X0202 4 2006-03-30 0000878520 SWS GROUP INC SWS 0001182222 COBB BRODIE L 1201 ELM STREET SUITE 3500 DALLAS TX 75270 1 Common Stock $.10 Par Value 2006-03-30 4 S 0 100 25.21 D 89900 I By Self as Trustee for the BC Fifteen Year 2004 GRAT Common Stock $.10 Par Value 2006-03-30 4 S 0 100 25.38 D 89800 I By Self as Trustee for the BC Fifteen Year 2004 GRAT Common Stock $.10 Par Value 2006-03-30 4 S 0 100 25.44 D 89700 I By Self as Trustee for the BC Fifteen Year 2004 GRAT Common Stock $.10 Par Value 2006-03-30 4 S 0 100 25.59 D 89600 I By Self as Trustee for the BC Fifteen Year 2004 GRAT Common Stock $.10 Par Value 2006-03-30 4 S 0 100 25.43 D 89500 I By Self as Trustee for the BC Fifteen Year 2004 GRAT Common Stock $.10 Par Value 2006-03-30 4 S 0 100 25.94 D 89400 I By Self as Trustee for the BC Fifteen Year 2004 GRAT Common Stock $.10 Par Value 2006-03-30 4 S 0 200 25.41 D 89200 I By Self as Trustee for the BC Fifteen Year 2004 GRAT Common Stock $.10 Par Value 2006-03-30 4 S 0 200 25.45 D 89000 I By Self as Trustee for the BC Fifteen Year 2004 GRAT Common Stock $.10 Par Value 2006-03-30 4 S 0 200 25.51 D 88800 I By Self as Trustee for the BC Fifteen Year 2004 GRAT Common Stock $.10 Par Value 2006-03-30 4 S 0 200 25.7 D 88600 I By Self as Trustee for the BC Fifteen Year 2004 GRAT Common Stock $.10 Par Value 2006-03-30 4 S 0 200 25.47 D 88400 I By Self as Trustee for the BC Fifteen Year 2004 GRAT Common Stock $.10 Par Value 2006-03-30 4 S 0 200 25.37 D 88200 I By Self as Trustee for the BC Fifteen Year 2004 GRAT Common Stock $.10 Par Value 2006-03-30 4 S 0 200 25.5 D 88000 I By Self as Trustee for the BC Fifteen Year 2004 GRAT Common Stock $.10 Par Value 2006-03-30 4 S 0 300 25.8 D 87700 I By Self as Trustee for the BC Fifteen Year 2004 GRAT Common Stock $.10 Par Value 2006-03-30 4 S 0 300 25.6 D 87400 I By Self as Trustee for the BC Fifteen Year 2004 GRAT Common Stock $.10 Par Value 2006-03-30 4 S 0 300 25.84 D 87100 I By Self as Trustee for the BC Fifteen Year 2004 GRAT Common Stock $.10 Par Value 2006-03-30 4 S 0 400 25.92 D 86700 I By Self as Trustee for the BC Fifteen Year 2004 GRAT Common Stock $.10 Par Value 2006-03-30 4 S 0 400 25.82 D 86300 I By Self as Trustee for the BC Fifteen Year 2004 GRAT Common Stock $.10 Par Value 2006-03-30 4 S 0 400 25.46 D 85900 I By Self as Trustee for the BC Fifteen Year 2004 GRAT Common Stock $.10 Par Value 2006-03-30 4 S 0 500 25.75 D 85400 I By Self as Trustee for the BC Fifteen Year 2004 GRAT Common Stock $.10 Par Value 2006-03-30 4 S 0 600 25.91 D 84800 I By Self as Trustee for the BC Fifteen Year 2004 GRAT Common Stock $.10 Par Value 2006-03-30 4 S 0 600 25.87 D 84200 I By Self as Trustee for the BC Fifteen Year 2004 GRAT Common Stock $.10 Par Value 2006-03-30 4 S 0 600 25.81 D 83600 I By Self as Trustee for the BC Fifteen Year 2004 GRAT Common Stock $.10 Par Value 2006-03-30 4 S 0 700 25.85 D 82900 I By Self as Trustee for the BC Fifteen Year 2004 GRAT Common Stock $.10 Par Value 2006-03-30 4 S 0 700 25.57 D 82200 I By Self as Trustee for the BC Fifteen Year 2004 GRAT Common Stock $.10 Par Value 2006-03-30 4 S 0 700 25.49 D 81500 I By Self as Trustee for the BC Fifteen Year 2004 GRAT Common Stock $.10 Par Value 2006-03-30 4 S 0 800 25.36 D 80700 I By Self as Trustee for the BC Fifteen Year 2004 GRAT Common Stock $.10 Par Value 1815 D Common Stock $.10 Par Value 708389 I Family Partnership Common Stock $.10 Par Value 148339 I By Self as Trustee for the BC Ten Year 2004 GRAT Sales being made are pursuant to a Plan adopted on 03/27/06 intended to comply with Rule 10b5-1 of the Securities Exchange Act of 1934. Allen R. Tubb, Power of Attorney 2006-04-05