X0202 4 2006-05-30 0000878520 SWS GROUP INC SWS 0001182222 COBB BRODIE L 1201 ELM STREET SUITE 3500 DALLAS TX 75270 1 Common Stock $.10 Par Value 2006-05-30 4 S 0 100 23.69 D 104039 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-05-30 4 S 0 100 23.55 D 103939 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-05-30 4 S 0 100 23.48 D 103839 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-05-30 4 S 0 100 23.68 D 103739 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-05-30 4 S 0 100 23.61 D 103639 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-05-30 4 S 0 100 23.9 D 103539 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-05-30 4 S 0 100 23.47 D 103439 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-05-30 4 S 0 200 23.52 D 103239 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-05-30 4 S 0 300 23.7 D 102939 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-05-30 4 S 0 300 23.73 D 102639 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-05-30 4 S 0 300 23.67 D 102339 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-05-30 4 S 0 400 23.46 D 101939 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-05-30 4 S 0 500 23.58 D 101439 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-05-30 4 S 0 600 23.49 D 100839 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-05-30 4 S 0 700 23.62 D 100139 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-05-30 4 S 0 700 23.72 D 99439 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-05-30 4 S 0 1000 23.77 D 98439 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-05-30 4 S 0 1000 23.66 D 97439 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-05-30 4 S 0 1100 23.6 D 96339 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-05-30 4 S 0 1100 23.8 D 95239 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-05-30 4 S 0 2100 23.65 D 93139 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-05-30 4 S 0 4000 23.97 D 89139 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 30000 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 2006-05-31