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Condensed Consolidated Statements of Operations (USD $)
3 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Sep. 30, 2012
Sep. 30, 2011
Revenues            
Commissions $ 19,799,000 $ 18,328,000 $ 56,608,000 $ 51,927,000 $ 70,301,000 $ 85,296,000
Net dealer inventory gains 3,649,000 4,280,000 10,561,000 11,129,000 14,427,000 14,261,000
Investment banking 4,105,000 3,897,000 8,494,000 12,884,000 15,390,000 6,930,000
Total commission and fee revenues         100,118,000 106,487,000
Interest and dividends 880,000 772,000 2,930,000 2,138,000 2,996,000 3,586,000
Transfer fees and clearing services 1,810,000 1,658,000 5,850,000 5,629,000 7,196,000 8,528,000
Investment advisory fees 2,421,000 2,155,000 7,614,000 5,990,000 8,092,000 7,567,000
Other         246,000 353,000
Total Revenues 32,664,000 31,090,000 92,057,000 89,697,000 118,648,000 126,521,000
Operating Expenses            
Commissions, compensation and fees 28,242,000 26,473,000 79,407,000 78,885,000 103,800,000 113,325,000
Clearing fees 552,000 421,000 1,549,000 1,256,000 1,662,000 2,107,000
Communications 1,174,000 1,157,000 3,437,000 3,519,000 4,731,000 4,571,000
Occupancy, equipment and other administrative costs 663,000 972,000 2,417,000 3,178,000 4,189,000 5,052,000
Professional fees 781,000 803,000 2,316,000 1,979,000 2,714,000 1,831,000
Interest 10,000 213,000 240,000 764,000 916,000 1,147,000
Taxes, licenses, registration 437,000 381,000 1,214,000 1,182,000 1,536,000 1,639,000
Total Operating Expenses 31,859,000 30,420,000 90,580,000 90,763,000 119,548,000 129,672,000
Net Income (Loss) from Operations 805,000 670,000 1,477,000 (1,066,000) (900,000) (3,151,000)
Other Expenses            
Loss on disposition of unconsolidated joint venture       (1,051,000) (1,051,000)  
Loss on investment in unaffiliated entity     (162,000)      
Change in fair value of derivative           (1,603,000)
Income tax expense - Current     (60,000)      
Total Other Expenses     (222,000) (1,051,000) (1,051,000) (1,603,000)
Net income (loss) before non-controlling interest 805,000 670,000 1,255,000 (2,117,000) (1,951,000) (4,754,000)
Non-controlling interest   9,000 (3,000) (8,000) (14,000) (41,000)
Net income (loss) 805,000 661,000 1,258,000 (2,109,000) (1,937,000) (4,713,000)
Preferred stock dividends       (93,000) (93,000) (414,000)
Net income (loss) attributable to common stockholders $ 805,000 $ 661,000 $ 1,258,000 $ (2,202,000) $ (2,030,000) $ (5,127,000)
Net income (loss) attributable to common stockholders: Basic (in Dollars per share) $ 0.01 $ 0.03 $ 0.02 $ (0.09) $ (0.08) $ (0.18)
Net income (loss) attributable to common stockholders: Diluted (in Dollars per share) $ 0.01 $ 0.02 $ 0.02 $ (0.09) $ (0.08) $ (0.18)
Net income (loss) attributable to common stockholders: Basic and Diluted (in Dollars per share)         $ 0 $ 0
Weighted average number of shares outstanding: Basic (in Shares) 89,016,988 26,088,530 62,580,749 24,597,181 25,014,166 19,697,033
Weighted average number of shares outstanding: Diluted (in Shares) 89,016,988 45,380,222 66,596,691 24,597,181 25,014,166 19,697,033