CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Assets
Cash and cash equivalents	$ 88,498	$ 44,868
Cash and securities segregated for regulatory and other purposes	6,000	13,000
Receivables from:
Brokers, dealers and clearing organizations	9,249	12,824
Related parties	1,500	1,474
Others	2,407	12,563
Financial instruments owned, at fair value (includes financial instruments pledged of $0 and $1,095,431 at June 30, 2013 and December 31, 2012, respectively)	867	1,096,181
Investments	20,995	20,478
Office equipment and leasehold improvements, net	772	5,311
Goodwill		1,212
Intangible assets		5,303
Income taxes receivable	4,418	7,394
Other assets	9,184	9,030
Total Assets	143,890	1,229,638
Payables to:
Brokers, dealers and clearing organizations		638,009
Related parties	1,163	2,944
Others	1,662	2,251
Securities sold under agreements to repurchase		159,386
Securities sold, but not yet purchased, at fair value		132,730
Secured borrowings, ClearPoint		64,908
Accrued compensation	2,116	34,199
Restructuring reserve (Refer to Note 20)	23,642
Accounts payable and accrued expenses	6,089	9,866
Income taxes payable	3,896	3,755
Subordinated debt	409	595
Total Liabilities	38,977	1,048,643
Commitments and Contingencies (Refer to Note 15)
Stockholders' Equity
Common stock; $.01 par value; authorized 10,000,000 shares, issued 6,688,387 and 6,688,387 shares; and outstanding 6,158,340 and 6,221,959 shares, at June 30, 2013 and December 31, 2012, respectively	1,337	1,337
Additional paid-in capital	457,540	453,938
Deferred compensation	101	124
Accumulated deficit	(343,043)	(263,577)
Treasury stock, at cost (530,047 shares and 466,428 shares, at June 30, 2013 and December 31, 2012, respectively)	(11,022)	(10,827)
Total Stockholders' Equity	104,913	180,995
Total Liabilities and Stockholders' Equity	$ 143,890	$ 1,229,638