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Securities Owned
6 Months Ended
Jun. 30, 2011
Securities Owned  
Securities Owned

4. Securities Owned

Securities owned primarily consist of short-term investments in government debt.

Total securities owned were $12.8 million and $11.1 million as of June 30, 2011 and December 31, 2010, respectively. Securities owned consisted of the following (in thousands):

 

     June 30,
2011
     December 31,
2010
 

Government debt

   $ 12,005       $ 11,009   

Equities

     826         87   
  

 

 

    

 

 

 

Total

   $ 12,831       $ 11,096   
  

 

 

    

 

 

 
     

As of June 30, 2011, the Company did not pledge any of the securities owned to satisfy deposit requirements at various exchanges or clearing organizations.