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
AbbVie Inc. Common 00287Y109 2,303 30,233 SH   DFND 2 0 30,233 0
AbbVie Inc. Common 00287Y109 381 5,000 SH   DFND 1 0 5,000 0
Acceleron Pharma, Inc. Common 00434H108 72 805 SH   DFND 2 0 805 0
ADMA Biologics, Inc. Common 000899104 405 140,757 SH   DFND 2 0 140,757 0
Akebia Therapeutics, Inc. Common 00972D105 1,025 135,169 SH   DFND 2 0 135,169 0
Alerian MLP Common 00162Q866 2 600 SH   DFND 1 0 600 0
Alimera Sciences, Inc. Common 016259103 301 75,194 SH   DFND 2 0 75,194 0
Alkermes PLC Common G01767105 837 58,073 SH   DFND 2 0 58,073 0
Allergan plc Common G0177J108 151 850 SH   DFND 2 0 850 0
AllianceBernstein Holdings PL Unit Ltd Common 01881G106 911 49,000 SH   DFND 1 0 49,000 0
AllianceBernstein Holdings PL Unit Ltd Common 01881G106 28 1,500 SH   DFND 1 0 1,500 0
Alphabet Inc-Cl C Common 02079K107 9,186 7,900 SH   DFND 2 0 7,900 0
Apollo Global Management, Inc. Common 03768E105 12,479 372,500 SH   DFND 2 0 372,500 0
Apple Inc. Common 037833100 134 525 SH   DFND 1 0 525 0
Apple Inc. Common 037833100 134 525 SH   DFND 1 0 525 0
Arena Pharmaceuticals, Inc. Common 040047607 310 7,391 SH   DFND 2 0 7,391 0
ArTara Therapeutics, Inc. Common 04300J107 61 2,635 SH   DFND 2 0 2,635 0
Ascendis Pharma A/S Common 04351P101 59 526 SH   DFND 2 0 526 0
AT&T Inc. Common 00206R102 583 20,000 SH   DFND 1 0 20,000 0
AT&T Inc. Common 00206R102 60 2,050 SH   DFND 1 0 2,050 0
Aurinia Pharmaceuticals Inc. Common 05156V102 106 7,300 SH   DFND 2 0 7,300 0
Bank Nova Scotia Halifax Common 064149107 16 400 SH   DFND 1 0 400 0
BELLUS Health Inc. Common 07987C204 2,419 242,611 SH   DFND 2 0 242,611 0
Beyond Air Inc. Common 08862L103 46 5,700 SH   DFND 2 0 5,700 0
BioCryst Pharmaceuticals, Inc. Common 09058V103 120 59,990 SH   DFND 2 0 59,990 0
BioDelivery Sciences International, Inc. Common 09060J106 1,916 505,530 SH   DFND 2 0 505,530 0
Bristol-Myers Squibb Company Common 110122108 2,559 45,909 SH   DFND 2 0 45,909 0
Calumet Specialty Products Partners, LP Common 131476103 2,100 2,000,000 SH   DFND 2 0 2,000,000 0
Calumet Specialty Products Partners, LP Common 131476103 21 20,000 SH   DFND 1 0 20,000 0
Canadian Natural Resources Inc. Common 136385101 186 13,750 SH   DFND 1 0 13,750 0
Canadian Natural Resources Inc. Common 136385101 248 18,285 SH   DFND 1 0 18,285 0
Capitol Federal Financial Inc. Common 14057J101 67 5,800 SH   DFND 1 0 5,800 0
Catalyst Pharmaceuticals, Inc. Common 14888U101 205 53,117 SH   DFND 2 0 53,117 0
Centerstate Banks Corp Common 15201P109 31 1,780 SH   DFND 1 0 1,780 0
Centerstate Banks Corp Common 15201P109 89 5,162 SH   DFND 1 0 5,162 0
Check Cap Ltd. Common M2361E203 3 2,224 SH   DFND 2 0 2,224 0
Chemours Co. Common 163851108 4 440 SH   DFND 1 0 440 0
Chemours Co. Common 163851108 6 720 SH   DFND 1 0 720 0
ChemoCentryx, Inc. Common 16383L106 4,035 100,431 SH   DFND 2 0 100,431 0
Coca Cola Common 191216100 336 7,600 SH   DFND 1 0 7,600 0
Coca Cola Common 191216100 257 5,800 SH   DFND 1 0 5,800 0
Cidara Therapeutics, Inc. Common 171757107 997 402,061 SH   DFND 2 0 402,061 0
Coherus Biosciences, Inc. Common 19249H103 1,087 67,039 SH   DFND 2 0 67,039 0
Collegium Pharmaceutical, Inc. Common 19459J104 801 49,071 SH   DFND 2 0 49,071 0
Colony Northstar Inc. Common 19625W104 3 1,466 SH   DFND 1 0 1,466 0
Columbia Financial, Inc. Common 197641103 336 23,363 SH   DFND 2 0 23,363 0
Conagra Brands Common 205887102 293 10,000 SH   DFND 1 0 10,000 0
Corteva Inc. Common 22052L104 260 11,051 SH   DFND 1 0 11,051 0
Corteva Inc. Common 22052L104 35 1,494 SH   DFND 1 0 1,494 0
Cousins Properties Common 222795106 98 3,357 SH   DFND 1 0 3,357 0
Dell Technologies Inc. Common 24703L202 254 6,426 SH   DFND 2 0 6,426 0
Dow Inc. Common 260557103 311 10,624 SH   DFND 1 0 10,624 0
Dow Inc. Common 260557103 44 1,494 SH   DFND 1 0 1,494 0
Dupont De Nemours Inc. Common 26614N102 362 10,624 SH   DFND 1 0 10,624 0
Dupont De Nemours Inc. Common 26614N102 51 1,494 SH   DFND 1 0 1,494 0
Eagle Materials Inc. Common 26969P108 13 228 SH   DFND 1 0 228 0
Eiger BioPharmaceuticals, Inc. Common 28249U105 1,793 263,748 SH   DFND 2 0 263,748 0
Eli Lilly Inc. Common 532457108 42 300 SH   DFND 1 0 300 0
Fannie Mae 4.75 percent Series M Common 313586836 404 43,000 SH   DFND 2 0 43,000 0
Fannie Mae 5.1 percent Series E Common 313586604 149 17,500 SH   DFND 2 0 17,500 0
Fannie Mae 5.125 percent Series L Common 313586844 84 8,680 SH   DFND 2 0 8,680 0
Fannie Mae 5.81 percent Series H Common 313586885 100 10,000 SH   DFND 2 0 10,000 0
Fannie Mae 8.25 percent Series S Common 313586752 222 35,000 SH   DFND 2 0 35,000 0
Fannie Mae 8.25 percent Series T Common 313586737 2,190 396,736 SH   DFND 2 0 396,736 0
Fannie Mae Float - Series G Common 313586802 214 22,477 SH   DFND 2 0 22,477 0
Fannie Mae Float Series F Common 313586703 764 81,890 SH   DFND 2 0 81,890 0
Fannie Mae Float Series P Common 313586786 1,171 254,559 SH   DFND 2 0 254,559 0
Fortress Trans & Infrastructure Inv. LLC Common 34960P107 7,286 888,509 SH   DFND 2 0 888,509 0
Freddie Mac 5 percent Series F Common 313400863 203 21,590 SH   DFND 2 0 21,590 0
Freddie Mac 5.3 percent Common 313400822 285 30,000 SH   DFND 2 0 30,000 0
Freddie Mac 5.57 percent Series V Common 313400673 371 80,000 SH   DFND 2 0 80,000 0
Freddie Mac 5.9 percent Series U Common 313400681 47 10,000 SH   DFND 2 0 10,000 0
Freddie Mac 6 percent Series P Common 313400749 51 5,200 SH   DFND 2 0 5,200 0
Freddie Mac 6.02 percent Series X Common 313400657 316 53,811 SH   DFND 2 0 53,811 0
Freddie Mac 8.375 percent Series Z Common 313400624 850 139,500 SH   DFND 2 0 139,500 0
FNB Corporation Common 302520101 66 8,905 SH   DFND 1 0 8,905 0
FS Bancorp Inc. Common 30263Y104 53 1,460 SH   DFND 1 0 1,460 0
FS Bancorp Inc. Common 30263Y104 76 2,117 SH   DFND 1 0 2,117 0
FS KKR Capital Corp. Common 302635107 4,200 1,400,000 SH   DFND 2 0 1,400,000 0
FS KKR Capital Corp. Common 302635107 350 116,500 SH   DFND 1 0 116,500 0
FS KKR Capital Corp. Common 302635107 193 64,200 SH   DFND 1 0 64,200 0
General Electric Common 369604103 10 1,200 SH   DFND 1 0 1,200 0
General Electric Common 369604103 28 3,480 SH   DFND 1 0 3,480 0
Gilead Sciences, Inc. Common 375558103 112 1,500 SH   DFND 2 0 1,500 0
Global Medical REIT, Inc. Ser A Cum Pfd. Common 37957W203 801 35,000 SH   DFND 2 0 35,000 0
Globus Medical, Inc. Common 379577208 123 2,900 SH   DFND 2 0 2,900 0
Heritage NOLA Bancorp Inc. Common 42727P108 91 9,000 SH   DFND 1 0 9,000 0
Horizon Therapeutics Public Ltd. Company Common G46188101 1,763 59,531 SH   DFND 2 0 59,531 0
International Business Machines Common 459200101 475 4,284 SH   DFND 1 0 4,284 0
International Gaming Technologies Common G4863A108 3,570 600,000 SH   DFND 2 0 600,000 0
International Gaming Technologies Common G4863A108 45 7,500 SH   DFND 1 0 7,500 0
JetBlue Airways Corp. Common 477143101 90 10,000 SH   DFND 2 0 10,000 0
Johnson & Johnson Common 478160104 288 2,200 SH   DFND 1 0 2,200 0
Johnson & Johnson Common 478160104 666 5,080 SH   DFND 1 0 5,080 0
JP Morgan Chase Common 46625H100 792 8,800 SH   DFND 1 0 8,800 0
JP Morgan Chase Common 46625H100 1,283 14,250 SH   DFND 1 0 14,250 0
Kadmon Holdings, Inc. Common 48283N106 1,600 381,900 SH   DFND 2 0 381,900 0
Kimberly Clark Corporation Common 494368103 767 6,000 SH   DFND 1 0 6,000 0
KKR & Co. Inc. Common 48251W104 4,811 205,000 SH   DFND 2 0 205,000 0
Krystal Biotech, Inc. Common 501147102 306 7,079 SH   DFND 2 0 7,079 0
Legacy Housing Corporation Common 52472M101 37 4,000 SH   DFND 1 0 4,000 0
Legacy Housing Corporation Common 52472M101 46 5,000 SH   DFND 1 0 5,000 0
Ligand Pharmaceuticals Incorporated Common 53220K504 24,885 342,198 SH   DFND 2 0 342,198 0
Ligand Pharmaceuticals Incorporated Common 53220K504 134 1,843 SH   DFND 1 0 1,843 0
Ligand Pharmaceuticals Incorporated Common 53220K504 654 9,000 SH   DFND 1 0 9,000 0
LKQ Corporation Common 501889208 3,077 150,000 SH   DFND 2 0 150,000 0
Macquarie Infrastructure Corporation Common 55608B105 249 9,850 SH   DFND 1 0 9,850 0
Macquarie Infrastructure Corporation Common 55608B105 83 3,300 SH   DFND 1 0 3,300 0
MEI Pharma, Inc. Common 55279B202 62 38,590 SH   DFND 2 0 38,590 0
Menlo Therapeutics Inc. Common 586858102 66 24,606 SH   DFND 2 0 24,606 0
MPLX LP Common 55336V100 1,162 100,000 SH   DFND 2 0 100,000 0
Medtronics Common G5960L103 95 1,050 SH   DFND 1 0 1,050 0
Merck & Co. Inc. Common 58993Y105 38 500 SH   DFND 1 0 500 0
Merck & Co. Inc. Common 58993Y105 62 800 SH   DFND 1 0 800 0
Microsoft Corporation Common 594918104 158 1,000 SH   DFND 1 0 1,000 0
Microsoft Corporation Common 594918104 63 400 SH   DFND 1 0 400 0
Mondelez Int'l Inc. Common 609207105 651 13,000 SH   DFND 1 0 13,000 0
Mondelez Int'l Inc. Common 609207105 145 2,900 SH   DFND 1 0 2,900 0
Occidental Pete Corp Common 674599105 15 1,273 SH   DFND 1 0 1,273 0
Occidental Pete Corp Common 674599105 20 1,700 SH   DFND 1 0 1,700 0
Peoples United Financial Common 712704105 17 1,500 SH   DFND 1 0 1,500 0
Pfizer Inc. Common 717081103 3,297 101,000 SH   DFND 1 0 101,000 0
Pfizer Inc. Common 717081103 1,009 30,900 SH   DFND 1 0 30,900 0
PUTS/CEL-SCI Corporation @5 Exp. 4/17/20 Common 9EDXJT914 25 49 SH   DFND 2 0 49 0
PUTS/CEL-SCI Corporation @5 Exp. 6/19/20 Common 9EDXJT9R4 50 100 SH   DFND 2 0 100 0
Quotient Limited Common G73268107 405 102,427 SH   DFND 2 0 102,427 0
RA Pharmaceuticals Inc. Common 74933V108 307 6,400 SH   DFND 2 0 6,400 0
Radius Health Inc. Common 750469207 559 43,034 SH   DFND 2 0 43,034 0
RMR Group Inc. Common 74967R106 0 16 SH   DFND 1 0 16 0
Ryman Hospitality Ppty Inc. Common 78377T107 430 12,000 SH   DFND 1 0 12,000 0
Ryman Hospitality Ppty Inc. Common 78377T107 14 400 SH   DFND 1 0 400 0
Sculptor Capital Management Common 811246107 3 200 SH   DFND 1 0 200 0
Service Ppty Trust Common 81761L102 5 1,000 SH   DFND 1 0 1,000 0
Starwood Ppty Common 85571B105 4 400 SH   DFND 1 0 400 0
Stemline Therapeutics, Inc. Common 85858C107 435 89,864 SH   DFND 2 0 89,864 0
Stericycle, Inc. Common 858912108 13,072 269,083 SH   DFND 2 0 269,083 0
Strongbridge Biopharma PLC Common G85347105 344 181,800 SH   DFND 2 0 181,800 0
The Kraft Heinz Company Common 500754106 30 1,199 SH   DFND 1 0 1,199 0
The Kraft Heinz Company Common 500754106 75 3,035 SH   DFND 1 0 3,035 0
Total SA Common 89151E109 19 500 SH   DFND 1 0 500 0
Total SA Common 89151E109 88 2,360 SH   DFND 1 0 2,360 0
Trillium Therapeutics Inc. Common 89620X506 551 136,500 SH   DFND 2 0 136,500 0
uniQure N.V. Common N90064101 675 14,220 SH   DFND 2 0 14,220 0
Upland Software, Inc. Common 91544A109 11,077 413,000 SH   DFND 2 0 413,000 0
Valley National Bancorp Common 919794107 23 3,200 SH   DFND 1 0 3,200 0
Valley National Bancorp Common 919794107 68 9,280 SH   DFND 1 0 9,280 0
Verizon Communications Inc. Common 92343V104 913 16,991 SH   DFND 1 0 16,991 0
Verizon Communications Inc. Common 92343V104 71 1,320 SH   DFND 1 0 1,320 0
Verrica Pharmaceuticals, Inc. Common 92511W108 161 14,747 SH   DFND 2 0 14,747 0
Viking Therapeutics, Inc. Common 92686J106 1,021 218,102 SH   DFND 2 0 218,102 0
WABTEC Common 929740108 0 6 SH   DFND 1 0 6 0
WABTEC Common 929740108 1 17 SH   DFND 1 0 17 0
Wheeler Real Estate Investment Trust, Inc. Common 963025606 126 14,309 SH   DFND 2 0 14,309 0
WP Carey Common 92936U109 348 6,000 SH   DFND 1 0 6,000 0
Xenon Pharmaceuticals Inc. Common 98420N105 1,987 175,204 SH   DFND 2 0 175,204 0
Zogenix, Inc. Common 98978L204 1,305 52,765 SH   DFND 2 0 52,765 0