On May 3, 2012, Institutional Financial Markets, Inc. issued a press release announcing its financial results for the first quarter ended March 31, 2012. A copy of the earnings release is attached hereto as Exhibit 99.1 to this report.

The information hereunder shall not be deemed to be "filed" for the purposes of
Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

(d) Exhibits.

Exhibit
Number                                    Description

99.1*        Press release dated May 3, 2012 announcing Institutional Financial
             Markets, Inc.'s financial results for the first quarter ended March
             31, 2012.

* Filed electronically herewith.