Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Revenues:
Commissions and fees	$ 5,158,000	$ 3,945,000
Investment banking	509,000	1,172,000
Trading profits	863,000	377,000
Interest and dividends	23,000	9,000
Total Revenues	6,553,000	5,503,000
Expenses:
Employee compensation and benefits	2,489,000	2,462,000
Clearing fees, including floor brokerage	967,000	924,000
Professional fees	790,000	1,413,000
Advertising and promotion	138,000	100,000
Communications	488,000	557,000
Occupancy	251,000	271,000
Other general and administrative	639,000	685,000
Total Expenses	5,762,000	6,412,000
Iincome from equity investees	(154,000)	(1,084,000)
Income (loss) before income taxes	637,000	(1,993,000)
Income tax provision	12,000	11,000
Net income (loss)	$ 625,000	$ (2,004,000)
Net income (loss) per share of common stock - Basic and Diluted	$ 0.03	$ (0.09)
Weighted average shares outstanding - Basic and diluted	22,103,495	22,121,188