SEC Rule 11AC1-6 Quarterly Report for the Quarter ending March 31, 2006

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.
                                                                                   MW2
                                                    GOODWIN, BROWNING & LUNA SEC INC
                                                         COURTESY OF MAPLEWOOD INVT
                                                                  7801 ACADEMY BLVD NE
                                                                   BUILDING 2, SUITE 101
                                                                ALBUQUERQUE, NM  87109
                 SEC Rule 11Ac1-6, Quarterly Report for the Quarter Ending March 31, 2006
                                                  Securities Listed on The 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                       95.64%
     Limit orders as percentage of total non-directed orders                           4.36%
     Other orders as percentage of total non-directed orders                          0.00%
    Venues Receiving Significant Percentage of Total Non-Directed Orders :
        1.  The Boston Stock Exchange                                                       30.73%
        2.  The New York Stock Exchange                                                   18.00%
        3.  Other                                                                                  16.36%
        4.  Knight Capital Markets, L.L.C.                                                      12.73%
        5.  Madoff (Bernard L.) Investment Securities, L                                     7.82%
        6.  The Chicago Stock Exchange                                                        5.45%
        7.  UBS Capital Markets L.P.                                                             3.82%
        8.  Automated Trading Desk Financial Services, L                                    3.45%
        9.  Maplewood Investment Advisors, Inc.                                              1.09%
      10.  National Financial Services LLC                                                     0.55%
    Information Concerning Significant Venues :
    1.   The Boston Stock Exchange
           Types of Orders Routed to Venue :
                Market orders as percentage of total market orders                       31.37%
                Limit orders as percentage of total limit orders                             16.67%
                Other orders as percentage of total other orders                            0.00%
    2.   The New York Stock Exchange
           Types of Orders Routed to Venue :
                Market orders as percentage of total market orders                       18.06%
                Limit orders as percentage of total limit orders                             16.67%
                Other orders as percentage of total other orders                            0.00%

 

    3.   Other
           Types of Orders Routed to Venue :
                Market orders as percentage of total market orders                       14.45%
                Limit orders as percentage of total limit orders                             58.33%
                Other orders as percentage of total other orders                            0.00%
    4.   Knight Capital Markets, L.L.C.
           Types of Orders Routed to Venue :
                Market orders as percentage of total market orders                       12.93%
                Limit orders as percentage of total limit orders                               8.33%
                Other orders as percentage of total other orders                            0.00%
    5.   Madoff (Bernard L.) Investment Securities, L
           Types of Orders Routed to Venue :
                Market orders as percentage of total market orders                         8.17%
                Limit orders as percentage of total limit orders                               0.00%
                Other orders as percentage of total other orders                            0.00%
    6.   The Chicago Stock Exchange
           Types of Orders Routed to Venue :
                Market orders as percentage of total market orders                         5.70%
                Limit orders as percentage of total limit orders                               0.00%
                Other orders as percentage of total other orders                            0.00%
    7.   UBS Capital Markets L.P.
           Types of Orders Routed to Venue :
                Market orders as percentage of total market orders                         3.99%
                Limit orders as percentage of total limit orders                               0.00%
                Other orders as percentage of total other orders                            0.00%
    8.   Automated Trading Desk Financial Services, L
           Types of Orders Routed to Venue :
                Market orders as percentage of total market orders                         3.61%
                Limit orders as percentage of total limit orders                               0.00%
                Other orders as percentage of total other orders                            0.00%
    9.   Maplewood Investment Advisors, Inc.
           Types of Orders Routed to Venue :
                Market orders as percentage of total market orders                         1.14%
                Limit orders as percentage of total limit orders                               0.00%
                Other orders as percentage of total other orders                            0.00%
    10. National Financial Services LLC
           Types of Orders Routed to Venue :
                Market orders as percentage of total market orders                         0.57%
                Limit orders as percentage of total limit orders                               0.00%
                Other orders as percentage of total other orders                            0.00%

 

                                                     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                       81.29%
     Limit orders as percentage of total non-directed orders                          18.71%
     Other orders as percentage of total non-directed orders                          0.00%
    Venues Receiving Significant Percentage of Total Non-Directed Orders :
        1.  National Financial Services LLC                                                   63.16%
        2.  Knight Equity Markets, L.P.                                                         30.41%
        3.  UBS Capital Markets L.P.                                                             2.92%
        4.  Morgan Stanley & Co. Incorporated                                                 1.75%
        5.  Automated Trading Desk Financial Services, L                                    1.17%
        6.  Madoff (Bernard L.) Investment Securities, L                                     0.58%
    Information Concerning Significant Venues :
    1.   National Financial Services LLC
           Types of Orders Routed to Venue :
                Market orders as percentage of total market orders                       74.10%
                Limit orders as percentage of total limit orders                             15.63%
                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                       17.99%
                Limit orders as percentage of total limit orders                             84.38%
                Other orders as percentage of total other orders                            0.00%
    3.   UBS Capital Markets L.P.
           Types of Orders Routed to Venue :
                Market orders as percentage of total market orders                         3.60%
                Limit orders as percentage of total limit orders                               0.00%
                Other orders as percentage of total other orders                            0.00%
    4.   Morgan Stanley & Co. Incorporated
           Types of Orders Routed to Venue :
                Market orders as percentage of total market orders                         2.16%
                Limit orders as percentage of total limit orders                               0.00%
                Other orders as percentage of total other orders                            0.00%
    5.   Automated Trading Desk Financial Services, L
           Types of Orders Routed to Venue :
                Market orders as percentage of total market orders                         1.44%
                Limit orders as percentage of total limit orders                               0.00%
                Other orders as percentage of total other orders                            0.00%

 

    6.   Madoff (Bernard L.) Investment Securities, L
           Types of Orders Routed to Venue :
                Market orders as percentage of total market orders                         0.72%
                Limit orders as percentage of total limit orders                               0.00%
                Other orders as percentage of total other orders                            0.00%

 

                                 Securities Listed on The American Stock Exchange 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                       95.12%
     Limit orders as percentage of total non-directed orders                           4.88%
     Other orders as percentage of total non-directed orders                          0.00%
    Venues Receiving Significant Percentage of Total Non-Directed Orders :
        1.  The American Stock Exchange                                                    35.37%
        2.  The Boston Stock Exchange                                                       19.51%
        3.  Knight Capital Markets, L.L.C.                                                      14.63%
        4.  UBS Capital Markets L.P.                                                           13.41%
        5.  Maplewood Investment Advisors, Inc.                                              8.54%
        6.  The Chicago Stock Exchange                                                        7.32%
        7.  Automated Trading Desk Financial Services, L                                    1.22%
    Information Concerning Significant Venues :
    1.   The American Stock Exchange
           Types of Orders Routed to Venue :
                Market orders as percentage of total market orders                       33.33%
                Limit orders as percentage of total limit orders                             75.00%
                Other orders as percentage of total other orders                            0.00%
    2.   The Boston Stock Exchange
           Types of Orders Routed to Venue :
                Market orders as percentage of total market orders                       20.51%
                Limit orders as percentage of total limit orders                               0.00%
                Other orders as percentage of total other orders                            0.00%
    3.   Knight Capital Markets, L.L.C.
           Types of Orders Routed to Venue :
                Market orders as percentage of total market orders                       15.38%
                Limit orders as percentage of total limit orders                               0.00%
                Other orders as percentage of total other orders                            0.00%
    4.   UBS Capital Markets L.P.
           Types of Orders Routed to Venue :
                Market orders as percentage of total market orders                       14.10%
                Limit orders as percentage of total limit orders                               0.00%
                Other orders as percentage of total other orders                            0.00%
    5.   Maplewood Investment Advisors, Inc.
           Types of Orders Routed to Venue :
                Market orders as percentage of total market orders                         8.97%
                Limit orders as percentage of total limit orders                               0.00%
                Other orders as percentage of total other orders                            0.00%

 

    6.   The Chicago Stock Exchange
           Types of Orders Routed to Venue :
                Market orders as percentage of total market orders                         6.41%
                Limit orders as percentage of total limit orders                             25.00%
                Other orders as percentage of total other orders                            0.00%
    7.   Automated Trading Desk Financial Services, L
           Types of Orders Routed to Venue :
                Market orders as percentage of total market orders                         1.28%
                Limit orders as percentage of total limit orders                               0.00%
                Other orders as percentage of total other orders                            0.00%

 

                                                                   Exchange – Listed Options
   Summary Statistics :
     Non-directed orders as percentage of total customer orders                     0.00%
     Market orders as percentage of total non-directed orders                         0.00%
     Limit orders as percentage of total non-directed orders                           0.00%
     Other orders as percentage of total non-directed orders                          0.00%