DISCONTINUED OPERATIONS (Tables)

3 Months Ended

Sep. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations [Table Text Block]

The components of loss from discontinued operations were as follows for the three months ended September 30, 2016, and September 30, 2015:

	Three Months Ended September 30,
(dollars in thousands)	2016		2015
Revenues
Distribution fees	$	-	$	244
Shareholder services fees		-		103
		-		347
Expenses
Employee compensation and benefits		-		89
General and administrative		-		49
Platform fees		-		195
Advertising		-		7
		-		340
Income from discontinued operations of distributor before income taxes		-		7
Tax expense		-		-
Income from discontinued operations of distributor	$	-	$	7