XML 53 R11.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 5 - Clearing Agreements
3 Months Ended
Dec. 31, 2013
Due to and from Broker-Dealers and Clearing Organizations [Abstract]  
Schedule of Due to (from) Broker-Dealers and Clearing Organizations [Table Text Block]

NOTE 5. CLEARING AGREEMENTS


National Securities Corporation and vFinance Investments, Inc. have separate but coterminous clearing agreements with National Financial Services, LLC with a termination date of February 1, 2015. The clearing agreement includes a termination fee if either broker dealer terminates the agreement without cause. The Broker Dealer Subsidiaries currently have clearing agreements with NFS, Legent, ICBC, Rosenthal, RJO and Southwest Securities.