CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Assets
Cash and cash equivalents	$ 40,412	$ 44,868
Cash and securities segregated for regulatory and other purposes	6,000	13,000
Securities purchased under agreements to resell	20,816
Receivables from:
Brokers, dealers and clearing organizations	13,437	12,824
Related parties	1,474	1,474
Others	10,078	12,563
Financial instruments owned, at fair value (includes financial instruments pledged of $478,427 and $1,095,431 at March 31, 2013 and December 31, 2012, respectively)	479,232	1,096,181
Loans held for sale, ClearPoint, at fair value	7,693
Investments	21,597	20,478
Office equipment and leasehold improvements, net	4,507	5,311
Goodwill	1,212	1,212
Intangible assets	4,551	5,303
Income taxes receivable	4,379	7,394
Deferred tax assets, net	0
Other assets	10,008	9,030
Total Assets	625,396	1,229,638
Payables to:
Brokers, dealers and clearing organizations	409,213	638,009
Related parties	2,984	2,944
Others	2,684	2,251
Securities sold under agreements to repurchase		159,386
Securities sold, but not yet purchased, at fair value	21,713	132,730
Secured borrowings, ClearPoint	4,272	64,908
Accrued compensation	9,568	34,199
Accounts payable and accrued expenses	7,519	9,866
Income taxes payable	3,827	3,755
Subordinated debt	595	595
Total Liabilities	462,375	1,048,643
Commitments and Contingencies (Refer to Note 16)
Stockholders' Equity
Common stock; $.01 par value; authorized 200,000,000 shares, issued 133,769,219 and 133,769,219 shares; and outstanding 122,942,752 and 124,440,655 shares, at March 31, 2013 and December 31, 2012, respectively	1,337	1,337
Additional paid-in capital	454,779	453,938
Deferred compensation	124	124
Accumulated deficit	(281,548)	(263,577)
Treasury stock, at cost (10,826,427 shares and 9,328,564 shares, at March 31, 2013 and December 31, 2012, respectively)	(11,671)	(10,827)
Total Stockholders' Equity	163,021	180,995
Total Liabilities and Stockholders' Equity	$ 625,396	$ 1,229,638