Securities Listed on OTC
J.D. Seibert & Co., Inc. – 4th Quarter 2005

Summary Statistics:

Non-directed orders as percentage of total customer orders   384/384
Market orders as percentage of total non-directed orders     241/384
Limit orders as percentage of total non-directed orders      138/384
Other orders as percentage of total non-directed orders      5/384

Venues receiving significant percentage of total non-directed orders:

Knight Securities                                            379/384
Charles Schwab                                               5/384

Information Concerning significant Venues:

Knight Securities

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             136/138
Market orders as percentage of total market orders           238/241
Other orders as percentage of total other orders             5/5


Charles Schwab

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             2/138
Market orders as percentage of total market orders           3/241