Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Revenues:
Commissions and fees	$ 3,607,000	$ 2,875,000	$ 11,091,000	$ 13,207,000
Investment banking	1,737,000	552,000	3,315,000	1,312,000
Trading profits	503,000	282,000	1,406,000	839,000
Interest and dividends	10,000	33,000	46,000	93,000
Total Revenues	5,857,000	3,742,000	15,858,000	15,451,000
Expenses:
Employee compensation and benefits	2,923,000	2,172,000	7,765,000	7,024,000
Clearing fees, including floor brokerage	745,000	669,000	2,359,000	2,614,000
Professional fees	1,183,000	1,511,000	3,996,000	5,320,000
Advertising and promotion	112,000	111,000	305,000	364,000
Communications	537,000	542,000	1,621,000	1,811,000
Occupancy	279,000	321,000	822,000	970,000
Other general and administrative	642,000	760,000	1,960,000	2,160,000
Provision for loss related to litigation	1,000,000	0	1,000,000	0
Total Expenses	7,421,000	6,086,000	19,828,000	20,263,000
(Loss) income from equity investees	974,000	628,000	(402,000)	2,452,000
Loss before income taxes	(590,000)	(1,716,000)	(4,372,000)	(2,360,000)
Provision for income taxes	1,000	1,842,000	13,000	1,610,000
Net loss	$ (591,000)	$ (3,558,000)	$ (4,385,000)	$ (3,970,000)
Net loss per share of common stock - Basic and Diluted	$ (0.03)	$ (0.16)	$ (0.2)	$ (0.18)
Weighted average shares outstanding - Basic and diluted	22,111,093	22,176,191	22,116,777	22,178,584