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
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