 062540109 312 3,759 SH   DFND   3,759 0 0
DBX ETF TR XTRACK HRVST CSI 233051879 238 7,628 SH   DFND   7,628 0 0
NORTHWESTERN CORP COM NEW 668074305 686 12,753 SH   DFND   12,753 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 225 2,774 SH   DFND   2,774 0 0
BAIDU INC SPON ADR REP A 056752108 352 1,580 SH   DFND   1,580 0 0
PROSHARES TR PSHS SHORT DOW30 74347R701 218 14,483 SH   DFND   14,483 0 0
PROSHARES TR ULTSHT RUSS2000 74348A319 228 13,324 SH   DFND   13,324 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 45,130 171,501 SH   DFND   171,501 0 0
MICROSOFT CORP COM 594918104 992 10,870 SH   DFND   10,870 0 0
LAZARD LTD SHS A G54050102 911 17,344 SH   DFND   17,344 0 0
FIFTH THIRD BANCORP COM 316773100 321 10,140 SH   DFND   10,140 0 0
DOMTAR CORP COM NEW 257559203 649 15,276 SH   DFND   15,276 0 0
WASTE CONNECTIONS INC COM 94106B101 512 7,150 SH   DFND   7,150 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 1,014 22,922 SH   DFND   22,922 0 0
SIRIUS XM HLDGS INC COM 82968B103 277 44,399 SH   DFND   44,399 0 0
AROTECH CORP COM NEW 042682203 31 10,475 SH   DFND   10,475 0 0
KOHLS CORP COM 500255104 438 6,700 SH   DFND   6,700 0 0
GRAN TIERRA ENERGY INC COM 38500T101 48 17,271 SH   DFND   17,271 0 0
BAXTER INTL INC COM 071813109 1,259 19,358 SH   DFND   19,358 0 0
HOME DEPOT INC COM 437076102 664 3,730 SH   DFND   3,730 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 2,808 15,302 SH   DFND   15,302 0 0
VANGUARD WORLD FDS UTILITIES ETF 92204A876 262 2,347 SH   DFND   2,347 0 0
PACWEST BANCORP DEL COM 695263103 287 5,800 SH   DFND   5,800 0 0
PARKER HANNIFIN CORP COM 701094104 1,055 6,169 SH   DFND   6,169 0 0
ELDORADO GOLD CORP NEW COM 284902103 15 18,068 SH   DFND   18,068 0 0
ISHARES TR COHEN STEER REIT 464287564 219 2,351 SH   DFND   2,351 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 3,889 25,619 SH   DFND   25,619 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 318 5,465 SH   DFND   5,465 0 0
CATERPILLAR INC DEL COM 149123101 1,558 10,577 SH   DFND   10,577 0 0
RIBBON COMMUNICATIONS INC COM 762544104 165 32,400 SH   DFND   32,400 0 0
TEXAS INSTRS INC COM 882508104 216 2,084 SH   DFND   2,084 0 0
HIGHPOINT RES CORP COM 43114K108 71 14,057 SH   DFND   14,057 0 0
TECHNIPFMC PLC COM G87110105 287 9,766 SH   DFND   9,766 0 0
ALLEGHANY CORP DEL COM 017175100 986 1,605 SH   DFND   1,605 0 0
VEREIT INC COM 92339V100 110 15,917 SH   DFND   15,917 0 0
ASML HOLDING N V N Y REGISTRY SHS N07059210 953 4,801 SH   DFND   4,801 0 0
ISHARES TR NASDAQ BIOTECH 464287556 421 3,947 SH   DFND   3,947 0 0
MERCURY GENL CORP NEW COM 589400100 737 16,070 SH   DFND   16,070 0 0
ANTHEM INC COM 036752103 1,334 6,073 SH   DFND   6,073 0 0
BB&T CORP COM 054937107 304 5,856 SH   DFND   5,856 0 0
CREDIT SUISSE NASSAU BRH VELOCITY SHS 3X 22542D373 1,644 59,318 SH   DFND   59,318 0 0
UNITEDHEALTH GROUP INC COM 91324P102 1,400 6,544 SH   DFND   6,544 0 0
LAM RESEARCH CORP COM 512807108 746 3,674 SH   DFND   3,674 0 0
SYNERGY PHARMACEUTICALS DEL COM NEW 871639308 21 11,842 SH   DFND   11,842 0 0
BANK AMER CORP COM 060505104 648 21,614 SH   DFND   21,614 0 0
BLACKROCK CAPITAL INVESTMENT COM 092533108 149 24,804 SH   DFND   24,804 0 0
NU SKIN ENTERPRISES INC CL A 67018T105 707 9,600 SH   DFND   9,600 0 0
GARMIN LTD SHS H2906T109 365 6,200 SH   DFND   6,200 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 229 2,324 SH   DFND   2,324 0 0
PEPSICO INC COM 713448108 366 3,360 SH   DFND   3,360 0 0
POPULAR INC COM NEW 733174700 378 9,092 SH   DFND   9,092 0 0
SEMPRA ENERGY COM 816851109 518 4,666 SH   DFND   4,666 0 0
TURQUOISE HILL RES LTD COM 900435108 122 40,059 SH   DFND   40,059 0 0
ALPS ETF TR ALERIAN MLP 00162Q866 604 64,564 SH   DFND   64,564 0 0
SANCHEZ ENERGY CORP COM 79970Y105 45 14,600 SH   DFND   14,600 0 0
CITIGROUP GLOBAL MKTS HLDGS VELOCITYSHARE 3X 17325E291 889 29,346 SH   DFND   29,346 0 0
AMTRUST FINL SVCS INC COM 032359309 133 10,813 SH   DFND   10,813 0 0
ESSENT GROUP LTD COM G3198U102 347 8,164 SH   DFND   8,164 0 0
BLACK HILLS CORP COM 092113109 311 5,744 SH   DFND   5,744 0 0
APPLE INC COM 037833100 2,333 13,906 SH   DFND   13,906 0 0
SPDR INDEX SHS FDS DJ INTL RL ETF 78463X863 500 12,500 SH   DFND   12,500 0 0
ADOBE SYS INC COM 00724F101 506 2,344 SH   DFND   2,344 0 0
NETEASE INC SPONSORED ADR 64110W102 291 1,038 SH   DFND   1,038 0 0
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 385 2,508 SH   DFND   2,508 0 0
HONEYWELL INTL INC COM 438516106 213 1,477 SH   DFND   1,477 0 0
ENTERGY CORP NEW COM 29364G103 213 2,712 SH   DFND   2,712 0 0
LEAR CORP COM NEW 521865204 251 1,352 SH   DFND   1,352 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 528 2,097 SH   DFND   2,097 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 624 4,968 SH   DFND   4,968 0 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 477 2,241 SH   DFND   2,241 0 0
AMERICAN STS WTR CO COM 029899101 811 15,300 SH   DFND   15,300 0 0
DONNELLEY R R & SONS CO COM 257867200 190 21,785 SH   DFND   21,785 0 0
ROCKWELL AUTOMATION INC COM 773903109 1,792 10,289 SH   DFND   10,289 0 0
3M CO COM 88579Y101 2,688 12,248 SH   DFND   12,248 0 0
ARCH CAP GROUP LTD ORD G0450A105 1,065 12,450 SH   DFND   12,450 0 0
HANOVER INS GROUP INC COM 410867105 901 7,650 SH   DFND   7,650 0 0
PROSHARES TR PSHS ULTSH 20YRS 74347B201 323 8,930 SH   DFND   8,930 0 0
MEREDITH CORP COM 589433101 617 11,478 SH   DFND   11,478 0 0
UNITED TECHNOLOGIES CORP COM 913017109 1,052 8,362 SH   DFND   8,362 0 0
IDEX CORP COM 45167R104 215 1,514 SH   DFND   1,514 0 0
DARDEN RESTAURANTS INC COM 237194105 374 4,392 SH   DFND   4,392 0 0
PROSHARES TR ULTRAPRO QQQ 74347X831 585 4,067 SH   DFND   4,067 0 0
AKAMAI TECHNOLOGIES INC COM 00971T101 228 3,222 SH   DFND   3,222 0 0
WATERS CORP COM 941848103 695 3,500 SH   DFND   3,500 0 0
PACCAR INC COM 693718108 663 10,031 SH   DFND   10,031 0 0
ALLSTATE CORP COM 020002101 2,288 24,137 SH   DFND   24,137 0 0
COUSINS PPTYS INC COM 222795106 100 11,618 SH   DFND   11,618 0 0
COMMERCIAL METALS CO COM 201723103 298 14,600 SH   DFND   14,600 0 0
PAYPAL HLDGS INC COM 70450Y103 349 4,603 SH   DFND   4,603 0 0
ISHARES TR U.S. CNSM SV ETF 464287580 365 2,005 SH   DFND   2,005 0 0
PFIZER INC COM 717081103 216 6,089 SH   DFND   6,089 0 0
MORGAN STANLEY COM NEW 617446448 376 6,975 SH   DFND   6,975 0 0
HUNTINGTON INGALLS INDS INC COM 446413106 399 1,551 SH   DFND   1,551 0 0
CUMMINS INC COM 231021106 619 3,824 SH   DFND   3,824 0 0
PROSHARES TR SHRT RUSSELL2000 74348A210 258 6,135 SH   DFND   6,135 0 0
CITIGROUP INC COM NEW 172967424 2,043 30,270 SH   DFND   30,270 0 0
WELLCARE HEALTH PLANS INC COM 94946T106 206 1,068 SH   DFND   1,068 0 0
EXELIXIS INC COM 30161Q104 1,377 62,203 SH   DFND   62,203 0 0
AGILENT TECHNOLOGIES INC COM 00846U101 1,131 16,906 SH   DFND   16,906 0 0
PRUDENTIAL FINL INC COM 744320102 692 6,692 SH   DFND   6,692 0 0
ISHARES INC MSCI AUST ETF 464286103 461 20,964 SH   DFND   20,964 0 0
CME GROUP INC COM CL A 12572Q105 2,363 14,613 SH   DFND   14,613 0 0
WMIH CORP COM 92936P100 16 11,861 SH   DFND   11,861 0 0
PROSHARES TR PSHS ULTRA QQQ 74347R206 221 2,912 SH   DFND   2,912 0 0
CREDIT SUISSE AG NASSAU BRH VLCTYSHS 3X S&P 22539T217 1,061 18,283 SH   DFND   18,283 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 259 4,470 SH   DFND   4,470 0 0
ALPHABET INC CAP STK CL A 02079K305 321 310 SH   DFND   310 0 0
TETRA TECHNOLOGIES INC DEL COM 88162F105 41 11,134 SH   DFND   11,134 0 0
IDACORP INC COM 451107106 730 8,281 SH   DFND   8,281 0 0
CHESAPEAKE UTILS CORP COM 165303108 607 8,642 SH   DFND   8,642 0 0
VALERO ENERGY CORP NEW COM 91913Y100 696 7,504 SH   DFND   7,504 0 0
AMERICAN FINL GROUP INC OHIO COM 025932104 623 5,556 SH   DFND   5,556 0 0
YAMANA GOLD INC COM 98462Y100 96 35,084 SH   DFND   35,084 0 0
METTLER TOLEDO INTERNATIONAL COM 592688105 1,181 2,055 SH   DFND   2,055 0 0
DDR CORP COM 23317H102 194 26,602 SH   DFND   26,602 0 0
CHEMOURS CO COM 163851108 1,226 25,179 SH   DFND   25,179 0 0
WEST PHARMACEUTICAL SVSC INC COM 955306105 935 10,600 SH   DFND   10,600 0 0
AVISTA CORP COM 05379B107 431 8,413 SH   DFND   8,413 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 9,600 129,234 SH   DFND   129,234 0 0
MEDLEY CAP CORP COM 58503F106 45 11,400 SH   DFND   11,400 0 0
AIR PRODS & CHEMS INC COM 009158106 328 2,067 SH   DFND   2,067 0 0
ISHARES INC CORE MSCI EMKT 46434G103 1,850 31,689 SH   DFND   31,689 0 0
TUPPERWARE BRANDS CORP COM 899896104 822 17,000 SH   DFND   17,000 0 0
MCDONALDS CORP COM 580135101 1,324 8,471 SH   DFND   8,471 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 204 2,544 SH   DFND   2,544 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 144 11,106 SH   DFND   11,106 0 0
CREDIT SUISSE AG NASSAU BRH VELOCITY SHS EXC 22539T597 109 11,014 SH   DFND   11,014 0 0
ROCKWELL COLLINS INC COM 774341101 1,782 13,216 SH   DFND   13,216 0 0
SCHWAB STRATEGIC TR EMRG MKTEQ ETF 808524706 242 8,433 SH   DFND   8,433 0 0
EQUINIX INC COM PAR $0.001 29444U700 403 964 SH   DFND   964 0 0
ARROW INVTS TR RESV CAP ETF 042765719 360 3,599 SH   DFND   3,599 0 0
AMAZON COM INC COM 023135106 11,034 7,624 SH   DFND   7,624 0 0
BROADCOM LTD SHS Y09827109 800 3,396 SH   DFND   3,396 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 473 30,718 SH   DFND   30,718 0 0
INSPERITY INC COM 45778Q107 267 3,848 SH   DFND   3,848 0 0
CRH MEDICAL CORP COM 12626F105 42 16,815 SH   DFND   16,815 0 0
COSTAR GROUP INC COM 22160N109 587 1,619 SH   DFND   1,619 0 0
CURRENCYSHARES EURO TR EURO SHS 23130C108 372 3,145 SH   DFND   3,145 0 0
PROSHARES TR SHORT QQQ NEW 74347B714 392 11,491 SH   DFND   11,491 0 0
ZIONS BANCORPORATION COM 989701107 457 8,672 SH   DFND   8,672 0 0
ICONIX BRAND GROUP INC COM 451055107 14 12,659 SH   DFND   12,659 0 0
AMERIPRISE FINL INC COM 03076C106 1,466 9,913 SH   DFND   9,913 0 0
CREDIT SUISSE NASSAU BRH VELOCITY SHS SHR 22542D357 5,119 543,507 SH   DFND   543,507 0 0
DHI GROUP INC COM 23331S100 45 28,483 SH   DFND   28,483 0 0
NOKIA CORP SPONSORED ADR 654902204 381 69,777 SH   DFND   69,777 0 0
ISHARES TR PHLX SEMICND ETF 464287523 253 1,409 SH   DFND   1,409 0 0
NEXTERA ENERGY INC COM 65339F101 1,345 8,239 SH   DFND   8,239 0 0
GENUINE PARTS CO COM 372460105 218 2,427 SH   DFND   2,427 0 0
AON PLC SHS CL A G0408V102 2,268 16,163 SH   DFND   16,163 0 0
NVIDIA CORP COM 67066G104 660 2,850 SH   DFND   2,850 0 0
JPMORGAN CHASE & CO COM 46625H100 399 3,637 SH   DFND   3,637 0 0
PROCTER AND GAMBLE CO COM 742718109 2,324 29,315 SH   DFND   29,315 0 0
AMERICAN EXPRESS CO COM 025816109 3,341 35,817 SH   DFND   35,817 0 0
ISHARES TR CORE S&P500 ETF 464287200 341 1,285 SH   DFND   1,285 0 0
NVR INC COM 62944T105 1,125 402 SH   DFND   402 0 0
AT&T INC COM 00206R102 2,551 71,572 SH   DFND   71,572 0 0
CRESTWOOD EQUITY PARTNERS LP UNIT LTD PARTNER 226344208 550 21,498 SH   DFND   21,498 0 0
ISHARES GOLD TRUST ISHARES 464285105 954 74,957 SH   DFND   74,957 0 0
RUBICON PROJ INC COM 78112V102 25 13,966 SH   DFND   13,966 0 0
KINROSS GOLD CORP COM NO PAR 496902404 73 18,685 SH   DFND   18,685 0 0
BOARDWALK PIPELINE PARTNERS UT LTD PARTNER 096627104 178 17,558 SH   DFND   17,558 0 0
PROSHARES TR SHT MSCI NEW 74347X575 100 13,177 SH   DFND   13,177 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 804 29,195 SH   DFND   29,195 0 0
VERTEX PHARMACEUTICALS INC COM 92532F100 313 1,925 SH   DFND   1,925 0 0
UNITED STATES OIL FUND LP UNITS 91232N108 758 57,918 SH   DFND   57,918 0 0
ISHARES TR MSCI UK ETF NEW 46435G334 1,634 47,034 SH   DFND   47,034 0 0
CANCER GENETICS INC COM 13739U104 43 26,211 SH   DFND   26,211 0 0
NOVAVAX INC COM 670002104 29 14,245 SH   DFND   14,245 0 0
ISHARES TR U.S. REAL ES ETF 464287739 743 9,851 SH   DFND   9,851 0 0
JOHNSON & JOHNSON COM 478160104 1,480 11,554 SH   DFND   11,554 0 0
CISCO SYS INC COM 17275R102 328 7,663 SH   DFND   7,663 0 0
PLUG POWER INC COM NEW 72919P202 52 27,832 SH   DFND   27,832 0 0
PACKAGING CORP AMER COM 695156109 912 8,100 SH   DFND   8,100 0 0
VANECK VECTORS ETF TR RUSSIA ETF 92189F403 215 9,485 SH   DFND   9,485 0 0
CITIGROUP GLOBAL MKTS HLDGS INVERSE LVRG ETN 17325E309 874 86,125 SH   DFND   86,125 0 0
VISA INC COM CL A 92826C839 3,397 28,401 SH   DFND   28,401 0 0
ILLINOIS TOOL WKS INC COM 452308109 719 4,593 SH   DFND   4,593 0 0
MCKESSON CORP COM 58155Q103 515 3,661 SH   DFND   3,661 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 480 9,952 SH   DFND   9,952 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 4,056 20,335 SH   DFND   20,335 0 0