Balance Sheets (Unaudited) (USD $)	Jun. 30, 2011	Dec. 31, 2010
ASSETS
Cash and cash equivalents	$ 22,774,000	$ 22,646,000
Cash equivalents - restricted	1,532,000	1,532,000
Receivable from brokers	1,094,000	1,563,000
Securities owned, at fair value	1,119,000	1,116,000
Furniture, equipment and leasehold improvements, net	998,000	1,246,000
Investment in and advances to affiliates	7,252,000	9,816,000
Income tax refund receivable	288,000	795,000
Prepaid expenses and other assets	686,000	741,000
Intangibles, net	643,000	648,000
Total Assets	36,386,000	40,103,000
LIABILITIES AND STOCKHOLDERS EQUITY
Accounts payable and accrued liabilities	3,563,000	3,477,000
Stockholders equity:
Common stock, $.01 par value; 49,000,000 shares authorized, 23,211,846 shares issued and 22,115,523 and 22,122,678 outstanding at June 30, 2011 and December 31, 2010, respectively	232,000	232,000
Additional paid-in capital	19,488,000	19,484,000
Retained earnings	17,815,000	21,609,000
Less: 1,096,323 and 1,089,168 shares of treasury stock, at cost at June 30, 2011 and December 31, 2010, respectively	(4,712,000)	(4,699,000)
Total Stockholders Equity	32,823,000	36,626,000
Total Liabilities and Stockholders Equity	$ 36,386,000	$ 40,103,000