Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
  Malamed Adam Scott
 2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2012		 3. Issuer Name and Ticker or Trading Symbol
LADENBURG THALMANN FINANCIAL SERVICES INC [LTS]
(Last)
(First)
(Middle)
4400 BISCAYNE BLVD., 12TH FLOOR		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Operating Officer
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

MIAMI, FL 33137		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 128,478
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Warrant 09/11/2010 09/11/2016 Common Stock 301,500 $ 0.94 D  
Stock Option (Right to Purchase) 09/11/2010 09/11/2016 Common Stock 500,000 $ 1.05 D  
Stock Option (Right to Purchase) 10/30/2011(1) 10/30/2018 Common Stock 150,000 $ 1.58 D  
Stock Option (Right to Purchase) 01/14/2011(2) 01/14/2020 Common Stock 200,000 $ 0.9 D  
Stock Option (Right to Purchase) 03/21/2012(3) 03/21/2021 Common Stock 200,000 $ 1.28 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Malamed Adam Scott
4400 BISCAYNE BLVD., 12TH FLOOR
MIAMI, FL 33137		       Chief Operating Officer  

Signatures

/s/ Adam S. Malamed 01/03/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Options to purchase 112,500 shares of common stock are vested as of the date of this report. Options to purchase an additional 37,500 shares of common stock will vest on October 30, 2012.
(2) Options to purchase 50,000 shares of common stock are vested as of the date of this report. Options to purchase an additional 150,000 shares of common stock will vest in three equal annual installments commencing on January 14, 2012 if the Reporting Person is then still an employee of the Issuer.
(3) The option will vest in four equal annual installments commencing on March 21, 2012 provided that the Reporting Person is then still an employee of the Issuer.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.