Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Cash flows from operating activities:
Net income (loss)	$ 625,000	$ (2,004,000)
Adjustments to reconcile net (loss) to net cash (used in) operating activities:
Depreciation and amortization	109,000	132,000
Loss from equity investees	154,000	1,084,000
Distribution from equity investees	2,000	479,000
Stock based compensation	0	2,000
Changes in:
Securities owned, at fair value	(14,000)	(15,000)
Receivables from brokers	(586,000)	(273,000)
Income tax refund receivable	0	358,000
Prepaid expenses and other assets	(103,000)	(214,000)
Accounts payable and accrued liabilities	(603,000)	820,000
Net cash used in operating activities	(416,000)	369,000
Cash flows from investing activities:
Purchase of furniture, equipment and leasehold improvements	(154,000)	(3,000)
(Payment) collection of advances made to equity investees	(46,000)	47,000
Net cash provided by (used in) investing activities	(200,000)	44,000
Cash flows from financing activities:
Purchase of treasury shares	(6,000)	(7,000)
Net cash used in financing activities	(6,000)	(7,000)
Net (decrease) increase in cash and cash equivalents	(622,000)	406,000
Cash and cash equivalents - beginning of period	21,167,000	22,646,000
Cash and cash equivalents - end of period	20,545,000	23,052,000
Supplemental cash flow disclosures:
Cash paid for Income taxes	$ 12,000	$ 11,000