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
Accenture PLC CMN G1151C101 388 4,724 SH   DFND   4,400 0 324
Advantage Oil & Gas Ltd CMN 00765F101 66 15,159 SH   DFND   15,159 0 0
American Apparel Inc CMN 023850100 16 12,593 SH   DFND   12,593 0 0
American Express Co CMN 025816109 410 4,522 SH   SOLE   104 0 4,418
Apple Inc CMN 037833100 233 415 SH   SOLE   50 0 365
Atlantic Power Corp CMN 04878Q863 38 11,000 SH   DFND   11,000 0 0
AuRico Gold Inc CMN 05155C105 40 10,800 SH   DFND   10,800 0 0
AutoZone Inc CMN 053332102 241 504 SH   DFND   400 0 104
Ballard Power Systems Inc CMN 058586108 20 13,000 SH   DFND   13,000 0 0
Carnival Corp CMN 143658300 347 8,650 SH   DFND   8,600 0 50
China BAK Battery Inc CMN 16936Y209 32 14,479 SH   DFND   14,479 0 0
ConAgra Foods Inc CMN 205887102 375 11,131 SH   DFND   10,731 0 400
Conn's Inc CMN 208242107 221 2,800 SH   DFND   2,800 0 0
Dollar General Corp CMN 256677105 205 3,406 SH   DFND   3,373 0 33
Emmis Communications Corp CMN 291525103 48 17,935 SH   DFND   17,935 0 0
Energy Select Sector SPDR Fund ETP 81369Y506 319 3,600 SH   SOLE   993 0 2,607
Ennis Inc CMN 293389102 320 18,092 SH   DFND   18,092 0 0
Enzon Pharmaceuticals Inc CMN 293904108 16 13,701 SH   DFND   13,701 0 0
Equal Energy Ltd CMN 29390Q109 200 37,571 SH   DFND   37,571 0 0
FAB Universal Corp CMN 302771100 40 13,005 SH   DFND   13,005 0 0
Financial Select Sector SPDR Fund ETP 81369Y605 251 11,500 SH   SOLE   3,474 0 8,026
Fortuna Silver Mines Inc CMN 349915108 33 11,600 SH   DFND   11,600 0 0
Frontline Ltd/Bermuda CMN G3682E127 67 17,900 SH   DFND   17,900 0 0
Global Geophysical Services Inc CMN 37946S107 22 13,401 SH   DFND   13,401 0 0
Goldman Sachs Group Inc/The CMN 38141G104 213 1,200 SH   SOLE   200 0 1,000
Google Inc CMN 38259P508 903 806 SH   SOLE   39 0 767
Gulf Resources Inc CMN 40251W309 50 21,218 SH   DFND   21,218 0 0
Harris Interactive Inc CMN 414549105 31 15,576 SH   DFND   15,576 0 0
Health Care Select Sector SPDR Fund ETP 81369Y209 299 5,400 SH   SOLE   1,444 0 3,956
Hovnanian Enterprises Inc CMN 442487203 115 17,300 SH   DFND   17,300 0 0
IAMGOLD Corp CMN 450913108 43 12,800 SH   DFND   12,800 0 0
Industrial Select Sector SPDR Fund ETP 81369Y704 570 10,900 SH   SOLE   0 0 10,900
Information Services Group Inc CMN 45675Y104 44 10,342 SH   DFND   10,342 0 0
iShares 1-3 Year Credit Bond ETF ETP 464288646 2,499 23,700 SH   SOLE   8,355 0 15,345
iShares 1-3 Year Treasury Bond ETF ETP 464287457 1,654 19,600 SH   SOLE   5,953 0 13,647
iShares Core S&P 500 ETF ETP 464287200 334 1,800 SH   SOLE   0 0 1,800
iShares Core S&P Mid-Cap ETF ETP 464287507 1,405 10,500 SH   SOLE   0 0 10,500
iShares Core S&P Small-Cap ETF ETP 464287804 1,431 13,100 SH   SOLE   4,593 0 8,507
iShares Credit Bond ETF ETP 464288620 438 4,100 SH   SOLE   0 0 4,100
iShares Floating Rate Bond ETF ETP 46429B655 695 13,700 SH   SOLE   0 0 13,700
iShares iBoxx $ High Yield Corporate Bond ETF ETP 464288513 2,146 23,100 SH   SOLE   9,413 0 13,687
iShares iBoxx $ Investment Grade Corporate Bond ETF ETP 464287242 3,175 27,800 SH   SOLE   7,600 0 20,200
iShares Intermediate Government/Credit Bond ETF ETP 464288612 1,280 11,700 SH   SOLE   4,596 0 7,104
iShares JP Morgan USD Emerging Markets Bond ETF ETP 464288281 443 4,100 SH   SOLE   0 0 4,100
iShares National AMT-Free Muni Bond ETF ETP 464288414 456 4,400 SH   SOLE   0 0 4,400
iShares Russell 2000 ETF ETP 464287655 2,606 22,600 SH   SOLE   4,872 0 17,728
Just Energy Group Inc CMN 48213W101 147 20,481 SH   DFND   20,481 0 0
Ladenburg Thalmann Financial Services Inc CMN 50575Q102 36 11,579 SH   DFND   11,579 0 0
Market Vectors Semiconductor ETF ETP 57060U233 518 12,200 SH   SOLE   1,759 0 10,441
Materials Select Sector SPDR Fund ETP 81369Y100 337 7,300 SH   SOLE   0 0 7,300
Merus Labs International Inc CMN 59047R101 21 14,600 SH   DFND   14,600 0 0
Metalico Inc CMN 591176102 27 13,059 SH   DFND   13,059 0 0
Nevsun Resources Ltd CMN 64156L101 69 20,700 SH   DFND   20,700 0 0
Ocean Power Technologies Inc CMN 674870308 20 10,200 SH   DFND   10,200 0 0
Pengrowth Energy Corp CMN 70706P104 74 11,900 SH   DFND   11,900 0 0
PharmAthene Inc CMN 71714G102 19 10,262 SH   DFND   10,262 0 0
Pier 1 Imports Inc CMN 720279108 362 15,700 SH   DFND   15,700 0 0
PowerShares 1-30 Laddered Treasury Portfolio ETP 73936T524 443 15,100 SH   SOLE   0 0 15,100
PowerShares Emerging Markets Sovereign Debt Portfolio ETP 73936T573 805 29,800 SH   SOLE   0 0 29,800
PowerShares Fundamental High Yield Corporate Bond Portfolio ETP 73936T557 1,143 59,500 SH   SOLE   26,222 0 33,278
PowerShares Insured National Municipal Bond Portfolio ETP 73936T474 778 33,900 SH   SOLE   0 0 33,900
PowerShares International Corporate Bond Portfolio ETP 73936Q835 502 17,000 SH   SOLE   0 0 17,000
Powershares QQQ Trust Series 1 ETP 73935A104 2,762 31,400 SH   SOLE   6,484 0 24,916
priceline.com Inc CMN 741503403 235 202 SH   SOLE   35 0 167
Primero Mining Corp CMN 74164W106 98 22,062 SH   DFND   22,062 0 0
Primo Water Corp CMN 74165N105 27 10,214 SH   DFND   10,214 0 0
Radio One Inc CMN 75040P405 53 13,908 SH   DFND   13,908 0 0
REX American Resources Corp CMN 761624105 215 4,808 SH   DFND   4,808 0 0
Rio Alto Mining Ltd CMN 76689T104 51 30,233 SH   DFND   30,233 0 0
Sciclone Pharmaceuticals Inc CMN 80862K104 57 11,272 SH   DFND   11,272 0 0
SIGA Technologies Inc CMN 826917106 61 18,801 SH   DFND   18,801 0 0
Silvercorp Metals Inc CMN 82835P103 49 21,200 SH   DFND   21,200 0 0
Smart Technologies Inc CMN 83172R108 22 10,000 SH   DFND   10,000 0 0
SPDR Barclays Aggregate Bond ETF ETP 78464A649 810 14,400 SH   SOLE   0 0 14,400
SPDR Barclays High Yield Bond ETF ETP 78464A417 1,854 45,700 SH   SOLE   17,985 0 27,715
SPDR Barclays Short Term Corporate Bond ETF ETP 78464A474 522 17,000 SH   SOLE   0 0 17,000
SPDR DB International Government Inflation-Protected Bond ETF ETP 78464A490 444 7,600 SH   SOLE   0 0 7,600
SPDR Dow Jones Industrial Average ETF Trust ETP 78467X109 1,340 8,100 SH   SOLE   2,726 0 5,374
SPDR Nuveen Barclays Municipal Bond ETF ETP 78464A458 764 33,900 SH   SOLE   0 0 33,900
SPDR Nuveen Barclays Short Term Municipal Bond ETF ETP 78464A425 809 33,300 SH   SOLE   0 0 33,300
SPDR S&P 500 ETF Trust ETP 78462F103 1,628 8,814 SH   DFND   6,114 0 2,700
SPDR S&P Dividend ETF ETP 78464A763 871 12,000 SH   SOLE   5,148 0 6,852
SPDR S&P MidCap 400 ETF Trust ETP 78467Y107 1,540 6,305 SH   SOLE   1,918 0 4,387
Summer Infant Inc CMN 865646103 46 25,277 SH   DFND   25,277 0 0
Taseko Mines Ltd CMN 876511106 74 34,784 SH   DFND   34,784 0 0
Technology Select Sector SPDR Fund ETP 81369Y803 779 21,800 SH   SOLE   2,436 0 19,364
TeleCommunication Systems Inc CMN 87929J103 46 19,919 SH   DFND   19,919 0 0
Thompson Creek Metals Co Inc CMN 884768102 53 24,400 SH   DFND   24,400 0 0
Timmins Gold Corp CMN 88741P103 39 36,500 SH   DFND   36,500 0 0
UnitedHealth Group Inc CMN 91324P102 202 2,678 SH   DFND   490 0 2,188
USA Technologies Inc CMN 90328S500 21 11,600 SH   DFND   11,600 0 0
Vanguard Dividend Appreciation ETF ETP 921908844 1,294 17,200 SH   SOLE   6,706 0 10,494
Vanguard Long-Term Bond ETF ETP 921937793 450 5,500 SH   SOLE   0 0 5,500
Vanguard Short-Term Bond ETF ETP 921937827 2,134 26,700 SH   SOLE   10,847 0 15,853
Vanguard Short-Term Corporate Bond ETF ETP 92206C409 686 8,600 SH   SOLE   0 0 8,600
Warren Resources Inc CMN 93564A100 62 19,653 SH   DFND   19,653 0 0
Worthington Industries Inc CMN 981811102 375 8,900 SH   DFND   8,800 0 100