Consolidated Statements of Financial Condition (USD $)	Mar. 31, 2013	Dec. 31, 2012
ASSETS
Cash and cash equivalents	$ 18,634,000	$ 18,902,000
Cash equivalents - restricted	1,532,000	1,532,000
Receivable from brokers	1,080,000	1,923,000
Securities owned, at fair value	330,000	255,000
Furniture, equipment and leasehold improvements, net	324,000	312,000
Investment in and advances to affiliates	8,606,000	9,304,000
Prepaid expenses and other assets	948,000	900,000
Intangibles, net	325,000	328,000
Total	31,779,000	33,456,000
LIABILITIES AND STOCKHOLDERS EQUITY
Accounts payable and accrued liabilities	2,124,000	2,416,000
Contingencies (Note 9)
Stockholders equity:
Common stock, $.01 par value; 49,000,000 shares authorized, 23,211,846 shares issued, and 22,087,486 and 22,097,392 shares outstanding at March 31, 2013 and December 31, 2012, respectively	232,000	232,000
Additional paid-in capital	19,490,000	19,490,000
Retained earnings	14,690,000	16,059,000
Less: 1,124,360 and 1,114,454 shares of treasury stock, at cost at March 31, 2013 and December 31, 2012, respectively	(4,757,000)	(4,741,000)
Total	29,655,000	31,040,000
Total	$ 31,779,000	$ 33,456,000