SECURITIES SOLD, NOT YET PURCHASED - AT FAIR VALUE

9 Months Ended

Dec. 31, 2022

Investments, Debt and Equity Securities [Abstract]

SECURITIES SOLD, NOT YET PURCHASED - AT FAIR VALUE

SECURITIES SOLD, NOT YET PURCHASED – AT FAIR VALUE

The following table provides a reconciliation of the beginning and ending balances for securities sold, not yet purchased - at fair value by the Company, as of December 31, 2022, and March 31, 2022:

	Total
Balance as of March 31, 2021 (Recasted)	$	8,569
Short sales	7,055
Repurchase	(346)
Net gain on trading securities	(1,413)
Balance as of March 31, 2022 (Recasted)	$	13,865
Balance as of March 31, 2022 (Recasted)	$	13,865
Short sales	410
Repurchase	(15,627)
Net loss on trading securities	1,352
Balance as of December 31, 2022	$	—

A short sale involves the sale of a security that is not owned with the expectation of purchasing the same security (or a security exchangeable) at a later date at a lower price. A short sale involves the risk of a theoretically unlimited increase in the market price of the security that would result in a theoretically unlimited loss.