Consolidated Statements of (Loss) Income (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
REVENUE
Fee and other revenue	$ 326,706	$ 304,074	$ 641,624	$ 594,083
Investment revenue	3,436	5,879	6,613	9,894
Total revenue	330,142	309,953	648,237	603,977
EXPENSES
Fee and other commissions expense	146,673	135,561	288,588	264,621
Investment commissions expense	103	111	180	251
Total commissions expense	146,776	135,672	288,768	264,872
Compensation and benefits	59,030	57,913	118,094	117,208
Transaction and operations support	98,008	58,594	156,222	109,003
Occupancy, equipment and supplies	12,142	11,637	24,353	23,390
Depreciation and amortization	11,053	11,879	21,736	23,545
Total operating expenses	327,009	275,695	609,173	538,018
OPERATING INCOME	3,133	34,258	39,064	65,959
Other (income) expense
Net securities gains		(32,816)		(32,816)
Interest expense	17,637	22,873	35,520	43,486
Other	347	14,856	347	14,856
Total other expenses, net	17,984	4,913	35,867	25,526
(Loss) income before income taxes	(14,851)	29,345	3,197	40,433
Income tax expense (benefit)	10,205	2,941	17,984	(16)
NET (LOSS) INCOME	(25,056)	26,404	(14,787)	40,449
LOSS PER COMMON SHARE
Basic and diluted	$ (0.35)	$ (10.97)	$ (0.21)	$ (18.10)
Net loss available to common stockholders:
Net (loss) income as reported	(25,056)	26,404	(14,787)	40,449
Accrued dividends on mezzanine equity				(30,934)
Accretion on mezzanine equity		(77,465)		(80,023)
Additional consideration issued in connection with conversion of mezzanine equity		(366,797)		(366,797)
Cash dividends paid on mezzanine equity		(20,477)		(20,477)
Net loss available to common stockholders	$ (25,056)	$ (438,335)	$ (14,787)	$ (457,782)
Weighted-average outstanding common shares and equivalents used in computing earnings per share
Basic and diluted	71,502	39,959	71,496	25,288