CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Revenues
Commissions	$ 1,200,179	$ 1,561,771	$ 2,218,360	$ 2,899,495
Principal transactions	(232,384)	(934,724)	35,378	16,898
Investment banking	816,660	1,601,688	1,061,695	4,222,869
Advisory and other	541,279	453,594	1,146,518	845,583
Total revenues	2,325,734	2,682,329	4,461,951	7,984,845
Operating expenses
Compensation and benefits	2,402,768	2,654,654	3,999,430	7,380,892
Brokerage and clearing fees	116,429	122,316	202,777	280,583
Professional services	74,225	182,803	147,255	454,386
Occupancy and equipment	356,263	393,632	693,296	887,077
Communication and technology	224,054	257,425	343,275	574,394
Depreciation and amortization	2,743	5,657	7,000	10,940
Travel and entertainment	45,459	126,709	105,636	202,252
Legal services	49,275	125,860	66,044	335,784
Cost of underwriting capital	3,200	35,600	49,600	152,600
Other	251,822	475,921	576,764	891,505
Total operating expenses	3,526,238	4,380,577	6,191,077	11,170,413
Operating loss	(1,200,504)	(1,698,248)	(1,729,126)	(3,185,568)
Other income	0	0	0	15,000
Interest income	775	3,745	1,559	4,978
Interest expense	(74,972)	(48,556)	(167,038)	(117,819)
Amortization of debt discount	(34,518)	(28,609)	(74,192)	(56,736)
Loss on early extinguishment of debt	0	0	(293,347)	0
Loss on equity exchange	0	(903,553)	0	(1,086,329)
Net loss	$ (1,309,219)	$ (2,675,221)	$ (2,262,144)	$ (4,426,474)
Basic and diluted net loss per share (in dollars per share)	$ (0.01)	$ (0.48)	$ (0.04)	$ (0.73)
Weighted average number of common shares Basic and diluted (in shares)	111,860,715	5,538,054	61,043,466	6,041,486