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Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Statement of Cash Flows [Abstract]    
Net Income (Loss) Attributable to Parent $ 38,658,000 $ 7,818,000
Non-cash items included in net income:    
Depreciation and amortization of furniture, equipment and leasehold improvements 1,926,000 2,057,000
Deferred income taxes 1,885,000 3,019,000
Amortization of notes receivable 3,438,000 3,059,000
Amortization of debt issuance costs 62,000 49,000
Write-off of debt issuance costs 0 4,000
Provision for credit losses 1,509,000 358,000
Share-based compensation 10,598,000 (1,376,000)
Amortization of right-of-use lease assets 6,501,000 6,213,000
Gain on repurchase of senior secured notes 0 (85,560)
Decrease (increase) in operating assets:    
Deposits with clearing organizations (6,049,000) 71,165,000
Receivable from brokers, dealers and clearing organizations (30,421,000) (35,124,000)
Receivable from customers (43,173,000) (168,196,000)
Income tax receivable 0 (1,113,000)
Securities purchased under agreements to resell (25,937,000) 0
Securities owned 5,187,000 490,373,000
Notes receivable (6,124,000) (4,349,000)
Other assets 87,739,000 49,744,000
Increase (decrease) in operating liabilities:    
Drafts payable 12,392,000 19,066,000
Payable to brokers, dealers and clearing organizations 161,502,000 (281,392,000)
Payable to customers (40,357,000) 78,911,000
Income taxes payable 6,050,000 0
Securities sold under agreements to repurchase (335,288,000) (163,162,000)
Securities sold but not yet purchased 234,315,000 (65,932,000)
Accrued compensation (99,101,000) (101,513,000)
Accounts payable and other liabilities 9,858,000 (8,286,000)
Cash (used in)/provided by operating activities 7,268,000 (241,023,000)
Cash flows from investing activities    
Purchase of furniture, equipment and leasehold improvements (999,000) (1,326,000)
Cash used in investing activities (999,000) (1,326,000)
Cash flows from financing activities    
Cash dividends paid on Class A non-voting and Class B voting common stock (1,506,000) (1,561,000)
Repurchase of Class A non-voting common stock for cancellation 0 (8,434,000)
Payments for employee taxes withheld related to vested share-based awards (4,720,000) (5,340,000)
Repurchase of Secured Debt 0 1,426,000
Payments of Debt Issuance Costs 22,000 0
Increase in bank call loans, net (6,900,000) 203,100,000
Cash provided by/(used in) financing activities (13,148,000) 186,339,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (6,879,000) (56,010,000)
Cash and cash equivalents, beginning of period 35,424,000 79,550,000
Cash and cash equivalents, end of period 28,545,000 23,540,000
Schedule of non-cash financing activities    
Employee share plan issuance 6,228,000 10,032,000
Supplemental disclosure of cash flow information    
Interest Paid, Excluding Capitalized Interest, Operating Activities 4,578,000 9,095,000
Cash paid during the period for income taxes, net $ 797,000 $ 516,000