X0202 4 2006-10-31 0000878520 SWS GROUP INC SWS 0001182222 COBB BRODIE L 1201 ELM STREET SUITE 3500 DALLAS TX 75270 1 Common Stock $.10 Par Value 2006-10-31 4 S 0 100 28.02 D 44039 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-10-31 4 S 0 100 28.21 D 43939 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-10-31 4 S 0 100 28.18 D 43839 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-10-31 4 S 0 200 28.26 D 43639 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-10-31 4 S 0 200 28.16 D 43439 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-10-31 4 S 0 700 28.14 D 42739 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-10-31 4 S 0 1000 28.12 D 41739 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-10-31 4 S 0 1000 28.15 D 40739 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-10-31 4 S 0 1500 28.09 D 39239 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-10-31 4 S 0 1600 28.01 D 37639 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-10-31 4 S 0 1700 28.07 D 35939 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-10-31 4 S 0 1939 28.08 D 34000 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-10-31 4 S 0 2600 28.13 D 31400 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-10-31 4 S 0 2700 28.22 D 28700 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-10-31 4 S 0 2900 28.11 D 25800 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-10-31 4 S 0 4100 28.1 D 21700 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-10-31 4 S 0 4500 28.25 D 17200 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-10-31 4 S 0 5200 28.2 D 12000 I By Self as Trustee for the BC Ten Year 2004 GRAT Common Stock $.10 Par Value 2006-10-31 4 S 0 12000 28 D 0 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 2815 D 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 2006-10-31