Kovack Advisors, Inc.

Q4 2017 13F Holdings Report, Restatement, Stock Holdings

Signature - Title: Susanne V. Rosenfeldt - CCO
Location: Ft. Lauderdale, FL
Holdings as of: December 31, 2017
Value $: $396M
Num holdings: 468
Date filed: 5/15/2018, 04:28 PM
Form type: 13F-HR/A-1 - Restatement
Description: All US holdings of this investor are reported in this report. Top holdings included AAPL, SPY, FVD, AMZN, and VCSH.
Previous filing: Q3 2017 - Aug 2, 2018
Next filing: Q1 2018 - May 15, 2018
SEC: View on sec.gov

Sym	Weight	Trade Impact	Company	Class	Shares Change	Activity	Value Change $	Value $	* Price $	Shares	Principal
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Filing 2017 Q4 - Restatement compared to 2017 Q3 by default.

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* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.

Person Signing this Report on Behalf of Reporting Manager:

Name	Title	City, State	Date
Susanne V. Rosenfeldt	CCO	Ft. Lauderdale, Florida	5/15/2018