<SEC-DOCUMENT>0001157523-19-001239.txt : 20190515
<SEC-HEADER>0001157523-19-001239.hdr.sgml : 20190515
<ACCEPTANCE-DATETIME>20190515160326
ACCESSION NUMBER:		0001157523-19-001239
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		56
CONFORMED PERIOD OF REPORT:	20190331
FILED AS OF DATE:		20190515
DATE AS OF CHANGE:		20190515

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SIEBERT FINANCIAL CORP
		CENTRAL INDEX KEY:			0000065596
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				111796714
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-05703
		FILM NUMBER:		19827917

	BUSINESS ADDRESS:	
		STREET 1:		120 WALL STREET
		STREET 2:		25TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005
		BUSINESS PHONE:		212-644-2400

	MAIL ADDRESS:	
		STREET 1:		120 WALL STREET
		STREET 2:		25TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MICHAELS J INC
		DATE OF NAME CHANGE:	19950221
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>a51984811.htm
<DESCRIPTION>SIEBERT FINANCIAL CORP. FORM 10-Q
<TEXT>
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        </font><font style="font-family: &quot;Times New Roman&quot;,Times,serif;">SECURITIES AND EXCHANGE COMMISSION</font><font style="font-family: &quot;Times New Roman&quot;,Times,serif;"><br>
        </font><font style="font-family: &quot;Times New Roman&quot;,Times,serif;">WASHINGTON, DC 20549</font></font></div>
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    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Mark One)</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">For the quarterly period ended</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">March 31, 2019</font></div>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">OR</font></div>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">&#160;</font></div>
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          <td style="width: 5.93%; vertical-align: top; text-align: center;">&#9744; </td>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">For the transition period from ____________________________ to __________________________</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Commission file number</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">0-5703</font></div>
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            <div style="text-align: center; font-size: 18pt;"><font style="font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; color: rgb(0, 0, 0);">Siebert Financial Corp.</font></div>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Exact Name of Registrant as Specified in its Charter)</font></div>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">New York</font></div>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">11-1796714</font></div>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(I.R.S. Employer Identification No.)</font></div>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">120 Wall Street, New York, NY 10005</font></div>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Address of Principal Executive Offices) (Zip Code)</font></div>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">(212) 644-2400</font></div>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Registrant&#8217;s Telephone Number, Including Area Code)</font></div>
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    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities
        Exchange Act of 1934 (&#8220;Exchange Act&#8221;) during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.</font></div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Yes &#9746; No &#9744;</font></div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to
        Rule 405 of Regulation S-T (&#167;232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).</font></div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Yes &#9746; No &#9744;</font></div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller
        reporting company, or an emerging growth company. See the definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer,&#8221; &#8220;smaller reporting company,&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2 of the Exchange Act.</font></div>
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            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 40.23%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
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          <td style="width: 59.77%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Large accelerated filer &#9744;</font></div>
          </td>
          <td style="width: 40.23%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Accelerated filer &#9744;</font></div>
          </td>
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          <td style="width: 59.77%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Non-accelerated filer &#9746;</font></div>
          </td>
          <td style="width: 40.23%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Smaller reporting company &#9746;</font></div>
          </td>
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            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 40.23%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Emerging growth company &#9744;</font></div>
          </td>
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    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
        with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. </font></div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).</font></div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Yes &#9744; No &#9746;</font></div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Indicate the number of shares outstanding of each of the issuer&#8217;s classes of common equity, as of the latest practicable date: As of May 15,
        2019, there were 27,157,188 shares of the registrant's common stock outstanding.</font></div>
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      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">SIEBERT FINANCIAL CORP.</font></div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">INDEX</font></div>
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    <div style="margin-top: 6pt; margin-bottom: 12pt;">
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            <td style="width: 90%; vertical-align: top; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; text-align: left; background-color: rgb(204, 238, 255);"><a href="#PART">PART I - FINANCIAL INFORMATION</a></td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">1</font></div>
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              <div style="margin-left: 9pt"><a href="#PART">ITEM 1. FINANCIAL STATEMENTS</a></div>
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            <td style="width: 10%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">1</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; text-align: left; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 9pt">
                <div style="margin-left: 9pt"><a href="#PART">CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION</a></div>
              </div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">1</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; text-align: left; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 9pt">
                <div style="margin-left: 9pt"><a href="#OPERATIONS">CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS</a></div>
              </div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">2</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; text-align: left; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 9pt">
                <div style="margin-left: 9pt"><a href="#EQUITY">CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS&#8217; EQUITY</a></div>
              </div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">3</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; text-align: left; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 9pt">
                <div style="margin-left: 9pt"><a href="#CASH">CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</a></div>
              </div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">4</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; text-align: left; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 9pt">
                <div style="margin-left: 9pt"><a href="#NOTES">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</a></div>
              </div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">5</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; text-align: left; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 9pt"><a href="#DISCUSSION">ITEM 2. MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">13</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; text-align: left; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 9pt"><a href="#QUALITATIVE">ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">18</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; text-align: left; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 9pt"><a href="#CONTROLS">ITEM 4. CONTROLS AND PROCEDURES</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">19</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; text-align: left; background-color: rgb(204, 238, 255);"><a href="#OTHER">PART II - OTHER INFORMATION</a></td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">20</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; text-align: left; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 9pt"><a href="#OTHER">ITEM 1. LEGAL PROCEEDINGS</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">20</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; text-align: left; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 9pt"><a href="#OTHER">ITEM 1A. RISK FACTORS</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">20</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; text-align: left; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 9pt"><a href="#EXHIBITS">ITEM 6. EXHIBITS</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">22</font></div>
            </td>
          </tr>

      </table>
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    <div style="text-align: center; margin-left: 5.45pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">PART<a name="PART"><!--Anchor--></a> I - FINANCIAL INFORMATION</font></div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
    <div style="text-align: left; margin-top: 2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #0070C0;">ITEM 1. FINANCIAL STATEMENTS</font></div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">SIEBERT FINANCIAL CORP. &amp; SUBSIDIARIES</font></div>
    <div style="text-align: left; margin-top: 2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION</font></div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">&#160;</font></div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" id="zcb9cc19da45c438a992d0c67a3703fe2">

        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 70%;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;" colspan="2">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">March 31, 2019</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;" colspan="2">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">December 31, 2018</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; padding-bottom: 2px; width: 70%;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">(unaudited)</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; padding-bottom: 2px; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 70%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">ASSETS</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 70%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;Cash and cash equivalents</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3,767,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">7,229,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 70%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;Receivables from clearing and other brokers</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,275,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,030,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 70%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;Receivable from related party</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,000,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,000,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 70%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Receivable from lessors</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">171,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 70%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Other receivables</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">96,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">96,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 70%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Prepaid expenses and other assets</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">568,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">470,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 70%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Furniture, equipment and leasehold improvements, net</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">992,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">468,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 70%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Software, net</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,404,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,137,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 70%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Lease right-of-use assets</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,257,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 70%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;Investment in related party</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3,704,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 70%; padding-bottom: 2px;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;Deferred tax assets</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5,486,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5,576,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 70%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
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          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">21,549,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">18,177,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 70%;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 70%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">LIABILITIES AND STOCKHOLDERS&#8217; EQUITY</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 70%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Liabilities:</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 70%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Accounts payable and accrued liabilities</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">579,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">699,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 70%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Due to clearing brokers and related parties</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">64,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">133,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 70%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Income tax payable</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">196,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 70%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Lease incentive obligation</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">171,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 70%; padding-bottom: 2px;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Lease liabilities</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,530,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
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          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 70%;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Commitments and Contingencies</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 70%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Common stock, $.01 par value; 49,000,000 shares authorized, 27,157,188 shares</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;issued and outstanding as of March 31, 2019 and December 31, 2018</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">271,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">271,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 70%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Additional paid-in capital</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">7,641,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">7,641,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 70%; padding-bottom: 2px;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Retained earnings</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">10,268,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">9,262,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 70%;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">18,180,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">17,174,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 70%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 70%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
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          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 12%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">21,549,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
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            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">18,177,000</font></div>
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    <div style="text-align: center; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"> <br>
    </div>
    <div style="text-align: center; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;">See notes to condensed consolidated financial statements.&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 1 -</font></div>
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        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">SIEBERT FINANCIAL CORP. &amp; SUBSIDIARIES</font></div>
    <div style="text-align: left; margin-top: 2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS<a name="OPERATIONS"><!--Anchor--></a></font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">(unaudited)</font></div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" id="z1737a914148d4ff99b6a425a612d4b30">

        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: #FEFEFE; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; background-color: #FEFEFE; border-bottom: #000000 solid 2px;" colspan="6">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Three Months Ended</font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">March 31,</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #FEFEFE; text-align: left; vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: #FEFEFE; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(254, 254, 254); border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> 2019</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(254, 254, 254); text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
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          <td valign="bottom" nowrap="nowrap" style="background-color: #FEFEFE; text-align: left; vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
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        <tr>
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          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom;" colspan="1">&#160;</td>
        </tr>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;Commissions and fees</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,864,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,674,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;Principal transactions</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,610,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,941,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;Advisory fees</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">168,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">16,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;Interest</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">15,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">11,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Total Revenue</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6,429,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">8,177,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Expenses:</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Employee compensation and benefits</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,835,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3,662,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Clearing fees, including execution costs</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">654,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">902,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Professional fees</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">502,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">608,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Other general and administrative</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">385,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">386,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Technology and communications</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">247,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">234,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Rent and occupancy</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">295,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">242,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Depreciation and amortization</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">175,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">24,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Advertising and promotion</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">13,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Total Expenses</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5,093,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6,071,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Income before provision for income tax and before earnings of equity method investment</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,336,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,106,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Provision for income tax</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">369,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">413,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Income before earnings of equity method investment</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">967,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,693,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Earnings of equity method investment</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">39,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 4px;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Net income</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,006,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,693,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Net income per share of common stock</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 4px;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Basic and diluted</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.04</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.06</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Weighted average shares outstanding</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Basic and diluted</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">27,157,188</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">27,157,188</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
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    </table>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">See notes to condensed consolidated financial statements.</font></div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 2 -</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">SIEBERT FINANCIAL CORP. &amp; SUBSIDIARIES</font></div>
    <div style="text-align: left; margin-top: 2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS&#8217; EQUITY<a name="EQUITY"><!--Anchor--></a></font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">(unaudited)</font></div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" id="zafb29f4ac13344199f0a65274169fa4c">

        <tr>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Number of Shares</font></div>
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          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$.01 Par Value</font></div>
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          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Additional Paid-In Capital</font></div>
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          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Retained Earnings / (Accumulated Deficit)</font></div>
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          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Total</font></div>
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          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 40%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Balance - December 31, 2017</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">27,157,188</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</font></div>
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          <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">271,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">7,641,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(2,700,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">5,212,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 40%; padding-bottom: 2px;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#160;&#160;Net income</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,693,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,693,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 40%; padding-bottom: 4px;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Balance - March 31, 2018</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">27,157,188</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">271,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">7,641,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(1,007,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">6,905,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 40%;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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          <td valign="bottom" style="vertical-align: bottom; width: 40%;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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          <td valign="bottom" style="vertical-align: bottom; background-color: rgb(255, 255, 255); padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="3">
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="3">
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 40%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Balance - December 31, 2018</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">27,157,188</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</font></div>
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          <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">271,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</font></div>
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          <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">7,641,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</font></div>
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          <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">9,262,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</font></div>
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          <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">17,174,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 40%; padding-bottom: 2px;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#160;&#160;Net income</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,006,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,006,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 40%; padding-bottom: 4px;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Balance - March 31, 2019</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">27,157,188</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</font></div>
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          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">271,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</font></div>
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          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">7,641,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</font></div>
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          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">10,268,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</font></div>
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          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">18,180,000</font></div>
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    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">See notes to condensed consolidated financial statements.</font></div>
    <div style="margin-top: 6pt; margin-bottom: 12pt;"><br>
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    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 3 -</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">SIEBERT FINANCIAL CORP. &amp; SUBSIDIARIES</font></div>
    <div style="text-align: left; margin-top: 2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF CASH<a name="CASH"><!--Anchor--></a> FLOWS</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">(unaudited)</font></div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" id="z75aa7e4aa5d44250b21942efbcb7596d">

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          <td valign="bottom" style="vertical-align: bottom; background-color: #FEFEFE; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Three Months Ended</font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">March 31,</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #FEFEFE; text-align: left; vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> 2019</font></div>
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          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2018</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle;">
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          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Net income</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,006,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,693,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Adjustments to reconcile net income to net cash provided by/(used in) operating activities:</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;Deferred tax expense</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">90,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Depreciation and amortization</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">175,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">24,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Earnings of equity method investment</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(39,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Changes in:</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Securities owned, at fair value</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(346,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Receivables from clearing and other brokers</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(245,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(1,146,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Receivable from related party</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">283,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Prepaid expenses and other assets</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(98,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(149,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Receivable from lessors</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">171,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Accounts payable and accrued liabilities</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(120,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">563,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Due to clearing brokers and related parties</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(69,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">330,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Income tax payable</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">196,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">413,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Net cash provided by operating activities</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,067,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,665,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Cash Flows From Investing Activities:</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;Investment in related party</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(3,665,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Purchase of furniture, equipment, and leasehold improvements</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(476,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(46,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Purchase of software</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(388,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Net cash used in investing activities</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(4,529,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(46,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Net increase / (decrease) in cash and cash equivalents</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(3,462,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,619,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Cash and cash equivalents - beginning of period</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">7,229,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3,765,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 4px;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Cash and cash equivalents - end of period</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3,767,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5,384,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Supplemental Cash Flow Information:</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Non-Cash Investing and Financing Activities</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Initial recognition of lease right-of-use assets</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,257,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Initial recognition of lease liabilities</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,530,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">See notes to condensed consolidated financial statements.</font></div>
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      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 4 -</font></div>
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    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">SIEBERT FINANCIAL CORP. &amp; SUBSIDIARIES</font></div>
    <div style="text-align: left; margin-top: 2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">NOTES<a name="NOTES"><!--Anchor--></a> TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">1. Organization and Basis of Presentation</font></div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Organization</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Siebert Financial Corp., a New York corporation incorporated in 1934, is a holding company that conducts its retail
        discount brokerage business through its wholly-owned subsidiary, Muriel Siebert &amp; Co., Inc. (&#8220;MSCO&#8221;), a Delaware corporation and registered broker-dealer, its investment advisory business through its wholly-owned subsidiary, Siebert AdvisorNXT,
        Inc. (&#8220;AdvisorNXT&#8221;), a New York corporation registered with the SEC as a Registered Investment Advisor under the Investment Advisers Act of 1940, as amended, and its insurance business through its wholly-owned subsidiary, Park Wilshire Companies,
        Inc. (&#8220;PWC&#8221;), a Texas corporation and licensed insurance agency. It also conducts operations through a fourth subsidiary, KCA Technologies, LLC. (&#8220;KCAT&#8221;), a Nevada limited liability company and developer of robo-advisory technology. For purposes of
        this Quarterly Report on Form 10-Q, the terms &#8220;Siebert,&#8221; &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;us,&#8221; and &#8220;our&#8221; refer to Siebert Financial Corp., MSCO, AdvisorNXT, PWC, and KCAT collectively, unless the context otherwise requires.</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> </font><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company is headquartered in New York, NY, with primary operations in New Jersey and California. The Company has
        offices throughout the United States of America (&#8220;U.S.&#8221;) and clients around the world. The Company&#8217;s SEC filings are available through the Company&#8217;s website at www.siebertnet.com, where investors are able to obtain copies of the Company&#8217;s public
        filings free of charge. The Company&#8217;s common stock (&#8220;Common Stock&#8221;), par value $.01 per share, trades on the Nasdaq Capital Market under the symbol &#8220;SIEB.&#8221;</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company primarily operates in the securities brokerage and asset management industry and has no other reportable
        segments. All of the Company's revenues for the three months ended March 31, 2019 and 2018 were derived from its operations in the U.S.</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Basis of Presentation</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Basis of Presentation</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting
        principles generally accepted in the U.S. (GAAP) for interim financial information with the instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by GAAP for
        complete annual financial statements. In the opinion of the Company&#8217;s management, the accompanying unaudited financial statements contain all adjustments (consisting of normal recurring entries) necessary to fairly present such interim results.
        Interim results are not necessarily indicative of the results of operations which may be expected for a full year or any subsequent period. These unaudited condensed consolidated financial statements should be read in conjunction with the financial
        statements and notes thereto in the Company&#8217;s Annual Report on Form 10-K for the year ended December 31, 2018 (&#8220;2018 Form 10-K&#8221;). The consolidated financial statements include the accounts of Siebert and its wholly-owned subsidiaries and upon
        consolidation, all intercompany balances and transactions are eliminated. The U.S. dollar is the functional currency of the Company.</font></div>
    <div><br>
    </div>
    <div style="background-color: #FFFFFF;">
      <div style="text-align: justify; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic; color: #000000;">Reclassifications</font></div>
    </div>
    <div style="background-color: #FFFFFF;">
      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Certain prior period amounts have been reclassified to conform to the current year&#8217;s presentation. These
          reclassifications have no effect on previously reported net income or total assets or total liabilities.</font></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Significant Accounting Policies</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company&#8217;s significant accounting policies are included in Note 2 in the Company&#8217;s 2018 Form 10-K. There have been no
        significant changes to these accounting policies for the three months ended March 31, 2019 except as described in the sections &#8220;Equity Method Investment&#8221; and the &#8220;Note 2 &#8211; New Accounting Standards&#8221; below.</font></div>
    <div><br>
    </div>
    <div style="background-color: #FFFFFF;">
      <div style="text-align: justify; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic; color: #000000;">Equity Method Investments</font></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Investments in which the Company has the ability to exercise significant influence, but does not control,
        are accounted for under the equity method of accounting and are included in the investment in related party asset in the condensed consolidated statements of financial condition. Under this method of accounting, the Company&#8217;s share of the net
        earnings or losses of the investee is presented below the income tax line on the condensed consolidated statements of operations. The Company evaluates its equity method investments whenever events or changes in circumstance indicate that the
        carrying amounts of such investments may be impaired. If a decline in the value of an equity method investment is determined to be other than temporary, a loss is recorded in earnings in the current period.</font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 5 -</font></div>
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    </div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2. New Accounting Standards</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Recently Adopted Accounting Pronouncements</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">ASU 2016-02</font> &#8211; In
        February 2016, the FASB established Topic 842, Leases, by issuing Accounting Standards Update (&#8220;ASU&#8221;) No. 2016-02, which requires lessees to recognize leases on-balance sheet and disclose key information about leasing arrangements. The new standard
        establishes a right-of-use model that requires a lessee to recognize a lease right-of-use asset and lease liability on the statement of financial condition for all leases with a term longer than 12 months. Leases will be classified as finance or
        operating, with classification affecting the pattern and classification of expense recognition in the statement of operations. The new standard is effective for the Company on January 1, 2019, with early adoption permitted. The Company adopted the
        new standard on its effective date. A modified retrospective transition approach is required, applying the new standard to all leases existing at the date of initial application. An entity may choose to use either (1) its effective date or (2) the
        beginning of the earliest comparative period presented in the financial statements as its date of initial application. The Company adopted the new standard on January 1, 2019 and used the effective date as the date of initial application.
        Consequently, financial information will not be updated and the disclosures required under the new standard will not be provided for dates and periods before January 1, 2019. As of March 31, 2019, the Company recognized lease right-of-use assets of
        approximately $2.3 million and corresponding lease liabilities of approximately $2.5 million. This accounting pronouncement had no material impact to the condensed consolidated statement of operations for the three months ended March 31, 2019.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">The new standard provides a number of optional practical expedients in transition. The Company elected the
        &#8220;package of practical expedients,&#8221; which permits the Company not to reassess under the new standard the Company&#8217;s prior conclusions about lease identification, lease classification and initial direct costs. The Company has not elected the hindsight
        practical expedient at transition.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">The new standard also provides practical expedients for an entity&#8217;s ongoing accounting. The Company
        elected the short-term lease recognition exemption for all leases that qualify. This means, for those leases that qualify, the Company will not recognize lease right-of-use assets or lease liabilities, and this includes not recognizing lease
        right-of-use assets or lease liabilities for existing short-term leases of those assets in transition.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">3. Capital Requirements</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">MSCO is subject to the SEC&#8217;s Uniform Net Capital Rule (Rule 15c3-1 or &#8220;Uniform Net Capital Rule&#8221;), which requires the
        maintenance of minimum net capital. MSCO has elected to use the alternative method, permitted by the Uniform Net Capital Rule, which requires that MSCO maintain minimum net capital, as defined, equal to the greater of $250,000 or 2% of aggregate
        debit balances arising from customer transactions, as defined. The Uniform Net Capital Rule also provides that equity capital may not be withdrawn or cash dividends paid if the resulting net capital would be less than 5% of aggregate debits. As of
        March 31, 2019, MSCO had net capital of approximately $5.1 million, which was approximately $4.8 million in excess of required net capital of $250,000. As of December 31, 2018, MSCO had net capital of approximately $8.9 million, which was
        approximately $8.7 million in excess of required net capital of $250,000.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">MSCO claims exemption from the reserve requirements under the SEC&#8217;s Rule 15c 3-3 pursuant to paragraph (k)(2)(ii) as it
        clears its customer transactions through one unaffiliated and one affiliated clearing firm on a fully disclosed basis.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company&#8217;s cash and cash equivalents are unrestricted and are used to fund working capital needs. The Company&#8217;s total
        assets as of March 31, 2019 were approximately $21.5 million, of which $3.8 million, or approximately 17%, is highly liquid. The Company&#8217;s total assets as of December 31, 2018 were approximately $18.2 million, of which $7.2 million, or
        approximately 40%, is highly liquid.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">4. Receivables from and Payable to Brokers, Dealers and Clearing Organizations</font></div>
    <div><br>
    </div>
    <div style="background-color: #FFFFFF;">
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">The Company evaluates
            receivables from clearing organizations and other brokers for collectability noting no amount was </font>considered uncollectable as of March 31, 2019 and the year ended December 31, 2018<font style="font-size: 10pt; font-family: 'Times New
            Roman', Times, serif; color: #000000;">. No valuation allowance is recognized for receivables from clearing and other brokers as the Company does not have a history of losses from receivables from clearing and other brokers and does not
            anticipate losses in the future.</font></font></div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 6 -</font></div>
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    <div><br>
    </div>
    <div></div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Amounts receivable from / payable to brokers, dealers and clearing organizations consisted of the following as of the
        periods indicated:</font></div>
    <div style="text-align: left; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"> <br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" id="za60c053ea5c34cefbf5343b6bd567fc3">

        <tr>
          <td valign="bottom" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;" colspan="2">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">As of</font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">March 31, 2019</font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">(unaudited)</font></div>
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          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;" colspan="2">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">As of</font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">December 31, 2018</font></div>
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          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Receivables from clearing and other brokers</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;National Financial Services (&#8220;NFS&#8221;)</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,408,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,664,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;StockCross Financial Services, Inc. (&#8220;StockCross&#8221;)</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">708,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">310,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Other receivables</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">117,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">31,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Citibank</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">42,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">25,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 4px;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Total Receivables from clearing and other brokers</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2,275,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2,030,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Receivable from related party</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;StockCross</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,000,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,000,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 4px;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Total Receivable from related party</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">1,000,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">1,000,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Due to clearing brokers and related parties</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Kennedy Cabot Acquisition, LLC (&#8220;KCA&#8221;)</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">33,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;StockCross</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">21,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">46,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;MSCO</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">10,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">29,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;NFS</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">58,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 4px;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Total Due to clearing brokers and related parties</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></div>
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          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">64,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">133,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">5. Leases</font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">A lease is defined as a contract, or part of a contract, that conveys the right to control the use of identified property,
        plant or equipment for a period of time in exchange for consideration. On January 1, 2019, the Company adopted ASU No. 2016-02 <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">&#8220;Leases&#8221; (Topic 842) </font>and





        all subsequent ASUs that modified Topic 842. For the Company, Topic 842 affected the accounting treatment for operating lease agreements in which the Company is the lessee.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company rents office space under operating leases expiring in 2019 through 2024, and the Company has no financing
        leases. The leases call for base rent plus escalations as well as other operating expenses. The following table represents the Company&#8217;s lease right-of-use assets and lease liabilities on the condensed consolidated statements of financial
        condition. The Company elected not to include short-term leases (i.e., leases with initial terms of twelve months or less), or equipment leases (deemed immaterial) on the condensed consolidated statements of financial condition.</font></div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" style="width: 60%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" id="z788124899df94f6ba5ead36ad6a15ddc">

        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 64%;">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;" colspan="3">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">As of</font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">March 31, 2019</font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">(unaudited)</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;" colspan="3">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">As of</font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">December 31, 2018</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 64%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Assets</font></div>
          </td>
          <td valign="bottom" style="vertical-align: middle;" colspan="3">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;" colspan="3">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 64%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Lease right-of-use assets</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,257,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 64%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Liabilities</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 64%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Lease liabilities</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,530,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The calculated amount of the lease right-of-use assets and lease liabilities in the table above are impacted by the length
        of the lease term and the discount rate used to present value the minimum lease payments. As of March 31, 2019, the Company does not believe that any of the renewal options under the existing leases are reasonably certain to be exercised; however,
        the Company will continue to assess and monitor the lease renewal options on an ongoing basis. The Company also leases some miscellaneous office equipment, but they are immaterial and therefore the Company records the costs associated with this
        office equipment on the condensed consolidated statements of operations rather than capitalized as lease right-of-use assets. The Company determined a discount rate of 5.0% would approximate the Company&#8217;s cost to obtain financing given its size,
        growth, and risk profile.</font></div>
    <div><br>
    </div>
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        <tr>
          <td valign="bottom" style="vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Lease Term and Discount Rate</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 88%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Weighted average remaining lease term &#8211; operating leases (in years)</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">4.3</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 88%; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Weighted average discount rate &#8211; operating leases</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">5.0</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">%</font></div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 7 -</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The following table represents lease costs and other lease information. The Company elected to separate the lease and
        non-lease components, and as such, the variable lease cost primarily represents variable payments such as common area maintenance and utilities.</font></div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" style="width: 90%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" id="z22d9e4d1dd134e528f9dfb3f833bb849">

        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 85%;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;" colspan="2">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Three Months Ended</font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">March 31, 2019</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Operating lease cost</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">148,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Short-term lease cost</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);" colspan="1">
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          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Variable lease cost</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">17,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 85%; padding-bottom: 2px; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Sublease income</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
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          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%; padding-bottom: 4px;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Total lease cost</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">295,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Cash paid for amounts included in the measurement of lease liabilities</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Operating cash flows from operating leases</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">147,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Lease right-of-use assets obtained in exchange for new lease liabilities</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Operating leases</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,680,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Lease Commitments</font></div>
    <div><br>
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    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Future annual minimum payments for operating leases with initial terms of greater than one year as of March 31, 2019 were
        as follows:</font></div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" style="width: 60%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" id="ze29da9b164904993a0d1e7e5deb022d0">

        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 85%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Year</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;" colspan="2">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Amount</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;2019</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">676,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;2020</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">891,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;2021</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">728,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;2022</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">489,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;2023</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">468,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;2024</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">39,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%; padding-bottom: 2px;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Thereafter</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255); padding-bottom: 4px;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Remaining balance of lease payments</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255); border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3,291,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Lease payments related to leases not commenced as of</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;March 31, 2019</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td style="background-color: rgb(204, 238, 255); vertical-align: middle; text-align: right; width: 12%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">480,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Difference between undiscounted cash flows and</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;discounted cash flows</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td style="vertical-align: middle; text-align: right; width: 12%; background-color: rgb(255, 255, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">304,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%; padding-bottom: 2px;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Other reconciling items</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(23,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 85%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">
            <div style="text-align: left; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Lease liabilities</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255); font-weight: bold;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
            <div style="font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
            <div style="font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,530,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Rent and related operating expenses were $295,000 and $242,000 for the three months ended March 31, 2019 and 2018,
        respectively. As of March 31, 2019, the Company had an operating lease agreement for an office space in Miami, FL with a term of 2 years. The total commitment of the lease is approximately $480,000 and the lease will commence on April 1, 2019.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font><font style="font-size: 10pt; font-weight: bold;">6.
          Equity Method Investments</font></font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">In January 2019, the Company purchased approximately 15% of StockCross&#8217; outstanding shares. The number of shares purchased
        by the Company was 922,875 at a per share price of approximately $3.97. The Company&#8217;s ownership in StockCross is accounted for under the equity method of accounting.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">In determining whether the investment in StockCross should be accounted for under the equity method of accounting, the
        Company leveraged the guidance under <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">ASC 323, Investments &#8211; Equity Method and Joint Venture</font>s. Although the Company maintains approximately 15%
        ownership interest in StockCross, the Company evaluated the positive evidence related to criteria such as common representation on the board of directors, participation in policy-making processes, material intra-entity transactions, interchange of
        managerial personnel and technological interdependency of the Company and StockCross. Based on these criteria, the Company determined that it was able to exercise significant influence of StockCross, and therefore the equity method of accounting
        was used for this transaction.</font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 8 -</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Under the equity method, the Company recognizes its share of StockCross&#8217; net income in the earnings of equity method
        investment line item in the condensed consolidated statements of operations. The Company has elected to classify distributions received from equity method investees using the cumulative earnings approach. For the three months ended March 31, 2019,
        the amount of net income recognized from the Company&#8217;s investment in StockCross was approximately $39,000. This investment is reported in the investment in related party line item in the condensed consolidated statements of financial condition. As
        of March 31, 2019, the carrying amount of the investment in StockCross was approximately $3,704,000.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company evaluates its equity method investments for impairment when events or changes indicate the carrying value may
        not be recoverable. If the impairment is determined to be other-than-temporary, the Company will recognize an impairment loss equal to the difference between the expected realizable value and the carrying value of the investment. As of March 31,
        2019, the fair value of the investment in StockCross is not estimated because there were no identified events or changes in circumstances that may have a significant adverse effect on the fair value of the investment and thus, no impairment was
        recorded.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Below is a table showing illustrating the summary from the condensed consolidated statements of operations for StockCross
        for the period indicated:</font></div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" style="width: 40%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" id="z9efd758b554648a98b21907c831d3ff5">

        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 67%;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;" colspan="2">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Three Months Ended March 31, 2019</font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">(unaudited)</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 67%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Revenue</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 30%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">4,014,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 67%; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Gross profit</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 30%; background-color: rgb(255, 255, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">285,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 67%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Net income</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 30%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">246,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">7. Commitments, Contingencies, and Other</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Legal and Regulatory Matters</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company is party to certain claims, suits and complaints arising in the ordinary course of business. In the opinion of
        the Company, all such matters are without merit, or involve amounts which would not have a significant effect on the financial statements of the Company.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">General Contingencies</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company is party to certain claims, suits and complaints arising in the ordinary course of business. In the opinion of
        the Company&#8217;s management, all such matters are without merit, or involve amounts which would not have a significant effect on the financial statements of the Company.</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> </font><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">In the normal course of its business, the Company indemnifies and guarantees certain service providers against specified
        potential losses in connection with their acting as an agent of, or providing services to, the Company. The maximum potential amount of future payments that the Company could be required to make under these indemnifications cannot be estimated.
        However, the Company believes that it is unlikely it will have to make material payments under these arrangements and has not recorded any contingent liability in the financial statements for these indemnifications.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company provides representations and warranties to counterparties in connection with a variety of commercial
        transactions and occasionally indemnifies them against potential losses caused by the breach of those representations and warranties. The Company may also provide standard indemnifications to some counterparties to protect them in the event
        additional taxes are owed or payments are withheld, due either to a change in or adverse application of certain tax laws. These indemnifications generally are standard contractual terms and are entered into in the normal course of business. The
        maximum potential amount of future payments that the Company could be required to make under these indemnifications cannot be estimated. However, the Company believes that it is unlikely it will have to make material payments under these
        arrangements and has not recorded any contingent liability in the financial statements for these indemnifications.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company is self-insured with respect to employee health claims. The Company maintains stop-loss insurance for certain
        risks and has a health claim reinsurance limit capped at approximately $50,000 per employee. The estimated liability for self-insurance claims is initially recorded in the year in which the event of loss occurs, and may be subsequently adjusted
        based upon new information and cost estimates. Reserves for losses represent estimates of reported losses and estimates of incurred but not reported losses based on past and current experience. Actual claims paid and settled may differ, perhaps
        significantly, from the provision for losses. This adds uncertainty to the estimated reserves for losses. Accordingly, it is at least possible that the ultimate settlement of losses may vary significantly from the amounts included in the financial
        statements.</font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 9 -</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">As part of this plan, the Company recognized expenses totaling $289,000 and $240,000 for the three months ended March 31,
        2019 and 2018, respectively. The Company had an accrual of $75,000 and $70,000 as of the three months ended March 31, 2019 and 2018, respectively, which represents the historical estimate of future claims to be recognized for claims incurred prior
        to March 31, 2019 and 2018, respectively.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company believes that its present insurance coverage and reserves are sufficient to cover currently estimated
        exposures, but there can be no assurance that the Company will not incur liabilities in excess of recorded reserves or in excess of its insurance limits.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">8. Revenue Recognition</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The primary sources of revenue for the Company are as follows: revenue from contracts with customers which includes
        commissions and fees, principal transactions, and advisory fees as well as other income which includes margin interest, marketing, and distribution fees. The recognition and measurement of revenue is based on the assessment of individual contract
        terms. The amount of revenue recognized by the Company is based on the consideration specified in contracts with its clients. The Company recognizes revenue when a performance obligation is satisfied over time as the services are performed or at a
        point in time depending on the nature of the services provided as further discussed below. Significant judgment is required to determine whether performance obligations are satisfied at a point in time or over time; how to allocate transaction
        prices where multiple performance obligations are identified; when to recognize revenue based on the appropriate measure of the Company&#8217;s progress under the contract; and whether constraints on variable consideration should be applied due to
        uncertain future events. For the three months ended March 31, 2019 and 2018, there were no costs capitalized related to obtaining or fulfilling a contract with a customer and thus the Company has no balances for contract assets or contract
        liabilities.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Categorization of Revenue by Service</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The following table presents the major revenue categories and when each category is recognized:</font></div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" id="z02d72c9242cd4534beb268dd60a69537">

        <tr>
          <td valign="bottom" style="vertical-align: top; width: 38%;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;" colspan="6">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Three Months Ended</font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">March 31,</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top; text-align: center; width: 26%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 38%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Revenue Category</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2019</font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">(unaudited)</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2018</font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">(unaudited)</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 26%;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">Timing of Recognition</font></div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 38%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Trading Execution and Clearing Services</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top; text-align: center; width: 26%;">&#160;&#160;&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 38%; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;Commissions and fees</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,864,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,674,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 26%; background-color: rgb(204, 238, 255);">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">Recorded on trade date</font></div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; background-color: rgb(255, 255, 255); width: 38%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;Principal transactions</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,610,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,941,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top; background-color: rgb(255, 255, 255); width: 26%;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">Recorded on trade date</font></div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 38%; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Advisory fees and additional income</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);" colspan="1">
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          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
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          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">27,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 26%; background-color: rgb(204, 238, 255);">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">Recorded as earned</font></div>
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        <tr>
          <td valign="bottom" style="vertical-align: top; background-color: rgb(255, 255, 255); width: 38%;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top; background-color: rgb(255, 255, 255); width: 26%; text-align: center;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 38%; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Other Income</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 26%; background-color: rgb(204, 238, 255); text-align: center;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; background-color: rgb(255, 255, 255); width: 38%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Margin interest, marketing and distribution fees</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top; background-color: rgb(255, 255, 255); width: 26%; text-align: center;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 38%; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;Margin interest</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);" colspan="1">
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          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,635,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 26%; background-color: rgb(204, 238, 255);">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">Recorded as earned</font></div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; background-color: rgb(255, 255, 255); width: 38%; padding-bottom: 2px;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;12b1 fees</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">706,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">900,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top; background-color: rgb(255, 255, 255); width: 26%; padding-bottom: 2px;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">Recorded as earned</font></div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 38%; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Total Margin interest, marketing and distribution fees</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,772,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,535,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 26%; background-color: rgb(204, 238, 255); text-align: center;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; background-color: rgb(255, 255, 255); width: 38%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top; background-color: rgb(255, 255, 255); width: 26%; padding-bottom: 2px; text-align: center;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 38%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Total Revenue</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">6,429,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">8,177,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 26%; padding-bottom: 4px; background-color: rgb(204, 238, 255); text-align: center;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The following table presents each revenue category and its related performance obligation:</font></div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zaf070c8a2fc54ad2a334a0abff3e0135" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;">

        <tr>
          <td style="width: 50.01%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Revenue Stream</font></div>
          </td>
          <td style="width: 49.99%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Performance Obligation</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.01%; vertical-align: top; background-color: #CCEEFF;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Commissions and fees, Principal transactions, Advisory fees and additional income</font></div>
          </td>
          <td style="width: 49.99%; vertical-align: top; background-color: #CCEEFF;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Provide security trading services to customer and act as agent</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.01%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Margin interest, marketing and distribution fees</font></div>
          </td>
          <td style="width: 49.99%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">n/a</font></div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 10 -</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Disaggregation of Revenue &#8211; Legacy Siebert vs. StockCross Accounts</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The following table presents a breakdown of the Company&#8217;s revenue between the amounts attributed to the accounts that were
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    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" id="z2411ead3c72d463882e532093f3611b6">

        <tr>
          <td valign="bottom" style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="6">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Three Months Ended</font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">March 31,</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; background-color: #FFFFFF;" colspan="2">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2019</font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">(unaudited)</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #FFFFFF; text-align: left; vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; background-color: #FFFFFF;" colspan="2">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2018</font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">(unaudited)</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #FFFFFF; text-align: left; vertical-align: bottom;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Revenue from Principal transactions:</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Principal transactions &#8211; Legacy Siebert</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">379,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">572,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Principal transactions &#8211; StockCross accounts</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,231,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,369,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Total Revenue from Principal transactions</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,610,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,941,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Revenue from Commissions and fees:</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Commissions and fees &#8211; Legacy Siebert</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,580,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,955,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Commissions and fees &#8211; StockCross accounts</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">284,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">719,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Total Revenue from Commissions and fees</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,864,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,674,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Revenue from Margin interest, marketing and distribution fees:</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Margin interest, marketing and distribution&#160;fees &#8211; Legacy Siebert</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,445,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,328,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Margin interest, marketing and distribution fees &#8211; StockCross accounts</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">327,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">207,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Total Revenue from Margin interest, marketing and distribution fees</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,772,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,535,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Advisory fees &#8211; Legacy Siebert</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">168,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">16,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Interest &#8211; Legacy Siebert</font></div>
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          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">15,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">11,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 4px;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Total Revenue</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></div>
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          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">6,429,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></div>
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          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">8,177,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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    </table>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
      </font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">9. Provision for Income Tax</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Provision for income tax consists of the following:</font></div>
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    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Current income tax expense, which represents the amount of federal tax and state and local tax currently payable,
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    <div><br>
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    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Deferred income tax, which represents the net change in the deferred tax assets balance during the year, including any
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    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> <br>
      </font></div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" style="width: 80%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" id="z72eb43eae600468c87017e5c5128e76d">

        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 64%;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="6">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Three Months Ended</font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">March 31,</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; padding-bottom: 2px; width: 64%;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2019</font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">(unaudited)</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">(unaudited)</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; padding-bottom: 2px; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 64%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Current income tax expense</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 64%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Federal</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">203,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">272,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 64%; padding-bottom: 2px;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">State</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">76,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">141,000</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 64%;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">279,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">413,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 64%;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 64%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Deferred income tax</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 64%;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Federal</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">47,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 64%; padding-bottom: 2px;">
            <div style="text-align: left; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">State</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">43,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 64%;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">90,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 64%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 64%; padding-bottom: 4px;">
            <div style="text-align: left; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Total Provision for income tax</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255); font-weight: bold;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">369,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); font-weight: bold;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: bold;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">413,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); font-weight: bold;" colspan="1">&#160;</td>
        </tr>

    </table>
    <br>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 11 -</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Effective Tax Rate</font></div>
    </div>
    <div><br>
    </div>
    <div>
      <div style="text-align: left; color: rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; text-indent: 36pt;">For interim financial reporting, the Company estimates the effective tax rate for tax jurisdictions which is
        applied to the year to date income before tax. For the three months ended March 31, 2019 and 2018, the Company&#8217;s effective tax rate was 28% and 20%, respectively. The increase in the effective tax rate was due to an increase in deferred income tax
        expense. As of December 31, 2018, the Company recorded an income tax benefit related to the recognition of deferred tax assets of $5,576,000. For the three months ended March 31, 2019, the Company incurred deferred income tax expense corresponding
        to the decrease in the deferred tax assets. Deferred income tax expense was $90,000 for the three months ended March 31, 2019 compared to zero for the three months ended March 31, 2018.</div>
      <div style="text-align: left; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> <br>
      </div>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">10. Earnings Per Share</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Basic earnings per share is calculated by dividing net income by the weighted average of the number of outstanding common
        shares during the period. The Company had net income of $1,006,000 for the three months ended March 31, 2019 as compared to net income of $1,693,000 for the three months ended March 31, 2018.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">11. Related Party Disclosures</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">StockCross</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">StockCross and the Company are under common ownership and StockCross serves as one of the two clearing brokers for the
        Company. StockCross has a clearing agreement with MSCO in which StockCross passes through all revenue and charges MSCO for related clearing expenses. Outside of the clearing agreement, MSCO has an expense sharing agreement with StockCross for its
        Beverly Hills office and StockCross pays some of the vendors for miscellaneous expenses which it passes through to MSCO. As of March 31, 2019 and December 31, 2018, MSCO had receivables from StockCross totaling approximately $1.7 million and $1.3
        million, respectively, consisting of financing for inventory positions, the net monthly clearing fees StockCross owes MSCO, and a clearing deposit. As of March 31, 2019 and December 31, 2018, MSCO had a payable to StockCross totaling $21,000 and
        $46,000, respectively<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #70AD47;">. </font>In January 2019, the Company purchased approximately 15% of StockCross&#8217; outstanding shares. <font style="font-size: 10pt;
          font-family: 'Times New Roman', Times, serif; font-style: italic;">Please see Item 4. Financial Statements and Supplementary Data &#8211; &#8220;Note 6 &#8211; Equity Method Investments&#8221; for additional detail on the transaction with StockCross.</font></font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">KCA</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">KCA is an affiliate of the Company and StockCross. To gain efficiencies and economies of scale with billing and
        administrative functions, KCA serves as a paymaster for the Company and StockCross for compensation and benefits expenses, the entirety of which KCA passes through to the Company and StockCross proportionally. In addition, KCA has purchased the
        naming rights for the Company for the Company to use.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">PWC</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">PWC brokers the insurance policies for related parties. Revenue for PWC from related parties was approximately $22,000 for
        the three months ended March 31, 2019.</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;"> </font><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">12. Subsequent Events<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><br>
        </font></font><br>
    </div>
    <div style="background-color: #FFFFFF;">
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">The Company has evaluated events that have occurred subsequent to March 31, 2019 and through May 15,
          2019, the date of the filing of this report. There have been no additional material subsequent events that occurred during such period that would require disclosure in this report or would be required to be recognized in the financial statements
          as of March 31, 2019.</font></div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 12 -</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
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      </div>
    </div>
    <div style="text-align: left; margin-top: 2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #0070C0;">ITEM 2. MANAGEMENT&#8217;S DISCUSSION<a name="DISCUSSION"><!--Anchor--></a> AND ANALYSIS OF
        FINANCIAL CONDITION AND RESULTS OF OPERATIONS</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#160;</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Forward-Looking Statements</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The statements contained in the following MD&amp;A and elsewhere throughout this Quarterly Report on Form 10-Q, including
        any documents incorporated by reference, that are not historical facts, are &#8220;forward-looking statements&#8221; within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements
        about our beliefs and expectations, are forward-looking statements. Forward-looking statements include statements preceded by, followed by or that include the words &#8220;may,&#8221; &#8220;could,&#8221; &#8220;would,&#8221; &#8220;should,&#8221; &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;anticipate,&#8221; &#8220;plan,&#8221;
        &#8220;estimate,&#8221; &#8220;target,&#8221; &#8220;project,&#8221; &#8220;intend&#8221; and similar words or expressions. In particular, forward-looking statements contained in this discussion include our expectations regarding the effect of client trading activity on our results of
        operations; the effect of changes in interest rates on our net interest spreads; the amount of net revenues; average commissions per trade; the amounts of total operating expenses; our effective income tax rate; and our capital and liquidity needs.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Our actual results could differ materially from those anticipated in such forward-looking statements. Important factors
        that may cause such differences include, but are not limited to: economic, social and political conditions and other securities industry risks; interest rate risks; liquidity risks; credit risk with clients and counterparties; risk of liability for
        errors in clearing functions; systemic risk; systems failures, delays and capacity constraints; network security risks; competition; reliance on external service providers; new laws and regulations affecting our business; net capital requirements;
        extensive regulation, regulatory uncertainties and legal matters; difficulties and delays in integrating the StockCross, PWC, or KCAT businesses or fully realizing cost savings and other benefits from the acquisitions; disruptions from the
        StockCross, PWC, or KCAT acquisitions or other factors making it more difficult to maintain relationships with employees, customers, other business partners or governmental entities; the inability to achieve synergies or to implement integration
        plans and other consequences associated with other acquisitions; and the other risks and uncertainties set forth under <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Item 1A. Risk Factors </font>of





        our 2018 Form 10-K. The forward-looking statements contained in this report speak only as of the date on which the statements were made. We undertake no obligation to publicly update or revise these statements, whether as a result of new
        information, future events or otherwise, except to the extent required by the federal securities laws.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">This discussion should be read in conjunction with our consolidated financial statements on our 2018 Form 10-K, and our
        condensed consolidated financial statements and the notes thereto contained elsewhere in this Quarterly Report on Form 10-Q.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Executive Overview</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We operate as a financial services company and provide a wide variety of financial services to our clients. Results in the
        businesses in which we operate are highly correlated to general economic conditions and, more specifically, to the direction of the U.S. equity and fixed-income markets and market volatility, overall market conditions, interest rates, economic,
        political and regulatory trends, and industry competition are among the factors which could affect us and which are unpredictable and beyond our control. These factors affect the financial decisions made by market participants who include investors
        and competitors, impacting their level of participation in the financial markets. In addition, in periods of reduced financial market activity, profitability is likely to be adversely affected because certain expenses remain relatively fixed,
        including salaries and related costs, portions of communications costs and occupancy expenses. Accordingly, earnings for any period should not be considered representative of earnings to be expected for any other period.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Significant Events in the First Quarter of 2019</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">In January 2019, we purchased approximately 15% of StockCross&#8217; outstanding shares to further our partnership with
        StockCross. As of March 31, 2019, the carrying amount of the investment in StockCross, accounted for under the equity method, was $3,704,000, and the investment contributed $39,000 to net income for the three months ended March 31, 2019.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">In March 2019, we committed to an office lease in Miami, FL and have commenced retail operations there as part of the
        continued expansion of our business.</font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 13 -</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
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    </div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Client Account and Activity Metrics</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The following tables set forth metrics we use in analyzing our client account and activity trends for the periods
        indicated:</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Client Account Metrics</font></div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" style="width: 80%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" id="zd9bd849254d045ea961b736be8e27841">

        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 64%;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;" colspan="6">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">As of March 31,</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 64%;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> 2019</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2018</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; padding-bottom: 2px; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 64%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Retail customer margin debit balances (in billions)</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">0.4</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">0.3</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 64%; background-color: rgb(255, 255, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Retail customer credit balances (in billions)</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(255, 255, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">0.4</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(255, 255, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">0.5</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 64%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Retail customer money market fund value (in billions)</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.6</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.7</font></div>
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          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 64%; background-color: rgb(255, 255, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Retail customer net worth (in billions)</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(255, 255, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">11.1</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(255, 255, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">11.0</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 64%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Retail customer accounts</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">75,306</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">73,425</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z56149507e55644e7b97494df7fc9fbbd" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 36pt; vertical-align: top; text-align: center;"><font style="font-family: Times New Roman;">&#9679;</font> </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Retail customer margin debit balances represents credit extended to our customers to finance their purchases
                  against current positions.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zaf4e47d9871549b8be7cc945099cf59b" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 36pt; vertical-align: top; text-align: center;"><font style="font-family: Times New Roman;">&#9679;</font> </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Retail customer credit balances represents client cash held in brokerage accounts.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z21cebd60d0914df6881f2fc1d75239f3" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 36pt; vertical-align: top; text-align: center;"><font style="font-family: Times New Roman;">&#9679;</font> </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Retail customer money market fund value represents all retail customers accounts invested in money market funds.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z321c5c4b281b4bdca3ed5add419307a4" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 36pt; vertical-align: top; text-align: center;"><font style="font-family: Times New Roman;">&#9679;</font> </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Retail customer net worth represents
                    the</font> total value of securities and cash in the retail customer accounts before deducting margin debits.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zb90f1635f3854dd8a1df8e20b78ba361" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 36pt; vertical-align: top; text-align: center;"><font style="font-family: Times New Roman;">&#9679;</font> </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Retail customer accounts represents the number of retail customers. Effective in December 2018, the retail customer accounts metric
                  was revised to include all retail accounts regardless of the amount of assets. Prior periods have been updated to conform to the current presentation.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Client Activity Metrics</font></div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" style="width: 80%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" id="z6bcf797a178a420e83d7167146d46638">

        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 64%;">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;" colspan="7">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Three Months Ended</font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">March 31,</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; padding-bottom: 2px; width: 64%;">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> 2019</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2018</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; padding-bottom: 2px; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 64%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Total retail trades</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">69,709</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">96,219</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 64%; background-color: rgb(255, 255, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Average commission per retail trade</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(255, 255, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">19.05</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(255, 255, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">23.14</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
        </tr>

    </table>
    <div><br>
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    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="za11bb68d4c7248c2990dbb4db1e8b318" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 36pt; vertical-align: top; text-align: center;"><font style="font-family: Times New Roman;">&#9679;</font> </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Total retail trades represents retail trades that generate commissions.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zb33eb8334d7e442b9e9d63819be745b1" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 36pt; vertical-align: top; text-align: center;"><font style="font-family: Times New Roman;">&#9679;</font> </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Average commission per retail trade represents the average commission generated for all types of retail customer trades.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Statements of Operations</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Net Income</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Net income for the three months ended March 31, 2019 was $1,006,000, decreasing by $687,000 or 41% from the corresponding
        period in 2018, primarily due to a reduction in principal transactions and commission and fees revenues as a result of market volatility in the first quarter of 2019. This decrease in revenue was partially offset by the decrease in operating
        expenses such as commission payouts as well as clearing fees and execution costs related to those revenue streams.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Revenue</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Total revenue for the three months ended March 31, 2019 was $6,429,000, decreasing by $1,748,000 or 21% from the
        corresponding period in 2018, primarily due to market volatility in the first quarter of 2019 negatively impacting customer activity and the associated revenue from principal transactions as well as commission and fees.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Margin interest, marketing and distribution fees for the three months ended March 31, 2019 were $2,772,000, decreasing by
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    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Commissions and fees for the three months ended March 31, 2019 were $1,864,000, decreasing by $810,000 or 30% from the
        corresponding period in 2018, primarily due to market volatility in the first quarter of 2019 negatively impacting demand for retail products and overall client activity.</font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 14 -</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
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    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Principal transactions for the three months ended March 31, 2019 were $1,610,000, decreasing by $1,331,000 or 45% from the
        corresponding period in 2018, primarily due to market volatility in the first quarter of 2019 negatively impacting demand for retail products and overall client activity.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Advisory fees for the three months ended March 31, 2019 were $168,000, and increased by $152,000 or 950% from the
        corresponding period in 2018 primarily due to overall expansion of the advisory business line which included revenue growth related to AdvisorNXT&#8217;s Robo-Advisor.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Interest for the three months ended March 31, 2019 were $15,000, and increased by $4,000 or 36% from the corresponding
        period in 2018 primarily due to a rise in interest rates.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Operating Expenses</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Total expenses for the three months ended March 31, 2019 were $5,093,000, and decreased by $978,000 or 16% from the
        corresponding period in 2018 due to a variety of factors. A significant component of our expenses is variable to particular revenue streams. As such, the decrease in commissions and fees and principal transactions revenues led to less commission
        payouts to our representatives as well as less clearing fees and execution costs to process those transactions.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Employee compensation and benefits for the three months ended March 31, 2019 were $2,835,000, and decreased by $827,000 or
        23% from the corresponding period in 2018 primarily due to the decrease in employee commissions and related costs associated with the lower demand for retail products and overall client activity.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Clearing fees, including execution costs for the three months ended March 31, 2019 were $654,000, and decreased by
        $248,000 or 27% from the corresponding period in 2018 primarily due to the decrease in clearing and execution services associated with the lower level of overall client activity.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Professional fees for the three months ended March 31, 2019 were $502,000, and decreased by $106,000 or 17% from the
        corresponding period in 2018 primarily due to a reduction in one-time legal fees.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Other general and administrative expenses for the three months ended March 31, 2019 were $385,000, and decreased by $1,000
        from the corresponding period in 2018.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Technology and communications for the three months ended March 31, 2019 were $247,000, and increased by $13,000 or 6% from
        the corresponding period in 2018 primarily due to incremental technology costs related to moving into the New Jersey office space in the first quarter of 2019.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Rent and occupancy expenses for the three months ended March 31, 2019 were $295,000, and increased by $53,000 or 22% from
        the corresponding period in 2018 primarily due to the increase in rent from our new office space in New Jersey.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Depreciation and amortization for the three months ended March 31, 2019 were $175,000, and increased by $151,000 or 629%
        from the corresponding period in 2018 primarily due to the depreciation and amortization of incremental leasehold improvements and software assets.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Advertising and promotion expenses for the three months ended March 31, 2019 were $0, and decreased by $13,000 from the
        corresponding period in 2018 primarily due to the elimination of miscellaneous advertising costs.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Provision for Income Tax</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Provision for income tax for the three months ended March 31, 2019 was $369,000, and decreased by $44,000 or 11% from the
        corresponding period in 2018 primarily due to the lower income before provision for income tax, </font>partially offset by the deferred income tax expense corresponding to the decrease in the deferred tax assets.</div>
    <div style="text-align: justify; text-indent: 36pt;"> <br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Earnings of Equity Method Investment</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Earnings of equity method investment for the three months ended March 31, 2019 was $39,000, and increased by $39,000 from
        the corresponding period in 2018 due to the Company recognizing its proportional net income from StockCross for the three months ended March 31, 2019.</font></div>
    <div><br>
    </div>
    <br>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 15 -</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
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    </div>
    <div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Statements of Financial Condition</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Assets</font></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Assets as of March 31, 2019 were $21,549,000 and increased by $3,372,000 or 19% from assets as of December 31, 2018,
        primarily due to the lease right-of-use asset recorded per the new lease accounting guidance, the increase in furniture, equipment and leasehold improvements from the development of the New Jersey office, as well as incremental software development
        assets. In relation to the purchase of approximately 15% of StockCross&#8217; outstanding shares, there was an increase in the investment in related party asset of approximately $3.7 million and corresponding decrease in cash, with no net change to total
        assets.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Liabilities</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Liabilities as of March 31, 2019 were $3,369,000 and increased by $2,366,000 or 236% from liabilities as of December 31,
        2018, primarily due to the lease liabilities recorded per the new lease accounting guidance.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Liquidity and Capital Resources</font></div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;&#160;&#160;Our cash and cash equivalents are unrestricted and are used to fund our working capital needs. Our total assets as of
        March 31, 2019 were approximately $21.5 million, of which $3.8 million, or approximately 17% consisted of cash and cash equivalents and were considered highly liquid. Our total assets as of December 31, 2018 were approximately $18.2 million, of
        which $7.2 million, or approximately 40% consisted of cash and cash equivalents and were considered highly liquid.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">MSCO is subject to regulatory requirements that are intended to ensure its liquidity and general financial soundness.
        Under the SEC's Uniform Net Capital Rule (Exchange Act Rule 15c3-1), MSCO is required to maintain, at all times, at least the minimum level of net capital required under Rule 15c3-1. Since our aggregate debits may fluctuate significantly, our
        minimum net capital requirements may also fluctuate significantly from period to period. Siebert may make cash capital contributions to MSCO, if necessary, to meet minimum net capital requirements.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">MSCO may not repay any subordinated borrowings, pay cash dividends, or make any unsecured advances or loans to Siebert or
        employees if such payment would result in a net capital amount of less than (a) 5% of aggregate debit balances or (b)&#160;120% of its minimum dollar requirement.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">As of March 31, 2019, MSCO had net capital of approximately $5.1 million, which was approximately $4.8 million in excess
        of required net capital of $250,000. </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">As of December 31, 2018, MSCO had net capital of approximately $8.9 million, which was approximately $8.7 million in excess of
        required net capital of $250,000.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Contractual Obligations</font></div>
    <div><br>
    </div>
    <div style="text-align: left; color: rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; margin-left: 54pt;">Future annual minimum payments for operating leases with initial terms of greater than one year as of March
      31, 2019 were as follows:</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" style="width: 60%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" id="z1c25af08e7f9466b9485e030579c3bbb">

        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 82%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Year</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;" colspan="2">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Amount</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 82%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;2019</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">676,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 82%; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;2020</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(255, 255, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">891,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 82%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;2021</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">728,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 82%; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;2022</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(255, 255, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">489,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 82%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;2023</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%;" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">468,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 82%; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;2024</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(255, 255, 255);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">39,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 82%; padding-bottom: 2px;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Thereafter</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 82%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">
            <div style="text-align: left; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Remaining balance of lease payments</font></div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255); font-weight: bold;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
            <div style="font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
            <div style="font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3,291,000</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: bold;" colspan="1">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Other than the Miami lease described in the &#8220;Significant Events in the First Quarter of 2019&#8221; section above, there have
        been no material changes in our contractual obligations outside the ordinary course of business since&#160;December 31, 2018.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Off-Balance Sheet Arrangements</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Retail customer transactions are cleared through two clearing brokers on a fully disclosed basis. If customers do not
        fulfill their contractual obligations, the clearing brokers may charge us for any loss incurred in connection with the purchase or sale of securities at prevailing market prices to satisfy customer obligations. We regularly monitor the activity in
        customer accounts for compliance with margin requirements. We are exposed to the risk of loss on unsettled customer transactions if customers and other counterparties are unable to fulfill their contractual obligations. There were no material
        losses for unsettled customer transactions for the three months ended March 31, 2019 and the year ended December 31, 2018.</font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 16 -</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Critical Accounting Policies</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">As of January 1, 2019, we adopted the new standard under ASU 2016-02, which requires lessees to recognize lease on-balance
        sheet and disclose key information about leasing arrangements. As of March 31, 2019, the Company recognized lease right-of-use assets of approximately $2.3 million and corresponding lease liabilities of approximately $2.5 million. This accounting
        pronouncement had no material impact to the condensed consolidated statement of operations for the three months ended March 31, 2019. <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Please see Item
          4. Financial Statements and Supplementary Data &#8211; &#8220;Note 5 &#8211; Leases&#8221; for additional detail.</font></font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Certain of our accounting policies that involve a higher degree of judgment and complexity are discussed in Part&#160;II &#8211;
        Item&#160;7 &#8211; Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations &#8211; Critical Accounting Policies in our&#160;2018&#160;Form&#160;10-K. Except as described above, there have been no changes to critical accounting estimates during
        the&#160;three months ended March 31, 2019.</font></div>
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      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 17 -</font></div>
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    </div>
    <div></div>
    <div><br>
    </div>
    <div style="text-align: left; margin-top: 2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #0070C0;">ITEM 3. QUANTITATIVE AND QUALITATIVE<a name="QUALITATIVE"><!--Anchor--></a> DISCLOSURES ABOUT
        MARKET RISK</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Financial Instruments Held For Trading Purposes</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We do not directly engage in derivative transactions, have no interest in any special purpose entity and have no
        liabilities, contingent or otherwise, for the debt of another entity.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Financial Instruments Held For Purposes Other Than Trading</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We generally invest our cash and cash equivalents temporarily in dollar denominated bank account(s). These investments are
        not subject to material changes in value due to interest rate movements.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Retail customer transactions are cleared through our clearing brokers on a fully disclosed basis. If customers do not
        fulfill their contractual obligations, the clearing broker may charge us for any loss incurred in connection with the purchase or sale of securities at prevailing market prices to satisfy the customers&#8217; obligations. We regularly monitor the
        activity in its customer accounts for compliance with our margin requirements. We are exposed to the risk of loss on unsettled customer transactions if customers and other counterparties are unable to fulfill their contractual obligations. There
        were no material losses for unsettled customer transactions for the three months ended March 31, 2019 and the year ended December 31, 2018.</font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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    </div>
    <div><br>
    </div>
    <div style="text-align: left; margin-top: 2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #0070C0;">ITEM 4. CONTROLS<a name="CONTROLS"><!--Anchor--></a> AND PROCEDURES</font></div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">&#160;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><br>
        </font>Disclosure Controls and Procedures</font></div>
    <div style="background-color: #FFFFFF;">
      <div><br>
      </div>
    </div>
    <div style="background-color: #FFFFFF;">
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">We carried out an evaluation, under the supervision and with the participation of our management,
          including our Executive Vice President/Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures as of the end of the period covered by this report pursuant to Rule 13a-15(e) or Rule
          15d-15(e) of the Exchange Act. Based on that evaluation, our management, including the Executive Vice President/Chief Financial Officer, concluded that our disclosure controls and procedures are effective to ensure that the information we are
          required to disclose in reports that we file or submit under the Exchange Act, is recorded, processed, summarized, and reported within the time periods specified in the rules and forms of the SEC, and to ensure that information required to be
          disclosed is accumulated and communicated to our management, including our Executive Vice President/Chief Financial Officer, to allow timely decisions regarding required disclosure.</font></div>
    </div>
    <div style="background-color: #FFFFFF;">
      <div><br>
      </div>
    </div>
    <div style="background-color: #FFFFFF;">
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Based on its evaluation, our management, including our Executive Vice President/Chief Financial Officer,
          concluded that as of the three months ended March 31, 2019, our disclosure controls and procedures were effective.</font></div>
    </div>
    <div style="background-color: #FFFFFF;">
      <div><br>
      </div>
    </div>
    <div style="background-color: #FFFFFF;">
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Changes in Internal Control over Financial Reporting</font></div>
    </div>
    <div style="background-color: #FFFFFF;">
      <div><br>
      </div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">No change in the Company&#8217;s internal control over financial reporting (as defined in Exchange Act Rule&#160;13a-15(f)) was
        identified during the three months ended&#160;March&#160;31, 2019, that has materially affected, or is reasonably likely to materially affect, the Company&#8217;s internal control over financial reporting.</font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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    <div style="text-align: center; margin-left: 5.45pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">PART II - OTHER<a name="OTHER"><!--Anchor--></a> INFORMATION</font></div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
    <div style="text-align: left; margin-top: 2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #0070C0;">ITEM 1. LEGAL PROCEEDINGS</font></div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company is party to certain claims, suits and complaints arising in the ordinary course of business. In the opinion of
        our management, all such matters are without merit, or involve amounts which would not have a significant effect on the financial position of the Company.</font></div>
    <div style="margin-top: 2pt;"><br>
    </div>
    <div style="text-align: left; margin-top: 2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #0070C0;">ITEM 1A. RISK FACTORS</font></div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">In addition to the other information set forth in this report, investors should carefully consider the
        risk factors discussed in Part I - Item 1A - Risk Factors, in our 2018 Form 10-K, which could materially affect our business, financial position, and results of operations. There have been no material changes from the risk factors disclosed in our
        2018 Form 10-K.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">In addition to the following risk factor which updates and replaces the risk factor captioned &#8220;There may be no public
        market for our Common Stock&#8221; previously disclosed in our 2018 Form 10-K:</font></div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #FF0000;">&#160;</font></div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;&#160;&#160;&#8220;There may be no public market for our Common Stock.</font></div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;&#160;&#160;Only 7,153,506 shares of Common Stock, or approximately 26.3% of our shares of Common Stock outstanding, are
        currently held by the public as of May 15, 2019. Although our Common Stock is traded on the Nasdaq Capital Market, there can be no assurance that an active public market will continue.&#8221;</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;Except for the foregoing, there are no material changes from the risk factors set forth in Part I - Item 1A - Risk
        Factors, in our 2018 Form 10-K.</font></div>
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      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 20 -</font></div>
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    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">SIGNATURES</font></div>
    <div style="text-align: center; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">&#160;</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;&#160;&#160;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its
        behalf by the undersigned thereunto duly authorized.</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
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          <td style="width: 5.78%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td colspan="2" style="width: 44.85%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">SIEBERT FINANCIAL CORP.</font></div>
          </td>
          <td style="width: 5.78%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 4.87%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 39.97%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 5.78%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 49.38%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 4.87%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">By:</font></div>
          </td>
          <td style="width: 39.97%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic; color: #000000;">/s/ Andrew H. Reich</font></div>
          </td>
          <td style="width: 5.78%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 49.38%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 4.87%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 39.97%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Andrew H. Reich</font></div>
          </td>
          <td style="width: 5.78%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
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          <td style="width: 49.38%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 4.87%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 39.97%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Executive Vice President, Chief Operating Officer, Chief Financial Officer, and Secretary</font></div>
          </td>
          <td style="width: 5.78%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
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          <td style="width: 49.38%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 4.87%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 39.97%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Principal executive, financial and accounting officer)</font></div>
          </td>
          <td style="width: 5.78%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
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          <td style="width: 49.38%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 4.87%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 39.97%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 5.78%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
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          <td style="width: 49.38%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td colspan="2" style="width: 44.85%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Dated: May 15, 2019</font></div>
            <div>&#160;</div>
          </td>
          <td style="width: 5.78%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
        </tr>

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    <div style="text-align: left; margin-top: 2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #0070C0;">ITEM 6. EXHIBITS<a name="EXHIBITS"><!--Anchor--></a></font></div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
    <table cellspacing="0" cellpadding="0" id="z298446ba13434c76a706546fbfd5e6cf" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;">

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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Exhibit No.</font></div>
          </td>
          <td style="width: 1.85%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 88.94%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Description of Document</font></div>
          </td>
        </tr>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 1.85%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 88.94%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
        </tr>
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            <div style="text-align: left;"><a href="a51984811ex31_1.htm"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">31.1</font></a></div>
          </td>
          <td style="width: 1.85%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 88.94%; vertical-align: middle;">
            <div style="text-align: left;"><a href="a51984811ex31_1.htm"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Certification
                  of Andrew H. Reich pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.</font></a></div>
          </td>
        </tr>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 1.85%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 88.94%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
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            <div style="text-align: left;"><a href="a51984811ex32_1.htm"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">32.1</font></a></div>
          </td>
          <td style="width: 1.85%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 88.94%; vertical-align: middle;">
            <div style="text-align: left;"><a href="a51984811ex32_1.htm"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Certification
                  of Andrew H. Reich of Periodic Financial Report under Section 906 of the Sarbanes-Oxley Act of 2002.</font></a></div>
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        </tr>
        <tr>
          <td style="width: 9.2%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
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          <td style="width: 1.85%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
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          <td style="width: 88.94%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
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        </tr>
        <tr>
          <td style="width: 9.2%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">101.INS</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 88.94%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">XBRL Instance Document</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.2%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 1.85%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 88.94%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.2%; vertical-align: middle;">
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          </td>
          <td style="width: 1.85%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 88.94%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">XBRL Taxonomy Extension Schema</font></div>
          </td>
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        <tr>
          <td style="width: 9.2%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 1.85%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 88.94%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
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        </tr>
        <tr>
          <td style="width: 9.2%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">101.CAL</font></div>
          </td>
          <td style="width: 1.85%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
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        <tr>
          <td style="width: 9.2%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
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          <td style="width: 1.85%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 88.94%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
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        </tr>
        <tr>
          <td style="width: 9.2%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">101.DEF</font></div>
          </td>
          <td style="width: 1.85%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">XBRL Taxonomy Extension Definition Linkbase</font></div>
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        <tr>
          <td style="width: 9.2%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
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          <td style="width: 1.85%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 88.94%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
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        </tr>
        <tr>
          <td style="width: 9.2%; vertical-align: middle;">
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          <td style="width: 1.85%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
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          <td style="width: 9.2%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
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          <td style="width: 1.85%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
          </td>
          <td style="width: 88.94%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
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        <tr>
          <td style="width: 9.2%; vertical-align: middle;">
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
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  <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 22 -</font></div>
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<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>2
<FILENAME>a51984811ex31_1.htm
<DESCRIPTION>EXHIBIT 31.1
<TEXT>
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    <div style="text-align: right; margin-top: 2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Exhibit 31.1</font></div>
    <div style="text-align: center; margin-right: 103.85pt; margin-left: 103.8pt; margin-top: 4.8pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">CERTIFICATION</font></div>
    <div style="text-align: center; margin-right: 103.85pt; margin-left: 103.8pt; margin-top: 0.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">PURSUANT TO EXCHANGE ACT RULES 13a-14(a) AND 15d-14(a),</font></div>
    <div style="text-align: center; margin-right: 103.85pt; margin-left: 103.85pt; margin-top: 0.25pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY
        ACT OF 2002</font></div>
    <div style="margin-top: 0.4pt;"><br>
    </div>
    <div style="text-align: justify; margin-left: 5.45pt; margin-top: 0.05pt;">
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            <td style="vertical-align: top;" rowspan="1" colspan="2">
              <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">I, Andrew H. Reich, certify that:</div>
              &#160;</td>
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            <td style="width: 98%; vertical-align: top;">&#160;</td>
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              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1.</font></div>
            </td>
            <td style="width: 98%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">I have reviewed this Quarterly Report on Form 10-Q of Siebert Financial Corp.;</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 98%; vertical-align: top;">&#160;</td>
          </tr>
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            <td style="width: 2%; vertical-align: top;">
              <div style="text-align: justify; margin-right: 5.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2.</font></div>
            </td>
            <td style="width: 98%; vertical-align: top;">
              <div style="text-align: justify; margin-right: 5.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a
                  material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</font></div>
            </td>
          </tr>
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            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 98%; vertical-align: top;">&#160;</td>
          </tr>
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            <td style="width: 2%; vertical-align: top;">
              <div style="text-align: justify; margin-right: 5.45pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3.</font></div>
            </td>
            <td style="width: 98%; vertical-align: top;">
              <div style="text-align: justify; margin-right: 5.45pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Based on my knowledge, the financial statements, and other financial information included in this report,
                  fairly present in all material respects the financial condition, results of operations, and cash flows of the registrant as of, and for, the periods presented in this report;</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 98%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 2%; vertical-align: top;">
              <div style="text-align: justify; margin-right: 5.45pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">4.</font></div>
            </td>
            <td style="width: 98%; vertical-align: top;">
              <div style="text-align: justify; margin-right: 5.45pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The registrant&#8217;s other certifying officer(s) and I are responsible for establishing and maintaining
                  disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal controls over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:</font></div>
            </td>
          </tr>

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    </div>
    <div style="text-align: justify; margin-left: 5.45pt; margin-top: 0.05pt;"><br>
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          <tr>
            <td style="width: 5%; vertical-align: top;" colspan="1">&#160;</td>
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              <div style="text-align: justify; margin-right: 5.45pt;">(a)<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160; Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to
                  be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this
                  report is being prepared;</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;" colspan="1">&#160;</td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 93%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;" colspan="1">&#160;</td>
            <td style="width: 2%; vertical-align: top;" rowspan="1" colspan="2">
              <div style="text-align: justify; margin-right: 5.45pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">(b)&#160; Designed such internal controls over financial reporting, or caused such internal controls over
                  financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally
                  accepted accounting principles;</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;" colspan="1">&#160;</td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 93%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;" colspan="1">&#160;</td>
            <td style="width: 2%; vertical-align: top;" rowspan="1" colspan="2">
              <div style="text-align: justify; margin-right: 5.45pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(c)&#160; Evaluated the effectiveness of the registrant&#8217;s disclosure controls and procedures and presented in this
                  report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;" colspan="1">&#160;</td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 93%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;" colspan="1">&#160;</td>
            <td style="width: 2%; vertical-align: top;" rowspan="1" colspan="2">
              <div style="text-align: justify; margin-right: 5.45pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(d)&#160; Disclosed in this report any change in the registrant&#8217;s internal controls over financial reporting that
                  occurred during the registrant&#8217;s most recent fiscal quarter (the registrant&#8217;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant&#8217;s internal
                  controls over financial reporting; and</font></div>
            </td>
          </tr>

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    </div>
    <div style="text-align: justify; margin-left: 5.45pt; margin-top: 0.05pt;"><br>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z8e2fadb59fb34e4d9a7b025ffcfb5640">

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            <td style="width: 2%; vertical-align: top;">
              <div style="text-align: justify; margin-right: 5.45pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">5.</div>
            </td>
            <td style="width: 98%; vertical-align: top;">
              <div style="text-align: justify; margin-right: 5.45pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The registrant&#8217;s other certifying officer(s) and I have disclosed, based on our most recent evaluation of
                  internal controls over financial reporting, to the registrant&#8217;s auditors and the Audit Committee of the registrant&#8217;s board of directors (or persons performing the equivalent functions):</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 5.45pt; margin-top: 0.05pt;"><br>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="zfcc908b86d4941ecafaaf1d8ee24422e">

          <tr>
            <td style="width: 5%; vertical-align: top;" colspan="1">&#160;</td>
            <td style="width: 2%; vertical-align: top;" rowspan="1" colspan="2">
              <div style="text-align: justify; margin-right: 5.45pt;">(a)<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160; All significant deficiencies and material weaknesses in the design or operation of internal controls
                  over financial reporting which are reasonably likely to adversely affect the registrant&#8217;s ability to record, process, summarize, and report financial information; and</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;" colspan="1">&#160;</td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 93%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;" colspan="1">&#160;</td>
            <td style="width: 2%; vertical-align: top;" rowspan="1" colspan="2">
              <div style="text-align: justify; margin-right: 5.45pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(b)&#160; Any fraud, whether or not material, that involves management or other employees who have a significant
                  role in the registrant&#8217;s internal controls over financial reporting.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 5.45pt; margin-top: 0.05pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> <br>
      </font></div>
    <div style="text-align: justify; margin-left: 5.45pt; margin-top: 0.05pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><br>
      </font></div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable">

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            <td style="width: 36.75pt; vertical-align: top; align: right;"><br>
            </td>
            <td style="width: auto; vertical-align: top;"><br>
            </td>
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      </table>
    </div>
    <div style="margin-top: 0.05pt;"><br>
    </div>
    <div style="text-align: justify; margin-left: 5.45pt; margin-top: 4.85pt; margin-bottom: 1.1pt;"><u><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">/s/ Andrew H. Reich &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160;</font></u><font style="text-indent: 0px; font-size: 5.07pt;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New
        Roman', Times, serif;">&#160; &#160; Date: May 15, 2019</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 5.45pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Andrew H. Reich</font></div>
    <div style="text-align: justify; margin-left: 5.45pt; margin-top: 0.25pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Executive Vice President, Chief Operating Officer,</font></div>
    <div style="text-align: justify; margin-left: 5.45pt; margin-top: 0.15pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Chief Financial Officer, and Secretary</font></div>
    <div style="text-align: justify; margin-left: 5.45pt; margin-top: 0.25pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Principal executive, financial and accounting officer)</font></div>
    <div><br>
    </div>
    <br>
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<DOCUMENT>
<TYPE>EX-32.1
<SEQUENCE>3
<FILENAME>a51984811ex32_1.htm
<DESCRIPTION>EXHIBIT 32.1
<TEXT>
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    <div style="text-align: right; margin-top: 2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Exhibit 32.1</font></div>
    <div style="text-align: center; margin-right: 207.85pt; margin-left: 207.9pt; margin-top: 4.8pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,</font></div>
    <div style="text-align: center; margin-right: 103.85pt; margin-left: 103.8pt; margin-top: 0.05pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">AS ADOPTED PURSUANT TO</font></div>
    <div style="text-align: center; margin-top: 0.25pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</font></div>
    <div style="margin-top: 0.45pt;"><br>
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    <div style="text-align: justify; margin-right: 5.4pt; margin-left: 5.45pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">In connection with the Quarterly Report of Siebert Financial Corp. (the &#8220;Company&#8221;) on Form 10-Q for
        the quarterly period ended March 31, 2019, as filed with the Securities and Exchange Commission on the date hereof (the &#8220;Report&#8221;), I, Andrew H. Reich, in my capacity as Executive Vice President, Chief Operating Officer, Chief Financial Officer, and
        Secretary hereby certify, pursuant to 18 U.S.C. ss. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:</font></div>
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              <div style="text-align: left; margin-left: 5.45pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1.</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 12.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Report fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934; and</font></div>
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            <td style="width: 5.45pt; vertical-align: top; align: right;">
              <div style="text-align: left; margin-left: 5.45pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2.</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 12.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The information contained in the Report fairly presents, in all material respects, the financial condition of
                  the Company at the end of the period covered by the Report and the results of operations of the Company for the period covered by the Report.</font></div>
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    <div style="text-align: justify; margin-left: 5.45pt; margin-top: 4.8pt; margin-bottom: 0.95pt;"><u><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">/s/ Andrew H. Reich &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160;</font></u><font style="text-indent: 0px; font-size: 5.06pt;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman',
        Times, serif;"> Date: May 15, 2019</font></div>
    <div><br>
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    <div style="text-align: justify; margin-left: 5.45pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Andrew H. Reich</font></div>
    <div style="text-align: justify; margin-left: 5.45pt; margin-top: 0.25pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Executive Vice President, Chief Operating Officer,</font></div>
    <div style="text-align: justify; margin-left: 5.45pt; margin-top: 0.25pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Chief Financial Officer, and Secretary</font></div>
    <div style="text-align: justify; margin-left: 5.45pt; margin-top: 0.15pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Principal executive, financial and accounting officer)</font></div>
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    </div>
    <div style="text-align: justify; margin-right: 5.45pt; margin-left: 5.45pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">A signed original of this written statement required by Section 906, or other documents
        authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to Siebert Financial Corp. and will be retained by
        Siebert Financial Corp. and furnished to the Securities and Exchange Commission or its staff upon request.</font></div>
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    <us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock contextRef="From2019-01-01to2019-03-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;1. Organization and Basis of Presentation&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: left; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Organization&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Siebert Financial Corp., a New York corporation incorporated in 1934, is a holding company that conducts its retail&#13;        discount brokerage business through its wholly-owned subsidiary, Muriel Siebert &amp;#38; Co., Inc. (&amp;#8220;MSCO&amp;#8221;), a Delaware corporation and registered broker-dealer, its investment advisory business through its wholly-owned subsidiary, Siebert AdvisorNXT,&#13;        Inc. (&amp;#8220;AdvisorNXT&amp;#8221;), a New York corporation registered with the SEC as a Registered Investment Advisor under the Investment Advisers Act of 1940, as amended, and its insurance business through its wholly-owned subsidiary, Park Wilshire Companies,&#13;        Inc. (&amp;#8220;PWC&amp;#8221;), a Texas corporation and licensed insurance agency. It also conducts operations through a fourth subsidiary, KCA Technologies, LLC. (&amp;#8220;KCAT&amp;#8221;), a Nevada limited liability company and developer of robo-advisory technology. For purposes of&#13;        this Quarterly Report on Form 10-Q, the terms &amp;#8220;Siebert,&amp;#8221; &amp;#8220;Company,&amp;#8221; &amp;#8220;we,&amp;#8221; &amp;#8220;us,&amp;#8221; and &amp;#8220;our&amp;#8221; refer to Siebert Financial Corp., MSCO, AdvisorNXT, PWC, and KCAT collectively, unless the context otherwise requires.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt; &lt;/font&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company is headquartered in New York, NY, with primary operations in New Jersey and California. The Company has&#13;        offices throughout the United States of America (&amp;#8220;U.S.&amp;#8221;) and clients around the world. The Company&amp;#8217;s SEC filings are available through the Company&amp;#8217;s website at www.siebertnet.com, where investors are able to obtain copies of the Company&amp;#8217;s public&#13;        filings free of charge. The Company&amp;#8217;s common stock (&amp;#8220;Common Stock&amp;#8221;), par value $.01 per share, trades on the Nasdaq Capital Market under the symbol &amp;#8220;SIEB.&amp;#8221;&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company primarily operates in the securities brokerage and asset management industry and has no other reportable&#13;        segments. All of the Company's revenues for the three months ended March 31, 2019 and 2018 were derived from its operations in the U.S.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Basis of Presentation&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Basis of Presentation&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting&#13;        principles generally accepted in the U.S. (GAAP) for interim financial information with the instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by GAAP for&#13;        complete annual financial statements. In the opinion of the Company&amp;#8217;s management, the accompanying unaudited financial statements contain all adjustments (consisting of normal recurring entries) necessary to fairly present such interim results.&#13;        Interim results are not necessarily indicative of the results of operations which may be expected for a full year or any subsequent period. These unaudited condensed consolidated financial statements should be read in conjunction with the financial&#13;        statements and notes thereto in the Company&amp;#8217;s Annual Report on Form 10-K for the year ended December 31, 2018 (&amp;#8220;2018 Form 10-K&amp;#8221;). The consolidated financial statements include the accounts of Siebert and its wholly-owned subsidiaries and upon&#13;        consolidation, all intercompany balances and transactions are eliminated. The U.S. dollar is the functional currency of the Company.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="background-color: #FFFFFF"&gt;&#13;      &lt;div style="text-align: justify; margin-bottom: 12pt"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif; color: #000000"&gt;Reclassifications&lt;/font&gt;&lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="background-color: #FFFFFF"&gt;&#13;      &lt;div style="text-align: left; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;Certain prior period amounts have been reclassified to conform to the current year&amp;#8217;s presentation. These&#13;          reclassifications have no effect on previously reported net income or total assets or total liabilities.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Significant Accounting Policies&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company&amp;#8217;s significant accounting policies are included in Note 2 in the Company&amp;#8217;s 2018 Form 10-K. There have been no&#13;        significant changes to these accounting policies for the three months ended March 31, 2019 except as described in the sections &amp;#8220;Equity Method Investment&amp;#8221; and the &amp;#8220;Note 2 &amp;#8211; New Accounting Standards&amp;#8221; below.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="background-color: #FFFFFF"&gt;&#13;      &lt;div style="text-align: justify; margin-bottom: 12pt"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif; color: #000000"&gt;Equity Method Investments&lt;/font&gt;&lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;Investments in which the Company has the ability to exercise significant influence, but does not control,&#13;        are accounted for under the equity method of accounting and are included in the investment in related party asset on the condensed consolidated statements of financial condition. Under this method of accounting, the Company&amp;#8217;s share of the net&#13;        earnings or losses of the investee is presented below the income tax line on the condensed consolidated statements of operations. The Company evaluates its equity method investments whenever events or changes in circumstance indicate that the&#13;        carrying amounts of such investments may be impaired. If a decline in the value of an equity method investment is determined to be other than temporary, a loss is recorded in earnings in the current period.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock>
    <us-gaap:SignificantAccountingPoliciesTextBlock contextRef="From2019-01-01to2019-03-31">&lt;div&gt;&lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2. New Accounting Standards&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Recently Adopted Accounting Pronouncements&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;ASU 2016-02&lt;/font&gt; &amp;#8211; In&#13;        February 2016, the FASB established Topic 842, Leases, by issuing Accounting Standards Update (&amp;#8220;ASU&amp;#8221;) No. 2016-02, which requires lessees to recognize leases on-balance sheet and disclose key information about leasing arrangements. The new standard&#13;        establishes a right-of-use model that requires a lessee to recognize a lease right-of-use asset and lease liability on the statement of financial condition for all leases with a term longer than 12 months. Leases will be classified as finance or&#13;        operating, with classification affecting the pattern and classification of expense recognition in the statement of operations. The new standard is effective for the Company on January 1, 2019, with early adoption permitted. The Company adopted the&#13;        new standard on its effective date. A modified retrospective transition approach is required, applying the new standard to all leases existing at the date of initial application. An entity may choose to use either (1) its effective date or (2) the&#13;        beginning of the earliest comparative period presented in the financial statements as its date of initial application. The Company adopted the new standard on January 1, 2019 and used the effective date as the date of initial application.&#13;        Consequently, financial information will not be updated and the disclosures required under the new standard will not be provided for dates and periods before January 1, 2019. As of March 31, 2019, the Company recognized lease right-of-use assets of&#13;        approximately $2.3 million and corresponding lease liabilities of approximately $2.5 million. This accounting pronouncement had no material impact to the condensed consolidated statement of operations for the three months ended March 31, 2019.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;The new standard provides a number of optional practical expedients in transition. The Company elected the&#13;        &amp;#8220;package of practical expedients,&amp;#8221; which permits the Company not to reassess under the new standard the Company&amp;#8217;s prior conclusions about lease identification, lease classification and initial direct costs. The Company has not elected the hindsight&#13;        practical expedient at transition.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;The new standard also provides practical expedients for an entity&amp;#8217;s ongoing accounting. The Company&#13;        elected the short-term lease recognition exemption for all leases that qualify. This means, for those leases that qualify, the Company will not recognize lease right-of-use assets or lease liabilities, and this includes not recognizing lease&#13;        right-of-use assets or lease liabilities for existing short-term leases of those assets in transition.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:SignificantAccountingPoliciesTextBlock>
    <us-gaap:DueToAndFromBrokerDealersAndClearingOrganizationsDisclosure contextRef="From2019-01-01to2019-03-31">&lt;div style="text-align: left"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;4. Receivables from and Payable to Brokers, Dealers and Clearing Organizations&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="background-color: #FFFFFF"&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;The Company evaluates&#13;            receivables from clearing organizations and other brokers for collectability noting no amount was &lt;/font&gt;considered uncollectable as of March 31, 2019 and the year ended December 31, 2018&lt;font style="font-size: 10pt; color: #000000"&gt;. No valuation allowance is recognized for receivables from clearing and other brokers as the Company does not have a history of losses from receivables from clearing and other brokers and does not&#13;            anticipate losses in the future.&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Amounts receivable from / payable to brokers, dealers and clearing organizations consisted of the following as of the&#13;        periods indicated:&lt;/font&gt;&lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" id="za60c053ea5c34cefbf5343b6bd567fc3" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;As of&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;March 31, 2019&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;(unaudited)&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;As of&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;December 31, 2018&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Receivables from clearing and other brokers&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;National Financial Services (&amp;#8220;NFS&amp;#8221;)&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,408,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,664,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;StockCross Financial Services, Inc. (&amp;#8220;StockCross&amp;#8221;)&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;708,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;310,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Other receivables&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;117,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;31,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Citibank&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;42,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;25,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 4px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total Receivables from clearing and other brokers&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2,275,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2,030,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Receivable from related party&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;StockCross&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,000,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,000,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 4px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total Receivable from related party&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;1,000,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;1,000,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Due to clearing brokers and related parties&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Kennedy Cabot Acquisition, LLC (&amp;#8220;KCA&amp;#8221;)&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;33,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;StockCross&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;21,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;46,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;MSCO&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;10,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;29,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;NFS&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;58,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 4px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total Due to clearing brokers and related parties&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;64,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;133,000&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:DueToAndFromBrokerDealersAndClearingOrganizationsDisclosure>
    <us-gaap:LesseeOperatingLeasesTextBlock contextRef="From2019-01-01to2019-03-31">&lt;div&gt;&lt;div&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;5. Leases&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: left; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;A lease is defined as a contract, or part of a contract, that conveys the right to control the use of identified property,&#13;        plant or equipment for a period of time in exchange for consideration. On January 1, 2019, the Company adopted ASU No. 2016-02 &lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;&amp;#8220;Leases&amp;#8221; (Topic 842) &lt;/font&gt;and&#13;&#13;&#13;        all subsequent ASUs that modified Topic 842. For the Company, Topic 842 affected the accounting treatment for operating lease agreements in which the Company is the lessee.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company rents office space under operating leases expiring in 2019 through 2024, and the Company has no financing&#13;        leases. The leases call for base rent plus escalations as well as other operating expenses. The following table represents the Company&amp;#8217;s lease right-of-use assets and lease liabilities on the condensed consolidated statements of financial&#13;        condition. The Company elected not to include short-term leases (i.e., leases with initial terms of twelve months or less), or equipment leases (deemed immaterial) on the condensed consolidated statements of financial condition.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" align="center" id="z788124899df94f6ba5ead36ad6a15ddc" style="width: 60%; font: 10pt Times New Roman, Times, serif"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 64%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="3" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;As of&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;March 31, 2019&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;(unaudited)&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="3" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;As of&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;December 31, 2018&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 64%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Assets&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="3" style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="3" style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 64%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Lease right-of-use assets&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,257,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 64%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Liabilities&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 64%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Lease liabilities&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,530,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;      &#13;    &lt;/table&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The calculated amount of the lease right-of-use assets and lease liabilities in the table above are impacted by the length&#13;        of the lease term and the discount rate used to present value the minimum lease payments. As of March 31, 2019, the Company does not believe that any of the renewal options under the existing leases are reasonably certain to be exercised; however,&#13;        the Company will continue to assess and monitor the lease renewal options on an ongoing basis. The Company also leases some miscellaneous office equipment, but they are immaterial and therefore the Company records the costs associated with this&#13;        office equipment on the condensed consolidated statements of operations rather than capitalized as lease right-of-use assets. The Company determined a discount rate of 5.0% would approximate the Company&amp;#8217;s cost to obtain financing given its size,&#13;        growth, and risk profile.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" align="center" id="za5f735b3e078439bbf8149f7f3a89d1e" style="width: 80%; font: 10pt Times New Roman, Times, serif"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Lease Term and Discount Rate&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 88%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;Weighted average remaining lease term &amp;#8211; operating leases (in years)&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;4.3&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 88%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;Weighted average discount rate &amp;#8211; operating leases&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;5.0&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;%&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;      &#13;    &lt;/table&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The following table represents lease costs and other lease information. The Company elected to separate the lease and&#13;        non-lease components, and as such, the variable lease cost primarily represents variable payments such as common area maintenance and utilities.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" align="center" id="z22d9e4d1dd134e528f9dfb3f833bb849" style="width: 90%; font: 10pt Times New Roman, Times, serif"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Three Months Ended&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;March 31, 2019&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;Operating lease cost&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;148,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;Short-term lease cost&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;130,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;Variable lease cost&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;17,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;Sublease income&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%; padding-bottom: 4px"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Total lease cost&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;295,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Cash paid for amounts included in the measurement of lease liabilities&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Operating cash flows from operating leases&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;147,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Lease right-of-use assets obtained in exchange for new lease liabilities&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Operating leases&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,680,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;      &#13;    &lt;/table&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Lease Commitments&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Future annual minimum payments for operating leases with initial terms of greater than one year as of March 31, 2019 were&#13;        as follows:&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" align="center" id="ze29da9b164904993a0d1e7e5deb022d0" style="width: 60%; font: 10pt Times New Roman, Times, serif"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Year&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Amount&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;2019&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;676,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;2020&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;891,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;2021&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;728,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;2022&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;489,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;2023&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;468,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;2024&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;39,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%; padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;Thereafter&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255); padding-bottom: 4px"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Remaining balance of lease payments&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 4px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;3,291,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Lease payments related to leases not commenced as of&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;March 31, 2019&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: middle; text-align: right; width: 12%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt &amp;quot"&gt;480,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Difference between undiscounted cash flows and&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;discounted cash flows&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: middle; text-align: right; width: 12%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt &amp;quot"&gt;304,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%; padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Other reconciling items&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(23,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Lease liabilities&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,530,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;      &#13;    &lt;/table&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Rent and related operating expenses were $295,000 and $242,000 for the three months ended March 31, 2019 and 2018,&#13;        respectively. As of March 31, 2019, the Company had an operating lease agreement for an office space in Miami, FL with a term of 2 years. The total commitment of the lease is approximately $480,000 and the lease will commence on April 1, 2019.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:LesseeOperatingLeasesTextBlock>
    <us-gaap:EquityMethodInvestmentsDisclosureTextBlock contextRef="From2019-01-01to2019-03-31">&lt;div&gt;&lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&lt;/font&gt;&lt;font style="font-size: 10pt; font-weight: bold"&gt;6. Equity Method Investments&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;In January 2019, the Company purchased approximately 15% of StockCross&amp;#8217; outstanding shares. The number of shares purchased&#13;        by the Company was 922,875 at a per share price of approximately $3.97. The Company&amp;#8217;s ownership in StockCross is accounted for under the equity method of accounting.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;In determining whether the investment in StockCross should be accounted for under the equity method of accounting, the&#13;        Company leveraged the guidance under &lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;ASC 323, Investments &amp;#8211; Equity Method and Joint Venture&lt;/font&gt;s. Although the Company maintains approximately a&#13;        15% ownership interest in StockCross, the Company evaluated the positive evidence related to criteria such as common representation on the board of directors, participation in policy-making processes, material intra-entity transactions, interchange&#13;        of managerial personnel and technological interdependency of the Company and StockCross. Based on these criteria, the Company determined that it was able to exercise significant influence of StockCross, and therefore the equity method of accounting&#13;        was used for this transaction.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Under the equity method, the Company recognizes its share of StockCross&amp;#8217; net income in the earnings of equity method&#13;        investment line item in the condensed consolidated statements of operations. The Company has elected to classify distributions received from equity method investees using the cumulative earnings approach. For the three months ended March 31, 2019,&#13;        the amount of net income recognized from the Company&amp;#8217;s investment in StockCross was approximately $39,000. This investment is reported in the investment in related party line item in the condensed consolidated statements of financial condition. As&#13;        of March 31, 2019, the carrying amount of the investment in StockCross was approximately $3,704,000.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company evaluates its equity method investments for impairment when events or changes indicate the carrying value may&#13;        not be recoverable. If the impairment is determined to be other-than-temporary, the Company will recognize an impairment loss equal to the difference between the expected realizable value and the carrying value of the investment. As of March 31,&#13;        2019, the fair value of the investment in StockCross is not estimated because there were no identified events or changes in circumstances that may have a significant adverse effect on the fair value of the investment and thus, no impairment was&#13;        recorded.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Below is a table showing illustrating the summary from the condensed consolidated statements of operations for StockCross&#13;        for the period indicated:&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" align="center" id="z9efd758b554648a98b21907c831d3ff5" style="width: 40%; font: 10pt Times New Roman, Times, serif"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 67%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Three Months Ended March 31, 2019&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;(unaudited)&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 67%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Revenue&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 30%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;4,014,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 67%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Gross profit&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 30%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;285,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 67%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Net income&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 30%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;246,000&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:EquityMethodInvestmentsDisclosureTextBlock>
    <us-gaap:CommitmentsAndContingenciesDisclosureTextBlock contextRef="From2019-01-01to2019-03-31">&lt;div&gt;&lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;7. Commitments, Contingencies, and Other&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Legal and Regulatory Matters&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company is party to certain claims, suits and complaints arising in the ordinary course of business. In the opinion of&#13;        the Company, all such matters are without merit, or involve amounts which would not have a significant effect on the financial statements of the Company.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;General Contingencies&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company is party to certain claims, suits and complaints arising in the ordinary course of business. In the opinion of&#13;        the Company&amp;#8217;s management, all such matters are without merit, or involve amounts which would not have a significant effect on the financial statements of the Company.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt; &lt;/font&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;In the normal course of its business, the Company indemnifies and guarantees certain service providers against specified&#13;        potential losses in connection with their acting as an agent of, or providing services to, the Company. The maximum potential amount of future payments that the Company could be required to make under these indemnifications cannot be estimated.&#13;        However, the Company believes that it is unlikely it will have to make material payments under these arrangements and has not recorded any contingent liability in the financial statements for these indemnifications.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company provides representations and warranties to counterparties in connection with a variety of commercial&#13;        transactions and occasionally indemnifies them against potential losses caused by the breach of those representations and warranties. The Company may also provide standard indemnifications to some counterparties to protect them in the event&#13;        additional taxes are owed or payments are withheld, due either to a change in or adverse application of certain tax laws. These indemnifications generally are standard contractual terms and are entered into in the normal course of business. The&#13;        maximum potential amount of future payments that the Company could be required to make under these indemnifications cannot be estimated. However, the Company believes that it is unlikely it will have to make material payments under these&#13;        arrangements and has not recorded any contingent liability in the financial statements for these indemnifications.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company is self-insured with respect to employee health claims. The Company maintains stop-loss insurance for certain&#13;        risks and has a health claim reinsurance limit capped at approximately $50,000 per employee. The estimated liability for self-insurance claims is initially recorded in the year in which the event of loss occurs, and may be subsequently adjusted&#13;        based upon new information and cost estimates. Reserves for losses represent estimates of reported losses and estimates of incurred but not reported losses based on past and current experience. Actual claims paid and settled may differ, perhaps&#13;        significantly, from the provision for losses. This adds uncertainty to the estimated reserves for losses. Accordingly, it is at least possible that the ultimate settlement of losses may vary significantly from the amounts included in the financial&#13;        statements.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;As part of this plan, the Company recognized expenses totaling $289,000 and $240,000 for the three months ended March 31,&#13;        2019 and 2018, respectively. The Company had an accrual of $75,000 and $70,000 as of the three months ended March 31, 2019 and 2018, respectively, which represents the historical estimate of future claims to be recognized for claims incurred prior&#13;        to March 31, 2019 and 2018, respectively.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company believes that its present insurance coverage and reserves are sufficient to cover currently estimated&#13;        exposures, but there can be no assurance that the Company will not incur liabilities in excess of recorded reserves or in excess of its insurance limits.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:CommitmentsAndContingenciesDisclosureTextBlock>
    <us-gaap:RevenueFromContractWithCustomerTextBlock contextRef="From2019-01-01to2019-03-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif; color: #000000"&gt;8. Revenue Recognition&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The primary sources of revenue for the Company are as follows: revenue from contracts with customers which includes&#13;        commissions and fees, principal transactions, and advisory fees as well as other income which includes margin interest, marketing, and distribution fees. The recognition and measurement of revenue is based on the assessment of individual contract&#13;        terms. The amount of revenue recognized by the Company is based on the consideration specified in contracts with its clients. The Company recognizes revenue when a performance obligation is satisfied over time as the services are performed or at a&#13;        point in time depending on the nature of the services provided as further discussed below. Significant judgment is required to determine whether performance obligations are satisfied at a point in time or over time; how to allocate transaction&#13;        prices where multiple performance obligations are identified; when to recognize revenue based on the appropriate measure of the Company&amp;#8217;s progress under the contract; and whether constraints on variable consideration should be applied due to&#13;        uncertain future events. For the three months ended March 31, 2019 and 2018, there were no costs capitalized related to obtaining or fulfilling a contract with a customer and thus the Company has no balances for contract assets or contract&#13;        liabilities.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Categorization of Revenue by Service&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The following table presents the major revenue categories and when each category is recognized:&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" id="z02d72c9242cd4534beb268dd60a69537" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 38%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="6" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Three Months Ended&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;March 31,&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; text-align: center; width: 26%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 38%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Revenue Category&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2019&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;(unaudited)&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2018&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;(unaudited)&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 26%"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt &amp;quot"&gt;Timing of Recognition&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 38%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Trading Execution and Clearing Services&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; text-align: center; width: 26%"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 38%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;Commissions and fees&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,864,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,674,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: 10pt &amp;quot"&gt;Recorded on trade date&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 38%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;Principal transactions&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,610,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,941,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 26%"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: 10pt &amp;quot"&gt;Recorded on trade date&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 38%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Advisory fees and additional income&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;183,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;27,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: 10pt &amp;quot"&gt;Recorded as earned&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 38%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 26%; text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 38%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Other Income&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255); text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 38%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Margin interest, marketing and distribution fees&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 26%; text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 38%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;Margin interest&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,066,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,635,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: 10pt &amp;quot"&gt;Recorded as earned&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 38%; padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;12b1 fees&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;706,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;900,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 26%; padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: 10pt &amp;quot"&gt;Recorded as earned&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 38%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;Total Margin interest, marketing and distribution fees&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,772,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,535,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255); text-align: center"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 38%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 26%; padding-bottom: 2px; text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 38%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total Revenue&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;6,429,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;8,177,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 26%; padding-bottom: 4px; background-color: rgb(204, 238, 255); text-align: center"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;      &#13;    &lt;/table&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The following table presents each revenue category and its related performance obligation:&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" id="zaf070c8a2fc54ad2a334a0abff3e0135" style="font: 10pt Times New Roman, Times, serif; width: 100%; border-collapse: collapse"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="width: 50.01%; vertical-align: top"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Revenue Stream&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td style="width: 49.99%; vertical-align: top"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Performance Obligation&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="width: 50.01%; vertical-align: top; background-color: #CCEEFF"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Commissions and fees, Principal transactions, Advisory fees and additional income&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td style="width: 49.99%; vertical-align: top; background-color: #CCEEFF"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Provide security trading services to customer and act as agent&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="width: 50.01%; vertical-align: top"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Margin interest, marketing and distribution fees&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td style="width: 49.99%; vertical-align: top"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;n/a&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;      &#13;    &lt;/table&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Disaggregation of Revenue &amp;#8211; Legacy Siebert vs. StockCross Accounts&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The following table presents a breakdown of the Company&amp;#8217;s revenue between the amounts attributed to the accounts that were&#13;        originally part of Siebert (&amp;#8220;Legacy Siebert&amp;#8221;) vs. the accounts acquired from StockCross (&amp;#8220;StockCross accounts&amp;#8221;):&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" id="z2411ead3c72d463882e532093f3611b6" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="6" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Three Months Ended&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;March 31,&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: bottom; background-color: #FFFFFF"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #FFFFFF"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2019&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;(unaudited)&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #FFFFFF"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2018&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;(unaudited)&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Revenue from Principal transactions:&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Principal transactions &amp;#8211; Legacy Siebert&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;379,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;572,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Principal transactions &amp;#8211; StockCross accounts&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,231,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,369,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Total Revenue from Principal transactions&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,610,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,941,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Revenue from Commissions and fees:&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Commissions and fees &amp;#8211; Legacy Siebert&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,580,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,955,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Commissions and fees &amp;#8211; StockCross accounts&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;284,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;719,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;Total Revenue from Commissions and fees&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,864,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,674,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Revenue from Margin interest, marketing and distribution fees:&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Margin interest, marketing and distribution&amp;#160;fees &amp;#8211; Legacy Siebert&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,445,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,328,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Margin interest, marketing and distribution fees &amp;#8211; StockCross accounts&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;327,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;207,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Total Revenue from Margin interest, marketing and distribution fees&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,772,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,535,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Additional Revenue:&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Advisory fees &amp;#8211; Legacy Siebert&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;168,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;16,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Interest &amp;#8211; Legacy Siebert&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;15,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;11,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 4px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total Revenue&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;6,429,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;8,177,000&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:RevenueFromContractWithCustomerTextBlock>
    <us-gaap:IncomeTaxDisclosureTextBlock contextRef="From2019-01-01to2019-03-31">&lt;div&gt;&lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;9. Provision for Income Tax&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Provision for income tax consists of the following:&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Current income tax expense, which represents the amount of federal tax and state and local tax currently payable,&#13;        including interest and penalties and amounts accrued for unrecognized tax benefits, if any, and;&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Deferred income tax, which represents the net change in the deferred tax assets balance during the year, including any&#13;        change in the valuation allowance.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt; &lt;br /&gt;&#13;      &lt;/font&gt;&lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" align="center" id="z72eb43eae600468c87017e5c5128e76d" style="width: 80%; font: 10pt Times New Roman, Times, serif"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 64%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="6" style="vertical-align: bottom; vertical-align: bottom"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Three Months Ended&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;March 31,&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; padding-bottom: 2px; width: 64%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2019&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;(unaudited)&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2018&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;(unaudited)&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; padding-bottom: 2px; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13; 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text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 64%"&gt;&#13;            &lt;div style="text-align: left; margin-left: 7.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;Federal&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;203,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;272,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 64%; padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: left; margin-left: 7.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;State&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;76,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;141,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 64%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;279,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;413,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 64%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 64%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Deferred income tax&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 64%"&gt;&#13;            &lt;div style="text-align: left; margin-left: 7.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;Federal&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13; 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background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 64%; padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: left; margin-left: 7.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;State&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13; 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         &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;90,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 64%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 64%; padding-bottom: 4px"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Total Provision for income tax&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;369,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;413,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;      &#13;    &lt;/table&gt;&#13;    &lt;br /&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Effective Tax Rate&lt;/font&gt;&lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&#13;      &lt;div style="text-align: left; color: rgb(0, 0, 0); font: 10pt &amp;quot; text-indent: 36pt"&gt;For interim financial reporting, the Company estimates the effective tax rate for tax jurisdictions which is&#13;        applied to the year to date income before tax. For the three months ended March 31, 2019 and 2018, the Company&amp;#8217;s effective tax rate was 28% and 20%, respectively. The increase in the effective tax rate was due to an increase in deferred income tax&#13;        expense. As of December 31, 2018, the Company recorded an income tax benefit related to the recognition of deferred tax assets of $5,576,000. For the three months ended March 31, 2019, the Company incurred deferred income tax expense corresponding&#13;        to the decrease in the deferred tax assets. Deferred income tax expense was $90,000 for the three months ended March 31, 2019 compared to zero for the three months ended March 31, 2018.&lt;/div&gt;&lt;/div&gt;</us-gaap:IncomeTaxDisclosureTextBlock>
    <us-gaap:EarningsPerShareTextBlock contextRef="From2019-01-01to2019-03-31">&lt;div&gt;&lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;10. Earnings Per Share&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Basic earnings per share is calculated by dividing net income by the weighted average of the number of outstanding common&#13;        shares during the period. The Company had net income of $1,006,000 for the three months ended March 31, 2019 as compared to net income of $1,693,000 for the three months ended March 31, 2018.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:EarningsPerShareTextBlock>
    <us-gaap:RelatedPartyTransactionsDisclosureTextBlock contextRef="From2019-01-01to2019-03-31">&lt;div&gt;&lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;11. Related Party Disclosures&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;StockCross&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;StockCross and the Company are under common ownership and StockCross serves as one of the two clearing brokers for the&#13;        Company. StockCross has a clearing agreement with MSCO in which StockCross passes through all revenue and charges MSCO for related clearing expenses. Outside of the clearing agreement, MSCO has an expense sharing agreement with StockCross for its&#13;        Beverly Hills office and StockCross pays some of the vendors for miscellaneous expenses which it passes through to MSCO. As of March 31, 2019 and December 31, 2018, MSCO had receivables from StockCross totaling approximately $1.7 million and $1.3&#13;        million, respectively, consisting of financing for inventory positions, the net monthly clearing fees StockCross owes MSCO, and a clearing deposit. As of March 31, 2019 and December 31, 2018, MSCO had a payable to StockCross totaling $21,000 and&#13;        $46,000, respectively&lt;font style="font: 10pt Times New Roman, Times, serif; color: #70AD47"&gt;. &lt;/font&gt;In January 2019, the Company purchased approximately 15% of StockCross&amp;#8217; outstanding shares. &lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Please see Item 4. Financial Statements and Supplementary Data &amp;#8211; &amp;#8220;Note 6 &amp;#8211; Equity Method Investments&amp;#8221; for additional detail on the transaction with StockCross.&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;KCA&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;KCA is an affiliate of the Company and StockCross. To gain efficiencies and economies of scale with billing and&#13;        administrative functions, KCA serves as a paymaster for the Company and StockCross for compensation and benefits expenses, the entirety of which KCA passes through to the Company and StockCross proportionally. In addition, KCA has purchased the&#13;        naming rights for the Company for the Company to use.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;PWC&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;PWC brokers the insurance policies for related parties. Revenue for PWC from related parties was approximately $22,000&#13;        for the three months ended March 31, 2019.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:RelatedPartyTransactionsDisclosureTextBlock>
    <us-gaap:SubsequentEventsTextBlock contextRef="From2019-01-01to2019-03-31">&lt;div&gt;&lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;12. Subsequent Events&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&lt;br /&gt;&#13;        &lt;/font&gt;&lt;/font&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="background-color: #FFFFFF"&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;The Company has evaluated events that have occurred subsequent to March 31, 2019 and through May 15,&#13;          2019, the date of the filing of this report. There have been no additional material subsequent events that occurred during such period that would require disclosure in this report or would be required to be recognized in the financial statements&#13;          as of March 31, 2019.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:SubsequentEventsTextBlock>
    <us-gaap:BasisOfAccountingPolicyPolicyTextBlock contextRef="From2019-01-01to2019-03-31">&lt;div&gt;&lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Basis of Presentation&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting&#13;        principles generally accepted in the U.S. (GAAP) for interim financial information with the instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by GAAP for&#13;        complete annual financial statements. In the opinion of the Company&amp;#8217;s management, the accompanying unaudited financial statements contain all adjustments (consisting of normal recurring entries) necessary to fairly present such interim results.&#13;        Interim results are not necessarily indicative of the results of operations which may be expected for a full year or any subsequent period. These unaudited condensed consolidated financial statements should be read in conjunction with the financial&#13;        statements and notes thereto in the Company&amp;#8217;s Annual Report on Form 10-K for the year ended December 31, 2018 (&amp;#8220;2018 Form 10-K&amp;#8221;). The consolidated financial statements include the accounts of Siebert and its wholly-owned subsidiaries and upon&#13;        consolidation, all intercompany balances and transactions are eliminated. The U.S. dollar is the functional currency of the Company.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:BasisOfAccountingPolicyPolicyTextBlock>
    <us-gaap:Reclassifications contextRef="From2019-01-01to2019-03-31">&lt;div&gt;&lt;div style="background-color: #FFFFFF"&gt;&lt;div style="text-align: justify; margin-bottom: 12pt"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif; color: #000000"&gt;Reclassifications&lt;/font&gt;&lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="background-color: #FFFFFF"&gt;&#13;      &lt;div style="text-align: left; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;Certain prior period amounts have been reclassified to conform to the current year&amp;#8217;s presentation. These&#13;          reclassifications have no effect on previously reported net income or total assets or total liabilities.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:Reclassifications>
    <us-gaap:EquityMethodInvestmentsPolicy contextRef="From2019-01-01to2019-03-31">&lt;div&gt;&lt;div&gt;&lt;/div&gt;&#13;    &lt;div style="background-color: #FFFFFF"&gt;&#13;      &lt;div style="text-align: justify; margin-bottom: 12pt"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif; color: #000000"&gt;Equity Method Investments&lt;/font&gt;&lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;Investments in which the Company has the ability to exercise significant influence, but does not control,&#13;        are accounted for under the equity method of accounting and are included in the investment in related party asset on the condensed consolidated statements of financial condition. Under this method of accounting, the Company&amp;#8217;s share of the net&#13;        earnings or losses of the investee is presented below the income tax line on the condensed consolidated statements of operations. The Company evaluates its equity method investments whenever events or changes in circumstance indicate that the&#13;        carrying amounts of such investments may be impaired. If a decline in the value of an equity method investment is determined to be other than temporary, a loss is recorded in earnings in the current period.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:EquityMethodInvestmentsPolicy>
    <us-gaap:AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock contextRef="From2019-01-01to2019-03-31">&lt;div&gt;&lt;div&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Amounts receivable from / payable to brokers, dealers and clearing organizations consisted of the following as of the&#13;        periods indicated:&lt;/font&gt;&lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" id="za60c053ea5c34cefbf5343b6bd567fc3" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;As of&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;March 31, 2019&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;(unaudited)&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;As of&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;December 31, 2018&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Receivables from clearing and other brokers&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;National Financial Services (&amp;#8220;NFS&amp;#8221;)&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,408,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,664,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;StockCross Financial Services, Inc. (&amp;#8220;StockCross&amp;#8221;)&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;708,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;310,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Other receivables&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;117,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;31,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Citibank&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;42,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;25,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 4px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total Receivables from clearing and other brokers&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2,275,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2,030,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Receivable from related party&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;StockCross&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,000,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,000,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 4px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total Receivable from related party&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;1,000,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;1,000,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Due to clearing brokers and related parties&lt;/font&gt;&lt;/div&gt;&#13; 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text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Kennedy Cabot Acquisition, LLC (&amp;#8220;KCA&amp;#8221;)&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;33,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;StockCross&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;21,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13; 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         &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;10,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;29,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;NFS&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;58,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 4px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total Due to clearing brokers and related parties&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;64,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13; 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    <SIEB:ScheduleOfSupplementalBalanceSheetInformationRelatedToLeasesTableTextBlock contextRef="From2019-01-01to2019-03-31">&lt;div&gt;&lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The following table represents the Company&amp;#8217;s lease right-of-use assets and lease liabilities on the condensed consolidated statements of financial&#13;        condition. The Company elected not to include short-term leases (i.e., leases with initial terms of twelve months or less), or equipment leases (deemed immaterial) on the condensed consolidated statements of financial condition.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" align="center" id="z788124899df94f6ba5ead36ad6a15ddc" style="width: 60%; font: 10pt Times New Roman, Times, serif"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 64%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="3" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;As of&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;March 31, 2019&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;(unaudited)&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="3" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;As of&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;December 31, 2018&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 64%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Assets&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="3" style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="3" style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 64%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Lease right-of-use assets&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,257,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 64%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Liabilities&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 64%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Lease liabilities&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,530,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</SIEB:ScheduleOfSupplementalBalanceSheetInformationRelatedToLeasesTableTextBlock>
    <SIEB:ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock contextRef="From2019-01-01to2019-03-31">&lt;div&gt;&lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" align="center" id="za5f735b3e078439bbf8149f7f3a89d1e" style="width: 80%; font: 10pt Times New Roman, Times, serif"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Lease Term and Discount Rate&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 88%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;Weighted average remaining lease term &amp;#8211; operating leases (in years)&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;4.3&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 88%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;Weighted average discount rate &amp;#8211; operating leases&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;5.0&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;%&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;      &#13;    &lt;/table&gt;&#13;    &lt;/div&gt;</SIEB:ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock>
    <us-gaap:LeaseCostTableTextBlock contextRef="From2019-01-01to2019-03-31">&lt;div&gt;&lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The following table represents lease costs and other lease information. The Company elected to separate the lease and&#13;        non-lease components, and as such, the variable lease cost primarily represents variable payments such as common area maintenance and utilities.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" align="center" id="z22d9e4d1dd134e528f9dfb3f833bb849" style="width: 90%; font: 10pt Times New Roman, Times, serif"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Three Months Ended&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;March 31, 2019&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;Operating lease cost&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;148,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;Short-term lease cost&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;130,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;Variable lease cost&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;17,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;Sublease income&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%; padding-bottom: 4px"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Total lease cost&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;295,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Cash paid for amounts included in the measurement of lease liabilities&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Operating cash flows from operating leases&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;147,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Lease right-of-use assets obtained in exchange for new lease liabilities&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Operating leases&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,680,000&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:LeaseCostTableTextBlock>
    <us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock contextRef="From2019-01-01to2019-03-31">&lt;div&gt;&lt;div&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Future annual minimum payments for operating leases with initial terms of greater than one year as of March 31, 2019 were&#13;        as follows:&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" align="center" id="ze29da9b164904993a0d1e7e5deb022d0" style="width: 60%; font: 10pt Times New Roman, Times, serif"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Year&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Amount&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;2019&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;676,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;2020&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;891,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;2021&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;728,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;2022&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;489,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;2023&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;468,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;2024&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;39,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%; padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;Thereafter&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255); padding-bottom: 4px"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Remaining balance of lease payments&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 4px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;3,291,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Lease payments related to leases not commenced as of&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;March 31, 2019&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: middle; text-align: right; width: 12%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt &amp;quot"&gt;480,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Difference between undiscounted cash flows and&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;discounted cash flows&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: middle; text-align: right; width: 12%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt &amp;quot"&gt;304,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%; padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Other reconciling items&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(23,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Lease liabilities&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,530,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;      &#13;    &lt;/table&gt;&#13;    &lt;/div&gt;</us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock>
    <SIEB:ScheduleOfSupplementalOperationsInformationTableTextBlock contextRef="From2019-01-01to2019-03-31">&lt;div&gt;&lt;div&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Below is a table showing illustrating the summary from the condensed consolidated statements of operations for StockCross&#13;        for the period indicated:&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" align="center" id="z9efd758b554648a98b21907c831d3ff5" style="width: 40%; font: 10pt Times New Roman, Times, serif"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 67%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Three Months Ended March 31, 2019&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;(unaudited)&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 67%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Revenue&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 30%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;4,014,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 67%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Gross profit&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 30%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;285,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 67%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Net income&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 30%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;246,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;      &#13;    &lt;/table&gt;&#13;    &lt;/div&gt;</SIEB:ScheduleOfSupplementalOperationsInformationTableTextBlock>
    <us-gaap:ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock contextRef="From2019-01-01to2019-03-31">&lt;div&gt;&lt;div&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The following table presents the major revenue categories and when each category is recognized:&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" id="z02d72c9242cd4534beb268dd60a69537" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 38%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="6" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Three Months Ended&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;March 31,&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; text-align: center; width: 26%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 38%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Revenue Category&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2019&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;(unaudited)&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2018&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;(unaudited)&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 26%"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt &amp;quot"&gt;Timing of Recognition&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 38%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Trading Execution and Clearing Services&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; text-align: center; width: 26%"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 38%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;Commissions and fees&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,864,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,674,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: 10pt &amp;quot"&gt;Recorded on trade date&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 38%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;Principal transactions&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,610,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,941,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 26%"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: 10pt &amp;quot"&gt;Recorded on trade date&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 38%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Advisory fees and additional income&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;183,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;27,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: 10pt &amp;quot"&gt;Recorded as earned&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 38%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 26%; text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 38%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Other Income&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255); text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 38%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Margin interest, marketing and distribution fees&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 26%; text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 38%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;Margin interest&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,066,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,635,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: 10pt &amp;quot"&gt;Recorded as earned&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 38%; padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;12b1 fees&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;706,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;900,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 26%; padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: 10pt &amp;quot"&gt;Recorded as earned&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 38%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;Total Margin interest, marketing and distribution fees&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,772,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,535,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255); text-align: center"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 38%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 26%; padding-bottom: 2px; text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 38%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total Revenue&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;6,429,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;8,177,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock>
    <SIEB:ScheduleOfPerformanceObligationTableTextBlock contextRef="From2019-01-01to2019-03-31">&lt;div&gt;&lt;div&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The following table presents each revenue category and its related performance obligation:&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" id="zaf070c8a2fc54ad2a334a0abff3e0135" style="font: 10pt Times New Roman, Times, serif; width: 100%; border-collapse: collapse"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="width: 50.01%; vertical-align: top"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Revenue Stream&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td style="width: 49.99%; vertical-align: top"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Performance Obligation&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="width: 50.01%; vertical-align: top; background-color: #CCEEFF"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Commissions and fees, Principal transactions, Advisory fees and additional income&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td style="width: 49.99%; vertical-align: top; background-color: #CCEEFF"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Provide security trading services to customer and act as agent&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="width: 50.01%; vertical-align: top"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Margin interest, marketing and distribution fees&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td style="width: 49.99%; vertical-align: top"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;n/a&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</SIEB:ScheduleOfPerformanceObligationTableTextBlock>
    <us-gaap:DisaggregationOfRevenueTableTextBlock contextRef="From2019-01-01to2019-03-31">&lt;div&gt;&lt;div&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The following table presents a breakdown of the Company&amp;#8217;s revenue between the amounts attributed to the accounts that were&#13;        originally part of Siebert (&amp;#8220;Legacy Siebert&amp;#8221;) vs. the accounts acquired from StockCross (&amp;#8220;StockCross accounts&amp;#8221;):&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" id="z2411ead3c72d463882e532093f3611b6" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="6" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Three Months Ended&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;March 31,&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: bottom; background-color: #FFFFFF"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #FFFFFF"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2019&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;(unaudited)&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #FFFFFF"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2018&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;(unaudited)&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Revenue from Principal transactions:&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Principal transactions &amp;#8211; Legacy Siebert&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;379,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;572,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Principal transactions &amp;#8211; StockCross accounts&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,231,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,369,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Total Revenue from Principal transactions&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,610,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,941,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Revenue from Commissions and fees:&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Commissions and fees &amp;#8211; Legacy Siebert&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,580,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,955,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Commissions and fees &amp;#8211; StockCross accounts&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;284,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;719,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;Total Revenue from Commissions and fees&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,864,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,674,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Revenue from Margin interest, marketing and distribution fees:&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Margin interest, marketing and distribution&amp;#160;fees &amp;#8211; Legacy Siebert&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,445,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,328,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Margin interest, marketing and distribution fees &amp;#8211; StockCross accounts&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;327,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;207,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Total Revenue from Margin interest, marketing and distribution fees&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,772,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,535,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Additional Revenue:&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Advisory fees &amp;#8211; Legacy Siebert&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;168,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;16,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Interest &amp;#8211; Legacy Siebert&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;15,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;11,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 4px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total Revenue&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;6,429,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;            &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;8,177,000&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:DisaggregationOfRevenueTableTextBlock>
    <us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock contextRef="From2019-01-01to2019-03-31">&lt;div&gt;&lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Deferred income tax, which represents the net change in the deferred tax assets balance during the year, including any&#13;        change in the valuation allowance.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt; &lt;br /&gt;&#13;      &lt;/font&gt;&lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" align="center" id="z72eb43eae600468c87017e5c5128e76d" style="width: 80%; font: 10pt Times New Roman, Times, serif"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 64%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="6" style="vertical-align: bottom; vertical-align: bottom"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Three Months Ended&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;March 31,&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; padding-bottom: 2px; width: 64%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2019&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;(unaudited)&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2018&lt;/font&gt;&lt;/div&gt;&#13;            &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;(unaudited)&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; padding-bottom: 2px; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 64%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Current income tax expense&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 64%"&gt;&#13;            &lt;div style="text-align: left; margin-left: 7.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;Federal&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;203,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;272,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 64%; padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: left; margin-left: 7.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;State&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;76,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;141,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 64%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;279,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;413,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 64%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 64%"&gt;&#13;            &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Deferred income tax&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 64%"&gt;&#13;            &lt;div style="text-align: left; margin-left: 7.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif; color: #000000"&gt;Federal&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;47,000&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 64%; padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: left; margin-left: 7.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;State&lt;/font&gt;&lt;/div&gt;&#13; 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	  <link:usedOn>link:calculationLink</link:usedOn>
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	  <link:definition>00000033 - Disclosure - Leases (Schedule of Future Minimum Base Rental Payment) (Details)</link:definition>
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	  <link:usedOn>link:calculationLink</link:usedOn>
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	  <link:usedOn>link:calculationLink</link:usedOn>
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	<link:roleType roleURI="http://siebertnet.com/role/PerShareDataDetailsNarrative" id="PerShareDataDetailsNarrative">
	  <link:definition>00000042 - Disclosure - Earnings Per Share (Details)</link:definition>
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	  <link:usedOn>link:calculationLink</link:usedOn>
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	<link:linkbaseRef xlink:type="simple" xlink:href="sieb-20190331_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Definition Links" />
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    <import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd" />
    <import namespace="http://xbrl.sec.gov/dei/2018-01-31" schemaLocation="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd" />
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<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>6
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<DESCRIPTION>XBRL TAXONOMY EXTENSION CALCULATION LINKBASE
<TEXT>
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RelatedPartyDomain" xlink:label="loc_us-gaapRelatedPartyDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapRelatedPartyTransactionsByRelatedPartyAxis" xlink:to="loc_us-gaapRelatedPartyDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_PWCMember" xlink:label="loc_SIEBPWCMember_0" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapRelatedPartyDomain" xlink:to="loc_SIEBPWCMember_0" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_MSCOMember" xlink:label="loc_SIEBMSCOMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapRelatedPartyDomain" xlink:to="loc_SIEBMSCOMember_10" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_DueFromStockcross" xlink:label="loc_SIEBDueFromStockcross_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapRelatedPartyTransactionLineItems" xlink:to="loc_SIEBDueFromStockcross_40" xlink:type="arc" order="0" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RevenueFromRelatedParties" xlink:label="loc_us-gaapRevenueFromRelatedParties_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapRelatedPartyTransactionLineItems" xlink:to="loc_us-gaapRevenueFromRelatedParties_40" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RelatedPartyCosts" xlink:label="loc_us-gaapRelatedPartyCosts_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapRelatedPartyTransactionLineItems" xlink:to="loc_us-gaapRelatedPartyCosts_40" xlink:type="arc" order="2" />
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross" xlink:label="loc_SIEBReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapRelatedPartyTransactionLineItems" xlink:to="loc_SIEBReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross_40" xlink:type="arc" order="3" />
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_PayableToStockCross" xlink:label="loc_SIEBPayableToStockCross_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapRelatedPartyTransactionLineItems" xlink:to="loc_SIEBPayableToStockCross_40" xlink:type="arc" order="4" />
    </link:definitionLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>8
<FILENAME>sieb-20190331_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoXBRL; Version: 4.26b -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: http://www.novaworks.co -->
    <!-- Field: Doc-Info; Name: Source; Value: SIEB 0319 10Q.xfr; Date: 2019%2D05%2D15T18:58:08Z -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x80010000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
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    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" roleURI="http://www.xbrl.org/2009/role/netLabel" />
    <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ProductOrServiceAxis" xlink:label="srt_ProductOrServiceAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ProductOrServiceAxis" xlink:to="srt_ProductOrServiceAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ProductOrServiceAxis_lbl" xml:lang="en-US">Products and Services [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_PrincipalTransactionsMember" xlink:label="SIEB_PrincipalTransactionsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PrincipalTransactionsMember" xlink:to="SIEB_PrincipalTransactionsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_PrincipalTransactionsMember_lbl" xml:lang="en-US">Principal transactions [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BusinessAcquisitionAxis" xlink:label="us-gaap_BusinessAcquisitionAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionAxis" xlink:to="us-gaap_BusinessAcquisitionAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessAcquisitionAxis_lbl" xml:lang="en-US">Business Acquisition [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_LegacySiebertMember" xlink:label="SIEB_LegacySiebertMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_LegacySiebertMember" xlink:to="SIEB_LegacySiebertMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_LegacySiebertMember_lbl" xml:lang="en-US">Legacy Siebert [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_StockCrossAccountsMember" xlink:label="SIEB_StockCrossAccountsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_StockCrossAccountsMember" xlink:to="SIEB_StockCrossAccountsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_StockCrossAccountsMember_lbl" xml:lang="en-US">StockCross accounts [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_CommissionsAndFeesMember" xlink:label="SIEB_CommissionsAndFeesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_CommissionsAndFeesMember" xlink:to="SIEB_CommissionsAndFeesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_CommissionsAndFeesMember_lbl" xml:lang="en-US">Commissions and fees [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_MarginInterestMarketingAndDistributionFeesMember" xlink:label="SIEB_MarginInterestMarketingAndDistributionFeesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_MarginInterestMarketingAndDistributionFeesMember" xlink:to="SIEB_MarginInterestMarketingAndDistributionFeesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_MarginInterestMarketingAndDistributionFeesMember_lbl" xml:lang="en-US">Margin interest, marketing and distribution fees [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="us-gaap_StatementEquityComponentsAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementEquityComponentsAxis" xlink:to="us-gaap_StatementEquityComponentsAxis_lbl" xlink:type="arc" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockMember" xlink:label="us-gaap_CommonStockMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockMember" xlink:to="us-gaap_CommonStockMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockMember_lbl" xml:lang="en-US">Number of Shares $.01 Par Value [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="us-gaap_AdditionalPaidInCapitalMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapitalMember" xlink:to="us-gaap_AdditionalPaidInCapitalMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalPaidInCapitalMember_lbl" xml:lang="en-US">Additional Paid-In Capital [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_RetainedEarningsAccumulatedDeficitMember" xlink:label="SIEB_RetainedEarningsAccumulatedDeficitMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RetainedEarningsAccumulatedDeficitMember" xlink:to="SIEB_RetainedEarningsAccumulatedDeficitMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_RetainedEarningsAccumulatedDeficitMember_lbl" xml:lang="en-US">Retained Earnings / (Accumulated Deficit) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancialInstrumentAxis" xlink:label="us-gaap_FinancialInstrumentAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialInstrumentAxis" xlink:to="us-gaap_FinancialInstrumentAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancialInstrumentAxis_lbl" xml:lang="en-US">Financial Instrument [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_MSCOMember" xlink:label="SIEB_MSCOMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_MSCOMember" xlink:to="SIEB_MSCOMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_MSCOMember_lbl" xml:lang="en-US">MSCO [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:label="srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:to="srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_lbl" xml:lang="en-US">Investment, Name [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_StockCrossMember" xlink:label="SIEB_StockCrossMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_StockCrossMember" xlink:to="SIEB_StockCrossMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_StockCrossMember_lbl" xml:lang="en-US">StockCross [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_ProductOrServiceMember" xlink:label="SIEB_ProductOrServiceMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ProductOrServiceMember" xlink:to="SIEB_ProductOrServiceMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_ProductOrServiceMember_lbl" xml:lang="en-US">One [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_ProductOrServiceOneMember" xlink:label="SIEB_ProductOrServiceOneMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ProductOrServiceOneMember" xlink:to="SIEB_ProductOrServiceOneMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_ProductOrServiceOneMember_lbl" xml:lang="en-US">Two [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:to="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl" xml:lang="en-US">Related Party [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_PWCMember" xlink:label="SIEB_PWCMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PWCMember" xlink:to="SIEB_PWCMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_PWCMember_lbl" xml:lang="en-US">PWC [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_DocumentAndEntityInformationAbstract" xlink:label="SIEB_DocumentAndEntityInformationAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DocumentAndEntityInformationAbstract" xlink:to="SIEB_DocumentAndEntityInformationAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_DocumentAndEntityInformationAbstract_lbl" xml:lang="en-US">Document And Entity Information</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US">Entity Registrant Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US">Entity Central Index Key</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_DocumentType" xlink:label="dei_DocumentType" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US">Document Type</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US">Document Period End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US">Amendment Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US">Current Fiscal Year End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US">Entity Filer Category</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US">Document Fiscal Period Focus</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xml:lang="en-US">Cash and cash equivalents</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ReceivableFromLessors" xlink:to="SIEB_ReceivableFromLessors_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_ReceivableFromLessors_lbl" xml:lang="en-US">Receivable from lessors</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherReceivables_lbl" xml:lang="en-US">Other receivables</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PrepaidExpenseAndOtherAssets" xlink:label="us-gaap_PrepaidExpenseAndOtherAssets" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PrepaidExpenseAndOtherAssets_lbl" xml:lang="en-US">Prepaid expenses and other assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="us-gaap_PropertyPlantAndEquipmentNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentNet" xlink:to="us-gaap_PropertyPlantAndEquipmentNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentNet_lbl" xml:lang="en-US">Furniture, equipment and leasehold improvements, net</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:label="us-gaap_IntangibleAssetsNetExcludingGoodwill" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:to="us-gaap_IntangibleAssetsNetExcludingGoodwill_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IntangibleAssetsNetExcludingGoodwill_lbl" xml:lang="en-US">Software, net</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseRightOfUseAsset" xlink:label="us-gaap_OperatingLeaseRightOfUseAsset" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseRightOfUseAsset" xlink:to="us-gaap_OperatingLeaseRightOfUseAsset_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseRightOfUseAsset_lbl" xml:lang="en-US">Lease right-of-use assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:label="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_lbl" xml:lang="en-US">Investment in related party</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent" xlink:label="us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent_lbl" xml:lang="en-US">Deferred tax assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Assets" xlink:label="us-gaap_Assets" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DueToRelatedPartiesCurrentAndNoncurrent_lbl" xml:lang="en-US">Due to clearing brokers and related parties</link:label>
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LeaseIncentivePayableCurrentAndNoncurrent" xlink:label="us-gaap_LeaseIncentivePayableCurrentAndNoncurrent" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xml:lang="en-US">Total liabilities and stockholders' equity</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityAbstract" xlink:to="us-gaap_StockholdersEquityAbstract_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_StockholdersEquityAbstract_2_lbl" xml:lang="en-US">Stockholder's equity:</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockParOrStatedValuePerShare" xlink:to="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xml:lang="en-US">Common stock, par value</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="us-gaap_CommonStockSharesAuthorized" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesAuthorized" xlink:to="us-gaap_CommonStockSharesAuthorized_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesAuthorized_lbl" xml:lang="en-US">Common stock, authorized shares</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="us-gaap_CommonStockSharesIssued" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesIssued" xlink:to="us-gaap_CommonStockSharesIssued_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xml:lang="en-US">Common stock, issued shares</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="us-gaap_CommonStockSharesOutstanding" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesOutstanding" xlink:to="us-gaap_CommonStockSharesOutstanding_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xml:lang="en-US">Common stock, outstanding shares</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="us-gaap_IncomeStatementAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_IncomeStatementAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeStatementAbstract_lbl" xml:lang="en-US">Income Statement [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="us-gaap_RevenuesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenuesAbstract" xlink:to="us-gaap_RevenuesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RevenuesAbstract_lbl" xml:lang="en-US">Revenue:</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_RevenueFromMarginInterestMarketingAndDistributionFees" xlink:label="SIEB_RevenueFromMarginInterestMarketingAndDistributionFees" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromMarginInterestMarketingAndDistributionFees" xlink:to="SIEB_RevenueFromMarginInterestMarketingAndDistributionFees_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_RevenueFromMarginInterestMarketingAndDistributionFees_lbl" xml:lang="en-US">Margin interest, marketing and distribution fees</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_RevenueFromCommissionsAndFees" xlink:label="SIEB_RevenueFromCommissionsAndFees" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromCommissionsAndFees" xlink:to="SIEB_RevenueFromCommissionsAndFees_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_RevenueFromCommissionsAndFees_lbl" xml:lang="en-US">Commissions and fees</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PrincipalTransactionsRevenue" xlink:label="us-gaap_PrincipalTransactionsRevenue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PrincipalTransactionsRevenue" xlink:to="us-gaap_PrincipalTransactionsRevenue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PrincipalTransactionsRevenue_lbl" xml:lang="en-US">Principal transactions</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_AdvisoryFeesRevenue" xlink:label="SIEB_AdvisoryFeesRevenue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_AdvisoryFeesRevenue" xlink:to="SIEB_AdvisoryFeesRevenue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_AdvisoryFeesRevenue_lbl" xml:lang="en-US">Advisory fees</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestAndDividendIncomeOperating" xlink:label="us-gaap_InterestAndDividendIncomeOperating" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestAndDividendIncomeOperating" xlink:to="us-gaap_InterestAndDividendIncomeOperating_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestAndDividendIncomeOperating_lbl" xml:lang="en-US">Interest</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Revenues" xlink:label="us-gaap_Revenues" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Revenues" xlink:to="us-gaap_Revenues_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Revenues_lbl" xml:lang="en-US">Total revenue</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:label="us-gaap_OperatingExpensesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpensesAbstract" xlink:to="us-gaap_OperatingExpensesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingExpensesAbstract_lbl" xml:lang="en-US">Expenses:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LaborAndRelatedExpense" xlink:label="us-gaap_LaborAndRelatedExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LaborAndRelatedExpense" xlink:to="us-gaap_LaborAndRelatedExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LaborAndRelatedExpense_lbl" xml:lang="en-US">Employee compensation and benefits</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FloorBrokerageExchangeAndClearanceFees" xlink:label="us-gaap_FloorBrokerageExchangeAndClearanceFees" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FloorBrokerageExchangeAndClearanceFees" xlink:to="us-gaap_FloorBrokerageExchangeAndClearanceFees_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FloorBrokerageExchangeAndClearanceFees_lbl" xml:lang="en-US">Clearing fees, including execution costs</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProfessionalFees" xlink:label="us-gaap_ProfessionalFees" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProfessionalFees" xlink:to="us-gaap_ProfessionalFees_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProfessionalFees_lbl" xml:lang="en-US">Professional fees</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherGeneralAndAdministrativeExpense" xlink:label="us-gaap_OtherGeneralAndAdministrativeExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherGeneralAndAdministrativeExpense" xlink:to="us-gaap_OtherGeneralAndAdministrativeExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherGeneralAndAdministrativeExpense_lbl" xml:lang="en-US">Other general and administrative</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommunicationsAndInformationTechnology" xlink:label="us-gaap_CommunicationsAndInformationTechnology" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommunicationsAndInformationTechnology" xlink:to="us-gaap_CommunicationsAndInformationTechnology_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommunicationsAndInformationTechnology_lbl" xml:lang="en-US">Technology and communications</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OccupancyNet" xlink:label="us-gaap_OccupancyNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OccupancyNet" xlink:to="us-gaap_OccupancyNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OccupancyNet_lbl" xml:lang="en-US">Rent and occupancy</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DepreciationAndAmortization" xlink:label="us-gaap_DepreciationAndAmortization" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepreciationAndAmortization" xlink:to="us-gaap_DepreciationAndAmortization_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepreciationAndAmortization_lbl" xml:lang="en-US">Depreciation and amortization</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MarketingAndAdvertisingExpense" xlink:label="us-gaap_MarketingAndAdvertisingExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketingAndAdvertisingExpense" xlink:to="us-gaap_MarketingAndAdvertisingExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketingAndAdvertisingExpense_lbl" xml:lang="en-US">Advertising and promotion</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingExpenses" xlink:label="us-gaap_OperatingExpenses" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpenses" xlink:to="us-gaap_OperatingExpenses_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OperatingExpenses_lbl" xml:lang="en-US">Total Expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProfitLoss" xlink:label="us-gaap_ProfitLoss" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProfitLoss" xlink:to="us-gaap_ProfitLoss_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ProfitLoss_lbl" xml:lang="en-US">Income before provision for income tax and before earnings of equity method investment</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="us-gaap_IncomeTaxExpenseBenefit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxExpenseBenefit" xlink:to="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xml:lang="en-US">Provision for income tax</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:label="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:to="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_lbl" xml:lang="en-US">Income before earnings of equity method investment</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromEquityMethodInvestments" xlink:to="us-gaap_IncomeLossFromEquityMethodInvestments_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments_lbl" xml:lang="en-US">Earnings of equity method investment</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="us-gaap_NetIncomeLoss" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="us-gaap_NetIncomeLoss_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetIncomeLoss_lbl" xml:lang="en-US">Net Income</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EarningsPerShareBasicAndDiluted" xlink:label="us-gaap_EarningsPerShareBasicAndDiluted" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareBasicAndDiluted" xlink:to="us-gaap_EarningsPerShareBasicAndDiluted_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareBasicAndDiluted_lbl" xml:lang="en-US">Net income per share of common stock - Basic and diluted</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted" xlink:label="us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted" xlink:to="us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted_lbl" xml:lang="en-US">Weighted average shares outstanding - Basic and diluted</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementTable" xlink:label="us-gaap_StatementTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementTable_lbl" xml:lang="en-US">Statement [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementLineItems" xlink:label="us-gaap_StatementLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StatementLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementLineItems_lbl" xml:lang="en-US">Statement [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_StockholdersEquity_2_lbl" xml:lang="en-US">Beginning balance</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockOtherSharesOutstanding" xlink:label="us-gaap_CommonStockOtherSharesOutstanding" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockOtherSharesOutstanding" xlink:to="us-gaap_CommonStockOtherSharesOutstanding_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_CommonStockOtherSharesOutstanding_lbl" xml:lang="en-US">Beginning balance, shares</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:to="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl" xml:lang="en-US">Issuance of stock</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:to="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" xml:lang="en-US">Issuance of stock, shares</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="us-gaap_NetIncomeLoss_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetIncomeLoss_2_lbl" xml:lang="en-US">Net income</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_CapitalContribution" xlink:label="SIEB_CapitalContribution" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_CapitalContribution" xlink:to="SIEB_CapitalContribution_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_CapitalContribution_lbl" xml:lang="en-US">Capital Contribution</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalOther" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalOther" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToAdditionalPaidInCapitalOther" xlink:to="us-gaap_AdjustmentsToAdditionalPaidInCapitalOther_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalOther_lbl" xml:lang="en-US">Distributions</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_StockholdersEquity_3_lbl" xml:lang="en-US">Ending balance</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockOtherSharesOutstanding" xlink:to="us-gaap_CommonStockOtherSharesOutstanding_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_CommonStockOtherSharesOutstanding_2_lbl" xml:lang="en-US">Ending balance, shares</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="us-gaap_StatementOfCashFlowsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_StatementOfCashFlowsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfCashFlowsAbstract_lbl" xml:lang="en-US">Statement of Cash Flows [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">Cash flows from operating activities:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">Adjustments to reconcile net income to net cash provided by/(used in) operating activities:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInDeferredIncomeTaxes" xlink:label="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes" xlink:to="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes_lbl" xml:lang="en-US">Deferred tax expense</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromEquityMethodInvestments" xlink:to="us-gaap_IncomeLossFromEquityMethodInvestments_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments_2_lbl" xml:lang="en-US">Earnings of equity method investment</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:to="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xml:lang="en-US">Changes in:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInSecuritiesBorrowed" xlink:label="us-gaap_IncreaseDecreaseInSecuritiesBorrowed" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInSecuritiesBorrowed" xlink:to="us-gaap_IncreaseDecreaseInSecuritiesBorrowed_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInSecuritiesBorrowed_lbl" xml:lang="en-US">Securities owned, at fair value</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInBrokerageReceivables" xlink:label="us-gaap_IncreaseDecreaseInBrokerageReceivables" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInBrokerageReceivables" xlink:to="us-gaap_IncreaseDecreaseInBrokerageReceivables_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInBrokerageReceivables_lbl" xml:lang="en-US">Receivables from clearing and other brokers</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInDueFromRelatedParties" xlink:label="us-gaap_IncreaseDecreaseInDueFromRelatedParties" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInDueFromRelatedParties" xlink:to="us-gaap_IncreaseDecreaseInDueFromRelatedParties_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInDueFromRelatedParties_lbl" xml:lang="en-US">Receivable from related party</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:label="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:to="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_lbl" xml:lang="en-US">Prepaid expenses and other assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInReceivables" xlink:label="us-gaap_IncreaseDecreaseInReceivables" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInReceivables" xlink:to="us-gaap_IncreaseDecreaseInReceivables_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInReceivables_lbl" xml:lang="en-US">Receivable from lessors</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:to="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_lbl" xml:lang="en-US">Accounts payable and accrued liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInDueToRelatedParties" xlink:label="us-gaap_IncreaseDecreaseInDueToRelatedParties" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInDueToRelatedParties" xlink:to="us-gaap_IncreaseDecreaseInDueToRelatedParties_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncreaseDecreaseInDueToRelatedParties_lbl" xml:lang="en-US">Due to clearing brokers and related parties</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable" xlink:label="us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable" xlink:to="us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_lbl" xml:lang="en-US">Income tax payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xml:lang="en-US">Net cash provided by operating activities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xml:lang="en-US">Cash flows from investing activities:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsToAcquireInvestments" xlink:label="us-gaap_PaymentsToAcquireInvestments" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireInvestments" xlink:to="us-gaap_PaymentsToAcquireInvestments_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquireInvestments_lbl" xml:lang="en-US">Investment in related party</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:to="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl" xml:lang="en-US">Purchase of furniture, equipment, and leasehold improvements</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsForSoftware" xlink:label="us-gaap_PaymentsForSoftware" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForSoftware" xlink:to="us-gaap_PaymentsForSoftware_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsForSoftware_lbl" xml:lang="en-US">Purchase of software</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xml:lang="en-US">Net cash used in investing activities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xml:lang="en-US">Net cash provided by financing activities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:to="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_lbl" xml:lang="en-US">Net increase / (decrease) in cash and cash equivalents</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:to="us-gaap_CashAndCashEquivalentsAtCarryingValue_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_2_lbl" xml:lang="en-US">Cash and cash equivalents - beginning of period</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:to="us-gaap_CashAndCashEquivalentsAtCarryingValue_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_3_lbl" xml:lang="en-US">Cash and cash equivalents - end of period</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" xlink:label="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" xlink:to="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_lbl" xml:lang="en-US">Supplemental Schedule Of Non-Cash Financing Activities:</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_PaymentByParentOfExpensesNonCash" xlink:label="SIEB_PaymentByParentOfExpensesNonCash" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_lbl" xml:lang="en-US">Furniture, Equipment and Leasehold Improvements</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdvertisingCostsPolicyTextBlock_lbl" xml:lang="en-US">Advertising Costs</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventsPolicyPolicyTextBlock_lbl" xml:lang="en-US">Evaluation of Subsequent Events</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquityPolicyTextBlock_lbl" xml:lang="en-US">Capital Stock</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerSharePolicyTextBlock_lbl" xml:lang="en-US">Per Share Data</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl" xml:lang="en-US">Recently Issued Accounting Pronouncements</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_RecentlyAdoptedAccountingPronouncementsPolicyTextBlock" xlink:label="SIEB_RecentlyAdoptedAccountingPronouncementsPolicyTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RecentlyAdoptedAccountingPronouncementsPolicyTextBlock" xlink:to="SIEB_RecentlyAdoptedAccountingPronouncementsPolicyTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_RecentlyAdoptedAccountingPronouncementsPolicyTextBlock_lbl" xml:lang="en-US">Recently Adopted Accounting Pronouncements</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock" xlink:label="us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock" />
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      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_ScheduleOfSupplementalBalanceSheetInformationRelatedToLeasesTableTextBlock" xlink:label="SIEB_ScheduleOfSupplementalBalanceSheetInformationRelatedToLeasesTableTextBlock" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_ScheduleOfSupplementalBalanceSheetInformationRelatedToLeasesTableTextBlock_lbl" xml:lang="en-US">Schedule of Supplemental Balance Sheet Information Related to Leases</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock" xlink:label="SIEB_ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizationsAbstract" xlink:label="us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizationsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizationsAbstract" xlink:to="us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizationsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizationsAbstract_lbl" xml:lang="en-US">Receivables from clearing and other brokers</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_DueFromNFS" xlink:label="SIEB_DueFromNFS" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueFromNFS" xlink:to="SIEB_DueFromNFS_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_DueFromNFS_lbl" xml:lang="en-US">NFS</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_DueFromStockcross" xlink:label="SIEB_DueFromStockcross" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueFromStockcross" xlink:to="SIEB_DueFromStockcross_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_DueFromStockcross_lbl" xml:lang="en-US">StockCross</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherReceivablesFromBrokerDealersAndClearingOrganizations" xlink:label="us-gaap_OtherReceivablesFromBrokerDealersAndClearingOrganizations" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherReceivablesFromBrokerDealersAndClearingOrganizations" xlink:to="us-gaap_OtherReceivablesFromBrokerDealersAndClearingOrganizations_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OtherReceivablesFromBrokerDealersAndClearingOrganizations_lbl" xml:lang="en-US">Other receivables</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DueFromCorrespondentBrokers" xlink:label="us-gaap_DueFromCorrespondentBrokers" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DueFromCorrespondentBrokers" xlink:to="us-gaap_DueFromCorrespondentBrokers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DueFromCorrespondentBrokers_lbl" xml:lang="en-US">Citibank</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations" xlink:to="us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations_2_lbl" xml:lang="en-US">Total Receivables from clearing and other brokers</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_ReceivableFromRelatedPartyAbstract" xlink:label="SIEB_ReceivableFromRelatedPartyAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ReceivableFromRelatedPartyAbstract" xlink:to="SIEB_ReceivableFromRelatedPartyAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="SIEB_ReceivableFromRelatedPartyAbstract_lbl" xml:lang="en-US">Receivable from related party</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross" xlink:label="SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross" xlink:to="SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross_lbl" xml:lang="en-US">StockCross</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DueFromRelatedParties" xlink:to="us-gaap_DueFromRelatedParties_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DueFromRelatedParties_2_lbl" xml:lang="en-US">Total Receivable from related party</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PayablesToBrokerDealersAndClearingOrganizationsAbstract" xlink:label="us-gaap_PayablesToBrokerDealersAndClearingOrganizationsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PayablesToBrokerDealersAndClearingOrganizationsAbstract" xlink:to="us-gaap_PayablesToBrokerDealersAndClearingOrganizationsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_PayablesToBrokerDealersAndClearingOrganizationsAbstract_lbl" xml:lang="en-US">Due to clearing brokers and related parties</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_DueToCorrespondentKCA" xlink:label="SIEB_DueToCorrespondentKCA" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueToCorrespondentKCA" xlink:to="SIEB_DueToCorrespondentKCA_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_DueToCorrespondentKCA_lbl" xml:lang="en-US">KCA</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_DueToCorrespondentStockCross" xlink:label="SIEB_DueToCorrespondentStockCross" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueToCorrespondentStockCross" xlink:to="SIEB_DueToCorrespondentStockCross_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="SIEB_DueToCorrespondentStockCross_lbl" xml:lang="en-US">StockCross</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherPayablesToBrokerDealersAndClearingOrganizations" xlink:label="us-gaap_OtherPayablesToBrokerDealersAndClearingOrganizations" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherPayablesToBrokerDealersAndClearingOrganizations" xlink:to="us-gaap_OtherPayablesToBrokerDealersAndClearingOrganizations_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherPayablesToBrokerDealersAndClearingOrganizations_lbl" xml:lang="en-US">MSCO</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_DueToCorrespondentNFS" xlink:label="SIEB_DueToCorrespondentNFS" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueToCorrespondentNFS" xlink:to="SIEB_DueToCorrespondentNFS_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="SIEB_DueToCorrespondentNFS_lbl" xml:lang="en-US">NFS</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DueToRelatedPartiesCurrentAndNoncurrent" xlink:to="us-gaap_DueToRelatedPartiesCurrentAndNoncurrent_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DueToRelatedPartiesCurrentAndNoncurrent_2_lbl" xml:lang="en-US">Total Due to clearing brokers and related parties</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeDisclosureAbstract" xlink:label="us-gaap_LesseeDisclosureAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeDisclosureAbstract" xlink:to="us-gaap_LesseeDisclosureAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeDisclosureAbstract_lbl" xml:lang="en-US">Lessee Disclosure [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesRentExpenseNet" xlink:label="us-gaap_OperatingLeasesRentExpenseNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesRentExpenseNet" xlink:to="us-gaap_OperatingLeasesRentExpenseNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesRentExpenseNet_lbl" xml:lang="en-US">Rent and related operating expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShortTermLeaseCommitmentAmount" xlink:label="us-gaap_ShortTermLeaseCommitmentAmount" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortTermLeaseCommitmentAmount" xlink:to="us-gaap_ShortTermLeaseCommitmentAmount_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortTermLeaseCommitmentAmount_lbl" xml:lang="en-US">Total commitment of lease</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseRenewalTerm" xlink:label="us-gaap_LesseeOperatingLeaseRenewalTerm" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseRenewalTerm" xlink:to="us-gaap_LesseeOperatingLeaseRenewalTerm_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseRenewalTerm_lbl" xml:lang="en-US">Lease renewal term</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsAbstract" xlink:to="us-gaap_AssetsAbstract_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AssetsAbstract_2_lbl" xml:lang="en-US">Assets</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAbstract" xlink:to="us-gaap_LiabilitiesAbstract_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LiabilitiesAbstract_2_lbl" xml:lang="en-US">Liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:label="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:to="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_lbl" xml:lang="en-US">Weighted average remaining lease term - Operating leases (in years)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1" xlink:label="us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1" xlink:to="us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1_lbl" xml:lang="en-US">Weighted average remaining lease term - Finance leases</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:label="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:to="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_lbl" xml:lang="en-US">Weighted average discount rate - Operating leases</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent" xlink:label="us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent" xlink:to="us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent_lbl" xml:lang="en-US">Weighted average discount rate - Finance leases</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseDescriptionAbstract" xlink:label="us-gaap_LesseeOperatingLeaseDescriptionAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseDescriptionAbstract" xlink:to="us-gaap_LesseeOperatingLeaseDescriptionAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseDescriptionAbstract_lbl" xml:lang="en-US">Operating lease</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseCost" xlink:label="us-gaap_OperatingLeaseCost" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseCost" xlink:to="us-gaap_OperatingLeaseCost_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseCost_lbl" xml:lang="en-US">Operating lease cost</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShortTermLeaseCost" xlink:label="us-gaap_ShortTermLeaseCost" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortTermLeaseCost" xlink:to="us-gaap_ShortTermLeaseCost_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortTermLeaseCost_lbl" xml:lang="en-US">Short-term lease cost</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableLeaseCost" xlink:label="us-gaap_VariableLeaseCost" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableLeaseCost" xlink:to="us-gaap_VariableLeaseCost_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_VariableLeaseCost_lbl" xml:lang="en-US">Variable lease cost</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubleaseIncome" xlink:label="us-gaap_SubleaseIncome" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubleaseIncome" xlink:to="us-gaap_SubleaseIncome_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubleaseIncome_lbl" xml:lang="en-US">Sublease income</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LeaseCost" xlink:label="us-gaap_LeaseCost" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseCost" xlink:to="us-gaap_LeaseCost_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LeaseCost_lbl" xml:lang="en-US">Total lease cost</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilitiesAbstract" xlink:label="SIEB_CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilitiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilitiesAbstract" xlink:to="SIEB_CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilitiesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilitiesAbstract_lbl" xml:lang="en-US">Cash paid for amounts included in the measurement of lease liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasePayments" xlink:label="us-gaap_OperatingLeasePayments" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasePayments" xlink:to="us-gaap_OperatingLeasePayments_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasePayments_lbl" xml:lang="en-US">Operating cash flows from operating leases</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesRentExpenseAbstract" xlink:label="us-gaap_OperatingLeasesRentExpenseAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesRentExpenseAbstract" xlink:to="us-gaap_OperatingLeasesRentExpenseAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesRentExpenseAbstract_lbl" xml:lang="en-US">Lease right-of-use assets obtained in exchange for new lease liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:label="us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:to="us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_lbl" xml:lang="en-US">Lease right-of-use assets obtained in exchange for new lease liabilities - operating leases</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_lbl" xml:lang="en-US">2019</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_lbl" xml:lang="en-US">2020</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_lbl" xml:lang="en-US">2021</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_lbl" xml:lang="en-US">2022</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_lbl" xml:lang="en-US">2023</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_lbl" xml:lang="en-US">2024</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_lbl" xml:lang="en-US">Thereafter</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDue_lbl" xml:lang="en-US">Remaining balance of lease payments</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortTermLeaseCommitmentAmount" xlink:to="us-gaap_ShortTermLeaseCommitmentAmount_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ShortTermLeaseCommitmentAmount_2_lbl" xml:lang="en-US">Lease payments related to leases not commenced as of March 31, 2019</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount" xlink:label="us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount" xlink:to="us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount_lbl" xml:lang="en-US">Difference between undiscounted cash flows and discounted cash flows</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_OtherReconcilingItems" xlink:label="SIEB_OtherReconcilingItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_OtherReconcilingItems" xlink:to="SIEB_OtherReconcilingItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_OtherReconcilingItems_lbl" xml:lang="en-US">Other reconciling items</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_PercentageOutstandingSharesInEntity" xlink:label="SIEB_PercentageOutstandingSharesInEntity" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PercentageOutstandingSharesInEntity" xlink:to="SIEB_PercentageOutstandingSharesInEntity_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_PercentageOutstandingSharesInEntity_lbl" xml:lang="en-US">Percentage of outstanding shares purchased by company</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:to="us-gaap_StockIssuedDuringPeriodSharesNewIssues_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_2_lbl" xml:lang="en-US">Shares purchased</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SharesIssuedPricePerShare" xlink:label="us-gaap_SharesIssuedPricePerShare" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharesIssuedPricePerShare" xlink:to="us-gaap_SharesIssuedPricePerShare_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SharesIssuedPricePerShare_lbl" xml:lang="en-US">Per share price</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Revenues" xlink:to="us-gaap_Revenues_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Revenues_2_lbl" xml:lang="en-US">Revenue</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GrossProfit" xlink:label="us-gaap_GrossProfit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GrossProfit" xlink:to="us-gaap_GrossProfit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GrossProfit_lbl" xml:lang="en-US">Gross profit</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LeaseAndRentalExpense" xlink:label="us-gaap_LeaseAndRentalExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseAndRentalExpense" xlink:to="us-gaap_LeaseAndRentalExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LeaseAndRentalExpense_lbl" xml:lang="en-US">Rent expense</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_ReceivableFromLandlord" xlink:label="SIEB_ReceivableFromLandlord" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ReceivableFromLandlord" xlink:to="SIEB_ReceivableFromLandlord_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_ReceivableFromLandlord_lbl" xml:lang="en-US">Receivable from landlord</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_HealthClaimReinsuranceLimitPerEmployee" xlink:label="SIEB_HealthClaimReinsuranceLimitPerEmployee" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_HealthClaimReinsuranceLimitPerEmployee" xlink:to="SIEB_HealthClaimReinsuranceLimitPerEmployee_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_HealthClaimReinsuranceLimitPerEmployee_lbl" xml:lang="en-US">Health claim reinsurance limit per employee</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_ExpenseForSelfInsuranceClaims" xlink:label="SIEB_ExpenseForSelfInsuranceClaims" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ExpenseForSelfInsuranceClaims" xlink:to="SIEB_ExpenseForSelfInsuranceClaims_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_ExpenseForSelfInsuranceClaims_lbl" xml:lang="en-US">Expense for self-insurance claims</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LossContingencyAccrualCarryingValueCurrent" xlink:label="us-gaap_LossContingencyAccrualCarryingValueCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingencyAccrualCarryingValueCurrent" xlink:to="us-gaap_LossContingencyAccrualCarryingValueCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LossContingencyAccrualCarryingValueCurrent_lbl" xml:lang="en-US">Accrual for self-insurance claims</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_TradingExecutionAndClearingServicesAbstract" xlink:label="SIEB_TradingExecutionAndClearingServicesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_TradingExecutionAndClearingServicesAbstract" xlink:to="SIEB_TradingExecutionAndClearingServicesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_TradingExecutionAndClearingServicesAbstract_lbl" xml:lang="en-US">Trading Execution and Clearing Services</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_AdvisoryFeesAndAdditionalIncome" xlink:label="SIEB_AdvisoryFeesAndAdditionalIncome" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_AdvisoryFeesAndAdditionalIncome" xlink:to="SIEB_AdvisoryFeesAndAdditionalIncome_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_AdvisoryFeesAndAdditionalIncome_lbl" xml:lang="en-US">Advisory fees and additional income</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestAndOtherIncomeAbstract" xlink:label="us-gaap_InterestAndOtherIncomeAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestAndOtherIncomeAbstract" xlink:to="us-gaap_InterestAndOtherIncomeAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestAndOtherIncomeAbstract_lbl" xml:lang="en-US">Other Income</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_MarginInterestMarketingAndDistributionFeesAbstract" xlink:label="SIEB_MarginInterestMarketingAndDistributionFeesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_MarginInterestMarketingAndDistributionFeesAbstract" xlink:to="SIEB_MarginInterestMarketingAndDistributionFeesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="SIEB_MarginInterestMarketingAndDistributionFeesAbstract_lbl" xml:lang="en-US">Margin interest, marketing and distribution fees</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_MarginInterestIncome" xlink:label="SIEB_MarginInterestIncome" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_MarginInterestIncome" xlink:to="SIEB_MarginInterestIncome_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_MarginInterestIncome_lbl" xml:lang="en-US">Margin interest</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_TwelveB1FeesRevenue" xlink:label="SIEB_TwelveB1FeesRevenue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_TwelveB1FeesRevenue" xlink:to="SIEB_TwelveB1FeesRevenue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_TwelveB1FeesRevenue_lbl" xml:lang="en-US">12b1 fees</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromMarginInterestMarketingAndDistributionFees" xlink:to="SIEB_RevenueFromMarginInterestMarketingAndDistributionFees_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="SIEB_RevenueFromMarginInterestMarketingAndDistributionFees_2_lbl" xml:lang="en-US">Total Margin interest, marketing and distribution fees</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ProductOrServiceAxis" xlink:to="srt_ProductOrServiceAxis_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="srt_ProductOrServiceAxis_2_lbl" xml:lang="en-US">Product and Service [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_RevenueStreamDescriptionOfGoodOrService" xlink:label="SIEB_RevenueStreamDescriptionOfGoodOrService" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueStreamDescriptionOfGoodOrService" xlink:to="SIEB_RevenueStreamDescriptionOfGoodOrService_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_RevenueStreamDescriptionOfGoodOrService_lbl" xml:lang="en-US">Revenue Stream</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RevenuePerformanceObligationDescriptionOfGoodOrService" xlink:label="us-gaap_RevenuePerformanceObligationDescriptionOfGoodOrService" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenuePerformanceObligationDescriptionOfGoodOrService" xlink:to="us-gaap_RevenuePerformanceObligationDescriptionOfGoodOrService_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RevenuePerformanceObligationDescriptionOfGoodOrService_lbl" xml:lang="en-US">Performance Obligation</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DisaggregationOfRevenueTable" xlink:label="us-gaap_DisaggregationOfRevenueTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisaggregationOfRevenueTable" xlink:to="us-gaap_DisaggregationOfRevenueTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisaggregationOfRevenueTable_lbl" xml:lang="en-US">Disaggregation of Revenue [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DisaggregationOfRevenueLineItems" xlink:label="us-gaap_DisaggregationOfRevenueLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisaggregationOfRevenueLineItems" xlink:to="us-gaap_DisaggregationOfRevenueLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisaggregationOfRevenueLineItems_lbl" xml:lang="en-US">Disaggregation of Revenue [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PrincipalTransactionsRevenue" xlink:to="us-gaap_PrincipalTransactionsRevenue_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_PrincipalTransactionsRevenue_2_lbl" xml:lang="en-US">Total revenue from Principal transactions</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromCommissionsAndFees" xlink:to="SIEB_RevenueFromCommissionsAndFees_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="SIEB_RevenueFromCommissionsAndFees_2_lbl" xml:lang="en-US">Total revenue from Commissions and fees</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromMarginInterestMarketingAndDistributionFees" xlink:to="SIEB_RevenueFromMarginInterestMarketingAndDistributionFees_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="SIEB_RevenueFromMarginInterestMarketingAndDistributionFees_3_lbl" xml:lang="en-US">Total revenue from Margin interest, marketing and distribution fees</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_AdvisoryFeesRevenue" xlink:to="SIEB_AdvisoryFeesRevenue_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="SIEB_AdvisoryFeesRevenue_2_lbl" xml:lang="en-US">Total revenue from Advisory fees</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestAndDividendIncomeOperating" xlink:to="us-gaap_InterestAndDividendIncomeOperating_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_InterestAndDividendIncomeOperating_2_lbl" xml:lang="en-US">Total revenue from Interest</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Revenues" xlink:to="us-gaap_Revenues_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_Revenues_3_lbl" xml:lang="en-US">Total revenue</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_EstimatedEffectiveIncomeTaxRate" xlink:label="SIEB_EstimatedEffectiveIncomeTaxRate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_EstimatedEffectiveIncomeTaxRate" xlink:to="SIEB_EstimatedEffectiveIncomeTaxRate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_EstimatedEffectiveIncomeTaxRate_lbl" xml:lang="en-US">Estimated effective tax rate due to the reversal of the valuation allowance for the deferred tax asset</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:label="us-gaap_EffectiveIncomeTaxRateContinuingOperations" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:to="us-gaap_EffectiveIncomeTaxRateContinuingOperations_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EffectiveIncomeTaxRateContinuingOperations_lbl" xml:lang="en-US">Effective tax rate from continuing operations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" xlink:to="us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_lbl" xml:lang="en-US">Applicable federal income tax rate</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLossCarryforwards" xlink:label="us-gaap_OperatingLossCarryforwards" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLossCarryforwards" xlink:to="us-gaap_OperatingLossCarryforwards_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLossCarryforwards_lbl" xml:lang="en-US">Net operating loss carryforward</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_NetOperatingLossCarryforwardAnnualLimitation" xlink:label="SIEB_NetOperatingLossCarryforwardAnnualLimitation" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_NetOperatingLossCarryforwardAnnualLimitation" xlink:to="SIEB_NetOperatingLossCarryforwardAnnualLimitation_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_NetOperatingLossCarryforwardAnnualLimitation_lbl" xml:lang="en-US">Net operating loss carryforward, annual limitation</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes" xlink:to="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes_2_lbl" xml:lang="en-US">Changes in deferred tax asset</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredTaxAssetsGross" xlink:label="us-gaap_DeferredTaxAssetsGross" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsGross" xlink:to="us-gaap_DeferredTaxAssetsGross_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsGross_lbl" xml:lang="en-US">Deferred tax asset</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredTaxAssetsValuationAllowance" xlink:label="us-gaap_DeferredTaxAssetsValuationAllowance" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsValuationAllowance" xlink:to="us-gaap_DeferredTaxAssetsValuationAllowance_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsValuationAllowance_lbl" xml:lang="en-US">Valuation allowance</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance" xlink:label="us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance" xlink:to="us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance_lbl" xml:lang="en-US">Reversal of valuation allowance</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CurrentFederalStateAndLocalTaxExpenseBenefitAbstract" xlink:label="us-gaap_CurrentFederalStateAndLocalTaxExpenseBenefitAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrentFederalStateAndLocalTaxExpenseBenefitAbstract" xlink:to="us-gaap_CurrentFederalStateAndLocalTaxExpenseBenefitAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CurrentFederalStateAndLocalTaxExpenseBenefitAbstract_lbl" xml:lang="en-US">Current income tax expense</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CurrentFederalTaxExpenseBenefit" xlink:label="us-gaap_CurrentFederalTaxExpenseBenefit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrentFederalTaxExpenseBenefit" xlink:to="us-gaap_CurrentFederalTaxExpenseBenefit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CurrentFederalTaxExpenseBenefit_lbl" xml:lang="en-US">Federal</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CurrentStateAndLocalTaxExpenseBenefit" xlink:label="us-gaap_CurrentStateAndLocalTaxExpenseBenefit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrentStateAndLocalTaxExpenseBenefit" xlink:to="us-gaap_CurrentStateAndLocalTaxExpenseBenefit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CurrentStateAndLocalTaxExpenseBenefit_lbl" xml:lang="en-US">State</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CurrentFederalStateAndLocalTaxExpenseBenefit" xlink:label="us-gaap_CurrentFederalStateAndLocalTaxExpenseBenefit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrentFederalStateAndLocalTaxExpenseBenefit" xlink:to="us-gaap_CurrentFederalStateAndLocalTaxExpenseBenefit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_CurrentFederalStateAndLocalTaxExpenseBenefit_lbl" xml:lang="en-US">Current income tax expense</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefitAbstract" xlink:label="us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefitAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefitAbstract" xlink:to="us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefitAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefitAbstract_lbl" xml:lang="en-US">Deferred income tax</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredFederalIncomeTaxExpenseBenefit" xlink:label="us-gaap_DeferredFederalIncomeTaxExpenseBenefit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFederalIncomeTaxExpenseBenefit" xlink:to="us-gaap_DeferredFederalIncomeTaxExpenseBenefit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DeferredFederalIncomeTaxExpenseBenefit_lbl" xml:lang="en-US">Federal</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit" xlink:label="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit" xlink:to="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit_lbl" xml:lang="en-US">State</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefit" xlink:label="us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefit" xlink:to="us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefit_lbl" xml:lang="en-US">Deferred income tax</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxExpenseBenefit" xlink:to="us-gaap_IncomeTaxExpenseBenefit_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncomeTaxExpenseBenefit_2_lbl" xml:lang="en-US">Total provision for income tax</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="us-gaap_NetIncomeLoss_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_NetIncomeLoss_3_lbl" xml:lang="en-US">Net income (loss)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:to="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_lbl" xml:lang="en-US">Schedule of Related Party Transactions, by Related Party [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RelatedPartyTransactionLineItems" xlink:label="us-gaap_RelatedPartyTransactionLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionLineItems" xlink:to="us-gaap_RelatedPartyTransactionLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionLineItems_lbl" xml:lang="en-US">Related Party Transaction [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueFromStockcross" xlink:to="SIEB_DueFromStockcross_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="SIEB_DueFromStockcross_2_lbl" xml:lang="en-US">Due from Stockcross to MSCO</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RevenueFromRelatedParties" xlink:label="us-gaap_RevenueFromRelatedParties" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenueFromRelatedParties" xlink:to="us-gaap_RevenueFromRelatedParties_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RevenueFromRelatedParties_lbl" xml:lang="en-US">Related party revenues</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RelatedPartyCosts" xlink:label="us-gaap_RelatedPartyCosts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyCosts" xlink:to="us-gaap_RelatedPartyCosts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyCosts_lbl" xml:lang="en-US">Related party expenses</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross" xlink:to="SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross_2_lbl" xml:lang="en-US">Receivable from StockCross</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_PayableToStockCross" xlink:label="SIEB_PayableToStockCross" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PayableToStockCross" xlink:to="SIEB_PayableToStockCross_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_PayableToStockCross_lbl" xml:lang="en-US">Payable to StockCross</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_AdvisoryFeesRevenue" xlink:to="SIEB_AdvisoryFeesRevenue_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_AdvisoryFeesRevenue_doc" xml:lang="en-US">Advisory fees revenue.</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_AssetsAcquiredFromStockCrossMember" xlink:label="SIEB_AssetsAcquiredFromStockCrossMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_AssetsAcquiredFromStockCrossMember" xlink:to="SIEB_AssetsAcquiredFromStockCrossMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_AssetsAcquiredFromStockCrossMember_doc" xml:lang="en-US">Assets acquired from StockCross [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_CommissionsAndFeesMember" xlink:to="SIEB_CommissionsAndFeesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_CommissionsAndFeesMember_doc" xml:lang="en-US">Commissions and fees [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueFromStockcross" xlink:to="SIEB_DueFromStockcross_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_DueFromStockcross_doc" xml:lang="en-US">Due from StockCross.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_EstimatedEffectiveIncomeTaxRate" xlink:to="SIEB_EstimatedEffectiveIncomeTaxRate_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_EstimatedEffectiveIncomeTaxRate_doc" xml:lang="en-US">Estimated effective tax rate due to the reversal of the valuation allowance for the deferred tax asset.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_KennedyCabotAcquisitionMember" xlink:to="SIEB_KennedyCabotAcquisitionMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_KennedyCabotAcquisitionMember_doc" xml:lang="en-US">Kennedy Cabot Acquisition [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_MarginInterestMarketingAndDistributionFeesMember" xlink:to="SIEB_MarginInterestMarketingAndDistributionFeesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_MarginInterestMarketingAndDistributionFeesMember_doc" xml:lang="en-US">Margin interest, marketing and distribution fees [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_NetOperatingLossCarryforwardAnnualLimitation" xlink:to="SIEB_NetOperatingLossCarryforwardAnnualLimitation_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_NetOperatingLossCarryforwardAnnualLimitation_doc" xml:lang="en-US">Annual limitation on net operating loss carryforwards due to IRS rules.</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_NetOperatingLossCarryforwardMember" xlink:label="SIEB_NetOperatingLossCarryforwardMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_NetOperatingLossCarryforwardMember" xlink:to="SIEB_NetOperatingLossCarryforwardMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_NetOperatingLossCarryforwardMember_doc" xml:lang="en-US">Net Operating Loss Carryforward [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_NonStockCrossMember" xlink:label="SIEB_NonStockCrossMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_NonStockCrossMember" xlink:to="SIEB_NonStockCrossMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_NonStockCrossMember_doc" xml:lang="en-US">Non StockCross [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PaymentByParentOfExpensesNonCash" xlink:to="SIEB_PaymentByParentOfExpensesNonCash_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_PaymentByParentOfExpensesNonCash_doc" xml:lang="en-US">Payment by related party of expenses.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PrincipalTransactionsMember" xlink:to="SIEB_PrincipalTransactionsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_PrincipalTransactionsMember_doc" xml:lang="en-US">Commissions and fees [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromCommissionsAndFees" xlink:to="SIEB_RevenueFromCommissionsAndFees_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_RevenueFromCommissionsAndFees_doc" xml:lang="en-US">Revenue from commissions and fees.</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_RussellUSIndexesMember" xlink:label="SIEB_RussellUSIndexesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RussellUSIndexesMember" xlink:to="SIEB_RussellUSIndexesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_RussellUSIndexesMember_doc" xml:lang="en-US">Russell US Indexes [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_StockCrossMember" xlink:to="SIEB_StockCrossMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_StockCrossMember_doc" xml:lang="en-US">StockCross [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RecentlyAdoptedAccountingPronouncementsPolicyTextBlock" xlink:to="SIEB_RecentlyAdoptedAccountingPronouncementsPolicyTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_RecentlyAdoptedAccountingPronouncementsPolicyTextBlock_doc" xml:lang="en-US">Disclosure of accounting policy pertaining to recently adopted accounting pronouncements.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ReceivableFromLessors" xlink:to="SIEB_ReceivableFromLessors_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ReceivableFromLessors_doc" xml:lang="en-US">Amount due from lessor for fees and charges.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_InitialRecognitionOfLeaseRightofuseAssets" xlink:to="SIEB_InitialRecognitionOfLeaseRightofuseAssets_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_InitialRecognitionOfLeaseRightofuseAssets_doc" xml:lang="en-US">Initial recognition of lease right-of-use assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_InitialRecognitionOfLeaseLiabilities" xlink:to="SIEB_InitialRecognitionOfLeaseLiabilities_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_InitialRecognitionOfLeaseLiabilities_doc" xml:lang="en-US">Initial recognition of lease liabilities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RetainedEarningsAccumulatedDeficitMember" xlink:to="SIEB_RetainedEarningsAccumulatedDeficitMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_RetainedEarningsAccumulatedDeficitMember_doc" xml:lang="en-US">Retained Earnings / (Accumulated Deficit) [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_CapitalContribution" xlink:to="SIEB_CapitalContribution_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_CapitalContribution_doc" xml:lang="en-US">Capital Contribution.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_MSCOMember" xlink:to="SIEB_MSCOMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_MSCOMember_doc" xml:lang="en-US">MSCO [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_NetCapitalInExcessOfMinimumRequirement" xlink:to="SIEB_NetCapitalInExcessOfMinimumRequirement_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_NetCapitalInExcessOfMinimumRequirement_doc" xml:lang="en-US">Net capital in excess of minimum requirement.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueFromNFS" xlink:to="SIEB_DueFromNFS_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_DueFromNFS_doc" xml:lang="en-US">Amount receivable from NFS.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross" xlink:to="SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross_doc" xml:lang="en-US">Amount receivable from stockcross broker-dealers and clearing organizations, including, but not limited to, securities failed-to-deliver, certain deposits for securities borrowed, open transactions, good faith and margin deposits, commissions and floor brokerage receivables.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueToCorrespondentNFS" xlink:to="SIEB_DueToCorrespondentNFS_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_DueToCorrespondentNFS_doc" xml:lang="en-US">Amount payable to correspondent NFS.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueToCorrespondentStockCross" xlink:to="SIEB_DueToCorrespondentStockCross_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_DueToCorrespondentStockCross_doc" xml:lang="en-US">Amount payable to correspondent stockcross.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueToCorrespondentKCA" xlink:to="SIEB_DueToCorrespondentKCA_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_DueToCorrespondentKCA_doc" xml:lang="en-US">Amount payable to correspondent KCA.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ScheduleOfSupplementalBalanceSheetInformationRelatedToLeasesTableTextBlock" xlink:to="SIEB_ScheduleOfSupplementalBalanceSheetInformationRelatedToLeasesTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ScheduleOfSupplementalBalanceSheetInformationRelatedToLeasesTableTextBlock_doc" xml:lang="en-US">Tabular disclosure of supplemental balance sheet information related to leases.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock" xlink:to="SIEB_ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock_doc" xml:lang="en-US">Tabular disclosure of additional information related to leases.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_OtherReconcilingItems" xlink:to="SIEB_OtherReconcilingItems_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_OtherReconcilingItems_doc" xml:lang="en-US">Other reconciling items.</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_LesseeLeaseTypeAxis" xlink:label="SIEB_LesseeLeaseTypeAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_LesseeLeaseTypeAxis" xlink:to="SIEB_LesseeLeaseTypeAxis_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_LesseeLeaseTypeAxis_doc" xml:lang="en-US">Lessee Lease Type [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190331.xsd#SIEB_SaltLakeCityUtahMember" xlink:label="SIEB_SaltLakeCityUtahMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_SaltLakeCityUtahMember" xlink:to="SIEB_SaltLakeCityUtahMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_SaltLakeCityUtahMember_doc" xml:lang="en-US">Salt Lake City, Utah [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ScheduleOfSupplementalOperationsInformationTableTextBlock" xlink:to="SIEB_ScheduleOfSupplementalOperationsInformationTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ScheduleOfSupplementalOperationsInformationTableTextBlock_doc" xml:lang="en-US">Supplemental operations information.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PercentageOutstandingSharesInEntity" xlink:to="SIEB_PercentageOutstandingSharesInEntity_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_PercentageOutstandingSharesInEntity_doc" xml:lang="en-US">Percentage of outstanding shares purchased by company.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ReceivableFromLandlord" xlink:to="SIEB_ReceivableFromLandlord_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ReceivableFromLandlord_doc" xml:lang="en-US">Receivable from landlord.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_HealthClaimReinsuranceLimitPerEmployee" xlink:to="SIEB_HealthClaimReinsuranceLimitPerEmployee_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_HealthClaimReinsuranceLimitPerEmployee_doc" xml:lang="en-US">Health claim reinsurance limit per employee.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ExpenseForSelfInsuranceClaims" xlink:to="SIEB_ExpenseForSelfInsuranceClaims_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ExpenseForSelfInsuranceClaims_doc" xml:lang="en-US">Expense for self-insurance claims.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_AdvisoryFeesAndAdditionalIncome" xlink:to="SIEB_AdvisoryFeesAndAdditionalIncome_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_AdvisoryFeesAndAdditionalIncome_doc" xml:lang="en-US">Advisory fees and additional income.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueStreamDescriptionOfGoodOrService" xlink:to="SIEB_RevenueStreamDescriptionOfGoodOrService_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_RevenueStreamDescriptionOfGoodOrService_doc" xml:lang="en-US">Description of good or service to be transferred in contract with customer. Includes, but is not limited to, arrangement for another party to transfer good or service to customer.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ProductOrServiceMember" xlink:to="SIEB_ProductOrServiceMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ProductOrServiceMember_doc" xml:lang="en-US">One [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ProductOrServiceOneMember" xlink:to="SIEB_ProductOrServiceOneMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ProductOrServiceOneMember_doc" xml:lang="en-US">Two [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_StockCrossAccountsMember" xlink:to="SIEB_StockCrossAccountsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_StockCrossAccountsMember_doc" xml:lang="en-US">StockCross accounts [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_LegacySiebertMember" xlink:to="SIEB_LegacySiebertMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_LegacySiebertMember_doc" xml:lang="en-US">Legacy Siebert [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ScheduleOfPerformanceObligationTableTextBlock" xlink:to="SIEB_ScheduleOfPerformanceObligationTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ScheduleOfPerformanceObligationTableTextBlock_doc" xml:lang="en-US">Tabular disclosure of performance obligation.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PWCMember" xlink:to="SIEB_PWCMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_PWCMember_doc" xml:lang="en-US">PWC [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromMarginInterestMarketingAndDistributionFees" xlink:to="SIEB_RevenueFromMarginInterestMarketingAndDistributionFees_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_RevenueFromMarginInterestMarketingAndDistributionFees_doc" xml:lang="en-US">Revenue from margin interest, marketing and distribution fees.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_MarginInterestIncome" xlink:to="SIEB_MarginInterestIncome_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_MarginInterestIncome_doc" xml:lang="en-US">Margin interest income.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_TwelveB1FeesRevenue" xlink:to="SIEB_TwelveB1FeesRevenue_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_TwelveB1FeesRevenue_doc" xml:lang="en-US">Revenue from 12b1 fees.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PayableToStockCross" xlink:to="SIEB_PayableToStockCross_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_PayableToStockCross_doc" xml:lang="en-US">Payable to StockCross</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="us-gaap_Liabilities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Liabilities_2_lbl" xml:lang="en-US">Liabilities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_4_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquity_4_lbl" xml:lang="en-US">Stockholders' Equity Attributable to Parent</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_LiabilitiesAndStockholdersEquity_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_2_lbl" xml:lang="en-US">Liabilities and Equity</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpenses" xlink:to="us-gaap_OperatingExpenses_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingExpenses_2_lbl" xml:lang="en-US">Operating Expenses</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProfitLoss" xlink:to="us-gaap_ProfitLoss_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProfitLoss_2_lbl" xml:lang="en-US">Net Income (Loss), Including Portion Attributable to Noncontrolling Interest</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:to="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_2_lbl" xml:lang="en-US">Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockOtherSharesOutstanding" xlink:to="us-gaap_CommonStockOtherSharesOutstanding_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockOtherSharesOutstanding_3_lbl" xml:lang="en-US">Common Stock, Other Shares, Outstanding</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes" xlink:to="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes_3_lbl" xml:lang="en-US">Increase (Decrease) in Deferred Income Taxes</link:label>
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<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>9
<FILENAME>sieb-20190331_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalYearFocus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gYearItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCommonStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCommonStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFilerCategory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated), (5) Smaller Reporting Accelerated Filer or (6) Smaller Reporting Company and Large Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFilerCategory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:filerCategoryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntitySmallBusiness">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicates that the company is a smaller reporting company with both a public float and revenues of less than $75 million.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntitySmallBusiness</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>11
<FILENAME>R2.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6841331536">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)<br></strong></div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsAbstract', window );"><strong>ASSETS</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
<td class="nump">$ 3,767,000<span></span>
</td>
<td class="nump">$ 7,229,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations', window );">Receivables from clearing and other brokers</a></td>
<td class="nump">2,275,000<span></span>
</td>
<td class="nump">2,030,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueFromRelatedParties', window );">Receivable from related party</a></td>
<td class="nump">1,000,000<span></span>
</td>
<td class="nump">1,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_ReceivableFromLessors', window );">Receivable from lessors</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">171,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherReceivables', window );">Other receivables</a></td>
<td class="nump">96,000<span></span>
</td>
<td class="nump">96,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrepaidExpenseAndOtherAssets', window );">Prepaid expenses and other assets</a></td>
<td class="nump">568,000<span></span>
</td>
<td class="nump">470,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">Furniture, equipment and leasehold improvements, net</a></td>
<td class="nump">992,000<span></span>
</td>
<td class="nump">468,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IntangibleAssetsNetExcludingGoodwill', window );">Software, net</a></td>
<td class="nump">1,404,000<span></span>
</td>
<td class="nump">1,137,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseRightOfUseAsset', window );">Lease right-of-use assets</a></td>
<td class="nump">2,257,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures', window );">Investment in related party</a></td>
<td class="nump">3,704,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent', window );">Deferred tax assets</a></td>
<td class="nump">5,486,000<span></span>
</td>
<td class="nump">5,576,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total assets</a></td>
<td class="nump">21,549,000<span></span>
</td>
<td class="nump">18,177,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAbstract', window );"><strong>Liabilities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent', window );">Accounts payable and accrued liabilities</a></td>
<td class="nump">579,000<span></span>
</td>
<td class="nump">699,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueToRelatedPartiesCurrentAndNoncurrent', window );">Due to clearing brokers and related parties</a></td>
<td class="nump">64,000<span></span>
</td>
<td class="nump">133,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TaxesPayableCurrentAndNoncurrent', window );">Income tax payable</a></td>
<td class="nump">196,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeaseIncentivePayableCurrentAndNoncurrent', window );">Lease incentive obligation</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">171,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseLiability', window );">Lease liabilities</a></td>
<td class="nump">2,530,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Total liabilities</a></td>
<td class="nump">3,369,000<span></span>
</td>
<td class="nump">1,003,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingencies', window );">Commitments and Contingencies</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityAbstract', window );"><strong>Stockholders' equity:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockValue', window );">Common stock, $.01 par value; 49,000,000 shares authorized, 27,157,188 shares issued and outstanding as of March 31, 2019 and December 31, 2018</a></td>
<td class="nump">271,000<span></span>
</td>
<td class="nump">271,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdditionalPaidInCapitalCommonStock', window );">Additional paid-in capital</a></td>
<td class="nump">7,641,000<span></span>
</td>
<td class="nump">7,641,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsAccumulatedDeficit', window );">Retained earnings</a></td>
<td class="nump">10,268,000<span></span>
</td>
<td class="nump">9,262,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Total stockholders' equity</a></td>
<td class="nump">18,180,000<span></span>
</td>
<td class="nump">17,174,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAndStockholdersEquity', window );">Total liabilities and stockholders' equity</a></td>
<td class="nump">$ 21,549,000<span></span>
</td>
<td class="nump">$ 18,177,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_ReceivableFromLessors">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount due from lessor for fees and charges.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_ReceivableFromLessors</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.15)<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.15(1),(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdditionalPaidInCapitalCommonStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30)(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdditionalPaidInCapitalCommonStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3044-108585<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118951113&amp;loc=d3e6676-107765<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingencies">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.25)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.(a),19)<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.17)<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=118942415&amp;loc=d3e14326-108349<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommitmentsAndContingencies</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, with jurisdictional netting and classified as noncurrent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=116821951&amp;loc=d3e31917-109318<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32537-109319<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=116821951&amp;loc=d3e31931-109318<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DueFromRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>For an unclassified balance sheet, amounts due from related parties including affiliates, employees, joint ventures, officers and stockholders, immediate families thereof, and pension funds.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.10(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(k)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.3)<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DueFromRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DueToRelatedPartiesCurrentAndNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of obligations due all related parties.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(k)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.17)<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.15(3),(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DueToRelatedPartiesCurrentAndNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IntangibleAssetsNetExcludingGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph ((a)(1),(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6388964&amp;loc=d3e16212-109274<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IntangibleAssetsNetExcludingGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in equity method investee and investment in and advance to affiliate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.12)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeaseIncentivePayableCurrentAndNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents an incentive or inducement contractually stipulated between parties to a lease whereby the lessor has committed to provide the entity (lessee) with a cash payment as inducement to enter the lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.15(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.15(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeaseIncentivePayableCurrentAndNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Liabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19-26)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Liabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAndStockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(25))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(32))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesAndStockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Present value of lessee's discounted obligation for lease payments from operating lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888419&amp;loc=SL77918627-209977<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseLiability</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseRightOfUseAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's right to use underlying asset under operating lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888419&amp;loc=SL77918627-209977<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseRightOfUseAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount due from parties in nontrade transactions, classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.8)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrepaidExpenseAndOtherAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PrepaidExpenseAndOtherAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(14))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(8))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount receivable from broker-dealers and clearing organizations, including, but not limited to, securities failed-to-deliver, certain deposits for securities borrowed, open transactions, good faith and margin deposits, commissions and floor brokerage receivables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=118952595&amp;loc=d3e4428-111522<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=35710130&amp;loc=d3e41645-110958<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RetainedEarningsAccumulatedDeficit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cumulative amount of the reporting entity's undistributed earnings or deficit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30)(a)(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(23)(a)(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RetainedEarningsAccumulatedDeficit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SAB Topic 4.E)<br> -URI http://asc.fasb.org/extlink&amp;oid=27010918&amp;loc=d3e74512-122707<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(31))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TaxesPayableCurrentAndNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of obligations incurred and payable for statutory income, sales, use, payroll, excise, real, property and other taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(15)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(15))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TaxesPayableCurrentAndNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6836407072">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - $ / shares<br></strong></div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityAbstract', window );"><strong>Stockholder's equity:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockParOrStatedValuePerShare', window );">Common stock, par value</a></td>
<td class="nump">$ 0.01<span></span>
</td>
<td class="nump">$ 0.01<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesAuthorized', window );">Common stock, authorized shares</a></td>
<td class="nump">49,000,000<span></span>
</td>
<td class="nump">49,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesIssued', window );">Common stock, issued shares</a></td>
<td class="nump">27,157,188<span></span>
</td>
<td class="nump">27,157,188<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesOutstanding', window );">Common stock, outstanding shares</a></td>
<td class="nump">27,157,188<span></span>
</td>
<td class="nump">27,157,188<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockParOrStatedValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face amount or stated value per share of common stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockParOrStatedValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesAuthorized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum number of common shares permitted to be issued by an entity's charter and bylaws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesAuthorized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=109259400&amp;loc=d3e21463-112644<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6841078288">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2019</div></th>
<th class="th"><div>Mar. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenuesAbstract', window );"><strong>Revenue:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromMarginInterestMarketingAndDistributionFees', window );">Margin interest, marketing and distribution fees</a></td>
<td class="nump">$ 2,772,000<span></span>
</td>
<td class="nump">$ 2,535,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromCommissionsAndFees', window );">Commissions and fees</a></td>
<td class="nump">1,864,000<span></span>
</td>
<td class="nump">2,674,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrincipalTransactionsRevenue', window );">Principal transactions</a></td>
<td class="nump">1,610,000<span></span>
</td>
<td class="nump">2,941,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_AdvisoryFeesRevenue', window );">Advisory fees</a></td>
<td class="nump">168,000<span></span>
</td>
<td class="nump">16,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndDividendIncomeOperating', window );">Interest</a></td>
<td class="nump">15,000<span></span>
</td>
<td class="nump">11,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Total revenue</a></td>
<td class="nump">6,429,000<span></span>
</td>
<td class="nump">8,177,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpensesAbstract', window );"><strong>Expenses:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LaborAndRelatedExpense', window );">Employee compensation and benefits</a></td>
<td class="nump">2,835,000<span></span>
</td>
<td class="nump">3,662,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FloorBrokerageExchangeAndClearanceFees', window );">Clearing fees, including execution costs</a></td>
<td class="nump">654,000<span></span>
</td>
<td class="nump">902,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfessionalFees', window );">Professional fees</a></td>
<td class="nump">502,000<span></span>
</td>
<td class="nump">608,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherGeneralAndAdministrativeExpense', window );">Other general and administrative</a></td>
<td class="nump">385,000<span></span>
</td>
<td class="nump">386,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommunicationsAndInformationTechnology', window );">Technology and communications</a></td>
<td class="nump">247,000<span></span>
</td>
<td class="nump">234,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OccupancyNet', window );">Rent and occupancy</a></td>
<td class="nump">295,000<span></span>
</td>
<td class="nump">242,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DepreciationAndAmortization', window );">Depreciation and amortization</a></td>
<td class="nump">175,000<span></span>
</td>
<td class="nump">24,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketingAndAdvertisingExpense', window );">Advertising and promotion</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">13,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpenses', window );">Total Expenses</a></td>
<td class="nump">5,093,000<span></span>
</td>
<td class="nump">6,071,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Income before provision for income tax and before earnings of equity method investment</a></td>
<td class="nump">1,336,000<span></span>
</td>
<td class="nump">2,106,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Provision for income tax</a></td>
<td class="nump">369,000<span></span>
</td>
<td class="nump">413,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest', window );">Income before earnings of equity method investment</a></td>
<td class="nump">967,000<span></span>
</td>
<td class="nump">1,693,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromEquityMethodInvestments', window );">Earnings of equity method investment</a></td>
<td class="nump">39,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Income</a></td>
<td class="nump">$ 1,006,000<span></span>
</td>
<td class="nump">$ 1,693,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasicAndDiluted', window );">Net income per share of common stock - Basic and diluted</a></td>
<td class="nump">$ 0.04<span></span>
</td>
<td class="nump">$ 0.06<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted', window );">Weighted average shares outstanding - Basic and diluted</a></td>
<td class="nump">27,157,188<span></span>
</td>
<td class="nump">27,157,188<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_AdvisoryFeesRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Advisory fees revenue.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_AdvisoryFeesRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_RevenueFromCommissionsAndFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Revenue from commissions and fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_RevenueFromCommissionsAndFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_RevenueFromMarginInterestMarketingAndDistributionFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Revenue from margin interest, marketing and distribution fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_RevenueFromMarginInterestMarketingAndDistributionFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommunicationsAndInformationTechnology">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense in the period for communications and data processing expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommunicationsAndInformationTechnology</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DepreciationAndAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DepreciationAndAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasicAndDiluted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements.  Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period.  Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=117326831&amp;loc=d3e1337-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareBasicAndDiluted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FloorBrokerageExchangeAndClearanceFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense during the period for floor brokerage fees paid to other broker-dealers to execute trades on their behalf, stock exchange fees, order flow fees, and clearance fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FloorBrokerageExchangeAndClearanceFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=108774443&amp;loc=SL4569616-111683<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromEquityMethodInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of income (loss) for proportionate share of equity method investee's income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(13)(f))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (g)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=109237563&amp;loc=d3e33749-111570<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromEquityMethodInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (h)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 20<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109238882&amp;loc=d3e38679-109324<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestAndDividendIncomeOperating">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.1-5)<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestAndDividendIncomeOperating</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LaborAndRelatedExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(b)(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LaborAndRelatedExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MarketingAndAdvertisingExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total expense recognized in the period for promotion, public relations, and brand or product advertising.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MarketingAndAdvertisingExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669619-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669625-108580<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OccupancyNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.14(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.6)<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=84164817&amp;loc=d3e45280-112737<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OccupancyNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingExpenses</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingExpensesAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of general and administrative expense classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherGeneralAndAdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Balance Type:</strong></td>
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</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrincipalTransactionsRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of realized and unrealized gain (loss) resulting from the difference between acquisition price and selling price or fair value of trading assets and trading liabilities, and from the firm's direct investment activity, conducted separately from customer trading activities, including, but not limited to, investments in private equity, alternative investment products, real estate, and exchanges and memberships.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -SubTopic 320<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=35711157&amp;loc=d3e42567-110969<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PrincipalTransactionsRevenue</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfessionalFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 946<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-07.2(a),(b),(c),(d))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637345&amp;loc=SL114874292-224272<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 946<br> -SubTopic 220<br> -Section 45<br> -Paragraph 3<br> -Subparagraph (k)<br> -URI http://asc.fasb.org/extlink&amp;oid=118262090&amp;loc=SL114874205-224268<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfessionalFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669619-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=109239629&amp;loc=SL4573702-111684<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669625-108580<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=109239629&amp;loc=SL4573702-111684<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 6: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -URI http://asc.fasb.org/extlink&amp;oid=116874947&amp;loc=SL4591551-111686<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3000-108585<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=108774443&amp;loc=SL4569616-111683<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8933-108599<br><br>Reference 10: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=116874947&amp;loc=SL4591552-111686<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Revenues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8933-108599<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Revenues</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RevenuesAbstract</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td>xbrli:sharesItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6848941728">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)<br></strong></div></th>
<th class="th"><div>Number of Shares $.01 Par Value [Member]</div></th>
<th class="th"><div>Additional Paid-In Capital [Member]</div></th>
<th class="th"><div>Retained Earnings / (Accumulated Deficit) [Member]</div></th>
<th class="th"><div>Total</div></th>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Beginning balance at Dec. 31, 2017</a></td>
<td class="nump">$ 271,000<span></span>
</td>
<td class="nump">$ 7,641,000<span></span>
</td>
<td class="num">$ (2,700,000)<span></span>
</td>
<td class="nump">$ 5,212,000<span></span>
</td>
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<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockOtherSharesOutstanding', window );">Beginning balance, shares at Dec. 31, 2017</a></td>
<td class="nump">27,157,188<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">1,693,000<span></span>
</td>
<td class="nump">1,693,000<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Ending balance at Mar. 31, 2018</a></td>
<td class="nump">$ 271,000<span></span>
</td>
<td class="nump">7,641,000<span></span>
</td>
<td class="num">(1,007,000)<span></span>
</td>
<td class="nump">6,905,000<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockOtherSharesOutstanding', window );">Ending balance, shares at Mar. 31, 2018</a></td>
<td class="nump">27,157,188<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Beginning balance at Dec. 31, 2018</a></td>
<td class="nump">$ 271,000<span></span>
</td>
<td class="nump">7,641,000<span></span>
</td>
<td class="nump">9,262,000<span></span>
</td>
<td class="nump">17,174,000<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockOtherSharesOutstanding', window );">Beginning balance, shares at Dec. 31, 2018</a></td>
<td class="nump">27,157,188<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">1,006,000<span></span>
</td>
<td class="nump">1,006,000<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Ending balance at Mar. 31, 2019</a></td>
<td class="nump">$ 271,000<span></span>
</td>
<td class="nump">$ 7,641,000<span></span>
</td>
<td class="nump">$ 10,268,000<span></span>
</td>
<td class="nump">$ 18,180,000<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockOtherSharesOutstanding', window );">Ending balance, shares at Mar. 31, 2019</a></td>
<td class="nump">27,157,188<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockOtherSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total number of shares of other common stock instruments held by shareholders, such as exchangeable shares. May be all or portion of the number of common shares authorized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockOtherSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669619-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669625-108580<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SAB Topic 4.E)<br> -URI http://asc.fasb.org/extlink&amp;oid=27010918&amp;loc=d3e74512-122707<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(31))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6850017664">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2019</div></th>
<th class="th"><div>Mar. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Cash flows from operating activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income</a></td>
<td class="nump">$ 1,006,000<span></span>
</td>
<td class="nump">$ 1,693,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Adjustments to reconcile net income to net cash provided by/(used in) operating activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInDeferredIncomeTaxes', window );">Deferred tax expense</a></td>
<td class="nump">90,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DepreciationAndAmortization', window );">Depreciation and amortization</a></td>
<td class="nump">175,000<span></span>
</td>
<td class="nump">24,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromEquityMethodInvestments', window );">Earnings of equity method investment</a></td>
<td class="num">(39,000)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract', window );"><strong>Changes in:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInSecuritiesBorrowed', window );">Securities owned, at fair value</a></td>
<td class="text"> <span></span>
</td>
<td class="num">(346,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInBrokerageReceivables', window );">Receivables from clearing and other brokers</a></td>
<td class="num">(245,000)<span></span>
</td>
<td class="num">(1,146,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInDueFromRelatedParties', window );">Receivable from related party</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">283,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets', window );">Prepaid expenses and other assets</a></td>
<td class="num">(98,000)<span></span>
</td>
<td class="num">(149,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInReceivables', window );">Receivable from lessors</a></td>
<td class="nump">171,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities', window );">Accounts payable and accrued liabilities</a></td>
<td class="num">(120,000)<span></span>
</td>
<td class="nump">563,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInDueToRelatedParties', window );">Due to clearing brokers and related parties</a></td>
<td class="num">(69,000)<span></span>
</td>
<td class="nump">330,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable', window );">Income tax payable</a></td>
<td class="nump">196,000<span></span>
</td>
<td class="nump">413,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivities', window );">Net cash provided by operating activities</a></td>
<td class="nump">1,067,000<span></span>
</td>
<td class="nump">1,665,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract', window );"><strong>Cash flows from investing activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireInvestments', window );">Investment in related party</a></td>
<td class="num">(3,665,000)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment', window );">Purchase of furniture, equipment, and leasehold improvements</a></td>
<td class="num">(476,000)<span></span>
</td>
<td class="num">(46,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForSoftware', window );">Purchase of software</a></td>
<td class="num">(388,000)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivities', window );">Net cash used in investing activities</a></td>
<td class="num">(4,529,000)<span></span>
</td>
<td class="num">(46,000)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease', window );">Net increase / (decrease) in cash and cash equivalents</a></td>
<td class="num">(3,462,000)<span></span>
</td>
<td class="nump">1,619,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents - beginning of period</a></td>
<td class="nump">7,229,000<span></span>
</td>
<td class="nump">3,765,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents - end of period</a></td>
<td class="nump">3,767,000<span></span>
</td>
<td class="nump">5,384,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoncashInvestingAndFinancingItemsAbstract', window );"><strong>Non-cash investing and financing activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_InitialRecognitionOfLeaseRightofuseAssets', window );">Initial recognition of lease right-of-use assets</a></td>
<td class="nump">2,257,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_InitialRecognitionOfLeaseLiabilities', window );">Initial recognition of lease liabilities</a></td>
<td class="nump">$ 2,530,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_InitialRecognitionOfLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Initial recognition of lease liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_InitialRecognitionOfLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_InitialRecognitionOfLeaseRightofuseAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Initial recognition of lease right-of-use assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_InitialRecognitionOfLeaseRightofuseAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3044-108585<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118951113&amp;loc=d3e6676-107765<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DepreciationAndAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DepreciationAndAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromEquityMethodInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of income (loss) for proportionate share of equity method investee's income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(13)(f))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (g)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=109237563&amp;loc=d3e33749-111570<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromEquityMethodInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInBrokerageReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the total amount due to the entity related to activities and operations with other broker dealers, and clearing organizations, including deposits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInBrokerageReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInDeferredIncomeTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the account that represents the temporary difference that results from Income or Loss that is recognized for accounting purposes but not for tax purposes and vice versa.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInDeferredIncomeTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInDueFromRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in receivables to be collected from other entities that could exert significant influence over the reporting entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInDueFromRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInDueToRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the aggregate amount of obligations to be paid to the following types of related parties: a parent company and its subsidiaries; subsidiaries of a common parent; an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entities' management; an entity and its principal owners, management, or member of their immediate families; affiliates; or other parties with the ability to exert significant influence.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInDueToRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInOperatingCapitalAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in prepaid expenses, and assets classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the total amount due within one year (or one operating cycle) from all parties, associated with underlying transactions that are classified as operating activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInSecuritiesBorrowed">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the total amount due the entity arising from securities borrowed transactions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInSecuritiesBorrowed</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3521-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3536-108585<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3521-108585<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669619-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669625-108580<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NoncashInvestingAndFinancingItemsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NoncashInvestingAndFinancingItemsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForSoftware">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow associated with the development, modification or acquisition of software programs or applications for internal use (that is, not to be sold, leased or otherwise marketed to others) that qualify for capitalization.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3213-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsForSoftware</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow associated with the purchase of all investments (debt, security, other) during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3213-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireInvestments</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3213-108585<br></p></div>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6839135840">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Organization and Basis of Presentation<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract', window );"><strong>Organization, Consolidation and Presentation of Financial Statements [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessDescriptionAndBasisOfPresentationTextBlock', window );">Organization and Basis of Presentation</a></td>
<td class="text"><div><div style="text-align: left"><font style="font: bold 10pt Times New Roman, Times, serif">1. Organization and Basis of Presentation</font></div>
    <div style="text-align: left; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">&#160;</font></div>
    <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Organization</font></div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Siebert Financial Corp., a New York corporation incorporated in 1934, is a holding company that conducts its retail
        discount brokerage business through its wholly-owned subsidiary, Muriel Siebert &#38; Co., Inc. (&#8220;MSCO&#8221;), a Delaware corporation and registered broker-dealer, its investment advisory business through its wholly-owned subsidiary, Siebert AdvisorNXT,
        Inc. (&#8220;AdvisorNXT&#8221;), a New York corporation registered with the SEC as a Registered Investment Advisor under the Investment Advisers Act of 1940, as amended, and its insurance business through its wholly-owned subsidiary, Park Wilshire Companies,
        Inc. (&#8220;PWC&#8221;), a Texas corporation and licensed insurance agency. It also conducts operations through a fourth subsidiary, KCA Technologies, LLC. (&#8220;KCAT&#8221;), a Nevada limited liability company and developer of robo-advisory technology. For purposes of
        this Quarterly Report on Form 10-Q, the terms &#8220;Siebert,&#8221; &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;us,&#8221; and &#8220;our&#8221; refer to Siebert Financial Corp., MSCO, AdvisorNXT, PWC, and KCAT collectively, unless the context otherwise requires.</font></div>
    <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif"> </font><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company is headquartered in New York, NY, with primary operations in New Jersey and California. The Company has
        offices throughout the United States of America (&#8220;U.S.&#8221;) and clients around the world. The Company&#8217;s SEC filings are available through the Company&#8217;s website at www.siebertnet.com, where investors are able to obtain copies of the Company&#8217;s public
        filings free of charge. The Company&#8217;s common stock (&#8220;Common Stock&#8221;), par value $.01 per share, trades on the Nasdaq Capital Market under the symbol &#8220;SIEB.&#8221;</font></div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company primarily operates in the securities brokerage and asset management industry and has no other reportable
        segments. All of the Company's revenues for the three months ended March 31, 2019 and 2018 were derived from its operations in the U.S.</font></div>
    <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;</font></div>
    <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Basis of Presentation</font></div>
    <div><br />
    </div>
    <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Basis of Presentation</font></div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting
        principles generally accepted in the U.S. (GAAP) for interim financial information with the instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by GAAP for
        complete annual financial statements. In the opinion of the Company&#8217;s management, the accompanying unaudited financial statements contain all adjustments (consisting of normal recurring entries) necessary to fairly present such interim results.
        Interim results are not necessarily indicative of the results of operations which may be expected for a full year or any subsequent period. These unaudited condensed consolidated financial statements should be read in conjunction with the financial
        statements and notes thereto in the Company&#8217;s Annual Report on Form 10-K for the year ended December 31, 2018 (&#8220;2018 Form 10-K&#8221;). The consolidated financial statements include the accounts of Siebert and its wholly-owned subsidiaries and upon
        consolidation, all intercompany balances and transactions are eliminated. The U.S. dollar is the functional currency of the Company.</font></div>
    <div><br />
    </div>
    <div style="background-color: #FFFFFF">
      <div style="text-align: justify; margin-bottom: 12pt"><font style="font: italic 10pt Times New Roman, Times, serif; color: #000000">Reclassifications</font></div>
    </div>
    <div style="background-color: #FFFFFF">
      <div style="text-align: left; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif; color: #000000">Certain prior period amounts have been reclassified to conform to the current year&#8217;s presentation. These
          reclassifications have no effect on previously reported net income or total assets or total liabilities.</font></div>
    </div>
    <div><br />
    </div>
    <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Significant Accounting Policies</font></div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company&#8217;s significant accounting policies are included in Note 2 in the Company&#8217;s 2018 Form 10-K. There have been no
        significant changes to these accounting policies for the three months ended March 31, 2019 except as described in the sections &#8220;Equity Method Investment&#8221; and the &#8220;Note 2 &#8211; New Accounting Standards&#8221; below.</font></div>
    <div><br />
    </div>
    <div style="background-color: #FFFFFF">
      <div style="text-align: justify; margin-bottom: 12pt"><font style="font: italic 10pt Times New Roman, Times, serif; color: #000000">Equity Method Investments</font></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif; color: #000000">Investments in which the Company has the ability to exercise significant influence, but does not control,
        are accounted for under the equity method of accounting and are included in the investment in related party asset on the condensed consolidated statements of financial condition. Under this method of accounting, the Company&#8217;s share of the net
        earnings or losses of the investee is presented below the income tax line on the condensed consolidated statements of operations. The Company evaluates its equity method investments whenever events or changes in circumstance indicate that the
        carrying amounts of such investments may be impaired. If a decline in the value of an equity method investment is determined to be other than temporary, a loss is recorded in earnings in the current period.</font></div></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for the business description and basis of presentation concepts.  Business description describes the nature and type of organization including but not limited to organizational structure as may be applicable to holding companies, parent and subsidiary relationships, business divisions, business units, business segments, affiliates and information about significant ownership of the reporting entity.  Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -URI http://asc.fasb.org/topic&amp;trid=2122369<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -URI http://asc.fasb.org/topic&amp;trid=2122149<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 275<br> -URI http://asc.fasb.org/topic&amp;trid=2134479<br></p></div>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6630254272">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>New Accounting Standards<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountingPoliciesAbstract', window );"><strong>Accounting Policies [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SignificantAccountingPoliciesTextBlock', window );">New Accounting Standards</a></td>
<td class="text"><div><div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">2. New Accounting Standards</font></div>
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    <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Recently Adopted Accounting Pronouncements</font></div>
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    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif"><font style="font: italic 10pt Times New Roman, Times, serif">ASU 2016-02</font> &#8211; In
        February 2016, the FASB established Topic 842, Leases, by issuing Accounting Standards Update (&#8220;ASU&#8221;) No. 2016-02, which requires lessees to recognize leases on-balance sheet and disclose key information about leasing arrangements. The new standard
        establishes a right-of-use model that requires a lessee to recognize a lease right-of-use asset and lease liability on the statement of financial condition for all leases with a term longer than 12 months. Leases will be classified as finance or
        operating, with classification affecting the pattern and classification of expense recognition in the statement of operations. The new standard is effective for the Company on January 1, 2019, with early adoption permitted. The Company adopted the
        new standard on its effective date. A modified retrospective transition approach is required, applying the new standard to all leases existing at the date of initial application. An entity may choose to use either (1) its effective date or (2) the
        beginning of the earliest comparative period presented in the financial statements as its date of initial application. The Company adopted the new standard on January 1, 2019 and used the effective date as the date of initial application.
        Consequently, financial information will not be updated and the disclosures required under the new standard will not be provided for dates and periods before January 1, 2019. As of March 31, 2019, the Company recognized lease right-of-use assets of
        approximately $2.3 million and corresponding lease liabilities of approximately $2.5 million. This accounting pronouncement had no material impact to the condensed consolidated statement of operations for the three months ended March 31, 2019.</font></div>
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    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif; color: #000000">The new standard provides a number of optional practical expedients in transition. The Company elected the
        &#8220;package of practical expedients,&#8221; which permits the Company not to reassess under the new standard the Company&#8217;s prior conclusions about lease identification, lease classification and initial direct costs. The Company has not elected the hindsight
        practical expedient at transition.</font></div>
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    </div>
    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif; color: #000000">The new standard also provides practical expedients for an entity&#8217;s ongoing accounting. The Company
        elected the short-term lease recognition exemption for all leases that qualify. This means, for those leases that qualify, the Company will not recognize lease right-of-use assets or lease liabilities, and this includes not recognizing lease
        right-of-use assets or lease liabilities for existing short-term leases of those assets in transition.</font></div></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for all significant accounting policies of the reporting entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -URI http://asc.fasb.org/topic&amp;trid=2122369<br></p></div>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6839151264">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Capital Requirements<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_RegulatoryCapitalRequirementsAbstract', window );"><strong>Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
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    <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">3. Capital Requirements</font></div>
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    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">MSCO is subject to the SEC&#8217;s Uniform Net Capital Rule (Rule 15c3-1 or &#8220;Uniform Net Capital Rule&#8221;), which requires the
        maintenance of minimum net capital. MSCO has elected to use the alternative method, permitted by the Uniform Net Capital Rule, which requires that MSCO maintain minimum net capital, as defined, equal to the greater of $250,000 or 2% of aggregate
        debit balances arising from customer transactions, as defined. The Uniform Net Capital Rule also provides that equity capital may not be withdrawn or cash dividends paid if the resulting net capital would be less than 5% of aggregate debits. As of
        March 31, 2019, MSCO had net capital of approximately $5.1 million, which was approximately $4.8 million in excess of required net capital of $250,000. As of December 31, 2018, MSCO had net capital of approximately $8.9 million, which was
        approximately $8.7 million in excess of required net capital of $250,000.</font></div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">MSCO claims exemption from the reserve requirements under the SEC&#8217;s Rule 15c 3-3 pursuant to paragraph (k)(2)(ii) as it
        clears its customer transactions through one unaffiliated and one affiliated clearing firm on a fully disclosed basis.</font></div>
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    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company&#8217;s cash and cash equivalents are unrestricted and are used to fund working capital needs. The Company&#8217;s total
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for financial services, specifically for brokers and dealers, for the accounting period and at the balance sheet date. Disclosure may include amounts receivable from and payable to broker-dealers and clearing organizations, including securities failed to receive, deposits received for securities loaned, amounts payable to clearing organizations related to open transactions, floor brokerage payables and payables for commodities futures accounts liquidating to an equity balance on a broker-dealer's records. May also include disclosure on company's consolidation policy and a note indicating the amount of the broker-dealer's actual net capital and the amount of required net capital.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -URI http://asc.fasb.org/topic&amp;trid=2176223<br></p></div>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6622275184">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Receivables from and Payable to Brokers, Dealers and Clearing Organizations<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2019</div></th></tr>
<tr class="re">
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueToAndFromBrokerDealersAndClearingOrganizationsDisclosure', window );">Receivables from and Payable to Brokers, Dealers, and Clearing Organizations</a></td>
<td class="text"><div style="text-align: left"><font style="font: bold 10pt Times New Roman, Times, serif">4. Receivables from and Payable to Brokers, Dealers and Clearing Organizations</font></div>
    <div><br />
    </div>
    <div style="background-color: #FFFFFF">
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif"><font style="font: 10pt Times New Roman, Times, serif; color: #000000">The Company evaluates
            receivables from clearing organizations and other brokers for collectability noting no amount was </font>considered uncollectable as of March 31, 2019 and the year ended December 31, 2018<font style="font-size: 10pt; color: #000000">. No valuation allowance is recognized for receivables from clearing and other brokers as the Company does not have a history of losses from receivables from clearing and other brokers and does not
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    <div style="text-align: justify; text-indent: 36pt">&#160;</div>

<div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Amounts receivable from / payable to brokers, dealers and clearing organizations consisted of the following as of the
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle">
            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">As of</font></div>
            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">March 31, 2019</font></div>
            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">(unaudited)</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
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            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">As of</font></div>
            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">December 31, 2018</font></div>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Receivables from clearing and other brokers</font></div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom">&#160;</td>
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        <tr>
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            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;National Financial Services (&#8220;NFS&#8221;)</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <div><font style="font: 10pt Times New Roman, Times, serif">1,408,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%">
            <div><font style="font: 10pt Times New Roman, Times, serif">1,664,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
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            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;StockCross Financial Services, Inc. (&#8220;StockCross&#8221;)</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">
            <div><font style="font: 10pt Times New Roman, Times, serif">708,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">
            <div><font style="font: 10pt Times New Roman, Times, serif">310,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Other receivables</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%">
            <div><font style="font: 10pt Times New Roman, Times, serif">117,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%">
            <div><font style="font: 10pt Times New Roman, Times, serif">31,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
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            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Citibank</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">
            <div><font style="font: 10pt Times New Roman, Times, serif">42,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">
            <div><font style="font: 10pt Times New Roman, Times, serif">25,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 4px">
            <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Total Receivables from clearing and other brokers</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double">
            <div><font style="font: bold 10pt Times New Roman, Times, serif">$</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double">
            <div><font style="font: bold 10pt Times New Roman, Times, serif">2,275,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double">
            <div><font style="font: bold 10pt Times New Roman, Times, serif">$</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double">
            <div><font style="font: bold 10pt Times New Roman, Times, serif">2,030,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Receivable from related party</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;StockCross</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255)">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">
            <div><font style="font: 10pt Times New Roman, Times, serif">1,000,000</font></div>
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            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <div><font style="font: 10pt Times New Roman, Times, serif">1,000,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;StockCross</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
            <div><font style="font: 10pt Times New Roman, Times, serif">21,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
            <div><font style="font: 10pt Times New Roman, Times, serif">46,000</font></div>
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            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;MSCO</font></div>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">
            <div><font style="font: 10pt Times New Roman, Times, serif">10,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">
            <div><font style="font: 10pt Times New Roman, Times, serif">29,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;NFS</font></div>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">
            <div><font style="font: 10pt Times New Roman, Times, serif">&#8212;</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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            <div><font style="font: 10pt Times New Roman, Times, serif">58,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double">
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double">
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            <div><font style="font: bold 10pt Times New Roman, Times, serif">133,000</font></div></td></tr></table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for Due to and from Broker-Dealers and Clearing Organizations, including data and tables. This may include amounts receivable from and payable to broker-dealers and clearing organizations, including securities failed to receive, deposits received for securities loaned, amounts payable to clearing organizations related to open transactions, floor brokerage payables and payables for commodities futures accounts liquidating to an equity balance on a broker-dealer's records.</p></div>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6625751168">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Leases<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeasesAbstract', window );"><strong>Leases [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeasesTextBlock', window );">Leases</a></td>
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    <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">5. Leases</font></div>
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    <div style="text-align: left; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">A lease is defined as a contract, or part of a contract, that conveys the right to control the use of identified property,
        plant or equipment for a period of time in exchange for consideration. On January 1, 2019, the Company adopted ASU No. 2016-02 <font style="font: italic 10pt Times New Roman, Times, serif">&#8220;Leases&#8221; (Topic 842) </font>and


        all subsequent ASUs that modified Topic 842. For the Company, Topic 842 affected the accounting treatment for operating lease agreements in which the Company is the lessee.</font></div>
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    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company rents office space under operating leases expiring in 2019 through 2024, and the Company has no financing
        leases. The leases call for base rent plus escalations as well as other operating expenses. The following table represents the Company&#8217;s lease right-of-use assets and lease liabilities on the condensed consolidated statements of financial
        condition. The Company elected not to include short-term leases (i.e., leases with initial terms of twelve months or less), or equipment leases (deemed immaterial) on the condensed consolidated statements of financial condition.</font></div>
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            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">As of</font></div>
            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">March 31, 2019</font></div>
            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">(unaudited)</font></div>
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            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">As of</font></div>
            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">December 31, 2018</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="3" style="vertical-align: bottom; vertical-align: middle">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Lease right-of-use assets</font></div>
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            <div><font style="font: 10pt Times New Roman, Times, serif">2,257,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 64%">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Lease liabilities</font></div>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%">
            <div><font style="font: 10pt Times New Roman, Times, serif">2,530,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            <div><font style="font: 10pt Times New Roman, Times, serif">&#8212;</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The calculated amount of the lease right-of-use assets and lease liabilities in the table above are impacted by the length
        of the lease term and the discount rate used to present value the minimum lease payments. As of March 31, 2019, the Company does not believe that any of the renewal options under the existing leases are reasonably certain to be exercised; however,
        the Company will continue to assess and monitor the lease renewal options on an ongoing basis. The Company also leases some miscellaneous office equipment, but they are immaterial and therefore the Company records the costs associated with this
        office equipment on the condensed consolidated statements of operations rather than capitalized as lease right-of-use assets. The Company determined a discount rate of 5.0% would approximate the Company&#8217;s cost to obtain financing given its size,
        growth, and risk profile.</font></div>
    <div><br />
    </div>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle">
            <div style="text-align: left"><font style="font: bold 10pt Times New Roman, Times, serif">Lease Term and Discount Rate</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 88%">
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            <div><font style="font: 10pt Times New Roman, Times, serif">4.3</font></div>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 88%; background-color: rgb(255, 255, 255)">
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          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif; color: #000000">5.0</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif; color: #000000">%</font></div>
          </td>
        </tr>

    </table>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The following table represents lease costs and other lease information. The Company elected to separate the lease and
        non-lease components, and as such, the variable lease cost primarily represents variable payments such as common area maintenance and utilities.</font></div>
    <div><br />
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" id="z22d9e4d1dd134e528f9dfb3f833bb849" style="width: 90%; font: 10pt Times New Roman, Times, serif">

        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle">
            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">Three Months Ended</font></div>
            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">March 31, 2019</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;Operating lease cost</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%">
            <div><font style="font: 10pt Times New Roman, Times, serif">148,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;Short-term lease cost</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">130,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;Variable lease cost</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%">
            <div><font style="font: 10pt Times New Roman, Times, serif">17,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%; padding-bottom: 2px; background-color: rgb(255, 255, 255)">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;Sublease income</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">&#8212;</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%; padding-bottom: 4px">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">Total lease cost</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%; border-bottom: rgb(0, 0, 0) 4px double">
            <div><font style="font: 10pt Times New Roman, Times, serif">295,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">Cash paid for amounts included in the measurement of lease liabilities</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Operating cash flows from operating leases</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">147,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">Lease right-of-use assets obtained in exchange for new lease liabilities</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Operating leases</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%">
            <div><font style="font: 10pt Times New Roman, Times, serif">1,680,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>

    </table>
    <div><br />
    </div>
    <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Lease Commitments</font></div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Future annual minimum payments for operating leases with initial terms of greater than one year as of March 31, 2019 were
        as follows:</font></div>
    <div><br />
    </div>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%">
            <div style="text-align: left"><font style="font: bold 10pt Times New Roman, Times, serif">Year</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle">
            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">Amount</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;2019</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%">
            <div><font style="font: 10pt Times New Roman, Times, serif">676,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;2020</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">891,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;2021</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%">
            <div><font style="font: 10pt Times New Roman, Times, serif">728,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;2022</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)">
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            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;Thereafter</font></div>
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          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
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            <div><font style="font: 10pt Times New Roman, Times, serif">&#8212;</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 4px double">&#160;</td>
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            <div><font style="font: 10pt Times New Roman, Times, serif">3,291,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;discounted cash flows</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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            <div><font style="font: 10pt &quot">304,000</font></div>
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            <div><font style="font: 10pt Times New Roman, Times, serif">(23,000</font></div>
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            <div><font style="font: 10pt Times New Roman, Times, serif">)</font></div>
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            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <div><font style="font: 10pt Times New Roman, Times, serif">2,530,000</font></div>
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    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Rent and related operating expenses were $295,000 and $242,000 for the three months ended March 31, 2019 and 2018,
        respectively. As of March 31, 2019, the Company had an operating lease agreement for an office space in Miami, FL with a term of 2 years. The total commitment of the lease is approximately $480,000 and the lease will commence on April 1, 2019.</font></div></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -URI http://asc.fasb.org/subtopic&amp;trid=77888251<br></p></div>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6623603008">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Equity Method Investments<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2019</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract', window );"><strong>Equity Method Investments and Joint Ventures [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentsDisclosureTextBlock', window );">Equity Method Investments</a></td>
<td class="text"><div><div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif"><font style="font: 10pt Times New Roman, Times, serif"></font><font style="font-size: 10pt; font-weight: bold">6. Equity Method Investments</font></font></div>
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    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">In January 2019, the Company purchased approximately 15% of StockCross&#8217; outstanding shares. The number of shares purchased
        by the Company was 922,875 at a per share price of approximately $3.97. The Company&#8217;s ownership in StockCross is accounted for under the equity method of accounting.</font></div>
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    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">In determining whether the investment in StockCross should be accounted for under the equity method of accounting, the
        Company leveraged the guidance under <font style="font: italic 10pt Times New Roman, Times, serif">ASC 323, Investments &#8211; Equity Method and Joint Venture</font>s. Although the Company maintains approximately a
        15% ownership interest in StockCross, the Company evaluated the positive evidence related to criteria such as common representation on the board of directors, participation in policy-making processes, material intra-entity transactions, interchange
        of managerial personnel and technological interdependency of the Company and StockCross. Based on these criteria, the Company determined that it was able to exercise significant influence of StockCross, and therefore the equity method of accounting
        was used for this transaction.</font></div>
    <div style="text-align: justify; text-indent: 36pt">&#160;</div>

<div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Under the equity method, the Company recognizes its share of StockCross&#8217; net income in the earnings of equity method
        investment line item in the condensed consolidated statements of operations. The Company has elected to classify distributions received from equity method investees using the cumulative earnings approach. For the three months ended March 31, 2019,
        the amount of net income recognized from the Company&#8217;s investment in StockCross was approximately $39,000. This investment is reported in the investment in related party line item in the condensed consolidated statements of financial condition. As
        of March 31, 2019, the carrying amount of the investment in StockCross was approximately $3,704,000.</font></div>
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    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company evaluates its equity method investments for impairment when events or changes indicate the carrying value may
        not be recoverable. If the impairment is determined to be other-than-temporary, the Company will recognize an impairment loss equal to the difference between the expected realizable value and the carrying value of the investment. As of March 31,
        2019, the fair value of the investment in StockCross is not estimated because there were no identified events or changes in circumstances that may have a significant adverse effect on the fair value of the investment and thus, no impairment was
        recorded.</font></div>
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    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Below is a table showing illustrating the summary from the condensed consolidated statements of operations for StockCross
        for the period indicated:</font></div>
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    <table cellspacing="0" cellpadding="0" border="0" align="center" id="z9efd758b554648a98b21907c831d3ff5" style="width: 40%; font: 10pt Times New Roman, Times, serif">

        <tr>
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            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">Three Months Ended March 31, 2019</font></div>
            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">(unaudited)</font></div>
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            <div><font style="font: 10pt Times New Roman, Times, serif; color: #000000">4,014,000</font></div>
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            <div><font style="font: 10pt Times New Roman, Times, serif; color: #000000">285,000</font></div>
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            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">Net income</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div><font style="font: 10pt Times New Roman, Times, serif; color: #000000">$</font></div>
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            <div><font style="font: 10pt Times New Roman, Times, serif; color: #000000">246,000</font></div></td></tr></table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section S99<br> -Paragraph 4<br> -Subparagraph (SX 210.3A-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=116822174&amp;loc=d3e355119-122828<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -URI http://asc.fasb.org/topic&amp;trid=2196965<br></p></div>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6839048128">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Commitments, Contingencies, and Other<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingenciesDisclosureAbstract', window );"><strong>Commitments and Contingencies Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock', window );">Commitments, Contingencies, and Other</a></td>
<td class="text"><div><div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">7. Commitments, Contingencies, and Other</font></div>
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    <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Legal and Regulatory Matters</font></div>
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    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company is party to certain claims, suits and complaints arising in the ordinary course of business. In the opinion of
        the Company, all such matters are without merit, or involve amounts which would not have a significant effect on the financial statements of the Company.</font></div>
    <div><br />
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    <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">General Contingencies</font></div>
    <div><br />
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    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company is party to certain claims, suits and complaints arising in the ordinary course of business. In the opinion of
        the Company&#8217;s management, all such matters are without merit, or involve amounts which would not have a significant effect on the financial statements of the Company.</font></div>
    <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif"> </font><br />
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    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">In the normal course of its business, the Company indemnifies and guarantees certain service providers against specified
        potential losses in connection with their acting as an agent of, or providing services to, the Company. The maximum potential amount of future payments that the Company could be required to make under these indemnifications cannot be estimated.
        However, the Company believes that it is unlikely it will have to make material payments under these arrangements and has not recorded any contingent liability in the financial statements for these indemnifications.</font></div>
    <div><br />
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    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company provides representations and warranties to counterparties in connection with a variety of commercial
        transactions and occasionally indemnifies them against potential losses caused by the breach of those representations and warranties. The Company may also provide standard indemnifications to some counterparties to protect them in the event
        additional taxes are owed or payments are withheld, due either to a change in or adverse application of certain tax laws. These indemnifications generally are standard contractual terms and are entered into in the normal course of business. The
        maximum potential amount of future payments that the Company could be required to make under these indemnifications cannot be estimated. However, the Company believes that it is unlikely it will have to make material payments under these
        arrangements and has not recorded any contingent liability in the financial statements for these indemnifications.</font></div>
    <div><br />
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    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company is self-insured with respect to employee health claims. The Company maintains stop-loss insurance for certain
        risks and has a health claim reinsurance limit capped at approximately $50,000 per employee. The estimated liability for self-insurance claims is initially recorded in the year in which the event of loss occurs, and may be subsequently adjusted
        based upon new information and cost estimates. Reserves for losses represent estimates of reported losses and estimates of incurred but not reported losses based on past and current experience. Actual claims paid and settled may differ, perhaps
        significantly, from the provision for losses. This adds uncertainty to the estimated reserves for losses. Accordingly, it is at least possible that the ultimate settlement of losses may vary significantly from the amounts included in the financial
        statements.</font></div>
    <div style="text-align: justify; text-indent: 36pt">&#160;</div>

<div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">As part of this plan, the Company recognized expenses totaling $289,000 and $240,000 for the three months ended March 31,
        2019 and 2018, respectively. The Company had an accrual of $75,000 and $70,000 as of the three months ended March 31, 2019 and 2018, respectively, which represents the historical estimate of future claims to be recognized for claims incurred prior
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    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company believes that its present insurance coverage and reserves are sufficient to cover currently estimated
        exposures, but there can be no assurance that the Company will not incur liabilities in excess of recorded reserves or in excess of its insurance limits.</font></div></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for commitments and contingencies.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -URI http://asc.fasb.org/topic&amp;trid=2127136<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 440<br> -URI http://asc.fasb.org/topic&amp;trid=2144648<br></p></div>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6614956784">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Revenue Recognition<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2019</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenueFromContractWithCustomerAbstract', window );"><strong>Revenue from Contract with Customer [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenueFromContractWithCustomerTextBlock', window );">Revenue Recognition</a></td>
<td class="text"><div><div style="text-align: left"><font style="font: bold 10pt Times New Roman, Times, serif; color: #000000">8. Revenue Recognition</font></div>
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    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The primary sources of revenue for the Company are as follows: revenue from contracts with customers which includes
        commissions and fees, principal transactions, and advisory fees as well as other income which includes margin interest, marketing, and distribution fees. The recognition and measurement of revenue is based on the assessment of individual contract
        terms. The amount of revenue recognized by the Company is based on the consideration specified in contracts with its clients. The Company recognizes revenue when a performance obligation is satisfied over time as the services are performed or at a
        point in time depending on the nature of the services provided as further discussed below. Significant judgment is required to determine whether performance obligations are satisfied at a point in time or over time; how to allocate transaction
        prices where multiple performance obligations are identified; when to recognize revenue based on the appropriate measure of the Company&#8217;s progress under the contract; and whether constraints on variable consideration should be applied due to
        uncertain future events. For the three months ended March 31, 2019 and 2018, there were no costs capitalized related to obtaining or fulfilling a contract with a customer and thus the Company has no balances for contract assets or contract
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    <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Categorization of Revenue by Service</font></div>
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    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The following table presents the major revenue categories and when each category is recognized:</font></div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
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          <td style="vertical-align: bottom; vertical-align: top; text-align: center; width: 26%">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
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            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">(unaudited)</font></div>
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          <td colspan="2" style="vertical-align: bottom; vertical-align: top">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; text-align: center; width: 26%">&#160;&#160;&#160;&#160;&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div><font style="font: 10pt Times New Roman, Times, serif">1,864,000</font></div>
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            <div><font style="font: 10pt Times New Roman, Times, serif">2,674,000</font></div>
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            <div><font style="font: 10pt Times New Roman, Times, serif">1,610,000</font></div>
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            <div><font style="font: 10pt Times New Roman, Times, serif">27,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255); text-align: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 38%">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Margin interest, marketing and distribution fees</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 26%; text-align: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 38%; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;&#160;Margin interest</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">2,066,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">1,635,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div style="text-align: center"><font style="font: 10pt &quot">Recorded as earned</font></div>
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        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 38%; padding-bottom: 2px">
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 2px solid">
            <div><font style="font: 10pt Times New Roman, Times, serif">706,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 2px solid">
            <div><font style="font: 10pt Times New Roman, Times, serif">900,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 26%; padding-bottom: 2px">
            <div style="text-align: center"><font style="font: 10pt &quot">Recorded as earned</font></div>
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        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 38%; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;Total Margin interest, marketing and distribution fees</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">2,772,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">2,535,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255); text-align: center">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 38%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 26%; padding-bottom: 2px; text-align: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 38%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Total Revenue</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">
            <div><font style="font: bold 10pt Times New Roman, Times, serif">6,429,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 4px double">&#160;</td>
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            <div><font style="font: bold 10pt Times New Roman, Times, serif">8,177,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 26%; padding-bottom: 4px; background-color: rgb(204, 238, 255); text-align: center">&#160;</td>
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    </table>
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    </div>
    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The following table presents each revenue category and its related performance obligation:</font></div>
    <div><br />
    </div>
    <table cellspacing="0" cellpadding="0" id="zaf070c8a2fc54ad2a334a0abff3e0135" style="font: 10pt Times New Roman, Times, serif; width: 100%; border-collapse: collapse">

        <tr>
          <td style="width: 50.01%; vertical-align: top">
            <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Revenue Stream</font></div>
          </td>
          <td style="width: 49.99%; vertical-align: top">
            <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Performance Obligation</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.01%; vertical-align: top; background-color: #CCEEFF">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Commissions and fees, Principal transactions, Advisory fees and additional income</font></div>
          </td>
          <td style="width: 49.99%; vertical-align: top; background-color: #CCEEFF">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Provide security trading services to customer and act as agent</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.01%; vertical-align: top">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Margin interest, marketing and distribution fees</font></div>
          </td>
          <td style="width: 49.99%; vertical-align: top">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">n/a</font></div>
          </td>
        </tr>

    </table>
    <div><br />
    </div>
    <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Disaggregation of Revenue &#8211; Legacy Siebert vs. StockCross Accounts</font></div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The following table presents a breakdown of the Company&#8217;s revenue between the amounts attributed to the accounts that were
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    <div><br />
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    <table cellspacing="0" cellpadding="0" id="z2411ead3c72d463882e532093f3611b6" style="font: 10pt Times New Roman, Times, serif; width: 100%">

        <tr>
          <td style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(255, 255, 255)">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
          <td colspan="6" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255)">
            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">Three Months Ended</font></div>
            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">March 31,</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: bottom; background-color: #FFFFFF">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #FFFFFF">
            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">2019</font></div>
            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">(unaudited)</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
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            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">2018</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom">&#160;</td>
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        <tr>
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            <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Revenue from Principal transactions:</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Principal transactions &#8211; Legacy Siebert</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%">
            <div><font style="font: 10pt Times New Roman, Times, serif">379,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%">
            <div><font style="font: 10pt Times New Roman, Times, serif">572,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Principal transactions &#8211; StockCross accounts</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">
            <div><font style="font: 10pt Times New Roman, Times, serif">1,231,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">
            <div><font style="font: 10pt Times New Roman, Times, serif">2,369,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Total Revenue from Principal transactions</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px">
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            <div><font style="font: 10pt Times New Roman, Times, serif">719,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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        <tr>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">
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            <div><font style="font: 10pt Times New Roman, Times, serif">1,864,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Margin interest, marketing and distribution&#160;fees &#8211; Legacy Siebert</font></div>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%">
            <div><font style="font: 10pt Times New Roman, Times, serif">2,445,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%">
            <div><font style="font: 10pt Times New Roman, Times, serif">2,328,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Margin interest, marketing and distribution fees &#8211; StockCross accounts</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">
            <div><font style="font: 10pt Times New Roman, Times, serif">327,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">
            <div><font style="font: 10pt Times New Roman, Times, serif">207,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Total Revenue from Margin interest, marketing and distribution fees</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <div><font style="font: 10pt Times New Roman, Times, serif">2,772,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%">
            <div><font style="font: 10pt Times New Roman, Times, serif">2,535,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
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        <tr>
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            <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Additional Revenue:</font></div>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
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        <tr>
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            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Advisory fees &#8211; Legacy Siebert</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            <div><font style="font: 10pt Times New Roman, Times, serif">168,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            <div><font style="font: 10pt Times New Roman, Times, serif">16,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%">
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6621474192">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Provision for Income Tax<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
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<td class="text"><div><div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">9. Provision for Income Tax</font></div>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            <div><font style="font: 10pt Times New Roman, Times, serif; color: #000000">369,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double">
            <div><font style="font: 10pt Times New Roman, Times, serif; color: #000000">$</font></div>
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      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Effective Tax Rate</font></div>
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        applied to the year to date income before tax. For the three months ended March 31, 2019 and 2018, the Company&#8217;s effective tax rate was 28% and 20%, respectively. The increase in the effective tax rate was due to an increase in deferred income tax
        expense. As of December 31, 2018, the Company recorded an income tax benefit related to the recognition of deferred tax assets of $5,576,000. For the three months ended March 31, 2019, the Company incurred deferred income tax expense corresponding
        to the decrease in the deferred tax assets. Deferred income tax expense was $90,000 for the three months ended March 31, 2019 compared to zero for the three months ended March 31, 2018.</div></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -URI http://asc.fasb.org/topic&amp;trid=2144680<br></p></div>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6630010736">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Earnings Per Share<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
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    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Basic earnings per share is calculated by dividing net income by the weighted average of the number of outstanding common
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6631104192">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Related Party Disclosures<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
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<td class="text"><div><div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">11. Related Party Disclosures</font></div>
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    <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">StockCross</font></div>
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    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">StockCross and the Company are under common ownership and StockCross serves as one of the two clearing brokers for the
        Company. StockCross has a clearing agreement with MSCO in which StockCross passes through all revenue and charges MSCO for related clearing expenses. Outside of the clearing agreement, MSCO has an expense sharing agreement with StockCross for its
        Beverly Hills office and StockCross pays some of the vendors for miscellaneous expenses which it passes through to MSCO. As of March 31, 2019 and December 31, 2018, MSCO had receivables from StockCross totaling approximately $1.7 million and $1.3
        million, respectively, consisting of financing for inventory positions, the net monthly clearing fees StockCross owes MSCO, and a clearing deposit. As of March 31, 2019 and December 31, 2018, MSCO had a payable to StockCross totaling $21,000 and
        $46,000, respectively<font style="font: 10pt Times New Roman, Times, serif; color: #70AD47">. </font>In January 2019, the Company purchased approximately 15% of StockCross&#8217; outstanding shares. <font style="font: italic 10pt Times New Roman, Times, serif">Please see Item 4. Financial Statements and Supplementary Data &#8211; &#8220;Note 6 &#8211; Equity Method Investments&#8221; for additional detail on the transaction with StockCross.</font></font></div>
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    <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">KCA</font></div>
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    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">KCA is an affiliate of the Company and StockCross. To gain efficiencies and economies of scale with billing and
        administrative functions, KCA serves as a paymaster for the Company and StockCross for compensation and benefits expenses, the entirety of which KCA passes through to the Company and StockCross proportionally. In addition, KCA has purchased the
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    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">PWC brokers the insurance policies for related parties. Revenue for PWC from related parties was approximately $22,000
        for the three months ended March 31, 2019.</font></div></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -URI http://asc.fasb.org/topic&amp;trid=2122745<br></p></div>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6631069248">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Subsequent Events<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SubsequentEventsAbstract', window );"><strong>Subsequent Events [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SubsequentEventsTextBlock', window );">Subsequent Events</a></td>
<td class="text"><div><div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">12. Subsequent Events<font style="font: 10pt Times New Roman, Times, serif"><br />
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif; color: #000000">The Company has evaluated events that have occurred subsequent to March 31, 2019 and through May 15,
          2019, the date of the filing of this report. There have been no additional material subsequent events that occurred during such period that would require disclosure in this report or would be required to be recognized in the financial statements
          as of March 31, 2019.</font></div></div></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 855<br> -URI http://asc.fasb.org/topic&amp;trid=2122774<br></p></div>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6623606848">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Organization and Basis of Presentation (Policies)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2019</div></th></tr>
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<td class="text">&#160;<span></span>
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<tr class="ro">
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    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting
        principles generally accepted in the U.S. (GAAP) for interim financial information with the instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by GAAP for
        complete annual financial statements. In the opinion of the Company&#8217;s management, the accompanying unaudited financial statements contain all adjustments (consisting of normal recurring entries) necessary to fairly present such interim results.
        Interim results are not necessarily indicative of the results of operations which may be expected for a full year or any subsequent period. These unaudited condensed consolidated financial statements should be read in conjunction with the financial
        statements and notes thereto in the Company&#8217;s Annual Report on Form 10-K for the year ended December 31, 2018 (&#8220;2018 Form 10-K&#8221;). The consolidated financial statements include the accounts of Siebert and its wholly-owned subsidiaries and upon
        consolidation, all intercompany balances and transactions are eliminated. The U.S. dollar is the functional currency of the Company.</font></div></div><span></span>
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      <div style="text-align: left; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif; color: #000000">Certain prior period amounts have been reclassified to conform to the current year&#8217;s presentation. These
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentsPolicy', window );">Equity Method Investments</a></td>
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      <div style="text-align: justify; margin-bottom: 12pt"><font style="font: italic 10pt Times New Roman, Times, serif; color: #000000">Equity Method Investments</font></div>
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    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif; color: #000000">Investments in which the Company has the ability to exercise significant influence, but does not control,
        are accounted for under the equity method of accounting and are included in the investment in related party asset on the condensed consolidated statements of financial condition. Under this method of accounting, the Company&#8217;s share of the net
        earnings or losses of the investee is presented below the income tax line on the condensed consolidated statements of operations. The Company evaluates its equity method investments whenever events or changes in circumstance indicate that the
        carrying amounts of such investments may be impaired. If a decline in the value of an equity method investment is determined to be other than temporary, a loss is recorded in earnings in the current period.</font></div></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for equity method of accounting for investments and other interests. Investment includes, but is not limited to, unconsolidated subsidiary, corporate joint venture, noncontrolling interest in real estate venture, limited partnership, and limited liability company. Information includes, but is not limited to, ownership percentage, reason equity method is or is not considered appropriate, and accounting policy election for distribution received.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.12)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 21D<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=SL94080555-108585<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=84158767&amp;loc=d3e18780-107790<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for classifying current financial statements, which may be different from classifications in the prior year's financial statements. Disclose any material changes in classification including an explanation of the reason for the change and the areas impacted.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -URI http://asc.fasb.org/topic&amp;trid=2122149<br></p></div>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6624307296">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Receivables from and Payable to Brokers, Dealers and Clearing Organizations (Tables)<br></strong></div></th>
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    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Amounts receivable from / payable to brokers, dealers and clearing organizations consisted of the following as of the
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">
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            <div><font style="font: 10pt Times New Roman, Times, serif">1,664,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;StockCross Financial Services, Inc. (&#8220;StockCross&#8221;)</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">
            <div><font style="font: 10pt Times New Roman, Times, serif">708,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Other receivables</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%">
            <div><font style="font: 10pt Times New Roman, Times, serif">117,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%">
            <div><font style="font: 10pt Times New Roman, Times, serif">31,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Citibank</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">
            <div><font style="font: 10pt Times New Roman, Times, serif">42,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">
            <div><font style="font: 10pt Times New Roman, Times, serif">25,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 4px">
            <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Total Receivables from clearing and other brokers</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double">
            <div><font style="font: bold 10pt Times New Roman, Times, serif">$</font></div>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double">
            <div><font style="font: bold 10pt Times New Roman, Times, serif">2,275,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double">
            <div><font style="font: bold 10pt Times New Roman, Times, serif">$</font></div>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double">
            <div><font style="font: bold 10pt Times New Roman, Times, serif">2,030,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Receivable from related party</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;StockCross</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">
            <div><font style="font: 10pt Times New Roman, Times, serif">1,000,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">
            <div><font style="font: 10pt Times New Roman, Times, serif">1,000,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 4px">
            <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Total Receivable from related party</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double">
            <div><font style="font: bold 10pt Times New Roman, Times, serif">$</font></div>
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            <div><font style="font: bold 10pt Times New Roman, Times, serif">1,000,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double">
            <div><font style="font: bold 10pt Times New Roman, Times, serif">$</font></div>
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          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 4px double">
            <div><font style="font: bold 10pt Times New Roman, Times, serif">1,000,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Due to clearing brokers and related parties</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Kennedy Cabot Acquisition, LLC (&#8220;KCA&#8221;)</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">
            <div><font style="font: 10pt Times New Roman, Times, serif">33,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">
            <div><font style="font: 10pt Times New Roman, Times, serif">&#8212;</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;StockCross</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            <div><font style="font: 10pt Times New Roman, Times, serif">21,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;MSCO</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">
            <div><font style="font: 10pt Times New Roman, Times, serif">10,000</font></div>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6839105024">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Leases (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeasesAbstract', window );"><strong>Leases [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_ScheduleOfSupplementalBalanceSheetInformationRelatedToLeasesTableTextBlock', window );">Schedule of Supplemental Balance Sheet Information Related to Leases</a></td>
<td class="text"><div><div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The following table represents the Company&#8217;s lease right-of-use assets and lease liabilities on the condensed consolidated statements of financial
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            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">March 31, 2019</font></div>
            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">(unaudited)</font></div>
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            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">As of</font></div>
            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">December 31, 2018</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
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            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Assets</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="3" style="vertical-align: bottom; vertical-align: middle">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Lease right-of-use assets</font></div>
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            <div><font style="font: 10pt Times New Roman, Times, serif">2,257,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%">
            <div><font style="font: 10pt Times New Roman, Times, serif">&#8212;</font></div>
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          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 64%">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Liabilities</font></div>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Lease liabilities</font></div>
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            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%">
            <div><font style="font: 10pt Times New Roman, Times, serif">2,530,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%">
            <div><font style="font: 10pt Times New Roman, Times, serif">&#8212;</font></div></td></tr></table></div><span></span>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock', window );">Schedule of Additional Information Related to Leases</a></td>
<td class="text"><div><div><br />
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle">
            <div style="text-align: left"><font style="font: bold 10pt Times New Roman, Times, serif">Lease Term and Discount Rate</font></div>
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          <td colspan="2" style="vertical-align: bottom; vertical-align: middle">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 88%">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;Weighted average remaining lease term &#8211; operating leases (in years)</font></div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            <div><font style="font: 10pt Times New Roman, Times, serif">4.3</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <td style="vertical-align: bottom; vertical-align: middle; width: 88%; background-color: rgb(255, 255, 255)">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;Weighted average discount rate &#8211; operating leases</font></div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif; color: #000000">5.0</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif; color: #000000">%</font></div>
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</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeaseCostTableTextBlock', window );">Schedule of Lease Costs and Other Lease Information</a></td>
<td class="text"><div><div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The following table represents lease costs and other lease information. The Company elected to separate the lease and
        non-lease components, and as such, the variable lease cost primarily represents variable payments such as common area maintenance and utilities.</font></div>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
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            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">Three Months Ended</font></div>
            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">March 31, 2019</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;Operating lease cost</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%">
            <div><font style="font: 10pt Times New Roman, Times, serif">148,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;Short-term lease cost</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">130,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;Variable lease cost</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%">
            <div><font style="font: 10pt Times New Roman, Times, serif">17,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%; padding-bottom: 2px; background-color: rgb(255, 255, 255)">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;Sublease income</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">&#8212;</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%; padding-bottom: 4px">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">Total lease cost</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%; border-bottom: rgb(0, 0, 0) 4px double">
            <div><font style="font: 10pt Times New Roman, Times, serif">295,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">Cash paid for amounts included in the measurement of lease liabilities</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Operating cash flows from operating leases</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">147,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">Lease right-of-use assets obtained in exchange for new lease liabilities</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Operating leases</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%">
            <div><font style="font: 10pt Times New Roman, Times, serif">1,680,000</font></div></td></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock', window );">Schedule of Maturities of Lease Liabilities</a></td>
<td class="text"><div><div></div>
    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Future annual minimum payments for operating leases with initial terms of greater than one year as of March 31, 2019 were
        as follows:</font></div>
    <div><br />
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" id="ze29da9b164904993a0d1e7e5deb022d0" style="width: 60%; font: 10pt Times New Roman, Times, serif">

        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%">
            <div style="text-align: left"><font style="font: bold 10pt Times New Roman, Times, serif">Year</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle">
            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">Amount</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;2019</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%">
            <div><font style="font: 10pt Times New Roman, Times, serif">676,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;2020</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">891,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;2021</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%">
            <div><font style="font: 10pt Times New Roman, Times, serif">728,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;2022</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">489,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;2023</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%">
            <div><font style="font: 10pt Times New Roman, Times, serif">468,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;2024</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">39,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%; padding-bottom: 2px">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;Thereafter</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%; border-bottom: rgb(0, 0, 0) 2px solid">
            <div><font style="font: 10pt Times New Roman, Times, serif">&#8212;</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255); padding-bottom: 4px">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">Remaining balance of lease payments</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 4px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 4px double">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 4px double">
            <div><font style="font: 10pt Times New Roman, Times, serif">3,291,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 4px double">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Lease payments related to leases not commenced as of</font></div>
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;March 31, 2019</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: middle; text-align: right; width: 12%">
            <div><font style="font: 10pt &quot">480,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Difference between undiscounted cash flows and</font></div>
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;discounted cash flows</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: middle; text-align: right; width: 12%; background-color: rgb(255, 255, 255)">
            <div><font style="font: 10pt &quot">304,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%; padding-bottom: 2px">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Other reconciling items</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%; border-bottom: rgb(0, 0, 0) 2px solid">
            <div><font style="font: 10pt Times New Roman, Times, serif">(23,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">
            <div><font style="font: 10pt Times New Roman, Times, serif">)</font></div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">
            <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">Lease liabilities</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">2,530,000</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>

    </table>
    </div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of additional information related to leases.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of supplemental balance sheet information related to leases.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918686-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>na</td>
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<td>duration</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeasesAbstract</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<DOCUMENT>
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<html>
<head>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6839027712">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Equity Method Investments (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract', window );"><strong>Equity Method Investments and Joint Ventures [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_ScheduleOfSupplementalOperationsInformationTableTextBlock', window );">Schedule of Supplemental Operations Information</a></td>
<td class="text"><div><div></div>
    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Below is a table showing illustrating the summary from the condensed consolidated statements of operations for StockCross
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 67%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle">
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            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">(unaudited)</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 67%">
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          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
            <div><font style="font: 10pt Times New Roman, Times, serif; color: #000000">$</font></div>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 30%">
            <div><font style="font: 10pt Times New Roman, Times, serif; color: #000000">4,014,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 67%; background-color: rgb(255, 255, 255)">
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          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 30%; background-color: rgb(255, 255, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif; color: #000000">285,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 67%">
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          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 30%">
            <div><font style="font: 10pt Times New Roman, Times, serif; color: #000000">246,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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</td>
</tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_ScheduleOfSupplementalOperationsInformationTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Supplemental operations information.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract</td>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6592006736">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Revenue Recognition (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenueFromContractWithCustomerAbstract', window );"><strong>Revenue from Contract with Customer [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock', window );">Schedule of Major Revenue Categories</a></td>
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    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The following table presents the major revenue categories and when each category is recognized:</font></div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; text-align: center; width: 26%">&#160;</td>
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          <td style="vertical-align: bottom; vertical-align: middle; width: 38%">
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
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            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">(unaudited)</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top">
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 26%">
            <div style="text-align: center"><font style="font: bold 10pt &quot">Timing of Recognition</font></div>
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        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 38%">
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; text-align: center; width: 26%">&#160;&#160;&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 38%; background-color: rgb(204, 238, 255)">
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">1,864,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">2,674,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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        <tr>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%">
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 26%">
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 38%; background-color: rgb(204, 238, 255)">
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          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 26%; text-align: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 38%; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Other Income</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255); text-align: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 38%">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Margin interest, marketing and distribution fees</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 26%; text-align: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 38%; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;&#160;Margin interest</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">2,066,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">1,635,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)">
            <div style="text-align: center"><font style="font: 10pt &quot">Recorded as earned</font></div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 38%; padding-bottom: 2px">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;&#160;12b1 fees</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 2px solid">
            <div><font style="font: 10pt Times New Roman, Times, serif">706,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 2px solid">
            <div><font style="font: 10pt Times New Roman, Times, serif">900,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 26%; padding-bottom: 2px">
            <div style="text-align: center"><font style="font: 10pt &quot">Recorded as earned</font></div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 38%; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;Total Margin interest, marketing and distribution fees</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">2,772,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
            <div><font style="font: 10pt Times New Roman, Times, serif">2,535,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255); text-align: center">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 38%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(255, 255, 255); width: 26%; padding-bottom: 2px; text-align: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 38%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Total Revenue</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">
            <div><font style="font: bold 10pt Times New Roman, Times, serif">$</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">
            <div><font style="font: bold 10pt Times New Roman, Times, serif">6,429,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 4px double">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">
            <div><font style="font: bold 10pt Times New Roman, Times, serif">$</font></div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">
            <div><font style="font: bold 10pt Times New Roman, Times, serif">8,177,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">&#160;</td></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_ScheduleOfPerformanceObligationTableTextBlock', window );">Schedule of Performance Obligation</a></td>
<td class="text"><div><div></div>
    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The following table presents each revenue category and its related performance obligation:</font></div>
    <div><br />
    </div>
    <table cellspacing="0" cellpadding="0" id="zaf070c8a2fc54ad2a334a0abff3e0135" style="font: 10pt Times New Roman, Times, serif; width: 100%; border-collapse: collapse">

        <tr>
          <td style="width: 50.01%; vertical-align: top">
            <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Revenue Stream</font></div>
          </td>
          <td style="width: 49.99%; vertical-align: top">
            <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Performance Obligation</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.01%; vertical-align: top; background-color: #CCEEFF">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Commissions and fees, Principal transactions, Advisory fees and additional income</font></div>
          </td>
          <td style="width: 49.99%; vertical-align: top; background-color: #CCEEFF">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Provide security trading services to customer and act as agent</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.01%; vertical-align: top">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Margin interest, marketing and distribution fees</font></div>
          </td>
          <td style="width: 49.99%; vertical-align: top">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">n/a</font></div></td></tr></table></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisaggregationOfRevenueTableTextBlock', window );">Disaggregation of revenue</a></td>
<td class="text"><div><div></div>
    <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The following table presents a breakdown of the Company&#8217;s revenue between the amounts attributed to the accounts that were
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    <div><br />
    </div>
    <table cellspacing="0" cellpadding="0" id="z2411ead3c72d463882e532093f3611b6" style="font: 10pt Times New Roman, Times, serif; width: 100%">

        <tr>
          <td style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(255, 255, 255)">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;</font></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
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            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">Three Months Ended</font></div>
            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">March 31,</font></div>
          </td>
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        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: bottom; background-color: #FFFFFF">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #FFFFFF">
            <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">2019</font></div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
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        <tr>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">
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            <div><font style="font: 10pt Times New Roman, Times, serif">2,941,000</font></div>
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        <tr>
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            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Commissions and fees &#8211; Legacy Siebert</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">
            <div><font style="font: 10pt Times New Roman, Times, serif">1,955,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Commissions and fees &#8211; StockCross accounts</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">
            <div><font style="font: 10pt Times New Roman, Times, serif">284,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">
            <div><font style="font: 10pt Times New Roman, Times, serif">719,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;Total Revenue from Commissions and fees</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">
            <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <div><font style="font: 10pt Times New Roman, Times, serif">1,864,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            <div><font style="font: 10pt Times New Roman, Times, serif">2,674,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
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        <tr>
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            <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Revenue from Margin interest, marketing and distribution fees:</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Margin interest, marketing and distribution&#160;fees &#8211; Legacy Siebert</font></div>
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            <div><font style="font: 10pt Times New Roman, Times, serif">2,445,000</font></div>
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            <div><font style="font: 10pt Times New Roman, Times, serif">2,328,000</font></div>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Margin interest, marketing and distribution fees &#8211; StockCross accounts</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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            <div><font style="font: 10pt Times New Roman, Times, serif">327,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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            <div><font style="font: 10pt Times New Roman, Times, serif">207,000</font></div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%">
            <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Total Revenue from Margin interest, marketing and distribution fees</font></div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32639-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6622492768">
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<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>New Accounting Standards (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
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<tr class="re">
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseRightOfUseAsset', window );">Lease right-of-use assets</a></td>
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<td class="text"> <span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Present value of lessee's discounted obligation for lease payments from operating lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888419&amp;loc=SL77918627-209977<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseLiability</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseRightOfUseAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's right to use underlying asset under operating lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888419&amp;loc=SL77918627-209977<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseRightOfUseAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>35
<FILENAME>R26.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6841167936">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Capital Requirements (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Mar. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Assets</a></td>
<td class="nump">$ 21,549,000<span></span>
</td>
<td class="nump">$ 18,177,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
<td class="nump">3,767,000<span></span>
</td>
<td class="nump">7,229,000<span></span>
</td>
<td class="nump">$ 5,384,000<span></span>
</td>
<td class="nump">$ 3,765,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=SIEB_MSCOMember', window );">MSCO [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_NetCapital', window );">Net capital</a></td>
<td class="nump">5,100,000<span></span>
</td>
<td class="nump">8,900,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1', window );">Minimum net capital required</a></td>
<td class="nump">250,000<span></span>
</td>
<td class="nump">250,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_NetCapitalInExcessOfMinimumRequirement', window );">Net capital in excess of minimum requirement</a></td>
<td class="nump">$ 4,800,000<span></span>
</td>
<td class="nump">$ 8,700,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_NetCapitalInExcessOfMinimumRequirement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net capital in excess of minimum requirement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_NetCapitalInExcessOfMinimumRequirement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Minimum amount of net capital required to be maintained by broker-dealer subsidiary to engage in security transaction, calculated under Aggregate Indebtedness Standard.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher SEC<br> -Name Rule 15c3-1<br> -Number 240<br> -Section 15c3-1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>srt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_NetCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of net capital of broker-dealer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher SEC<br> -Name Rule 15c3-1<br> -Number 240<br> -Section 15c3-1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_NetCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>srt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3044-108585<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118951113&amp;loc=d3e6676-107765<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=SIEB_MSCOMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=SIEB_MSCOMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>36
<FILENAME>R27.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6849082880">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Receivables from and Payable to Brokers, Dealers and Clearing Organizations (Schedule of Amounts Receivable) (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizationsAbstract', window );"><strong>Receivables from clearing and other brokers</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_DueFromNFS', window );">NFS</a></td>
<td class="nump">$ 1,408,000<span></span>
</td>
<td class="nump">$ 1,664,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_DueFromStockcross', window );">StockCross</a></td>
<td class="nump">708,000<span></span>
</td>
<td class="nump">310,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherReceivablesFromBrokerDealersAndClearingOrganizations', window );">Other receivables</a></td>
<td class="nump">117,000<span></span>
</td>
<td class="nump">31,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueFromCorrespondentBrokers', window );">Citibank</a></td>
<td class="nump">42,000<span></span>
</td>
<td class="nump">25,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations', window );">Total Receivables from clearing and other brokers</a></td>
<td class="nump">2,275,000<span></span>
</td>
<td class="nump">2,030,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_ReceivableFromRelatedPartyAbstract', window );"><strong>Receivable from related party</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross', window );">StockCross</a></td>
<td class="nump">1,000,000<span></span>
</td>
<td class="nump">1,000,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueFromRelatedParties', window );">Total Receivable from related party</a></td>
<td class="nump">1,000,000<span></span>
</td>
<td class="nump">1,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PayablesToBrokerDealersAndClearingOrganizationsAbstract', window );"><strong>Due to clearing brokers and related parties</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_DueToCorrespondentKCA', window );">KCA</a></td>
<td class="nump">33,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_DueToCorrespondentStockCross', window );">StockCross</a></td>
<td class="nump">21,000<span></span>
</td>
<td class="nump">46,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherPayablesToBrokerDealersAndClearingOrganizations', window );">MSCO</a></td>
<td class="nump">10,000<span></span>
</td>
<td class="nump">29,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_DueToCorrespondentNFS', window );">NFS</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">58,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueToRelatedPartiesCurrentAndNoncurrent', window );">Total Due to clearing brokers and related parties</a></td>
<td class="nump">$ 64,000<span></span>
</td>
<td class="nump">$ 133,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_DueFromNFS">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount receivable from NFS.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_DueFromNFS</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_DueFromStockcross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Due from StockCross.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_DueFromStockcross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_DueToCorrespondentKCA">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount payable to correspondent KCA.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_DueToCorrespondentKCA</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_DueToCorrespondentNFS">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount payable to correspondent NFS.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_DueToCorrespondentNFS</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_DueToCorrespondentStockCross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount payable to correspondent stockcross.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_DueToCorrespondentStockCross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_ReceivableFromRelatedPartyAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_ReceivableFromRelatedPartyAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount receivable from stockcross broker-dealers and clearing organizations, including, but not limited to, securities failed-to-deliver, certain deposits for securities borrowed, open transactions, good faith and margin deposits, commissions and floor brokerage receivables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DueFromCorrespondentBrokers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount receivable from correspondent broker-dealer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=118952595&amp;loc=d3e4428-111522<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -SubTopic 20<br> -Section 25<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=68072869&amp;loc=d3e41242-110953<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=35710130&amp;loc=d3e41645-110958<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DueFromCorrespondentBrokers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DueFromRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>For an unclassified balance sheet, amounts due from related parties including affiliates, employees, joint ventures, officers and stockholders, immediate families thereof, and pension funds.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.10(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(k)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.3)<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DueFromRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DueToRelatedPartiesCurrentAndNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of obligations due all related parties.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(k)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.17)<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.15(3),(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DueToRelatedPartiesCurrentAndNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherPayablesToBrokerDealersAndClearingOrganizations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of other payables due to broker-dealers or clearing organizations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherPayablesToBrokerDealersAndClearingOrganizations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherReceivablesFromBrokerDealersAndClearingOrganizations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of other receivables due from broker-dealers or clearing organizations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherReceivablesFromBrokerDealersAndClearingOrganizations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PayablesToBrokerDealersAndClearingOrganizationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PayablesToBrokerDealersAndClearingOrganizationsAbstract</td>
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<tr>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount receivable from broker-dealers and clearing organizations, including, but not limited to, securities failed-to-deliver, certain deposits for securities borrowed, open transactions, good faith and margin deposits, commissions and floor brokerage receivables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=118952595&amp;loc=d3e4428-111522<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=35710130&amp;loc=d3e41645-110958<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizationsAbstract</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6614949104">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Leases (Narrative) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2019</div></th>
<th class="th"><div>Mar. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeDisclosureAbstract', window );"><strong>Lessee Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesRentExpenseNet', window );">Rent and related operating expenses</a></td>
<td class="nump">$ 295,000<span></span>
</td>
<td class="nump">$ 242,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermLeaseCommitmentAmount', window );">Total commitment of lease</a></td>
<td class="nump">$ 480,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseRenewalTerm', window );">Lease renewal term</a></td>
<td class="text">2 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeDisclosureAbstract</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
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</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseRenewalTerm">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Term of lessee's operating lease renewal, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918673-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseRenewalTerm</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Rental expense for the reporting period incurred under operating leases, including minimum and any contingent rent expense, net of related sublease income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41499-112717<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesRentExpenseNet</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermLeaseCommitmentAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of short-term lease commitment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918705-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermLeaseCommitmentAmount</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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</div>
</body>
</html>
</TEXT>
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<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6591995824">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Leases (Schedule of Supplemental Balance Sheet Information Related to Leases) (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseRightOfUseAsset', window );">Lease right-of-use assets</a></td>
<td class="nump">$ 2,257,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseLiability', window );">Lease liabilities</a></td>
<td class="nump">$ 2,530,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsAbstract</td>
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<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesAbstract</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Present value of lessee's discounted obligation for lease payments from operating lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888419&amp;loc=SL77918627-209977<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseLiability</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseRightOfUseAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's right to use underlying asset under operating lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888419&amp;loc=SL77918627-209977<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseRightOfUseAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
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<body>
<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6839772240">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Leases (Schedule of Additional Information Related to Leases) (Details)<br></strong></div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeDisclosureAbstract', window );"><strong>Lessee Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1', window );">Weighted average remaining lease term - Operating leases (in years)</a></td>
<td class="text">4 years 3 months 19 days<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent', window );">Weighted average discount rate - Operating leases</a></td>
<td class="nump">5.00%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average discount rate for operating lease calculated at point in time.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (g)(4)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918686-209980<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 55<br> -Paragraph 53<br> -URI http://asc.fasb.org/extlink&amp;oid=77888399&amp;loc=SL77918982-209971<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average remaining lease term for operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 55<br> -Paragraph 53<br> -URI http://asc.fasb.org/extlink&amp;oid=77888399&amp;loc=SL77918982-209971<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (g)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918686-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6850025104">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Leases (Schedule of Lease Costs and Other Lease Information) (Details)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th">
<div>Mar. 31, 2019 </div>
<div>USD ($)</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseDescriptionAbstract', window );"><strong>Operating lease</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseCost', window );">Operating lease cost</a></td>
<td class="nump">$ 148,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermLeaseCost', window );">Short-term lease cost</a></td>
<td class="nump">130,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableLeaseCost', window );">Variable lease cost</a></td>
<td class="nump">17,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SubleaseIncome', window );">Sublease income</a></td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeaseCost', window );">Total lease cost</a></td>
<td class="nump">295,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilitiesAbstract', window );"><strong>Cash paid for amounts included in the measurement of lease liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasePayments', window );">Operating cash flows from operating leases</a></td>
<td class="nump">147,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesRentExpenseAbstract', window );"><strong>Lease right-of-use assets obtained in exchange for new lease liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability', window );">Lease right-of-use assets obtained in exchange for new lease liabilities - operating leases</a></td>
<td class="nump">$ 1,680,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeaseCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lease cost recognized by lessee for lease contract.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918686-209980<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 55<br> -Paragraph 53<br> -URI http://asc.fasb.org/extlink&amp;oid=77888399&amp;loc=SL77918982-209971<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeaseCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseDescriptionAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseDescriptionAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of single lease cost, calculated by allocation of remaining cost of lease over remaining lease term. Includes, but is not limited to, single lease cost, after impairment of right-of-use asset, calculated by amortization of remaining right-of-use asset and accretion of lease liability.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 55<br> -Paragraph 53<br> -URI http://asc.fasb.org/extlink&amp;oid=77888399&amp;loc=SL77918982-209971<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918686-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasePayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash outflow from operating lease, excluding payments to bring another asset to condition and location necessary for its intended use.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 5<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888419&amp;loc=SL77918643-209977<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (g)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918686-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasePayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesRentExpenseAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesRentExpenseAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase in right-of-use asset obtained in exchange for operating lease liability.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 55<br> -Paragraph 53<br> -URI http://asc.fasb.org/extlink&amp;oid=77888399&amp;loc=SL77918982-209971<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (g)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918686-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermLeaseCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of short-term lease cost, excluding expense for lease with term of one month or less.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918686-209980<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 55<br> -Paragraph 53<br> -URI http://asc.fasb.org/extlink&amp;oid=77888399&amp;loc=SL77918982-209971<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermLeaseCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SubleaseIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of sublease income excluding finance and operating lease expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918686-209980<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 55<br> -Paragraph 53<br> -URI http://asc.fasb.org/extlink&amp;oid=77888399&amp;loc=SL77918982-209971<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SubleaseIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableLeaseCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of variable lease cost, excluded from lease liability, recognized when obligation for payment is incurred for finance and operating leases.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918686-209980<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 55<br> -Paragraph 53<br> -URI http://asc.fasb.org/extlink&amp;oid=77888399&amp;loc=SL77918982-209971<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableLeaseCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6838055440">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Leases (Schedule of Future Minimum Base Rental Payment) (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeasesAbstract', window );"><strong>Leases [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear', window );">2019</a></td>
<td class="nump">$ 676,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo', window );">2020</a></td>
<td class="nump">891,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree', window );">2021</a></td>
<td class="nump">728,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour', window );">2022</a></td>
<td class="nump">489,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive', window );">2023</a></td>
<td class="nump">468,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive', window );">2024</a></td>
<td class="nump">39,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter', window );">Thereafter</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDue', window );">Remaining balance of lease payments</a></td>
<td class="nump">3,291,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermLeaseCommitmentAmount', window );">Lease payments related to leases not commenced as of March 31, 2019</a></td>
<td class="nump">480,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount', window );">Difference between undiscounted cash flows and discounted cash flows</a></td>
<td class="nump">304,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_OtherReconcilingItems', window );">Other reconciling items</a></td>
<td class="num">(23,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseLiability', window );">Lease liabilities</a></td>
<td class="nump">$ 2,530,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_OtherReconcilingItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Other reconciling items.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_OtherReconcilingItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payments in excess of discounted obligation for lease payments for finance lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918701-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeasesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeasesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payments for operating lease, due after fifth fiscal year following latest fiscal year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918701-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payments for operating lease, due in fifth fiscal year following latest fiscal year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918701-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payments for operating lease, due in fourth fiscal year following latest fiscal year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918701-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payments for operating lease, due in third fiscal year following latest fiscal year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918701-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payments for operating lease, due in second fiscal year following latest fiscal year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918701-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payments for operating lease having an initial or remaining lease term in excess of one year due in remainder of fiscal year following latest fiscal year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918701-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Present value of lessee's discounted obligation for lease payments from operating lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888419&amp;loc=SL77918627-209977<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseLiability</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for leases having an initial or remaining non-cancelable letter-terms in excess of one year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=82846649&amp;loc=d3e38371-112697<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=82846649&amp;loc=d3e38371-112697<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermLeaseCommitmentAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of short-term lease commitment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918705-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermLeaseCommitmentAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6838067712">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Equity Method Investments (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2019</div></th>
<th class="th"><div>Mar. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromEquityMethodInvestments', window );">Earnings of equity method investment</a></td>
<td class="nump">$ 39,000<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures', window );">Investment in related party</a></td>
<td class="nump">$ 3,704,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=SIEB_StockCrossMember', window );">StockCross [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_PercentageOutstandingSharesInEntity', window );">Percentage of outstanding shares purchased by company</a></td>
<td class="nump">15.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesNewIssues', window );">Shares purchased</a></td>
<td class="nump">922,875<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesIssuedPricePerShare', window );">Per share price</a></td>
<td class="nump">$ 3.97<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromEquityMethodInvestments', window );">Earnings of equity method investment</a></td>
<td class="nump">$ 39,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures', window );">Investment in related party</a></td>
<td class="nump">$ 3,704,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_PercentageOutstandingSharesInEntity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of outstanding shares purchased by company.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_PercentageOutstandingSharesInEntity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromEquityMethodInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of income (loss) for proportionate share of equity method investee's income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(13)(f))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (g)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=109237563&amp;loc=d3e33749-111570<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromEquityMethodInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in equity method investee and investment in and advance to affiliate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.12)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharesIssuedPricePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Per share or per unit amount of equity securities issued.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SharesIssuedPricePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesNewIssues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of new stock issued during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=109259400&amp;loc=d3e21463-112644<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesNewIssues</td>
</tr>
<tr>
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<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=SIEB_StockCrossMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=SIEB_StockCrossMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>43
<FILENAME>R34.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6838183088">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Equity Method Investments (Schedule of Supplemental Operations Information) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2019</div></th>
<th class="th"><div>Mar. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenue</a></td>
<td class="nump">$ 6,429,000<span></span>
</td>
<td class="nump">$ 8,177,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income</a></td>
<td class="nump">1,006,000<span></span>
</td>
<td class="nump">$ 1,693,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=SIEB_StockCrossMember', window );">StockCross [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenue</a></td>
<td class="nump">4,014,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GrossProfit', window );">Gross profit</a></td>
<td class="nump">285,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income</a></td>
<td class="nump">$ 246,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GrossProfit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.1,2)<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GrossProfit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669619-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669625-108580<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Revenues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8933-108599<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Revenues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=SIEB_StockCrossMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=SIEB_StockCrossMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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</div>
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</html>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>44
<FILENAME>R35.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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</head>
<body>
<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6848915488">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Commitments, Contingencies and Other (Narrative) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2019</div></th>
<th class="th"><div>Mar. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingenciesDisclosureAbstract', window );"><strong>Commitments and Contingencies Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_HealthClaimReinsuranceLimitPerEmployee', window );">Health claim reinsurance limit per employee</a></td>
<td class="nump">$ 50,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_ExpenseForSelfInsuranceClaims', window );">Expense for self-insurance claims</a></td>
<td class="nump">289,000<span></span>
</td>
<td class="nump">$ 240,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyAccrualCarryingValueCurrent', window );">Accrual for self-insurance claims</a></td>
<td class="nump">$ 75,000<span></span>
</td>
<td class="nump">$ 70,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_ExpenseForSelfInsuranceClaims">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Expense for self-insurance claims.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_ExpenseForSelfInsuranceClaims</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_HealthClaimReinsuranceLimitPerEmployee">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Health claim reinsurance limit per employee.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_HealthClaimReinsuranceLimitPerEmployee</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingenciesDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommitmentsAndContingenciesDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingencyAccrualCarryingValueCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of loss contingency liability expected to be resolved within one year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=118942415&amp;loc=d3e14326-108349<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LossContingencyAccrualCarryingValueCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<body>
<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6637519904">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Revenue Recognition (Schedule of Major Revenue Categories) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2019</div></th>
<th class="th"><div>Mar. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_TradingExecutionAndClearingServicesAbstract', window );"><strong>Trading Execution and Clearing Services</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromCommissionsAndFees', window );">Commissions and fees</a></td>
<td class="nump">$ 1,864,000<span></span>
</td>
<td class="nump">$ 2,674,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrincipalTransactionsRevenue', window );">Principal transactions</a></td>
<td class="nump">1,610,000<span></span>
</td>
<td class="nump">2,941,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_AdvisoryFeesAndAdditionalIncome', window );">Advisory fees and additional income</a></td>
<td class="nump">183,000<span></span>
</td>
<td class="nump">27,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_MarginInterestMarketingAndDistributionFeesAbstract', window );"><strong>Margin interest, marketing and distribution fees</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_MarginInterestIncome', window );">Margin interest</a></td>
<td class="nump">2,066,000<span></span>
</td>
<td class="nump">1,635,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_TwelveB1FeesRevenue', window );">12b1 fees</a></td>
<td class="nump">706,000<span></span>
</td>
<td class="nump">900,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromMarginInterestMarketingAndDistributionFees', window );">Total Margin interest, marketing and distribution fees</a></td>
<td class="nump">2,772,000<span></span>
</td>
<td class="nump">2,535,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Total revenue</a></td>
<td class="nump">$ 6,429,000<span></span>
</td>
<td class="nump">$ 8,177,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_AdvisoryFeesAndAdditionalIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Advisory fees and additional income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_AdvisoryFeesAndAdditionalIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_MarginInterestIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Margin interest income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_MarginInterestIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_MarginInterestMarketingAndDistributionFeesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_MarginInterestMarketingAndDistributionFeesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_RevenueFromCommissionsAndFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Revenue from commissions and fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_RevenueFromCommissionsAndFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_RevenueFromMarginInterestMarketingAndDistributionFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Revenue from margin interest, marketing and distribution fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_RevenueFromMarginInterestMarketingAndDistributionFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_TradingExecutionAndClearingServicesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_TradingExecutionAndClearingServicesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_TwelveB1FeesRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Revenue from 12b1 fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_TwelveB1FeesRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrincipalTransactionsRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of realized and unrealized gain (loss) resulting from the difference between acquisition price and selling price or fair value of trading assets and trading liabilities, and from the firm's direct investment activity, conducted separately from customer trading activities, including, but not limited to, investments in private equity, alternative investment products, real estate, and exchanges and memberships.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -SubTopic 320<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=35711157&amp;loc=d3e42567-110969<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PrincipalTransactionsRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Revenues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8933-108599<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Revenues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
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</TEXT>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6625092080">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Revenue Recognition (Schedule of Performance Obligation) (Details)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2019</div></th></tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ProductOrServiceAxis=SIEB_ProductOrServiceMember', window );">One [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueStreamDescriptionOfGoodOrService', window );">Revenue Stream</a></td>
<td class="text">Principal transactions, Commissions and fees, Advisory fees and additional income<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenuePerformanceObligationDescriptionOfGoodOrService', window );">Performance Obligation</a></td>
<td class="text">Provide security trading services to customer and act as agent<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ProductOrServiceAxis=SIEB_ProductOrServiceOneMember', window );">Two [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueStreamDescriptionOfGoodOrService', window );">Revenue Stream</a></td>
<td class="text">Margin interest, marketing and distribution fees<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenuePerformanceObligationDescriptionOfGoodOrService', window );">Performance Obligation</a></td>
<td class="text">n/a<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_RevenueStreamDescriptionOfGoodOrService">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of good or service to be transferred in contract with customer. Includes, but is not limited to, arrangement for another party to transfer good or service to customer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_RevenueStreamDescriptionOfGoodOrService</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RevenuePerformanceObligationDescriptionOfGoodOrService">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of good or service to be transferred in contract with customer. Includes, but is not limited to, arrangement for another party to transfer good or service to customer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 606<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=118956577&amp;loc=SL49130554-203045<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RevenuePerformanceObligationDescriptionOfGoodOrService</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ProductOrServiceAxis=SIEB_ProductOrServiceMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ProductOrServiceAxis=SIEB_ProductOrServiceMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ProductOrServiceAxis=SIEB_ProductOrServiceOneMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ProductOrServiceAxis=SIEB_ProductOrServiceOneMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<DOCUMENT>
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<SEQUENCE>47
<FILENAME>R38.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6849774096">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Revenue Recognition (Disaggregation of revenue) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2019</div></th>
<th class="th"><div>Mar. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrincipalTransactionsRevenue', window );">Total revenue from Principal transactions</a></td>
<td class="nump">$ 1,610,000<span></span>
</td>
<td class="nump">$ 2,941,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromCommissionsAndFees', window );">Total revenue from Commissions and fees</a></td>
<td class="nump">1,864,000<span></span>
</td>
<td class="nump">2,674,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromMarginInterestMarketingAndDistributionFees', window );">Total revenue from Margin interest, marketing and distribution fees</a></td>
<td class="nump">2,772,000<span></span>
</td>
<td class="nump">2,535,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_AdvisoryFeesRevenue', window );">Total revenue from Advisory fees</a></td>
<td class="nump">168,000<span></span>
</td>
<td class="nump">16,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndDividendIncomeOperating', window );">Total revenue from Interest</a></td>
<td class="nump">15,000<span></span>
</td>
<td class="nump">11,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Total revenue</a></td>
<td class="nump">6,429,000<span></span>
</td>
<td class="nump">8,177,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=SIEB_LegacySiebertMember', window );">Legacy Siebert [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_AdvisoryFeesRevenue', window );">Total revenue from Advisory fees</a></td>
<td class="nump">168,000<span></span>
</td>
<td class="nump">16,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndDividendIncomeOperating', window );">Total revenue from Interest</a></td>
<td class="nump">15,000<span></span>
</td>
<td class="nump">11,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ProductOrServiceAxis=SIEB_PrincipalTransactionsMember', window );">Principal transactions [Member] | Legacy Siebert [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrincipalTransactionsRevenue', window );">Total revenue from Principal transactions</a></td>
<td class="nump">379,000<span></span>
</td>
<td class="nump">572,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ProductOrServiceAxis=SIEB_PrincipalTransactionsMember', window );">Principal transactions [Member] | StockCross accounts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrincipalTransactionsRevenue', window );">Total revenue from Principal transactions</a></td>
<td class="nump">1,231,000<span></span>
</td>
<td class="nump">2,369,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ProductOrServiceAxis=SIEB_CommissionsAndFeesMember', window );">Commissions and fees [Member] | Legacy Siebert [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromCommissionsAndFees', window );">Total revenue from Commissions and fees</a></td>
<td class="nump">1,580,000<span></span>
</td>
<td class="nump">1,955,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ProductOrServiceAxis=SIEB_CommissionsAndFeesMember', window );">Commissions and fees [Member] | StockCross accounts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromCommissionsAndFees', window );">Total revenue from Commissions and fees</a></td>
<td class="nump">284,000<span></span>
</td>
<td class="nump">719,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ProductOrServiceAxis=SIEB_MarginInterestMarketingAndDistributionFeesMember', window );">Margin interest, marketing and distribution fees [Member] | Legacy Siebert [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromMarginInterestMarketingAndDistributionFees', window );">Total revenue from Margin interest, marketing and distribution fees</a></td>
<td class="nump">2,445,000<span></span>
</td>
<td class="nump">2,328,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ProductOrServiceAxis=SIEB_MarginInterestMarketingAndDistributionFeesMember', window );">Margin interest, marketing and distribution fees [Member] | StockCross accounts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromMarginInterestMarketingAndDistributionFees', window );">Total revenue from Margin interest, marketing and distribution fees</a></td>
<td class="nump">$ 327,000<span></span>
</td>
<td class="nump">$ 207,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_AdvisoryFeesRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Advisory fees revenue.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_AdvisoryFeesRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_RevenueFromCommissionsAndFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Revenue from commissions and fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_RevenueFromCommissionsAndFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Revenue from margin interest, marketing and distribution fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_RevenueFromMarginInterestMarketingAndDistributionFees</td>
</tr>
<tr>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisaggregationOfRevenueLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DisaggregationOfRevenueLineItems</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.1-5)<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestAndDividendIncomeOperating</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrincipalTransactionsRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of realized and unrealized gain (loss) resulting from the difference between acquisition price and selling price or fair value of trading assets and trading liabilities, and from the firm's direct investment activity, conducted separately from customer trading activities, including, but not limited to, investments in private equity, alternative investment products, real estate, and exchanges and memberships.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -SubTopic 320<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=35711157&amp;loc=d3e42567-110969<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PrincipalTransactionsRevenue</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8933-108599<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Revenues</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=SIEB_LegacySiebertMember</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ProductOrServiceAxis=SIEB_PrincipalTransactionsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=SIEB_StockCrossAccountsMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6839195088">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Provision for Income Tax (Narrative) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="1"></th>
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<tr>
<th class="th"><div>Mar. 31, 2019</div></th>
<th class="th"><div>Mar. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>Income Tax Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="nump">20.00%<span></span>
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<td class="text">&#160;<span></span>
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<td class="text"> <span></span>
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<td class="text">&#160;<span></span>
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<td class="nump">$ 5,576,000<span></span>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsGross">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32537-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsGross</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(h)(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32687-109319<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32698-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateContinuingOperations</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureAbstract</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the account that represents the temporary difference that results from Income or Loss that is recognized for accounting purposes but not for tax purposes and vice versa.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInDeferredIncomeTaxes</td>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6838119184">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Provision for Income Tax (Schedule of Income Taxes) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2019</div></th>
<th class="th"><div>Mar. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CurrentFederalStateAndLocalTaxExpenseBenefitAbstract', window );"><strong>Current income tax expense</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CurrentFederalTaxExpenseBenefit', window );">Federal</a></td>
<td class="nump">$ 203,000<span></span>
</td>
<td class="nump">$ 272,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CurrentStateAndLocalTaxExpenseBenefit', window );">State</a></td>
<td class="nump">76,000<span></span>
</td>
<td class="nump">141,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CurrentFederalStateAndLocalTaxExpenseBenefit', window );">Current income tax expense</a></td>
<td class="nump">279,000<span></span>
</td>
<td class="nump">413,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefitAbstract', window );"><strong>Deferred income tax</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredFederalIncomeTaxExpenseBenefit', window );">Federal</a></td>
<td class="nump">47,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit', window );">State</a></td>
<td class="nump">43,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefit', window );">Deferred income tax</a></td>
<td class="nump">90,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Total provision for income tax</a></td>
<td class="nump">$ 369,000<span></span>
</td>
<td class="nump">$ 413,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current state, local, and federal tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CurrentFederalStateAndLocalTaxExpenseBenefit</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current federal tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=116825942&amp;loc=d3e330036-122817<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32639-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CurrentFederalTaxExpenseBenefit</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current state and local tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=116825942&amp;loc=d3e330036-122817<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32639-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CurrentStateAndLocalTaxExpenseBenefit</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred federal income tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32639-109319<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=116825942&amp;loc=d3e330036-122817<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredFederalIncomeTaxExpenseBenefit</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred state, local, and federal tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefit</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefitAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred state and local tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=116825942&amp;loc=d3e330036-122817<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32639-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (h)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 20<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109238882&amp;loc=d3e38679-109324<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
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<tr>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6623962736">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Earnings Per Share (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2019</div></th>
<th class="th"><div>Mar. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareAbstract', window );"><strong>Earnings Per Share [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
<td class="nump">$ 1,006,000<span></span>
</td>
<td class="nump">$ 1,693,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669619-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669625-108580<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6838123056">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Related Party Disclosures (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="nump">$ 708,000<span></span>
</td>
<td class="nump">$ 310,000<span></span>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross', window );">Receivable from StockCross</a></td>
<td class="nump">1,000,000<span></span>
</td>
<td class="nump">1,000,000<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=SIEB_PWCMember', window );">PWC [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenueFromRelatedParties', window );">Related party revenues</a></td>
<td class="nump">22,000<span></span>
</td>
<td class="text">&#160;<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=SIEB_MSCOMember', window );">MSCO [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_DueFromStockcross', window );">Due from Stockcross to MSCO</a></td>
<td class="nump">1,700,000<span></span>
</td>
<td class="nump">1,300,000<span></span>
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</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_PayableToStockCross', window );">Payable to StockCross</a></td>
<td class="nump">$ 21,000<span></span>
</td>
<td class="nump">$ 46,000<span></span>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_DueFromStockcross">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Due from StockCross.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_DueFromStockcross</td>
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<td>instant</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Payable to StockCross</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td>xbrli:monetaryItemType</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount receivable from stockcross broker-dealers and clearing organizations, including, but not limited to, securities failed-to-deliver, certain deposits for securities borrowed, open transactions, good faith and margin deposits, commissions and floor brokerage receivables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionLineItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 946<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-07.1(c))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637345&amp;loc=SL114874292-224272<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.1(e))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RevenueFromRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=SIEB_PWCMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=SIEB_PWCMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=SIEB_MSCOMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=SIEB_MSCOMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<DOCUMENT>
<TYPE>EXCEL
<SEQUENCE>52
<FILENAME>Financial_Report.xlsx
<DESCRIPTION>IDEA: XBRL DOCUMENT
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"   !

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
