Consolidated Statements of Financial Condition (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Cash and cash equivalents:
Unrestricted	$ 4,972	$ 5,789
Restricted	1,223	1,602
Total cash and cash equivalents	6,195	7,391
Financial instruments owned, at fair value:
Corporate equity securities	2,679	5,064
Merchant banking investments	4,645	9,559
Derivatives	3,824	4,767
Fixed income	326	1,093
Other investments	1,332	1,379
Total financial instruments owned, at fair value	12,806	21,862
Private placement and other fees receivable	1,077	1,766
Receivable from brokers, dealers & clearing agencies	2,176	1,828
Prepaid expenses	516	512
Property and equipment, net	2,347	3,027
Other assets	2,837	2,440
Other intangible assets, net	215	0
Total Assets	28,169	38,826
Liabilities and Stockholders’ Equity
Accrued compensation payable	2,632	5,924
Accounts payable and accrued expenses	4,219	4,610
Financial instruments sold, not yet purchased, at fair value
Corporate equity securities	267	1,643
Derivatives	71	0
Total financial instruments sold, not yet purchased, at fair value	338	1,643
Long term convertible debt	5,910	5,997
Total Liabilities	13,099	18,174
Commitments and contingencies (See Note 7)
Stockholders’ Equity
Common stock, $0.001, par value; 100,000,000 shares authorized; 32,582,499 and 33,672,699 issued as of June 30, 2012 and December 31, 2011, respectively	33	34
Preferred stock, $0.001 par value; 1,000,000 authorized; none issued	0	0
Additional paid-in capital	75,606	74,221
Treasury stock, no shares and 100,000 shares as of June 30, 2012 and December 31, 2011, respectively	0	(46)
Accumulated deficit	(60,569)	(53,557)
Total Stockholders’ Equity	15,070	20,652
Total Liabilities and Stockholders’ Equity	$ 28,169	$ 38,826