CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Revenues:
Principal transactions	$ 32,560	$ 33,035	$ 95,970	$ 79,341
Commissions	4,109	5,139	9,097	9,304
Investment banking	10,042	5,777	20,364	20,575
Investment banking revenues from related party		1,050		1,350
Investment gains/(losses), net	368	(1,662)	(318)	(1,512)
Interest income	14,885	12,379	29,958	28,540
Gain from bargain purchase - ClearPoint Funding, Inc. acquisition (See Note 11)			2,330
Fees and other	2,401	1,575	4,215	2,485
Total revenues	64,365	57,293	161,616	140,083
Interest expense	3,057	2,760	5,649	6,247
Net revenues	61,308	54,533	155,967	133,836
Expenses (excluding interest):
Compensation and benefits	40,298	44,875	104,871	113,076
Impairment of goodwill and intangible assets (See Note 12)	14,311		14,311
Clearing, settlement and brokerage	5,871	1,684	11,266	3,164
Communications and data processing	3,903	3,533	7,916	6,635
Occupancy, depreciation and amortization	2,478	5,671	4,693	7,917
Selling	2,281	1,273	3,963	2,468
Other	4,494	4,534	9,010	9,667
Total expenses (excluding interest)	73,636	61,570	156,030	142,927
Loss before income taxes	(12,328)	(7,037)	(63)	(9,091)
Income tax (benefit)/expense	(1,322)	(1,800)	3,739	(3,643)
Net loss	$ (11,006)	$ (5,237)	$ (3,802)	$ (5,448)
Per share data:
Basic loss per share (in dollars per share)	$ (0.09)	$ (0.04)	$ (0.03)	$ (0.05)
Diluted loss per share (in dollars per share)	$ (0.09)	$ (0.04)	$ (0.03)	$ (0.05)
Weighted average shares of common stock:
Basic (in shares)	124,061	121,128	123,825	120,546
Diluted (in shares)	124,061	121,128	123,825	120,546