SECURITIES OWNED AND SECURITIES SOLD, BUT NOT YET PURCHASED AT FAIR VALUE (Tables)

6 Months Ended

Mar. 31, 2016

Schedule of Investments [Abstract]

Schedule of Securities Owned and Sold, Not yet Purchased

Classification of securities are as follows:

Fair Value Measurements

As of March 31, 2016
Securities owned at fair value	Level 1		Level 2		Level 3		Total
Corporate stocks	$	79,000	—		—		$	79,000
Municipal bonds	198,000		—		—		198,000
Restricted stock and warrants	—		233,000		—		233,000
	$	277,000	$	233,000	$	—	$	510,000

Securities sold, not yet purchased at fair value	Level 1		Level 2		Level 3		Total
Corporate stocks	$	1,000	$	—	$	—	$	1,000
	$	1,000	$	—	$	—	$	1,000

As of September 30, 2015
Securities owned at fair value	Level 1		Level 2		Level 3		Total
Corporate stocks	$	44,000	—		—		$	44,000
Municipal bonds	638,000		—		—		638,000
Restricted stock and warrants	—		205,000		—		205,000
	$	682,000	$	205,000	$	—	$	887,000

Securities sold, but not yet purchased at fair value	Level 1		Level 2	Level 3	Total
Corporate stocks	$	32,000	—	—	$	32,000