Securities Listed on OTC
J.D. Seibert & Co., Inc. – 1^st Quarter 2005

Summary Statistics:

Non-directed orders as percentage of total customer orders   620/620
Market orders as percentage of total non-directed orders     356/620
Limit orders as percentage of total non-directed orders      242/620
Other orders as percentage of total non-directed orders      22/620

Venues receiving significant percentage of total non-directed orders:

Knight Securities                                            608/620
Charles Schwab                                               12/620

Information Concerning significant Venues:

Knight Securities

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             233/242
Market orders as percentage of total market orders           353/356
Other orders as percentage of total other orders             22/22


Charles Schwab

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             9/242
Market orders as percentage of total market orders           3/356