Consolidated Statements of Financial Condition (Unaudited) (USD $)	Jun. 30, 2013	Dec. 31, 2012
ASSETS
Cash and cash equivalents	$ 19,404,000	$ 18,902,000
Cash equivalents - restricted	1,532,000	1,532,000
Receivable from brokers	967,000	1,923,000
Securities owned, at fair value	334,000	255,000
Furniture, equipment and leasehold improvements, net	304,000	312,000
Investment in and advances to affiliates	7,083,000	9,304,000
Prepaid expenses and other assets	820,000	900,000
Intangibles, net	323,000	328,000
Total	30,767,000	33,456,000
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued liabilities	2,468,000	2,416,000
Contingencies (Note 9)
Stockholders' equity:
Common stock, $.01 par value; 49,000,000 shares authorized, 23,211,846 shares issued, and 22,085,126 and 22,097,392 shares outstanding at June 30, 2013 and December 31, 2012, respectively	232,000	232,000
Additional paid-in capital	19,490,000	19,490,000
Retained earnings	13,337,000	16,059,000
Less: 1,126,720 and 1,114,454 shares of treasury stock, at cost at June 30, 2013 and December 31, 2012, respectively	(4,760,000)	(4,741,000)
Stockholders' equity	28,299,000	31,040,000
LIABILITIES AND STOCKHOLDERS' EQUITY	$ 30,767,000	$ 33,456,000