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Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Commissions and fees $ 2,767,000 $ 2,595,000 $ 8,656,000 $ 11,632,000
Investment banking 464,000 875,000 1,945,000 2,582,000
Trading profits 420,000 585,000 1,562,000 1,979,000
Interest and dividends 15,000 18,000 47,000 58,000
Total 3,666,000 4,073,000 12,210,000 16,251,000
Expenses:        
Employee compensation and benefits 1,994,000 2,340,000 6,502,000 7,460,000
Clearing fees, including floor brokerage 595,000 508,000 1,854,000 2,142,000
Professional fees 2,107,000 1,069,000 4,060,000 2,679,000
Advertising and promotion 122,000 104,000 297,000 331,000
Communications 317,000 317,000 992,000 1,303,000
Occupancy 266,000 224,000 782,000 701,000
Write off of software development costs       433,000
Other general and administrative 651,000 634,000 1,760,000 1,938,000
Total 6,052,000 5,196,000 16,247,000 16,987,000
Income (loss) from equity investees 742,000 245,000 (329,000) 930,000
Provision for income taxes   34,000   34,000
Net (loss) income $ (1,644,000) $ (912,000) $ (4,366,000) $ 160,000
Net (loss) income per share of common stock - Basic and Diluted $ (0.07) $ (0.04) $ (0.20) $ 0.01
Weighted average shares outstanding - Basic and diluted 22,085,126 22,100,420 22,088,065 22,101,729