Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 70,067	$ 108,962
Receivables:
Securities borrowed	685,037	594,674
Due from brokers, dealers and clearing organizations	5,513	94,489
Customers	1,429	3,349
Other	5,895	5,227
Financial instruments owned, at fair value	94,923	166,047
Other investments, at cost	6,539	7,000
Goodwill and intangible assets	6,273	4,921
Furniture, equipment, software, and leasehold improvements, net of accumulated depreciation and amortization	15,071	15,388
Deferred tax assets, net of valuation allowance	37,497	28,648
Prepaid expenses and other assets	5,172	6,392
Total assets	933,416	1,035,097
Liabilities
Securities loaned	687,443	595,717
Financial instruments sold, not yet purchased, at fair value	1,934	121,310
Accrued compensation and benefits	13,325	34,571
Accounts payable, accrued expenses and other liabilities	19,947	23,093
Total liabilities	$ 722,649	$ 774,691
Commitments and Contingencies (Note 10)
Shareholders’ equity
Preferred Stock, $0.001 par value 100,000,000 authorized, none issued and outstanding	$ 0	$ 0
Common stock, $0.001 par value, 75,000,000 shares authorized, 6,795,342 and 8,388,697 shares issued and outstanding, respectively	7	8
Additional paid-in capital	259,011	302,720
Restricted stock units	35,929	34,353
Accumulated other comprehensive income, net of taxes	0	44
Accumulated deficit	(84,180)	(76,719)
Total shareholders’ equity	210,767	260,406
Total liabilities and shareholders’ equity	$ 933,416	$ 1,035,097