Statements of Operations (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Revenues:
Commissions and fees	$ 3,539,000	$ 6,624,000	$ 7,484,000	$ 10,332,000
Investment banking	406,000	413,000	1,578,000	760,000
Trading profits	526,000	323,000	903,000	557,000
Interest and dividends	27,000	36,000	36,000	60,000
Total Revenues	4,498,000	7,396,000	10,001,000	11,709,000
Expenses:
Employee compensation and benefits	2,380,000	2,396,000	4,842,000	4,852,000
Clearing fees, including floor brokerage	690,000	693,000	1,614,000	1,945,000
Professional fees	1,400,000	1,679,000	2,813,000	3,809,000
Advertising and promotion	93,000	110,000	193,000	253,000
Communications	527,000	620,000	1,084,000	1,269,000
Occupancy	272,000	338,000	543,000	649,000
Other general and administrative	633,000	716,000	1,318,000	1,400,000
Total Expenses	5,995,000	6,552,000	12,407,000	14,177,000
(Loss) income from equity investees	(292,000)	501,000	(1,376,000)	1,824,000
Loss before income taxes	(1,789,000)	1,345,000	(3,782,000)	(644,000)
Income tax expense (benefit)	1,000	563,000	12,000	(232,000)
Net loss	$ (1,790,000)	$ 782,000	$ (3,794,000)	$ (412,000)
Net loss per share of common stock - Basic and Diluted	$ (0.08)	$ 0.04	$ (0.17)	$ (0.02)
Weighted average shares outstanding - Diluted	22,118,162	22,177,524	22,119,667	22,179,801
Weighted average shares outstanding - Basic	22,118,162	22,178,328	22,119,667	22,179,801