Consolidated Balance Sheets (Unaudited) (USD $)	Mar. 31, 2012	Dec. 31, 2011
ASSETS
Cash and cash equivalents	$ 20,545,000	$ 21,167,000
Cash equivalents - restricted	1,532,000	1,532,000
Receivable from brokers	1,619,000	1,033,000
Securities owned, at fair value	264,000	250,000
Furniture, equipment and leasehold improvements, net	805,000	757,000
Investment in and advances to affiliates	8,509,000	8,619,000
Prepaid expenses and other assets	930,000	827,000
Intangibles, net	635,000	638,000
Total	34,839,000	34,823,000
LIABILITIES AND STOCKHOLDERS EQUITY
Accounts payable and accrued liabilities	2,996,000	3,599,000
Contingencies
Stockholders equity:
Common stock, $.01 par value; 49,000,000 shares authorized, 23,211,846 shares issued, and 22,101,649 and 22,105,499 shares outstanding at March 31, 2012 and December 31, 2011, respectively	232,000	232,000
Additional paid-in capital	19,490,000	19,490,000
Retained earnings	16,855,000	16,230,000
Less: 1,110,197 and 1,106,347 shares of treasury stock, at cost at March 31, 2012 and December 31, 2011, respectively	(4,734,000)	(4,728,000)
Total Stockholders Equity	31,843,000	31,224,000
Total Liabilities and Stockholders Equity	$ 34,839,000	$ 34,823,000