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
21st Cent Fox Cl A CL A 90130A101 1,503 55,351 SH   SOLE   0 0 55,351
A T & T Inc. COM 00206R102 1,353 39,320 SH   SOLE   0 0 39,320
Acadia Pharmaceuticals COM 00404A109 3,930 110,238 SH   SOLE   0 0 110,238
Alcoa Inc COM 013817101 384 38,872 SH   SOLE   0 0 38,872
Allergan Inc SHS G0177J108 4,306 13,778 SH   SOLE   0 0 13,778
Alphabet Inc Class A CL A 38259P508 7,929 10,192 SH   SOLE   0 0 10,192
Amazon Com Inc COM 23135106 347 513 SH   SOLE   0 0 513
Ambac Finl Group 23wts W. Exp 4/30/202 23139116 129 19,400 SH   SOLE   0 0 19,400
Ambac Finl Group New COM 023139884 2,709 192,294 SH   SOLE   0 0 192,294
Apple Inc Com 37833100 602 5,722 SH   SOLE   0 0 5,722
Ares Coml Real Estate Com 04013v108 1,129 98,724 SH   SOLE   0 0 98,724
Astoria Financial Corp Com 46265104 238 15,000 SH   SOLE   0 0 15,000
Bank Of America Corp Com 060505104 3,829 227,489 SH   SOLE   0 0 227,489
Berkshire Hathaway Cl B Com 84670702 786 5,950 SH   SOLE   0 0 5,950
Biocryst Pharmaceuticals Com 09058V103 1,113 107,895 SH   SOLE   0 0 107,895
Boeing Co COM 097023105 5,578 38,579 SH   SOLE   0 0 38,579
Calumet Specialty Prod UT LTD Partner 131476103 873 43,837 SH   SOLE   0 0 43,837
Cerus Corp Com 157085101 303 47,900 SH   SOLE   0 0 47,900
Chubb Corporation Com 171232101 202 1,526 SH   SOLE   0 0 1,526
Cisco Systems Inc Com 17275R102 763 28,090 SH   SOLE   0 0 28,090
Citigroup Inc Com 172967954 3,175 61,354 SH   SOLE   0 0 61,354
Cliffs Natural Resources Inc. Com 18683K101 15 10,000 SH   SOLE   0 0 10,000
Communications Sales COM 20341J104 981 52,463 SH   SOLE   0 0 52,463
Compass Diversified Hldg Sh Ben Int 20451Q104 1,156 72,775 SH   SOLE   0 0 72,775
Delek Logistics Lp Com Unt Rp Int 24664T103 286 8,000 SH   SOLE   0 0 8,000
Disney Walt Hldg Co Com Disney 254687106 324 3,086 SH   SOLE   0 0 3,086
Dyax Corp Com 26746E103 1,596 42,430 SH   SOLE   0 0 42,430
Fifth Street Finance Cp Com 31678A103 259 40,575 SH   SOLE   0 0 40,575
Ford Motor Company Com 345370860 200 14,200 SH   SOLE   0 0 14,200
Gaming & Leisure Pptys Com 36467J108 982 35,330 SH   SOLE   0 0 35,330
Gencor Industries Inc Com 368678108 209 18,500 SH   SOLE   0 0 18,500
General Electric Company Com 369604103 7,449 239,138 SH   SOLE   0 0 239,138
General Motors Corp Com 37045V100 1,940 57,030 SH   SOLE   0 0 57,030
Genomic Health Com 37244C101 1,714 48,695 SH   SOLE   0 0 48,695
Gilead Sciences Inc Com 375558103 7,443 73,558 SH   SOLE   0 0 73,558
Goldman Sachs Bdc Inc SHS 38147U107 544 28,640 SH   SOLE   0 0 28,640
Goldman Sachs Group Inc Com 38141G104 472 2,620 SH   SOLE   0 0 2,620
Hi-Crush Partners Lp Com Unit Ltd 428337109 241 40,650 SH   SOLE   0 0 40,650
Intel Corp Com 458140100 748 21,710 SH   SOLE   0 0 21,710
Ishares Select Dividend Select Divid ETF 464287168 505 6,725 SH   SOLE   0 0 6,725
Ishares Tr Msci Eafe Fd MSCI EAFE ETF 464287465 674 11,473 SH   SOLE   0 0 11,473
Johnson & Johnson Com 478160104 261 2,545 SH   SOLE   0 0 2,545
Merck & Co Inc Com 58933Y105 361 6,836 SH   SOLE   0 0 6,836
Microsoft Corp Com 594918104 1,896 34,183 SH   SOLE   0 0 34,183
Milestone Scientific Com New 59935P209 84 35,714 SH   SOLE   0 0 35,714
Navios Maritime Acqstn SHS Y62159101 513 170,420 SH   SOLE   0 0 170,420
Navios Maritime Ptnrs Unit LPI Y62267102 380 125,848 SH   SOLE   0 0 125,848
New Media Inv Grp Inc Com 64704V106 6,965 357,905 SH   SOLE   0 0 357,905
New Residential Inv Corp Com 64828T102 5,825 479,060 SH   SOLE   0 0 479,060
New Senior Inv Grp Inc Com 648691103 3,655 370,718 SH   SOLE   0 0 370,718
News Corp New CL A CL A 65249B109 712 53,264 SH   SOLE   0 0 53,264
Nokia Corp Spon Adr Sponsored ADR 654902204 83 11,850 SH   SOLE   0 0 11,850
Northstar Asset Mgmt Grp Com 66705Y104 1,888 155,543 SH   SOLE   0 0 155,543
Northstar Realty Eur Com 66704R100 2,061 174,552 SH   SOLE   0 0 174,552
Northstar Realty Fin Cp Com 66704R803 7,200 422,802 SH   SOLE   0 0 422,802
Pennantpark Cap Ltd Com 70806A106 487 43,247 SH   SOLE   0 0 43,247
Pennantpark Invt Corp Com 708062104 473 76,505 SH   SOLE   0 0 76,505
Peregrine Pharma Inc Com New 713661304 18 15,000 SH   SOLE   0 0 15,000
Pfizer Incorporated Com 717081103 1,105 34,234 SH   SOLE   0 0 34,234
Pitney Bowes Inc Com 724479100 4,357 210,991 SH   SOLE   0 0 210,991
Potash Corp Sask Inc Com 73755L107 352 20,560 SH   SOLE   0 0 20,560
Promotora De Info Adr Af ADR Cl A Shs 74343G204 590 106,339 SH   SOLE   0 0 106,339
Royal Dutch Shell B Adrf Sponsored ADR B 780259104 1,014 22,017 SH   SOLE   0 0 22,017
Schw US LCap Etf US LRG CAP ETF 808524201 8,495 174,907 SH   SOLE   0 0 174,907
Seaspan Corp SHS Y75638109 940 59,460 SH   SOLE   0 0 59,460
Seattle Genetics Inc Com 812578102 3,095 68,954 SH   SOLE   0 0 68,954
Sector Spdr Fincl Select SBI INT-Finl 81369Y605 5,602 235,074 SH   SOLE   0 0 235,074
Sector Spdr Health Fund SBI Healthcare 81369Y209 3,221 44,715 SH   SOLE   0 0 44,715
Sector Spdr Tech Select Technology 81369Y803 5,935 138,570 SH   SOLE   0 0 138,570
Service Corp Intl Com 817565104 201 7,744 SH   SOLE   0 0 7,744
Shire Plc Adr Sponsored ADR 82481R106 2,707 13,205 SH   SOLE   0 0 13,205
Solar Capital Ltd Com 83413U100 469 28,570 SH   SOLE   0 0 28,570
Solar Senior Capital Com 83416M105 436 29,275 SH   SOLE   0 0 29,275
Spdr S&P 500 TR Unit 78462F103 814 3,992 SH   SOLE   0 0 3,992
Spdr S&P 600 Small Cap S&P 600 SML Cap 78464A813 227 2,293 SH   SOLE   0 0 2,293
Spdr S&P Regional Bking S&P REGL BkG 78464A698 205 4,898 SH   SOLE   0 0 4,898
Starwood Ppty TRUST Inc Com 85571B105 8,844 430,141 SH   SOLE   0 0 430,141
Synthetic Biologics Com 87164U102 23 10,000 SH   SOLE   0 0 10,000
Teekay Corp Com Y8564W103 198 20,020 SH   SOLE   0 0 20,020
Teekay Lng Partners LPF Partnership Units Y8564M105 441 33,500 SH   SOLE   0 0 33,500
Teekay Offshore Partners Partnership Un Y8565J101 1,796 277,178 SH   SOLE   0 0 277,178
Teekay Tankers Ltd Cl Af CL A Y8565N102 8,105 1,178,092 SH   SOLE   0 0 1,178,092
Tronox Ltd Class A SHS CL A Q9235V102 3,276 837,734 SH   SOLE   0 0 837,734
Two Harbors Investment Com 90187B101 2,379 293,757 SH   SOLE   0 0 293,757
Visa Inc Cl A COM CL A 92826C839 1,885 24,308 SH   SOLE   0 0 24,308
Wells Fargo & Co New Com 949746101 234 4,300 SH   SOLE   0 0 4,300
Windstream Hldgs Inc COM New 97382A200 827 128,468 SH   SOLE   0 0 128,468
Ishares Core S&P 500 Core S&P500 ETF 464287200 553 2,700 SH   SOLE   0 0 2,700