COMMITMENTS AND CONTINGENCIES	3 Months Ended
Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 19 - COMMITMENTS AND CONTINGENCIES As of March 31, 2016, except for executive compensation, the Company did not believe it was probable that any payments would be required under any of its contingencies and, accordingly, no liabilities were recorded in the consolidated financial statements. The Company's commitments and contingencies as of March 31, 2016 were as follows: Corporate Broker-dealer capital requirement. Resource Securities serves as a dealer-manager for the sale of securities of direct participation investment programs, both public and private, sponsored by subsidiaries of the Company who also serve as general partners and/or managers of these programs. Additionally, Resource Securities serves as an introducing agent for transactions involving sales of securities of financial services companies, REITs and insurance companies for the Company and for RSO. As a broker-dealer, Resource Securities is required to maintain minimum net capital, as defined in regulations under the Securities Exchange Act of 1934, as amended, which was $100,000 and $259,000 as of March 31, 2016 and December 31, 2015, respectively. As of March 31, 2016 and December 31, 2015, Resource Securities net capital was $1.0 million and $1.0 million, respectively, which exceeded the minimum requirements by $902,000 and $780,000, respectively. Legal proceedings. The Company is also a party to various routine legal proceedings arising out of the ordinary course of business. Management believes that none of these actions, individually or, in the aggregate, will have a material adverse effect on the Company's consolidated financial condition or operations. Executive compensation. The Company is also party to employment agreements with certain executives that provide for compensation and other benefits, including severance payments under specified circumstances. Financial fund management Clawback liability. One of the Company's structured finance partnerships that invests in public and private regional banks has a potential clawback of up to 75% of the management fees paid to the Company ($1.3 million as of March 31, 2016) to the extent that the limited partners’ aggregate capital contributions exceed the total partner distributions from the fund. As of March 31, 2016, the fair value of the fund's assets were sufficient to cover the distribution requirement and, as such, no liability has been recorded for this contingency. Capital commitments. The Company is committed to fund the following investments: In connection with the Company's investment in CVC Credit Partners, in its capacity as the fund manager for some of its managed accounts/funds, the Company is contractually committed to invest capital along with third-party investors. Accordingly, as of March 31, 2016, the Company’s pro-rata portion of the unfunded capital commitments totaled $5.3 million across five such funds/accounts. The Company expects these unfunded commitments to be called over the next two years. On April 11, 2016, the Company signed an agreement to create a new joint venture, RRA CP LLC, along with two other members, to manage pools of residential real estate first and second lien loans and lines of credit, and other residential mortgage assets and residential real estate properties. The Company will have a 5% interest and will serve as the managing member of the joint venture. The joint venture’s planned initial investment is for approximately $25.0 million, of which the Company will be committed to fund approximately $1.2 million. This commitment is payable upon the execution of the final purchase and sale agreement which is planned to occur in May 2016. Real estate REIT capital commitments. As a specialized asset manager, the Company sponsors and manages investment funds in which it may make an equity investment along with outside investors. This equity investment is generally based on a percentage of funds raised and varies among investment programs. With respect to Apartment REIT III, in addition to the $200,000 initial capital investment, the Company is committed to invest up to 1% of the first $100.0 million of equity raised to a maximum of $1.0 million. The liability for these commitments will be recorded in the future as the amounts become due and payable. Pearlmark joint venture capital commitment. In connection with the Pearlmark joint venture, the Company is committed to fund up to $8.0 million, of which $7.0 million had been funded as of March 31, 2016. This funding is reflected as the Company's investment in Pearlmark and will have a preference in distributions, plus a 10% internal rate of return, from the joint venture before any monies will be distributed to the other investors. In April 2016, the Company provided an additional $1.0 million to Pearlmark which completed its funding commitment. In connection with the formation of Pearlmark's first fund offering, Pearlmark Mezzanine Realty Partners IV, L.P., the Company is committed to contribute up to a maximum of $1.7 million as a General Partner of the fund. As of March 31, 2016, the Company has funded $378,000 of that commitment. Commercial finance Commercial finance partnership guarantee. In connection with the sale of a portfolio of leases and notes by one of the Company's commercial finance partnerships, the Company provided a guarantee whereby the Company will reimburse the buyer in the event that one of the leases in the portfolio fails to make a $183,000 balloon payment on the due date. As of March 31, 2016, the lease is current and there is no indication that the payment will not be made timely; accordingly, no liability has been recorded for this contingency.

NOTE 19 - COMMITMENTS AND CONTINGENCIES

As of March 31, 2016, except for executive compensation, the Company did not believe it was probable that any payments would be required under any of its contingencies and, accordingly, no liabilities were recorded in the consolidated financial statements. The Company's commitments and contingencies as of March 31, 2016 were as follows:

Corporate

Broker-dealer capital requirement. Resource Securities serves as a dealer-manager for the sale of securities of direct participation investment programs, both public and private, sponsored by subsidiaries of the Company who also serve as general partners and/or managers of these programs. Additionally, Resource Securities serves as an introducing agent for transactions involving sales of securities of financial services companies, REITs and insurance companies for the Company and for RSO. As a broker-dealer, Resource Securities is required to maintain minimum net capital, as defined in regulations under the Securities Exchange Act of 1934, as amended, which was $100,000 and $259,000 as of March 31, 2016 and December 31, 2015, respectively. As of March 31, 2016 and December 31, 2015, Resource Securities net capital was $1.0 million and $1.0 million, respectively, which exceeded the minimum requirements by $902,000 and $780,000, respectively.

Legal proceedings. The Company is also a party to various routine legal proceedings arising out of the ordinary course of business. Management believes that none of these actions, individually or, in the aggregate, will have a material adverse effect on the Company's consolidated financial condition or operations.

Executive compensation. The Company is also party to employment agreements with certain executives that provide for compensation and other benefits, including severance payments under specified circumstances.

Financial fund management

Clawback liability. One of the Company's structured finance partnerships that invests in public and private regional banks has a potential clawback of up to 75% of the management fees paid to the Company ($1.3 million as of March 31, 2016) to the extent that the limited partners’ aggregate capital contributions exceed the total partner distributions from the fund. As of March 31, 2016, the fair value of the fund's assets were sufficient to cover the distribution requirement and, as such, no liability has been recorded for this contingency.

Capital commitments. The Company is committed to fund the following investments:

In connection with the Company's investment in CVC Credit Partners, in its capacity as the fund manager for some of its managed accounts/funds, the Company is contractually committed to invest capital along with third-party investors. Accordingly, as of March 31, 2016, the Company’s pro-rata portion of the unfunded capital commitments totaled $5.3 million across five such funds/accounts. The Company expects these unfunded commitments to be called over the next two years.

On April 11, 2016, the Company signed an agreement to create a new joint venture, RRA CP LLC, along with two other members, to manage pools of residential real estate first and second lien loans and lines of credit, and other residential mortgage assets and residential real estate properties. The Company will have a 5% interest and will serve as the managing member of the joint venture. The joint venture’s planned initial investment is for approximately $25.0 million, of which the Company will be committed to fund approximately $1.2 million. This commitment is payable upon the execution of the final purchase and sale agreement which is planned to occur in May 2016.

Real estate

REIT capital commitments. As a specialized asset manager, the Company sponsors and manages investment funds in which it may make an equity investment along with outside investors. This equity investment is generally based on a percentage of funds raised and varies among investment programs. With respect to Apartment REIT III, in addition to the $200,000 initial capital investment, the Company is committed to invest up to 1% of the first $100.0 million of equity raised to a maximum of $1.0 million. The liability for these commitments will be recorded in the future as the amounts become due and payable.

Pearlmark joint venture capital commitment. In connection with the Pearlmark joint venture, the Company is committed to fund up to $8.0 million, of which $7.0 million had been funded as of March 31, 2016. This funding is reflected as the Company's investment in Pearlmark and will have a preference in distributions, plus a 10% internal rate of return, from the joint venture before any monies will be distributed to the other investors. In April 2016, the Company provided an additional $1.0 million to Pearlmark which completed its funding commitment.

In connection with the formation of Pearlmark's first fund offering, Pearlmark Mezzanine Realty Partners IV, L.P., the Company is committed to contribute up to a maximum of $1.7 million as a General Partner of the fund. As of March 31, 2016, the Company has funded $378,000 of that commitment.

Commercial finance

Commercial finance partnership guarantee. In connection with the sale of a portfolio of leases and notes by one of the Company's commercial finance partnerships, the Company provided a guarantee whereby the Company will reimburse the buyer in the event that one of the leases in the portfolio fails to make a $183,000 balloon payment on the due date. As of March 31, 2016, the lease is current and there is no indication that the payment will not be made timely; accordingly, no liability has been recorded for this contingency.