Statements of Financial Condition (Subsidiary Company, USD $)	Dec. 31, 2011	Dec. 31, 2010
Subsidiary Company
ASSETS
Cash and cash equivalents	$ 27,881,153	$ 19,859,779
Accounts receivable	218,522	2,478,545
Securities owned, at fair value		11,816,604
Due from broker	3,125
Receivable from affiliate	33,595	25,354
Secured demand note	1,200,000	1,200,000
Furniture, equipment and leasehold improvements, net	1,227,240	1,418,348
Other assets	839,561	942,464
Total	31,403,196	37,741,094
Liabilities:
Payable to affiliate	52,436	93,627
Due to broker		505,605
Accounts payable and accrued expenses	6,652,981	15,989,159
Deferred rent	686,663	741,551
Subordinated debt	7,200,000	1,200,000
Total liabilities	14,592,080	18,529,942
Members' capital	16,811,116	19,211,152
Total Liabilities and Stockholders Equity	$ 31,403,196	$ 37,741,094