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MORGAN STANLEY
> AFN
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2009 | Cohen & Co Inc. | AFN | 79,027 | -614 | 99,000 | 37,000 | $1.25 |
| 06/30/2009 | Cohen & Co Inc. | AFN | 79,641 | -20,900 | 62,000 | 14,000 | $0.78 |
| 03/31/2009 | Cohen & Co Inc. | AFN | 100,541 | -8,988 | 48,000 | 0 | $0.48 |
| 12/31/2008 | Cohen & Co Inc. | AFN | 109,529 | -26,802 | 48,000 | -75,000 | $0.44 |
| 09/30/2008 | Cohen & Co Inc. | AFN | 136,331 | -116,627 | 123,000 | -383,000 | $0.90 |
| 06/30/2008 | Cohen & Co Inc. | AFN | 252,958 | 209,449 | 506,000 | 360,000 | $2.00 |
| 12/31/2007 | Cohen & Co Inc. | AFN | 43,509 | -2,665 | 146,000 | -81,000 | $3.36 |
| 09/30/2007 | Cohen & Co Inc. | AFN | 46,174 | -358,171 | 227,000 | -3,295,000 | $4.92 |
| 06/30/2007 | Cohen & Co Inc. | AFN | 202,017 | -202,328 | 1,642,000 | -1,880,000 | $8.13 |
| 03/31/2007 | Cohen & Co Inc. | AFN | 404,345 | 379,325 | 3,522,000 | 3,254,000 | $8.71 |
| 12/31/2006 | Cohen & Co Inc. | AFN | 25,020 | 25,020 | 268,000 | 268,000 | $10.71 |
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