B - INVESTMENT IN AFFILIATES (Tables)

12 Months Ended

Dec. 31, 2013

Investments in and Advances to Affiliates, Schedule of Investments [Abstract]

Investment In and Advances to Affiliate

Investment in and advances to, equity in income of, and distributions received from, affiliates consist of the following:

December 31, 2013	SBS		SBSFPC			TOTAL
Investment and advances	$	7,832,000	$	190,000		$	8,022,000
Income (loss) from equity investees	$	94,000	$	(159,000	)	$	(65,000	)
Distributions	$	1,212,000	$	6,000		$	1,218,000
December 31, 2012	SBS		SBSFPC			TOTAL
Investment and advances	$	8,950,000	$	354,000		$	9,304,000
Income from equity investees	$	774,000	$	32,000		$	806,000
Distributions	$	95,000	$	2,000		$	97,000
December 31, 2011	SBS		SBSFPC			TOTAL
Income (loss) from equity investees	$	8,000	$	21,000		$	29,000
Distributions	$	1,185,000	$	—		$	1,185,000

Summarized financial data of affiliates

Summarized financial data of SBS is as follows:

	2013		2012		2011
Total assets, including secured demand note of 1,200,000 in each year due from Siebert	$	22,999,000	$	27,752,000
Total liabilities, including subordinated liabilities $1,200,000 in each year due to Siebert		7,083,000		9,555,000
Total members’ capital		15,916,000		18,197,000
Regulatory minimum net capital requirement		250,000		250,000
Total revenue		24,965,000		28,246,000	$	26,441,000
Net income		193,000		1,579,000		17,000

Summarized financial data of SBSFPC is as follows:

	2013			2012		2011
Total assets	$	584,000		$	167,841,000
Total liabilities		15,000			166,775,000
Total members’ capital		569,000			1,066,000
Total revenue		(222,000	)*		293,000	$	610,000
Net (loss) income		(478,000	)		98,000		61,000

*Negative balance was attributable to loss in derivative contracts.