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Securities Owned
3 Months Ended
Mar. 31, 2020
Investments Debt And Equity Securities [Abstract]  
Securities Owned

8.

Securities Owned

Securities owned primarily consist of unencumbered U.S. Treasury bills held for liquidity purposes. Total Securities owned were $57.5 million as of March 31, 2020 and December 31, 2019. For additional information, see Note 13—“Fair Value of Financial Assets and Liabilities.”