Note:  Broker-dealers are required to disclose any material arrangements with the venues listed in  
	each section below, including, but not limited to, any internalization or payment for order flow
	arrangements.
	KH5
	JOSEPH GUNNAR & CO., LLC
	30 BROAD STREET
	11TH FLOOR
	NEW YORK, NY 10004
	SEC Rule 606 Quarterly Report for the Quarter Ending September 30, 2012
	Securities Listed on New York Stock Exchange
	Summary Statistics :
	Non-directed orders as percentage of total customer orders	100.00%
	Market orders as percentage of total non-directed orders	83.34%
	Limit orders as percentage of total non-directed orders	13.34%
	Other orders as percentage of total non-directed orders	3.33%
	Venues Receiving Significant Percentage of Total Non-Directed Orders :
	1.	Knight Capital Markets, LLC	              27.70%
	2.	UBS Securities, LLC	              16.95%
	3.	Citadel Securities LLC	              14.31%
	4.	National Financial Services LLC	              10.32%
	5.	Goldman, Sachs & Co.	                7.63%
	6.	Two Sigma Securities, LLC	                7.42%
	7.	Citigroup Global Markets, Inc.	                4.96%
	8.	Direct Edge Exchange	                3.49%
	9.	Instinet LLC	                1.56%
	10.	AlterNet Securities Inc.	                1.32%
	Information Concerning Significant Venues :
	1.	Knight Capital Markets, LLC
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	              28.23%
	Limit orders as percentage of total limit orders	              20.99%
	Other orders as percentage of total other orders	              41.27%
	2.	UBS Securities, LLC
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	              18.66%
	Limit orders as percentage of total limit orders	                3.96%
	Other orders as percentage of total other orders	              26.19%
	Page 1 of 8

	3.	Citadel Securities LLC
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	              14.10%
	Limit orders as percentage of total limit orders	              11.49%
	Other orders as percentage of total other orders	              30.95%
	4.	National Financial Services LLC
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	              11.63%
	Limit orders as percentage of total limit orders	                4.75%
	Other orders as percentage of total other orders	                0.00%
	5.	Goldman, Sachs & Co.
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	                8.78%
	Limit orders as percentage of total limit orders	                2.38%
	Other orders as percentage of total other orders	                0.00%
	6.	Two Sigma Securities, LLC
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	                8.40%
	Limit orders as percentage of total limit orders	                3.17%
	Other orders as percentage of total other orders	                0.00%
	7.	Citigroup Global Markets, Inc.
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	                5.26%
	Limit orders as percentage of total limit orders	                3.96%
	Other orders as percentage of total other orders	                1.59%
	8.	Direct Edge Exchange
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	                0.00%
	Limit orders as percentage of total limit orders	              26.14%
	Other orders as percentage of total other orders	                0.00%
	9.	Instinet LLC
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	                1.77%
	Limit orders as percentage of total limit orders	                0.59%
	Other orders as percentage of total other orders	                0.00%
	10.	AlterNet Securities Inc.
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	                1.58%
	Limit orders as percentage of total limit orders	                0.00%
	Other orders as percentage of total other orders	                0.00%
	Page 2 of 8

	Securities Listed on The Nasdaq Stock Market
	Summary Statistics :
	Non-directed orders as percentage of total customer orders	100.00%
	Market orders as percentage of total non-directed orders	79.59%
	Limit orders as percentage of total non-directed orders	17.40%
	Other orders as percentage of total non-directed orders	3.01%
	Venues Receiving Significant Percentage of Total Non-Directed Orders :
	1.	Citadel Securities LLC	              30.91%
	2.	Knight Equity Markets, L.P.	              19.76%
	3.	UBS Securities, LLC	              14.81%
	4.	National Financial Services LLC	                8.37%
	5.	Direct Edge Exchange	                5.84%
	6.	Citigroup Global Markets, Inc.	                5.71%
	7.	Goldman, Sachs & Co.	                5.29%
	8.	Two Sigma Securities, LLC	                3.17%
	9.	Instinet LLC	                1.44%
	10.	NYSE Arca	                1.41%
	Information Concerning Significant Venues :
	1.	Citadel Securities LLC
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	              37.26%
	Limit orders as percentage of total limit orders	                7.22%
	Other orders as percentage of total other orders	                0.00%
	2.	Knight Equity Markets, L.P.
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	              18.15%
	Limit orders as percentage of total limit orders	              19.40%
	Other orders as percentage of total other orders	              64.35%
	3.	UBS Securities, LLC
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	              15.46%
	Limit orders as percentage of total limit orders	                9.92%
	Other orders as percentage of total other orders	              26.09%
	4.	National Financial Services LLC
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	                8.98%
	Limit orders as percentage of total limit orders	                7.07%
	Other orders as percentage of total other orders	                0.00%
	5.	Direct Edge Exchange
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	                0.00%
	Limit orders as percentage of total limit orders	              33.53%
	Other orders as percentage of total other orders	                0.00%
	Page 3 of 8

	6.	Citigroup Global Markets, Inc.
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	                5.72%
	Limit orders as percentage of total limit orders	                4.96%
	Other orders as percentage of total other orders	                9.57%
	7.	Goldman, Sachs & Co.
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	                6.51%
	Limit orders as percentage of total limit orders	                0.60%
	Other orders as percentage of total other orders	                0.00%
	8.	Two Sigma Securities, LLC
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	                3.68%
	Limit orders as percentage of total limit orders	                1.35%
	Other orders as percentage of total other orders	                0.00%
	9.	Instinet LLC
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	                1.71%
	Limit orders as percentage of total limit orders	                0.45%
	Other orders as percentage of total other orders	                0.00%
	10.	NYSE Arca
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	                0.00%
	Limit orders as percentage of total limit orders	                8.12%
	Other orders as percentage of total other orders	                0.00%
	Page 4 of 8

	Securities Listed on NYSE MKT or Regional Exchanges
	Summary Statistics :
	Non-directed orders as percentage of total customer orders	100.00%
	Market orders as percentage of total non-directed orders	71.09%
	Limit orders as percentage of total non-directed orders	21.74%
	Other orders as percentage of total non-directed orders	7.17%
	Venues Receiving Significant Percentage of Total Non-Directed Orders :
	1.	Knight Capital Markets, LLC	              55.87%
	2.	Citigroup Global Markets, Inc.	                8.48%
	3.	UBS Securities, LLC	                7.39%
	4.	Citadel Securities LLC	                5.65%
	5.	Goldman, Sachs & Co.	                4.78%
	6.	Two Sigma Securities, LLC	                4.57%
	7.	Direct Edge Exchange	                3.48%
	8.	BATS Exchange, Inc.	                2.83%
	9.	National Financial Services LLC	                2.61%
	10.	Instinet LLC	                1.09%
	Information Concerning Significant Venues :
	1.	Knight Capital Markets, LLC
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	              65.44%
	Limit orders as percentage of total limit orders	              34.00%
	Other orders as percentage of total other orders	              27.27%
	2.	Citigroup Global Markets, Inc.
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	                8.26%
	Limit orders as percentage of total limit orders	              10.00%
	Other orders as percentage of total other orders	                6.06%
	3.	UBS Securities, LLC
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	                7.03%
	Limit orders as percentage of total limit orders	               4.00%
	Other orders as percentage of total other orders	              21.21%
	4.	Citadel Securities LLC
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	                2.14%
	Limit orders as percentage of total limit orders	               4.00%
	Other orders as percentage of total other orders	              45.45%
	5.	Goldman, Sachs & Co.
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	                6.42%
	Limit orders as percentage of total limit orders	               1.00%
	Other orders as percentage of total other orders	                0.00%
	Page 5 of 8

	6.	Two Sigma Securities, LLC
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	                6.12%
	Limit orders as percentage of total limit orders	               1.00%
	Other orders as percentage of total other orders	                0.00%
	7.	Direct Edge Exchange
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	                0.00%
	Limit orders as percentage of total limit orders	              16.00%
	Other orders as percentage of total other orders	                0.00%
	8.	BATS Exchange, Inc.
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	                0.00%
	Limit orders as percentage of total limit orders	              13.00%
	Other orders as percentage of total other orders	                0.00%
	9.	National Financial Services LLC
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	                1.83%
	Limit orders as percentage of total limit orders	               6.00%
	Other orders as percentage of total other orders	                0.00%
	10.	Instinet LLC
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	                1.53%
	Limit orders as percentage of total limit orders	                0.00%
	Other orders as percentage of total other orders	                0.00%
	Page 6 of 8

	Exchange - Listed Options
	Summary Statistics :
	Non-directed orders as percentage of total customer orders	100.00%
	Market orders as percentage of total non-directed orders	16.42%
	Limit orders as percentage of total non-directed orders	83.58%
	Other orders as percentage of total non-directed orders	0.00%
	Venues Receiving Significant Percentage of Total Non-Directed Orders :
	1.	The Chicago Board Options Stock Exchange	              38.19%
	2.	NASDAQ OMX PHLX	              16.75%
	3.	BATS Options Exchange, Inc.	              12.23%
	4.	Nasdaq Execution Services, LLC	                8.38%
	5.	NYSE MKT LLC	                8.04%
	6.	The Boston Option Exchange	                6.87%
	7.	NYSE Arca Options	                6.70%
	8.	The International Securities Exchange	                2.35%
	9.	C2 Options Exchange	                0.34%
	10.	Nasdaq OMX BX, Inc.	                0.17%
	Information Concerning Significant Venues :
	1.	The Chicago Board Options Stock Exchange
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	              37.76%
	Limit orders as percentage of total limit orders	              38.28%
	Other orders as percentage of total other orders	                0.00%
	2.	NASDAQ OMX PHLX
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	              13.27%
	Limit orders as percentage of total limit orders	              17.43%
	Other orders as percentage of total other orders	                0.00%
	3.	BATS Options Exchange, Inc.
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	                7.14%
	Limit orders as percentage of total limit orders	              13.23%
	Other orders as percentage of total other orders	                0.00%
	4.	Nasdaq Execution Services, LLC
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	                2.04%
	Limit orders as percentage of total limit orders	                9.62%
	Other orders as percentage of total other orders	                0.00%
	5.	NYSE MKT LLC
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	              14.29%
	Limit orders as percentage of total limit orders	                6.81%
	Other orders as percentage of total other orders	                0.00%
	Page 7 of 8

	6.	The Boston Option Exchange
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	              17.35%
	Limit orders as percentage of total limit orders	                4.81%
	Other orders as percentage of total other orders	                0.00%
	7.	NYSE Arca Options
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	                2.04%
	Limit orders as percentage of total limit orders	                7.62%
	Other orders as percentage of total other orders	                0.00%
	8.	The International Securities Exchange
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	                5.10%
	Limit orders as percentage of total limit orders	                1.80%
	Other orders as percentage of total other orders	                0.00%
	9.	C2 Options Exchange
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	                1.02%
	Limit orders as percentage of total limit orders	                0.20%
	Other orders as percentage of total other orders	                0.00%
	10.	Nasdaq OMX BX, Inc.
	Types of Orders Routed to Venue :
	Market orders as percentage of total market orders	                0.00%
	Limit orders as percentage of total limit orders	                0.20%
	Other orders as percentage of total other orders	                0.00%
	Page 8 of 8