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Condensed Consolidated Statements of Operations (USD $)
3 Months Ended 9 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues        
Commissions $ 20,392,000 $ 19,416,000 $ 67,608,000 $ 56,634,000
Net dealer inventory gains 3,650,000 3,336,000 11,241,000 11,199,000
Investment banking 3,124,000 1,427,000 6,395,000 4,940,000
Total commission and fee revenues 27,166,000 24,179,000 85,244,000 72,773,000
Interest and dividends 870,000 746,000 2,718,000 1,856,000
Transfer fees and clearing services 1,834,000 1,912,000 6,823,000 6,672,000
Other 2,170,000 1,643,000 5,882,000 4,401,000
Total Revenues 32,040,000 28,480,000 100,667,000 85,702,000
Operating Expenses        
Commissions, compensation, and fees 28,708,000 26,375,000 89,890,000 77,856,000
Clearing fees 483,000 576,000 1,641,000 982,000
Communications 1,132,000 1,124,000 3,401,000 3,307,000
Occupancy, equipment and other administrative costs 976,000 848,000 3,072,000 3,146,000
Professional fees 410,000 687,000 1,399,000 1,785,000
Interest 280,000 459,000 864,000 1,056,000
Taxes, licenses, registration 399,000 442,000 1,202,000 1,306,000
Total Operating Expenses 32,388,000 30,511,000 101,469,000 89,438,000
Net Income (Loss) from Operations (348,000) (2,031,000) (802,000) (3,736,000)
Other Expense        
Increase in fair value of derivative liabilities     (1,603,000)  
Total Other Expense     (1,603,000)  
Net income (loss) before non-controlling interest (348,000) (2,031,000) (2,405,000) (3,736,000)
Non-controlling interest (21,000)   (24,000)  
Net income (loss) (327,000) (2,031,000) (2,381,000) (3,736,000)
Preferred stock dividends (103,000) (103,000) (310,000) (391,000)
Net income (loss) attributable to common stockholders $ (430,000) $ (2,134,000) $ (2,691,000) $ (4,127,000)
INCOME (LOSS) PER COMMON SHARE        
Net income (loss) attributable to common stockholders: Basic (in Dollars per share) $ (0.02) $ (0.12) $ (0.06) $ (0.24)
Net income (loss) attributable to common stockholders: Diluted (in Dollars per share) $ (0.02) $ (0.12) $ (0.06) $ (0.24)
Weighted average number of shares outstanding: Basic (in Shares) 20,446,704 17,276,704 19,444,396 17,209,396
Weighted average number of shares outstanding: Diluted (in Shares) 20,446,704 17,276,704 19,444,396 17,209,396