FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                       
1. Name and Address of Reporting Person * WEDBUSH SECURITIES INC 2. Issuer Name and Ticker or Trading Symbol JMP GROUP LLC [ JMP ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)_____ Director                    __X__ 10% Owner
_____ Officer (give title below)    __X__ Other (specify below)
Possible Member of 10% Group
(Last)         (First)         (Middle)
1000 WILSHIRE BLVD., SUITE 900, ATTN: COMPLIANCE DEPT.		 3. Date of Earliest Transaction (MM/DD/YYYY)
2/11/2021
(Street)
LOS ANGELES, CA 90017
(City)       (State)       (Zip)
 4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
 6. Individual or Joint/Group Filing (Check Applicable Line) ___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Shares representing limited liability company interests in J  2/11/2021    P    194  A $4.7399 (1) 2019000  D   
Shares representing limited liability company interests in J  2/11/2021    P    194  A $4.7399  2019000 (1) I  Wedbush Capital may be deemed to have beneficial ownership of such shares as the sole equityhold (2)(3)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
(1)  Securities listed in Table I are intended as Passive Investment by Reporting Person.
(2)  This Form 4 is being filed by the undersigned. Wedbush Securities Inc. directly holds the securities of the Issuer.
(3)  For purposes of Section 16, each Reporting Person disclaims beneficial ownership of any such securities, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or otherwise.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
WEDBUSH SECURITIES INC
1000 WILSHIRE BLVD., SUITE 900
ATTN: COMPLIANCE DEPT.
LOS ANGELES, CA 90017
X
Possible Member of 10% Group
Wedbush Capital, Inc.
1000 WILSHIRE BLVD
LOS ANGELES, CA 90017
X
Possible Member of 10% Group

Signatures
/s/Gary Wedbush, President, Wedbush Securities 2/16/2021
**Signature of Reporting Person Date
/s/ Dan Simon, Director of Finance, Wedbush Capital 2/16/2021
**Signature of Reporting Person Date