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
CHESAPEAKE ENERGY CORP COM 165167107 261 41,785 SH   DFND   41,785 0 0
GROUPON INC COM CL A 399473107 81 15,908 SH   DFND   15,908 0 0
ALCOA INC COM 013817101 219 21,656 SH   DFND   21,656 0 0
SPRINT CORP COM SER 1 85207U105 202 30,496 SH   DFND   30,496 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 468 51,704 SH   DFND   51,704 0 0
PNC FINL SVCS GROUP INC COM 693475105 232 2,581 SH   DFND   2,581 0 0
DIREXION SHS ETF TR DL RUSS BEAR 3X 25490K786 133 13,051 SH   DFND   13,051 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 2,917 40,456 SH   DFND   40,456 0 0
COSTCO WHSL CORP NEW COM 22160K105 246 1,616 SH   DFND   1,616 0 0
ISHARES TR CORE US AGGBD ET 464287226 461 4,104 SH   DFND   4,104 0 0
PROSHARES TR ULTSHT RUSS2000 74348A319 501 17,409 SH   DFND   17,409 0 0
ISHARES TR MIN VOL USA ETF 46429B697 3,813 83,952 SH   DFND   83,952 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 29,844 137,978 SH   DFND   137,978 0 0
SUPERVALU INC COM 868536103 50 10,045 SH   DFND   10,045 0 0
MICROSOFT CORP COM 594918104 237 4,124 SH   DFND   4,124 0 0
FIFTH THIRD BANCORP COM 316773100 478 23,376 SH   DFND   23,376 0 0
GERDAU S A SPON ADR REP PFD 373737105 169 62,337 SH   DFND   62,337 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 550 58,997 SH   DFND   58,997 0 0
KEYCORP NEW COM 493267108 409 33,638 SH   DFND   33,638 0 0
SIRIUS XM HLDGS INC COM 82968B103 135 32,376 SH   DFND   32,376 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 212 1,072 SH   DFND   1,072 0 0
SELECT SECTOR SPDR TR RL EST SEL SEC 81369Y860 7,017 214,156 SH   DFND   214,156 0 0
PROSHARES TR ULTR RUSSL2000 74347X799 230 2,467 SH   DFND   2,467 0 0
VALE S A ADR REPSTG PFD 91912E204 135 28,679 SH   DFND   28,679 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 159 26,330 SH   DFND   26,330 0 0
VALLEY NATL BANCORP COM 919794107 122 12,545 SH   DFND   12,545 0 0
HALLIBURTON CO COM 406216101 368 8,202 SH   DFND   8,202 0 0
CREDIT SUISSE NASSAU BRH VS 3XINV CRUDE 22542D548 215 3,205 SH   DFND   3,205 0 0
BARCLAYS PLC ADR 06738E204 125 14,497 SH   DFND   14,497 0 0
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 182 13,765 SH   DFND   13,765 0 0
ISHARES TR NASDQ BIOTEC ETF 464287556 13,857 47,873 SH   DFND   47,873 0 0
DBX ETF TR XTRAK MSCI EAFE 233051200 237 8,985 SH   DFND   8,985 0 0
ENCANA CORP COM 292505104 130 12,420 SH   DFND   12,420 0 0
BB&T CORP COM 054937107 475 12,614 SH   DFND   12,614 0 0
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 508 9,459 SH   DFND   9,459 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 225 20,616 SH   DFND   20,616 0 0
ISHARES TR CHINA ETF 46429B671 287 5,923 SH   DFND   5,923 0 0
WENDYS CO COM 95058W100 161 14,968 SH   DFND   14,968 0 0
GENERAL ELECTRIC CO COM 369604103 290 9,824 SH   DFND   9,824 0 0
CREDIT SUISSE NASSAU BRH INVRS VIX STERM 22542D795 305 8,162 SH   DFND   8,162 0 0
PEPSICO INC COM 713448108 455 4,185 SH   DFND   4,185 0 0
COCA COLA CO COM 191216100 455 10,761 SH   DFND   10,761 0 0
ORACLE CORP COM 68389X105 661 16,837 SH   DFND   16,837 0 0
FIRST TR EXCHANGE TRADED FD ENERGY ALPHADX 33734X127 559 36,306 SH   DFND   36,306 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 240 18,286 SH   DFND   18,286 0 0
ERICSSON ADR B SEK 10 294821608 207 28,779 SH   DFND   28,779 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 1,941 40,638 SH   DFND   40,638 0 0
MERCK & CO INC COM 58933Y105 216 3,470 SH   DFND   3,470 0 0
AMBEV SA SPONSORED ADR 02319V103 99 16,338 SH   DFND   16,338 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 559 18,302 SH   DFND   18,302 0 0
PROSHARES TR ULTSHRT QQQ 74348A426 212 8,773 SH   DFND   8,773 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 5,376 109,743 SH   DFND   109,743 0 0
MICRON TECHNOLOGY INC COM 595112103 242 13,666 SH   DFND   13,666 0 0
PROSHARES TR PSHS ULT S&P 500 74347R107 214 3,027 SH   DFND   3,027 0 0
WEATHERFORD INTL PLC ORD SHS G48833100 156 27,851 SH   DFND   27,851 0 0
ALTRIA GROUP INC COM 02209S103 486 7,689 SH   DFND   7,689 0 0
REGIONS FINL CORP NEW COM 7591EP100 746 75,648 SH   DFND   75,648 0 0
SCHLUMBERGER LTD COM 806857108 468 5,959 SH   DFND   5,959 0 0
AK STL HLDG CORP COM 001547108 56 11,608 SH   DFND   11,608 0 0
UMPQUA HLDGS CORP COM 904214103 167 11,148 SH   DFND   11,148 0 0
CREDIT SUISSE NASSAU BRH VS 3XLNGNATGAS 22542D530 248 40,870 SH   DFND   40,870 0 0
PROSHARES TR SHRT RUSSELL2000 74348A210 681 12,681 SH   DFND   12,681 0 0
CVS HEALTH CORP COM 126650100 308 3,471 SH   DFND   3,471 0 0
BROADCOM LTD SHS Y09827109 218 1,267 SH   DFND   1,267 0 0
FREEPORT-MCMORAN INC CL B 35671D857 108 10,015 SH   DFND   10,015 0 0
QUALCOMM INC COM 747525103 241 3,523 SH   DFND   3,523 0 0
PROCTER AND GAMBLE CO COM 742718109 782 8,715 SH   DFND   8,715 0 0
PEOPLES UNITED FINANCIAL INC COM 712704105 321 20,294 SH   DFND   20,294 0 0
ISHARES TR RUS 1000 VAL ETF 464287598 207 1,968 SH   DFND   1,968 0 0
FIRST TR EXCHANGE TRADED FD UTILITIES ALPH 33734X184 496 19,143 SH   DFND   19,143 0 0
DIREXION SHS ETF TR 20YR TRES BEAR 25459Y678 188 11,424 SH   DFND   11,424 0 0
YAMANA GOLD INC COM 98462Y100 85 19,769 SH   DFND   19,769 0 0
IAMGOLD CORP COM 450913108 69 17,255 SH   DFND   17,255 0 0
FIAT CHRYSLER AUTOMOBILES N SHS N31738102 119 18,595 SH   DFND   18,595 0 0
BARRICK GOLD CORP COM 067901108 433 24,449 SH   DFND   24,449 0 0
HECLA MNG CO COM 422704106 72 12,773 SH   DFND   12,773 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 1,223 101,368 SH   DFND   101,368 0 0
FRONTIER COMMUNICATIONS CORP COM 35906A108 183 44,031 SH   DFND   44,031 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 2,628 45,016 SH   DFND   45,016 0 0
PROSHARES TR SHORT S&P 500 NE 74347B425 455 11,956 SH   DFND   11,956 0 0
PHILIP MORRIS INTL INC COM 718172109 639 6,577 SH   DFND   6,577 0 0
VANGUARD INDEX FDS REIT ETF 922908553 10,815 124,690 SH   DFND   124,690 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 171 20,607 SH   DFND   20,607 0 0
INTEL CORP COM 458140100 376 9,982 SH   DFND   9,982 0 0
NOBLE CORP PLC SHS USD G65431101 88 14,016 SH   DFND   14,016 0 0
ISHARES MSCI MALAYSI ETF 464286830 88 10,871 SH   DFND   10,871 0 0
PROSHARES TR PSHS ULSHT SP500 74347B300 598 36,521 SH   DFND   36,521 0 0
SUNCOR ENERGY INC NEW COM 867224107 275 9,923 SH   DFND   9,923 0 0
NOKIA CORP SPONSORED ADR 654902204 244 42,171 SH   DFND   42,171 0 0
NABORS INDUSTRIES LTD SHS G6359F103 136 11,250 SH   DFND   11,250 0 0
JPMORGAN CHASE & CO COM 46625H100 233 3,512 SH   DFND   3,512 0 0
BROCADE COMMUNICATIONS SYS I COM NEW 111621306 258 27,983 SH   DFND   27,983 0 0
ISHARES TR CORE S&P500 ETF 464287200 325 1,497 SH   DFND   1,497 0 0
TRINA SOLAR LIMITED SPON ADR 89628E104 142 13,950 SH   DFND   13,950 0 0
WISDOMTREE TR INDIA ERNGS FD 97717W422 454 21,035 SH   DFND   21,035 0 0
AT&T INC COM 00206R102 645 15,906 SH   DFND   15,906 0 0
PROSHARES TR ULTRAPRO SH NW14 74348A418 275 20,610 SH   DFND   20,610 0 0
UNITED STATES STL CORP NEW COM 912909108 238 12,646 SH   DFND   12,646 0 0
ENSCO PLC SHS CLASS A G3157S106 127 14,947 SH   DFND   14,947 0 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 368 21,953 SH   DFND   21,953 0 0
ING GROEP N V SPONSORED ADR 456837103 141 11,475 SH   DFND   11,475 0 0
HUNTINGTON BANCSHARES INC COM 446150104 661 67,100 SH   DFND   67,100 0 0
UNITED STATES OIL FUND LP UNITS 91232N108 177 16,266 SH   DFND   16,266 0 0
WAL-MART STORES INC COM 931142103 330 4,587 SH   DFND   4,587 0 0
ISHARES INC CORE MSCI EMKT 46434G103 1,853 40,648 SH   DFND   40,648 0 0
ISHARES TR U.S. REAL ES ETF 464287739 826 10,250 SH   DFND   10,250 0 0
JOHNSON & JOHNSON COM 478160104 219 1,860 SH   DFND   1,860 0 0
CISCO SYS INC COM 17275R102 208 6,585 SH   DFND   6,585 0 0
VALE S A ADR 91912E105 154 28,065 SH   DFND   28,065 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406 235 6,268 SH   DFND   6,268 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 272 3,382 SH   DFND   3,382 0 0
ISHARES TR 20 YR TR BD ETF 464287432 339 2,470 SH   DFND   2,470 0 0
KINROSS GOLD CORP COM NO PAR 496902404 60 14,361 SH   DFND   14,361 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 2,348 121,663 SH   DFND   121,663 0 0