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Statements of Operations (Subsidiary Company, USD $)
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Subsidiary Company
      
Revenues:      
Investment banking $ 20,625,468 $ 41,275,623 $ 36,666,383
Trading profits 5,811,327 7,488,092 8,672,233
Interest and other 4,278 5,429 52,765
Total Revenues 26,441,073 48,769,144 45,391,381
Expenses:      
Employee compensation and benefits 19,878,202 33,076,985 30,660,150
Clearing fees 142,648 194,957 235,091
Communications 940,907 880,792 772,021
Occupancy 1,065,030 1,020,409 757,778
Professional fees 623,415 680,673 344,838
Interest - related party 59,290 73,000 48,000
State and local income tax 120,907 435,187 225,363
General and administrative 3,593,466 4,035,029 3,599,343
Total Expenses 26,423,865 40,397,032 36,642,584
Net income $ 17,208 $ 8,372,112 $ 8,748,797