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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Mar. 31, 2012
Revenues        
Commissions $ 20,769,000 $ 20,484,000 $ 36,809,000 $ 33,687,000
Net dealer inventory gains 4,310,000 3,686,000 6,912,000 6,762,000
Investment banking 2,334,000 4,232,000 4,389,000 8,987,000
Interest and dividends 1,004,000 663,000 2,050,000 1,366,000
Transfer fees and clearing services 2,033,000 2,141,000 4,040,000 3,971,000
Investment advisory fees and other income 2,499,000 2,003,000 5,193,000 3,835,000
Total Revenues 32,949,000 33,209,000 59,393,000 58,608,000
Operating Expenses        
Commissions, compensation and fees 28,329,000 29,682,000 51,164,000 52,412,000
Clearing fees 575,000 374,000 997,000 834,000
Communications 1,149,000 1,162,000 2,267,000 2,362,000
Occupancy, equipment and other administrative costs 981,000 1,345,000 1,754,000 2,206,000
Professional fees 764,000 643,000 1,535,000 1,174,000
Interest 66,000 276,000 230,000 552,000
Taxes, licenses, registration 369,000 440,000 777,000 803,000
Total Operating Expenses 32,233,000 33,922,000 58,724,000 60,343,000
Net Income (Loss) from Operations 716,000 (713,000) 669,000 (1,735,000)
Other Expenses        
Loss on disposition of unconsolidated joint venture   (1,051,000)   (1,051,000)
Loss on investment in unaffiliated entity (162,000)   (162,000)  
Income tax expense - Current (60,000)   (60,000)  
Total Other Expenses (222,000) (1,051,000) (222,000) (1,051,000)
Net income (loss) before non-controlling interest 494,000 (1,764,000) 447,000 (2,786,000)
Non-controlling interest   4,000 7,000 17,000
Net income (loss) 494,000 (1,760,000) 454,000 (2,769,000)
Preferred stock dividends       (93,000)
Net income (loss) attributable to common stockholders $ 494,000 $ (1,760,000) $ 454,000 $ (2,862,000)
Net income (loss) attributable to common stockholders (in Dollars per share) $ 0.01 $ (0.07) $ 0.01 $ (0.12)
Net income (loss) attributable to common stockholders: Diluted (in Dollars per share) $ 0.01 $ (0.07) $ 0.01 $ (0.12)
Weighted average number of shares outstanding: Basic (in Shares) 72,232,218 26,088,530 49,289,601 23,855,581
Weighted average number of shares outstanding: Diluted (in Shares) 74,743,336 26,088,530 55,324,608 23,855,581