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Consolidated Statements of Operations (Unaudited) (USD $)
 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Commissions and fees $ 2,595,000 $ 3,607,000 $ 11,632,000 $ 11,091,000
Investment banking 875,000 1,737,000 2,582,000 3,315,000
Trading profits 585,000 503,000 1,979,000 1,406,000
Interest and dividends 18,000 10,000 58,000 46,000
Total 4,073,000 5,857,000 16,251,000 15,858,000
Expenses:        
Employee compensation and benefits 2,340,000 2,923,000 7,460,000 7,765,000
Clearing fees, including floor brokerage 508,000 745,000 2,142,000 2,359,000
Professional fees 1,069,000 1,183,000 2,679,000 3,996,000
Advertising and promotion 104,000 112,000 331,000 305,000
Communications 317,000 537,000 1,303,000 1,621,000
Occupancy 224,000 279,000 701,000 822,000
Write off of software development costs     433,000  
Other general and administrative 561,000 642,000 1,810,000 1,960,000
Provision for loss related to litigation   1,000,000   1,000,000
Total 5,123,000 7,421,000 16,859,000 19,828,000
Income (loss) from equity investees 245,000 974,000 930,000 (402,000)
(Loss) income before income taxes (805,000) (590,000) 322,000 (4,372,000)
Provision for income taxes 107,000 1,000 162,000 13,000
Net (loss) income $ (912,000) $ (591,000) $ 160,000 $ (4,385,000)
Net (loss) income per share of common stock - Basic & diluted $ (0.04) $ (0.03) $ 0.01 $ (0.2)
Weighted average shares outstanding - Basic and diluted 22,100,420 22,111,093 22,101,729 22,116,777