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Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Commissions and fees $ 2,410,000 $ 2,767,000 $ 8,027,000 $ 8,656,000
Investment banking 558,000 464,000 1,703,000 1,945,000
Trading profits 472,000 420,000 1,104,000 1,562,000
Interest and dividends 14,000 15,000 43,000 47,000
Total 3,454,000 3,666,000 10,877,000 12,210,000
Expenses:        
Employee compensation and benefits 1,942,000 1,994,000 5,875,000 6,502,000
Clearing fees, including floor brokerage 441,000 595,000 1,416,000 1,854,000
Professional fees 1,086,000 2,107,000 3,421,000 4,060,000
Loss related to arbitration settlement 0   4,300,000  
Advertising and promotion 74,000 122,000 196,000 297,000
Communications 236,000 317,000 758,000 992,000
Occupancy 206,000 266,000 658,000 782,000
Other general and administrative 529,000 651,000 1,756,000 1,760,000
Total 4,514,000 6,052,000 18,380,000 16,247,000
(Loss) income from equity investees (396,000) 742,000 (2,000) (329,000)
Net loss $ (1,456,000) $ (1,644,000) $ (7,505,000) $ (4,366,000)
Net (loss) per share of common stock - Basic and Diluted $ 0.07 $ 0.07 $ 0.34 $ 0.2
Weighted average shares outstanding - Basic and Diluted 22,085,126 22,085,126 22,085,126 22,088,065