X0202 4 2006-03-28 0000878520 SWS GROUP INC SWS 0001182222 COBB BRODIE L 1201 ELM STREET SUITE 3500 DALLAS TX 75270 1 Common Stock $.10 Par Value 2006-03-28 4 S 0 100 24.81 D 163239 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-03-28 4 S 0 100 24.89 D 163139 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-03-28 4 S 0 100 24.86 D 163039 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-03-28 4 S 0 100 24.57 D 162939 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-03-28 4 S 0 100 25.16 D 162839 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-03-28 4 S 0 100 24.71 D 162739 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-03-28 4 S 0 200 25.15 D 162539 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-03-28 4 S 0 200 24.61 D 162339 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-03-28 4 S 0 200 24.68 D 162139 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-03-28 4 S 0 200 24.8 D 161939 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-03-28 4 S 0 200 24.65 D 161739 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-03-28 4 S 0 200 24.7 D 161539 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-03-28 4 S 0 200 24.75 D 161339 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-03-28 4 S 0 300 25.05 D 161039 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-03-28 4 S 0 300 24.53 D 160739 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-03-28 4 S 0 400 24.63 D 160339 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-03-28 4 S 0 400 25.08 D 159939 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-03-28 4 S 0 400 24.64 D 159539 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-03-28 4 S 0 500 25.14 D 159039 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-03-28 4 S 0 500 25.47 D 158539 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-03-28 4 S 0 500 25.55 D 158039 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-03-28 4 S 0 500 25.17 D 157539 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-03-28 4 S 0 500 25.12 D 157039 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-03-28 4 S 0 600 25.13 D 156439 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-03-28 4 S 0 600 25.06 D 155839 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-03-28 4 S 0 600 25.09 D 155239 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 708389 I Family Partnership Common Stock $.10 Par Value 1815 D Common Stock $.10 Par Value 90000 I By Self as Trustee for the BC Fifteen 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