Note 7 - Advances To Registered Representatives

3 Months Ended

Dec. 31, 2012

Investments in and Advances to Affiliates, Schedule of Investments [Text Block]

NOTE 7. ADVANCES TO REGISTERED REPRESENTATIVES

An analysis of advances to registered representatives for the quarter ended December 31, 2012 is as follows:

	Advances to Registered Representative
Balance, September 30, 2012	$	890,000
Advances		25,000
Amortization or repayment of advances		(82,000	)
Balance, December 31, 2012	$	833,000

There were no unamortized advances outstanding attributable to registered representatives who ended their affiliation with National Securities prior to the fulfillment of their obligation.