Discontinued Operations

9 Months Ended

Sep. 30, 2012

Discontinued Operations

Discontinued Operations

14.  Discontinued Operations

The components of income (loss) from discontinued operations of Securities America were as follows:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2012			2011		2012			2011
	(in millions)
Total net revenues	$	—		$	102	$	—		$	342
Income (loss) from discontinued operations	$	—		$	2	$	—		$	(117	)
Reduction of gain on sale	(1		)	—		(4		)	—
Income tax benefit	—			—		(1		)	(44		)
Income (loss) from discontinued operations, net of tax	$	(1	)	$	2	$	(3	)	$	(73	)