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Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Statement of Cash Flows [Abstract]    
Net Income (Loss) Attributable to Parent $ 69,817,000 $ 25,467,000
Non-cash items included in net income:    
Depreciation and amortization of furniture, equipment and leasehold improvements 3,945,000 4,120,000
Deferred income taxes (3,320,000) 4,853,000
Amortization of notes receivable 6,677,000 5,797,000
Amortization of debt issuance costs 125,000 97,000
Write-off of debt issuance costs 0 4,000
Provision for credit losses 3,008,000 (42,000)
Share-based compensation 26,133,000 2,395,000
Amortization of right-of-use lease assets 13,008,000 12,411,000
Gain on repurchase of senior secured notes 0 (86,000)
Decrease (increase) in operating assets:    
Deposits with clearing organizations (1,579,000) 42,121,000
Receivable from brokers, dealers and clearing organizations (31,950,000) (152,654,000)
Receivable from customers (117,313,000) (63,164,000)
Securities owned 66,455,000 297,690,000
Notes receivable (12,635,000) (6,241,000)
Other assets 96,652,000 31,905,000
Increase (decrease) in operating liabilities:    
Drafts payable 17,133,000 37,374,000
Payable to brokers, dealers and clearing organizations 89,235,000 (304,864,000)
Payable to customers (40,629,000) 82,179,000
Securities sold under agreements to repurchase (110,837,000) (133,110,000)
Securities sold but not yet purchased (13,333,000) 256,018,000
Accrued compensation (40,906,000) (58,946,000)
Accounts payable and other liabilities (2,704,000) (14,995,000)
Cash provided/(used in) operating activities 20,140,000 (15,913,000)
Cash flows from investing activities    
Purchase of furniture, equipment and leasehold improvements (6,739,000) (3,161,000)
Proceeds from the settlement of Company-owned life insurance 1,308,000 0
Cash used in investing activities (5,431,000) (3,161,000)
Cash flows from financing activities    
Cash dividends paid on Class A non-voting and Class B voting common stock (3,030,000) (3,089,000)
Repurchase of Class A non-voting common stock for cancellation 0 (12,266,000)
Payments for employee taxes withheld related to vested share-based awards (4,883,000) (5,458,000)
Repurchase of Secured Debt 0 1,426,000
Payments of Debt Issuance Costs 22,000 0
(Decrease)/increase in bank call loans, net (2,400,000) 13,000,000
Cash used in financing activities (10,335,000) (9,239,000)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 4,374,000 (28,313,000)
Cash and cash equivalents, beginning of period 35,424,000 79,550,000
Cash and cash equivalents, end of period 39,798,000 51,237,000
Schedule of non-cash financing activities    
Employee share plan issuance 6,513,000 10,582,000
Supplemental disclosure of cash flow information    
Interest Paid, Excluding Capitalized Interest, Operating Activities 5,277,000 14,727,000
Cash paid during the period for income taxes, net $ 34,994,000 $ 1,049,000