Consolidated Statements of Financial Condition (USD $)	Mar. 31, 2014	Dec. 31, 2013
ASSETS
Cash and cash equivalents	$ 14,190,000	$ 15,424,000
Cash equivalents - restricted	1,532,000	1,532,000
Receivable from brokers	770,000	1,105,000
Securities owned, at fair value	377,000	406,000
Furniture, equipment and leasehold improvements, net	672,000	712,000
Investment in and advances to affiliates	8,880,000	8,022,000
Prepaid expenses and other assets	755,000	751,000
Intangibles, net	15,000	18,000
Total	27,191,000	27,970,000
LIABILITIES AND STOCKHOLDERS EQUITY
Accounts payable and accrued liabilities	2,054,000	2,861,000
Stockholders equity:
Common stock, $.01 par value; 49,000,000 shares authorized, 23,211,846 shares issued, and 22,085,126 shares outstanding at March 31, 2014 and December 31, 2013	232,000	232,000
Additional paid-in capital	19,490,000	19,490,000
Retained earnings	10,175,000	10,147,000
Less: 1,126,720 shares of treasury stock, at cost at March 31, 2014 and December 31, 2013	(4,760,000)	(4,760,000)
Total	25,137,000	25,109,000
Total	$ 27,191,000	$ 27,970,000